AICoin Daily Report (May 3rd)

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16 hours ago

1. U.S. April Job Additions Exceed Expectations

Shortly after the news was released, the price of Bitcoin slightly dropped to $96,700. -Original

2. U.S. Non-Farm Employment Increased by 177,000

The U.S. released its April non-farm data, showing an increase of 177,000 jobs, surpassing the expected 130,000; the unemployment rate recorded at 4.2%, in line with expectations. -Original

3. Trump Suggests the Federal Reserve Lower Interest Rates

Trump stated, "Gas prices have fallen below $1.98 per gallon, the lowest in years, food (including eggs!) prices are down, energy prices are down, mortgage rates are down, employment is strong, and more good news is coming as tariffs have brought in billions of dollars in revenue. As I said, we are just in a transition phase, just getting started! Consumers have been waiting for prices to drop for years. With no inflation, the Federal Reserve should lower interest rates!" -Original

4. Senator Lummis Advocates for Bitcoin Legislation

5. MicroStrategy Plans to Increase Bitcoin Holdings

According to Odaily Planet Daily, Walter Bloomberg (@DeItaone) reported on X platform that MicroStrategy announced the "42/42 Plan," aiming to raise $8.4 billion over the next two years to purchase Bitcoin, following last year's "21/21 Plan" with a $4.2 billion investment. The company reported a loss of $4.23 billion in the first quarter (or $16.49 per share), with revenue declining by 3.6% to $111.1 million, below expectations. -Original

6. UK Plans to Ban Borrowing to Invest in Cryptocurrencies

UK financial regulators plan to prohibit retail investors from borrowing money to invest in cryptocurrencies like Bitcoin, as they attempt to bring the rapidly growing digital asset market under regulatory oversight for the first time. The restrictions on loans for cryptocurrency purchases are part of a comprehensive set of rules released by the Financial Conduct Authority on Friday, just days after the UK government proposed legislative plans for the digital asset market. -Original

7. Tether to Launch Payment Product

Tether CEO Paolo Ardoino revealed in an interview with CNBC that the company will launch a unique new product, likely a payment product, with the goal of creating a product that can be used by institutions and compete with PayPal's CashApp. -Original

8. Kraken's Trading Volume Grows by 29%

The exchange reported an adjusted EBITDA of $187 million, a 1% increase from the previous quarter and a 17% year-over-year increase. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

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