Trump responds to cryptocurrency profitability questions Ethereum's market value is super Coca-Cola

Headlines

▌Trump responds to cryptocurrency profit-making questions, accusing Pelosi of using insider information

When asked by reporters whether to make profits from cryptocurrencies, Trump responded: "I haven't even paid attention to it. If I own stocks in a company and I do well and the market is up, I think I'm making a profit. But the real profit is people like Pelosi who use insider information."

▌Ethereum 's market value exceeded US$300 billion, surpassing Coca-Cola and Alibaba to rank 39th in global assets

According to the latest data from 8marketcap, Ethereum's current market value has exceeded US$300 billion, currently hitting US$309.52 billion, an increase of 8.42% in 24 hours, surpassing Alibaba (US$303.72 billion) and Coca-Cola (US$303.53 billion) and rising to the 39th place in the global asset market value.

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Quotes

As of press time, according to Coingecko data:

BTC's recent transaction price is US$104,098, with an increase of +1.1% intraday increase of +1.1% ;

ETH's latest transaction price is US$2,531.25, with an intraday increase and decrease of +8.2% ;

BNB's recent transaction price is US$657.88, with an intraday increase and decrease of -2.1% ;

SOL's latest transaction price is US$176.57, with an intraday increase and decrease of +2.7 % ;

DOGE's latest transaction price is US$0.2409, with an intraday increase and decrease of +17.5 % ;

XPR's recent transaction price is US$2.4, with an intraday increase and decrease of +2.2 % .

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policy

▌The US SEC Chairman will deliver a keynote speech on asset tokenization on the 12th

US SEC Chairman Paul Atkins will deliver a keynote speech on asset tokenization on the 12th. On the same day, the US SEC will hold a roundtable conference with the theme of "Tokenization: Moving Assets Onchain: Where TradFi and DeFi Meet." The SEC participants include: Chairman Paul S. Atkins, Richard B. Gabbert, Director of the Office of the Crypto Task Force, and Commissioner Hester Peirce. Other participants include: Cynthia Lo Bessette, Eun Ah Choi (Nasdaq), Will Geyer (Invesco), etc.

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Blockchain application

▌Decentralized payment network Wirex Pay announced its expansion to Base

Decentralized payment network Wirex Pay announced that it will expand to Base Ethereum’s layer 2 network developed by Coinbase, and will deploy Wirex Business capabilities on the Base chain to support services such as corporate bank accounts, Visa cards and stablecoin payments. In addition, Wirex Pay is also planned to expand to other mainstream blockchains later this year.

▌Solana Lianchuang: The L1 protocol should be flexible enough so that the application will not leave

Solana toly stated in X that the underlying L1 protocol should be flexible enough to allow applications to conduct business in any way they want. If applications can differ in priority and grow their business in this way, they will do so. If the L1 protocol hinders their growth, they leave L1. It's that simple. No matter whether an idea is good or bad, it doesn't matter. Even preventing applications from trying bad ideas that they think might help growth can motivate them to leave L1.

▌Vietnam launches the independently developed 1Matrix blockchain, aiming to enhance digital independence

According to Coin Track Daily, Vietnam has launched an ambitious project called 1Matrix to build the first layer of blockchain independently developed by the country. The project is jointly promoted by well-known institutions such as Techcombank, Techcom Securities, Masterise Group and One Mount Group. It has now cooperated with the Vietnam Blockchain Association (VBA).

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Cryptocurrency

▌Cathie Wood: Recession is coming to an end, Bitcoin is expected to reach $1.5 million

Ark Invest CEO Cathie Wood said the recession is coming to an end and the road to Bitcoin’s $1.5 million remains intact. Artificial intelligence is accelerating productivity and changing the game for investors.

▌BSV investors are calling for resumption of “abandoning growth effect” claims against Binance

BSV investors filed for recovery of “loss of opportunity” claims in Binance’s $13.3 billion lawsuit. In July 2024, the Competition Appeal Court dismissed a specific content in the organization’s complaint that Binance delisted BSV in April 2019 led to a “loss of growth effects” that hindered BSV’s development into a “top” cryptocurrency, losing more than $13 billion.

▌Miller Value Partners Chief Investment Officer: Bitcoin has once again broken through the six-digit threshold and there is still a lot of room for development

Bill Miller IV, chief investment officer at Miller Value Partners, told CNBC that cryptocurrency governance is rapidly evolving. He added that Bitcoin has once again broken through the six-digit threshold, and in his opinion, there is still a lot of room for development.

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Important economic trends

▌Ecoinometrics: The Federal Reserve 's tone has slightly changed to dove for the first time since 2021

According to data compiled by Ecoinometrics, the Federal Reserve's tone has slightly changed to dove for the first time since 2021. Powell no longer emphasizes inflation, but talks about downside risks.

▌Since January 1, 2025, the tokenized U.S. Treasury sector has increased by 71%

On May 2, the cumulative value of tokenized U.S. Treasury bonds reached $6.5 billion, a record high. But in just one week, that number has risen 6% to $6.89 billion and attracted about $390 million in new capital. Since January 1, 2025, the tokenized U.S. Treasury sector has grown 71%, with a valuation from $4.03 billion to the current $6.89 billion. BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) has injected $36 million since May 2, bringing its total size from $2.871 billion to $2.907 billion.

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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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