1⃣ ONDO surged 36% in just one day, ICP increased 20.75%, STRK increased 20%, while the total crypto market Capital rose 0.9% to approximately $2.76 trillion in the past 24 hours.
2⃣ Apple and Intel reached a preliminary agreement on chip manufacturing, causing Intel shares to surge 14% and hit a new high in a single trading session. AMD also rose 11.4%, while the Nasdaq continued its upward trend for the third time this week.
3⃣ The US Senate Banking Committee announced it will hold a hearing on the Digital Asset Market Transparency Act on May 14th. This is XEM a crucial moment in the process of building a legal framework for crypto in the US.
4⃣ The US added 115,000 non-farm jobs in April, significantly higher than the forecast of 62,000. The probability of the Fed keeping interest rates unchanged in June has now risen to 94.1%. Chicago Fed President Austan Goolsby said both interest rate hikes and cuts are still being considered.
5⃣ Coinbase, Kraken , and Gemini are lobbying the US Congress to remove the requirement that "Token must be resistant to price manipulation" in the new crypto bill. The exchanges are concerned that this regulation will make it more difficult to list small Capital Token .
6⃣ Bitcoin has risen approximately 35% against gold since tensions in Iran escalated. However, CryptoQuant suggests this may just be a “bear market rally”—a rebound within a downtrend—and profit-taking pressure is beginning to mount.
7⃣ ECB President Christine Lagarde opposes Europe copying the US stablecoin model. Instead, she wants to build a Tokenize payment system based on central bank money, with the goal of issuing a digital euro by 2029.
8. Kraken 's parent company, Payward, has applied for a National Trust Company license from the U.S. OCC to expand its digital asset custody services to organizations under direct federal regulation.
