The bill intends to establish a unified regulatory framework, clarify the definitions of digital commodities, stablecoins, self-custody rights and decentralized finance, grant the CFTC and SEC a division of regulatory powers, and establish a registration mechanism for exchanges, brokers, custodians, etc.

The U.S. Securities and Exchange Commission (SEC) issued an order to postpone the decision on the Litecoin (LTC) spot ETF application submitted by Canary Capital, and continue to evaluate whether the ETF meets regulatory requirements to prevent fraud and manipulation. The deadline for comments is May 26, and the deadline for replies is June 9.

PANews reported on May 5 that Bitfinex released the Bitfinex Alpha report, which pointed out that Bitcoin closed April with a strong monthly increase of 14.08%, surpassing its historical average in April and reversing its trend after a sharp correction at the beginning of the month. In this round of rebound, Bitcoin rose more than 32% from the low of $74,501 in April to nearly $98,000, highlighting the resilience of the asset amid macroeconomic turmoil and shifting risk sentiment.

PANews reported on May 5 that according to CoinDesk, the Bollinger Band indicator of the ETH/BTC exchange rate has narrowed to the tightest level since June 2020, indicating that market volatility may be about to rise. Usually, the contraction of the Bollinger Band usually indicates that the price is about to break through, which may cause violent fluctuations. This technical signal appeared on the eve of Ethereum's upcoming Pectra upgrade on May 7.

PANews reported on May 5 that QCP Capital released a market analysis pointing out that the macro data released last Friday provided a nuanced snapshot of the US economy, with non-farm payrolls increasing by 177,000, exceeding the expected 133,000, and the unemployment rate stabilizing at 4.2%. However, behind the strong data, economists continue to warn that the full economic impact of the recent tariffs has not yet emerged, and the market is cautiously optimistic about this.

PANews reported on May 5 that according to a message posted by the X platform account @solidintel_x, chip giant Nvidia (US stock code NVDA) is currently reportedly exploring the possibility of allocating some of its company assets to Bitcoin, that is, considering adding Bitcoin to its balance sheet. If true, this would mean that Nvidia may follow the example of some companies and hold Bitcoin as part of their reserve assets.

https://x.com/whale_alert/status/1919300495744643089

PANews reported on May 5 that according to CoinDesk, US President Donald Trump recently publicly denied the claim that he was personally profiting from the TRUMP memecoin with the same name. In an interview with NBC News, Trump said that he "did not profit from anything", did not pay attention to the market performance of the token, and believed that any possible financial gains were "accidental."

PANews reported on May 5 that according to community user feedback, the cryptocurrency exchange Binance is currently airdropping BOOP tokens to some users who meet certain eligibility criteria. According to information shared by the community (allegedly feedback from Binance customer service), each eligible account will receive an airdrop reward of 291 BOOPs. The specific screening rules are mainly based on the user's "Alpha" points: if the user's Alpha points are at least 137 points, they can get the airdrop; or, if the user's Alpha points are between 99 and 136 points (including the boundary value), and the last digit of the user ID (UID) of their Binance account is "4", they can also get this airdrop.

PANews reported on May 5 that according to the IOTA official blog announcement, the IOTA Rebased mainnet upgrade was officially launched today (May 5, 2025) at 9 am Central European Summer Time (4 pm Beijing/Tokyo time). This upgrade marks the migration of the network from the original Stardust mainnet to the new IOTA network. The upgrade process was carried out through the "Genesis Ceremony" jointly performed by the IOTA Foundation and 12 initial validators including DLT Green, P2P, Luganodes, KILN, Stakin, etc., involving steps such as shutting down the old network, generating ledger snapshots, verifying data, creating and signing the genesis block, and launching the new network.

PANews reported on May 5 that Paolo Ardoino, CEO of Tether, posted on his X platform account, announcing that a new project called Tether.ai will be launched soon. According to Ardoino's description, Tether.ai's core product "Personal Infinite Intelligence" will be a completely open source AI Runtime.

PANews reported on May 5 that according to CoinDesk, Kyrgyzstan is planning to officially launch a stablecoin named Gold Dollar with a token code of USDKG in the third quarter (Q3) of 2025. Gabriel Guerra, a consultant for the project, said that USDKG will be a stablecoin that is pegged 1:1 to the US dollar, and its value is supported by the physical gold reserves held by the Kyrgyz Ministry of Finance.

PANews reported on May 5 that according to Jinshi Data, US President Donald Trump made it clear in a TV interview (NBC's "Talk to the Press" program) broadcast on May 4 local time that he would not seek to continue serving as president after the end of this term. Trump directly said in the interview: "I will be president for 8 years, two terms.