24H Hot Cryptocurrencies and News | Arizona House passes two BTC reserve bills; Abu Dhabi sovereign wealth fund plans to collaborate with multiple entities to launch a dirham stablecoin.

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24H Hot Coins and News | Arizona House Passes Two BTC Reserve Bills; Abu Dhabi Sovereign Wealth Fund Plans to Launch Dirham Stablecoin in Collaboration with Multiple Entities1. CEX Hot Coins

CEX Trading Volume Top 10 and 24-Hour Price Change:

  • BNB: 1.41%

  • ETH: 1.24%

  • BNB: 0.28%

  • SOL: 0.14%

  • TRUMP: -0.27%

  • SIGN: 175%

  • SUI: 1%

  • DOGE: 0.88%

  • PEPE: 2.74%

  • OSMO: 0.41%

24H Price Increase Ranking (Data Source: OKX):

  • MILO: 84.66%

  • MEMEFI: 31.89%

  • LOOKS: 24.57%

  • DIA: 23.19%

  • ZBCN: 19.69%

  • FLOKI: 17.12%

  • AIXBT: 16.68%

  • RIO: 13.65%

  • ME: 12.57%

  • GOAT: 11.95%

  1. On-Chain Hot Meme Top 5 (Data Source: GMGN):
  • PIPE

  • POPCAT

  • MEMEDX

  • PEDOGE

  • KMNO

  1. 24H Hot Search Coins

TROLL: $TROLL is based on the Trollface Meme, and the original creator has recently come out to support the new $TROLL, competing for legitimacy against the old "conspiracy coin," sparking heated discussions in the community.

Headlines

Arizona House Passes Two BTC Reserve Bills

The Arizona House recently passed two BTC reserve-related bills, SB 1025 and SB 1373, which have now been submitted for Governor Katie Hobbs' signature. SB 1373 proposes the establishment of a digital asset strategic reserve fund managed by the state treasurer, with funding sources including seized assets and legislative appropriations, allowing up to 10% to be invested in digital assets like BTC each fiscal year, and enabling lending without increasing risk. SB 1025 allows the state treasury and pension systems to invest up to 10% of available funds in virtual currencies, focusing on BTC.

Reuters: Abu Dhabi Sovereign Wealth Fund Plans to Launch Dirham Stablecoin in Collaboration with Multiple Entities

According to Reuters, the Abu Dhabi sovereign wealth fund ADQ, corporate group IHC (IHC.AD), and the largest bank by assets in the UAE, First Abu Dhabi Bank (FAB.AD), announced on Monday plans to launch a new stablecoin backed by the dirham, the official currency of the United Arab Emirates. The three companies stated that the stablecoin will be fully regulated by the Central Bank of the UAE. This move marks a deepening of investment in the cryptocurrency sector by Gulf countries.

U.S. Treasury Secretary: First Trade Agreement Could Be Reached as Early as This Week or Next

U.S. Treasury Secretary Janet Yellen stated that negotiations with Asian trading partners are progressing very well, and significant negotiations have begun with Japan on trade issues. The first trade agreement could be reached as early as this week or next.

U.S. Congress Accelerates Crypto Legislation, Aiming to Complete by August

U.S. lawmakers returned to Congress after the Easter recess, prioritizing crypto legislation, aiming to complete the stablecoin and market structure bills before the August deadline set by President Trump. The House Financial Services Committee and the Agriculture Committee will hold a joint hearing on May 6 to discuss the digital asset legislative blueprint. The Senate is also integrating the 2022 Lummis-Gillibrand bill with the FIT21 bill.

Industry News

Analyst: U.S. Treasury Quarterly Refinancing Announcement to Remain Stable

Pepperstone senior research strategist Michael Brown noted in a report that the U.S. Treasury's quarterly refinancing announcement on Wednesday will be the market focus this week, but the likelihood of significant policy adjustments is low. He stated, "It seems unlikely that the Treasury will announce major adjustments," as recent market volatility has further reinforced the position that policymakers should not take actions that could disrupt the market. He added, "Therefore, the market's focus may be on whether there will be slight adjustments to the guidance on maintaining auction sizes 'at least for the next few quarters.'"

Strategy Invests $1.42 Billion to Acquire 15,355 BTC in the Past Week

According to market news, Strategy invested $1.42 billion last week to acquire 15,355 BTC.

Traditional Financial Company Calastone Partners with Fireblocks to Launch New Platform for Fund Tokenization

Traditional financial company Calastone announced it is integrating Fireblocks' blockchain infrastructure to support a new tool that helps asset management companies tokenize any fund on its platform.

Fireblocks will provide the foundational support for this system, enabling users to deploy Calastone's smart contracts on blockchains such as Ethereum mainnet and Polygon.

