usa

According to The Block, based on the latest official documentation, Tether's USAT supply has increased by nearly 540% month-on-month, rising from approximately 22 million in March to over 140 million in April, with the total reserve balance also increasing to about 141 million USD, which means that the reserve surplus is approximately 327,000 USD relative to the circulating token quantity.Tether CEO Paolo Ardoino stated that the adoption of regulated digital dollars is accelerating, and as stablecoin regulations become clearer, institutions will seek digital dollars that combine scale, regulated issuance, and transparent reserve reporting. USAT was launched in January, aiming to comply with the requirements of the GENIUS Act, marking Tether's attempt to enter the U.S. regulatory framework.

According to Jinshi reports, Federal Reserve's Musalem stated on Thursday that, like several Federal Reserve decision-makers last month, he believes the phrase "accommodative stance" should be removed from the post-meeting statement to create the possibility for interest rate hikes. He supports this interest rate decision and believes that the accommodative stance no longer aligns with the economic outlook and risk balance.

According to Jinshi reports, Federal Reserve official Musalem stated that the current possibility of the Federal Reserve considering an interest rate hike is greater than zero.

According to Jinshi reports, Federal Reserve's Musalem stated that whether to raise interest rates, lower interest rates, or maintain the current rate will depend on the development of the economic situation.

A man in Florida, USA, was arrested for allegedly stealing approximately $1.9 million worth of Bitcoin by using the mnemonic phrase of his former employer's hardware wallet. Police stated that the unauthorized transfer of the stolen funds occurred in 2020, when the suspect still had access to critical security information.

According to Digital Asset, WeHub, the holding company of the largest shareholder of Busan Digital Asset Exchange in South Korea, will expand its business into virtual assets by acquiring the cryptocurrency exchange Flybit. WeHub and its largest shareholder, JM Coffee Group Chairman Yang Jae-seok, have agreed to this acquisition deal, the amount of which has not been disclosed. After the acquisition is completed, WeHub will hold a 40% stake in Flybit, Yang Jae-seok will hold 25%, and Flybit CEO Kim Seok-jin will retain 15%.In addition, Flybit's market share has declined due to its failure to obtain a real-name account in Korean won. WeHub is interested in its VASP qualification and stable AML infrastructure, as Flybit was rated as an "excellent" operator in the financial intelligence department's system assessment. After the acquisition, both parties plan to combine Flybit's cryptocurrency trading infrastructure with the physical asset trading capabilities of Busan Digital Asset Exchange to expand into stablecoin and other businesses.

According to Decrypt, the Digital Chamber has written to OCC Director Jonathan Gould, urging him to stick to the decision to grant national trust bank charters to crypto companies like Coinbase, Ripple, and Circle.Previously, Senator Elizabeth Warren accused the approval of these charters of violating the National Bank Act and posing a threat to the safety of the U.S. banking system. The Digital Chamber countered that Congress has effectively authorized the OCC to extend bank charters to stablecoin businesses through the GENIUS Act, and that the approved companies do not accept FDIC-insured deposits, thus not constituting traditional banking operations.

According to BizWatch, FocusAI, the largest shareholder of Busan Digital Asset Exchange, is seeking to acquire Flybit, which is also a cryptocurrency exchange in South Korea. It is reported that the two companies are in the final stages of discussions regarding the details of the transaction, which includes the sale of shares held by Flybit's CEO and largest shareholder Kim Seok-jin.Flybit was registered as a virtual asset service provider in 2021 but exited the KRW-denominated market due to its failure to establish the required real-name account partnerships with banks.

According to Cointelegraph, Missouri Attorney General Catherine Hanaway has filed a lawsuit against cryptocurrency ATM operator CoinFlip, accusing it of "deliberately facilitating fraudulent transactions and profiting from them."The lawsuit claims that these fraudulent activities target "seniors and veterans" in the state, requesting the court to declare that CoinFlip violated the Missouri Merchandising Practices Act, prohibiting it from operating in Missouri, and imposing a $1,000 fine for each violation over the past five years, up to a maximum of $1.826 million, while also seeking restitution for consumers. CoinFlip operates 136 crypto machines in Missouri and 4,229 nationwide. Previously, Bitcoin Depot filed for Chapter 11 bankruptcy due to facing lawsuits and regulatory pressure.

Minnesota Governor Tim Walz has officially signed HF 3709, a bill that allows banks and credit unions in the state to offer cryptocurrency custody services. The bill will take effect on August 1, 2026. According to the bill's requirements, financial institutions must develop written policies covering risk management, internal controls, and security measures, and submit written notice to the state commissioner of commerce at least 60 days before providing custody services. The bill specifically emphasizes that customer assets must be strictly segregated from the institution's own assets.One of the main authors of the bill, Representative Bernie Perryman, stated that this move aims to allow local financial institutions to "grow alongside their customers," preventing residents from being forced to rely on unregulated out-of-state or offshore providers. The Minnesota Credit Union Network stated that this legislation provides residents with a "safer way to manage crypto assets" and strengthens protections against risks such as fraud and hacking through regulation. With this, Minnesota becomes another state, following New York, Wyoming, and Virginia, that allows banks to offer crypto custody services.Meanwhile, earlier this month, the state also enacted another bill (SF 3868) that bans cryptocurrency ATMs. Starting August 1, the state cannot install new cryptocurrency ATMs, and existing machines must be removed by December 31. As a result, Bitcoin ATM operator Bitcoin Depot has filed for Chapter 11 bankruptcy protection and initiated business liquidation this Monday.

