Meta has removed millions of fake followers from the Instagram accounts of celebrities such as Cristiano Ronaldo, BLACKPINK, and Taylor Swift as part of a broader initiative to enhance its AI moderation systems across Facebook and Instagram. According to BeInCrypto, this cleanup is part of Meta's efforts to combat impersonation, scam ads, and coordinated inauthentic behavior. The purge, which followed Instagram's May 5 policy update, affected numerous celebrities, including Kylie Jenner and Justin Bieber, with some losing millions of followers overnight. Meta's new detection model targets fake engagement patterns and impersonators, aiming to create a cleaner platform as it expands its blockchain initiatives.

Federal Reserve official Mary Daly stated that there are currently no indications of an increase in long-term inflation expectations. According to Jin10, Daly emphasized the importance of monitoring inflation trends closely to ensure they remain stable. She noted that while short-term fluctuations are expected, the overall outlook for inflation remains steady. Daly's comments come amid ongoing discussions about the Federal Reserve's monetary policy and its impact on the economy.

Nathan McCauley has revealed that approximately 20 financial institutions and major tech companies are gearing up to issue stablecoins in collaboration with Anchorage Digital. According to NS3.AI, McCauley noted that the interest has increased following the passage of the Genius Act.

The United States and Iran are close to finalizing a one-page draft memorandum aimed at temporarily halting hostilities, according to sources and officials. The draft, which is still pending, outlines three phases, including resolving the Strait of Hormuz crisis and establishing a 30-day negotiation window for a more comprehensive agreement. However, the draft does not address several U.S. demands concerning Iran's nuclear activities, missile program, and support for regional proxies.

Tesla's wholesale sales in China experienced a 36% year-over-year increase in April, with deliveries of Shanghai-built Model 3 and Model Y vehicles reaching 79,478 units. According to NS3.AI, Tesla's stock (TSLA) rose over 3% on Thursday morning, surpassing its 200-day moving average, as investor sentiment remained mixed.

Elon Musk and Meta are poised to reveal the impact of their substantial $68 billion investment in Texas. Bloomberg posted on X, highlighting the anticipation surrounding this significant financial commitment. The investment is expected to bring transformative changes to the region, potentially boosting the local economy and creating numerous job opportunities. As these tech giants expand their presence in Texas, the state could see a surge in technological advancements and infrastructure development. The move underscores the growing trend of major companies investing heavily in Texas, attracted by its business-friendly environment and strategic location. Observers are keen to see how this investment will shape the future of Texas and influence the broader tech industry.

Poland's nationalist President Karol Nawrocki has announced his intention to call a referendum on the European Union's climate policy. Bloomberg posted on X, highlighting that this decision is likely to stir new tensions with the pro-EU government and Brussels. Nawrocki's proposal reflects ongoing disagreements within Poland regarding EU policies, particularly those related to climate change. The move could further strain relations between Warsaw and the EU, as Poland has previously clashed with Brussels over various issues. The referendum, if held, would allow Polish citizens to express their views on the EU's climate initiatives, potentially influencing the country's stance on environmental regulations.

A recent poll indicates that 52% of U.S. voters are in favor of the CLARITY Act, with only 11% expressing opposition. According to NS3.AI, the survey reveals bipartisan support, with backing from Republican, Democratic, and independent voters.

Bitcoin investors are experiencing the highest level of unrealized profits since June 2025, according to NS3.AI. CryptoQuant reports that this scenario has historically led to increased chances of a price correction due to rising profit-taking pressure.

The United States and Iran may be close to reaching a provisional agreement. Several core demands previously made by the US, such as Iran suspending its nuclear activities, limiting its missile program, and ceasing support for so-called "regional proxies," were not included in the draft agreement. This still-developing agreement centers on a short-term memorandum of only one page, rather than a comprehensive peace agreement. This reflects the deep differences between the two sides and also means that the agreement is only a transitional step. Informed officials said that Iran is reviewing this draft agreement, which aims to stop the fighting but leaves the most contentious issues to be resolved at a later date. According to sources and officials, the agreement will include three phases: first, formally ending the fighting; second, resolving the crisis in the Strait of Hormuz; and finally, opening a 30-day negotiation window to strive for a broader agreement. The agreement failed to address key US demands such as Iran suspending its nuclear activities and reopening the Strait of Hormuz. Furthermore, the agreement did not address several demands that the US had made but which Iran rejected, such as limiting Iran's missile program and requiring Iran to stop supporting so-called "proxy armed groups" such as Hezbollah in Lebanon. (Xinhua)

Strategy holds Bitcoin not for trading, but for permanent ownership.

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

During the observation window from April 20 to May 7, 2026, the global crypto market demonstrated remarkable resilience, with the overall market capitalization completing a paradigm shift from "high-frequency speculative driving" to "structural rebalancing" amidst macroeconomic fluctuations.

Every megawatt of energy diverted from Bitcoin mining to artificial intelligence infrastructure subsidizes the economic interests of those still engaged in Bitcoin mining.

On May 5, 2026, WLFI, a crypto project owned by the Trump family, officially shared a new product.

OpenAI, OpenAI coup night text messages exposed: Altman begs "Microsoft to acquire me" Golden Finance, that coup was far more chaotic, absurd, and ruthless than the media portrayed.

Elon Musk appears to be setting aside his long-running criticism of Anthropic as the AI race increasingly shifts from model development to the battle for computing power.

TON finalises transactions in about 0.6 seconds, making it faster than most major Layer 1 blockchains. By comparison, Solana takes around 13 seconds, Ethereum about 13 minutes, and Bitcoin roughly an hour, while Cardano can take up to a day.

The Clarity Act (the Digital Asset Markets Clarity Act) is expected to pass Congress by July 4, 2026. Trump's push to make the US the "crypto capital of the world" is gaining momentum.

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