Fortune: Meta Is Looking to Enter Red-Hot Stablecoin Market

BlockBeats News: On May 9th, according to Andy, an investor in The Rollup Ventures, cryptocurrency funds are generally facing fundraising difficulties due to the impact of Trump's tariff policies, except for a few institutions such as Maven11 and Archetype. The current best investment opportunities are concentrated in the valuation range of 5-10 million US dollars, which is significantly lower than before. Meanwhile, institutional investors are more inclined to allocate public market assets due to liquidity considerations. Andy expects the project team, which is expected to weather the current downturn, to have development opportunities when large investments (at the $25 million level) enter the market in the future.

According to transparency data on Tether's official website, as of 7:30 am Beijing time, the net circulation of USDT stablecoins issued by Tether reached $149.734 billion. Among them, Tron chain has the highest proportion, reaching $73.056 billion; Ethereum chain ranks second with 71.565 billion US dollars; The combined proportion of the two is 96.58%. Solana, Ton, and Avalanche chains are valued at $1.921 billion, $899 million, and $833 million, respectively.

According to BlockBeats, on May 9th, the official announcement of TRUMP token stated that the TRUMP dinner ranking list will be closed at 1:30 pm (EST) on May 12th, and the top 220 dinner spots will be locked in. Trump himself will attend the dinner on May 22nd. According to the ranking data, the current 220th address holds 5140.808 TRUMP tokens and 3114.569 tokens weighted by time. The final eligibility ranking is based on time weighting. According to the rules, whales that have recently sold their positions will still be eligible to attend.

Odaily Planet Daily News: Treasure DAO, a blockchain gaming ecosystem, has launched Agent Social Pilot. The first batch of 1000 spots are open to NFT agents on the support list (including SMOL, Azuki, BAYC, Meebits, Milady Maker). Users can pay 0.005 ETH to activate the X connection function, allowing agents to post independently.

Odaily Star Daily News: Upbit, a South Korean cryptocurrency exchange, officially announced that it will adjust the fund limit time for users who have not completed customer identity verification (KYC) re authentication from May 13, 2025. Adjust from "restriction from 24:00 on the deadline" to "restriction from 1 hour before the deadline". For example, for users whose deadline is May 1st, if they fail to complete the deposit and withdrawal function before 23:00 on May 1st, the deposit and withdrawal function will be suspended from that time onwards. Upbit reminds users to complete verification in advance to avoid affecting transactions.