MarsBitNews

The US stablecoin bill is stalled due to the Democratic Party's shift in stance on issues such as consumer protection and safety. Nine Democratic senators suddenly opposed the bill, pointing out loopholes in AML, security, and other aspects, and called for further revisions. This has led to uncertainty for the Republican-led bill at a critical moment, requiring the support of at least seven Democrats to pass.

Original Title: AI Trends in the Trenches
Original author: 0xJeff
Source:
Compiled by: Daisy, Mars Finance
About 2.5 weeks have passed since the AI agency market reached its bottom (approximately $4 billion in market capitalization), and the market has now fully entered a bull market dominated by @virtuals\_io. That's right... only Virtuals is leading the way. This wave of market activity is similar to the period from October to November last year, when Virtuals launched its agency tokenization platform, establishing itself as a pioneer and the first legitimate player, providing a top-tier distribution network for any AI-related projects willing to adopt a "fair launch" token model.
The difference this time lies in the latest feature "Genesis"

According to Mars Finance, on May 4, Russian President Putin stated in the documentary "Russia·Kremlin·Putin·25 Years" featuring Said Medvedeva and Pavel Zarubin aired on "Russia 1" television: "We did not specifically prepare for the special military operation in Ukraine, but sought to resolve the Donbas issue through peaceful means. However, it has been proven that the other side has different ideas and takes different actions." ( Jin10 )

According to Mars Finance, on May 4th, Arizona Senator Wendy Rogers responded to the rejection of her proposed Bitcoin reserve bill, stating that she will reintroduce the proposal in the next legislative session.
Rogers emphasized: "It is Arizona that needs Bitcoin - not Bitcoin that needs Arizona," and warned that the state has missed the opportunity to establish a first-mover advantage. She pointed out the strategic value of Bitcoin as an inflation hedge and stated that she would push for legislation to make Arizona the first in the nation to incorporate Bitcoin into state financial reserves.

French Interior Minister Bruno Retailleau forwarded a news report stating that the father of a certain crypto asset tycoon was kidnapped in Paris and has now been rescued. The involved crypto asset tycoon manages a cryptocurrency company in Malta, and after his father was kidnapped, a ransom of 5-7 million euros was demanded, with four people already arrested. Additionally, reports indicate that Ledger co-founder David Balland was also kidnapped in France earlier this year; he was ultimately rescued but had a finger severed.

According to Mars Finance, on May 4, as reported by Taiwan's "Commercial Times" website on May 3, after the U.S. government banned the sale of H20 chips targeting the Chinese market, American chip giant Nvidia is accelerating the development of another artificial intelligence (AI) chip that complies with U.S. export regulations in order to maintain its market share in China. The report states that, according to U.S. media, Nvidia has informed three Chinese companies that it is adjusting the AI chip design, seeking to continue supplying products to China without violating U.S. export controls. ( Jin10 )

According to Mars Finance, Thumzup Media Corporation, a Nasdaq-listed company, has submitted an S-3 registration statement to the SEC, planning to issue a total of up to $200 million in common stock, warrants, units, or rights. The company intends to use the funds raised for general corporate purposes, including the purchase of Bitcoin as a primary reserve asset and for daily operating capital arrangements.

The Toledo Museum of Art in Ohio, USA, will host the exhibition "Infinite Images: The Art of Algorithms" on July 12, showcasing 12 CryptoPunk NFTs, including works numbered #635、# 6649, #3990、# 2646, #550、# 4153, #2073、# 8557, #223、# 6669, and #419、# 9833.

The South Korean presidential election is about to take place, and digital asset investors have become a key voter group, accounting for 36% of the total electorate. Each candidate has proposed policies related to digital assets, such as advancing the fundamental law of digital assets and relaxing restrictions on institutional investment. The voting preferences of this group will have a significant impact on the election, with the market size reaching a level comparable to KOSPI.

California Governor Gavin Newsom pointed out that the Trump administration's tariff policy has harmed California, and the state will continue to open trade with China. Newsom stated that California has always been a stable trading partner with China, and both sides have signed multiple cooperation memorandums. He emphasized that global trade is interdependent, and California keeps its doors open to all trading partners.

Rumors are circulating that XRP will acquire Circle for $20 billion, attracting market attention. The stablecoin battlefield is heating up, and XRP is trying to strengthen its position in this field. The key price range is set at $2.25, and a breakout is imminent. XRP's technical performance leans towards long positions; if it stabilizes at $2.25, it may aim for $2.35 to $2.50; $2.18 is a key support level. Circle's IPO plans may be affected, with a direct focus on the dominance of stablecoins.

Ethereum is committed to becoming the world's ledger, providing support for infrastructures such as finance and governance. In addition to scalability and performance, the simplicity of the protocol is also crucial, as it can drop development costs, improve security, and enhance verifiability. Simplifying the consensus layer and execution layer, adopting a more streamlined and high-performance VM like RISC-V is the direction of development. Integrating shared components to create a more elegant system foundation makes Ethereum simpler and more reliable.

According to Mars Finance, Aztec has announced that its public testnet is now officially live, bringing a Layer 2 solution focused on privacy protection to the Web3 ecosystem. The network aims to achieve efficient shielded transactions through zk-SNARKs technology, supporting DApp developers in building secure, anonymous decentralized applications.

According to Mars Finance, on May 3rd, the CME "The Federal Reserve (FED) Watch" reported that the probability of the Federal Reserve maintaining the interest rate unchanged in May is 97.2%, while the probability of a 25 basis point rate cut is 2.8%.

According to Mars Finance news on May 3rd, monitoring by Farside Investors revealed that yesterday the net inflow of the US Ethereum Spot ETF was 20.1 million USD. All of it was the inflow of BlackRock ETHA.