OKX market shows that BTC has broken through 104,000 USDT and is now at 104,015.9 USDT, with a 24-hour increase of 0.62%. (This newsletter is generated with the assistance of AI)

Meanwhile, well-known crypto analyst Timothy Peterson has an exciting analysis suggesting that Bitcoin will hit a New all-time high soon, citing historical bullish trends. Let’s find out when BTC will hit … source: https://coinpedia.org/news/bitcoin-price-to-hit-115k-in-next-60-days-predicts-analyst-timothy-peterson/

According to Odaily, the U.S. Senate encountered obstacles on Thursday in advancing the newly revised GENIUS stablecoin bill to formal debate, as some senators claimed they had not seen the text before voting. On Friday, media outlets obtained the latest version, revealing significant amendments. The most notable change is that foreign issuers like Tether, regardless of their registration location, will fall under U.S. jurisdiction if they serve American users. The revised GENIUS Act introduces several core changes. Firstly, it restructures jurisdiction by adding an 'extraterritorial application' clause, requiring foreign issuers targeting U.S. users to comply with regulations. This move aims to end the regulatory ambiguity surrounding Tether, highlighting the bill's focus on the company, which is reportedly the seventh-largest holder of U.S. Treasury bonds. Additionally, the bill allows for an expanded range of reserve asset types. Secondly, the definition of service providers is broadened to include developers, validation nodes, and self-custody wallets as 'digital asset service providers.' This expansion raises new debates on whether DeFi protocols must adhere to the Bank Secrecy Act and anti-money laundering regulations. It also stipulates accountability for using unauthorized stablecoins, such as decentralized stablecoins. Thirdly, the bill includes a safe harbor provision, granting the Treasury Secretary the authority to offer regulatory flexibility for small or experimental projects, while permitting unilateral action in 'emergency situations,' a move criticized for granting excessive administrative power. Currently, the bill has only garnered support from the Republican Party, and without Democratic backing, its passage remains uncertain. Industry experts anticipate that the Senate may initiate another motion for debate before the end of the month.

Ethereum (ETH) price finally broke the $2K barrier, trading at around $2,300 after going past critical resistance. This raises hopes it could climb to $3,000 and $4,000. The sharp move up started after the Federal Open Market Committee’s decision to hold interest rates steady on May 7 led to an across-the-board risk-on digital assets source: https://www.thecoinrepublic.com/2025/05/10/ethereum-eth-price-targets-4000-after-breaking-key-resistance-levels/

كسر سعر الإيثريوم (ETH) أخيرًا حاجز 2 ألف دولار، حيث يتم تداوله عند حوالي 2,300 دولار بعد تجاوز المقاومة الحرجة. وهذا يزيد من الآمال في إمكانية صعوده إلى 3,000 دولار و4,000 دولار. source: https://www.thecoinrepublic.com/ar/2025/05/10/%d8%b3%d8%b9%d8%b1-%d8%a7%d9%84%d8%a5%d9%8a%d8%ab%d9%8a%d8%b1%d9%8a%d9%88%d9%85-eth-%d9%8a%d8%b3%d8%aa%d9%87%d8%af%d9%81-4000-%d8%af%d9%88%d9%84%d8%a7%d8%b1-%d8%a8%d8%b9%d8%af-%d9%83%d8%b3%d8%b1/

Odaily Planet Daily News On Thursday, the Senate failed to push the newly revised stablecoin GENIUS Act into the formal debate process, and some members said they had not seen the text of the bill before voting. The latest version obtained by the media on Friday showed that the biggest revision is: as long as it serves American users, foreign issuers such as Tether will be subject to US jurisdiction regardless of where they are registered. In addition, the core changes of the new version of the "GENIUS Act" include: 1. Jurisdiction reconstruction: Adding a "extraterritorial application" clause requires overseas issuers to comply if they are facing US users (this move will end Tether's regulatory ambiguity. Combined with the clause that allows the expansion of reserve asset types, it further highlights the bill's inclination towards this company, which claims to be the "seventh largest holder of US Treasury bonds"). 2. Expansion of the definition of service providers: Including developers, verification nodes, self-hosted wallets, etc. into "digital asset service providers" has triggered new disputes over whether DeFi protocols need to comply with the Bank Secrecy Act and anti-money laundering regulations, and stipulates that the use of unauthorized stablecoins (such as decentralized stablecoins) must be held accountable. 3. Safe Harbor Clause: Authorizes the Secretary of the Treasury to provide regulatory flexibility for small/experimental projects, but allows unilateral action in "emergency situations" (criticized for excessive executive power). Currently, the bill is only supported by the Republicans, and it may be difficult to pass if it fails to win the support of the Democrats. Industry insiders expect that the Senate may initiate another debate motion before the end of the month.

Odaily Planet Daily News According to Onchain Lens monitoring, a whale address has just transferred 289.63 billion PEPE from Binance, worth about 3.68 million US dollars. Currently, the address holds 299.63 billion PEPE, worth about 3.81 million US dollars.

Trump Media & Technology Group said its financial control systems are broken, and it doesn’t have the people or policies in place to handle its own accounting. The company released this information on Thursday in a filing, confirming that it found a “material weakness” in how it handles financial reports. The issue increases the risk […] source: https://www.cryptopolitan.com/trump-media-weakness-in-financial-controls/

Over the last 30 days, active addresses on the network doubled — climbing from around 1 million to over 2 […] The post BNB Chain Sees Surge in On-Chain Activity Over the Past Month appeared first on Coindoo. source: https://coindoo.com/bnb-chain-sees-surge-in-on-chain-activity-over-the-past-month/

U. S. jurisdiction claims Tether under new legislation, affecting crypto stability and compliance. source: https://coincu.com/336760-tether-us-jurisdiction-genius-act-unchained

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Bitcoin's breakthrough of $100,000 is not only a repricing of its scarcity and safe-haven function by the market, but also indicates that the global asset allocation paradigm is undergoing profound changes.

Recommended readings tonight: 1. What factors have helped BTC break the $100,000 mark again? How much can it rise this time? 2. When virtual currency crosses the Silk Road; 3. Zuckerberg suddenly restarts the stablecoin plan;