Headlines
▌David Sacks Will Attend Bitcoin 2025 Conference, Sharing Stage with Winklevoss Brothers
According to official Bitcoin conference news, White House Cryptocurrency and AI Director David Sacks will attend the Bitcoin 2025 Conference on May 27th, sharing insights on Bitcoin and the crypto industry alongside Gemini President and CEO Winklevoss Brothers. The Bitcoin 2025 Conference will run from May 27th to 29th at the Venetian Conference Center in Las Vegas, USA.
▌US House Representatives Demand Justice Department Investigate Trump's Memecoin Dinner
According to Cointelegraph, 35 US House Representatives are calling on the Justice Department to investigate Donald Trump's May 22nd dinner for top meme coin investors, citing concerns about "foreign influence on US policy decisions" and "potential corruption and compensation clause violations". The representatives requested that Public Integrity Department Acting Director Edward Sullivan initiate an investigation into the dinner to determine if federal bribery laws or the Constitution's foreign emoluments clause were violated. According to Bloomberg, most dinner attendees were likely foreign citizens. US law prohibits foreign individuals from contributing to US political activities. The representatives stated that the $TRUMP meme coin and its promised exclusive presidential dinner promotion opens the door for foreign governments to purchase influence on the president without disclosing their identity.
Market Prices
As of filing, according to Coingecko data:
BTC recent trading price is $107,569, daily change -3.5%;
ETH recent trading price is $2,529.48, daily change -5.8%;
BNB recent trading price is $661.60, daily change -3.9%;
SOL recent trading price is $174.21, daily change -5.0%;
DOGE recent trading price is $0.2272, daily change -8.7%;
XPR recent trading price is $2.32, daily change -5.8%.
Policy
▌US Treasury Secretary: SLR Rule for Banking Sector Likely to be Canceled This Summer
US Treasury Secretary Besent stated that regulators might cancel a long-standing regulation restricting US Treasury trading by banks this summer. Besent said they are very close to taking action on the Supplementary Leverage Ratio (SLR) regulation. He noted that the three major bank regulatory agencies - the Federal Reserve, OCC, and FDIC - are working to address this issue, saying "I think we might see results this summer". The current SLR rules require banks to retain corresponding capital when trading US Treasuries, and Besent stated that removing this regulation could potentially lower US Treasury yields by dozens of basis points.
Blockchain Applications
▌TokenFi Launches RWA Tokenization Platform
TokenFi, a tokenization project under the Floki ecosystem, has officially launched its RWA platform. The platform aims to help businesses more conveniently tokenize physical and financial assets in a fully compliant manner.
▌Alchemy Acquires No-Code NFT Launchpad HeyMint
Alchemy announced the acquisition of HeyMint, a California-based NFT launchpad, with specific acquisition details undisclosed. The acquisition aims to enhance Alchemy's smart wallet infrastructure and simplify user onboarding for Web3 applications. HeyMint's Co-founder and CTO Flor Ronsmans De Vry will join Alchemy.
▌Celestia Announces Integration of Hyperlane as Native Interoperability Solution
Modular blockchain Celestia announced the integration of Hyperlane as its native interoperability solution. Native TIA will be extended to platforms like Ethereum, Solana, Base, Arbitrum One, Eclipse, and Abstract, powered by Hyperlane.
Cryptocurrency
▌Corporate Bitcoin Purchases Exceed 205,507 Coins in 2025, Triple New Supply
According to asset management company Bitwise's statistical data, corporate Bitcoin purchases in 2025 have already exceeded three times the new Bitcoin supply, with companies acquiring 205,507 Bitcoins compared to 64,556 new coins generated. This only includes publicly listed company purchases, excluding private companies.
▌Most Trump Meme Coin Dinner Attendees Have Transferred or Sold TRUMP Coins
On-chain data shows that most large TRUMP Meme coin holders invited to the Trump presidential crypto dinner have transferred their holdings to centralized exchanges before the event, with average holdings dropping from $4.78 million to $2.11 million from the snapshot.
▌Russia Leads Global Bitcoin Mining Growth, Ranks Second in Mining Volume
Russia currently leads global Bitcoin mining growth rate and ranks second in mining volume. Russia's largest Bitcoin mining companies, BitRiver and Intelion, control over 50% of the country's market share, generating $200 million in revenue for the 2024 fiscal year.
▌DDC Enterprise Completes First Batch of 21 BTC Acquisition, Accelerating Bitcoin Reserve Strategy
According to business information, DDC Enterprise (NYSE:DDC) announced the completion of its first batch of 21 Bitcoin (BTC) acquisition as part of its strategy to incorporate Bitcoin into company reserves. The company acquired these 21 Bitcoins by issuing 254,333 DDCA class common shares to an investor group, currently valued at approximately $2,283,700. DDC expects to complete two additional purchases in the coming days to acquire the remaining 79 Bitcoins, which would bring the total to 100 Bitcoins.
▌Polygon Co-founder Mihailo Bjelic Resigns, Third Co-founder to Leave Core Position
Polygon co-founder Mihailo Bjelic announced he will "step back from an active role at Polygon and resign from the foundation board", stating: "As projects develop and mature, changes in vision and even differences are natural. I can no longer contribute to Polygon at my best." Bjelic will exit the Polygon Labs and Polygon Foundation board. He is the third co-founder to leave a core position, following Jaynti Kanani and Anurag Arjun. Polygon has previously initiated its 2.0 roadmap, migrating MATIC tokens to POL at a 1:1 ratio.
Important Economic Developments
▌Trump: 50% Tariffs on EU Starting June 1st
US President Trump stated that the US cannot sell cars in the EU, does not seek an agreement, and will impose 50% tariffs on the EU starting June 1st. He suggested potential extension if they build factories there.
▌US Dollar Drops to Lowest Level Since December 2023
The US dollar exchange rate fell to its lowest level since December 2023 due to new tariff threats from US President Donald Trump and reduced attractiveness from expanding fiscal deficit risks. The Bloomberg Dollar Spot Index dropped 0.7% on Friday to its lowest point since December 2023, continuing its 7% decline since the beginning of the year.
Jinse Finance Encyclopedia
RISC-V is a modern open-source instruction set architecture (ISA) based on Reduced Instruction Set Computer (RISC) principles. Simply put, it's like a blueprint defining a set of instructions a processor can execute. RISC-V aims to be highly modular, efficient, and flexible. Initially developed by the University of California in 2010, this open-source framework allows developers to flexibly customize its functions and use cases, potentially saving costs compared to proprietary ISAs like ARM or x86. RISC-V has wide applications, from supercomputers to smartphones and now blockchain like Ethereum. On April 20, 2025, Ethereum co-founder Vitalik Buterin announced a "radical" new scaling solution to replace the Ethereum Virtual Machine (EVM) with the RISC-V instruction set architecture, aiming to enhance network execution layer speed and efficiency. The concept is that RISC-V is the best solution to address blockchain scalability limitations.
Disclaimer: Jinse Finance, as a blockchain information platform, provides articles solely for informational reference and does not constitute actual investment advice. Please establish a correct investment concept and be sure to enhance risk awareness.
