The Federal Reserve keeps interest rates unchanged. Ether.fi is launched on the Base network

Headlines

▌Liquidity Re-Pledge Protocol Ether.fi Launches Base Network

Golden Finance reported that the liquidity re-pledge protocol ether.fi said on social media that ether.fi is online on the Base network. Users can now integrate with various other protocols on Base, including Aerodrome, Balancer, and Extra Finance. All eligible users can claim reward points from ETP (Etherfi Treasury Pool), including additional rewards before the next season.

▌The boycott of Binance.US by U.S. states continues

Golden Finance reported that the strong boycott of Binance.US by U.S. states continues. Following a series of rejections earlier this year, Oregon has become the sixth state to revoke, suspend or refuse to renew Binance.US's operating license.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is 57,800.46 US dollars, with a daily increase or decrease of -3.6%;

ETH's latest transaction price is 2,949.20 US dollars, with a daily increase or decrease of -1.1%;

BNB's latest transaction price is 556.39 US dollars, with a daily increase or decrease of -2.4%；

SOL's latest transaction price is 131.52 US dollars, and its intraday increase or decrease is +5.5%；

DOGE's latest transaction price is 0.1273 US dollars, and its intraday increase or decrease is -2.3%；

XPR's latest transaction price is 0.518 US dollars, and its intraday increase or decrease is +4.2%。

Policy

▌Jack Dorsey's Block is under review by US authorities for non-compliance

According to an NBC News investigation, financial technology company Block's Square and Cash App divisions are under review by US federal prosecutors for suspected sanctions violations and other non-compliance issues. As US authorities discovered "extensive" compliance issues in the company's two major departments, former employees of the company founded by Jack Dorsey are in contact with prosecutors.

▌U.S. lawmakers propose digital asset tax transparency bill

Golden Finance reported that U.S. Representative Wiley Nickel and Republican Drew Ferguson proposed a bill called the Digital Asset Tax Transparency Act on Tuesday, clarifying that staking rewards should only be taxed when sold, aiming to prevent double taxation.

Blockchain applications

▌Rootstock founder: Bitcoin's programmability may appear within 12 months

Golden Finance reported that Rootstock founder Sergio Demian Lerner said that Rootstock's new plan to bring programmability to Bitcoin may be launched within the next 12 months. The project enables the development of a second layer network on top of Bitcoin without any major changes to the underlying code of the blockchain. Lerner, an Argentinian developer, discussed the project at the Bitcoin++ Developer Conference in Austin on Wednesday.

▌Web3 interoperability platform Wormhole announces ZK technology roadmap

Golden Finance reported that Web3 interoperability platform Wormhole announced the ZK technology roadmap on the X platform, aiming to bring ZK technology into the Wormhole ecosystem.

Cryptocurrency

▌AMP Foundation announces the launch of the Anvil Protocol mainnet and launches the governance token ANVL airdrop

On May 2, the AMP Foundation (AF) announced the launch of the initial phase of the Anvil Protocol mainnet launch and launched the protocol's governance token ANVL. The Anvil Protocol aims to become a scalable collateral primitive in the DeFi field, and the ANVL token will be in charge of all core matters including protocol upgrades, asset support, and external contract approval. AF stated that in order to support the launch of the Anvil mainnet, it will airdrop ANVL tokens for free to addresses that provide AMP collateral on the Capacity platform. The ANVL obtained from the airdrop will follow a 48-month linear release plan, starting 12 months after the snapshot date, for a total of 60 months.

▌1.7 trillion SHIB transferred from Robinhood to unknown wallet

Golden Finance reported that according to Whale Alert monitoring, around 06:49:47 Beijing time today, 1.7 trillion SHIB (39,333,364 US dollars) was transferred from Robinhood to an unknown wallet.

▌800 million XRP are locked in Ripple custody

Golden Finance reported that according to Whale Alert monitoring, around 07:50:50 Beijing time today, 800,000,000 XRP (414,180,999 US dollars) was locked in Ripple custody.

▌BTC breaks through $58,000 again

Golden Finance reported that the market shows that BTC has broken through $58,000 again and is now trading at $58,013.32. The intraday decline has narrowed to 3.65%. The market is volatile, so please do a good job of risk control.

▌The number of bitcoins held by global bitcoin spot ETFs is 932,420

Golden Finance reported that according to HODL15Capital data, the updated bitcoin holdings of Bitcoin ETFs as of May 1: The number of bitcoins held by 11 bitcoin spot ETFs in the United States is 827,479, worth approximately US$50.716 billion; the number of bitcoins held by global bitcoin spot ETFs is 932,420, worth approximately US$56.877 billion.

▌BTC breaks through $58,000

Golden Finance reported that the market shows that BTC has broken through $58,000 and is now at $58,026.01. The intraday decline has narrowed to 3.97%. The market is volatile, so please do a good job of risk control.

Important Economic Dynamics

▌The Federal Reserve maintains interest rates unchanged

Golden Finance reported that the Federal Reserve has maintained its benchmark interest rate at 5.25%-5.50% for the sixth consecutive time, in line with market expectations.

▌The three major U.S. stock indexes rose, and the Nasdaq turned up again

Golden Finance reported that the three major U.S. stock indexes rose, and the Nasdaq turned up again.

Golden Encyclopedia

▌What isEthereum Futures ETF?

Ethereum Futures ETF is an investment fund that tracks Ethereum futures contracts rather than Ethereum itself. In 2021, Canada launched the first batch of Ethereum Futures ETFs. Although futures-based ETFs have been approved, the U.S. Securities and Exchange Commission (SEC) has not approved a spot Ethereum ETF in the country. Asset management companies regulate Ethereum futures ETFs. The main issuers that offer Ethereum futures ETFs are Bitwise, VanEck, and ProShares. These companies handle the complex issues involved in purchasing and disposing of futures contracts, controlling rollovers to retain risk exposure, and ensuring that ETFs comply with legal requirements.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish correct investment concepts and be sure to increase risk awareness.