According to Jinse Finance, Forbes reporter Eleanor Terrett disclosed that the new market structure discussion draft from the House of Representatives aims to clarify that transactions involving the sale of digital goods do not constitute securities, as long as they do not entail the purchaser obtaining ownership rights to the issuer's business, profits, or assets. In other words, if you trade digital goods on the secondary market rather than purchasing directly from the issuer, it will not automatically trigger US securities laws unless the sale grants you some form of ownership or claim to the company's profits or assets.
According to Jinse Finance, US Commodity Futures Trading Commission (CFTC) Acting Chair Caroline Pham revealed at the Medici Network conference that the CFTC plans to participate as an observer in some industry tokenization pilot projects to experience firsthand how tokenized assets operate in the real world and to accumulate relevant technical experience.
● The US Securities and Exchange Commission delays decision on Canary spot Litecoin ETF application
According to BlockBeats, on May 6, market news indicated that the US Securities and Exchange Commission delayed the decision on the Canary spot Litecoin ETF application.
● US Treasury Secretary Yellen states that some trade agreements may be reached this week
According to BlockBeats, on May 5, US Treasury Secretary Yellen stated that we are very close to reaching some trade agreements. Perhaps a trade agreement could be reached as early as this week.
● Goldman Sachs predicts gold price will reach $3,700 by the end of 2025
According to Odaily Planet Daily, Goldman Sachs reiterated its structurally bullish view on gold, predicting a gold price of $3,700 per ounce by the end of 2025, and $4,000 in mid-2026. If a recession occurs, estimated accelerated ETF inflows could push gold prices to $3,880 by the end of the year.
● Strategy increased its holdings by 1,895 BTC last week
According to BlockBeats, market news on May 5 indicated that Strategy spent $180.3 million to increase its holdings by 1,895 BTC between April 28 and May 4.
● CZ: Has advised Kyrgyzstan to include BNB and BTC in its national cryptocurrency reserves
Binance founder and former CEO Zhao Changpeng (CZ) stated on X (formerly Twitter) that he has suggested BNB and BTC as the first digital currencies for Kyrgyzstan’s national cryptocurrency reserves.
According to Deep Tide TechFlow, Kim Moon-soo, a presidential candidate from the ruling People Power Party in South Korea, stated that he hopes to allow the South Korean national pension fund to invest in Bitcoin.
Kim Moon-soo proposed in his campaign policy to allow national pension fund management companies and the Korea Investment Corporation to invest in digital assets. This is one of the cryptocurrency-related policies introduced by the ruling party ahead of the presidential election on June 3.
● NVIDIA explores the possibility of adding Bitcoin to its balance sheet
According to Odaily Planet Daily, NVIDIA is exploring the possibility of adding Bitcoin to its balance sheet, as reported by Solid Intel.
● Mubarak Exclusive Interview: Meme Culture, Ramadan Opportunities, and Middle Eastern Identity
Mubarak is a community-driven meme coin that won in Binance's 'Vote for Listing' campaign and quickly stood out in the evolving meme coin space.
In this exclusive interview, the Mubarak team shared the project's Arab cultural roots, the timing of its launch during Ramadan, community strategies, tokenomics, and the next steps in the 2025 roadmap.
