Cosmos Hub announced on the X platform that Proposal 914 has been approved by the community, which means that the v16 software upgrade will be implemented. Cosmos Hub stated that the upgrade will be executed on block 20440500 (expected on May 15).
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Friend.Tech launched version 2 of its platform and airdropped its native token, FRIEND, which initially saw its price rise to $169 before plummeting to $2.5 due to liquidity issues. The new version of the platform includes the Money Club feature, which provides a space for financial discussion and networking, and a new point system. At present, crypto assets worth $29.8 million are locked in Friend.Tech, down from the peak of $52.04 million in early October. The airdrop was a "concentrated airdrop," with leading creators taking the most supply home, leaving retail investors with less than expected.
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On May 3rd, the first batch of 6 Bitcoin and Ethereum spot ETF funds launched in Hong Kong today with a total transaction amount of approximately HKD 47.1 million, including:Huaxia Bitcoin ETF (3042. HK) reached HKD 12.65 million;Huaxia Ethereum ETF (3046. HK) reached HKD 2.97 million;ChinaAMC Bitcoin Spot ETF (3439. HK) reached HKD 19.11 million;ChinaAMC Ethereum Spot ETF (3179. HK) reached HKD 1.11 million;Foresight HashKey Bitcoin ETF (3008. HK) had a transaction amount of approximately HKD 10.08 million;Foresight HashKey Ethereum ETF (3009. HK) reached HKD 1.18 million.
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According to data from The Block Pro, reported by Jinse Finance, the stablecoin on-chain transaction volume increased by 23.7% after the April adjustment, reaching a historical high of $1.1 trillion; the supply of stablecoins issued has also increased by 2.8% to reach $141.2 billion, with the market share of the US dollar stablecoin USDT increasing to 77.83%, while the market share of USDC has slightly decreased to 18.1%. However, the total on-chain transaction volume of Bitcoin and Ethereum after the April adjustment decreased by 30.5% to reach $408 billion, with the on-chain transaction volume of Bitcoin dropping by 30.85% and the on-chain transaction volume of Ethereum dropping by 30.2%.
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TheDataNerd has monitored that in the past 12 hours, three wallets (possibly belonging to one whale) have deposited 433,000 LINK tokens (worth about $6.2 million) into Coinbase. These wallets accumulated about 144,000 LINK tokens 2-3 weeks ago, with an average entry price of $14. If they sell all of their tokens at the current price, these wallets will make a profit of about $BTC #BNB挖礦

According to Whales Market information, EIGEN futures are now reported at $8.53, with a 24-hour increase of 14.7%.
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Cyvers Alerts system monitoring showed that in November of last year, the Polish exchange fell victim to a security vulnerability, losing about $125 million worth of hot wallets. Today, hackers deposited 1,126 ETH (worth $3.4 million) into Tornado.cash.
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The Digital Chamber of Commerce, a cryptocurrency trading association, condemned the SEC's submission of a Wells notice to Robinhood Crypto. In a statement released on May 6th, the association expressed "deep disappointment and concern" about this action and called it an example of excessive regulation.
The Digital Chamber emphasized that it has always opposed the SEC's expansion of its jurisdiction without congressional authorization. It noted that Congress is actively considering legislation to define regulatory jurisdiction over cryptocurrencies and that the SEC has violated this process.
To address the jurisdictional issue, the Digital Chamber urged "immediate legislative action" and called for SEC Chairman Gary Gensler to be compelled to testify before Congress.
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The Chicago Board Options Exchange (CBOE) has proposed to modify the rules of its exchange-listed and traded Franklin Bitcoin ETF. This modification aims to adjust the time when purchase orders for cash trading creation baskets must be submitted. The proposal is made under BZX Rule 14.11(E)(4) and specific details have not been disclosed yet, but this move may affect the timing of traders' ETF purchases.
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According to PUBLIC CITIZEN, a cryptocurrency industry-backed super PAC has raised over $102 million, ranking third among all super PACs participating in the 2024 election. More than half of the political funds for the cryptocurrency super PAC (about $54 million) come from direct corporate spending, mainly from Coinbase and Ripple Labs.It is reported that four of the eight corporate cryptocurrency super PAC donors have settled or face charges from the US Securities and Exchange Commission (SEC) for alleged violations of securities laws, with Ripple Labs alone facing a fine of nearly $2 billion.
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According to ChainArgos monitoring, on May 7th, Tether issued a total of $34 million USDT and redeemed $68 million USDT.
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10x Research stated on X platform that the current cryptocurrency bull market cycle may be shorter than previous cycles and is unlikely to reach its climax during a widespread rebound in altcoins, despite daily trading volumes exceeding $100 billion and cryptocurrency projects rapidly developing and updating. However, the growth potential of the industry is still greatly limited; real-time on-chain analysis keeps cryptocurrency traders engaged, contrasting with traditional stock investors who wait for quarterly returns. Nevertheless, challenges facing the cryptocurrency market may limit the breadth and duration of the bull market. In the next ten weeks, nearly $2 billion worth of tokens will be unlocked in succession, which may lower the market price of altcoins.
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Jupiter founder meow posted on social media that he has been intensively making some more basic backend improvements to Jupiter to improve the core system. Expected improvements include (but are not limited to):Perp latency: How to reduce latency and increase normal operating time;Token search: Easily filter, search, and sort millions of new tokens that are coming soon;Routing: Quickly integrate tokens and market sets into Jupiter's routing engine and automatic slippage engine, while improving the problem of transient false routing;Safety and convenience: Maintaining a balance between making transactions as secure as possible while remaining as convenient as possible.
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Kenyan President William Ruto announced that the government has appointed Bitcoin miner Marathon Digital as an advisor to discuss cryptocurrency regulations with the Kenyan Ministry of Finance and Energy. Marathon Digital will also discuss energy requirements related to cryptocurrency mining with the Energy Ministry.
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