Spot Gold Rises Above $3,400 per Ounce, Up Over 1% Intraday
Spot gold rises above $3,400 per ounce, up over 1% intraday.
Arizona Signs HB 2749 Bill, Establishing First Crypto Reserve Account
Arizona state legislative records show that the HB 2749 bill has been officially signed into law by the governor, marking the establishment of the state's first crypto reserve. The reserve will not be used for investment, but will receive unclaimed virtual assets, airdrops, and staking rewards, storing them in their native form, becoming an important pilot for crypto public financial management in the United States.
OCC Allows US Banks to Buy and Sell Custodied Crypto Assets and Outsource Related Services
The Office of the Comptroller of the Currency (OCC) issued new guidance (Interpretation Letter No. 1184), clarifying that national banks and federal savings associations can buy and sell crypto assets under their custody as per customer instructions, and allow outsourcing of crypto asset custody and execution services to third parties, provided they comply with third-party risk management standards.
Stripe Launches Stablecoin Financial Accounts Supporting Merchants in 101 Countries
Stripe announced the launch of "Stablecoin Financial Accounts", supporting business users in 101 countries and regions to hold USDC or USDB stablecoin balances, which can be sent and received through fiat and crypto channels. The account is custodied by Stripe's Bridge, with funds transferable via ACH, wire transfer, or crypto wallet, and supports transfers to bank accounts or crypto addresses. Stripe also plans to offer a USDC-denominated Visa card. USDB is a closed-loop stablecoin, meaning it is not publicly sold. USDB is an infrastructure stablecoin issued by Bridge, always corresponding one-to-one with US dollar cash and short-term money market funds held by BlackRock.
According to Jin10, at 02:00 Beijing time on Thursday, the Federal Reserve maintained interest rates unchanged for the third time, keeping the benchmark interest rate target range at 4.25%-4.50%, in line with market expectations, taking a cautious stance amid increasingly uncertain economic prospects due to tariff policies. Although the Fed believes the economy is still "steadily expanding", the FOMC's post-meeting statement unusually warned that the risks of high inflation and high unemployment are rising synchronously, making the economic outlook more uncertain.
According to The Information, sources revealed that David Bailey, who provided crypto currency policy advice during Trump's 2024 campaign, is raising $300 million to establish a publicly listed Bitcoin investment company. He is following a series of crypto currency acquisition companies trying to replicate Michael Saylor's successful strategy. Bailey plans to raise $200 million through new stock private placement and $100 million through convertible bonds.
US Treasury Secretary: Digital Assets Demand for US Treasuries Could Reach $2 Trillion
According to Jin10, US Treasury Secretary Besent stated that digital assets demand for US Treasuries could reach $2 trillion.
Arizona Senate Approves Bitcoin Reserve Bill SB 1373, Sends it to Governor
According to Bitcoin News, the Arizona Senate approved the Bitcoin reserve bill SB 1373 and sent it to Governor Katie Hobbs for final decision. Previously, the Arizona governor had vetoed the state's strategic Bitcoin reserve bill SB 1025.
Vaulta: EOS Token Will Become A Token on May 14, with 1:1 Exchange Ratio
Web3 bank Vaulta (formerly EOS) announced on X platform that the EOS token will become an A token on May 14. The exchange ratio is 1:1, with no changes to token economics and no exchange fees, and can be completed through official channels on May 14. Previously, EOS transformed into a "web3 bank" and renamed to Vaulta, planning to launch a new token.
sns.sol Will Distribute 2 Billion SNS in Genesis Airdrop, Representing 20% of Total Supply
Solana domain service sns.sol (formerly Bonfida) announced that as part of its initial deployment, it will distribute 2 billion SNS tokens (20% of total supply) in the SNS genesis airdrop. Of these, 1.5 billion tokens will be airdropped to approximately 275,000 wallets holding at least one .sol domain at the Snapshot time. 500 million tokens will be distributed to ecosystem partners who have supported and grown the SNS community.
