AICoin Daily Report (May 16)

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9 hours ago

1. Federal Reserve's Powell Considers Reevaluating Inflation Target

Federal Reserve Chairman Powell: It is appropriate to reconsider the average inflation target.   -Original

2. Russian Central Bank Says Bitcoin Will Be the Best Investment

3. Wisconsin Sells BlackRock Bitcoin ETF

The latest 13F filing from the Wisconsin Investment Board shows that the agency has completely liquidated its position in BlackRock's spot Bitcoin ETF (IBIT), valued at $321 million. The filing indicates that as of the end of March, the board no longer holds any IBIT shares. The investment board has not fully exited crypto-related investments, as the filing shows it still holds approximately $19 million in Coinbase stock. Previously, the agency had completely liquidated its position in Grayscale Bitcoin Trust (GBTC). Notably, the BlackRock IBIT fund recently set a record for 20 consecutive days of net inflows, with funds exceeding $5 billion.   -Original

4. Abu Dhabi Invests in BlackRock Bitcoin ETF

5. eToro CEO Reduces Focus on Cryptocurrency

Odaily Planet Daily reports that eToro CEO Yoni Assia stated that after meeting with Berkshire Hathaway Chairman Warren Buffett, he reevaluated his focus on cryptocurrency and decided to invest more energy into traditional value investing. Yoni Assia was previously an active advocate for crypto assets, but was inspired by his conversation with Buffett to emphasize the importance of long-term investment and fundamental analysis. He noted that while crypto technology has potential, the current market is highly volatile, and investors should pay more attention to risk management and asset allocation balance. eToro is also adjusting its business focus to strengthen support for traditional financial products such as stocks and ETFs to adapt to the changing market demands.   -Original

6. DDC Enterprise Launches Bitcoin Reserve Strategy

Cross-border consumer goods e-commerce group DDC Enterprise announced the launch of a Bitcoin reserve strategy, planning to accumulate 5,000 BTC over 36 months. Company founder and CEO Norma Chu stated in a letter to shareholders that the first phase will immediately purchase 100 BTC, with a short-term goal of increasing to 500 BTC within six months. The company has formed a new advisory committee and fund management team with experience in crypto assets to oversee the strategic implementation. The 2024 financial report shows that DDC's annual revenue reached $37.4 million, a 33% year-on-year increase, with a gross margin rising to 28.4%. As of March 31, 2025, the company holds approximately $23.6 million in cash and short-term investments. Norma Chu emphasized that Bitcoin's characteristics as an anti-inflation asset align closely with the company's diversified reserve strategy.   -Original

7. MoonPay Partners with Mastercard for Stablecoin Payment Service

8. U.S. SEC Delays Approval of 21Shares Polkadot ETF

Odaily Planet Daily reports that according to market news, the U.S. SEC has postponed its decision on the approval of the 21Shares spot Polkadot ETF.   -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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