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According to BlockBeats, Federal Reserve Chair Jerome Powell has stated that the economy is in a stable condition, with inflation having significantly decreased. The current inflation rate is slightly above the 2% target level, and the labor market has reached or is near maximum employment.

According to BlockBeats, the U.S. stock market has continued its downward trend, with the Nasdaq Index declining by 1.00%. This movement reflects ongoing volatility in the market, as investors navigate various economic factors influencing stock performance.

According to Odaily, former Federal Reserve Vice Chair Richard Clarida has stated that the market has priced in the likelihood of an economic recession at between 40% and 50%.

According to Odaily, futures contracts tied to the Federal Reserve's policy rates have rebounded following the announcement of the interest rate decision. The current pricing indicates a 30% probability that the Fed will cut rates by 25 basis points as early as June, slightly higher than the earlier estimate of 27%. Based on futures prices, there is approximately a 75% chance of a rate cut by July.

According to Odaily, the U.S. Dollar Index (DXY) experienced a short-term decrease of 10 points, currently standing at 99.49.

According to Odaily, Federal Reserve officials noted in their May policy statement that the GDP growth for the first quarter turned negative. Despite this, the Federal Reserve's policy committee still considers the underlying economy to be strong. They identified significant fluctuations in trade statistics as the primary cause for the GDP contraction in the first quarter, with imports surging ahead of new tariffs. The statement highlighted that, although net export volatility affected the data, recent indicators suggest that economic activity continues to expand at a robust pace. However, the new language in this month's policy statement also acknowledges that the risks of rising unemployment and inflation have intensified.

According to BlockBeats, following the Federal Reserve's recent interest rate decision, traders continue to expect a rate cut by July. The market still anticipates three rate reductions within this year.

According to BlockBeats, the Federal Reserve reiterated its focus on the risks associated with its dual mandate in a recent FOMC statement. The statement emphasized that uncertainty regarding the economic outlook has "further increased." While the unemployment rate has stabilized and the labor market remains resilient, the risks of high unemployment and inflation have risen. Despite fluctuations in net exports affecting data, economic activity continues to expand at a "robust pace."

On May 07, 2025, 18:09 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 96,000 USDT and is now trading at 95,987.40625 USDT, with a narrowed narrowed 1.48% increase in 24 hours.

On May 07, 2025, 17:53 PM(UTC). According to Binance Market Data, Ethereum has dropped below 1,800 USDT and is now trading at 1,791.689941 USDT, with a narrowed narrowed 1.42% increase in 24 hours.

According to BlockBeats, U.S. Treasury Secretary Scott Besant recently emphasized that the United States should be the preferred destination for digital assets. His remarks come amid intense legislative debates over the establishment of a regulatory framework for cryptocurrencies. During a House Financial Services Committee hearing on Wednesday, Besant was questioned about the necessity for the U.S. to maintain a leading position in the crypto sector. He affirmed, "We firmly believe that the U.S. should be the primary destination for digital assets." Besant highlighted the ongoing efforts by the committee and Senate colleagues to develop a comprehensive market structure, aiming to set U.S. industry standards as a global benchmark.

On May 07, 2025, 16:07 PM(UTC). According to Binance Market Data, BNB has dropped below 600 USDT and is now trading at 599.76001 USDT, with a narrowed narrowed 0.25% increase in 24 hours.

According to Foresight News, a leading contributor to the Uniswap DAO, known as Pepo, has resigned due to concerns over the concentration of power among other stakeholders, particularly the Uniswap Foundation. Pepo expressed that the actions of the Uniswap Foundation prioritize the DAO's interests over those of the Foundation itself and Uniswap Labs. Pepo, an anonymous representative, has been involved in Uniswap's governance since 2023, representing other token holders in voting matters. He holds 455,000 UNI tokens, making him one of the top 20 largest representatives. Devin Walsh, the Executive Director of the Uniswap Foundation, emphasized the importance of representative participation for the success of the Uniswap ecosystem. Walsh stated that the Foundation highly values the feedback from these representatives.

According to PANews, the governance token ARB of Ethereum's Layer 2 network, Arbitrum, has experienced a significant price drop of 71% over the past year, leading to a sharp decline in DAO voting participation. In response to this challenge, the Arbitrum community is contemplating reducing the minimum voting threshold for proposal approval from 5% to 4.5% to revitalize governance activity. This move comes amid a growing governance participation crisis, with data indicating a 50% decrease in Arbitrum's governance engagement over the past year, alongside an 87% drop in token price from its historical peak. Community representatives have noted that when token holders face substantial losses, their motivation to engage in governance naturally diminishes. This situation not only affects routine decision-making but also risks preventing quality proposals from passing. Some representatives support lowering the threshold as a temporary measure, but the core issue remains the ecosystem's lack of tangible value to retain token holders.

According to Odaily, Adam, a macro researcher at Greeks.live, shared insights in an English community briefing, highlighting a bearish sentiment among group members. Traders are preparing for a possible downward trend, with several members closely monitoring Bitcoin's price range between $93,000 and $99,000. The current market volatility has led to a lack of enthusiasm among participants.

According to BlockBeats, U.S. Treasury Secretary Besant has declined to disclose which countries the United States might reach trade agreements with this week. Besant stated that revealing such information could harm U.S. interests.

According to BlockBeats, market data indicates that the Nasdaq 100 Index has erased earlier gains, reaching its lowest point during the trading session with a recent decline of 0.2%.

According to PANews, Apple is considering the integration of artificial intelligence search capabilities into its browser, as stated by Apple's Senior Vice President, Cue. This development highlights the company's ongoing efforts to enhance user experience through advanced technology.

According to Foresight News, U.S. Treasury Secretary Besent has stated that the demand for U.S. Treasury bonds driven by digital assets could reach $2 trillion. This significant figure underscores the growing influence of digital assets on traditional financial markets. The integration of digital assets into the financial ecosystem is expected to have substantial implications for the demand and management of U.S. government debt. As digital assets continue to evolve, their role in shaping economic and financial strategies remains a key area of focus for policymakers and financial institutions.

According to Odaily, the Arizona Senate has approved the Bitcoin Reserve Bill SB 1373, which now awaits the final decision from Governor Katie Hobbs. Previously, Governor Hobbs had vetoed another strategic Bitcoin reserve bill, SB 1025.