PA Daily | PumpFun Expense Income More Than Ethereum in the Year; Trump made it clear that he would not seek a third term
転載元： panewslab
05/05/2025·12DToday's news tips:
- South Korea Financial Committee: Nonprofit organizations and exchanges can sell virtual assets under specific rules starting from June
- Trump: Plans to impose 100% tariffs on all imported foreign films
- Indonesia suspends Worldcoin and WorldID related services due to illegal operation
- OKX upgrades DEX aggregator, adds AI analysis, intelligent fund tracking and Meme mode
- PumpFun's annual fee income exceeds Ethereum
- Kyrgyzstan will launch USDKG in Q3, backed by national gold reserves
- BitGo announces partnership with SOL Strategies to expand Solana institutional staking services
- Canary Capital's Litecoin ETF is about to usher in SEC resolution, analysts expect to postpone
- Bloomberg: Israeli trading platform eToro may launch U.S. IPO as early as this week
- IOTA Rebased main network upgrade is launched today, and users need to use a new wallet to access assets
Regulatory/Macro
According to Korean media reports, the South Korean Financial Services Commission (FSC) recently finalized the draft guidelines, which will allow non-profit companies and virtual asset exchanges (exchanges) to sell their held virtual assets under certain conditions starting from June 2025. Under the new regulations, eligible non-profit organizations (if they need to undergo external audits, establish internal donation review committees, etc.) will be allowed to sell received virtual asset donations (need to be cashed out immediately and only assets traded on more than three Korean won exchanges). Registered virtual asset exchanges are allowed to sell some of their own virtual assets (only the top 20 assets in the market value ranking) to cover operating costs, but there are daily limits and no sale through their own platform. In addition, the FSC plans to establish customer verification measures for transactions between non-profit organizations and exchanges by May, and revise transaction support best practices to prevent "coin manipulation" and deal with "zombie coins" and other issues. It is also planned to issue real-name accounts to listed companies and professional investors in the second half of the year.
Trump: Plans to impose 100% tariffs on all imported foreign films
According to Kingshin data, US President Donald Trump said he plans to authorize the U.S. Department of Commerce and the U.S. Trade Representative Office to immediately initiate relevant procedures and impose tariffs of up to 100% on all films produced abroad and entered the United States.
Indonesia suspends Worldcoin and WorldID related services due to illegal operation
According to an official Indonesian release, the Indonesian Ministry of Communications and Digital (Komdigi) recently announced that it has temporarily revoked the electronic system operator registration certificate (TDPSE) related to Worldcoin and WorldID services. Officials pointed out that the decision was based on the suspected violation of Indonesian electronic system regulations found by the preliminary investigation. The investigation shows that the PT. Terang Bulan Abadi, which is allegedly responsible for the operation, was not registered as an electronic system operator (PSE) as required and did not hold the required TDPSE certificate; it was also found that the Worldcoin-related services were actually operating using the registration certificate of another legal entity, PT. Sandina Abadi Nusantara. The Communications and Digital Department said it plans to summon relevant personnel from the two companies to further investigate and handle the violation.
Canary Capital's Litecoin ETF is about to usher in SEC resolution, analysts expect to postpone
According to Golden Finance, citing Cointelegraph and Bloomberg analyst James Seyffart, the U.S. Securities and Exchange Commission (SEC)'s first resolution deadline for the Litecoin (LTC) spot ETF filed by Canary Capital is today (May 5). It is worth noting that unlike most other cryptocurrency ETF applications, the Litecoin ETF application has not previously undergone an SEC extension review. This situation has sparked speculation that the ETF may be approved earlier. However, despite the lack of previous delay records, analysts (such as James Seyffart) generally expect that the SEC will likely choose to postpone the final decision this time rather than directly approve or reject it.
