24H Hot Coins and News | Powell: Trump's call for rate cuts will not affect the Federal Reserve; Many crypto industry professionals seek Trump's pardon (May 8)

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2 days ago
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  1. Top Cryptocurrencies on CEX

Top 10 CEX Trading Volume and 24-Hour Price Changes:

  • BNB: 0.70%

  • BTC: 2.27%

  • ETH: 1.13%

  • SOL: 2.19%

  • KAITO: 24.01%

  • EOS: 17.95%

  • LAYER: -27.22%

  • DOGE: 3.61%

  • SUI: 5.14%

  • HIGH: 20.75%

24-Hour Gainers (Data from OKX):

  • DUCK: 34.08%

  • ETHFI: 13.64%

  • PENGU: 13.48%

  • MOODENG: 13.47%

  • PIXEL: 12.73%

  • MERL: 12.40%

  • KAITO: 12.09%

  • GOAT: 11.89%

  • BCH: 10.97%

  • DEGEN: 10.65%

2. Top 5 Meme Coins on Chain (Data from GMGN):

  • POPCAT

  • Fartcoin

  • mog/acc

  • KMNO

  • AGI

3. 24-Hour Hot Search Cryptocurrencies

Mikami: Mikami is a meme coin launched on the Solana chain by famous Japanese artist Yua Mikami on April 30, 2025. Total supply is 69 million tokens, with 50% held and locked by Yua Mikami until 2069, 20% for pre-sale, 15% for liquidity, 10% for community building, and 5% for marketing. The pre-sale raised approximately 23,320.74 SOL within 72 hours. The project plans to leverage fan economy with interactive platforms, merchandise, and global meet-and-greets, but has no actual investment value and carries high risks. Mikami token is now trading on-chain, currently priced at $0.134, down about 54% from the pre-sale cost of $0.245, with a market cap of around $9.65 million.

Headlines

Powell: Trump's Call for Rate Cut Will Not Affect the Federal Reserve

Last month, Trump called Federal Reserve Chairman Powell the "biggest loser" for refusing to immediately cut rates to cushion the trade war. At a press conference, when asked about Trump's demands, Powell rebutted the president, stating that such pressure "really won't affect our work or what we're going to do". Powell emphasized that the Federal Reserve is focused on economic data and its dual mandate.

Multiple Crypto Industry Figures Seek Trump's Pardon, Lawyer Fees Reach Millions

As Trump's second-term pardon cases surge, multiple crypto industry figures including FTX founder Sam Bankman-Fried, Binance co-founder CZ, and early Bitcoin evangelist Roger Ver are actively seeking a White House pardon. Some are pursuing this through donations, social media campaigns, and lawyer fees up to millions of dollars. Reportedly, Roger Ver has hired lawyers and lobbyists close to Trump, and the Bankman-Fried family has engaged Republican lawyers to submit a pardon application. Trump has already pardoned or reduced sentences for 1,600 people, exceeding the total from his first term.

Opinion: Caution Advised When Signing Transactions After Ethereum Pectra Upgrade

Former Immunefi smart contract developer and security engineer Vladimir posted on X platform that with the Ethereum Pectra upgrade, users can fully withdraw by signing just one message, so extra caution must be exercised when signing transactions.

Analyst: Federal Reserve Likely to Indicate No Intention to Break Deadlock in Short Term

US and Eurozone government bond yields remained almost unchanged in early trading as investors remain cautious ahead of the Federal Reserve policy meeting. The Fed is expected to maintain unchanged rates on Wednesday and is unlikely to signal rate cuts in the coming months due to recent strong US economic data. KBC bank analysts stated in a report: "The Federal Reserve is expected to maintain stable rates and indicate no intention to break the deadlock in the short term."

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US Senator Warren: The 'GENIUS Bill' May Facilitate Presidential Profiteering, Calls for Senate Rejection

US Senator Elizabeth Warren stated on X platform, "Trump has already made a $2 billion deal with a suspicious fund in the UAE through his stablecoin. The Senate will vote on the 'GENIUS Bill', a crypto bill that will make the president's fraudulent actions easier. If we do not address this issue, no senator should vote to support it."

Project News

Binance Postpones Movement (MOVE) HODLer Airdrop

According to the official announcement, based on the latest developments of the Movement project, Binance has decided to postpone the MOVE HODLer airdrop until the project-related investigation results become clearer. During this period, the MOVE tokens for the HODLer airdrop will be temporarily stored in the following public wallet for user reference, ensuring community visibility and transparency.
Previously, Binance was originally scheduled to launch an additional HODLer airdrop plan (5% of the token's maximum supply) six months after listing MOVE for trading.

Ethereum Foundation Co-Executive Director Establishes Venture Capital Firm Lantern Capital

Ethereum Foundation Co-Executive Director Tomasz Stańczak announced on X platform the establishment of early-stage venture capital firm Lantern Capital with Gökhan and Nethermind, where he will join as an investment committee general partner representing Nethermind. Lantern Capital will support founders in creating the next wave of applications and experiences, enabling AI systems to interact effectively with blockchain, focusing on achieving secure, verifiable coordination, including enhancing agent experience (AX) and ensuring underlying infrastructure can reliably support these more dynamic use cases.

