AICoin Daily Report (May 21)

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10 hours ago

1. Texas Establishes Bitcoin Reserve Through Second Reading

2. Musk Plans Dinner with Trump

Odaily Planet Daily reports that Musk stated he plans to have dinner with U.S. President Trump in Washington this week. -Original

3. Fed Officials Indicate Difficulty in Lowering Interest Rates in the Short Term

Several Federal Reserve officials, including Vice Chair Jefferson, New York Fed President Williams, and Atlanta Fed President Bostic, have indicated that the current economic outlook is unclear, leaning towards a "wait-and-see" approach, with no adjustments to interest rates expected at least in June and July. As a result, investor expectations for a rate cut in June have dropped to below 10%. Officials emphasized the need for more time to assess the impact of tariffs, consumption, and inflation on the economy. The Fed's current stance is cautious, maintaining policy stability in the short term. -Original

4. Bancor Sues Uniswap for Patent Infringement

Bancor has sued Uniswap for infringing on its DEX smart contract technology patent, claiming that Uniswap violated its 2017 patent, which covers the core structure for automatic on-chain token exchanges without centralized intermediaries. The lawsuit seeks an unspecified amount in damages. The lawsuit was filed by the non-profit Bprotocol Foundation, which supports the development of the Bancor protocol, and Bancor's original developer, LocalCoin Ltd. The case has been submitted to the U.S. District Court for the Southern District of New York, accusing the Uniswap protocol of being built on Bancor's patented Constant Product Automated Market Maker (CPAMM) infrastructure. -Original

5. Argentine President Closes Investigation Department for Crypto Scandal

Argentine President Milei has closed the department investigating the $LIBRA cryptocurrency scandal. -Original

6. South Korea and EU Collaborate to Address Crypto Theft

South Korea and the European Union (EU) held the seventh Cyber Policy Council to discuss cooperative measures in the cyber domain to address the growing cyber threats, including North Korea's cryptocurrency theft activities. Both parties agreed that, given the transnational nature of cybercrime, international investigative cooperation, including rapid information sharing, is necessary, and they support strengthening the cyber capabilities of countries in the region. -Original

7. TON Foundation Appoints New Head of Growth

The TON Foundation announced the appointment of Martin Masser as the new Head of Growth. Masser will focus on Telegram Mini Apps, digital asset tokenization, and developer ecosystem growth, thereby expanding TON's influence in the U.S. and European markets. Previously, he served as the Chief Business Development Officer at STON.fi. -Original

8. Ethereum Co-Founder Transfers Large Amount of ETH to Kraken

Ethereum co-founder Jeffrey Wilcke has just transferred 105,736 ETH, worth approximately $262 million, to the Kraken exchange. -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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