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

According to SBS Biz, the Democratic Party of Korea announced that the Digital Assets Committee of its Presidential Election Preparation Committee will hold its first meeting. The committee has two sub groups - one focusing on industrial growth and innovation, and the other on supporting policies and legal frameworks. These two groups aim to build a system that promotes collaboration between policy advisors and the private sector.

According to Foresight News, Solana Innovation Trust has proposed the concept of Meta blockchain, which involves publishing data on chains such as Ethereum, Celestia, Solana, etc., and merging the data into a single sort through specific rules to leverage the cheapest Data Availability (DA) service.

According to Foresight News, the Radiant DAO community has released a proposal to compensate for unlimited authorization vulnerability losses. The proposal includes compensation for unlimited authorized user losses caused by the October 16, 2024 vulnerability (involving Arbitrarum and BNB Chain), with a loss of $7.7 million in 2024 and $1.2 million in the first quarter of 2025. Compensation will be issued in the form of stablecoins, with a 30% discount on losses in 2024 and a 60% discount in 2025, with priority lower than depositor compensation (RFP-47). The community needs to vote to determine the source of funding, with options including DAO and partners sharing or not compensating.

BlockBeats news, on May 13th, according to Alternative data, the cryptocurrency panic and greed index was 70 today (remaining at 70 for the fourth consecutive day), with market "greed" sentiment dominating the market. Note: The threshold for the panic index is 0-100, including indicators such as volatility (25%)+market trading volume (25%)+social media popularity (15%)+market research (15%)+Bitcoin's proportion in the entire market (10%)+Google keyword analysis (10%).

Dell has officially rejected a shareholder proposal to include Bitcoin in the company's treasury. Dell stated in its response letter on May 9th that proposals that "delve into complex issues that prevent shareholders from making informed judgments and engage in improper micro management of the company" can be excluded. The statement of support for this proposal exposes the proposer's intention to micro manage the management's discretion in managing the company's cash and building investment structures. It advocates that Dell should consider replacing some of its cash and bonds with assets such as Bitcoin that can outperform inflation. But the staff has previously pointed out that regulating the company's investment form would improperly limit the management's discretion in ordinary business affairs. Whether requiring investment in cryptocurrency assets or divesting such assets, this proposal improperly restricts the autonomy of management and board of directors in company management.