France to provide security for cryptocurrency businesses Trump's tax bill fails
Reprinted from jinse
05/17/2025·24DHeadlines
▌French Ministry of Interior: Strengthened security protection measures for the country 's leading cryptocurrency entrepreneurs
According to Politico, the French Ministry of Interior said it would provide enhanced security protections for the country's leading cryptocurrency entrepreneurs and their families. The decision stems from at least three kidnappings targeting crypto industry leaders and their families since the beginning of the year. French Interior Minister Bruno Retailleau said the new security measures include priority access to the police emergency hotline, police visits and security briefings. At the same time, law enforcement officers will receive "anti-crypto asset money laundering training". At present, these cases have been transferred to the French organized crime prosecutor's office for investigation, and many people have been arrested.
▌Trump tax bill not passed in House subcommittee
According to market news, the Trump tax bill was not passed in the House subcommittee due to differences in cost issues in the United States.
Quotes
As of press time, according to Coingecko data:
BTC's recent transaction price is US$102,804, with an increase of -1.2% intraday;
ETH's latest transaction price is US$2,480.43, with an intraday increase and decrease of -3.7% ;
BNB's recent transaction price is US$638.59, with an intraday increase and decrease of -2.2% ;
SOL's latest transaction price is US$165.28, with an intraday increase and decrease of -4.1 % ;
DOGE's latest transaction price is US$0.2164, with an intraday increase and decrease of -2.9 % ;
XPR's recent transaction price is US$2.33, with an intraday increase and decrease of -1.8 % .
policy
▌US SEC hacker was sentenced to 14 months in prison for publishing false news about Bitcoin ETF
A federal judge sentenced Eric Council Jr. to 14 months in prison for a false announcement on the SEC X account about the approval of the spot Bitcoin ETF. After a hearing on May 16, the U.S. Federal Court of the District of Columbia announced that Council pleaded guilty to "conspiracy to commit serious identity theft and access equipment fraud" and would be sentenced to 14 months in prison. "This type of behavior threatens the health and integrity of our market system," said Jeanine Pirro, acting federal prosecutor of the District of Columbia. "SIM card swap attacks threaten the financial security of ordinary citizens, financial institutions and government agencies." The prosecution documents show that Council has obtained about $50,000 in revenue through SIM card swap attacks and is expected to be recovered. In addition, the judge also sentenced him to undergo 36 months of supervision after his sentence.
▌U.S. stablecoin bill votes as early as next week, and supporters say "it will be recorded in history"
The GENIUS Act, promoted by Senators Bill Hagerty and Kirsten Gillibrand, is expected to be debated and passed in the Senate as early as next week. "Next week, the Senate will go down in history as we debate and pass the GENIUS bill, which will establish the first regulatory framework for payments that is favorable to growth," Hagerty said. "The bill is a real bipartisan cooperation" and stressed that it incorporates "strong consumer protection." Although the bill has not been passed before the “motion to terminate debate” vote, the bill has entered the latest draft phase, with the text being adjusted to meet Democratic concerns about consumer protection and national security. The draft clearly states that large listed companies such as Meta will not be approved to issue stablecoins. The Senate will vote again next Monday, and it will take 60 votes to officially start the debate. The House is also pushing forward its own version, which will need to be integrated and signed into law by President Trump.
Blockchain application
▌Moonwalk 's top four markets for Web3 fitness applications are France, the United States, Nigeria and Vietnam
Caitlin Cook, development director of Web3 fitness application Moonwalk, said in an interview at Consensus 2025 that the top four markets of the project are currently France, the United States, Nigeria and Vietnam. Moonwalk Fitness offers users a variety of game options, with varying game duration, steps and admission fees. Users need to pay a fee (in USDC, BONK, or SOL) to join the game. If the user reaches the daily step target, he or she will receive a full refund and will have the opportunity to participate in the prize pool formed by the user's deposits that have not reached the step target. Caitlin Cook said it is particularly optimistic about markets such as Southeast Asia and Africa. Since users can create their own games and set the game entrance fee by themselves, there is no funding threshold.
