BlockBeatNews

According to BlockBeats news on May 2, market sources indicate that the Trump team is ready to put pressure on Russia to end the war.

BlockBeats news, on May 2, traders cut bets on The Federal Reserve (FED) rate cuts, expecting nearly four rate cuts from the FED this year. (Jin10)

BlockBeats news, on May 2, the U.S. unemployment rate in April is 4.20%, expected to be 4.20%, previous value 4.20%. (Jin10)

BlockBeats news, on May 2, ahead of the non-farm payroll release, the US dollar weakened, while non-USD currencies and Spot gold strengthened. (Jin10)

Data from May 2 indicates that the funding rates of mainstream CEX and DEX are showing a divergence, with a mix of neutral and bearish sentiments. The funding rate is set to adjust the balance between the contract price and the underlying asset price, serving as a mechanism for the exchange of funds between long and short traders. When the funding rate is greater than 0.01%, the market generally holds a bullish view; when it is less than 0.005%, the market generally holds a bearish view.

BlockBeats news, on May 2, according to Spot on Chain monitoring, Curve founder Michael Egorov has sold 343,452 CRV (approximately $224,000) since April 8. Since March 24, the total sale volume has reached 3,433,000 CRV (approximately $1.85 million), with an average selling price of $0.539.

CryptoQuant analysts point out that BTC's annualized real MVRV has returned to the positive range, indicating that holders are in profit, which reduces panic selling. Holder confidence has increased, and the market has entered a more sustainable price rise cycle, until speculators take profits.

According to BlockBeats news on May 2, Moonshot Listings has monitored that Moonshot has launched Boopa, with a market capitalization currently reported at 8.26 million USD, a rise of 77.21% in the past hour, and a trading volume of 15.4 million USD in the past 24 hours.

BlockBeats news, on May 2nd, the privacy and scaling solution Aztec based on ZK Rollup announced on social media that it has launched its public Testnet.

BlockBeats news, on May 2, according to Cointelegraph, European Bitcoin financial company Blockchain Group plans to increase its Bitcoin holdings to 260,000 coins (24 billion USD) by 2033.

BlockBeats news, on May 2nd, according to monitoring by Moonshot Listings, Moonshot has launched the Meme coin Hosico cat on the Solana blockchain, with a market capitalization currently reported at 35.26 million USD and a 24-hour rise of 10.16%.

BlockBeats news, on May 2, Movement Labs announced, "We confirm that co-founder Rushi Manche has been temporarily suspended by Movement Labs. This decision was made in light of the current developments and the ongoing review by the third-party organization Groom Lake regarding organizational governance and a recent incident involving a certain market maker."

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.

According to BlockBeats news on May 2, Metaplanet Inc., a listed company in Japan, announced the issuance of 3 billion yen zero-interest ordinary bonds to increase its holdings of Bitcoin.