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Ethereum’s long‑awaited Pectra upgrade is live, activating 11 Ethereum Improvement Proposals on the mainnet. The network crossed the upgrade slot at 10:05 UTC and reached finality roughly 12 minutes later, clearing the last hurdle after two turbulent testnet runs. Ethereum’s Pectra Hard Fork Goes Live: What You Need to Know The headline change, EIP‑7251, raises each validator’s effective balance from …
Institutional investors are pulling back from Bitcoin ETFs amid uncertainty surrounding the Federal Reserve's upcoming policy decision, but spot market inflows remain strong.
Share link:In this post: Treasury yields held high on Monday as investors await the Fed’s policy meeting. 10-year Treasury was three basis points higher at 4.351%. The Fed is expected to cut interest rates to slow down inflation rates.
Share link:In this post: Trump announced that he will meet Canada’s new prime minister, Mark Carney. President Trump has raised concerns about a $200B annual U.S. subsidy to Canada. He has also questioned the value of Canadian exports like lumber and cars, stating that America doesn’t need them.
- 15:31Analyst: Bitcoin Lacks New Catalysts, Unable to Surge SignificantlyOn May 16, Trade Nation analyst David Morrison stated in a report that the cryptocurrency industry seems to be searching for a new catalyst to drive significant price increases. "As traders continue to assess the broader risk backdrop, the market tone remains cautiously optimistic." Bitcoin prices have recently rebounded from their April lows and are currently hovering in the range of $101,000 to $105,000.
- 15:29Modular Blockchain Sophon to Launch SOPH Main Utility Token in MayMay 16 news, the modular blockchain Sophon based on ZKsync announced that SOPH will be launched as the main functional token of the Sophon Network in May, with details of the token economic model and community distribution to be announced later. The official reminds users to pay attention to verification links and remain vigilant to prevent phishing risks.
- 15:29Trump's "Crypto Committee" Faces Setback in First Congressional Vote, Influence QuestionedThe "Crypto Committee" established by Trump failed to exert the expected influence in the first key vote in Congress, leading to questions about the capabilities of the White House's crypto and AI czar David Sacks and the executive director of the Digital Asset Advisory Committee, Bo Hines. The committee aims to promote cryptocurrency-related legislation but failed to make a breakthrough in the recent vote on a stablecoin regulation bill. Analysts point out that the committee's low-profile operations and lack of clear policy direction make it difficult to gain sufficient support within Congress. Additionally, crypto projects involving Trump and his family, such as Trump tokens and World Liberty Financial, have raised concerns about ethics and conflicts of interest, further undermining the committee's credibility. Democratic lawmakers have expressed concerns about these potential conflicts of interest, believing they may affect the fairness of related legislation. Currently, Trump's "Crypto Committee" faces the dual challenge of reshaping its image and enhancing its influence.