Manny Rutinel, supported by Ripple, wins Colorado primary

According to Coin Bureau, Tether CEO Paolo Ardoino explained the reason why USDT has not applied for the EU MiCA license, stating that the regulation is very dangerous for stablecoins. Paolo Ardoino stated that MiCA may force issuers to deposit 60% of their reserves in uninsured cash deposits with small European banks, which may not be able to cope with large-scale redemptions. Paolo Ardoino believes that the legislation was not well considered and stated that skipping MiCA is to protect Tether's over 400 million users.

Arthur Hayes said in the Bonnie blockchain podcast that the AI foam is most likely to burst in 2028. Arthur Hayes believes that AI debt is generated between 2024 and 2026, and the actual useful life of GPUs is two years, with Wall Street depreciating them over six years. In two and a half years, if the performance of Chinese models is comparable to Western models and runs on Huawei chips priced at only one tenth, the economic logic of Western data centers will evaporate.

[Trader 0x50b3 Faces Unrealized Losses Exceeding $5.5 Million, Wiping Out a Month's Profits] According to monitoring by Lookonchain, on-chain trader 0x50b3 holds ETH short and BTC long positions with a combined unrealized loss exceeding $5.5 million. The trader had accumulated $4.96 million in profits over the past month.

According to The Block, Ark Invest, a subsidiary of Cathie Wood, purchased Circle Internet Group stock worth $18 million on Wednesday, causing CRCL's stock price to drop to $61.95 on the same day.

Strive CEO Matt Cole stated that the target price for SATA preferred stock remains at $100, but the company has cancelled the guarantee of automatically issuing new shares at that price. Matt Cole stated that the current market situation is not normal, and retaining issuance flexibility can avoid being exploited by bears. Future issuance decisions will refer to data such as short selling ratios and borrowing costs, and specific actions will not be announced in advance.