Jin10 reported on May 1 that the U.S. Department of Labor announced on Thursday that for the week ending April 26, the number of initial unemployment claims increased by 18,000 to 241,000, the highest level since early October. The increase in claims was mainly from New York, where applications typically rise during the spring around school holidays.

Classover Holdings has signed a stock subscription agreement with Solana Strategies Holdings to sell up to $400 million of Class B common stock. The proceeds will be used for Solana digital asset reserve strategy, working capital, and strategic acquisitions. The plan is to purchase, hold, and stake SOL tokens, becoming one of the first publicly traded companies to incorporate SOL into its core reserve business. The company also intends to operate SOL validation Nodes to enhance network Decentralization and security, and earn staking rewards.

$AERO

$ANLOG

U.S. Treasury Secretary Yellen believes that a 2-year Treasury yield below the federal funds rate indicates that the Federal Reserve should cut interest rates. The market generally sees this as a signal that the tightening cycle is coming to an end, but there is a risk that market expectations may be wrong. For example, in 2023, the 2-year Treasury yield briefly fell below the federal funds rate, only to quickly rebound.

PANews May 1 news, according to Jin10 report, U.S. Treasury Secretary Besant stated that the two-year Treasury yield is lower than the ten-year yield, indicating that the Federal Reserve should consider lowering interest rates. In addition, he stated that we expect the GDP data to be revised.

$AIXBT

Jin10 reported that interest rate futures expect the Bank of England to cut rates by 100 basis points for the remainder of 2025, with 94 basis points on Wednesday.

$SYNT

PANews, May 1st news, according to on-chain analyst Yu Jin's monitoring, a Whale that has recently shorted ETH multiple times at the highest price of 1,800 has now shorted 10,000 ETH (approximately 17.9 million USD), with an average price of 1,791 USD, resulting in unrealized losses of 510,000 USD. He continued to short 4,000 ETH by borrowing coins in the past hour, bringing his short position to 10,000 ETH. The average shorting price is $1,791, currently with unrealized losses of $510,000.

According to BlockBeats news on May 1, based on GMGN market data, AI zone tokens are strengthening, among which: VIRTUAL has a 24-hour rise of 33.08%, currently priced at 1.7145 USD; AIXBT has a 24-hour rise of 21.53%, currently priced at 0.1881 USD; ai16z has a 24-hour rise of 11.56%, currently priced at 0.3013 USD.

Mizuho pointed out that the Bank of Japan's pause in monetary tightening has increased the depreciation pressure on the yen, shifting market focus to the low interest rate environment. The risk of yen depreciation has increased, making the dollar's movement crucial. Although the Bank of Japan emphasizes positive factors, the cautious attitude has complicated the dollar's short positions against the yen.

Gate.io News bot message, according to Gate.io market display, the BTC_USDT price has surpassed 96000 USDT, current price is 96023.9 USDT. 24-hour increase is 1.11%.

BlockBeats news, on May 1st, according to market news, Morgan Stanley plans to offer crypto assets trading to ETRADE customers. (Jin10)

Gate.io News

According to Gate.io News bot, Decrypt reported that the Ethereum development team is advancing the development of two new standards, ERC-7930 and ERC-7828. ERC-7930 provides a standardized format for computers to specify the network to which an address belongs; ERC-7828 converts addresses into human-readable formats such as "readonly@decrypt this". The multi-protocol team Wonderland pointed out at the Ethereum L2 interoperability working group meeting that currently, wallets and protocols lack a unified standard for parsing and displaying cross-chain address information. These two new standards are planned to be finalized on May 9 and will then be implemented in wallets, block explorers, and cross-chain protocols. Additionally, the Ethereum Pectra upgrade is scheduled to go live on May 7, having been delayed due to issues with the testnet.

Odaily News Japan's Central Bank Governor Kazuo Ueda: If U.S. President Trump reduces tariffs to zero or maintains them at a lower level, it may lead to a quicker interest rate hike. (Jin10)

The Ethereum core development team is about to complete the formulation of the ERC-7828 and ERC-7930 standards, aimed at solving the address recognition problem in Cross-Chain Interoperativity. ERC-7930 provides a unified network identification format for the system, while ERC-7828 is dedicated to converting encryption addresses into a more recognizable "name@service" format, reducing the risks users face due to incorrect network selection. In addition, the Ethereum Pectra upgrade is scheduled to be deployed to the Mainnet on May 7.

