KEYTAKEAWAYS
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Fed faces policy dilemma as Trump's tariffs risk stagflation, complicating rate decisions ahead of May FOMC meeting.
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Futu Securities tests crypto deposits, signaling mainstream adoption with USDT/USDC support for global stock investments.
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U.S. Treasury rejects CBDC, prioritizing debt-to-GDP stability over digital dollar innovation amid economic uncertainty.
CONTENT
USD1 REACHES $2.2 BILLION MARKET CAP
USD1 becomes the 7th largest stablecoin globally, market cap hits $2.2 billion
Analysis:
USD1 has jumped to the 7th spot among global stablecoins with a market cap of $2.2 billion, surpassing First Digital USD (FDUSD), PayPal USD (PYUSD), and Tether Gold (XAUT).
The coin gained attention quickly thanks to support from the Trump family (Eric Trump and Donald Trump Jr.) and favorable crypto policies linked to Donald Trump’s influence.
SEI PLANS TO SIMPLIFY ITS ARCHITECTURE TO EVM MODE
Sei announced on Twitter that Sei Labs has submitted proposal SIP-3 to streamline its network architecture to support only EVM mode.
The goal is to improve the developer experience, reduce infrastructure complexity, and fully use Sei’s parallel EVM power to move toward its “Giga” vision.
Analysis:
The proposal aims to help Sei achieve “Giga-level” performance—5 gigagas per second—similar to Web2 speeds, by simplifying the system and enhancing EVM efficiency.
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MIKAMI MEME COIN DROPS OVER 70% AFTER LAUNCH
According to GMGN data, the Mikami meme coin by Yua Mikami dropped over 70% shortly after its midnight launch. Its market cap now stands at $6.98 million. The presale price was around $0.245, but the current price is $0.10.
Analysis:
Presale buyers are facing a 59.2% unrealized loss. Investors should be cautious with meme coins due to their high volatility.
