AiCoin Daily Report (May 7)

1. New Hampshire will allow investment in Bitcoin.

2. BlackRock purchased 5613 BTC to enhance its position.

BlackRock has purchased another 5,613 BTC, valued at approximately $529.5 million, bringing its total Bitcoin holdings to 620,252 coins, valued at around $5.851 billion. Since April 21, BlackRock has accumulated a total of 47,064 Bitcoins, with a total value of about $4.44 billion. -Original text

3. House Democrats boycott the cryptocurrency regulatory hearing.

House Democrats boycotted a planned hearing on Tuesday titled "American Innovation and the Future of Digital Assets: A Blueprint for the 21st Century," which aims to discuss how to regulate the cryptocurrency industry, amid tensions over U.S. President Donald Trump's digital asset dispute. The committee's top Democratic Congressman, Maxine Waters, directly protested at the start of the hearing, saying that President Trump and his family's deep involvement in the cryptocurrency industry has created an "irreconcilable conflict of interest." She singled out the meme coins issued by the Trump couple and the World Liberty Financial stablecoin project they supported, arguing that this seriously undermines the fairness of regulatory legislation. Rep. Bryan Steil, Republican of Wisconsin, who presided over the hearing, said the hearing will now be replaced by a roundtable. Controversy continues over the stablecoin bill GENIUS, which requires stablecoins to be 100% backed by liquid assets such as U.S. dollars and conducts annual audits of projects with a market capitalization of more than $50 billion. Although Senate Majority Leader John Thune has said that he will push for a vote by May 26, Democratic lawmakers have recently signed a joint petition to point out that the bill has shortcomings such as insufficient regulation of foreign issuers. Meanwhile, House Republicans on Monday unveiled a draft crypto regulatory framework based on FIT 21 amendments, which intend to clarify the regulatory boundaries between the CFTC and the SEC. -original

4. The Federal Reserve may pause interest rate cuts to address inflation.

On the eve of the Federal Reserve's interest rate decision on Thursday, Nick Timiraos, a well-known financial journalist known as the "New Fed News Agency", published a new report, analyzing the dilemma faced by the Federal Reserve in dealing with the Trump administration's "sloppy" tariff policy, suggesting that the Fed may hold off on cutting interest rates. The article suggests that the Fed will keep a close eye on changes in the labor market, using employment data as an important reference for its decision-making: "The Fed will not cut interest rates early in anticipation of an economic slowdown, they need to see actual data, especially in the labor market." Tariffs could force the Fed to "go the latter path." Because tariffs are likely to push prices higher in the short term, uncertainty can also slow economic activity and create signs of stagflation, which could make the Fed pause on cutting interest rates. If inflation expectations get out of control, it will become more difficult to get inflation under control. The article further notes that the "constraints" mentioned by former Fed Governor Brainard have worsened compared to five years ago, as the economy has recently experienced a period of very high inflation. Even though the Fed may consider cutting interest rates internally, the Fed still needs to remain vigilant about inflation in public to stabilize market expectations. -original

5. The CEO of BlackRock attends the investor meeting.

6. Malaysia seeks opinions on tokenized capital market products.

The Securities Commission of Malaysia (SC) today released a consultation paper aimed at gathering public feedback on the regulatory framework draft for tokenized capital market products, with the public consultation period running from May 6 to June 16, 2025. The SC pointed out that tokenized capital market products digitize traditional financial products such as stocks, bonds, and funds through distributed ledger technology (DLT), and should be distinguished from digital tokens and digital currencies, as the latter are regulated under different frameworks. The SC indicated that the formulation of the regulatory framework is in response to the growing market interest in tokenized products, with a focus on exploring the application of DLT in the capital market, including programmable assets, fractional ownership, and enhanced transparency, while ensuring investor protection. The draft also addresses key areas such as public requirements, governance controls, and technology risk management, and proposes additional requirements for relevant license holders. Previously, it was reported that the Prime Minister of Malaysia met with CZ to discuss Malaysia's development potential in the digital asset and blockchain industry.

7. Thumzup plans to raise $500 million to purchase Bitcoin.

NASDAQ-listed company Thumzup Media Corp submitted a registration statement to the U.S. Securities and Exchange Commission to increase the maximum total issuance amount of securities from 200 million dollars to 500 million dollars to purchase more Bitcoin. The company's board of directors had previously authorized Thumzup to allocate up to 90% of its liquid assets to BTC as part of its funding strategy. As of May 5, 2025, Thumzup holds 19.106 BTC, with a market value of approximately 1.8 million dollars. -Original text

8. The UK denies establishing a national cryptocurrency reserve plan.

Odaily Planet Daily News: Emma Reynolds, the UK's Economic Secretary to the Treasury, has made it clear that the country will not follow the United States in establishing a national cryptocurrency reserve. She pointed out that the plan is not suitable for the UK market, and although the UK has not yet realized a digital asset reserve, the country is considering "the possibility of issuing sovereign debt using distributed ledger technology." Reynolds emphasized that the UK will not adopt a legislative model based on the EU's MiCA framework but will adjust existing regulations based on outcome orientation. Regarding decentralized assets such as Bitcoin, she acknowledged the limitations of regulation, noting that the government's intervention measures are limited.

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