According to reports, U.S. Senator Elizabeth Warren recently publicly called on the Senate to suspend its review of a key digital asset (stablecoin) regulatory bill (such as GENIUS Act), citing concerns that the bill may involve potential conflicts of interest related to the current President Trump family. Warren noted that a dollar stablecoin project run by Trump's family-owned World Liberty Financial is linked to a UAE investment firm MGX that has reached a $2 billion deal. MGX is said to be planning to use the stablecoin to assist it in its investment in cryptocurrency exchange Binance. Warren said it was a "suspicious crypto deal" that could involve foreign governments providing huge sums of money to the Trump family. Meanwhile, the GENIUS Act bill aimed at establishing a federal regulatory framework for stablecoins is facing a legislative deadlock in the Senate. Several Democratic senators expressed opposition to the revised clause proposed by the Republican Party, which blocked negotiations between the two parties. Warren's concerns raised by conflict of interest undoubtedly add more variables to the future of the bill.
Trump made clear that he would not seek a third term, name Vance and Rubio as potential successors
According to Golden Finance, US President Donald Trump made it clear in a TV interview (NBC's "Dialogue with the Press" program) broadcast on May 4 local time that he will not seek to continue as president after the end of his term. Trump said in the interview: "I will be president for 8 years, two terms." This statement confirmed his position of not seeking a third term of office. At the same time, he also specifically mentioned the current Vice President James Vance and Secretary of State Marco Rubio, who believe they are rising stars within the Republican Party, expected to inherit the conservatives' mantle and continue to advance the policy agenda of "Make America Great Again (MAGA)" to see them as potential successors.
Kyrgyzstan will launch USDKG in Q3, backed by national gold reserves
According to an interview report by CoinDesk during the Dubai Token 2049 meeting, Kyrgyzstan, a Central Asian country, is planning to officially launch a stablecoin called Gold Dollar and the token code is USDKG in the third quarter of 2025 (Q3). The project consultant Gabriel Guerra said that USDKG will be a stablecoin that remains a 1:1 fixed peg to the US dollar, and its value will be supported by physical gold reserves held by the Kyrgyz Ministry of Finance. The initial stage will use $500 million worth of gold as a reserve, and the subsequent plan will expand the reserve to $2 billion and ensure transparency through independent audits. In order to cope with the risk of gold's own price fluctuations, USDKG will adopt an over-collateralized design. Its main goal is to promote cross-border payments and international trade. USDKG's initial market focus is Central Asia, and plans to expand to Southeast Asia and the Middle East in the future. It is worth noting that USDKG is designed to anchor the value of the US dollar rather than tracking the price of gold (unlike PAXG, etc.), and holders can redeem it as physical gold, other crypto assets or withdraw it as fiat currency in the future.
According to Cointelegraph, after the Australian Labor Party won re-election in the May 3 general election, several representatives of the country's cryptocurrency industry have publicly called for urging the new government to make the formulation of digital assets-related laws a priority during its term and implement them as soon as possible. Industry insiders including Binance, Coinbase, BTC Markets and other companies pointed out that Australia has lagged relatively behind the UK, the United States and the EU, which has implemented MiCA regulations in terms of cryptocurrency regulation. They stressed that in order to avoid the continued flow of talent and capital to markets with clearer regulatory flows and provide certainty for the healthy development of the industry, the Australian government urgently needs to accelerate the pace of legislation. Although the Australian Ministry of Finance Office has stated that it plans to release relevant draft legislation this year for public comment and tends to use the existing Australian Financial Services License (AFSL) framework to regulate digital asset platforms and payment stablecoins, the industry is still concerned about the specific timeline and generally believes that after a long period of discussion and preparation, it is a critical period for decisive action.
Project News
Bloomberg: Israeli trading platform eToro may launch U.S. IPO as early as this week
According to Bloomberg, an online trading platform based in Israel, eToro Group Ltd., is reportedly considering launching its initial public offering (IPO) on the U.S. Nasdaq as early as this week (the week of May 5). Earlier, eToro had submitted an IPO application to the US Securities and Exchange Commission (SEC) in late March 2024, but then suspended the listing process in April due to market fluctuations caused by tariff-related announcements. Sources also stressed that no final decision has been made on the specific start time of the IPO, and the company may still postpone its listing based on market conditions.
