Weissman, Chief Economist and Portfolio Manager of MFS Investment Management, stated in a report that Federal Reserve Chairman Powell is almost certain to express a wait-and-see attitude at this week's meeting. The chaos of US tariff policies makes the future macroeconomic outlook particularly difficult to predict. The Federal Reserve will also note that inflation caused by tariffs, even if theoretically considered temporary, may result in more persistent real inflation. Therefore, without clear signals indicating that the economy is substantially weakening, the Federal Reserve will be unwilling to relax policy. In other words, without actual economic deterioration, the Federal Reserve may postpone interest rate cuts if necessary.
According to Foresight News, Coinbase CEO Brian Armstrong tweeted that this week is a crucial opportunity for Congress to push forward legislation on stablecoins and market structures. He strongly supports the Senate initiating debate on the GENIUS bill, which requires 60 votes to pass. We also welcome the House of Representatives to continue its efforts on the basis of FIT21. Both houses need to take immediate action to pass comprehensive legislation before August, "Foresight News noted. The GENIUS bill is a piece of legislation proposed by the US Senate aimed at establishing a clear regulatory framework for payment based stablecoins.
On May 6th, according to Nansen data, Solana had approximately 24.2 million active addresses on the network over the past week, ranking first in the entire network.
The number of active addresses in the Tron network is 5.9 million, with a base of 5.4 million, ranking 2nd and 3rd respectively.
According to BlockBeats, on May 6th, two cryptocurrency bills in Florida have been removed from the legislative process, dealing the latest blow to the strategic Bitcoin reserve targets at the state level in the United States. The Florida Senate announced that Florida House Bill 487 and Senate Bill 550 were "indefinitely postponed and withdrawn from consideration" on May 3.
The Florida Legislative Assembly adjourned on May 2nd and did not pass the two bills that were supposed to push for legislation to establish a cryptocurrency reserve in the state. （Cointelegraph）
Odaily Planet Daily News: In response to CryptoQuant's report on "KuCoin Bitcoin reserves dropping to 4100", KuCoin stated that its asset reserve data released on May 1st showed that KuCoin currently holds 10306 BTC, with 9751 user assets and a Bitcoin asset reserve ratio of 106%. The relevant report data is incorrect.
