Important information last night this morning (May 7-May 8)
Reprinted from panewslab
05/08/2025·19D
Spot gold once again stood above the $3,400/ounce mark, up more than 1% during the day
Spot gold once again stood above the $3,400/ounce mark, up more than 1% during the day.
Arizona signs HB 2749 to create first crypto reserve account
According to the US Arizona legislative records, the HB 2749 Act has been officially signed into law by the governor, marking the state's first crypto reserve. This reserve is not used for investment, but rather receives unclaimed virtual assets, airdrops and pledge rewards, and maintains its native form of storage, becoming an important pilot for crypto public fiscal management in the United States.
The U.S. Currency Complaints Agency (OCC) issued new guidelines (No. 1184 Interpretation Letter), clarifying that the National Bank and the Federal Savings Association can buy and sell crypto assets custody according to customer instructions, and allow outsourcing of crypto assets custody and execution services to third parties, provided that they comply with third-party risk management specifications.
Stripe launches stablecoin financial account to support 101 domestic merchants
Stripe announced the launch of "Stablecoin Financial Accounts", which supports corporate users in 101 countries and regions around the world to hold USDC or USDB stablecoin balances, and can send and receive funds through fiat currency and crypto channels. The account is escrowed by Stripe's Bridge, and funds can be transferred through ACH, wire transfer or encrypted wallet and supported transfer to a bank account or encrypted address. Stripe also plans to offer USDC-denominated Visa card services. USDB is a closed-loop stablecoin, which means it is not sold publicly. USDB is an infrastructure stablecoin issued by Bridge. It always corresponds to the equivalent dollar cash and short-term money market funds held by BlackRock.
According to Jinshi, at 02:00 am on Thursday, Beijing time, the Federal Reserve kept interest rates unchanged for the third time, maintaining the benchmark interest rate target range between 4.25% and 4.50%, in line with market expectations and took a cautious stance in the face of increasingly uncertain economic outlook caused by tariff policies. Although the Federal Reserve believes that the current economy is still "steady expanding", the FOMC rarely warned in its post-meeting statement that the risks of high inflation and high unemployment are rising simultaneously, making the economic outlook even more confusing.
David Bailey, who advised Trump during his 2024 campaign, is raising $300 million to set up a publicly listed Bitcoin investment company, according to The Information. He follows a series of companies that acquire cryptocurrencies that try to replicate the success of Michael Saylor's strategy. Bailey plans to raise $200 million through new stock private placement and $100 million through convertible bonds.
U.S. Treasury Secretary: Digital assets demand for U.S. Treasury bonds will reach $2 trillion
According to King Shi, U.S. Treasury Secretary Bescent said that the demand for U.S. Treasury bonds from digital assets will reach as high as $2 trillion.
Arizona Senate Approves Bitcoin Reserves Act SB 1373 and Sents it to Governor
According to Bitcoin News, the Arizona Senate approved Bitcoin Reserves Act SB 1373 and sent it to Gov. Katie Hobbs for the final decision. Previous news, the governor of Arizona rejected the state's strategic Bitcoin reserve bill SB 1025.
Vaulta: EOS tokens will become A token on May 14, with a 1:1 exchange ratio
Web3 bank Vaulta (formerly EOS) announced on the X platform that the EOS token will become A token on May 14. The exchange ratio is 1:1, the token economics has not changed, there is no redemption fee, and the exchange can be completed on the official channel on May 14. Previous news, EOS transformed into "web3 bank" and changed its name to Vaulta, with plans to launch new tokens. Related reading: EOS's frustrated "exit": Renamed Vaulta to transform into "Web3 Bank" and make wedding dresses for the ecological project exSat.
sns.sol will distribute 2 billion SNS in Genesis airdrop, accounting for 20% of the total supply
Solana domain name service sns.sol (formerly Bonfida) announced that it will distribute 2 billion SNS tokens (20% of the total supply) in SNS Genesis airdrop as part of its initial deployment. Of these, 1.5 billion tokens will be airdropped to approximately 275,000 wallets holding at least one .sol domain name at the time of snapshot. 500 million tokens will be distributed to ecosystem partners that help the growth and support of the SNS community. Previous news, sns.sol announced that SNS token Economics: airdrop accounts for 40%.
