Today
2025/05/02
Meteora proposes to allocate 25% of the tokens for liquidity incentives and TGE reserves.
BlockBeats news, on May 2, the Solana liquidity management platform Meteora stated on social media that it proposed to allocate 25% of the tokens for liquidity incentives and TGE reserves. Among them, 20% is allocated to the liquidity incentive reserve for a two-year liquidity mining rewards period after TGE; 5% is allocated to the TGE reserve for liquidity provision, market making, and other purposes during the TGE.
The US military airstrikes on the capital of Yemen and the city of Saada in Saada province.
Jin10 reported on May 2 that on the night of May 1 local time, the U.S. military carried out intensive air strikes on the Yemeni capital, Sanaa. According to the Saba news agency controlled by the Houthi forces in Yemen, the air strikes have resulted in 3 injuries as of early May 2 local time. Additionally, the Houthi forces reported that on the night of May 1 local time, the U.S. military also conducted 5 air strikes in the vicinity of Saada city in northern Yemen.
Trump plans to submit his budget proposal for the fiscal year 2026 to Congress this Friday.
BlockBeats news, on May 2nd, according to AXIOS, U.S. President Trump plans to submit his budget proposal for the fiscal year 2026 to Congress this Friday. (Jin10)
The US and Japan have concluded the second round of tariff negotiations.
Jin10 reported on May 2nd that the governments of Japan and the United States held the second round of tariff negotiations in Washington on the afternoon of the 1st local time. Japan's Minister for Economic Revitalization, Ryota Akizawa, stated at the press conference following the discussions: "We had a very in-depth discussion."
Thursday
2025/05/01
Microsoft changes law firms in shareholder case, hiring Trump's opponent.
Microsoft (MSFT.O) is changing the law firm representing it in a shareholder case, replacing a law firm that reached a settlement with the Trump administration to avoid punitive executive orders with a law firm that is in opposition to the White House. Court documents show that Microsoft has hired Jenner & Block to replace Simpson Thacher in its lawsuit filed in the Delaware Chancery Court regarding its $69 billion acquisition of Activision Blizzard. The documents did not provide a reason.
Vance believes that the Russia-Ukraine conflict will not end "quickly".
U.S. Vice President Vance stated in an interview that the Russia-Ukraine conflict will not end "in the short term." "It will depend on the Russians and the Ukrainians, as both sides know what the other's peace conditions are. It will depend on whether they reach an agreement and stop this relentless, brutal conflict," Vance said.
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The U.S. Department of Labor has suspended the gig worker regulations from the Biden era.
The U.S. Department of Labor announced the cancellation of the Biden-era regulations on hiring independent contractors to simplify the legal relationship between businesses and workers. Business groups expressed satisfaction, believing this will reduce the challenges faced by companies. This decision represents a victory for the Trump administration in response to litigation.
BWEtradFi launches a subscription service for exclusive financial news for US stock traders.
Gate news bot message, BWEtradFi announces the launch of a traditional financial news subscription service for US stock traders. This service is specifically aimed at traders active in the US stock market, providing them with relevant financial information. Interested traders can now subscribe through the BWEtradFi platform.
Strategy company applied to issue $21 billion Class A shares through the ATM protocol.
Gate news bot message, according to the latest submitted documents, Strategy Company is applying to issue Class A shares with a total amount of up to 21 billion dollars through ATM( At-The-Market) sales agreement. This news comes from a report by AggrNews.
Foreign media: Microsoft is preparing to host the Grok AI model under Elon Musk.
Microsoft plans to host Musk's Grok AI model and offer it to customers through Azure cloud services. This could spark internal controversies and exacerbate tensions with partner OpenAI. Grok is expected to be available on Microsoft's AI development platform Azure AI Foundry, allowing developers to use the model in their applications.
A certain Whale Address spent 800,000 U to buy 1,790,000 BOOP, currently facing unrealized losses of 160,000 USD.
BlockBeats news, on May 2, according to OnChain Lens monitoring, a certain Whale Address spent 800,000 USDC to buy 1.79 million BOOP at an average price of $0.45, currently with unrealized losses of $160,000. However, the Whale Address still holds 3.44 million USDC and may purchase more BOOP.
Zelensky: The US-Ukraine mineral protocol will be submitted for approval to the Rada.
Ukrainian President Zelensky stated that the Ukraine-U.S. mineral protocol has been signed and will be submitted to the Supreme Rada for approval, emphasizing that the protocol does not involve debt and establishes a recovery fund. This cooperation is beneficial for both parties and demonstrates the results of the talks between Trump and the Vatican, showcasing cooperation under fair conditions, with expectations for more results.
