According to Golden Finance, Lens Lab, a project led by Stani Kulechov and the team behind Lens Protocol, a Web3 social platform built on Polygon PoS, announced that it is now developing its own blockchain network Lens Network. The new network will be built on Matter Labs' ZK Stack and powered by zkSync on Ethereum.

Golden Finance reported that the U.S. crypto industry is influencing the upcoming election by investing huge sums of money in Washington, where crypto political action committees such as Fairshake have raised tens of millions of dollars to support crypto-friendly candidates. These efforts have been successful in some key campaigns and attracted attention in Washington. Not only that, the attitudes of candidates are also changing, and even crypto skeptics, such as Senator Sherrod Brown, have expressed a willingness to consider crypto legislation. Although voters who hold cryptocurrencies tend to prefer Trump to be elected president, industry insiders are divided on whether Trump's presidency is actually more conducive to cryptocurrencies.

Golden Finance reported that according to official news, Coinbase has included Drift Protocol (DRIFT) in its coin listing roadmap. Previously, Coinbase decided to list the assets that have been decided to be launched in advance and move them to the roadmap in order to improve asset transparency.

Golden Finance reported that Israeli fintech company Kima and Mastercard's FinSec Innovation Lab launched a project to develop a use case that connects decentralized finance (DeFi) tools and traditional services such as credit cards and bank accounts. It described the project as making "DeFi credit cards" a reality. The Israel Innovation Authority is supporting the project.

Golden Finance reported that according to Lookonchain monitoring, one hour ago, a whale sold 440,121 WIFs at an average price of $2.92 in exchange for 9,000 SOLs (US$1.3 million).

Golden Finance reported that according to Lookonchain monitoring, the data of US spot Bitcoin ETF on May 14 showed that Grayscale GBTC reduced its holdings of 1,735 bitcoins, worth approximately US$107.36 million. Grayscale currently holds a total of 289,349 bitcoins, worth approximately US$17.9 billion; Fidelity increased its holdings of 612 bitcoins, worth approximately US$37.87 million, and currently holds a total of 153,624 bitcoins, worth approximately US$9.5 billion; 9 Bitcoin ETFs reduced their holdings of a total of 351 bitcoins, worth approximately US$21.7 million.

Golden Finance reported that Galaxy Digital, a financial services company focusing on digital assets, saw a significant increase in revenue and profit in the first quarter, thanks to the growth of its mining business revenue. Specifically, Galaxy Digital's net profit in the first quarter increased to US$421.7 million ($1.23 per share), an increase of about 214% over the same period last year; the company's revenue increased from US$146.7 million in the same period last year to US$259.7 million; by company business scope, Galaxy's mining business revenue was US$31.5 million, which was the driving force behind most of the company's overall revenue growth in the first quarter. In April, Galaxy raised US$125 million, which was reserved for expanding its trading business and developing mining infrastructure.

Golden Finance reported that Michael Novogratz, founder of digital asset financial services company Galaxy Digital Holdings Ltd., said that Bitcoin may continue to remain in a relatively narrow trading range during the current quarter, while the adoption of cryptocurrencies in traditional finance continues. Novogratz said in a conference call after the company released its first-quarter earnings report on Tuesday: "We are now in a consolidation phase for cryptocurrencies. The price of Bitcoin may be between $55,000 and $75,000."

Golden Finance reported that Federal Reserve Chairman Powell said the Fed needs to be patient and wait for more evidence that high interest rates are curbing inflation, thus doubling the need to keep interest rates high for a longer period of time. Powell expects inflation to decline on a monthly basis, but the first quarter price data has weakened his confidence. The lack of further progress in inflation in the first quarter of the United States is noteworthy. The Fed does not think that it is a smooth road to fight inflation, but recent data is higher than anyone expected. This tells people that they need to be patient and let restrictive policies work.

Golden Finance reported that according to DB, the Wisconsin Investment Committee purchased $99 million of BlackRock iShares Bitcoin ETF IBIT.

[Fed Chairman Powell: Inflation rate is expected to fall month-on-month] Golden Finance reported that Fed Chairman Powell said that the lack of further progress in US inflation in the first quarter is worthy of attention, and the inflation rate is expected to fall month-on-month. The Fed needs to remain patient and let the policy work.

[ECB Governing Council member Knot: June could be a good time for the first rate cut] Golden Finance reported that ECB Governing Council member Knot: June could be a good time for the first rate cut.

Golden Finance reported that Federal Reserve Chairman Powell does not think the next move may be to raise interest rates, and is more likely to maintain the policy interest rate at the current level.

Golden Finance reported that the market showed that RNDR fell below $10 and is now trading at $9.99, with a daily decline of 11.83%. The market is volatile, so please do a good job of risk control.

Golden Finance reported that according to Lookonchain monitoring, a trader exchanged all 206.91 million MEW (US$704,000) for 55.8 million GME 9 hours ago. He spent 9,556 SOL (US$1.76 million) on April 2 and 3 to buy 206.91 million MEW at a price of US$0.008544, losing US$1.06 million.

[FLOKI breaks through 0.0002 USD] Golden Finance reported that FLOKI broke through 0.0002 USD and is currently quoted at 0.0002005 USD, with a 24-hour increase of 8.5%. The market is volatile, so please do a good job of risk control.

Golden Finance reported that according to InsiderTracker data, GameStop CEO Ryan Cohen made nearly $1 billion in profits through GameStop (GME.N) in the stock market in the past two days.

Golden Finance reported that the ecosystem Polkadot team stated that Polkadot has launched asynchronous support for the first time. This enhancement is expected to significantly increase the scalability, cost, speed and flexibility of the network and accelerate the growth of decentralized applications." Asynchronous backup cuts block times in half (from 12 seconds to 6 seconds) , achieving parallel transaction verification block production and increasing the throughput of Polkadot's parachain consensus protocol by 10 times.