The OpenAI official status page shows that OpenAI is investigating multiple service outages, with the Codex 5.5 engine experiencing a high error rate, particularly affecting free users. All Codex users have also seen an increase in latency for gpt 5.5.In addition, the Realtime API's SIP/WebRTC process has experienced interruptions, which has been officially marked as "under investigation," and the related issues have persisted for several hours. The official website notes that the impact of the outage varies depending on subscription level and the models and features used.

According to CoinDesk, wallet service provider Exodus Movement (EXOD) sold approximately $73.2 million in crypto assets in the first quarter, during which its Bitcoin holdings decreased by 1,076 coins, a decline of about 63%, leaving only 628 BTC. The fair value of its assets dropped from $149.2 million to $42.8 million.During the same period, it added 5,068 SOL, increasing its total holdings to 17,541 SOL. The company stated that the related cash-out was mainly used for the acquisition of the W3C payment business and to pay off maturing consideration, and it has converted over $70 million into dollar reserves, raising its cash, cash equivalents, and stablecoin balance from $5.2 million to $74.4 million. Affected by the impairment and disposal of crypto assets, Exodus's revenue in the first quarter fell by 36.8% year-on-year to $22.7 million, and net losses widened to $32.1 million.

Anthropic CEO Dario Amodei stated on Wednesday at the Code With Claude developer conference in San Francisco that the company's revenue in the first quarter saw an 80-fold increase alongside customer AI usage, which took the company by surprise. He mentioned that the company had originally planned for a 10-fold annual growth, but the actual growth rate far exceeded expectations, leading to a tight supply of computing power.Anthropic's annualized revenue increased from nearly $1 billion at the end of 2024 to $9 billion by the end of the year, and by early April this year, it had surged to $30 billion. The strong demand for Claude Code and work agents allowed it to nearly meet its annual forecast ahead of schedule last month. To alleviate the pressure on computing power, Anthropic signed contracts for a total of 10 gigawatts of computing power supply with Amazon and Google over the past month, and announced on Thursday that it will utilize all the computing power of xAI's first data center, Colossus 1, located in Memphis, within the next month. Amodei stated that the company will continue to acquire more computing power as much as possible.

According to Jinshi News, St. Louis Fed President Bullard stated that there is significant uncertainty regarding the outlook for the U.S. economy and monetary policy. He believes that the risks associated with current inflation are rising compared to employment risks. Bullard pointed out that inflation is significantly above the 2% target level, and the risks are more tilted towards inflation rather than employment.He mentioned that the Fed's benchmark policy rate is currently at a neutral level, possibly slightly leaning towards easing, and there is a reasonable scenario for maintaining the current policy rate, but further rate cuts or increases may also be necessary.

According to Jin Shi reports, Federal Reserve's Musalem stated that there are reasonable scenarios indicating that interest rates need to remain stable for a period of time.

According to the Korea Economic Daily, Jeong Eun-bo, the chairman of the Korea Exchange, announced at the 30th anniversary ceremony of the Busan derivatives market that they plan to launch digital asset derivatives to make Busan a global hub for the derivatives market.He stated that the exchange will actively promote the introduction of related products and attract international conferences to solidify Busan's position as South Korea's leading derivatives financial center.

The cryptocurrency trading platform SuperEx announced that it will launch the AMDUSDT, QCOMUSDT, and USARUSDT U-based perpetual contract trading pairs today at 22:00 Beijing time (14:00 UTC).It is reported that the newly launched contract trading pairs support full margin, cross margin, and isolated margin modes, and users can experience trading through SuperEx's web and app platforms.

Kelp DAO announced that it will migrate its re-staked token rsETH to Chainlink CCIP, stating that this move is to enhance security.Previously, the cross-chain bridge built by Kelp DAO based on LayerZero was attacked on April 18, resulting in hackers stealing approximately 116,500 rsETH, involving an amount of about $292 million, and using the related assets as collateral to borrow WETH on Aave v3. Regarding the cause of the vulnerability, LayerZero previously stated that the issue stemmed from Kelp DAO using a single DVN verification path configuration instead of multiple independent verifications. Kelp DAO responded that this configuration was the default setting and that LayerZero had confirmed its security without indicating any related risks. LayerZero CEO Bryan Pellegrino subsequently denied this claim, stating that Kelp DAO had actively modified the default multi-DVN configuration. Both parties are currently still in ongoing disputes over the attribution of responsibility.

According to Cointelegraph, the Tennessee Bankers Association in the United States has selected Stablecore as its preferred digital asset technology provider, offering infrastructure for products such as stablecoins, tokenized deposits, and crypto asset-backed loans to approximately 175 member banks, without the need for banks to build their own systems.Stablecore develops backend infrastructure that allows banks to issue and manage tokenized assets while handling compliance and integration with core banking systems. This collaboration reflects the trend of traditional financial institutions integrating crypto services through third-party providers.