WLFI Launches Snapshot Proposal to Airdrop USD 1 Stablecoin to WLFI Holders

According to World Liberty Financial's official announcement, they have launched a Snapshot proposal to test the on-chain airdrop function, planning to distribute a small amount of USD 1 stablecoin to all eligible WLFI holders to verify the actual operation of the airdrop system and reward early supporters. The airdrop will be funded by WLFI and executed on the Ethereum mainnet, with specific distribution amount and eligibility criteria to be announced later. Voting is currently open and will end on May 14, with the voting page showing 100% support rate.

Binance Alpha Score of 142 Qualifies for Polyhedra Network (ZKJ) Airdrop

According to official information, Binance users with an Alpha score of 142 will receive a Polyhedra Network (ZKJ) airdrop, and those with an Alpha score between 64 (inclusive) and 141 (inclusive) with a Binance account UID ending in "2" will receive a lucky airdrop.

Humanity Protocol Launches Beta Testnet

Blockchain identity authentication platform Humanity Protocol announced on social platforms that it has officially launched the Beta testnet, adding features such as dashboard, HP points, and social credentials.

Strike Launches Bitcoin Mortgage Loan Service with Minimum Loan Amount of $75,000

Bitcoin Lightning Network payment app Strike, founded by Jack Mallers, announced the official launch of crypto loan service "Strike Lending". The service is for individual and corporate users, initially open only in specific US regions with plans to expand globally. Users can obtain cash using Bitcoin as collateral without selling their holdings, with a 12-month loan term ranging from $75,000 to $2 million, with an annual interest rate of at least 12%, and no loan origination or early repayment fees, without affecting credit scores. Strike emphasizes that its loans are supported by vetted capital providers, with assets held in custody by partner institutions, and the platform always bears legal responsibility for user assets.

Report Claims Insider Trading Before MELANIA Launch, Profiting Around $100 Million

Before Melania Trump publicly launched her meme coin MELANIA on January 19, a group of crypto traders purchased tokens worth $2.6 million, profiting around $100 million. After Trump announced the meme coin's launch, its price surged from around $2.00 to $12.95, a 550% increase. Traders sold their positions within 12 hours.
The report indicates that 24 accounts purchased 16.7 million MELANIA tokens from the planned total supply, and 22 more accounts bought tokens worth $900,000 within 42 seconds after the launch.
MELANIA and Donald Trump's TRUMP tokens are under legislative scrutiny for potential conflicts of interest and corruption. Since their launch in January, both tokens have significantly declined in price, with MELANIA at $0.31 and TRUMP at $10.90 at the time of reporting.

Investment

Former Trump Crypto Policy Advisor Plans Bitcoin Investment Company, Seeks $300 Million Fundraising

According to informed sources, David Bailey, who served as a crypto policy advisor during Donald Trump's 2024 campaign, is raising $300 million to establish a publicly traded Bitcoin investment company, attempting to replicate the success of Michael Saylor's Strategy, which has transformed into a Bitcoin investment company raising funds through private equity and convertible bonds.

Digital Asset Infrastructure Platform Fuze Completes $12.2 Million Series A, Led by Galaxy

Digital asset infrastructure platform Fuze announced completing a $12.2 million Series A funding round, led by Galaxy, with participation from e& capital and Further Ventures. Fuze's current white-label solutions enable organizations to easily provide digital assets such as stablecoins, cryptocurrencies, central bank digital currencies (CBDCs), and tokenized assets, with new funds set to expand its enterprise customer base and service range in the Middle East and North Africa.

Personal Voices

CZ Proposes Reducing BSC Gas Fees

Binance founder CZ proposed reducing BSC gas fees by 3 or 10 times on X.

Wonderland Founder: Jeffy Yu Faked His Own Death, Actually Still Alive

Crypto KOL and Wonderland founder Daniele wrote that Zerebro project developer Jeffy Yu fabricated his own death. Funeral websites, obituaries, and mourning posts appeared consecutively, and the entire crypto community mourned for him. However, there is now conclusive evidence that he is still alive.
Daniele's open letter reveals this as a carefully planned "fake death exit" strategy. The Zerebro founder admitted in the letter that this was the "only way out" to prevent the project's token price from crashing. This incident is considered the first "fake death exit strategy" in crypto history.

'Rich Dad Poor Dad' Author: Bitcoin Superior to Gold and Silver Due to Limited Supply

'Rich Dad Poor Dad' author Robert Kiyosaki stated on X platform that a key reason for trusting Bitcoin is its fixed total supply of only 21 million coins.
He noted that he owns gold, silver, and oil wells, and when gold, silver, or oil prices rise, he can increase supply by mining more. However, Bitcoin's supply cannot be increased, with 21 million being the absolute limit. Therefore, he believes Bitcoin is a better asset than gold and silver.

US Treasury Secretary Besant: Digital Assets Demand for US Treasuries Could Reach $2 Trillion

US Treasury Secretary Besant stated that digital assets demand for US Treasuries could reach $2 trillion.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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