Trump poll support rate rises Trump calls for Powell to cut interest rates
Reprinted from jinse
05/14/2025·1MHeadlines
▌Trump poll support rate rises
According to Reuters/Ipsos poll: Trump's approval rating rose to 44%, 2 percentage points higher than the poll at the end of April. 59% of respondents believe that this year's recession will be attributed to Trump, while 37% blame former U.S. President Biden.
▌Trump calls on Powell to cut interest rates again
US President Trump posted on "Real Social" that there is no inflation, and the prices of gasoline, energy, groceries and almost all other commodities are falling! The Fed must lower interest rates as Europe and China do. "Mr. Taichi" Powell, why is hesitating? This is unfair to the United States, which is preparing to prosper. Let everything go with the flow, it will be a wonderful thing!
Quotes
As of press time, according to Coingecko data:
BTC's recent transaction price is US$104,043, with an increase of +1.5% intraday increase of +1.5% ;
ETH's latest transaction price is US$2,686.10, with an intraday increase of +8.4% ;
BNB's recent transaction price is US$664.38, with an intraday increase and decrease of +1.0% ;
SOL's latest transaction price is US$183.62, with an intraday increase and decrease of +5.8 % ;
DOGE's latest transaction price is US$0.2403, with an intraday increase and decrease of +5.1 % ;
XPR's recent transaction price is US$2.58, with an intraday increase and decline of +2.5 % .
policy
▌US SEC solicits opinions on the physical redemption of BlackRock Bitcoin ETFs and postpones Solana 's proposals with Dogecoin
The Securities and Exchange Commission on Tuesday delayed its decision to allow BlackRock Bitcoin ETFs to be redeemed in kind and began soliciting public comments. "The Commission initiated a review process under Section 19(b)(2)(B) of the Securities Exchange Act to decide whether to approve or reject the proposed rule changes." The SEC previously preferred a cash model, which was to sell Bitcoin out of storage and return cash to investors. If physical redemption is approved, "ETF trading efficiency may be higher," said Bloomberg analyst James Seyffart. In addition, the SEC has postponed the review of Grayscale Litecoin Trust, Solana Trust and the 21 Shares Dogecoin ETF and also solicited public comments.
Blockchain application
▌ Sonic launches native USDC and CCTP V2 to improve cross-chain performance and institutional support
Sonic announced that native USDC and CCTP V2 are now online, completing the upgrade from Bridged USDC Standard to native version. This upgrade "improves network security, improves liquidity, realizes seamless cross-chain USDC transfers, opens centralized exchange support, and provides institutional- level deposit/withdrawal channels." In addition, "Bridged USDC has been upgraded to native USDC in situ, and the contract address has not changed", and users and developers "no action is required." Binance has integrated USDC on Sonic, and other CEXs will also follow up in the near future. CCTV V2 supports "almost real-time USDC cross-chain transfer".
Cryptocurrency
▌ Coinbase invests in Canadian stablecoin issuer Stablecorp
Coinbase recently invested in Canadian stablecoin issuer Stablecorp, aiming to expand access to Canadian dollar tokenization. Coinbase Canada CEO Lucas Matheson said in an exclusive interview with Cointelegraph that the investment amount was not disclosed, but the company will help promote Stablecorp's fiat- guaranteed stablecoin QCAD. He stressed that stablecoins are particularly important to Canada because Canada lacks a peer-to-peer payment network, and wire transfer fees are as high as $45 and requires 45 minutes of paperwork. He also said that using stablecoins can achieve 24/7, instant, borderless payments. Although the stablecoin market is currently dominated by USD-secured stablecoins, Canada still faces the problem that the government has not lifted the securities regulatory barriers of stablecoins, and Coinbase calls on the government to develop a national strategy for digital assets.
▌ sns.sol has opened SNS token airdrop registration
Solana domain service sns.sol (formerly Bonfida) says its token generation activity is online, with 40% of the supply dedicated to "early and new supporters." Users need to apply for SNS tokens through a wallet holding the ".sol domain name", and the deadline is August 11. The newly launched SNS token is intended to replace the FIDA token previously issued by Bonafida. Bonafida this month called FIDA's token economic model "unsustainable" and could not meet the needs of .sol holders.
Earlier this month, the project said 20% of the total supply had been “claimed” and that it had “a new team, a new mission and a clear focus.” The announcement came the same day that Bonafida declared FIDA’s token economics unsustainable.
▌ Abraxas Capital has purchased nearly $500 million worth of Ethereum within six days
As of 01:10 am today, London-based asset management company Abraxas Capital has purchased nearly $500 million worth of Ethereum in less than a week. At 01:10 a.m., Lookonchain posted on the X platform: "In the past 12 hours, Abraxas Capital purchased another 33,482 ETH (worth $84.7 million), bringing its total purchase volume in the past six days to 211,030 ETH (worth $477.6 million)." Yesterday, Abraxas Capital first borrowed 240 million USDT from Aave and then deposited it into Binance.
