ChainCatcher news, according to The Block, South Korean right-wing presidential candidate Kim Moon-soo officially announced on Monday his support for the adoption of a spot cryptocurrency ETF in South Korea as part of his campaign promise.Previously, left-wing Democratic Party candidate Lee Jae-myung also pledged to introduce a spot crypto ETF. The two major party candidates have formed a bipartisan consensus aimed at promoting wealth accumulation for the middle class and providing more opportunities for the younger generation. The chairman of the Financial Services Commission of South Korea stated that discussions on the implementation plan will be held with the new government. The success of the U.S. spot crypto ETF (with net inflows exceeding $43 billion) has become a key factor in prompting South Korea to reconsider such products. The South Korean presidential election is scheduled for June 3, 2025.

ChainCatcher news, according to Xinhua News Agency, the high-level economic and trade talks between China and the United States will be held in Geneva, Switzerland, from May 10 to 11. The Chinese lead in the economic and trade talks, Vice Premier He Lifeng, met with the U.S. leads, Treasury Secretary Janet Yellen and Trade Representative Katherine Tai, for high-level economic and trade discussions in Geneva, Switzerland. Both sides had candid, in-depth, and constructive communication regarding the implementation of the important consensus reached during the phone call between the Chinese and U.S. heads of state on January 17, and they reached a series of important agreements, making substantial progress in the talks.Both China and the U.S. agreed to establish an economic and trade consultation mechanism to maintain communication on each other's concerns in the economic and trade fields.

According to ChainCatcher news, the Global Dogecoin Consensus Conference (GDCC 2025), co-hosted by the Dogecoin community and Nexus2140, and organized by DogeCity and Dogepump.ai, will be held in Dubai.As the flagship summit of the Doge ecosystem, the conference will bring together developers, miners, meme creators, and innovators in the payment sector to discuss topics such as Layer 1 technology development, decentralized payments, PoW mining, and meme-driven governance.This conference has received ecological support from leading projects such as Binance, TON, Solana, OKX Wallet, as well as top meme projects like PEPE, FLOKI, and Shiba, with the sustainable DOGEFi chain GOAT Network serving as the chief sponsor, alongside organizations like HTX DAO, VOLCMINER, and Memeshot participating jointly. The event aims to promote collaboration and technological innovation within the Doge ecosystem and is expected to become one of the key annual events for the Doge ecosystem.

ChainCatcher news, according to the announcement from the Hyper Foundation, the Hyperliquid validator node set has been updated to 21 permissionless nodes, and any user can register a node. The top 21 by staking amount will form the active set. Nodes must self-stake 10,000 HYPE, and this stake will be locked for one year, with no refunds even if not selected for the active set. The official recommendation is to familiarize yourself with the testnet before the mainnet launch and to prioritize applying for the Delegation Program, which will launch in the coming days to allocate token support for high-quality validator nodes.

ChainCatcher message, recently, Galaxy Research submitted a new proposal to the Solana community aimed at reforming the network's inflation governance discussion through a method called Multi-Election Staking Weight Aggregation (MESA). This mechanism attempts to introduce a market-driven process to optimize the SOL emission curve without relying on a single outcome vote. The proposed method will not change Solana's ultimate goal of achieving a 1.5% final inflation rate, but it may significantly shorten the timeline to reach that goal based on community voting results.According to Galaxy's predictions, if the current 15% deflation rate is maintained, the network will reach its final inflation rate at epoch 2,135. Increasing the deflation rate will bring this point forward. In the current Solana system, inflation follows a fixed, time-related curve, aiming for a final inflation rate of 1.5%. However, Galaxy points out that previous votes indicated that while there is a general consensus that the inflation rate is above necessary levels, reaching an agreement on adjusting parameters has been challenging. Galaxy's new proposal offers an alternative that allows validators to choose from multiple predetermined deflation rates, with the result determined by the weighted average of these votes. MESA voting will not dynamically adjust inflation based on real-time metrics but will enforce a fixed anti-inflation trajectory, and once approved, the deflation rate will be adjusted according to the collective opinion of validators.It is reported that this mechanism is inspired by the previous proposal SIMD-228. Although the community generally supports lowering the SOL inflation rate, the binary voting mechanism has made it difficult to reach a consensus on specific parameters, resulting in the proposal's failure to pass.

ChainCatcher news, according to CoinDesk, two Bitcoin Improvement Proposals BIP 119 and BIP 348 are gaining widespread support and may be implemented in the next Bitcoin soft fork. These proposals provide new methods for Bitcoin scripting, gaining recognition from numerous developers, and could significantly enhance self-custody, fee management, and existing technology applications. This is the first time in over four years that Bitcoin users are pushing for changes to the underlying software.

ChainCatcher news reports that on social media, on-chain data analyst Murphy published statistics stating that the cost basis for ETH accumulated from January to February 2025 is roughly between $3,200 and $3,500. A cluster of addresses has been intensively accumulating at $3,475, totaling 1.66 million ETH. This group did not sell during the drop of ETH to $1,900 and instead added to their positions, currently holding 1.94 million ETH with a reduced cost basis of $3,150.Additionally, the cost basis for the chips accumulated in mid-February 2025 is approximately between $2,600 and $2,800. This group started to cut losses as the ETH price fell below $2,300, and currently, only the chips at $2,800 and $2,630 remain unchanged, holding 1 million and 850,000 ETH respectively.As the price of the coin continues to decline, new demand for ETH has gradually weakened, especially after the price fell below $2,000, where data shows there is almost no new purchasing power.Murphy explains that the high-position trapped chips, after a series of self-rescue replenishments, now seem to have exhausted their purchasing power; the current price of $1,850 is the cost price for large holders who accumulated two years ago. When the price drops to this level, they start to replenish (buying back parts sold at high positions to average down costs), thus forming a support effect. If this price level cannot provide support, the decline may reach $1,600 and $1,250, which are the "remaining support levels from three years ago's accumulation."From the overall behavior of current investors, the most important factor is still the reconstruction of consensus on ETH's value. If an effective consensus cannot be formed, the currently trapped chips at high positions of $2,630 (850,000), $2,800 (1 million), and $3,150 (1.945 million) will all become significant obstacles on the path to recovery.

ChainCatcher news, according to official social media announcements, the Huobi HTX themed column "Dialogue with HTX Partners" will be held today at 20:00 (UTC+8) via Huobi HTX Twitter Space.At that time, crypto KOL DaDa, Web3 of the First Machine, LOYAL Luyao, AN Ran, and EnHeng will be invited to attend, sharing their insights under the theme "Highlights from the Sun Yuchen Event: A Recap of the Hong Kong Consensus Conference 2025."