BNB Chain launches MindPress data trading platform, supporting multiple digital assets

SoSo Daily May 16 | The U.S. SEC Releases FAQs on Crypto Asset Activities and Distributed Ledger Technology

"The stablecoin of the U.S. President's family" is quietly rising. The DeFi project WLFI, led by the Trump family, launched the stablecoin USD1, which has been deployed to the Ethereum, BNB Chain, and Tron public chains within a month. It has been integrated into over 10 protocols, with a market cap exceeding $2.1 billion, making it the fifth-largest stablecoin by market cap globally. USD1 is 100% collateralized by U.S. short-term Treasury bonds and cash assets, with BitGo as the custodian. Eric Trump, the son of Donald Trump, is in charge of operations, and Justin Sun has invested $75.00 million in support. What's generating even more discussion is that the Abu Dhabi investment firm MGX is using USD1 to complete its $2.00 billion investment in Binance, a collaboration personally confirmed by Changpeng Zhao. On-chain data shows that DWF Labs is providing liquidity for USD1 and subscribing to $25.00 million worth of WLFI tokens. Several leading DeFi protocols have also quickly integrated it, including Venus, Meson Finance, Lista DAO, and Pyth Network. Centralized exchanges HTX and MEXC have also listed USD1/USDT trading pairs. Furthermore, USD1 has entered Web3 commercial consumption scenarios, supporting platforms including Umy (global hotel booking), TokenPocket, HOT Wallet, and Pundi X. It has also launched wallet user airdrop test governance proposals, with a voting support rate as high as 99.96%. USD1 is positioned as a "digital dollar" serving institutions and sovereign wealth funds, targeting the three core applications of cross-border payments, DeFi settlement, and off-chain consumption. As WLFI announces that it is promoting integration with traditional POS systems, this "President's family coin" is rapidly becoming a variable in the stablecoin landscape.

SoSo Daily May 16 | Powell: The Federal Reserve Reviews Monetary Policy Framework and Adjusts Average Inflation Targeting Strategy

Weekly Market Update ☀️ Markets climb on tech strength and easing tariffs — while crypto pops and M&A heats up. Let’s break it down 👇 -------------------------------------------------------------------- • Weekly Moves in Global Equity Markets and Gold 🏦 ➡️ Global equity markets posted modest gains over the past week, with notable strength in U.S. technology stocks. The Nasdaq 100 climbed from 19,867 on May 7 to 21,319 by May 14, marking a robust gain of approximately 7.3% for the period. The rally was led by large-cap technology names, with the Nasdaq Composite recording its sixth consecutive winning session by May 14, buoyed by strong performances from companies like Super Micro Computer, Nvidia, and AMD. ➡️ The S&P 500 advanced slightly, closing at 5,892 on May 14, which was flat from last week’s levels. European equities followed the Nasdaq, supported by positive earnings and improved sentiment around trade relations. The Euro Stoxx 50 index rose from 5,286 on May 7 to 5,500 currently, a gain of roughly 3.89%. ➡️ Gold prices declined by 6.1% over the past seven days, cooling off from their multi-month rally. The commodity space, however, saw some softness in oil, as West Texas Intermediate futures slipped 1.2% to $62.90 per barrel on May 14. ➡️ Bitcoin (+6.6%) is consolidating above the $100,000 level after a strong upward move on Friday, currently changing hands for $103,573. The GMCI 30 ($GM30), an index of the top 30 digital assets, stands at 166 (+11.8%), showing increased interest in risk-on assets that follow Bitcoin's positive trajectory. -------------------------------------------------------------------- • Macro Environment, Economic Data, Policy Decisions, and Bitcoin ETF Flows 🪙 ➡️ The macro backdrop this week was dominated by a mix of resilient economic data and evolving policy headlines. In the U.S., the April jobs report exceeded expectations with 177,000 new jobs created and the unemployment rate steady at 4.2%, reinforcing the labor market’s strength. The ISM services index also beat forecasts, rising to 51.6 from 50.8, signaling ongoing expansion in the services sector. These positive data points tempered expectations for imminent Federal Reserve rate cuts, though markets still anticipate easing later in the year as the impact of tariffs unfolds. ➡️ On the policy front, the U.S. announced a reduction in the “de minimis” tariff on small-value Chinese shipments from 120% to 54%, effective May 14, following a bilateral agreement to de-escalate trade tensions. This move is part of a broader rollback of tariffs imposed since early April, aiming to ease friction between the two largest economies. Equity markets responded positively to the prospect of improved U.S.-China relations, though some caution remains amid ongoing geopolitical uncertainty. -------------------------------------------------------------------- • Sector-Specific Insights 🔍 ➡️ After Ethereum's successful Pectra Upgrade last week, $ETH jumped higher, currently up 56.6% over the past 30 days. Analysts at Bernstein attributed the rally to an impending boom in stablecoin products, increased Layer 2 usage, and an unwind of $ETH short positions. GMCI's Ethereum Ecosystem index (+19%) was only beaten by GMCI's Solana Memes Index this week, climbing +22%.. ➡️ M&A activity has also seen a surge thanks to Coinbase's acquisition of crypto derivatives exchange Deribit, in a deal worth $2.9 billion. Robinhood enters the Canadian market by acquiring crypto trading platform WonderFi for $179 million, Stripe bets big on US Dollar stablecoins following its $1.1 billion acquisition of Bridge, and Meta voices its plans to enter the stablecoin market again. ➡️Overall sentiment has shifted considerably over the past few weeks. It has revealed that the tide lifts all boats, but not to the same degree. Comparing price movements over the past 30 days across GMCI's index offering, one can see the Cosmos Ecosystem (+21.4%), DeFi (+27.4%), and U.S. (+27.8%) indices on the lower end, compared to the Solana Memes (+76.1%), AI (+64.1%), and Meme (+59.8%) indices at the top. If you would like to track market movements in real-time, check out our website https://t.co/VJy5ijScWl or head to https://t.co/H3HvkLI8mH to stay informed. See you next week!

