[Blockchain News | Summary of important developments on May 10] 12:00-21:00 Keywords: KuCoin, Kraken, Magic Eden, Federal Reserve. 1. Binance and KuCoin successfully obtained registration from the Indian Financial Intelligence Department, demonstrating their influence in the global market; 2. Kraken and the US SEC argued over the wording of "investment concept", showing that the regulation of the digital currency market is becoming stricter; 3. The Thai Securities and Exchange Commission is considering adjusting the capital reserves of digital assets, which may affect the future trend of blockchain investment; 4. NFT trading platform Magic Eden's trading volume exceeded Blur in April, becoming the market leader; 5. Qian Zhimin, the main culprit in the money laundering case involving 60,000 bitcoins, has been extradited to the UK, and his accomplices will be sentenced today; 6. Fed Bostic expects the Fed to cut interest rates only once later this year, which may affect the trend of the cryptocurrency market; 7. The spot trading volume of mainstream cryptocurrency exchanges fell for the first time in 7 months in April, but the market as a whole remained optimistic; 8. Harvest International CEO said that the company is considering allowing mainland investors to invest in its Bitcoin and Ethereum ETFs through the Shanghai-Hong Kong Stock Connect plan, which will further promote the popularity of digital currencies.