BlockBeats news, on May 20th, the Meme AppChain Embr.fun built on Initia announced that its Mainnet is now live. Embr.fun is developed by Embr Labs and supported by the Initia Interwoven Stack for development. This project is designed for the next generation of the Meme economy, aiming to bring more innovative and fun ways to engage with Memes, and to become the first platform to drive the development of the next generation of Memes.

Golden Finance reports that Paxos International has announced a collaboration with Web3 financial infrastructure Velo Labs to integrate its regulated yield-bearing stablecoin Lift Dollar (USDL). USDL will serve as reserve collateral and settlement asset within Velo Labs' USDV stablecoin framework. USDL was launched last year by Paxos and is regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and is valued in USD.

Jin10 data reported on May 20, analysts from the financial website Forexlive: The Reserve Bank of Australia has lowered the cash Intrerest Rate, acknowledging progress on inflation but remaining cautious about the future outlook. However, the Reserve Bank of Australia emphasized the risks surrounding trade policy and the potential drag on economic rise. This is the reason for its downward revision of growth and inflation expectations, which is also why the Australian dollar is under pressure.

Odaily News Embr Labs announced that its Mainnet has been launched on Initia, utilizing Celestia as the underlying technology. The "Chains of Chaos" it launched is a strategy game where Tokens can compete for Liquidity.

Jin10 data May 20th, the Reserve Bank of Australia lowered the Benchmark Interest Rate by 25 basis points to 3.85%, in line with market expectations.

On May 20, Jin10 reported that Guoxuan High-tech stated on the interactive platform that the demand for the company's main products is strong, production scheduling continues to rise, and the capacity utilization rate is expected to further improve as the third-generation battery cells ramp up to full production.

Odaily News According to zerohedge data, the Central Bank of Japan holds 52% of Japanese government bonds, the highest level since 1987. The Central Bank of Japan dominates the Japanese government bond market, and its monetary policy operations have a huge impact on the market.

Jin10 Data May 20 News, on May 20, Tencent officially launched the Hongyuan Game Visual Generation Platform, which is the first industrial-grade AIGC game content production engine built on the Hongyuan large model, significantly optimizing game asset generation and game production processes. It aims at industrial-grade content production for games, providing a series of AI tools for game art designers, helping game design manufacturers quickly generate high-quality game materials/concept drafts that meet creative intentions, greatly enhancing the efficiency of game art design by dozens of times. Currently, the "Hongyuan Game" offers an experience portal through the Tencent Hongyuan official website, open for applications from game industry designers.

Gate News bot news, according to SoSoValue data, on May 19 Eastern Time, the Ethereum Spot ETF market showed a comprehensive rise. All nine ETF products recorded net inflows, with Blackrock's ETHA performing the most outstanding, achieving a single-day net inflow of 13.6611 million USD. The data also shows that the historical cumulative net inflow of ETHA has reached 4.277 billion USD. Source: Wu Says

Odaily News on-chain data platform Santiment released a report stating that the supply of ETH on exchanges has dropped to 4.9% of its total supply for the first time, marking a new low in its 10-year history; the supply of BTC on exchanges has fallen to 7.1%, the lowest level since November 2018. The data shows that over the past 5 years, the BTC on exchanges has decreased by 1.7 million coins and ETH has decreased by 15.3 million coins.

Jin10 reported on May 20 that, according to Palestinian media today (May 20), multiple locations in the Gaza Strip have been attacked by the Israeli military since the early hours of the 19th, resulting in 126 deaths. The report states that the targets of the Israeli military strikes include residential buildings in Deir al-Balah in central Gaza, a gas station west of the Nuseirat refugee camp, and schools in central Gaza City.

Odaily News According to Lookonchain monitoring, a certain Whale spent 1.8 million dollars over four days to invest in more than 30 altcoins, and has currently realized an unrealized profit of over 100,000 dollars. Its main holdings include LAUNCHCOIN worth 484,600 dollars, COLLAT worth 265,300 dollars, WIDI worth 124,500 dollars, BUIDL worth 99,800 dollars, and FITCOIN worth 85,800 dollars.

Jin10 data reported on May 20, senior economist Lynda Bourke from Queensland Investment Company expects the Reserve Bank of Australia to cut interest rates by 25 basis points this time, and there will be two more rate cuts this year. The Australian economy will continue to be below trend levels, and inflation will face further downward pressure, which means that monetary policy needs to be expansionary.

SEC Commissioner Caroline A. Crenshaw warned that the current regulatory environment may repeat the regulatory failures before the financial crisis, pointing out that regulatory laxity, enforcement retreat, and staff turnover undermine the market's foundation. She called for a renewed focus on the integrity of the SEC's framework to avoid future risks.

The market capitalization of the Solana on-chain Meme Token GOONC has rebounded to 28 million USD, with a 24-hour trading volume of 6.1 million USD and a rise of 47.88%. Released by KOL Pata van Goon on the meme issuance platform X. Investors should exercise caution, as Meme coins often have no real use cases and exhibit high price fluctuations.