Chainlink collaborates with JPMorgan, Kinexys, and Ondo Finance to promote asset tokenization and accelerate capital flow

Wu Shuo Daily Selected Crypto News - US April PPI Year-on-Year Recorded 2.4%, Declining for the Third Consecutive Month

[May 15: CRYPTO MARKET UPDATE-2] • The Most Published News @Coinbase revealed that the data breach stemmed from bribed customer service employees, resulting in the exposure of sensitive user information. The company expects to pay between $180 million and $400 million in compensation to its affected users. Additionally, @Coinbase has terminated the involved employee, initiated a criminal lawsuit, and offered a $20 million reward for leads to apprehend the attacker. • Current Market Trends Strong Institutional Inflows Fuel Bitcoin ETFs: U.S. spot Bitcoin ETFs attracted over $319 million in net inflows on May 14, led by BlackRock’s IBIT ETF with $233 million. Total ETF assets now exceed $121 billion, underscoring sustained institutional appetite even amid short-term price volatility. Public Companies and Corporates Are Rapidly Accumulating Bitcoin: Corporate Bitcoin holdings surged 154% in a year, with over 2,000 companies increasing exposure. Public corporate BTC purchases in 2025 alone surpass estimated new annual supply, showing strong institutional positioning and supply tightness. • Regulations and Policies Regulatory Leadership and Policy Shifts in the U.S.: CFTC Commissioner Summer Mersinger will soon lead the Blockchain Association amid ongoing debates over SEC vs. CFTC jurisdiction. SEC Chair Paul Atkins advocates for a rational framework to make the U.S. a global crypto hub, reflecting a regulatory pivot toward clearer guidelines and more industry collaboration. South Korea’s Presidential Hopefuls Back Bitcoin ETFs: Leading presidential candidates in South Korea have publicly supported legalizing Bitcoin ETFs and institutional crypto investments, indicating a potentially significant regulatory shift that could open South Korea’s market for broader crypto participation. Stablecoin Regulation Encounters Political Controversies: Despite bipartisan support for the GENIUS Act, Senate debates are influenced by concerns over President Trump’s crypto ventures, delaying the bill’s passage. The bill’s goal is to provide consumer protection and transparency without singling out specific players. • Technology and Innovation @Ethereum Foundation Launches Trillion Dollar Security Initiative: Ethereum’s new multi-phase security program aims to strengthen network safety to protect trillions in assets, improving smart contract, wallet, and infrastructure security in response to increasing institutional demands. @Solana’s Confidential Balances Enhance Privacy and Compliance: Solana’s release of Confidential Balances employs advanced cryptography to hide transaction amounts while permitting regulatory oversight, potentially accelerating institutional adoption by balancing privacy needs with compliance. • Institutional Investor News @PanteraCapital and @Strategy Highlight Long-Term Bitcoin Upside: Pantera’s Dan Morehead and firms like MicroStrategy emphasize Bitcoin’s multi-decade growth potential, with bold price forecasts up to $1 million and beyond driving institutional conviction. Abraxas Capital Shifts to Ethereum, Holds $561M: Abraxas’s strategic pivot favoring Ethereum over Bitcoin reflects growing institutional belief in ETH’s ecosystem, signaling increasing diversification in digital asset portfolios. @Coinbase Strengthens Acquisition Strategy Post Deribit Purchase: Coinbase CEO @brian_armstrong confirmed ongoing M&A plans to expand the firm’s international footprint and product range, leveraging its strong balance sheet and recent $2.9 billion acquisition of Deribit. • Market Forecasts and Expert Opinions Arthur Hayes (@CryptoHayes) stated he has re-entered cryptocurrencies at market lows and believes it's an ideal time to pick quality altcoins that could outperform Bitcoin. He is specifically bullish on two projects, $PENDLE and $ETHFI. Hayes predicts that foreign capital inflows and depreciating US bonds will propel Bitcoin to $1 million by 2028, although he also sees short-term tactical shorting opportunities due to policy uncertainties. • Security and Hacking News Telegram Cracks Down on Massive Chinese Crypto Crime Networks: Telegram disabled thousands of channels linked to Xinbi Guarantee and Haowang Guarantee marketplaces facilitating over $35 billion in illicit $USDT transactions, highlighting industry-wide risks from well-organized money laundering and darknet activities. @Coinbase Faces Data Breach and Extortion Incident: An insider data leak led to a $20 million ransom demand, which Coinbase refused to pay. The company is working with law enforcement and compensating affected customers, underscoring ongoing security challenges even among top exchanges. • Conclusion Today’s key themes revolve around stablecoins moving into mainstream financial infrastructure and the growing institutional embrace of Bitcoin and Ethereum, reflected in significant ETF inflows and corporate accumulation. Regulatory landscapes are shifting with bipartisan efforts to finalize stablecoin legislation amid political complexities and leadership changes in U.S. agencies. Technological advances like Ethereum’s security initiative and Solana’s privacy upgrades indicate maturing crypto infrastructure supporting broader adoption. Landmark institutional transactions such as JPMorgan’s public blockchain treasury trade highlight integration with traditional finance. Investors should monitor regulatory developments closely, consider the impact of increasing institutional demand on supply dynamics, and remain vigilant about security risks as the ecosystem evolves. A balanced strategy incorporating stablecoins, Bitcoin, and Ethereum exposure appears advisable against a backdrop of macroeconomic uncertainty and evolving policy frameworks. Daily crypto market update is an AI summarization of important news published in major crypto media in the last 24 hours at the time of sending. The full news story can be found at the URL below. https://t.co/zokRJWaGRk

