Today
2025/05/07

Citigroup: The economy had already begun to slow down before the tariffs were implemented.

According to ChainCatcher news, Jin10 reports that Kate Moore, Chief Investment Officer of Citigroup's Wealth Management division, stated that the company cannot immediately adapt to policy changes, and the economy has already begun to slow down before the tariffs were implemented.
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Coinbase will list PAX Gold (PAXG)

According to BlockBeats news on May 8, Coinbase will officially add support for PAX Gold (PAXG) on the Ethereum network (ERC-20 Token).
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U.S. Treasury Secretary Becerra: The United States should become the preferred destination for digital assets.

Odaily News US Treasury Secretary Basent stated that the US should become the preferred destination for digital assets. (Cointelegraph)
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In the past 24 hours, the entire network has experienced Get Liquidated of 233 million USD, mainly on short orders.

PANews, May 7 news, Coinglass data shows that in the past 24 hours, the crypto assets market experienced a total liquidation of 233 million USD across all contracts, with long orders getting liquidated amounting to 76.32 million USD and short orders amounting to 157 million USD. The total liquidation amount for BTC was 89.16 million USD, and for ETH, it was 38.95 million USD.
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Executives from the Ethereum Foundation jointly founded Lantern Capital Investment Company.

According to Gate.io News bot, it was reported by Wu that Tomasz Stańczak, the co-executive director of the Ethereum Foundation, announced the establishment of an early-stage venture capital firm, Lantern Capital, with Gökhan and Nethermind. The firm will focus on investments in the Ethereum ecosystem and cross-chain projects. Gökhan pointed out: "AI is accelerating the software development cycle, and blockchain will serve as a key infrastructure in the new landscape, including economic payment tracks, governance mechanisms, verification layers, and digital identity frameworks."
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In April, 1.92 million new accounts were opened in the A-shares market, a year-on-year rise of 31%.

In April 2025, the new account opening data for A-shares saw a decline, but compared to the same period in 2024, it still rose by 30.6%, maintaining a steady trend. Monthly comparisons indicate that the number of new accounts opened gradually increased from January to April, with April seeing 1.92 million new accounts, an increase of 22.57% over the same period last year, demonstrating investors' ongoing follow and participation in the A-share market.
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Wang Si: The United States is focused on long-term peace in Ukraine, rather than a ceasefire.

On May 7, U.S. Vice President Vance said that the United States is shifting its focus from the 30-day ceasefire between Russia and Ukraine to the formation of a long-term peace solution. His latest indication is that frustration in the White House is growing as Trump fails to achieve his goal of ending the war within 100 days of taking office. Vance said Russia was "asking too much" in the negotiations, and in the end, Moscow and Kyiv needed to negotiate directly to broker a ceasefire. "We've tried to move beyond the obsession with a 30-day ceasefire and focus more on what a long-term solution looks like, and we've been trying to move forward," Vance said at the Munich leaders' conference in Washington. Vance reiterated Trump's threat that he would pull out of talks unless a deal was reached soon. "We hope that both Russia and Ukraine will agree on some basic guidelines for sitting down and negotiating," he said. Vance added that the United States is "happy to participate in these conversations," but Russia and Ukraine
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U.S. Treasury Secretary: The demand for digital assets will reach up to $2 trillion for U.S. Treasury bonds.

PANews, May 7 news, according to Jin10 reports, US Treasury Secretary Basent stated that the demand for digital assets in US Treasury bonds will reach up to $2 trillion.
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French startup Mistral launches AI chat Bots for businesses

French startup Mistral AI launches the enterprise chatbot Le Chat, with revenue doubling in the past 100 days, particularly driven by demand outside the United States. The company was founded two years ago and is valued at $6 billion, with last year's revenue at $30 million. The enterprise version of Le Chat can connect to SharePoint and Google Drive. Mistral AI reduces reliance on cloud service providers, offering independent services to clients.
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TD Securities: If the Bank of England hints at more aggressive rate cuts, the pound will face pressure.

TD Securities analysts expect the Bank of England to possibly increase the pace of interest rate cuts, leading to a weaker pound. The Bank of England may cut rates by 25 basis points, with some policymakers even supporting a 50 basis point cut. Amid increasing trade uncertainties, the Central Bank may lower its economic growth expectations and hint at further rate cuts. Members believe that subdued inflation will drive the Central Bank to continue cutting rates.
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A missile directed towards Yemen landed in the Red Sea area outside of Israel.

Jin10 data reported on May 7, local time on the afternoon of the 7th, a missile from the direction of Yemen landed in the Red Sea area outside Israel. The Israeli military has not responded to this news, and no air raid sirens have been sounded within Israel.
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The United States and Israel discussed the possibility of a U.S.-led government in Gaza.

BlockBeats news, on May 7, sources reported that the United States and Israel discussed the possibility of a U.S.-led Gaza government. (Jin10)
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U.S. envoy Wittekov will brief the United Nations Security Council on the Gaza aid plan.

Trump's envoy Vitekoff will present U.S. policy at a closed-door meeting of the United Nations Security Council, including the Gaza war and Iran nuclear negotiations. He will focus on a new aid mechanism that allows for the resumption of aid but has sparked controversy. Despite being rejected by the United Nations and aid agencies, the Trump administration is still pushing for this mechanism.
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Shanwai Shan: Big Health, Liyuan Jian Kun intends to reduce its holdings of company shares by no more than 4.00%.

Jin10 reported on May 7 that Shanwai Shan announced that shareholders Dajian Health and Liyuan Jiankun plan to reduce their holdings of the company's shares by no more than 12.8526 million shares through centralized bidding or Block Trading due to their own funding needs. The total reduction ratio will not exceed 4.00% of the company's total share capital, and the implementation will occur within 3 months after 15 trading days from the announcement of this reduction plan (from May 30, 2025, to August 27, 2025).
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If trade negotiations with the United States fail, the European Union will impose new tariffs.

BlockBeats news, on May 7, according to market news, the EU stated that if trade negotiations with the United States fail, the EU will implement new tariffs. (Jin10)
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Macron: France and Germany are in close contact regarding a 30-day ceasefire protocol for Ukraine.

Macron and Merz stated during their speeches that France and Germany will firmly support Ukraine and strive for a 30-day ceasefire. Macron questioned whether Russia would honor the ceasefire commitment, while Merz expressed hope for a permanent ceasefire to be reached soon, but did not make security commitments. The two countries pledged to maintain close contact and work towards establishing lasting peace.
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Cuihua Jewelry: Traditional gold is a key development direction for the company.

Cuihua Jewelry emphasized ancient gold as a key development direction in its 2024 annual report online briefing, focusing on diversified layouts and integrating the intangible cultural heritage craft of flower silk inlay, striving to launch more innovative and high-quality products to meet consumer demand, enhance brand image and market competitiveness, and lead a new trend in gold consumption.
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Gate.io Launchpool launches Haedal Protocol (HAEDAL)

Gate.io will launch the HAEDAL staking Mining event from May 7 to May 11. By staking USDT and BTC to participate in the Launchpool, users can receive a free airdrop of 428,571 HAEDAL. The expected annualized return for the USDT user pool is 133.52%, while the BTC Mining Pool has an expected annualized return of 12.13%. The upper limit for the USDT staking pool is 5000 USDT, with a total prize pool of 80,000 HAEDAL; the upper limit for the BTC staking pool is 10 BTC, with a total prize pool of 348,571 HAEDAL.
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