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Trump: If the big bill cannot pass, taxes will increase by 68%
BlockBeats news, on May 2, U.S. President Trump stated that he is working very hard to formulate the "Great Beautiful Bill", and if the bill does not pass, taxes will increase by 68%. (Jin10)
Moonshot launches BOOP (BOOP)
PANews May 1 news, Moonshot announced the launch of BOOP (BOOP), the market capitalization of this Token is currently about $378 million.
According to reports, BOOP is the platform token of the Meme coin launch platform boop.fun founded by NFT whale Dingaling.
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Non-USD currency pairs collectively fall by more than 0.5%
Jin10 data reported on May 1, the New Zealand Dollar against the US Dollar NZD/USD is down 0.50% intraday, currently at 0.5902. The New Zealand Dollar against the US Dollar NZD/USD has fallen below 0.59, with an intraday decline of 0.53%. The US Dollar against the Canadian Dollar USD/CAD has risen by 0.50% intraday, currently at 1.3856. The Australian Dollar against the US Dollar AUD/USD has dropped over 0.50% intraday, currently at 0.6368.
BOOP market capitalization briefly surpassed 500 million USD, and the trading volume exceeded 60 million USD within an hour and a half of launch.
According to BlockBeats news on May 1, data from GMGN shows that the Meme coin launch platform boop.fun's Platform Token BOOP on Solana briefly exceeded a market capitalization of 500 million USD, currently reported at 461 million USD, with a trading volume of 62.2 million USD reached within one and a half hours of launch. It is reported that boop.fun is a Meme coin launch platform founded by NFT Whale and encryption KOL Dingaling, and unlike Pump.fun, boop.fun distributes transaction fees to BOOP Token holders.
Macquarie: The US dollar is unlikely to completely reverse its recent fall.
Jin10 Data reported on May 1 that Macquarie strategist Thierry Wizman stated in a report that even if the Trump administration cancels all tariffs, the US dollar is unlikely to completely reverse its recent fall. He said, "After all, aside from capital flight, considering the declining integrity of some US institutions and systems, there is a need to reduce dependence on the dollar. The dollar will no longer be an essential currency, but more of a substitute for a few comparable currencies like the euro."
BTC_USDT breaks through 97000 USDT
According to the Gate.io News bot, the market data from Gate.io shows that the BTC_USDT price has exceeded 97000 USDT, currently at 97025.9 USDT. The 24-hour increase is 3.21%.
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Large fund flow: Whale conducts a $4.8 million ETH operation through the Spark lending platform.
Gate.io News bot message, a Whale account deposited 4,815 ETH (valued at 8.86 million USD) into the Spark lending platform and borrowed 4.5 million DAI. The account then converted these DAI to USDS and deposited them into the Aave V3 platform.
Blockchain data shows that the wallet previously received ETH from multiple wallets that had previously interacted with Tornado Cash.
Large holders bought a significant amount of ETH within two hours, totaling over ten million dollars.
According to the Gate.io News bot, on-chain data shows that several large holders have made large-scale ETH purchases in the past two hours.
The wallet address 0xDdb4 borrowed 3.44 million USDC from Aave and subsequently used these funds to purchase 1,856 ETH. Meanwhile, another address 0xf84d borrowed 1.64 million USDC from Aave and used 2.34 million USDC to acquire 1,259 ETH.
In addition, a newly created wallet address 0x69D0 withdrew 2,250 ETH from a certain platform, worth approximately 4.12 million dollars.
The Sky core team submitted a governance token upgrade proposal to fully convert MKR into SKY.
According to the Gate.io News bot, TheBlock reports that the Sky core governance team Atlas Axis has submitted a new proposal to the community, planning to completely upgrade the governance token of the Sky ecosystem from MKR to SKY.
Sky is renamed from Maker in 2024 through the "Endgame" strategy, having previously launched USDS and SKY tokens to replace DAI and MKR respectively. According to the proposal, MKR holders can convert their tokens to SKY at a ratio of 1:24000. Starting from September 18, a 1% fee will be charged for the conversion, which will increase by 1% every three months.
Once the proposal is approved, all governance rights will be transferred to the SKY Token. The conversion process is expected to be completed between May 15 and May 19, with the specific timing determined by on-chain voting. Currently, the supply of USDS has exceeded $7.5 billion.
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The Sky community is considering a final proposal to replace MKR with SKY as the sole governance token.
Sky (formerly MakerDAO) has proposed a protocol upgrade plan to transition from MKR to SKY, which will make SKY the sole governance token, support staking, and unlock USDS rewards. The co-founder praised it as a "huge milestone." Although USDS and SKY serve as upgrade tokens, DAI and MKR remain in circulation, allowing users to choose a gradual transition.