Presto Research analyst Min Jung pointed out that the ETH/BTC exchange rate fell nearly 40% to 0.02 this year, and the current price attracted buyers to intervene. Nick Ruck, research director of LVRG, believes that Pectra upgrades and macro positives jointly drive market sentiment to positive. “As altcoins move away from the downward trend, investors are reevaluating the value of cryptocurrencies as hedge tools,” he said.
▌ CoinShares ' net profit in Q1 fell 42.2% year-on-year, and the CEO said the global economy is undergoing a "full transformation"
CoinShares said its net profit fell to $24 million in the first quarter of 2025, down 42.2% from the same period last year. "What we are witnessing is not just market volatility -- but a comprehensive transformation of the global economic order." The company's CEO Jean-Marie Mognetti said in a letter to shareholders. "The poor performance of Ethereum caused a $23 million outflow of CoinShares Physical Staked Ethereum ETP (ETHE). “As a result of broader market corrections – including a 12.1% decline in Bitcoin’s price – total assets under management (AuM) fell 10.7%, down to $1.52 billion at the end of the first quarter.”
▌Thailand will issue US$150 million "digital investment token" G-Token, with a goal higher than bank deposit returns
Thailand's Finance Minister Pichai Chunhavajira said the Ministry of Finance plans to issue a "digital investment token" G-Token with a total amount of 5 billion baht (about 150 million US dollars) in two months. The token “is designed to provide investors with higher returns than bank deposits” and will be “used to fund the public under the current budget borrowing plan” but “will not be a debt instrument.” The move was supported by the cabinet and was promoted after former Prime Minister Thaksin suggested “issuance of stablecoins supported by government bonds.”
Twenty One increases its holdings of 4,812 Bitcoins at an average price of $95,300
The publicly-owned company with Bitcoin as its core announced the purchase of 4,812 BTC ($458.7 million) through TETHER, with an average price of $95,300.
Investment company Cantor Equity Partners previously announced plans to form "Twenty One" through a SPAC merger. This will become a Bitcoin-centric listed company with an initial reserve of more than 42,000 bitcoins—a valued at current prices of over $3.9 billion, supported by Tether, Bitfinex, and investment firms Cantor Fitzgerald and SoftBank Group. The company, led by Brandon Lutnick, son of the U.S. Secretary of Commerce, not only plans to hoard Bitcoin (so investors can gain exposure to related assets without actually holding it), but will also provide Bitcoin-related financial services and create cryptocurrency content and media platforms.
Important economic trends
Goldman Sachs: U.S. dollar is expected to continue its decline against Asian currencies
Goldman Sachs said the possible direction of the US dollar/Asian currency pair remains downward after recent trade negotiations. It said that despite the recent progress in trade negotiations between China and the United States, the main themes of the market have not changed. These themes are: the gradual diversification of investment from U.S. assets should continue; Asian exporters should continue to convert the U.S. dollar into local currencies; if Asia negotiates trade with the U.S., its currency may be more difficult. (Jin Shi)
▌Trump plans to revoke the Biden-era “AI technology diffusion regulation rules”
The Trump administration plans to comprehensively revise the regulations on export control of artificial intelligence semiconductors and abolish the regulatory framework that triggered strong opposition from American companies and allies such as NVDA.O and Oracle during the Biden period. The U.S. Department of Commerce announced on Tuesday that it would revoke the "AI Technology Proliferation Control Rules" originally scheduled to come into effect on May 15 - the rule was introduced by former US President Biden and divides chip importers into three levels. According to people familiar with the matter, the new government is drafting an alternative, which may turn to negotiating and signing bilateral agreements with countries one by one.
▌Blinken : Trump only respects hardliner leaders
Former U.S. Secretary of State Blinken said in an interview with the Times that current President Trump only respects hardliners. He also said Trump now believes Europe is weak and disunited and urged European leaders to bravely fight the White House. "In my opinion, Trump looks at several aspects when he looks at the world. From his perspective, he looks at strong leaders or strong countries. To be honest, when he looks at Europe, I think he sees a weak continent, a weaker actor. So I think that part of the challenge for Europe to get the attention of President Trump is to show stronger cohesion, higher solidarity and clearer common goals, because in this way, Europe will be taken more seriously."
Golden Encyclopedia
▌What is general artificial intelligence
Unlike narrow-minded artificial intelligence (ANI) (using artificial intelligence to solve a single problem), general artificial intelligence (AGI) refers to artificial intelligence that can understand, learn, and apply knowledge in a way that is indistinguishable from human cognition. AGI is still in the theoretical stage, but the prospect of artificial intelligence being able to replace human input and judgment in an all-round way naturally attracts widespread attention, and researchers, technologists and scholars are working to turn the concept of AGI into reality.
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