1. Ethereum L2 TVL is 38.34 billion US dollars, down 2.79% in 7 days
L2BEAT data shows that the current Ethereum Layer2 TVL is $38.34 billion, down 2.79% in 7 days. Among them, the top five TVLs are: Arbitrum One TVL is $15.66 billion, down 3.8% in 7 days; OP Mainnet TVL is $6.95 billion, down 2.37% in 7 days; Base TVL is $5.36 billion, down 3.95% in 7 days; Blast TVL is $2.63 billion, up 2.08% in 7 days; Mantle TVL is $1.14 billion, down 5.43% in 7 days.
2. Huaxia and Harvest confirm that they are promoting the construction of mortgage financial products based on cryptocurrency spot ETFs
According to the South China Morning Post, executives of Hong Kong virtual asset ETF issuers Harvest Global and China Asset Management Hong Kong confirmed at the recent Bitcoin Asia conference that they are working hard to promote the construction of a mortgage financial product based on a cryptocurrency spot ETF. David Bailey, co-founder and CEO of BTC Inc., said that ETFs are a way of recognizing that Bitcoin will continue to exist, and that Hong Kong could not have just accidentally launched an ETF... This is not random, and the Hong Kong government is very supportive of hosting Bitcoin conferences and believes that Bitcoin is a huge opportunity for Hong Kong.
3. Mark Cuban: SEC Chairman Gensler's cryptocurrency policy could cause Biden to lose the election
On May 12, billionaire Mark Cuban criticized the cryptocurrency regulatory approach of Gary Gensler, chairman of the U.S. SEC, on the X platform. He said that Gary Gensler's position could alienate voters who are concerned about cryptocurrencies, which could affect Joe Biden's election prospects. He said that if Biden loses in the upcoming November election, you are likely to thank Gensler and the SEC's New York office. What he (Gensler) did was to make it almost impossible for legitimate cryptocurrency companies to operate, killing countless businesses and ruining countless entrepreneurs. Cuban continued that this is also a warning to Congress. This election will listen to the opinions of cryptocurrency voters.
4. Ethena reserve fund increased to $38.7 million
On May 12, according to data from Ethena’s official website, as of May 12, the reserve fund of the stablecoin protocol Ethena reached 38.7 million US dollars. In the past month, the reserve fund increased by 6 million US dollars.
5.io.net announced the IO contract address of its tokens, but the tokens have not yet been put on the chain
Solana ecosystem DePIN protocol io.net announced on Twitter that its token IO contract address is BZLbGTNCSFfoth2GYDtwr7e4imWzpR5jqcUuGEwr646K. The token has not yet been put on the chain, and users should be wary of phishing scams.
6. Trump declared his support for cryptocurrency and criticized the Biden administration for its ambiguous attitude towards cryptocurrency
According to CoinDesk, at the NFT event held in Florida, former US President Trump claimed to support cryptocurrency and criticized the current President Biden and his administration. He said that voters who support cryptocurrency will support him and promised to accept cryptocurrency donations. Trump also promoted his NFT at the event and called himself an advocate of cryptocurrency. At the same time, he criticized the Biden administration's position, saying that its attitude towards cryptocurrency was vague.
7. Franklin Templeton CEO: All ETFs and mutual funds will eventually appear on the blockchain
PANews reported on May 12 that according to Cointelegraph, Franklin Templeton CEO Jenny Johnson said that she is a big fan of blockchain technology. The company conducted a parallel experiment to process account records using traditional methods and blockchain for 6 to 8 months. Johnson said: "The results are very positive, and we are surprised by the low cost of blockchain. Blockchain is a very efficient technology. We believe that blockchain will bring a lot of new investment opportunities, and all ETFs and mutual funds will eventually appear on the chain."
8. Last week, the US Bitcoin spot ETF purchased 1,318 BTC
According to HODL15Capital monitoring, as of May 10, global Bitcoin spot ETFs held 949,756 BTC. In addition, last week, US Bitcoin spot ETFs purchased 1,318 BTC, of which only GBTC saw capital outflows.
