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The selling pressure from short-term holders may exasperate a potential dip in September.
This growth is notable, especially since just two months ago, surpassing 100,000 subscribers had already spiked HNT's price by 40%.
The Ethereum Foundation plans to release a financial report “relatively soon” to address community concerns surrounding its spending, according to researcher Justin Drake.Japan’s three major banks, MUFG, SMBC and Mizuho, are set to test a cross-border stablecoin transfer platform dubbed “Project Pax.”U.S. spot Bitcoin ETFs saw $211.1 million in net outflows on Thursday, marking the seventh consecutive day of negative flows totaling over $1 billion.The following article is adapted from The Block’s newslette
DOGS has dipped after its team airdropped 40 billion tokens over the past two days, yet its recent momentum should help it recover soon.
UTB faces a 90-day deadline to overhaul its AML and risk management programs, following an investigation into its crypto clientele practices.
- 22:24Meta considers integrating stablecoins again to reduce payment costs after selling the Diem projectMeta is considering integrating stablecoins to reduce payment costs compared to fiat currency, such as paying Instagram creators. The report states, "The company seems to have not yet determined which specific stablecoin to use." Additionally, Meta has "contacted crypto infrastructure companies to address the cost issues of cross-regional payments." The company has also hired "former Ripple executive Ginger Baker as Vice President of Product." This renewed focus on stablecoins comes as "U.S. regulators have taken a more favorable attitude towards cryptocurrencies after President Trump's inauguration." In 2019, Meta launched the stablecoin project Libra, later renamed Diem, but "due to regulatory pressure, the project was not launched as scheduled and was eventually shut down." The intellectual property of Diem has been sold to Silvergate Bank, and although the bank later declared bankruptcy, "the project continues in new chains like Aptos with the MOVE language, but no longer involves Meta."
- 22:17Trump: Will Use Tariffs to Pressure Countries to Open UpOn May 8, U.S. President Trump: Federal Reserve Chairman Powell may not like me, but even without rate cuts, the U.S. is still performing well. Will use tariffs to pressure countries to open up.
- 22:16Trump Criticizes Fed Again for Not Cutting Rates: Talking to Powell is Like "Playing Music to a Cow"On May 8, U.S. President Trump stated: Everyone except the Federal Reserve is cutting interest rates, and talking to Federal Reserve Chairman Powell is like "playing the lute to a cow," as Powell is always "too late."