OKX upgrades DEX aggregator, adds AI analysis, intelligent fund tracking and Meme mode
According to OKX official announcement, cryptocurrency exchange OKX (Ouyi) today announced a major feature upgrade to the built-in DEX aggregator of its self-custodial wallet OKX Wallet. This update aims to improve users' on-chain transaction analysis and execution experience. The main highlights include: 1. Real-time on-chain market analysis: introducing a trading dashboard across 130+ chains, integrating AI insights, key addresses (such as smart money, giant whale) trend tracking, capital flow analysis and custom alert functions. 2. Smart Money tracking: Added the function of tracking up to 100 top wallets, provides a "smart money ranking" based on real-time profit and loss and winning rates, and pushes real-time trading signals for high-performance addresses. 3. Enhanced trading tools: Added a "simple mode" to simplify operations, and a "meme mode" designed and supported by rapid configuration and execution for Meme currency traders. OKX said that the upgraded DEX aggregator will continue to integrate the liquidity of more than 500 DEXs and more than 130 chains, and retain core technical advantages such as X Routing cross-link routing and MEV protection.
According to the official IOTA blog announcement, the upgrade of the IOTA Rebased main network has been officially launched today (May 5, 2025) at 9 am Central European Summer Time (4 pm Beijing/Tokyo time). This upgrade marks the migration of the network from the original Stardust main network to the new IOTA network.
Mattel suspends the release of "Hot Wheels Virtual Garage" NFT series
Toy manufacturing giant Mattel recently announced that it will suspend the release of new series of its "Hot Wheels Virtual Garage" NFT project and feature updates to reevaluate its digital collectibles strategy, Cointelegraph reported. According to the statement of Mattel's official website, starting from 2025 and in the foreseeable future, new Hot Wheels NFT series or related features will no longer be launched. However, Mattel promises that users' existing Hot Wheels NFT collection, the official "Mattel Digital Collectibles Marketplace" (allowing users to continue to buy and sell and trade existing NFTs), and related community channels (such as Discord) will remain in operation during 2025.
BitGo announces partnership with SOL Strategies to expand Solana institutional staking services
According to BitGo's official news, BitGo, a digital asset custody and staking service provider, recently announced that it has selected SOL Strategies, Inc. as its Solana (SOL) validator partner. The cooperation aims to strengthen Solana staking services for institutional investors. Through this partnership, customers can leverage BitGo's secure hosting infrastructure while SOL staking through the high-performance, high-yield, ISO-27001 certified Solana validator operated by SOL Strategies. Both parties expressed their joint commitment to expanding Solana's staking ecosystem to meet the needs of institutional growth.
PumpFun's annual fee income exceeds Ethereum
According to @WuBlockchain cited Token Terminal platform data, Solana's ecological Meme coin issuance platform PumpFun has performed strongly in terms of protocol fee revenue this year. Data shows that as of now (May 5, 2025), PumpFun has collected a total of US$294 million in agreement fees this year, which has exceeded the cost of Ethereum network capture during the same period (US$249 million). In addition, judging from weekly data, PumpFun's weekly expense income level has surpassed Ethereum for 9 consecutive weeks.
BlackRock BUIDL fund size reaches US$2.7 billion, dominating the tokenized US bond market
The asset management scale of the tokenized fund BUIDL (Dollar Institutional Digital Liquidity Fund), launched by the world's largest asset management company, has rapidly grown to US$2.7 billion, showing its dominance in the tokenized US Treasury market. Launched in March 2024, BUIDL Fund is a tokenized money market fund for institutional investors. By issuing blockchain tokens anchored to the US dollar, investors can invest in high-liquid assets such as cash, US Treasury bonds and repurchase agreements, and obtain daily income dividends in the form of tokens. Currently, about 92% of the fund's assets are deployed on the Ethereum network. In addition, BlackRock has deployed the BUIDL extension to seven other blockchain networks including Solana, Aptos, Arbitrum, Avalanche, Optimism and Polygon.
Tether CEO: Tether.ai is about to launch and plans to support USDT and Bitcoin payments
Tether CEO Paolo Ardoino recently posted on his X platform account, announcing that a new project called Tether.ai will be launched soon. According to Ardoino's description, Tether.ai's core product, "Personal Infinite Intelligence", will be a fully open source AI Runtime. Its design goal is to be able to adapt and run on any hardware and device without API keys, eliminating centralized failure points. It is worth noting that this AI Runtime will integrate WDK to support payments using stablecoins USDT and Bitcoin. Ardoino expects that Tether AI technology aims to ultimately build a peer-to-peer network of billions of AI agents.