Tether Releases Audit Report for Gold Tokenization Product XAUT: Backed by Over 7.7 Tons of Physical Gold

According to official news, Tether announced that its gold tokenization product Tether Gold (XAUT) is now compliant in El Salvador and released the first official audit report for XAUT under the new regulatory framework.

The report states that each XAUT token is backed by 1:1 physical gold, which is securely stored in a dedicated vault in a world-class facility in Switzerland, with the circulating XAUT tokens backed by over 7.7 tons of physical gold.

Ethereum Foundation: Work in the Coming Year Will Focus on Two Pillars: Core Values and Strategic Goals

The Ethereum Foundation stated that in the coming year, it will focus on two pillars: core values and strategic goals, based on technical excellence to drive the long-term success of the Ethereum ecosystem. Specific focuses include:

  1. Expanding Ethereum mainnet (L1) and data scaling (Blobs);
  2. Improving user experience (UX), enhancing L2 interoperability and application layer development;
  3. Promoting developer experience (DevEx) improvements and increasing exposure and support for applications and L2 projects on platforms like Devcon.
    Additionally, the Ethereum Foundation will accelerate the path for developers, entrepreneurs, and institutions to build and apply Ethereum, leveraging EF's knowledge and leadership to attract and nurture a new generation of builders.

Project News

Ethereum Foundation Executive Director Clarifies: Pectra Upgrade is Unrelated to Controversial EOF, the Former Will Be Released on Schedule

Ethereum Foundation Executive Director Tomasz K. Stańczak issued an important clarification regarding the EOF controversy, stating that while there is significant debate surrounding EOF, there is a key misunderstanding that needs to be clarified: the current discussions on EOF are unrelated to the upcoming Pectra upgrade set to be released on May 7. The Pectra upgrade does not include EOF and does not intend to include EOF. Everything related to Pectra will be released as scheduled on May 7. Previously, CoinDesk reported that Ethereum's "EVM Object Format (EOF)" improvement proposal had been incorporated into the Pectra hard fork, which is expected to be executed later this year or early next year. The EOF proposal will make a series of smaller changes to upgrade the Ethereum Virtual Machine (EVM). EOF will make smart contracts more developer-friendly, especially for users building decentralized applications using the Solidity or Vyper programming languages, but it may disrupt existing smart contracts. Developers added a new version that allows DApp builders to choose which version of the EVM to use when deploying code.

Crypto Lawyer John Deaton: Ripple's Efforts in Tokenization May Boost XRP Adoption and Price

Ripple is expanding its custody services through acquisitions of companies like Metaco and Standard Custody. Crypto lawyer John Deaton stated that Ripple's move aims to become a one-stop blockchain solution provider for financial institutions and promote tokenization-as-a-service. Deaton pointed out that Ripple plans to utilize the XRP Ledger and RLUSD stablecoin to support banks in tokenizing traditional assets like stocks and real estate, which is expected to enhance XRP adoption and price.

OKX Pay's First Version Officially Launched, Focusing on Stablecoin Payments

Today, OKX CEO Star announced the official launch of the first version of OKX Pay through the official website, which will be embedded in the OKX App and opened to select markets. OKX Pay uses a private key sharding management method, splitting the private key into two parts, with one half stored in the user's Passkey and the other half stored by OKX.

OKX Pay will focus on stablecoin payments, initially supporting USDT and USDC, with plans to gradually integrate more stablecoins in the future. Additionally, a new feature called "Passive Income" will be launched simultaneously, allowing users' deposits to automatically earn returns.

Jupiter Announces Launch of Ultra v2 Mode to Enhance Trading Efficiency and Security

Jupiter announced the launch of Ultra v2 mode, which helps users find the best prices for executing exchange trades. Ultra v2 offers dynamic broadcasting mode, dynamic gas fee adjustments, top-tier MEV protection, and a proprietary broadcasting engine.

Ultra v2 users will enjoy priority support. If there are issues with transactions or if exchange trades do not meet expectations, Jupiter will provide round-the-clock assistance.
Ultra v2 also offers gas-free transaction support, allowing users to exchange any tokens directly even if they do not have SOL in their wallets. Network fees will be handled by Jupiter in the background, so users do not need to worry. To cover related costs, Jupiter may charge a small additional fee based on specific transaction circumstances.