According to Cointelegraph, decentralized stablecoin protocol Lista DAO announced a strategic partnership with Trump family crypto project World Liberty Financial (WLFI), aiming to enhance DeFi accessibility and utility in the BNB Chain ecosystem. The collaboration will combine the institutions' expertise to provide users with more opportunities to engage with stablecoins and advanced lending mechanisms. Currently, Lista Lending platform has launched USD1 lending vault service, allowing users to borrow USD1 stablecoin at a preferential rate of 0.39% by collateralizing various assets. Future plans include launching USD1/lisUSD liquidity pool and accepting USD1 as collateral on Lista DAO's CDP platform.
Eric Trump: I Own a Lot of Bitcoin, and Trump Owns Quite a Bit Too
According to Bloomberg, Trump Organization Executive Vice President and Trump's son Eric Trump stated at the Dubai Token2049 event: "I like Bitcoin. I firmly believe it is digital gold. I personally own a lot of Bitcoin, and Trump (his father) owns quite a bit too. I think Bitcoin will grow exponentially in the coming years. For me, this is a big bet." Eric Trump also mentioned that World Liberty's mission is to "take over the financial world".
Binance to Introduce Alpha Points Consumption Mechanism from May 13
According to Binance's official announcement, starting from May 13, 2025, Binance will introduce an Alpha points consumption mechanism. Under this mechanism, when users successfully participate in token generation events (TGE) or claim airdrops, the system will deduct a certain number of Alpha points.
Binance Alpha and Binance Futures to List Doodles (DOOD)
According to the official announcement, Binance Alpha will list and open trading for Doodles (DOOD) on May 9, 2025. Additionally, the Binance contract platform will launch DOODUSDT perpetual contracts on May 9, 2025, with a maximum leverage of 50x. The specific trading time will be announced on May 9, 2025. Binance is the first platform to announce the opening of Doodles (DOOD) contract trading and showcase the DOOD token on Binance Alpha. As a listing benefit, all qualified Binance Alpha points users will receive a DOOD token airdrop within 10 minutes after trading begins. The details of the token airdrop will be announced on May 9, 2025. Starting from May 13, 2025, Binance will introduce an Alpha points consumption mechanism. According to this mechanism, when users successfully participate in a token generation event (TGE) or claim an airdrop, the system will deduct a certain number of Alpha points.
Musk and Garry Tan Endorse "Mog/Acc" Identity, Driving MOG Token Price Up
According to CoinDesk, the meme token MOG Coin on Ethereum and Base is creating a cultural wave in the tech elite circle. This token, based on Ethereum and Base chains, combines "mogging" (internet slang meaning to become stronger and faster) with "accelerationism", forming a unique "mog/acc" cultural movement. From Y Combinator founder Garry Tan to Musk and other opinion leaders, many have changed their profile pictures to iconic Pit Vipers colorful sunglasses, driving the token up 11% this week and over 130% this month. Accelerationist philosophy advocates pushing technological change at any cost, while mog/acc transforms this into a spreadable visual symbol through meme tactics. Solana ecosystem projects like Raydium and Jupiter have joined this movement, changing their official avatars to cats or mascots wearing Pit Vipers. Some developers have even created bots that automatically generate mog/acc style avatars, which went viral within hours of launch. This stands in interesting contrast to Ethereum founder Vitalik Buterin's "defensive accelerationism" (d/acc) proposed in 2023 - which emphasizes avoiding greedy paths in technological development. Mog/acc completely strips away theoretical shells, building an internet-native identity through memes. Analysts note that this method of converting abstract philosophy into wearable symbols is replicating the spread path of the Dogecoin "Shiba spirit" from years ago.
DeFi protocol Resolv has announced its token economics. The RESOLV token utility includes governance access, dual rewards, enhanced points multiplier, and long-term staking multiplier. The total supply of RESOLV tokens is 1 billion, with the first season airdrop accounting for 10%, ecosystem and community at 40.9%, team and contributors at 26.7%, and investors at 22.4%. The RESOLV token is about to undergo TGE, with registration opening in the first half of May, featuring a one-week registration period (eligible for points plan participants and Resolv beneficiaries). Users will be screened before the official airdrop to detect Sybil attacks and malicious actors. The token claiming page will remain active for 30 days. Previously in April, Resolv Labs completed a $10 million seed round, led by Cyber.Fund and Maven11.
