Good morning everyone, it’s Saturday again🤩

There is generally not much movement on Saturdays and Sundays

There was no movement from Fed officials and no economic data was released.

1. Bitcoin (BTC) showed strong momentum in early May, with the price breaking through $65,000 and even reaching $66,500. The main driver was increased institutional investment, including BlackRock's IBIT. Prices are expected to continue rising in the short term.

2. Ethereum (ETH) shows significant performance improvements after its latest technology upgrade. This upgrade not only enhances the scalability of the network, but also provides developers with more flexible tools, thereby promoting the development of more decentralized applications (dApps).

3. Despite market volatility, Binance Coin (BNB) still shows strong resistance. BNB is trying to break above the $640 resistance. If successful, its price is expected to continue climbing.

4. The U.S. Department of the Treasury announced that it will strengthen the supervision of virtual assets, focusing on increasing the application of artificial intelligence to combat illegal financial activities. This may bring some shock to the cryptocurrency market, but in the long run, it will be beneficial to the healthy development of the market.

5. As an emerging digital currency, Bitget Token (BGB) is attracting widespread attention from investors. Its performance has been relatively solid amid market fluctuations, which bodes well for future potential.

6. The developer of Tornado Cash, who was accused of money laundering, is actively appealing, seeking to overturn the previous judgment. The case has attracted widespread attention and may influence the legal framework for similar projects in the future.

7. Hong Kong officially launches personal electronic RMB (e-CNY) wallet for cross-border payments. This initiative aims to promote the internationalization of the RMB and provide users with a more convenient payment method.

8. Dogeverse performed well during its pre-sale phase, raising over $15 million. Its annualized rate of return of up to 62% has attracted a large number of investors, which shows the market's confidence in its future development.

9. Due to the impending implementation of new trading and reserve requirements in Europe, Kraken is evaluating whether to continue to provide USDT trading services in the European market. This decision could have a significant impact on the stablecoin market.

10. The United Arab Emirates (UAE) recorded $25 billion in cryptocurrency trading volume in 2022. To further attract investment, the UAE is adopting more flexible regulatory policies to encourage more cryptocurrency activity and innovation.