Cryptocurrency
▌DeFi Development cooperates with BONK to manage validators, and its stock price soars by 30% in a single day
DeFi Development Corp. (DFDV) shares rose 30% on Friday, reaching an all-time high as it announced a partnership with Solana's mainstream Meme currency BONK to co-manage validators and once again increase its holdings in SOL. The two parties will jointly manage Solana validators and integrate BONK's liquid staking token BONKSOL, saying that this is "the first Meme coin community to share the staking infrastructure on Solana with listed companies." "This validator collaboration is the natural next step for BONK to empower the community and accelerate Solana adoption." DeFi Development also announced that it would purchase another 16,447 SOLs, currently holding a total of 609,190 pieces, with a market value of approximately US$107 million. The company has been a real estate technology platform Janover. Since its transformation to focus on Solana, its stock price has risen by more than 2,800%.
▌Bloomberg: Binance and Kraken successfully block phishing attacks similar to Coinbase
According to Bloomberg, Binance and Kraken have also recently become targets of social engineering attacks similar to the Coinbase disclosure incident, but neither exchange reported that customer information was leaked, and the attack was successfully blocked "due to internal protection measures." The attacker tried to lure customer service representatives through Telegram to request "sensitive customer data such as account balance and home address." According to the report, "the AI security systems of the two exchanges identified the attack vector and blocked phishing attempts." Previously, Coinbase disclosed in a filing submitted to the U.S. Securities and Exchange Commission that cybercriminals "bribed overseas customer service representatives" and tried to obtain user data and account management records. The incident may result in up to $400 million in remedial expenses and customer compensation. It is not clear whether the attacks on Binance and Kraken are the same hackers attacking Coinbase.
Alchemy acquires Solana infrastructure provider DexterLab to continue expanding outside Ethereum
Alchemy, known as the "AWS in the blockchain world", has acquired Solana infrastructure provider DexterLab, which is used by Google, Chainstack and the Solana Foundation. The acquisition will help Alchemy expand its enterprise- class Solana services. "This acquisition is an important milestone in our Solana development journey. By integrating expertise and resources, we will expand infrastructure and accelerate innovation across the ecosystem. The collaboration that nearly six months ago has now evolved into a true partnership."
▌Analysts: Bitcoin price may reach more than $200,000 by the end of the year, because it has historically lagged behind gold
Analyst Apk32 said Bitcoin price could reach more than $200,000 by the end of the year, citing its historically lag behind gold.
Important economic trends
▌Former Fed Chairman Bernanke urges the Fed to provide a more comprehensive explanation of interest rate decisions
Former Fed Chairman Ben Bernanke called for the Fed to provide a more comprehensive explanation of its interest rate decisions to the public and provide a deeper analysis of potential forecast scenarios. "Releasing specific alternative scenarios and their possible impacts can drive a subtle but important shift in the Fed's communication strategy," Bernanke said in a speech prepared for Friday's meeting at the Fed's headquarters in Washington.
▌The three major U.S. stock indexes closed up collectively
The three major U.S. stock indexes closed up collectively, with the Dow Jones Industrial Average rising 0.78%, up 3.41% this week; the S&P 500 index rose 0.7%, up 5.27% this week; the Nasdaq rose 0.52%, up 7.15% this week. Most of the large technology stocks rose, with Tesla rising more than 2%, Netflix and Google rising more than 1%, and Microsoft, Nvidia, Amazon and Intel rising slightly.
Golden Encyclopedia
▌What is RISC-V?
RISC-V is a modern open source instruction set architecture (ISA) based on the principle of streamlined instruction set computer (RISC). Simply put, it is like a blueprint that defines a set of instructions that a processor can execute. The RISC-V is designed to be highly modular, efficient and flexible. Originally developed by the University of California in 2010, the open source framework gives developers the flexibility to customize their features and use cases and also saves costs compared to proprietary ISAs such as ARM or x86. RISC-V is widely used, from supercomputers to smartphones, and now blockchains such as Ethereum. On April 20, 2025, Ethereum co-founder Vitalik Buterin announced a "radical" new expansion solution that will replace Ethereum virtual machines (EVMs) with the RISC-V instruction set architecture, aiming to improve the speed and efficiency of the network execution layer. The idea is that RISC-V is the best solution to the limitations of blockchain scalability.
Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.
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