ChainCatcher news, according to The Wall Street Journal, large commercial banks such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are discussing a joint issuance of stablecoins to address the growing competition in the cryptocurrency industry. The negotiating parties include Zelle payment system operator Early Warning Services and the real-time payment network Clearing House.

ChainCatcher news, according to The Block, despite the strong momentum for stablecoin legislation in the U.S. (such as the GENIUS Act), JPMorgan analysts are still delaying their trillion-dollar stablecoin predictions.They stated that although the U.S. regulatory framework is strengthening, predicting that the market value of stablecoins could double or quadruple from the current approximately $240 billion in the next year or two (approaching the trillion-dollar mark) is still "too optimistic."

ChainCatcher news, according to Jinshi reports, the number of initial jobless claims in the United States for the week ending May 17 was 227,000, the lowest since the week of April 19, with an expectation of 230,000 and a previous value of 229,000.

ChainCatcher message, Binance Wallet stated on social media that due to a slight delay from the project team, there have been some unexpected situations regarding this TGE event, and they will provide the latest updates as soon as possible.

ChainCatcher news, Web3 wallet Bitget Wallet announced the completion of a comprehensive brand upgrade, while unveiling a new product roadmap centered around four core scenarios: "Trading, Wealth Management, Payment, Exploration," continuously advancing the vision of "Crypto for Everyone."Smarter Trading: Discover opportunities through the Alpha module, quickly assess with Hot Picks, market trends, candlestick charts, and AI analysis, and execute trades with one click. Supports over 130 public chains, with built-in MEV protection, slippage optimization, and the beginner-friendly GetGas feature, lowering the operational threshold and making the trading process efficient and secure.Easier Wealth Management: Integrates mainstream DeFi protocols, supporting one-click wealth management and automated yield strategies. The new feature Hold2Earn enables "earning interest by holding tokens," and a native yield vault will be launched later, allowing automatic interest calculation on vault balances and easy withdrawals, further lowering the barriers to wealth management.More Everyday Payments: Supports three methods: scanning QR codes, swiping cards, and shopping in stores, allowing users to purchase products from over 300 brands with crypto assets, or pay at offline merchants through Paydify and Solana Pay; the Bitget Wallet Visa card has been launched in several countries across Asia.Simpler Exploration: Aggregates DApps, airdrops, interactive tasks, and on-chain tools, including testnet faucets and SOL rental refunds. Supports registration without mnemonic phrases and multiple security protections, helping new users explore the Web3 world more safely and easily.Bitget Wallet stated that it will continue to innovate products and services in the future, making crypto truly part of everyday life, accessible to everyone.

ChainCatcher news, according to Jinshi reports, Standard Chartered Bank's senior investment strategist Foo Ken Yap stated that despite growing concerns over the U.S. fiscal deficit, the Federal Reserve is expected to implement interest rate cuts to buffer the impact on the bond market and support economic growth. The bank predicts that the yield on the U.S. 10-year Treasury will decline from the current approximately 4.59% to 4%-4.25% within 12 months, while remaining optimistic about U.S. stocks, believing that strong corporate investment and resilient earnings expectations will continue to support the market. Standard Chartered also reiterated the value of gold as a hedge against inflation and recession risks, maintaining a target price of $3,500.

ChainCatcher message indicates that, according to SoSoValue data, various sectors of the encrypted market are experiencing a general upward trend. Bitcoin (BTC) has been on a continuous rise recently, increasing by 2.91% in the last 24 hours, with a peak surpassing $110,000 and a total market capitalization exceeding $2.18 trillion, setting a historical high on "Bitcoin Pizza Day." Ethereum (ETH) rose by 1.12%, fluctuating around $2,500.It is noteworthy that MAG7.ssi increased by 3.98%, DEFI.ssi rose by 4.30%, and MEME.ssi went up by 5.60%.Other sectors showing strong performance include: the AI sector, which rose by 6.32% in 24 hours, with Fetch.ai (FET), Bittensor (TAO), Worldcoin (WLD), and ai16z (AI16Z) increasing by 10.62%, 11.65%, 12.19%, and 12.46% respectively; the Meme sector increased by 4.95%, with SPX6900 (SPX), Popcat (POPCAT), and dogwifhat (WIF) rising by 14.58%, 14.67%, and 15.32% respectively.Additionally, the Layer2 sector rose by 3.59% in 24 hours, with Stacks (STX) increasing by 9.50%; the CeFi sector increased by 3.57%, with Hyperliquid (HYPE) rising by 14.19%; the Layer1 sector rose by 3.03%, and the DeFi sector increased by 2.68%, with Ethena (ENA) rising by 8.98%; the PayFi sector increased by 2.38%, and Monero (XMR) rose by 11.36%.The cryptocurrency sector indices reflecting historical market trends show that ssiAI, ssiDePIN, and ssiRWA increased by 8.43%, 5.57%, and 4.93% respectively in 24 hours.

ChainCatcher news, according to official sources, World Foundation, a subsidiary of the Worldcoin project, announced on May 21 that it raised $135 million by selling WLD tokens to Andreessen Horowitz and Bain Capital Crypto at market price, to support the expansion of the World network in the United States and globally.Previously disclosed investors also include Selini Capital, Mirana Ventures, and Arctic Digital.