Jin10 data reported on May 20 that TD Securities expects the Reserve Bank of Australia to cut interest rates by 25 basis points in today's policy meeting, lowering the cash rate to 3.85%. TD Securities pointed out that recent inflation and labor market data are broadly in line with the Reserve Bank of Australia's forecasts from February, providing ample reason for a shift to a more accommodative stance. While attention will be focused on the interest rate decision, TD Securities stated that comments from the Reserve Bank of Australia regarding global tariff risks will be key. "We believe the GDP forecast may be slightly downgraded, but we are skeptical about whether there will be significant changes to the CPI forecast."

ChainCatcher news, Usual stablecoin USD0 launches DeFi protocol Fluid, and simultaneously introduces USD0/USDC pool.

PANews May 20 news, according to Onchain Lens, a Whale deposited $3.88 million USDC into the HyperLiquid platform and opened a 25x leverage Ethereum short position.

As of May 20, the ETF market performed strongly, with a total transaction volume exceeding 100 billion yuan, mainly distributed among equity, bond, and QDII types. Among non-money market ETFs, the Hong Kong Innovative Drug ETF, Hang Seng Technology ETF, and Hang Seng Technology Index ETF had the highest transaction volumes, at 2.534 billion yuan, 2.185 billion yuan, and 2.140 billion yuan, respectively.

Gate News bot, recently, the MEME coin $LABUBU has become the focus of market attention due to the strong debut of Labubu's third-generation slush plush new product series, KOL boost, and the soaring popularity of Southeast Asian IP. According to the GMGN market, the market value of $LABUBU jumped from hundreds of thousands of dollars to $18 million in the past week, soaring dozens of times, with a 24-hour trading volume of $9.5 million. Holderscan data shows that since May 14, the number of coin-holding addresses has continued to climb, and user engagement and market enthusiasm have risen rapidly. Labubu was originally a popular trendy toy IP under Bubble Mart, which has attracted phenomenal attention in Southeast Asian countries in recent years. According to Pop Mart's 2024 interim financial report, its overseas revenue reached 1.35 billion yuan, a year-on-year increase of 259.6%, of which the Southeast Asian market contributed 560 million yuan, accounting for more than 40%. Labubu's high popularity has driven the hype of related MEME coins, and celebrities such as Blackpink Lisa and Thai princess have continued to ferment, and Labubu has been awarded the title of "Magical Thai Experience Officer". It is worth noting that \$LABUBU is not an official issuance, but as early as November 2024, the market value of the MEME sector has exceeded $20 million, and it is Labubu IP in the crypto market

PANews May 20 news, according to SoSoValue data, today's crypto market most zones are pumping, ETH rebounds and rises 4.27% to above 2500 USD, BTC rises to 106,000 USD. The Decentralized Finance zone rises 2.34%, CRV and AAVE rise 6.75% and 17.19% respectively; the RWA zone rises 1.29%, MKR and PENDLE rise 4.21% and 7.51% respectively; CeFi, Layer1, Meme, Layer2, and PayFi zones also have varying degrees of rise.

According to Gate News bot, as reported by Wu, GoPlus Security has issued a security warning regarding a malicious EIP-7702 authorization address 0x930f...0d0b that is automatically redirecting ETH from users to a scam Wallet (0x0000...bad). The malicious address disguises itself as a legitimate Delegator to lure users into granting authorization when they activate their smart account, subsequently executing fund theft. Currently, over 10,000 addresses are using EIP-7702 smart accounts. GoPlus Security officially advises users to authorize only through the official Wallet application, avoiding clicking on external links or "upgrade" operations in emails. Source: Wu Says

Succinct has launched a Prover network based on Ethereum, aimed at establishing a decentralized zk-SNARKs market. The network uses PROVE Token for payment and incentivizing provers, while employing a hybrid architecture to achieve efficient request processing and verifiable network status. A Testnet Stage 2.5 version is planned to provide an end-to-end service process experience.

PANews May 20 news, according to Ai Yi monitoring, the Whale bought 2,767 ETH again during the market Rebound on May 20, spending 6.98 million dollars, with an average price of 2,522.74 dollars, and currently has unrealized gains of about 78,000 dollars. This Whale previously made a profit of 1.47 million dollars through decisive swing trading within 19 days, with a straightforward and efficient trading style.

U.S. Senator Cynthia Lummis believes that digital assets represent the future and supports the stablecoin legislation "GENIUS Act," which aims to regulate stablecoin issuance. The Democrats originally obstructed this bill, but now many have changed their stance to promote its progress. The bill still requires coordination between the House and Senate and awaits the President's signature to become law.

