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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

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  • 10:25
    Pundi X supports USD1 stablecoin on BNB Chain, aiding merchants and consumers
    On May 8, according to official news, Pundi X announced that its payment ecosystem fully supports the USD1 stablecoin issued by World Liberty Financial, including XPOS and Pundi X Pay. This integration allows merchants to accept and use USD1 for transactions, providing customers with a more efficient and reliable payment solution. As a stablecoin pegged to the US dollar, USD1, combined with the low transaction fees and fast processing capabilities of the BNB chain, offers merchants and consumers a convenient and cost-effective payment experience. With the addition of USD1, Pundi X has further expanded the application scenarios of stablecoins, providing more options for digital payments. This not only offers merchants an additional payment method but also allows consumers to enjoy the benefits of quick checkout and low costs. In the future, Pundi X will continue to optimize its platform and explore rapidly developing digital asset markets such as Southeast Asia, particularly the potential in the retail sector. The introduction of USD1 marks an important step for Pundi X in promoting the practical application of crypto payments, bringing a more stable and user-friendly digital payment experience to users worldwide.
  • 10:25
    QCP Capital: Optimism Grows as Macro Background Improves, but Tactical Caution Remains on Bitcoin
    On May 8, Singapore-based crypto investment firm QCP Capital stated that, as expected, the Federal Reserve's FOMC meeting last night maintained interest rates unchanged, reaffirming the resilience of the U.S. economy, a tight labor market, and inflation slightly above the 2% target. Despite trade tensions sparked by Trump's tariff plans, Fed Chair Powell remained cautious, stating that the cost of patience is low and did not specify the number of rate cuts this year, with guidance postponed to the June meeting. However, the market has already priced in expected rate cuts of 25 basis points each in July, September, and December. Early this morning, Trump hinted at reaching a major trade deal, sparking a wave of risk appetite, with speculation that the UK might be a potential trade partner. Although the statement lacked details, the mere prospect was enough to cause fluctuations in asset prices. Crypto assets responded swiftly and positively. Bitcoin rose by 2.74%, decisively reclaiming the psychological threshold of $99,000. Meanwhile, Ethereum surged by 6.89% during the Asian trading session, breaking out of its three-week consolidation range between $1,700 and $1,900. In options trading, there was a notable increase in demand for call options, particularly those expiring in May and June. This flow of funds indicates that optimism is growing as traders position themselves for further gains amid an improving macro backdrop. Looking ahead to the U.S. market opening tonight, all eyes will be on whether this rally can be sustained or if a typical "buy the rumor, sell the news" pullback will occur once trade partners are officially confirmed. Currently, QCP remains tactically cautious, believing that the upside potential at current levels is limited until Bitcoin's daily closing price can hold above $100,000.
  • 10:25
    Ripple's Acquisition Target Hidden Road to Open New Office in Abu Dhabi and May Involve Royal Family Members
    According to CoinDesk, cryptocurrency and traditional asset broker Hidden Road plans to establish an office in Abu Dhabi, and the company has recently agreed to be acquired by Ripple for $1.25 billion. According to informed sources, the office will be led by partner James Stickland. Hidden Road has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market, and upon final approval, it will be able to provide clearing and prime brokerage services to institutional investors in the UAE. Sources indicate that after obtaining final regulatory approval, members of the Abu Dhabi royal family may join the board of its local entity. Last month, the company also received approval from the Financial Industry Regulatory Authority (FINRA) in the United States to become a licensed broker-dealer, aiming to expand its fixed income prime brokerage platform. Ripple plans to inject capital to drive the expansion of its global non-bank prime brokerage business.
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