From idealism to speculative frenzy to realistic compromise, Crypto has failed to deliver on its initial revolutionary promise, but it has not failed completely. Instead, it has entered a more pragmatic stage.

Deposits and withdrawals of the network will be suspended from 14:55 on May 9. The maintenance is expected to last about 1 hour. During this period, transactions of TRX and its tokens will not be affected.

Coinbase will launch support for PAX Gold (PAXG) tokens on the Ethereum network and gradually open PAXG-USD trading pairs from 00:00 Beijing time on May 9 after liquidity conditions are met.

The program is part of the Stargate project. In the first phase, it will cooperate with 10 countries or regions to provide local data centers, customized ChatGPT and national AI startup funds to promote AI applications in areas such as medical care, education and public services.

Stripe announced the launch of "Stablecoin Financial Accounts", which supports corporate users in 101 countries and regions around the world who hold USDC or USDB stablecoin balances and can send and receive funds through fiat and crypto channels. USDB is an infrastructure stablecoin issued by Bridge.

The Federal Reserve kept interest rates unchanged for the third time, maintaining the benchmark interest rate target range at 4.25%-4.50%, in line with market expectations

David Bailey, who advised Trump on cryptocurrency policy during his 2024 campaign, is raising $300 million to launch a publicly traded Bitcoin investment firm, according to people familiar with the matter. He follows a string of companies that have acquired cryptocurrencies in an attempt to replicate the success of Michael Saylor's strategy. Bailey plans to raise $200 million through a private placement of new shares and $100 million through convertible bonds.

Web3 bank Vaulta (formerly EOS) announced on the X platform that EOS tokens will become A tokens on May 14. The exchange ratio is 1:1, the token economics have not changed, there is no exchange fee, and the exchange can be completed on May 14 through official channels.

Eric Trump, executive vice president of the Trump Organization and Trump's son, said at the Token2049 event in Dubai: "I like Bitcoin. I firmly believe that it is digital gold. I own a lot of Bitcoin myself, and Trump (his father) also holds a lot. And I think Bitcoin will grow exponentially in the next few years. Personally, this is a big bet for me."