News

12:00 (UTC+8) - 21:00 Keywords: Iran, CLARITY Act, SXT1. Iran states that all traffic in the Strait of Hormuz must obtain permission from Iran;2. Tokens such as ENA and SXT will be unlocked next week, with the SXT unlock valued at approximately $6.1 million;3. Senior Iranian officials reveal the latest details of Iran-US negotiations: No talks may be conducted without the permission of the Supreme Leader;4. Opinion: Even if the CLARITY Act is not passed, the US crypto industry will not be impacted in the long term;5. DCG founder: Bitcoin demonstrates trillion-dollar demand, and privacy coins such as Zcash will benefit from the "first-mover advantage."

Odaily reported, according to market sources: Billionaire Jack Dorsey’s crypto finance app platform, Cash App, officially launched the Bitcoin proof-of-reserves feature this week, allowing more than 60 million users to verify that Bitcoin holdings on its platform are fully supported by reserves at a 1:1 ratio. The market views this as an important step toward transparency, user trust, and self-custody standards in the crypto industry, and it is also regarded as a positive signal for promoting the long-term healthy development of the sector. (The Bitcoin Historian)

On May 3, the WSJ reported that discussions within the Federal Reserve regarding the path of interest rates are undergoing a significant shift. After months of expectations for rate cuts, officials have begun to discuss 'under what conditions a rate hike would be necessary.' The report states that during the latest policy meeting, three regional Fed presidents publicly opposed maintaining the language that 'the next step is more likely a rate cut.' Dallas Fed President Lorie Logan indicated that future rate adjustments 'could be either a hike or a cut.' Outgoing Fed Chair Jerome Powell also acknowledged that the Fed is gradually shifting from a 'dovish' stance to a 'neutral position,' stating that if a rate hike is needed in the future, the Fed would first move to a neutral guidance before leaning towards rate increases. The report notes that persistently high energy prices, the crisis in the Strait of Hormuz, and escalating tensions in the Middle East are re-elevating inflation risks in the U.S., which is also weakening market expectations for rate cuts this year.