ChainCatcher news, Solana co-founder Anatoly Yakovenko posted on social media that the computing power in Solana v2.2 has increased by 20%, equivalent to adding the capacity of 5 Ethereum Pectra upgrades to the network.

The Democratic Senatorial Group in the United States (including Maryland Senator Chris Van Hollen and Massachusetts Senator Elizabeth Warren) sent a joint letter to the Treasury Secretary and the Attorney General, requesting an investigation into the connection between Binance and the Trump family's digital asset project. The letter pointed out that the Abu Dhabi Investment Company MXG completed a $2 billion investment in Binance through the Trump family-controlled USD1 stablecoin in March this year, raising concerns about compliance risks. In 2023, Binance pleaded guilty to violating anti-money laundering regulations, and its former CEO Zhao Changpeng was sentenced to prison.Senate Democrats just postponed the passage of the "Stablecoin Act" on May 9, citing the clause "to prevent current officials from profiting from crypto projects." The joint letter requests that the Treasury and Justice Departments submit explanations on three aspects by May 21: the progress of Binance's compliance with the plea agreement, the timeline for exiting the U.S. market, and whether there have been discussions about a pardon for Zhao Changpeng.

ChainCatcher news, according to official sources, YZi Labs has officially launched a 10-week in-person global incubation program called EASY Residence, focusing on the fields of Web3, AI, and healthcare, aimed at clearing distractions for the top 1% of founders who have the courage to tackle challenges and providing a focused entrepreneurial environment.The program will kick off on June 2, 2025, in Silicon Valley, California, and will conclude on August 10, culminating in a Demo Day where 10-20 selected teams will showcase their product results to well-known industry venture capitalists for potential investment opportunities. During the program, teams will receive comprehensive support including accommodation and meals, and will have deep access to a network of world-class mentors, builders, and investors. The mentor lineup is impressive, featuring industry leaders such as Binance co-founder CZ and Ethereum co-founder Vitalik Buterin, who will provide long-term guidance and support to entrepreneurs.Applications are currently open and will close on May 21 at 23:59 (GMT-7).

ChainCatcher news, according to Financefeeds, Coinbase Global Inc. reported that its revenue for the first quarter of 2025 reached $2.03 billion, a year-on-year increase of 24%.Although this result shows significant growth against the backdrop of a recovery in the cryptocurrency market, it still fell slightly short of analysts' expectations of $2.1 billion. This "missed expectation" in the earnings report led to a 3% drop in Coinbase's stock price in after-hours trading.

ChainCatcher news, U.S. Treasury Secretary Scott Bessent posted on social platform X that the U.S. Senate failed to advance the "GENIUS Act," which is a "missed intergenerational opportunity to expand the dominance of the dollar and the influence of financial innovation."He warned that in the absence of a unified federal regulatory framework, stablecoins will develop amidst fragmented state regulations, which is detrimental to the U.S. maintaining its global leadership and may push digital asset innovation overseas.

ChainCatcher news, SEB Research Chief Rate Strategist Jussi Hiljanen stated in a report that U.S. Treasury yields are expected to rise moderately, although they face opposing forces, including anticipated policy rate cuts and fiscal considerations, erosion of trust in U.S. policies, lack of attractiveness in valuations, and investors turning to European bonds. It is expected that in the coming months, the 10-year U.S. Treasury yield will approach 4.50%, slightly above current levels, and rise to 4.80% by 2026.

ChainCatcher news, according to Whale Alert monitoring, around 1:29 PM Beijing time, USDC Treasury burned 52 million USDC on the Solana chain.

ChainCatcher news, LD Capital founder JackYi is bullish on ETH, during which ETH rose from $1700 to $2200. The analysis is mainly based on the following factors:First, the foundational position of the Ethereum ecosystem and its L1 development strategy;Second, the price adjustment compared to previous highs;Third, the current large-scale short positions in the market;Fourth, as one of the mainstream crypto assets, its ETF products' market influence.

ChainCatcher news, Loopscale released a post-hack report, disclosing that hackers exploited a pricing logic vulnerability in the protocol, resulting in the unauthorized outflow of 5,726,724.97 USDC and 1,211.4 SOL from the USDC and SOL Genesis treasury. All funds have now been recovered.Loopscale additionally stated that it will gradually re-enable the full protocol features, with the refinancing function set to restart soon. The grace period will be extended by 3 days, providing borrowers an opportunity to repay or close their positions. Borrowers are advised to monitor their positions in case of interest rate changes or liquidity tightening.Furthermore, from April 26 to June 7, the balances of Vault or Advanced Lend depositors will receive a 12x points boost.

ChainCatcher news, according to the announcement from Metaplanet, the company has resolved through a board decision to issue the 13th tranche of ordinary bonds to EVO FUND, amounting to 21.25 million USD, with a term of six months and an interest rate of 0%, for the purpose of purchasing Bitcoin.

ChainCatcher news, Nasdaq-listed Bitcoin mining company BitFuFu released its unaudited production and mining operation update report for April, disclosing that as of April 30, 2025, its Bitcoin holdings have increased to 1,908 coins, with a total managed hash rate rising to 28.3 EH/s.In addition, BitFuFu's mining output in April was 209 BTC, of which 36 BTC were self-mined and 173 BTC were from cloud mining.

ChainCatcher news, Nasdaq-listed video sharing platform Rumble released its Q1 2025 financial report, which disclosed that as of March 31, 2025, Rumble's total liquid assets reached $318.7 million, including $301.3 million in cash and cash equivalents, as well as 210.82 bitcoins, valued at $21.3 million based on the price on May 8, 2025. The company also previously disclosed plans to launch a non-custodial wallet, Rumble Wallet, in collaboration with Tether in the third quarter of this year.

ChainCatcher news, according to Jinshi reports, after Trump announced a trade agreement with the UK, expectations for easing trade tensions have driven Bitcoin to break the $100,000 mark for the first time since February this year.On Thursday, the largest digital asset rose by 3.4%, with most other major tokens also increasing, and Ethereum's rise reached 12%. On January 20, the day Trump was inaugurated, Bitcoin's price surged to a record level of around $109,000.Trump stated that the full details of the agreement will be negotiated in the coming weeks. However, under the agreement, the UK will expedite the customs process for American goods and reduce barriers to exports in agriculture, chemicals, energy, and industry. This is Trump's first agreement since imposing high tariffs on dozens of American trading partners.

ChainCatcher news, according to OKX market data, SOL briefly broke through $160, with a 24-hour increase of 9.13%.

ChainCatcher news, according to OKX market data, BTC has broken through 100,000 USD, with a 24-hour increase of 3.06%.

ChainCatcher news, Nasdaq-listed DeFi Development Corp. (formerly Janover) announced the purchase of an additional 20,473 SOL, worth approximately $2.97 million. This is the company's ninth acquisition of Solana as part of its digital asset portfolio strategy.After this transaction, DeFi Development Corp. currently holds a total of 420,690 SOL, valued at approximately $61.9 million, including staking rewards.

ChainCatcher news, according to Binance market data, the ETH/BTC ratio has broken through 0.02, currently reported at 0.02004, with a 24-hour increase of 6.65%.

ChainCatcher news, according to Lookonchain monitoring, Abraxas Capital address continues to increase its holdings of ETH, having withdrawn 49,644 ETH from Binance and Kraken today, worth 92 million dollars.

ChainCatcher news, according to OKX market data, ETH has broken through 2000 USD, with a 24-hour increase of 10.07%.

ChainCatcher news, the AI agent platform Virtuals Protocol announced on X platform that a major announcement is coming soon.