According to BlockBeats news on May 20, based on Alternative data, today's Crypto Assets Fear and Greed Index is 71 (down from 74 yesterday), indicating a cooling of market "greed" sentiment. Note: The panic index threshold is 0-100 and includes indicators: Fluctuation (25%) + market volume (25%) + social media popularity (15%) + market surveys (15%) + Bitcoin's proportion in the overall market (10%) + Google Trends analysis (10%).

Jin10 Data May 20th news, South Korea and the United States will hold the second round of technical consultations on the U.S. equivalent tariff measures in Washington this week. The three-day meeting will start on Tuesday (U.S. time). Both sides are working to reach a "package" trade agreement, aiming to conclude it by early July. The talks will cover six key issues: trade imbalance, non-tariff barriers, economic security, digital trade, rules of origin, and business factors. This is another round of consultations following the first practical discussions held on May 1.

According to Gate News bot, analyst @Naveen_0505 conducted an in-depth analysis of the Bots manipulation behind the Pump Fun Token. The research shows that these Bots systems are specifically designed to artificially increase volume and create false rise trends. Data shows that in some Pump Fun tokens, 60%-80% of the volume comes from Bots rather than real trades. These Bots not only create high-frequency trading records but also generate a large amount of dollar volume. Bots attract traders by simulating trading activities, and then push up short-term prices. Naveen stated in the analysis: "While it may provide liquidity for real participants, it harms market health in the long term by creating false signals." He also reminded that special attention should be paid when new Meme Tokens exhibit abnormal volume. Source: Wu Says

Jin10 data May 20 news, the U.S. Senate voted on Monday to advance landmark encryption legislation, with 16 Democrats standing alongside most Republicans on a key procedural motion, which could lay the groundwork for the Senate to pass its first crypto regulation reform. The Senate continued to advance the bill with a vote of 66 in favor and 32 against. Previously, there were a series of bipartisan negotiations, in which Republicans agreed to a series of amendments to gain enough support from Democrats to meet the 60-vote threshold required to pass the bill.

BlockBeats news, on May 20, according to Cointelegraph, crypto assets analyst Bluntz pointed out that a bearish divergence has appeared on the Bitcoin daily chart, which may weaken the hope of Bitcoin reaching a new all-time high this week. A bearish divergence refers to the price continuously making new highs, but the Relative Strength Index (RSI) shows higher lows, indicating that as the price surges, buying pressure begins to weaken.

Odaily News According to Onchain Lens monitoring, a Whale spent 525 ETH and 194,000 AE, worth about $1.416 million, to purchase 1.85 million KT. Currently, the Address holds 2.54 million KT, worth about $2.06 million.

Camp Network and SOON have reached a strategic partnership to launch the SVM chain based on SOON Stack. This collaboration will provide support for Camp Network's AI agents with high throughput, low latency execution, and composability, helping to realize next-generation IP ownership based on traceability, content remixing, and large-scale monetization. This partnership marks an important step for both teams in providing support for creators' own AI infrastructure and on-chain applications.

On May 20, Jin10 reported that on the 19th local time, the eighth "Choose France" summit was held in Paris, attended by more than 200 business leaders from around the world. The summit's hot topics focused on investments in technology fields such as artificial intelligence and the issues of digital sovereignty in France and Europe. French President Macron announced at the summit that France would receive over 20 billion euros in investments this year, which will involve fields such as artificial intelligence and communications. Macron also emphasized that Europe needs to increase investments in artificial intelligence, green technology, defense, and security.

According to BlockBeats news on May 20, the cryptocurrency bill has passed a significant procedural hurdle in the U.S. Senate after experiencing a deadlock. Key figures from the Senate Democratic Party have terminated the obstruction of cryptocurrency legislation, but the final vote on the Senate GENIUS stablecoin bill may take several weeks. (Jin10)

Golden Finance reports that the market shows SOL breaking through $170, currently at $170.01, with a 24-hour rise of 0.9%. The market fluctuation is significant, please ensure risk control.

According to Golden Finance reports, Trader T monitored that the net inflow of the US Spot Bitcoin ETF yesterday was $666.54 million.

According to ChainCatcher news reported by CoinDesk, the recent downgrade of the US government bond rating by Moody's caused a brief market fluctuation, but analysts believe the long-term impact is limited. Digital asset investment firm 21Shares predicts in its latest report that, driven by factors such as continuous inflow of institutional funds, supply tightening, and improvement in the macro economy, the price of BTC is expected to reach $138,500 within 2025, an increase of about 35% from the current price.

Odaily News According to Eleanor Terrett, the GENIUS bill support vote ended with the bill passing 66 to 32.

According to Gate News bot, crypto journalist Eleanor Terrett reported that the U.S. Senate voted on the "cloture motion" for the GENIUS Act. The voting results showed that at least 15 Democratic lawmakers, including Cortez Masto, Adam Schiff, and Mark Warner, voted in favor. Although minority leader Schumer voted against it, the motion still passed. The GENIUS Act has now entered the comprehensive review stage. Source: Wu Says