Loading...
BlockBeats News: On May 21st, Stacks released a new roadmap, including Stacks Value and Economic System, Stacks DeFi Growth Plan, Ecosystem Expansion Plan, Block Production and Speed Enhancement, Trustless sBTC, and Promoting STX Value Growth.
BlockBeats News: On May 21st, Bitfinex Alpha released a report stating that Bitcoin has shown strong resilience and structural strength since regaining its position at the low point of the $92000 range in late April, and the price has steadily risen. This rise is clearly driven by the spot market, characterized by a rapid and impulsive market trend after a brief and clear consolidation phase. This trend indicates that the current market is in a healthy stage of chip accumulation, with strong real demand behind it, rather than being caused by speculative overheating. The cumulative difference in spot trading volume (CVD) of major trading platforms remains positive, further confirming that the market is dominated by real buying rather than leveraged speculators. At the same time, the position performance in the derivatives market is more reactive, and the volatility of open contracts indicates that the market is in a transitional stage, accompanied by short squeeze and reset caused by strong liquidation. This kind of cleaning helps to lay a more healthy foundation, so that the speculative foam can be digested. The current upward momentum is driven by the real capital flow, and the support is more stable. Although the possibility of a short-term correction still exists, the overall trend remains positive.
BlockBeats News: On May 20th, according to Fortune magazine, Musk stated on Tuesday that he will reduce his spending on political campaigns in the future. When asked if he would continue to make political donations in the future, Musk said, "I will do much less in the future." When asked about the reason, he replied, "I think I have done enough." However, he added, "If I see a reason for political investment in the future, I will still do it Musk's decision also reflects a certain disappointment in politics, especially after his experience working with the Department of Government Efficiency (DOGE). The department was originally committed to cutting federal government spending, but failed to achieve the expected goals. Musk previously claimed that DOGE could save up to $2 trillion, equivalent to about 30% of the federal government's spending in the previous fiscal year. However, he has recently significantly lowered his target, and as of last month, the amount of savings he promoted was only $150 billion. Musk spent at least $250 million supporting Trump in the last presidential election and even personally organized some campaign rallies. This year, he also participated in an election for the Wisconsin Supreme Court, although the candidate he supported ultimately lost.
Odaily Planet Daily News: Although the deadlines for several executive orders have passed and have not been publicly announced, analysts believe that Trump's upcoming Memecoin event and Vance's Bitcoin 2025 keynote speech may provide new information. Analysts at K33 state that the development of cryptocurrency policies remains a key catalyst, urging participants to pay attention to the potential development of strategic Bitcoin reserves in the coming days. However, analysts warn that recent administrative orders may have a profound impact on the digital asset market. The Trump administration has signed multiple executive orders, including the establishment of a strategic Bitcoin reserve and a US digital asset reserve, aimed at turning the US into a global cryptocurrency hub. （The Block）
Foresight News reported that Bancor is suing Uniswap for infringing on its DEX smart contract technology patent. Bancor claims that Uniswap infringed on its 2017 patent, which covers the core structure of automatic on chain token exchange without the need for a centralized intermediary. The amount of compensation demanded in the lawsuit is unknown. The lawsuit was filed by the Bprotocol Foundation, a non-profit organization that supports the development of the Bancor protocol, and LocalCoin Ltd., the original developer of Bancor. The lawsuit has been filed in the Southern District Court of New York, alleging that the Uniswap protocol is built upon Bancor's patented Constant Product Automated Market Maker (CPAMM) infrastructure.