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On May 16, The Federal Reserve (FED) Bostic stated that due to uncertainty, a rate cut is expected once this year. The economic growth rate this year could be 1% or 0.5%. Economic growth is expected to slow, but I don't believe a recession will occur. ( Jin10 )

On May 16, Trump stated that U.S. officials will soon send letters to various countries regarding the trade agreement. ( Jin10 )

[The SEC Releases FAQs on Cryptocurrency Activities and Distributed Ledger Technology] According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has published frequently asked questions (FAQs) clarifying how broker-dealer and transfer agent rules apply to cryptocurrency assets and Distributed Ledger technology.
SEC Commissioner Hester Peirce stated that the guidelines address custody rules, the creation of physical encryption ETFs, and the issues surrounding tokenized securities, calling it a "incremental step forward."

On May 16, crypto analyst ali_charts stated that Bitcoin whales have profited, having sold over 30,000 BTC in the past 72 hours.

[Wintermute Address received 10 million MIRAI, possibly for market making] According to Lookonchain monitoring, the Wintermute Address has received 10 million MIRAI (worth $105,000), possibly as a market maker for MIRAI.

On May 16, according to official data, the new TGE (Alaya AI) of CEX Wallet has been opened for investment, ending at 17:00 Beijing time.

[Data: Whales have purchased over 1 billion DOGE in the past month] According to on-chain analyst @ali_charts, in the past month, whales have purchased over 1 billion DOGE.

The Altcoin Season Index was 25 on May 16, having reached 43 on May 10, indicating that approximately 25 Crypto Assets have outperformed Bitcoin over the past 90 days. The index is calculated in real-time based on the performance of the top 100 alts relative to Bitcoin over the past 90 days, reflecting whether the market is in an altcoin-dominated season.

On May 16, according to CEX market information, Vaulta (A) briefly broke through 0.83 USD, currently priced at 0.8327 USD, with a 24-hour rise of 7.4%. Previously, it was reported that WLFI purchased 3 million USD of EOS and A through the BSC ecosystem Pancake and exSat ecosystem 1DEX.

BitDeer Technologies reported a 41.3% decline in revenue for the first quarter of 2025, but net profit rose, mainly from non-cash gains from derivation. The self-mining business generated $37.2 million in revenue, with a net income of $409.5 million, of which non-cash gains amounted to $503.1 million. The company stated it will increase its self-mining Computing Power to 40 EH/s.

The Wormhole Foundation announced the appointment of Arian Motamenzadeh as the new Managing Director, focusing on protocol fee conversion and institutional adoption. He has ten years of experience in corporate leadership and scaling profitability, having successfully led companies to achieve billions of dollars in IPOs and exits.

On May 16, according to on-chain information, the Trump family's encryption project WLFI purchased $3 million worth of EOS through the BSC ecosystem DEX protocol Pancake. At the same time, it bought $3 million through the exSat ecosystem DEX protocol 1DEX.

A wallet associated with the Compound team recently deposited 250,100 COMP into CEX Prime, worth $11.2 million. Prior to this, the wallet redeemed 398,100 COMP from Compound V3, worth approximately $17.7 million, marking the first change in COMP in 9 months. Currently, the wallet still holds 148,032 COMP, valued at $6.58 million.

[The U.S. SEC Releases FAQs Clarifying How Dealer and Transfer Agent Rules Apply to Encryption Assets and Distributed Ledger Technology] According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has released frequently asked questions (FAQs) clarifying how broker-dealer and transfer agent rules apply to encryption assets and distributed ledger technology.
Commissioner Peirce stated that the guidelines address issues related to custody rules, the creation of physical encryption ETFs, and tokenized securities, calling it a "incremental step" forward.

The Believe platform is accumulating token supply for its ecological Token through a fee mechanism, such as through the Theranos Token, to attract more holders. The team needs this funding to survive and list on CEX, while Whale users should not donate. If used for marketing and listing projects, this practice is considered the new gold standard.

The Wintermute Address has received 10 million MIRAI, possibly as a market maker. According to Lookonchain monitoring, the Wintermute Address has obtained 10 million MIRAI (worth $105,000), possibly as a market maker for MIRAI.

On May 16, according to Onchain Lens monitoring, the Trump family's encryption project WLFI spent $3 million to buy EOS at an average purchase price of $0.825.

DDC Enterprise launched a Bitcoin reserve strategy, planning to hold 5,000 BTC within 36 months and rapidly increase its holdings to 500 coins. The company's revenue last year reached $37.4 million, with a net profit margin of 28.4%, and cash investments totaling $23.6 million. Founder Norma Chu emphasized that Bitcoin aligns with a diversified reserve strategy.

[The majority leader of the U.S. Senate has submitted a motion to end debate on the GENIUS Act, which will be voted on May 19] U.S. Senate Majority Leader John Thune has officially submitted a motion to end debate on the GENIUS Act, scheduled for a vote on May 19. This stablecoin regulation bill requires that issuers with assets over $10 billion be regulated by The Federal Reserve (FED), while smaller institutions are regulated at the state level; all stablecoins must be fully backed by assets such as USD or government bonds. The latest bipartisan amendment proposes to add three provisions: 1) stricter rules for tech companies involved in financial assets; 2) enhanced consumer protection mechanisms; 3) increased oversight of government officials (including individuals like Musk). The House of Representatives previously passed a similar STABLE Act, requiring complete transparency in the operations of stablecoin issuers like USDT.
If the bill is passed, it will become the first federal legislative framework in the United States targeting stablecoins. The Senate has disappeared.

The Sichuan Public Security Bureau has released 10 typical cases of economic crimes, including the "2•6" illegal business case. The suspects established a company to conduct illegal cross-border exchange transactions using Social Web software, involving an amount of over 3.9 billion yuan. A total of 21 suspects have been successfully captured, and the case is set to conclude its investigation and be transferred for prosecution in December 2024.