1. The People's Bank of China announces interest rate cuts and reserve requirement ratio reductions.
The People's Bank of China announced a reduction in the reserve requirement ratio by 0.5 percentage points, releasing about 1 trillion yuan in liquidity, and lowered the policy interest rate by 0.1 percentage points, while introducing multiple structural monetary policy tools to support technological innovation, consumption, and the pension sector. This move may enhance market liquidity, indirectly benefiting crypto assets and other risk investments.
2. Futu Securities launches cryptocurrency deposit and withdrawal services.
Futu Securities officially supports deposits and withdrawals of Bitcoin (BTC), Ethereum (ETH), and USDT, allowing users to quickly switch between crypto assets and traditional financial assets (such as stocks and bonds) on its platform. In the future, it will support more mainstream cryptocurrencies to further bridge the channels between crypto and traditional asset allocation.
3. U.S. Senate to vote on key stablecoin bill.
The U.S. Senate will vote today on the (GENIUS Stablecoin Act), which requires stablecoins to be fully backed by assets such as U.S. dollars and treasury bonds. If passed, it will have a profound impact on the U.S. stablecoin market, but bipartisan disagreements may increase the difficulty of passing the bill.
4. Japanese listed company Metaplanet increases its holdings by an additional 555 BTC.
Metaplanet announces the purchase of 555 Bitcoin at an average price of approximately $89,000, bringing its total holdings to 5,555 BTC (approximately $465 million), continuing to advance its 'Bitcoin Financial Strategy', showing institutional confidence in the long-term value of BTC.
5. Regulatory and policy dynamics
• U.S. MEME Act proposed: Senators proposed banning the president and congressional members from issuing Meme coins, directly targeting the 'Trump Coin' launched by Trump, citing corruption risks.
• New Hampshire passes 'Bitcoin Reserve' legislation: The state becomes the first in the U.S. to authorize the government to include Bitcoin in its strategic reserves, allowing the purchase of BTC with no more than 5% of reserve funds.
6. Exchange and project dynamics
• Bitwise applies for NEAR spot ETF: Following Bitcoin and Ethereum ETFs, Bitwise has submitted an application for a NEAR token spot ETF to the SEC, which, if approved, will further expand compliant investment channels for crypto assets.
• Binance adds 6 new tokens to the watchlist: Including tokens like ALPHA and HIFI, warning investors to pay attention to potential volatility risks.
• Doodles launches on Solana and initiates airdrop: The NFT project Doodles announces that its token $DOOD will migrate to the Solana blockchain and will airdrop 13% of the tokens to the community.
7. Market trends and financing
• FTX founder seeks Trump pardon: SBF, CZ, and other crypto industry figures are lobbying for a pardon from the Trump administration through donations and lobbying, sparking controversy over political interference in regulation.
• Fuze completes $12.2 million Series A funding round: Led by Galaxy, the platform focuses on providing digital asset services such as stablecoins and CBDCs for businesses and plans to expand into the Middle East market.
• Standard Chartered forecasts BNB to rise to $1,275: Standard Chartered predicts that BNB may double by the end of the year and reach $2,775 by 2028, reflecting institutional optimism about platform coins.
8. Macroeconomic related events
• Asian capital may trigger a dollar sell-off: Analysts point out that Asian countries may reduce their dollar reserves due to trade wars, potentially reaching $2.5 trillion, which could indirectly increase demand for crypto assets as the dollar weakens.
• Gold volatility increases: Central banks have increased their gold holdings for six consecutive months, with gold prices recently fluctuating significantly. Experts warn of rising investment risks, with some safe-haven funds possibly shifting to Bitcoin.
Today's focus is on policy regulation (such as RRR cuts and stablecoin bills), institutional actions (Metaplanet increasing BTC holdings, Bitwise applying for ETF), and changes in market liquidity (Futu launching crypto services). Investors should pay close attention to the Federal Reserve's interest rate decision (in the early hours of May 8, Beijing time) and its short-term impact on the crypto market.
