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17:04
Goolsbee: Household expectation growth may push up inflation
According to Golden Ten Data, ChainCatcher reports that Federal Reserve’s Goolsbee stated that if households expect future income growth and anticipate gaining wealth from higher productivity, they may increase spending, thereby driving up inflation.
16:52
Circle's USDC Asset Under Management Surpasses $3 Billion, Becoming the World's Largest Tokenized Fiat Money Market Fund
BlockBeats News, May 7th, Circle officially announced that its USDC Asset Under Management has exceeded $30 billion, becoming the world's largest tokenized currency market fund. This milestone indicates the continued growth of the tokenized currency market fund, while highlighting the increasing role of on-chain collateral in the digital asset market. USDC is a product of Circle that tokenizes traditional currency market funds through blockchain technology, allowing institutional investors to hold, trade, and manage yield-bearing assets on-chain. The fund mainly invests in short-term US Treasury bonds and US government securities-backed repurchase agreements.
16:47
An obscure Serbian group has offered $2.35 billion to acquire a majority stake in the Russian-funded oil company NIS.
NIS operates Serbia’s only refinery. The company’s owner, Ranko Mimovic, stated that this offer has received “general acceptance” from NIS’s Russian owners. The company, named KFT Senator Treasury G.T.7 Two LLC, was established in the summer of 2025. This bid poses a challenge to Hungary’s MOL Group, which is attempting to acquire a majority stake in NIS. Since October 2025, NIS has been under US sanctions.
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