HB 302 authorizes state treasurers to purchase Bitcoin or digital assets with a market value of more than $500 billion and sets a holding limit of 5% of total reserve funds.

Encrypted payment, compliance first.

Crypto prediction market platform Kalshi said the U.S. Commodity Futures Trading Commission (CFTC) has withdrawn its previous appeal against its election prediction market services.

According to the Ministry of Commerce, China has decided that Vice Premier He Lifeng will lead a delegation to Switzerland from May 9 to 12 to hold economic and trade talks with US Treasury Secretary Benson.

SOL Strategies, a Canadian Securities Exchange-listed company, announced that it has purchased 122,524 SOL tokens at an average price of $148.96, utilizing all of the initial $20 million in its recently completed ATW funding facility.

Tower Research Capital, one of its in-house quantitative trading teams, Limestone Trading, has increased its capital allocation to its cryptocurrency trading book, and the company has also upgraded its infrastructure to play a more important role as a market maker on global cryptocurrency exchanges. Tower Research Capital is quietly increasing its bets on cryptocurrencies such as Bitcoin as institutional investors rekindle interest in digital assets after U.S. President Trump expressed support for the industry.

Binance will list Maple Finance (SYRUP) and Kamino Finance (KMNO) at 23:00 (ET) on May 6, 2025, and will open the following spot trading pairs: SYRUP/USDT, SYRUP/USDC, KMNO/USDT, KMNO/USDCSYRUP. KMNO deposits will be available in one hour, and withdrawals are expected to be available at 23:00 (ET) on May 7, 2025.

DeFi analysis platform IntoTheBlock and liquidity service provider Trident Digital announced a merger to form Sentora and completed a $25 million founding round of financing, led by New Form Capital, with participation from Ripple, Tribe Capital, UDHC and Joint Effects, and further support from strategic ecosystem investors such as Curved Ventures, Flare and Bankai Ventures. The new company will be led by Trident co-founder and former Coinbase risk strategy director Anthony DeMartino, and aims to provide institutional investors with one-stop on-chain financial services covering income strategies and compliance risk control.

Chainalysis data shows that since the launch of the meme coin TRUMP earlier this year, its creators have earned more than $320 million in fees. After the Trump dinner was first announced, the trading activity of the meme coin surged and the price rose accordingly. But the Trumps don't need to sell any meme coins to make money. According to its white paper, 20% of the total supply of 1 billion TRUMP coins are in circulation, half of which are invested in decentralized exchange liquidity pools. CIC Digital, an affiliate of the Trump Group, makes a profit by charging a 0.3% fee on each transaction. Blockchain analysis company Nansen pointed out that this model does not rely on coin price fluctuations, but instead continuously obtains income through trading volume. Currently, 80% of the tokens are still locked and belong to Trump-related companies.

Israeli social investment platform eToro announced the details of its New York IPO, planning to issue 10 million Class A common shares at $46-50 per share, raising up to $500 million, with a valuation target of $4 billion. 5 million of the shares will be sold by existing shareholders, and underwriters can subscribe for an additional 1.5 million shares in over-allotment. Seven institutions including Goldman Sachs, UBS, and Citigroup form the underwriting group, and BlackRock has expressed its intention to subscribe for shares worth $100 million. The company's stock will be listed on the Nasdaq Global Select Market with the code "ETOR".

Binance Futures will launch perpetual contracts at the following time: B2USDT perpetual contracts with a maximum leverage of 50x.