U.S. Senator plans to amend GENIUS bill BlackRock increases its holdings of 9,989 ETH
Reprinted from jinse
05/23/2025·21DHeadlines
▌U.S. Senators intend to amend GENIUS bill to prevent the Trump family from profiting from stablecoins
U.S. Senate Minority Leaders Chuck Schumer, Elizabeth Warren and Jeff Merkley will propose amending the GENIUS Act to prevent the U.S. President from profiting from stablecoins. "If the anti-corruption amendment is not included, it means Congress stamps Trump's influence to the highest bidder."
Trump and his three sons are involved in the World Liberty Financial (WLFI) platform, which launched the USD1 stablecoin in March. Critics pointed out that if relevant legislation recognizes USD1 as a financial instrument, the president may benefit from it.
▌BlackRock increased its holdings of 9989 ETH, worth approximately US$26.47 million
According to Arkham monitoring data, about two hours ago, BlackRock increased its holdings of 9,989 ETH from Coinbase Prime hot wallet address through its Ethereum exchange-traded fund ETHA, worth $26.47 million. Historical trading data shows that this is the third consecutive day BlackRock has increased its holdings of ETH, and has increased its holdings of 5,449 ETH and 8,162 ETH respectively in the previous two days, worth approximately US$34.34 million.
Quotes
As of press time, according to Coingecko data:
BTC's recent transaction price is US$111,651, up and down +1.6% intraday;
ETH's latest transaction price is US$2,660.18, with an intraday increase of +4.1% ;
BNB's recent transaction price is US$685.56, with an intraday increase and decrease of +1.6% ;
SOL's latest transaction price is US$180.05, with an intraday increase and decline of +3.6 % ;
DOGE's latest transaction price is US$0.2459, with an intraday increase and decrease of +4.4 % ;
XPR's recent transaction price is US$2.43, with an intraday increase and decrease of +1.4 % .
policy
▌Bloomberg analyst: Many crypto ETFs have been postponed for review by the US SEC again
According to a Bloomberg analyst James Seyffart, "As expected, several crypto ETFs have once again encountered the U.S. SEC extension review, and the extension projects include Bitwise and CoinShares' XRP ETF, Litecoin ETF and Fidelity Bitcoin ETF in kind redemption applications."
▌Democratic leaders propose bills to combat "crypto corruption"
Rep. Maxine Waters, the leader of the Democratic Party, has proposed a new bill to address concerns raised by the president's inclusion in digital assets, calling for an end to "cryptocurrency corruption." Waters and 14 other Democratic co-sponsors proposed the Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025. The bill aims to prohibit the president, vice president, members of Congress and their immediate family from "holding a proportion that is sufficient to allow them to unilaterally change their digital assets", as well as other relevant provisions.
▌Trump : The United States dominates cryptocurrency, Bitcoin and other fields
Trump posted on TruthSocial, a social media subsidiary, saying, "We will go to Louden County, Virginia to attend a cryptocurrency dinner later. The United States is dominant in cryptocurrency, Bitcoin and other fields, and we will continue to maintain this momentum."
Blockchain application
▌ Wormhole announces the introduction of DOGE with a market value of US$35 billion into the Solana ecosystem
Wormhole today announced that it will introduce DOGE with a market value of $35 billion into the Solana ecosystem through its Native Token Transfers (NTT) framework and Zero Knowledge Proof-of-Knowledge (ZKPs) technology developed by Psy and RISC Zero. DOGE will become a native asset of Solana, significantly improving its practicality and accessibility in the wider crypto market.
“Bringing DOGE to Solana combines two industry giants – leading blockchain by volume and top 10 digital assets in market capitalization,” said Wormhole co- founder Robinson Burkey.
Wormhole said, "It has introduced more than US$11.5 billion in capital to the Solana ecosystem, and is currently the largest cross-chain interoperable infrastructure platform. Its NTT framework supports frictionless transfer of multi-chain tokens, maintains ownership and contract upgrade capabilities, and provides greater flexibility to the market."
