According to Coinjie.com, on May 3 (UTC+8), Kyrgyz President Sadir Zaparov recently met with Zhao Changpeng (CZ), the founder of Binance, the world's largest cryptocurrency exchange, in Chilpenata. The talks have conducted in-depth exchanges between the two sides on the development of blockchain technology and digital assets in Kyrgyzstan. President Zaparov expressed his gratitude for the opportunity to discuss the future of the digital economy with the Binance team, and believed that this cooperation will not only bring new development opportunities for Kyrgyzstan, but also open up new worlds for the entire Central Asia region. The meeting demonstrates Kyrgyzstan's determination and efforts in promoting scientific and technological innovation and digital transformation. (Source: Bijie.com)

According to Coinglass data, the entire network contracts in the cryptocurrency market in the past 24 hours have been liquidated by US$110 million, of which the long positions are 77.3813 million and the short positions are 32.6548 million. In addition, the total amount of BTC liquidation was US$18.243 million, and the total amount of ETH liquidation was US$17.3279 million.

Bishop reported that Tether CEO Paolo Ardoino criticized the EU's stablecoin regulatory framework in an interview with the Less Noise More Signal podcast, which forces stablecoin companies such as Tether to deposit most of their reserves (up to 60%) in uninsured bank deposits. A wave of bank failures could occur in Europe in the near future due to the cross-impact of high-risk loans and new cryptocurrency rules. Paolo Ardoino added that the European regulatory regime was designed to help banking institutions in the euro zone to bring more liquidity, but this created a "huge systemic risk" because big European banks like UBS, such as the banking system, will not include stablecoins into the banking system, ultimately forcing stablecoin issuers to choose smaller banks, further exacerbating the risk.

Tether CEO Paolo Ardoino warned that European banking could see a large number of bank failures in the near future because newly introduced stablecoin rules prompted companies such as Tether to deposit most of their reserve funds in small, risky banks.

According to Bijie.com, crypto analyst ali_charts released a picture and text analysis saying that in the past 24 hours, the number of active BTC addresses has reached 925,914. This is the highest level of network activity in the past six months.

According to Coinglass data, the open positions in Bitcoin futures contracts on the entire network are 673.26 million BTC (approximately US$64.8 billion). Among them, the open positions of CME Bitcoin contracts were 1.4592 million BTC (approximately US$14.04 billion), ranking first; the open positions of Binance Bitcoin contracts were 1.1702 million BTC (approximately US$11.26 billion), ranking second.

According to Whale Alert monitoring, around 1:24 Beijing time, 29,532,534 XRP (64,429,964 US dollars) were transferred from unknown wallets to Coinbase.

On May 3, Angelo Kourkafas, senior investment strategist at Edward Jones, said Powell "may continue to sound hawkish to refute the Fed's argument that the Fed will be affected by the White House."

According to Coinjie.com, Buffett said at the Berkshire Hathaway shareholders' meeting that so far this year, we have not done any stock repurchase, and our company's repurchase mechanism will be relatively conservative. A company repurchases its own stock will incur high taxes, "which will indeed make the buybacks slightly less attractive," Buffett said, adding that if the company thinks its stock is almost certainly undervalued, it will do a stock buyback.

Bijie.com reported that Tether CEO Paolo Ardoino released a collection of use cases for USDT USDT on the X platform, with a total of 22 items, including: stabilizing USD savings and providing instant payment for freelancers. Fast and low-cost remittances, hedging inflation, cryptocurrency exchange trading, global supplier payments, e-commerce payments, DeFi lending, stablecoin crowdfunding, holding USD without a bank account, paying remote teams, shopping internationally, providing banking services to unbanked people, paying mobile phones and utility bills, investing in tokenized assets, paying for privacy tool fees, microfinance and P2P lending, access to global markets, cross-border commercial settlement, storing emergency savings, online rewards creators, and instant donations in disaster areas.