1. US April CPI Below Expectations
The US released the April unadjusted CPI year-on-year, recording 2.3%, lower than the expected 2.4%, with the previous value at 2.4%. -Original
2. Institutional Demand for Bitcoin Accelerating
André Dragosch, Head of Research at Bitwise Europe, stated that 9,739 bitcoins have just been transferred from Coinbase, setting a record for the highest net outflow this year. Institutional demand for Bitcoin is accelerating. -Original
3. 9,739 Bitcoins Withdrawn from Coinbase
André Dragosch, Head of Research at Bitwise Europe, stated that 9,739 bitcoins have just been transferred from Coinbase, setting a record for the highest net outflow this year. Institutional demand for Bitcoin is accelerating. -Original
4. Michael Saylor Ends Call for Cryptocurrency War
5. Galaxy Digital Relocates to the US and Will List on Nasdaq
Cryptocurrency asset management company Galaxy Digital has completed its restructuring process from the Cayman Islands to the US and plans to list on Nasdaq under the code "GLXY" on May 16. On the same day, the company announced a net loss of $295 million for Q1 2025, mainly affected by the decline in digital asset prices and impairment expenses related to mining. Despite the decline in performance, the company's cash and stablecoin reserves still amount to $1.1 billion. -Original
6. Vitalik Responds to Musk's Space Mining Feasibility
Ethereum co-founder Vitalik Buterin responded to discussions by former Reddit CEO and Musk regarding space mining, stating that while this is not his area of expertise, he believes that asteroid mining, although difficult, is fundamentally not impossible to achieve economic feasibility (Foresight News notes that this refers to space mineral mining rather than cryptocurrency mining). -Original
7. Robinhood Acquires Canadian Crypto Company WonderFi
WonderFi's platforms Bitbuy and Coinsquare have strengthened Robinhood's international expansion efforts in the cryptocurrency market. -Original
8. Barclays Expects Fed to Cut Rates in December
Odaily Planet Daily reports that Barclays expects the Federal Reserve to cut rates in December, previously anticipated for July. -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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