Investment and Financing

Catizen Receives Strategic Investment from Animoca Brands to Expand Telegram Mini App Ecosystem

Telegram Mini App game Catizen announced the completion of a new round of strategic investment, supported by the well-known blockchain gaming company Animoca Brands.
Catizen, published by Pluto Entertainment, is one of the highest-grossing game projects within the Telegram-TON ecosystem. Its innovative Play for Airdrop model aligns closely with TON's strategy to drive user conversion from games to tokens to DeFi, successfully helping over 40 million new users access the Web3 world.
The consumption of Catizen's native token CATI continues to rise, becoming an important indicator of ecosystem activity. The latest data shows that the total consumption of CATI has surpassed 30 million, a 3.5-fold increase compared to the fourth quarter of 2024. According to trading platform Bybit, Catizen's on-chain user count has exceeded 3.3 million, with the platform's daily CATI consumption exceeding 1 million. The official forecast indicates that as more games and application scenarios go live, the total consumption of CATI is expected to reach a target of 200 million.
Previously, Pluto Entertainment also received investment support from several institutions, including YZi Labs, HashKey Capital, Folius Ventures, and The Open Platform. Currently, Pluto Entertainment is accelerating its transition to the Telegram x TON ecosystem, exploring new opportunities for globalization and the integration of crypto technology, and is committed to promoting the large-scale application of blockchain technology under the Mini App business model.

Regulatory Trends

Coinbase Calls for the Cancellation of the "SEC Employees Prohibited from Holding Cryptocurrencies" Regulation

Coinbase is urging the U.S. Office of Government Ethics (OGE) to revoke the regulation that prohibits employees of the U.S. Securities and Exchange Commission (SEC) from holding crypto assets. Coinbase Chief Legal Officer Paul Grewal stated in an open letter sent to OGE Acting Director Jamieson Greer and newly appointed SEC Chair Paul Atkins on April 25 that SEC staff need to use cryptocurrencies in practice to better understand how they work and how to regulate them effectively. Grewal wrote to Jamieson Greer: "To regulate a technology, one must first understand it; to understand the technology, one must use it in practice. Allowing SEC staff to hold crypto assets is key to acquiring the necessary knowledge to develop a viable regulatory framework for digital securities."
The legal advisory 22-04 issued by OGE on July 4, 2022, prohibits SEC staff from buying, selling, or otherwise using cryptocurrencies and stablecoins.

CertiK Founder Gu Ronghui Delivers Speech on "New Trends in Web3 Technology and Compliance" at Unchained Summit

Supported by the Dubai Virtual Assets Regulatory Authority (VARA), the Unchained Summit attracted top institutions such as Bitwise and Franklin Templeton, becoming a high-profile event in the Web3 field. CertiK co-founder Gu Ronghui delivered a keynote speech discussing the balance between innovation and security in Web3, emphasizing the importance of compliance. The summit focused on cutting-edge topics such as the integration of AI and Web3, the expansion of decentralized finance, and RWA, gathering industry leaders like YZi Labs CEO Ella Zhang and PayPal Vice President May Zabaneh. Gu Ronghui has repeatedly pointed out, "Compliance is the necessary path for Web3 to move towards the mainstream. Only through collaboration can we achieve a win-win situation for innovation and security." He called for ensuring the robust growth of the Web3 ecosystem through the synergy of technology and regulation.

Voices from the Industry

Matrixport: New Capital Inflows May Lead Bitcoin to Break $100,000

Matrixport released a chart today stating that liquidity in the crypto market has improved recently, with new capital starting to flow into the market, indicating a positive change in the overall environment. After two months of sideways consolidation and slight increases, we are beginning to see initial positive signs of conversion from fiat to cryptocurrencies.
If this trend continues, it should not be difficult for Bitcoin to break the $100,000 mark. Although we are still in the early stages, the surge in capital inflows in October and November last year also drove the previous strong rebound.
Given the current signs of capital recovery, traders should closely monitor relevant data.

Coinshares: Bitcoin Hashrate Expected to Break 1 Zettahash per Second by July

According to Coinshares' latest report, the Bitcoin network hashrate is expected to break the historic threshold of 1 Zettahash per second (ZH/s) as early as July this year, significantly ahead of previous predictions. This data confirms the strong growth momentum and risk resistance of the Bitcoin mining network. The report predicts that the Bitcoin hashrate will exceed 1.28 ZH/s by the end of 2025 and may reach 2.0 ZH/s by early 2027. The key indicator of miner profitability—the hashrate price—has seen a slight rebound this year, but it is predicted to enter a long-term structural downtrend. The report expects that before the Bitcoin halving cycle in 2028, the hashrate price will fluctuate in the range of $35-50 per PH per day and will fall below $40 in the first quarter of 2026. This trend reflects the dual pressure of improved mining machine efficiency and intensified industry competition.

IntoTheBlock: Significant Increase in Bitcoin Short-Term Trader Holdings, New Inflows May Trigger a New Bull Market

IntoTheBlock stated that there was a significant increase in Bitcoin short-term trader holdings last week, indicating a resurgence in speculative demand. If this capital inflow continues, it suggests that the current rise is not just a technical rebound but may be the beginning of a broader upward trend.

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