Meta Platforms CEO Mark Zuckerberg provided new insights into the company's ambitious AI strategy during a company-wide meeting on Thursday, according to Jin10, citing The Wall Street Journal. He addressed the market's negative reaction to Meta's first-quarter performance, attributing the 8% drop in Meta's stock price to investor concerns over increased capital expenditure forecasts and the company's warning of slower growth in the second quarter. Zuckerberg noted a shift in Meta's advertising business trajectory following the U.S. conflict with Iran in late February. He explained, "If oil prices rise, consumers tend to spend more on oil and gasoline, reducing expenditure on non-essential items, which are typically the focus of advertising." He linked next month's planned layoffs to the need for increased investment in data centers and other AI infrastructure. Zuckerberg stated, "The company essentially has two cost centers: computing and infrastructure, and personnel. If we allocate more funds to one area to serve our community, it means less capital is available for the other. Therefore, we need to moderately reduce the company's size."

US President Trump stated that he wouldn't care if Jerome Powell remained on the Federal Reserve Board of Governors after his term as chairman ended on May 15th, but his term as governor runs until 2028. He indicated his intention to "continue serving as governor for an indefinite period." Meanwhile, Kevin Warsh is expected to receive full Senate approval before Powell's term ends, and Powell's continued tenure could complicate Trump's efforts to reshape the Fed. When asked if he planned to take any action regarding Powell's decision to remain on the board, Trump replied, "No, I don't care if he stays. I just want to make sure Kevin gets the job."

The legislative process for the US cryptocurrency market structure is accelerating, with Congress pushing for a markup phase as early as mid-May. However, ethical concerns and the cryptocurrency interests associated with Donald Trump remain uncertain about the path forward. Senator Thom Tillis, one of the main proponents, stated that he has asked Senate Banking Committee Chairman Tim Scott to schedule hearings and advance the revision and voting process, while also hoping to release a new version of the bill before deliberation. However, Tillis emphasized that he will oppose the bill's passage if it does not include explicit ethical provisions. With the midterm elections approaching, ethical issues are expected to become a key focus for the Democratic Party.

Arbitrum DAO has launched a governance vote to release 30,766 ETH previously frozen to support DeFi United, a post-Kelp DAO recovery plan. These assets, valued at approximately $71.1 million, were frozen by the Arbitrum Security Committee on April 20th and were originally funds transferred into the Arbitrum network by the attackers. If the proposal passes, this will be the largest single investment in the DeFi United initiative. Initially, 16.9 million ARBs have supported the proposal, and there are currently no opposing votes. Voting will continue until May 7th.

The U.S. Senate unanimously passed a resolution (S. Res. 708) banning senators from participating in prediction market trading, effective immediately. The proposal, introduced by Bernie Moreno, aims to curb speculative trading using non-public information. Recent incidents have drawn regulatory attention, including cases of individuals profiting from confidential information in prediction markets. Meanwhile, platforms such as Kalshi and Polymarket are strengthening internal controls to prevent insider trading. At the state level, New York and Illinois have also implemented similar measures to restrict public officials from using non-public information to participate in prediction markets.

Latest data from the full-chain stablecoin USDT0 shows that its user base is predominantly retail investors: approximately 99.2% of holders have wallet balances below $1,000, only about 1,200 addresses hold between $100,000 and $1 million, and only 35 addresses hold over $10 million. The report indicates that USDT0's primary use case is small-value cross-chain transfers, with active users primarily engaged in daily transactions rather than large-scale fund flows. However, in terms of transaction volume, transactions exceeding $1 million still account for approximately 68.8% of the total transaction volume. USDT0 was launched by Everdawn Labs and is supported by LayerZero and Tether, pegged 1:1 to USDT. It has now expanded to 23 chains, with a total transaction volume of $86.7 billion, making it the third-largest USDT holder after Binance and OKX. (The Block)

U.S. President Donald Trump has mandated federal agencies to prioritize fixed-price agreements for government procurement. Bloomberg posted on X, highlighting Trump's decision to move away from cost-reimbursement contracts, which he argues can result in excessive spending. This directive aims to enhance fiscal responsibility and control over government expenditures.

Arbitrum DAO has initiated a voting process to decide on the release of 30,766 ETH, which was frozen by the Arbitrum Security Council following the Kelp DAO attack. According to NS3.AI, the voting will continue until May 7. In the first hour, the proposal received support from 16.9 million ARB tokens, with no opposition votes recorded. The frozen funds are part of approximately $71.1 million in ETH that the attacker transferred to an Arbitrum One address on April 20.

Bombardier's CEO, Eric Martel, who took the helm in 2020, has overseen significant changes in the company as it navigated financial challenges. Bloomberg posted on X that Martel now speaks confidently about Bombardier's reduced debt load, marking a notable turnaround from its previous struggles to stave off bankruptcy. The company has undergone substantial restructuring efforts to stabilize its financial position. Martel's leadership has been pivotal in steering Bombardier through these turbulent times, focusing on strategic initiatives to ensure long-term sustainability.

Meta Platforms CEO Mark Zuckerberg has announced plans to reduce team sizes across various departments within the company. According to Jin10, Zuckerberg attributed the decision to changes in sales trajectories caused by the ongoing conflict in Iran. The company is adjusting its strategy in response to the evolving geopolitical situation, which has affected its business operations.

The next phase of digital assets will be less about a boom in consumer tokens and more about a competition around regulatory tracks.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse.

The financial system is being rewired both externally and internally, and AI Agents will be among the first users to utilize this new pipeline on a large scale.

Eric Trump appeared on American Bitcoin's earnings call.

KelpDAO, AAVE, rsETH, THORChain: From Tornado Cash to THORChain: A Major Shift in Hacker Money Laundering Routes (Golden Finance) Why are Hackers Turning to THORChain?

"I won't see you next time"—with his term coming to an end, Powell's era is entering its final countdown.

Crypto Market: Where to Go After the Bubble? 2026 Digital Asset Market Analysis Report (Jinse Finance): A Look at the Cycle of Life and Death in the Crypto Industry Through a Century of Technological History.

2025 will be a landmark year for RWA.

The advent of the AI ​​Agent economy is providing Web3 with opportunities to truly operate within economic activities.

A sweeping international law enforcement operation has dismantled a network of industrial-scale crypto scam centers, with 276 individuals arrested and at least nine operations shut down in a coordinated crackdown consisting of the Dubai authorities alongside the Federal Bureau of Investigation and China’s Ministry of Public Security.