BTC breaks through the $95500 mark

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According to Beincrypto, streaming giant Netflix is preparing to make a movie based on the 2022 FTX crash and is currently entering a critical stage of casting. Emmy Award winner Julia Garner is expected to play Caroline Ellison, the former CEO of Alameda Research who has pleaded guilty, while Evan Peters, who starred in "Darmer the ogre," may play SBF (SBF). Graham Moore, winner of the Academy Award for Best Adapted Screenplay, is in talks to become a screenwriter. It is reported that the film will use a love story as the narrative framework to recreate how the once valued $32 billion cryptocurrency empire collapsed in two weeks. If Garner is confirmed to star, he will once again portray the protagonist of a financial fraud case, following in the footsteps of "Fictional Anna". Industry insiders pointed out that the project is still in the early stages of development, and about 60% of Hollywood's approved scripts fail to be put into production each year.

BlockBeats News: On May 7th, JPMorgan Chase pointed out that when the Federal Reserve is in a dilemma due to conflicting macroeconomic data, its final decision often lags behind the situation. Trump is increasingly urging the Federal Reserve to lower interest rates, but the Fed is currently in a difficult situation. Morgan Stanley analysts say that it is almost impossible for the Federal Reserve to cut interest rates at the May policy meeting this week, and the likelihood of a rate cut at subsequent meetings is also low. JPMorgan Chase believes that there are two reasons why Federal Reserve officials are constrained in monetary policy. One reason is that rising inflation expectations make it difficult for the Federal Reserve to initiate interest rate cuts. The latest consumer inflation report shows that inflation in March increased by 2.4% year-on-year, exceeding the Federal Reserve's target of 2%. Compared to possible future scenarios, this number is still quite low: the one-year inflation expectation compiled by the University of Michigan is 6.5%. Trump's tariff policy is expected to increase costs for consumers, which is the main driving factor behind the significant rise in inflation expectations. The concerns caused by the trade war have intensified the risk of stagflation, which is the possibility of the US economy falling into a situation of stagnant growth and sustained price increases. In this situation, the Federal Reserve is actually in a dilemma as it cannot address both issues simultaneously. The second reason is that macro data has not yet shown the necessity of interest rate cuts. The current encouraging data masks the issue of inflation expectations, and macroeconomic data continues to remain strong, even showing relatively strong performance in some aspects. Last Friday's unexpectedly positive non farm payroll report for April boosted investor confidence and pushed the stock market up. In other words, the market is not pricing for an impending recession. Morgan Stanley's analyst wrote: 'The forward P/E ratio of the S&P 500 index (SPX) is currently 21 times, and earnings per share (EPS) are expected to increase by 10% this year and 14% next year.'. This far does not reflect a clear concern about the recession

Odaily Planet Daily News: After Futu Securities International (Hong Kong) Limited announced the official launch of BTC, ETH, and USDT deposit services, the company's Managing Director, Xie Zhijian, stated that in addition to the deposit function, withdrawal function, and more mainstream currency deposit and withdrawal support are also part of Futu's plans. In the future, it will also launch a more diversified investment platform for Crypto investors.

According to official sources, Kay, CEO of HashKey Eco Labs, stated in an interview with FT Chinese that as institutions accelerate their embrace of the industry trend of RWA (real-world assets) on chain, HashKey Chain's business is developing rapidly and continues to achieve significant performance breakthroughs. As of now, the HashKey Chain team has established in-depth connections with over 200 institutions, covering multiple fields such as traditional financial institutions, asset management companies, technology enterprises, and Web3 native projects, further consolidating its market position as the "preferred public chain for finance and RWA". Kay stated that traditional financial institutions are particularly active in these cooperation intentions, covering multiple top banks, asset management companies, funds, and insurance companies. They are exploring tokenizing traditional financial products such as money market funds (MMFs), ETFs, bonds, etc., to achieve 24/7 global market access, real-time trading, and capital efficiency improvement through blockchain. At the same time, the demand for blockchain in non-financial sectors is also showing a diversified trend, including the combination of blockchain and artificial intelligence to create new decentralized applications, high-performance public chains that support distributed physical infrastructure networks (DePIN), etc. In addition, companies in the fields of technology, new energy, art, smart wearables, and consumer brands are also accelerating the blockchain of real assets. It is worth noting that during the Web3 Carnival in Hong Kong, HashKey Chain completed two landmark collaborations with China Taiping Investment Management (Hong Kong) for MMF tokenization and on chain deployment of Boshi ETF, which attracted high attention from the industry. By continuously expanding innovative application scenarios in RWA and other fields, HashKey Chain is becoming the preferred partner for global institutions and continues to lead the industry competition.