Coinbase stated that a compromise has been reached with traditional banks regarding key disagreements over stablecoin holding rewards, clearing a path for the U.S. Senate to advance a cryptocurrency market structure bill. Previously, banks had lobbied to restrict or prohibit exchanges from offering rewards to stablecoin holders, primarily due to concerns about funds flowing out of the banking deposit system. Coinbase Chief Policy Officer Faryar Shirzad stated that the final proposal, while adding some restrictions, still retains the space for users to earn rewards through crypto platforms and networks based on real-world use cases. This development is expected to push the "Clarity Act" into the Senate Banking Committee for a vote, further clarifying the division of responsibilities between the SEC and CFTC in the regulation of crypto assets. (Bloomberg)

A recent report reveals that by the end of March, USDT reserves included gold valued at $19.8 billion, equivalent to approximately 132 metric tons at the market price at that time. According to ChainCatcher, this marks an increase from 126 metric tons at the end of December last year, although gold constitutes only 10% of the reserves. The majority of USDT reserves are composed of U.S. Treasury securities valued at $117 billion, with Bitcoin accounting for $7 billion. The current circulation of USDT stands at $189.5 billion.

The Zcash Foundation has officially announced the release of Zebra 4.4.0, addressing several critical consensus-level security vulnerabilities. According to ChainCatcher, the update is strongly recommended for all node operators to implement immediately. The vulnerabilities include a denial-of-service flaw that could permanently halt new block discovery, errors in block signature operations (sigops) counting leading to consensus discrepancies, abnormal handling of transparent transaction signature hashes, and risks of memory allocation amplification attacks. The Zcash Foundation warns that some of these vulnerabilities may cause Zebra nodes to accept blocks rejected by zcashd, potentially resulting in chain forks. Without timely updates, nodes could face interruptions in block discovery, consensus forks, and increased resource consumption, with no alternative mitigation solutions currently available.

On May 2, a significant cryptocurrency holder, identified by the address starting with '0xa0d', closed a position involving 200 Bitcoin at 4 a.m. UTC+8. According to BlockBeats On-chain Detection, the transaction resulted in a minor profit of $100,000. The total assets of this whale address are currently valued at approximately $16.44 million. Known for short-term trading strategies, the account has accumulated total profits of around $5.4 million.

The Ethereum Foundation sold 10,000 ETH to Bitmine via over-the-counter (OTC) trading early this morning at an average price of approximately $2,292, for a total transaction value of approximately $22.92 million. Public data shows that the foundation has sold a total of 30,000 ETH in the past month and a half, including 5,000 ETH sold via OTC at approximately $2,043 on March 15, 5,000 ETH sold via on-chain swap on April 11 ($2,221), and another 10,000 ETH sold via OTC at approximately $2,387 on April 24.

Senators Thom Tillis and Angela Alsobrooks have released the final text of the CLARITY Act, focusing on stablecoin yield regulations. According to NS3.AI, Polymarket traders currently estimate a 55% probability of the bill being enacted into law by 2026. Faryar Shirzad noted that this development resolves a significant issue that was delaying the bill's progress. The legislation prohibits interest or yield payments solely for holding payment stablecoins, while still permitting rewards linked to genuine crypto platform or network activities.

Strait of Hormuz, USDT, Whose Dollar? USDT in the Strait of Hormuz and the Disorderly Dollar System. Golden Finance: Whose Order, Whose Permission, Whose Dollar?

BNB Chain's memecoin B experienced a significant surge, rising 155% in the past 24 hours. According to NS3.AI, this increase pushed its market capitalization to over $325 million. During the same period, the trading volume for memecoin B reached $65.4 million.

The news of the halt to Meta's acquisition of Manus sparked a mixed reaction. Some cheered, some frowned, some worried about the enthusiasm of foreign venture capitalists, and some worried about the potential harm to Chinese innovation.

The UK Treasury and the Bank of England are contemplating slowing down the development of the digital pound, known as 'Britcoin.' According to Foresight News, insiders have revealed that UK officials are considering a 'compromise solution' to delay the progress of this central bank digital currency (CBDC), rather than making a final decision to approve or abandon the project this summer. One reason for the inclination to postpone full-scale development is the potential for private sector innovations, such as tokenized deposits, to offer alternative solutions that enable faster and cheaper payments while utilizing the existing regulated banking system. Currently, Bank of England Governor Andrew Bailey remains skeptical about the necessity of a retail digital pound. Meanwhile, the European Central Bank is advancing its digital euro initiative, whereas the United States has halted its work on central bank digital currencies.

CoinMarketCap's Crypto Fear & Greed Index has seen a minor increase, rising from 44 to 45, while maintaining a Neutral sentiment reading. According to NS3.AI, the index measures market sentiment on a scale from 0 to 100, ranging from Extreme Fear to Extreme Greed. This slight uptick suggests that investor sentiment remains steady, with no significant shift towards either fear or greed in the cryptocurrency market.

Jinse Finance launches its cryptocurrency and blockchain industry daily news report, "Jinse Morning 8," issue 3044, providing you with the latest and fastest news on the digital currency and blockchain industry.

xAI has announced the launch of its API featuring Voice Cloning capabilities. According to PANews, users can create custom voices within approximately two minutes or select from a library of over 80 preset voices covering 28 languages. These voices can be utilized in various applications such as voice assistants, audiobooks, and video game characters. The feature is currently available only to users in the United States, excluding those in Illinois.

On one hand, there is a flurry of releases of core PCE data from the Federal Reserve, the Bank of Japan, the European Central Bank, and the United States; on the other hand, there is a concentrated burst of industry narratives, causing the market to oscillate between "expectation" and "panic".

Payments, Cryptocurrency, Financial System, The "Last Mile" Problem of Cryptocurrency Payments (Jinse Finance): The "delivery" of cryptocurrency to fiat currency is far more complex than it seems.

The market won't remain ambiguous forever. Catalysts often appear unexpectedly.

For entrepreneurs aspiring to work in the Web3 field, it is recommended to rationally assess the potential risks of their startup projects and make prudent decisions after fully understanding domestic laws and market policies.

There is a well-known crypto KOL, whose online name is ThreadGuy. He rose to fame in 2021 for teaching people how to trade NFTs.

Pave a path for AI to move from its unregistered status in the sandbox to becoming a formal employee on the blockchain.

The assets truly adopted by DeFi are not the largest government bonds, but credit assets with more positive yield spreads.