Spot gold once again surpassed the $3,400/ounce mark, up more than 1% on the day
Spot gold once again stood above the $3,400/ounce mark, up more than 1% on the day.
Arizona signs HB 2749 into law, establishing the first crypto reserve account
Arizona legislative records show that HB 2749 has been officially signed into law by the governor, marking the establishment of the state's first crypto reserve. The reserve is not used for investment, but to receive unclaimed virtual assets, airdrops and staking rewards, and keep them in their native form, becoming an important pilot for crypto public finance management in the United States.
OCC allows US banks to buy and sell customer-custodied crypto assets and outsource related services
The U.S. Office of the Comptroller of the Currency (OCC) issued new guidance (Interpretative Letter No. 1184), clarifying that U.S. national banks and federal savings associations can buy and sell crypto assets in their custody based on customer instructions, and allow outsourcing of crypto asset custody and execution services to third parties, provided that they comply with third-party risk management regulations.
Stripe launches stablecoin financial accounts to support merchants in 101 countries
Stripe announced the launch of "Stablecoin Financial Accounts", which supports corporate users in 101 countries and regions around the world to hold USDC or USDB stablecoin balances, and can send and receive funds through fiat and crypto channels. The account is hosted by Stripe's Bridge, and funds can be transferred through ACH, wire transfer or crypto wallet, and support transfers to bank accounts or crypto addresses. Stripe also plans to provide USDC-denominated Visa card services. USDB is a closed-loop stablecoin, which means it is not publicly available. USDB is an infrastructure stablecoin issued by Bridge. It always corresponds one-to-one to the equivalent amount of US dollar cash and short-term money market funds held by BlackRock.
According to Jinshi, at 02:00 am Beijing time on Thursday, the Federal Reserve kept interest rates unchanged for the third time, maintaining the benchmark interest rate target range at 4.25%-4.50%, in line with market expectations, and took a cautious stance amid the increasing uncertainty in the economic outlook caused by tariff policies. Although the Federal Reserve believes that the overall economy is still "soundly expanding", the FOMC issued a rare warning in its post-meeting statement that the risks of high inflation and high unemployment are rising simultaneously, making the economic outlook even more confusing.
According to The Information, people familiar with the matter revealed that David Bailey, who advised Trump on cryptocurrency policy during his 2024 campaign, is raising $300 million to set up a publicly traded Bitcoin investment company. He follows a series of companies that have acquired cryptocurrencies in an attempt to replicate the success of Michael Saylor's strategy. Bailey plans to raise $200 million through private placement of new shares and $100 million through convertible bonds.
US Treasury Secretary: Digital assets will demand up to $2 trillion for US Treasury bonds
According to Jinshi.com, U.S. Treasury Secretary Bessant said that the demand for U.S. Treasury bonds from digital assets will be as high as $2 trillion.
Arizona Senate Approves Bitcoin Reserve Bill SB 1373, Sends It to Governor
According to Bitcoin News, the Arizona Senate approved the Bitcoin Reserve Bill SB 1373 and sent it to Governor Katie Hobbs for final decision. Earlier news came that the Arizona governor vetoed the state’s strategic Bitcoin reserve bill SB 1025.
Vaulta: EOS tokens will become A tokens on May 14, with a 1:1 exchange ratio
Web3 bank Vaulta (formerly EOS) announced on the X platform that EOS tokens will become A tokens on May 14. The exchange ratio is 1:1, the token economics remain unchanged, there is no exchange fee, and the exchange can be completed on May 14 through official channels. Earlier news, EOS transformed into a "web3 bank" and changed its name to Vaulta, and planned to launch a new token. Related reading: EOS failed to "leave": renamed Vaulta to transform into a "Web3 bank" to prepare for the ecological project exSat.
sns.sol will distribute 2 billion SNS in the Genesis airdrop, accounting for 20% of the total supply
Solana domain name service sns.sol (formerly Bonfida) announced that as part of the initial deployment, 2 billion SNS tokens (20% of the total supply) will be distributed in the SNS Genesis airdrop. Among them, 1.5 billion tokens will be airdropped to approximately 275,000 wallets that hold at least one .sol domain name at the time of the snapshot. 500 million tokens will be distributed to ecosystem partners who help the SNS community grow and support. Earlier news, sns.sol announced the SNS token economics: airdrop accounts for 40%.