Important data
Last week, the exchange net outflow of 15,700 BTC, and the total balance dropped to 2.2 million.
According to Coinglass data, in the past week (about April 28 to May 4), the major cryptocurrency exchanges it tracks have accumulated net outflows of about 15,710 BTC.
According to @lookonchain monitoring, about 12 hours ago (about the early morning of May 5, Beijing/Tokyo time), a cryptocurrency giant whale performed a large withdrawal of Bitcoin. The giant whale first created a brand new wallet address and then pulled 500 bitcoins from the cryptocurrency exchange Binance to the new address. Based on the price at that time, the value of this Bitcoin was about $47.82 million.
A giant whale goes long and loses US$550,000
According to @OnchainDataNerd monitoring, a giant whale address (starting from 0x0af) showed firm determination to hold in the investment of token GRIFFIN, and can be called a "diamond player". The address previously opened a 1-fold leverage (i.e., unleveraged spot) long position in GRIFFIN at a price of $0.249. Although it has not been leveraged, the position is still in a floating loss due to subsequent price declines, with a book loss of approximately US$550,000. The monitoring information also mentioned that when the price of GRIFFIN fell to $0.026, the floating loss of the position once reached about $1 million. Even so, the giant whale address has not yet chosen to close its position and continues to hold long positions in the loss.
HODL15Capital data: U.S. bitcoin ETF purchases reached nearly 6 times miner output last week
According to data released by asset allocation platform HODL15 Capital on May 4, last week (approximately April 28 to May 4), the US spot Bitcoin ETF showed strong purchasing power, and its purchase volume far exceeded Bitcoin mining output during the same period. Statistics show that in the past week, spot Bitcoin ETFs listed in the United States have purchased a total of about 18,644 bitcoins. During the same period, considering the mining efficiency after the halving of Bitcoin (about 450 coins per day), miners around the world only produced about 3,150 Bitcoins in total. This means that the purchase volume of ETFs has almost reached 6 times the miners' output during the same period.
other
Hackers use New York Post official X account to send scam private messages to encrypted users
According to Cointelegraph, several crypto community users recently reported that the official X platform account of the US media New York Post has been suspected to have been hacked by malicious actors and used to commit fraud activities. The report shows that the intruder is using the official certified account to send private messages (DMs) to cryptocurrency users on the X platform. These private messages are often disguised as interview invitations from New York Post reporters and instruct the recipient to contact further through the Telegram app. Security researchers point out that scammers will immediately block user responses after sending private messages to prevent the New York Post team from detecting an exception.
Economist Peter Schiff: Bitcoin is not digital gold
Peter Schiff, a long-time gold advocate and economist, recently posted on social platform X, reiterating his view that Bitcoin is not "digital gold". Schiff pointed out that against the backdrop of the recent decline in the U.S. stock index futures and the U.S. dollar index, the price trends of gold and Bitcoin are showing a completely opposite trend. He said gold prices rose about 1%, acting like a safe-haven asset; while Bitcoin prices fell about 2%, and its trading model was more like a risky asset. Based on this market performance, Schiff commented: "Obviously, Bitcoin is not digital gold."
French police successfully rescued the father of a cryptocurrency rich man
According to multiple French media reports, French police successfully rescued the father of a cryptocurrency millionaire through a coordinated raid on the evening of last Saturday (May 3). The victim was kidnapped in Paris last Thursday (May 1). The report said that the kidnappers asked the victim's family for cryptocurrency worth 5 million to 7 million euros as ransom after the kidnapping, and cut off one of the victim's fingers for pressure. Police eventually located and rescued the victims in a rental property in the southern Paris region of Esson, while arresting five suspects in their twenties on the spot. Authorities confirmed that no ransom was paid before the rescue operation. This incident is the third cryptocurrency-related kidnapping in France this year, and another case known as a "wrench attack", with a similar technique to the kidnapping incident encountered by the co-founder of the hardware wallet company Ledger in January this year.