Cryptocurrency
Centrifuge expands RWA of US$400 million Treasury Fund to Solana
RWA platform Centrifuge announced that it will expand its tokenized asset services to the Solana blockchain, with the starting project being the $400 million tokenized US Treasury Fund (JTRSY) managed by Anemoy. The deJTRSY token corresponding to the fund will enable Solana users to earn profits from short-term Treasury bonds on platforms such as Raydium, Kamino and Lulo. Centrifuge said the expansion is based on its "deRWA Token" standard, allowing tokens to be freely transferred and used between DeFi protocols. The Solana Foundation also cooperated with R3, a bank-focused blockchain technology company this week to introduce real-world assets, and the Apollo Credit Asset Fund issued by Securitize will also be connected to the DeFi protocol of the Solana ecosystem.
▌Faba Asset Management issues tokenized money market fund shares on Allfunds blockchain
BNP Paribas Asset Management (BNPP AM) has issued a native digital share of a money market fund (MMF) on the Allfunds blockchain. Most tokenized funds are based on existing funds, and this time it is creating a brand new native digital share. The new share was then used in a cross-border transaction with French counterparties.
BNPP AM serves as a transfer agent and transaction service provider, and Allfunds Blockchain is a technical partner. The attractiveness of this solution is to improve efficiency and move from bulk subscription and redemption to instant transactions at net value. In addition, after the European Central Bank launches a wholesale DLT settlement plan, it is expected to achieve faster settlement.
BNPP AM's move is also exploring the potential of MMF tokenization to attract crypto-native institutions and retail investors.
▌The Blockchain Group, the first Bitcoin capital company in Europe, increased its holdings of 227 Bitcoins
According to Cointelegraph, The Blockchain Group, the first Bitcoin funding company in Europe, recently spent 21.2 million euros to purchase 227 Bitcoins, bringing its total holdings to 847.
▌Salvador has increased its holdings of 8 Bitcoins in the past 7 days, with a total holding of 6,185.18
According to data from the website of the El Salvador Ministry of Finance, El Salvador has increased its holdings of 8 bitcoins in the past 7 days, and its current Bitcoin holdings reach 6185.18 pieces, with a total value of US$690 million. In the past 30 days, El Salvador has increased its holdings by 31 bitcoins.
Important economic trends
▌US media: Trump enters the market with a huge sum of $600 million and vows to win the Senate and House of Representatives in the midterm elections
According to the Associated Press, three people familiar with the matter revealed that U.S. President Trump raised at least $600 million in political donations for the midterm elections. This is an unprecedented number in modern politics, especially for a "lame duck" president who was forbidden to run again by the U.S. Constitution. According to people familiar with the matter, Trump's ultimate goal is to raise $1 billion or more and control the Senate and House of Representatives in November next year. Trump is eager to reverse the trend that Republican candidates are often surpassed by Democrats and hopes to maximize the presidential influence. The remaining funds after the term ends can help him maintain his immense influence on the Republican Party, cementing his position as the most influential decision-maker and potential patron in 2028 and beyond.
▌Federal officials: Encourage institutions to actively utilize SRF tools to address market liquidity challenges
Roberto Pelley, an official in charge of monetary policy in the New York Fed, said Thursday that while the market is still abundant, the Fed is encouraging financial institutions to use the standing repurchase facilitation tool (SRF) more actively when appropriate. "I encourage counterparties to use SRF when economically reasonable. This tool exists to support the effective implementation of monetary policy and promote the smooth operation of the market. If the SRF can work as intended, it will be in the best interest of all." In his speech, Paley reiterated that the New York Fed will adjust its operating arrangements in the near future, extending the current SRF operation only in the afternoon to the morning session, and completing the settlement on the same day. This is an important step to improve the effectiveness of the tool and marginally helps the Fed maintain a relatively smaller balance sheet size. Paley noted that there may be some way to go on the continued balance sheet shrinkage, although there are signs that money market liquidity is tightening. As the Fed shrinks its balance sheet and lowers its reserve levels, upward pressure on money market interest rates may increase.
▌Trump wants to clear the way for the firing of Powell US Supreme Court: The Federal Reserve is unique
The U.S. Supreme Court ruled Thursday that the Fed is unique among government agencies. The court's ruling involves the case of the leader of an independent agency who was removed from office by Trump. The court ruled that the officials could still be removed from office until the case was fully heard. But the Fed is different. "The Fed is a uniquely structured quasi-private entity." President Trump has criticized Powell several times and said in April that "no sooner firing Powell is enough."
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.
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