According to Cointelegraph, the decentralized stablecoin protocol Lista DAO announced a strategic partnership with World Liberty Financial (WLFI), a crypto project of the Trump family. The two parties will jointly enhance the DeFi accessibility and practicality of the BNB Chain ecosystem. This cooperation will combine the professional advantages of the two institutions to provide users with more opportunities to access stablecoins and advanced lending mechanisms. The cooperation has achieved initial results, and the Lista Lending platform has launched the USD1 lending vault service. The service allows users to borrow USD1 stablecoins at a preferential interest rate of 0.39% by pledging a variety of assets (including BTCB, WBNB, slisBNB and ETH, etc.). At the same time, USD1 holders can also deposit it into the platform to participate in Lista DAO's BNBFi launchpool strategy. In the future, the two parties plan to further deepen their cooperation, including launching new features such as the USD1/lisUSD liquidity pool and accepting USD1 as a collateral asset on Lista DAO's CDP platform. Users holding veLISTA tokens will enjoy a discount on borrowing interest rates. Lista DAO said it will continue to develop innovative financial tools to meet the changing needs of users.
Eric Trump: I hold a lot of Bitcoin, and Trump also holds a lot
According to Bloomberg, Eric Trump, executive vice president of the Trump Group and Trump's son, said at the Token2049 event in Dubai: "I like Bitcoin. I firmly believe that it is digital gold. I hold a lot of Bitcoin myself, and Trump (his father) also holds a lot. And I think Bitcoin will grow exponentially in the next few years. Personally, this is a big bet for me." In addition, Eric Trump said that World Liberty's mission is to "take over the financial world." As for what services World Liberty hopes to provide and how to achieve this goal, it is still unknown. Trump said that the project aims to repair and modernize a "collapsed" financial system. He believes that World Liberty will become one of the "fastest growing" encryption projects in the future. He said: "Just wait and see what happens in the next two months. See what we will do."
Binance will launch the Alpha Points consumption mechanism from May 13
According to Binance's official announcement, Binance will launch an Alpha points consumption mechanism starting from May 13, 2025. According to this mechanism, if a user successfully participates in a token generation event (TGE) or receives an airdrop, the system will deduct a certain number of Alpha points.
Doodles (DOOD) to be listed on Binance Alpha and Binance Futures
According to the official announcement, Binance Alpha will launch and open trading of Doodles (DOOD) on May 9, 2025. In addition, Binance Futures will launch DOODUSDT perpetual contracts on May 9, 2025, with a maximum leverage of 50x. The specific trading time will be announced on May 9, 2025. Binance is the first platform to announce the opening of Doodles (DOOD) contract trading and display DOOD tokens on Binance Alpha. As a launch benefit, all eligible Binance Alpha points users will receive DOOD token airdrops within 10 minutes of the start of trading. The number of token airdrops will be announced on May 9, 2025. Starting from May 13, 2025, Binance will launch an Alpha points consumption mechanism. According to this mechanism, if a user successfully participates in the Token Generation Event (TGE) or receives an airdrop, the system will deduct a certain number of Alpha points.
Musk and Garry Tan embrace the "Mog/Acc" identity, driving MOG coin prices up
According to CoinDesk, MOG Coin, a meme coin on Ethereum and Base, is causing a cultural trend among the tech elite. This token based on Ethereum and Base chain combines "mogging" (online slang, meaning to become stronger and faster) with "accelerationism" to form a unique "mog/acc" cultural movement. Opinion leaders from Y Combinator founder Garry Tan to Musk have put on the iconic Pit Vipers colorful sunglasses avatar, driving the token up 11% this week and more than 130% in the month. The philosophy of accelerationism advocates promoting technological change at all costs, and mog/acc transforms it into a spreadable visual symbol through memeization. Solana ecosystem projects such as Raydium and Jupiter have joined the movement and changed their official avatars to cats or mascots wearing Pit Vipers. Some developers even made robots that automatically generate mog/acc-style avatars, which went viral within hours of going online. This is an interesting contrast to the "defensive accelerationism" (d/acc) proposed by Ethereum founder Vitalik Buterin in 2023, which emphasizes that technological development must avoid greedy paths. mog/acc completely strips away the theoretical shell and uses Meme to build the Internet's native identity. Analysis points out that this practice of transforming abstract philosophy into wearable symbols is replicating the dissemination path of Dogecoin's "Shiba Inu Spirit" back then.
DeFi protocol Resolv announced token economics. The utility of RESOLV tokens includes governance access, double rewards, increased points multipliers and long-term staking multipliers. The total supply of RESOLV tokens is 1 billion, of which 10% will be used for airdrops in the first quarter, 40.9% for the ecosystem and community, 26.7% for the team and contributors, and 22.4% for investors. The RESOLV token is about to undergo a TGE, which will be open for registration in the first half of May. There will be a one-week registration period (both points program participants and Resolv recipients are eligible), and registered users will be screened before the airdrop officially begins to detect witch attacks and bad actors. The token collection page will last for 30 days after it goes online. Earlier in April, it was reported that Resolv Labs completed a $10 million seed round of financing, led by Cyber.Fund and Maven11.
