Market data shows that BTC has successfully broken through the $97,000 mark, with the current quote at $97,018.29, representing a 24-hour increase of 2.42%. As of the time of publication, according to Coingecko data, the recent trading price of BTC was $96,970.02, with an intraday increase of 2.5%.
The market fluctuates sharply. Investors need to closely monitor market changes and do a good job in risk control. In terms of other major cryptocurrencies, the recent transaction price of ETH was $1,819.20, with an intraday increase or decrease of + 0.2%. The recent transaction price of BNB is $604.18, with an intraday increase or decrease of + 1.1%. The recent transaction price of SOL is $147.10, with an intraday increase or decrease of + 0.6%. The recent transaction price of DOGE is $0.1726, with an intraday increase or decrease of + 1.4%. The recent transaction price of XPR is $2.15, with a daily increase or decrease of + 1.2%.
Pakistan and India exchanged fire in Pakistani-controlled Kashmir and the situation was tense
According to the Inter-Services Information Service of Pakistan on May 7th, clashes broke out between Pakistan and India along the line of control in Pakistani-administered Kashmir, and Pakistan immediately launched ground and air combat operations. Early in the morning of the same day, the Indian Ministry of Defence issued a press release confirming that the Indian Armed Forces launched an operation codenamed “Sindur” to strike facilities in Pakistan and the Pakistani-administered Kashmir region, and claimed that the region had planned and commanded attacks against India, causing the regional situation to suddenly become tense.
Cryptocurrency policy dynamics occur frequently
The Commodity Futures Trading Commission (CFTC) of the United States withdrew its appeal against the crypto prediction platform Kalshi. Previously, the CFTC attempted to prevent Kalshi from providing the market for predictions related to the November election, but a federal judge ruled that it “exceeded its authority”. Kalshi posted that “the election contract will continue to exist.” In addition, Senate Democrats announced that they will introduce a new bill to prohibit federal officials and their families from issuing digital assets, a move that directly targets stablecoins and meme coins held by the Trump family.
Jeff Merkley, a Democratic senator from Oregon, said that this behavior threatens national security and erodes public trust and must be banned. The governor of New Hampshire signed Bill HB 302, allowing the state finance to purchase Bitcoin and top digital assets, with a holding limit of 5% of the state’s total funds, and making strict regulations on asset custody, etc.
New progress has been made in the field of blockchain applications
ZKsync officially announced the realization of full EVM equivalence. Developers can directly deploy contracts using the EVM bytecode compiled and generated by Solidity, which is compatible with mainstream Ethereum development tools. However, this mechanism still has limitations such as differences in gas calculation and lack of support for some instructions. The sports brand Adidas has launched the Xociety game NFT blind box based on the Sui chain. 2,600 blind boxes will be minted at Tradeport at 9 a.m. Eastern Time on May 16th, containing in-game skins of different rarity levels.
The cryptocurrency market is constantly hot
Digital asset management firm Bitwise has submitted an application for the listing of its spot NEAR ETF to the US SEC, adding a new member to the competition among alternative currency ETFs. Doodles has officially announced that its native token DOOD is about to be listed on Solana and has launched an airdrop program. Doodles NFT holders and members of the “New Blood” community will be eligible for the airdrop. World Liberty Financial initiated a proposal on Snapshot to airdrop USD1 stablecoins to WLFI holders to test the airdrop functionality. Antalpha has launched the roadshow for its initial public offering of common stock and plans to list on the Nasdaq Global Market. As a major loan partner of Bitmain, the company provides Bitcoin supply chain and margin loan services through its technology platform.
Michael Saylor predicts that the scale of the Bitcoin industry will reach 200 trillion US dollars. The Bitcoin lightning payment app Strike has launched a crypto lending plan, with a starting loan amount of $75,000 and a maximum of $2 million, and an annual interest rate of at least 12%.
A list of important economic developments
Spot gold returned to the $3,400 mark, rebounding by more than $20 from the daily low, with the decline narrowing to 0.9%. Nvidia CEO Jensen Huang said that China’s artificial intelligence market is expected to reach about 50 billion US dollars in the next two to three years, and missing out on this market would cause “huge losses”. California Governor Newsom explained the reasons for suing the Trump administration’s tariff policy, saying that as a strong economic state in the United States, California has been severely affected in terms of goods imports and the number of tourists due to the tariff policy.
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