AICoin Daily Report (May 7)

CN
AiCoin
Follow
1 day ago

1. New Hampshire Will Allow Investment in Bitcoin

2. BlackRock Acquires 5,613 BTC to Enhance Holdings

BlackRock has once again purchased 5,613 BTC, valued at approximately $529.5 million, bringing its total Bitcoin holdings to 620,252 BTC, worth about $58.51 billion. Since April 21, BlackRock has accumulated a total of 47,064 BTC, with a total value of around $4.44 billion. -Original

3. House Democrats Boycott Crypto Regulation Hearing

Due to tensions arising from President Trump's digital asset disputes, House Democrats boycotted a hearing scheduled for Tuesday titled "The Future of American Innovation and Digital Assets: A Blueprint for the 21st Century," which aimed to discuss how to regulate the cryptocurrency industry. The committee's chief Democrat, Maxine Waters, protested at the start of the hearing, stating that President Trump and his family's deep involvement in the cryptocurrency industry has created "irreconcilable conflicts of interest." She specifically mentioned the meme coins issued by the Trump couple and their supported World Liberty Financial stablecoin project, arguing that this severely impacts the fairness of regulatory legislation. The hearing, hosted by Wisconsin Republican Congressman Bryan Steil, will now be replaced by a roundtable discussion. The controversy surrounding the stablecoin bill GENIUS continues to simmer, which requires stablecoins to be 100% backed by liquid assets like the US dollar and mandates annual audits for projects with a market cap exceeding $50 billion. Although Senate Majority Leader John Thune has stated that a vote will be pushed before May 26, Democratic lawmakers have recently pointed out flaws in the bill, such as insufficient regulation of foreign issuers. Meanwhile, House Republicans unveiled a draft framework for cryptocurrency market regulation on Monday, based on revisions to the FIT 21 bill, aiming to clarify the regulatory boundaries between the CFTC and SEC. -Original

4. Federal Reserve May Delay Rate Cuts to Address Inflation

On the eve of the Federal Reserve's interest rate decision announcement this Thursday, renowned financial journalist Nick Timiraos, known as the "New Fed Communicator," published a report analyzing the dilemma the Federal Reserve faces in responding to the Trump administration's "hasty" tariff policies, suggesting that the Fed may delay rate cuts. The article indicates that the Fed will closely monitor changes in the labor market, using employment data as a key reference for its decisions: "The Fed will not cut rates prematurely due to anticipated economic slowdown; they need to see actual data, especially in the labor market." Tariffs may force the Fed "down a different path," as they could temporarily drive up prices and their uncertainty may slow economic activity, leading to signs of stagflation, which could cause the Fed to delay rate cuts. If inflation expectations spiral out of control, controlling inflation will become more difficult. The article further points out that the "constraints" mentioned by former Fed Governor Brainard have worsened compared to five years ago, as the economy has recently experienced a period of very high inflation. Even if the Fed internally considers rate cuts, it still needs to maintain vigilance against inflation in public to stabilize market expectations. -Original

5. BlackRock CEO Attends Investor Conference

6. Malaysia Seeks Public Consultation on Tokenized Capital Market Products

The Securities Commission Malaysia (SC) today released a consultation paper aimed at gathering public opinions on the regulatory framework draft for tokenized capital market products, with the public consultation period running from May 6, 2025, to June 16. The SC noted that tokenized capital market products digitize traditional financial products such as stocks, bonds, and funds through distributed ledger technology (DLT) and should be distinguished from digital tokens and digital currencies, which are regulated under different frameworks. The SC stated that the development of the regulatory framework is in response to the growing market interest in tokenized products, focusing on the application of DLT in capital markets, including programmable assets, fractional ownership, and enhanced transparency, while ensuring investor protection. The draft also addresses key areas such as public disclosure requirements, governance controls, and technology risk management, proposing additional requirements for relevant licensees. Previously, it was reported that the Malaysian Prime Minister met with CZ to discuss Malaysia's development potential in the digital asset and blockchain industry. -Original

7. Thumzup Plans to Raise $500 Million to Purchase Bitcoin

NASDAQ-listed Thumzup Media Corp has submitted a registration statement to the U.S. Securities and Exchange Commission to increase the maximum total issuance amount of securities from $200 million to $500 million to purchase more Bitcoin. The company's board had previously authorized Thumzup to allocate up to 90% of its liquid assets to BTC as part of its funding strategy. As of May 5, 2025, Thumzup holds 19.106 BTC, with a market value of approximately $1.8 million. -Original

8. UK Denies Plans to Establish National Cryptocurrency Reserve Program

Odaily Planet Daily reports that UK Economic Secretary Emma Reynolds has made it clear that the country will not follow the U.S. in establishing a national cryptocurrency reserve. She pointed out that such a plan is not suitable for the UK market, and although the UK has not yet established a digital asset reserve, the country is considering "the possibility of issuing sovereign debt using distributed ledger technology." Reynolds emphasized that the UK will not simply replicate the EU's MiCA legislation model but will adjust existing regulations based on results. Regarding decentralized assets like Bitcoin, she acknowledged regulatory limitations and that the government's intervention measures are limited. -Original

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

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Bybit: $50注册体验金,$30000储值体验金
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink