Overview of Key Overnight Developments on May 7

21:00-7:00 Keywords: New Hampshire, NewLimit, Kalshi, Federal Reserve

1. USDC Treasury minted 250 million USDC;

2. U.S. Treasury Secretary: Does not support the Federal Reserve issuing digital currency;

3. BlackRock purchased 5,613 BTC again, valued at approximately $529.5 million;

4. New Hampshire allows Bitcoin holdings to be capped at 5% of the state's total funds;

5. U.S. CFTC withdraws appeal against crypto prediction platform, Kalshi states "election contracts will continue to exist"; 

6. DeFi Development increased holdings by 82,404 SOL, total holdings exceeded 400,000;

7. New Hampshire Governor signed a law allowing the state to invest in Bitcoin and cryptocurrencies.