ChainCatcher message, Matrixport shares its market analysis for today, indicating that a familiar pattern is re-emerging. Bitcoin is approaching new all-time highs, with open interest rebounding to a record $34 billion, but the funding rate remains close to zero. This suggests that the current rise is primarily driven by spot buying rather than leveraged contract positions. A lower funding rate indicates limited speculative bubbles, thereby reducing the risk of severe corrections due to excessive leverage.As a result, market volatility remains at a cyclical low, making sharp fluctuations unlikely in the short term. The Bitcoin market is evolving, increasingly dominated by long-term investors rather than short-term speculators.

ChainCatcher news, according to official sources, the OKX Wallet has launched the Cryptopedia TGE express event, with the first project being SOON. The event will take place from May 21, 2025, 14:00 to May 22, 10:00 (UTC +8). During the event, by completing and verifying interactive tasks through Cryptopedia, participants will have the chance to win a spot on the priority participation whitelist for the SOON token TGE event. A total of 2,500 winners will be selected, and each will receive one spot on the priority participation whitelist for the SOON token TGE event. Rewards are limited and will be distributed on a first-come, first-served basis.It is reported that SOON Stack is currently the most efficient SVM Rollup technology stack, dedicated to providing high-performance support for every L1 blockchain (starting from Ethereum).

ChainCatcher news, according to the official announcement, Binance VIP lending has added a new borrowable asset Nexpace (NXPC).

ChainCatcher news, NVIDIA CEO Jensen Huang stated that the open-source release of DeepSeek R1 has driven the widespread application of inference AI technology and accelerated the demand for computing.Models such as OpenAI's o3, DeepSeek R1, and xAI's Grok 3 demonstrate how artificial intelligence is shifting from perception and generative models to long-term reasoning models that require significantly enhanced computing power. These models can solve complex problems, make strategic decisions, and apply logical reasoning, but the computational requirements for each task are 100 times that of traditional inference-based AI.Jensen Huang stated, "The scale of post-training and model customization is enormous, and the required computing power may be several orders of magnitude higher than before training. Driven by extended testing times and new inference models, our inference demand is accelerating."

ChainCatcher news, according to official sources, the TON Foundation has announced the appointment of Martin Masser as the new Head of Business Growth, responsible for driving the global adoption of the TON blockchain, with a focus on Telegram Mini Apps, the tokenization of digital assets (such as stickers, NFTs, and real-world assets), and the expansion of the developer ecosystem.Masser previously served as the Chief Business Development Officer of STON.fi.

ChainCatcher news, according to The Block, cryptocurrency exchange Kraken has officially expanded its derivatives business across the EU by acquiring a licensed institution in Cyprus to obtain a European Union Markets in Financial Instruments Directive (MiFID) license.The head of the exchange's derivatives business, Alexia Theodorou, previously revealed that derivatives trading accounted for half of its total trading volume. This expansion allows Kraken to offer compliant derivatives services to users in the European Economic Area (including the 27 EU countries as well as Iceland, Liechtenstein, and Norway).In May of this year, Kraken launched similar products for qualified investors under the regulation of the UK's Financial Conduct Authority (FCA).

ChainCatcher news, according to Coindesk, Strategy disclosed on Monday that it purchased 7,390 bitcoins between May 12 and May 18 at an average price of $103,498. BRN Chief Research Analyst Valentin Fournier stated, "This round of buying action aims to firmly establish a new bottom for Bitcoin above $100,000. The inflow of funds into ETFs also reflects this strength."Fournier pointed out that the recent price increase of Ethereum (ETH) is "more driven by organic demand rather than institutional inflows, which may indicate an increase in retail activity and a decoupling of Bitcoin from other altcoins."

ChainCatcher news, according to Bloomberg, Kaiko data shows that Bithumb currently accounts for about a quarter of South Korea's crypto trading volume, up from a single-digit market share in 2023.The company is preparing for an initial public offering (IPO), expected to go public by the end of 2025. A key factor in its recovery is the significant increase in total marketing spending, rising from 16 billion won (11 million USD) in 2023 to 192 billion won (approximately 138 million USD) in 2024.According to Kaiko, Bithumb's market share soared from single digits at the beginning of 2023 to a peak of 36% after a zero-fee trading promotion in January 2024. Although some of the gains have receded, the exchange consistently holds about 25% of the market share.

ChainCatcher message, Matrixport released today's chart analysis stating, "Bitcoin is about to reach an all-time high, but most cryptocurrency traders seem unprepared. Implied volatility is at a multi-year low, and the funding rate is only slightly positive, all of which clearly indicate that retail leveraged trading has significantly decreased in recent months.This round of the Bitcoin bull market seems to be continuing in the absence of retail participation. Unlike our initial expectation that global adoption would drive prices up, the current situation shows that long-term investors are accumulating and holding Bitcoin."

ChainCatcher news, according to OKX market data, NXPC briefly fell below 1.8 USDT, currently reported at 1.8016 USDT, down over 50% from its peak.