Trump’s Tax Cut Bill Moves Forward in House of Representatives
The House of Representatives approved Trump’s tax cut bill, but five conservative Republican lawmakers voted against it on Thursday, stalling the process. Conservatives demanded tougher regulations on Medicaid cuts. Republican leaders say the bill is still in the development stage and needs changes to secure conservative support.
Japanese Prime Minister Ishiba: Tariffs on Goods Unacceptable
Japanese Prime Minister Shigeru Ishiba said his country wants to establish a win-win relationship with the US through investment but that tariffs on goods such as automobiles are unacceptable. Japan wants to avoid tensions in trade with the US.
Metaplanet Purchased 1,004 More BTC
A publicly traded company in Japan, Metaplanet, announced that it has purchased an additional 1,004 bitcoins, bringing the total amount to 15.19 billion yen (approximately 105 million USD). It stated that Metaplanet currently holds a total of 7,800 bitcoins.
Coinbase Sued for Alleged Violation of Biometric Privacy Law
Coinbase is accused of collecting and sharing users’ facial data without their consent. The plaintiffs claim that the Illinois Biometric Information Privacy Act (BIPA) has been violated, stating that user data was shared with third parties such as Jumio and demanding $5,000 in compensation per person.
Nvidia: Newton Physics Engine to Become Open Source in July
Nvidia CEO Jensen Huang announced that the Newton physics engine, developed to push the boundaries of physical robot training and designed in collaboration with DeepMind and Disney Research, will be open-sourced in July. Newton offers an advanced physics infrastructure that is GPU-accelerated and capable of super-real-time performance, and will be integrated into Nvidia’s ISAAC simulator.
USDC Treasury Destroyed $104 Million in USDC on Ethereum
According to Whale Alert data, the USDC Treasury destroyed $52 million worth of USDC twice in a short period on the Ethereum network. This transaction represents a total supply reduction of $104 million.
Arbitrum Was the Chain With the Most Funds Withdrawn in the Last 7 Days
According to DefiLlama data, the Arbitrum cross-chain bridge ranked first among all chains with a net capital inflow of $496 million over the past seven days. Ethereum and OP followed with $56.79 million and $50.80 million, respectively. Significant outflows were observed on Bera, Sei, and Unichain.
Bitcoin Spot ETFs Closed the Fifth Week with Net Inflows
During the week of May 12-16, Bitcoin spot ETFs saw a total net inflow of $604 million. BlackRock’s IBIT product stood out with a weekly inflow of $45.55 million, while Grayscale Mini ETF BTC experienced a net outflow of $39.84 million, and Fidelity FBTC saw a net outflow of $122 million. The total net asset value of ETFs stands at 122.67 billion dollars.
Ethereum Spot ETFs Saw 41.59 Million Dollars in Inflows
During the same week, Ethereum spot ETFs recorded a total net inflow of 41.59 million dollars. BlackRock’s ETHA ETF led with 66.04 million dollars. Grayscale Mini ETF ETH saw inflows of 15.91 million dollars, while the former ETHE product experienced net outflows of 26.22 million dollars. The total asset value of ETH ETFs reached 8.97 billion dollars.
by Darkex Research – 1 min read
Click for Market Pulse news articles prepared by the Darkex Research Team.
