According to Bloomberg, MineOne Partners Ltd. and its subsidiaries face expulsion from a site near the Wyoming Air Force Base due to actions potentially threatening US national security.
State legislators are introducing bills to prohibit Chinese companies and citizens from purchasing land near state military bases.
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"My thought is that the US government wants to gain more control over the issuers of stablecoins, and Tether (as the largest player) is in their field of vision."
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🐃 Bank of America notes the most "bullish sentiment" among investors since November 2021. (survey of fund managers)
The managers surveyed manage assets worth $562,000,000+...
▫️82% of fund managers expect a Fed rate cut in the second half of 2024.
▫️78% of respondents are confident that a recession is unlikely over the next 12 months.
Global economic growth expectations have declined for the first time since November 2023.
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🕵️ LayerZero CEO on Multi-Account Users: "Volunteers Reported
100,000 Addresses Owned by Them
LayerZero's team utilizes data provided by volunteers to identify other multi-account users.
The project team has offered multi-account users (those who created multiple accounts) to voluntarily disclose their information and retain 15% of their share in the AirDrop, or risk receiving nothing.
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🌪 Tornado Cash Developer Alexey Percev Sentenced to 64 Months in Prison
According to CoinDesk, Dutch court finds Alexey Percev guilty of laundering $1.2 billion. Percev, the developer behind Tornado Cash, faces a 64-month prison term.
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🇺🇸 US Macro Data (PPI):
▪️ Producer Price Index (PPI) (m/m) (Apr)
FACT: 0.5%
FORECAST: 0.3%
PREV.: -0.1%
▪️ Producer Price Index (PPI) (YoY) (Apr)
FACT: 2.2%
FORECAST: 2.2%
PREV.: 1.8%
▪️ Basic Producer Price Index (PPI) (m/m) (Apr)
FACT: 0.5%
FORECAST: 0.2%
PREV.: -0.1%
▪️ Basic Producer Price Index (PPI) (YoY) (Apr)
FACT: 2.4%
FORECAST: 2.4%
PREV.: 2,4%
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🇦🇪 Tether Expands into UAE with Partnership with RAK DAO
Tether has signed a partnership agreement with RAK DAO, aiming to implement blockchain technologies, crypto payments, and educational initiatives in Ras Al Khaimah, UAE. RAK DAO is the first free economic zone targeting crypto companies.
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🎰 Cypher Protocol Developer Admits to Embezzlement
A developer at Cypher Protocol confessed to stealing funds intended for compensating clients' losses from the 2023 hack. He attributed his actions to a "severe gambling addiction."
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🇨🇳 #USDT The Chinese use USDT to launder money. (baidu)
Chinese police have stopped the activities of an underground bank with a turnover of 1,900,000,000 USDT.
The bank used the Tether stablecoin to illegally transfer money abroad, smuggle medicines, cosmetics, etc. – it has been operating since January 2021 in 26 provinces of the country.
China banned cryptocurrency in September 2021.
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📈 Bloomberg: Microstrategy will be included in the MSCI World index on May 31.
MSCI World - is an index reflecting the situation on the global stock market (it serves as an indicator of the state of the global stock market).
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▪️ Consumer Price Index (CPI) (YoY) (Apr)
FACT: 3.4%
FORECAST: 3.4%
PREV.: 3.5%
▪️ Consumer Price Index (CPI) (mom) (Apr)
FACT: 0.3%
FORECAST: 0.4%
PREV.: 0.4%
▪️ Basic Consumer Price Index (CPI) (YoY) (Apr)
FACT: 3.6%
FORECAST: 3.6%
PREV.: 3.8%
▪️ Basic Consumer Price Index (CPI) (mom) (Apr)
FACT: 0.3%
FORECAST: 0.3%
PREV.: 0.4%
▪️ Retail sales volume (m/m) (Apr)
FACT: 0.0%
FORECAST: 0.4%
PREV.: 0.6%
▪️ Basic Retail Sales Index (mom) (Apr)
FACT: 0.2%
FORECAST: 0.2%
PREV.: 0.9%
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The consensus forecast is 0.4% mom and 3.4% YoY.
▫️CPI (m/m) above 0.4% is a decrease in the S&P 500 index by 1.75-2.5%.
▫️0.35%-0.4% - a decrease of 0.5-1.25%.
▫️0.3%-0.35% - The S&P 500 can range from a 0.5% decline to a 1% rise.
▫️0.25% -0.3% - an increase of 1-1.5%.
▫️0.2%-0.25 - an increase of 1.5-2%.
▫below 0.2% is an increase of 2-2.5%.
CPI is the consumer price index (consumer inflation).
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Authorities detained two brothers in the U.S. for orchestrating a groundbreaking Ethereum heist worth $25 million. The culprits employed a novel technique involving transaction sequence manipulation in the blockchain to profit, such as preempting others' transactions. The brothers face up to 20 years in prison.
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💸 CryptoQuant: Today, 16.021 BTC ($1 billion) was withdrawn from the Coinbase crypto exchange!
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🩸PeckShield: Fake Notcoin on the Ethereum blockchain has been reset to zero (-100%)
– There are less than 2 hours left before the listing of the real #NOT token.
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🇺🇸 Federal Reserve Chair Calls for U.S. Government Regulation of Stablecoins - The Block
Booman, the chairman of the Federal Reserve, urges the U.S. government to regulate stablecoins. He emphasizes the need for a collaborative effort between the U.S. government and state authorities to establish a regulatory framework for stablecoins. One of the primary challenges highlighted is determining the primary regulator for stablecoin issuers. Booman stresses the importance of Federal Reserve representatives actively participating in regulatory rule-making discussions.
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Booman, the chairman of the Federal Reserve, urges the U.S. government to regulate stablecoins. He emphasizes the need for a collaborative effort between the U.S. government and state authorities to establish a regulatory framework for stablecoins. One of the primary challenges highlighted is determining the primary regulator for stablecoin issuers. Booman stresses the importance of Federal Reserve representatives actively participating in regulatory rule-making discussions.
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🌇 CZ Still at Large
On April 30, the founder of Binance was sentenced to four months of imprisonment. Currently, he awaits notification of the start date for serving his sentence.
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Tether, TON Foundation, and Oobit are collaborating to develop a "comprehensive solution for crypto payments." Oobit, known for its mobile payment application, will be a key player in this initiative.
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