According to Cointelegraph, the decentralized stablecoin protocol Lista DAO announced a strategic cooperation with World Liberty Financial (WLFI), the Trump family crypto project. The two parties will jointly improve the DeFi accessibility and practicality of the BNB Chain ecosystem. This cooperation will combine the professional advantages of the two institutions to provide users with more opportunities to access stablecoins and advanced lending mechanisms. At present, the cooperation has achieved initial results, and the Lista Lending platform has launched the USD1 lending vault service. The service allows users to borrow USD1 stablecoins at a discounted rate of 0.39% by collateralizing a variety of assets (including BTCB, WBNB, slisBNB, ETH, etc.). At the same time, USD1 holders can also deposit it on the platform to participate in Lista DAO's BNBFi launchpool strategy. In the future, the two parties plan to further deepen cooperation, including launching the USD1/lisUSD liquidity pool and accepting USD1 as collateral assets on Lista DAO's CDP platform. Users holding veLISTA tokens will enjoy discounted loan interest rates. Lista DAO said it will continue to develop innovative financial tools to meet the changing needs of users.
Eric Trump: I hold a lot of bitcoins, and Trump also holds a lot of them
According to Bloomberg, Eric Trump, executive vice president of Trump Group and son of Trump, said at the Dubai Token 2049 event: "I like Bitcoin. I firmly believe it is digital gold. I own a lot of Bitcoin, and Trump (his father) also holds a lot. And I think Bitcoin will grow exponentially in the next few years. Personally, this is a big bet for me." In addition, Eric Trump said that World Liberty's mission is to "take over the financial world." As for what services World Liberty hopes to provide and how to achieve this goal, it is still unknown. Trump said the project aims to repair and modernize a "collapse" financial system. It believes that World Liberty will become one of the "fastest-growing" crypto projects in the future. "Just wait and see what will happen in the next two months. See what we will do."
Binance will launch Alpha points consumption mechanism from May 13
According to Binance's official announcement, from May 13, 2025, Binance will launch an Alpha Points Consumption Mechanism. According to this mechanism, if a user successfully participates in the Token Generation Activity (TGE) or receives an airdrop, the system will deduct a certain number of Alpha points.
Binance Alpha and Binance contracts to launch Doodles (DOOD)
According to the official announcement, Binance Alpha will launch and open Doodles (DOOD) transactions on May 9, 2025. In addition, the Binance Contract Platform will launch the DOODUSDT perpetual contract on May 9, 2025, with a maximum leverage of up to 50 times. The specific transaction time will be announced on May 9, 2025. Binance is the first platform to announce the opening of Doodles (DOOD) contract trading and display DOOD tokens in Binance Alpha. As a online benefit, all eligible Binance Alpha Points users will receive a DOOD token airdrop within 10 minutes of transaction start. The number of token airdrops will be announced on May 9, 2025. Starting from May 13, 2025, Binance will launch an Alpha Points Consumption Mechanism. According to this mechanism, if a user successfully participates in the Token Generation Activity (TGE) or receives an airdrop, the system will deduct a certain number of Alpha points.
Musk and Garry Tan support "Mog/Acc" identity, pushing MOG coin price to rise
According to CoinDesk, Meme Coin MOG Coin on Ethereum and Base is triggering a cultural trend in the circle of technology elites. This token based on Ethereum and Base chain combines "mogging" (online slang, meaning to get stronger and faster) with "accelerationism" to form a unique "mog/acc" cultural movement. Opinion leaders from Y Combinator founder Garry Tan to Musk have replaced the iconic Pit Vipers colorful sunglasses, driving the token to rise 11% this week and a monthly increase of more than 130%. Accelerator philosophy advocates promoting technological change at all costs, and mog/acc transforms it into a disseminated visual symbol through Memetic means. Solana eco-projects such as Raydium and Jupiter have joined the campaign, changing the official avatar to a cat or mascot wearing Pit Vipers. Some developers even make robots that automatically generate mog/acc style avatars, which spread virally for a few hours after they are online. This is an interesting contrast with the "defensive accelerationism" (d/acc) proposed by Ethereum founder Vitalik Buterin in 2023 - the latter emphasizes that technological development needs to evade greed. mog/acc completely stripped away the theoretical shell and used Meme to build the Internet native identity. Analysis points out that this practice of transforming abstract philosophy into wearable symbols is replicating the spread path of Dogecoin's "Shiba Inu Spirit" back then.
DeFi protocol Resolv announced token economics, and the utility of RESOLV tokens includes governance access, double rewards, enhancement of points multiplier and long-term pledge multiplier. The total supply of RESOLV tokens was 1 billion, of which airdrops accounted for 10% in the first quarter, ecosystems and communities accounted for 40.9%, teams and contributors accounted for 26.7%, and investors accounted for 22.4%. RESOLV tokens are about to undergo TGE, and will open registration in the first half of May, with a one-week registration period (both points program participants and Resolv recipients are eligible), and registered users will be screened before the airdrop officially begins to detect witch attacks and bad actors. The token collection page will last for 30 days after it is launched. Previously, in April, Resolv Labs completed a $10 million seed round of financing, led by Cyber.Fund and Maven11.
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