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The SEC's delay in Canary Capital's Litecoin ETF application, coupled with a call for public comments, led to a 5% drop in Litecoin's price, despite no clear rejection signal.
Quick Take Kenya’s High Court has ordered World to delete local users’ biometric data, ruling the collection violated privacy rights. The judge also barred World from further biometric data collection in Kenya.
Corporate entities are likely to continue accumulating Bitcoin over the coming years, joining the likes of Strategy, according to Bernstein researchers.
Quick Take New Hampshire has become the first state to pass a “Strategic Bitcoin Reserve” bill, according to Satoshi Action Fund founder Dennis Porter. Other states, including Arizona, Illinois, Maryland, Michigan, and Texas, are mulling similar legislation, which is largely based on a plan drafted by the pro-Bitcoin nonprofit Satoshi Action Fund.
Quick Take Bitcoin core developers said the 80-byte cap is already constantly side-stepped by spammers in a way that bloats and abuses the network. The plan received backlash for not gaining consensus and community support.
Quick Take DeFi Development Corporation bought 82,404.50 SOL, valued at around $11.2 million. The firm’s total SOL holdings now sit at 400,091 SOL, worth about $58.5 million including staking rewards, as of May 6. The purchase comes five days after DeFi Development Corp. penned a $24 million private investment in public equity deal to buy more solana.
- 11:29Commerzbank warns the US dollar may weaken due to reduced investment in US TreasuriesAccording to ChainCatcher, citing Jinshi News, Commerzbank analyst Thu Lan Nguyen stated in a report that if unstable and unpredictable U.S. policies make foreign investors reluctant to purchase U.S. Treasury bonds, the dollar may weaken. She pointed out that foreign investors have long provided capital to the United States, fueling its wealth growth. However, if concerns over lower returns lead to reduced investment, this could trigger a deleveraging process accompanied by a significant depreciation of the dollar.
- 11:10Fucheng Jinke Applies for Hong Kong VASP License, Actively Expanding into the Virtual Asset SectorChainCatcher reports that, according to Zhitong Finance, Future FinTech (FTFT.US) announced today that its wholly owned Hong Kong subsidiary, Future FinTech International Securities & Futures Limited, has officially signed an engagement agreement with a well-known Hong Kong compliance consultant. Based on the company’s existing Hong Kong Type 1, Type 2, and Type 4 licenses, the consultant has been commissioned to assist in applying to the Hong Kong Securities and Futures Commission (SFC) for a Virtual Asset Service Provider (VASP) license, as well as a Type 9 asset management license, with plans to cover both traditional and virtual asset management businesses. The consultant will conduct a detailed review and assessment of the company’s business model and risk management capabilities, and will assist the company in preparing the relevant application materials and business plan for submission to the Hong Kong SFC.
- 10:55Vitalik: More Interested in Open-Source AI Models with Robust Editing CapabilitiesAccording to ChainCatcher, Ethereum co-founder Vitalik Buterin stated on social media that rather than pursuing AI that is as “autonomous” as possible, it is better to create more pathways for human input. This not only improves output quality over a longer period but is also more beneficial for safety. Vitalik said that compared to models that generate content from scratch, he is now more interested in open-source AI models with robust editing capabilities. In the medium term, he hopes to see the emergence of advanced brain-computer interface technology that can display content in real time during the generation process, perceive user emotions, and dynamically adjust accordingly.