BlockBeats news, on May 1, according to Cointelegraph, Zack Witkoff, co-founder of World Liberty Financial, stated that the USD stablecoin USD1 issued by WLFI will also be natively issued on the Tron blockchain. Previously, WLFI had issued the stablecoin USD1 on the BNB Chain.

Jin10 reported on May 1st that Brent crude oil has fallen below $60 per barrel for the first time since April 9, dropping 1.66% during the day. WTI crude oil also declined 2.00% today, currently priced at $56.90 per barrel.

Jin10 data reported on May 1st, Mitsubishi UFJ analyst Lee Hardman stated in a report that the prospect of a slowdown in the Bank of Japan's interest rate hike pace may help to curb the recent strength of the yen. The Bank of Japan maintained interest rates on Thursday, while being more cautious about the prospects for further rate hikes, and lowered its expectations for economic growth and inflation. This should help to curb the yen's strength. However, if global economic growth continues to slow down and other major central banks further cut rates, the trend of yen appreciation is unlikely to reverse.

According to Gate.io News bot, TheBlock reports that Ethena Labs and Ethena Foundation have officially announced a partnership with TON Foundation. According to the cooperation details, the synthetic stablecoins USDe and sUSDe will be introduced into the Telegram ecosystem. In the specific implementation plan, sUSDe will operate in the form of tsUSDe on the TON network, allowing Telegram users to directly access this asset. In addition, related products of Ethena have been confirmed to be integrated into the native Telegram wallet, supporting TON-compatible wallets such as Tonkeeper and TONHub.

Gate.io News bot message, according to CNBC, Tether CEO Paul Ardoino revealed that the company is preparing to launch a new stablecoin product in the U.S. market by the end of 2023 or early 2024. Ardoino pointed out that the launch progress of the new product will be in sync with the stablecoin legislation process in the U.S. Congress. In an interview, he mentioned that Tether is working closely with law enforcement to gain regulatory support, and he stated that the existing USDT is "one of the most successful export products in the U.S.". According to Ardoino, this new product will differ from the existing USDT to meet the regulatory requirements and demands of the local market in the United States. Source: CNBC

On May 1, Jin10 reported that on May 1 local time, the Chief of Staff of the Israel Defense Forces stated that the IDF is prepared to launch a decisive strike against Hamas and will soon intensify military operations in the Gaza Strip.

The crypto KOL 0xsun.sol purchased the Meme coin gork on the Solana blockchain for $18,800, and has partially sold it for a profit of 277.91 SOL. Currently, the sellable portion can fetch $135,300, with unrealized gains exceeding 1000 SOL. The current market capitalization of GORK is $43.3 million, and it has reached a trading volume of $183 million within 11 hours of being listed.

Jin10 data May 1st news, at 7 AM local time on May 1st, the UK local elections officially began, and voting will end in the evening of the same day. This local election in the UK involves 1,641 seats across 23 local councils and will also elect 6 mayors. The election results are expected to be announced on the 2nd. This local election is the first held after the 2024 UK general election and is seen by local media as a "public opinion test" for the ruling Labour Party.

Jin10 reports that Bank of Japan Governor Kazuo Ueda believes that the overall inflation rate has been rising slowly and is not lagging behind the yield curve. The slowdown in core inflation growth does not mean that interest rate hikes will be delayed. (Jin10 Data APP)

According to Gate.io News bot, as reported by CoinDesk, the crypto payment platform Mesh has announced a new feature development plan that will support users shopping with crypto assets through Apple Pay. Merchants will receive settlement in stablecoin for transactions, without the need to directly handle crypto assets. Mesh utilizes its self-developed SmartFunding technology to complete the real-time conversion of Crypto Assets to stablecoin during user checkout. This feature is scheduled to officially launch in the second quarter of this year. It is worth noting that Mesh previously secured $82 million in funding led by Paradigm.

Jin10 reported on May 1, local time, that the acting president of South Korea and Prime Minister Han Duck-soo delivered a speech to the nation, announcing his resignation.