Crypto Morning News: CME plans to launch XRP futures on May 19; Binance will delist ALPACA, PDA, VIB, and WING
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Crypto Morning News: CME plans to launch XRP futures on May 19; Binance will delist ALPACA, PDA, VIB, and WING
Federal Reserve Governor Waller said that as unemployment rises, interest rate cuts could begin.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Developments
U.S. initial jobless claims for the week ending April 19: 222,000, in line with expectations
According to Jinshi Data, U.S. initial jobless claims for the week ending April 19 came in at 222,000, matching market expectations. The previous week’s figure was revised upward from 215,000 to 216,000.
Fed Governor Waller: Rate cuts could begin as unemployment rises
According to Jinshi Data, Federal Reserve Governor Christopher Waller stated that rate cuts could begin as the unemployment rate rises.
12 states jointly sue Trump administration over tariff policy
According to IBTimes, 12 U.S. states, including Arizona, filed a joint lawsuit on Wednesday challenging the Trump administration’s tariff policy. The lawsuit argues that the president lacks authority to impose tariffs without congressional approval and contends that the 1977 law cited by Trump does not permit the use of emergency powers to levy tariffs. Arizona Attorney General Kris Mayes described the tariff plan as "economically reckless" and "illegal."
Market news: SEC delays approval decision on Grayscale spot Polkadot ETF
According to market reports, the U.S. SEC has delayed its decision on Grayscale’s spot Polkadot ETF application.
Most of the top 10 TRUMP dinner whales are currently at a loss; top whale likely belongs to Wintermute
According to on-chain analyst Ai Aunt (@ai9684xtpa), the top 10 VIP whales who purchased tickets for the TRUMP dinner collectively hold 1.65 million TRUMP tokens, worth approximately $20.49 million. Due to unverifiable cost bases, these whales are currently sitting on an estimated unrealized loss of $1.26 million.
Data shows only two whales used early accumulation addresses, while the rest either withdrew tokens from exchanges or accumulated on-chain after learning about the dinner event. The top whale is suspected to belong to Wintermute. Notably, the top 25 TRUMP holders will be invited to an exclusive pre-dinner reception and dinner with Donald Trump.
CME plans to launch XRP futures on May 19
According to PRNewswire, CME Group announced plans to launch XRP futures on May 19, pending regulatory review.
Binance to delist ALPACA, PDA, VIB, and WING on May 2
According to an official announcement, Binance will delist ALPACA, PDA, VIB, and WING on May 2, 2025.
Neiro: Officially secures exclusive license for Neiro IP
According to an official announcement from Neiro, it has entered into a cooperation agreement with Own The Doge (the managing entity for Doge, Neiro, and Cocoro IP), officially securing the exclusive intellectual property (IP) license for Neiro.
Initia announces mainnet launch and opens airdrop claim
Initia has announced the launch of its mainnet and opened airdrop claims. The claiming period is valid for 30 days, ending on May 24, 2025, at 18:00 Beijing time.
Sign: Snapshot to occur in 24 hours
Sign, a token distribution infrastructure platform, announced tonight at 9 PM that it will conduct a snapshot in 24 hours.
Hongya Holdings plans to raise ~65 million HKD, partially allocated to Bitcoin accumulation
According to a public announcement by Hong Kong-listed company Hongya Holdings, the company plans to issue new shares worth 13.12 million HKD and convertible bonds totaling 52.3776 million HKD, raising approximately 65 million HKD in total. Around 90% of the net proceeds will be used to seize future investment opportunities, including exploring investments in cryptocurrencies and Web3, as well as potentially acquiring digital assets such as Bitcoin.
Market Movements
Suggested Reading
After BTC, traditional companies accumulating SOL are becoming a trend
This article discusses the growing trend of traditional companies accumulating Solana (SOL), suggesting that SOL may become the next popular crypto asset after Bitcoin. Multiple corporations are employing various strategies to accumulate SOL in order to maximize shareholder value.
Trump invites “whales” to private dinner? The high-stakes social game behind the TRUMP token
This article focuses on how the Trump family leveraged their meme coin TRUMP to offer private dinner invitations to top investors, driving up the token price and profiting from the scheme. This move has sparked debates over pay-to-play dynamics and ethical concerns, further complicating Trump’s relationship with the crypto industry.
Bankless co-founder: A single reboot cured my burnout
This article describes Bankless co-founder Ryan Adams’ personal journey of self-rebooting—through minimalism, redefining wealth, and reducing obligations—he successfully overcame mental burnout and enhanced his cognitive clarity.
This article dives deep into DCG founder Barry Silbert’s career evolution—from early Bitcoin investing to leading innovation at the intersection of AI and blockchain. He shares insights on DCG’s growth, the impact of the 2022 crypto crash, and his outlook on Bittensor and the future of AI.
This article explores three key themes shaping the 2025 crypto landscape: increased market efficiency, the globalization of stablecoins, and the influence of U.S. politics—particularly the Trump administration. It notes that Bitcoin buyers are increasingly reluctant to buy Ethereum or altcoins, with Ethereum’s uncertainty at an all-time high. Market participants are becoming more sophisticated, making markets more efficient. Stablecoin usage and supply have surged, forming a sustainable growth engine within crypto. Meanwhile, Trump’s policies bring both positive and negative implications for the crypto sector.
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