AiCoin Daily Report (May 08)

1. The Federal Reserve (FED) Powell: Interest rates may be lowered this year.

Odaily Planet Daily News The Federal Reserve Chairman Powell stated that in certain cases, it is appropriate to cut interest rates this year, while in other cases, it is not appropriate to cut interest rates. I cannot confidently say that I know the appropriate path for interest rates.

2. The Federal Reserve (FED) continues to keep interest rates unchanged.

Odaily Planet Daily reported that the Federal Reserve (FED) has maintained the benchmark interest rate at 4.25%-4.50%, in line with market expectations, keeping it unchanged for the third consecutive meeting. -Original text

3. The inflation effects of The Federal Reserve (FED) policy may be temporary.

Odaily Planet Daily News The Federal Reserve Chairman Powell: Avoiding sustained inflation will depend on the scale, timing, and inflation expectations of tariffs, and the inflation effects of policies may be temporary. -Original text

4. Robinhood plans to launch a blockchain-based US stock trading platform in Europe.

Robinhood is developing a new blockchain-based platform that aims to allow European users to trade tokenized assets of US securities. The platform may be built on Arbitrum, Ethereum, or Solana blockchain and is collaborating with a digital asset company. Reports indicate that as the regulatory environment in Europe becomes increasingly clear, asset tokenization has become a popular direction for traditional financial institutions to expand into the crypto market. -Original text

5. US Treasury Secretary: Demand for digital assets reaches $2 trillion for government bonds.

U.S. Treasury Secretary Bessent stated that the demand for digital assets will reach as high as $2 trillion for U.S. Treasury bonds. -Original

6. U.S. banks can buy and sell customer-custodied crypto assets.

A new policy directive from the U.S. national bank regulatory agency states that these institutions may also outsource cryptocurrency custody and execution to external entities. -Original text

7. Coinbase will support PAX Gold trading.

Coinbase has opened spot trading for the PAX Gold (PAXG) pair. Project Introduction: PAX Gold (PAXG) is an ERC-20 token based on the Ethereum network that represents ownership of physical gold. Please do not send this asset via other networks, or you may lose your funds. -Original text

8. ETH fell below the $1800 mark.

The above is a selection of hot topics in the past 24 hours. For faster news, please download AiCoin ()