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BiyaPay Connects USDT with Global Securities Markets, App Registered Users Surpass 1 Million

📉 100,000 Bitcoin transferred off exchanges in 3 weeks, signaling bullish sentiment 💸 According to Cointelegraph, 100,000 $BTC have been transferred off exchanges in just three weeks. 📆 Notably, on May 9, 2025, Coinbase, the world’s third-largest cryptocurrency exchange, recorded its highest daily outflows of Bitcoin of the year. Specifically, a total of 9,739 $BTC (worth over $1 billion) was withdrawn from the platform. 📊 Meanwhile, Bitcoin’s “illiquid supply” reached a record 14 million $BTC, according to Glassnode data, signaling that large investors continue accumulating. 🏦 Growing demand from institutional investors and corporations may lead to a diminishing Bitcoin supply on exchanges, signaling a potential price rally driven by a “supply shock.” 📈 Trade $BTC and 500+ other digital assets: https://t.co/WezajafiJU

Chainlink Co-founder Nazarov: Asset Tokenization Will Accelerate Capital Flow and Drive Transformation of Traditional Markets

TradeFi Asset Trading Platform UniMex Launches Seed Round Subscription

Beware of the Trap Disguised as RWA "Financial Freedom": Revealing 10 Harsh Truths

MEMO is joining forces with SoonChain to shape the future! 🚀 @soonchain_ai is an AI-powered game L2 that is revolutionizing Web3 game development! 🎮 Our partnership will focus on 4 key areas that will power SoonChain: 💾 Game Data Storage: Provide secure and reliable decentralized storage. 🧠 AI Data Management: Integrate AI data management solution to enhance game intelligence. 🔗 Digital Asset Cross-Chain: Enable seamless cross-chain interoperability of digital assets. 💡 DePIN arithmetic support: provide decentralized arithmetic resources.

Analyst: Investors Turn to Mainstream Altcoins During Monthly Rebound

Kima joins Mastercard Sandbox to support stablecoin top-up prepaid cards

Disruption of Traditional Financial Stock Markets: How Decentralized Finance Drives Fairness and Accessibility

Which states in the United States have rejected the Bitcoin reserve bill?