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On May 8, on-chain data shows that stablecoin issuer Circle has just minted 250 million USDC on Solana.

[Circle Mints 250 Million USDC on Solana]On May 8, on-chain data shows that stablecoin issuer Circle has just minted 250 million USDC on Solana.

Circle Mints 250 Million USDC on Solana

On May 8, Federal Reserve Governor Mulan stated, 'I believe that rate cuts are appropriate.' The Federal Reserve's policies have suppressed the job market. (Jinshi)

[Federal Reserve Governor Mulan: I Believe Rate Cuts Are Appropriate]On May 8, Federal Reserve Governor Mulan stated, 'I believe that rate cuts are appropriate.' The Federal Reserve's policies have suppressed the job market. (Jinshi)

Federal Reserve Governor Mulan: I Believe Rate Cuts Are Appropriate

On May 8, according to CCTV News, Iran's Foreign Minister stated that the country's current missile stockpile and launch capability have increased by 20% compared to February 28.

[Iran's Foreign Minister: Current Missile Stockpile and Launch Capability Increased by 20% Since February 28]On May 8, according to CCTV News, Iran's Foreign Minister stated that the country's current missile stockpile and launch capability have increased by 20% compared to February 28.

Iran's Foreign Minister: Current Missile Stockpile and Launch Capability Increased by 20% Since February 28

On May 8, Iranian state media reported that the Iranian Foreign Ministry condemned the U.S. Navy's actions against two Iranian tankers, describing them as acts of aggression and a violation of the ceasefire agreement.

[Iran's Foreign Ministry Condemns U.S. Navy Actions Against Two Iranian Tankers]On May 8, Iranian state media reported that the Iranian Foreign Ministry condemned the U.S. Navy's actions against two Iranian tankers, describing them as acts of aggression and a violation of the ceasefire agreement.

Iran's Foreign Ministry Condemns U.S. Navy Actions Against Two Iranian Tankers

On May 8, Iranian Foreign Minister Amir-Abdollahian stated that whenever diplomatic solutions are presented, the United States always opts for reckless military adventures. (Jinshi)

[Iran: The U.S. Always Chooses Reckless Military Adventures When Diplomatic Solutions Are on the Table]On May 8, Iranian Foreign Minister Amir-Abdollahian stated that whenever diplomatic solutions are presented, the United States always opts for reckless military adventures. (Jinshi)

Iran: The U.S. Always Chooses Reckless Military Adventures When Diplomatic Solutions Are on the Table

On May 8, Mantle token holders approved a credit line of up to 30,000 ETH (approximately $68 million) to Aave DAO through the MIP-34 proposal. This move aims to help address potential bad debt issues arising from the rsETH attack incident in April, which is estimated to have caused bad debts between $123.7 million and $230.1 million for Aave V3. The proposal was passed in a seven-day Snapshot vote, authorizing the Mantle Foundation to negotiate and execute the final loan agreement with Aave DAO. The final implementation of this credit line is contingent upon Aave executing its recovery plan and finalizing specific terms. A report from Galaxy Research noted that the rsETH attack had put Aave's WETH market under sustained pressure, with utilization rates exceeding 99% for 12.7 consecutive days. As of May 8, the utilization rate of Aave's Ethereum V3 WETH market has decreased to approximately 91.6%, indicating some relief in market pressure.

[Mantle Token Holders Approve $30 Million Credit Line to Aave to Address rsETH Attack]On May 8, Mantle token holders approved a credit line of up to 30,000 ETH (approximately $68 million) to Aave DAO through the MIP-34 proposal. This move aims to help address potential bad debt issues arising from the rsETH attack incident in April, which is estimated to have caused bad debts between $123.7 million and $230.1 million for Aave V3. The proposal was passed in a seven-day Snapshot vote, authorizing the Mantle Foundation to negotiate and execute the final loan agreement with Aave DAO. The final implementation of this credit line is contingent upon Aave executing its recovery plan and finalizing specific terms. A report from Galaxy Research noted that the rsETH attack had put Aave's WETH market under sustained pressure, with utilization rates exceeding 99% for 12.7 consecutive days. As of May 8, the utilization rate of Aave's Ethereum V3 WETH market has decreased to approximately 91.6%, indicating some relief in market pressure.

Mantle Token Holders Approve $30 Million Credit Line to Aave to Address rsETH Attack

FORTH fluctuated by 61.23% within 24 hours, current price $0.2599

【FORTH fluctuated over 50% in 24 hours!】FORTH fluctuated by 61.23% within 24 hours, current price $0.2599

FORTH fluctuated over 50% in 24 hours!

On May 8, Mantle token holders approved a credit line of up to 30,000 ETH (approximately $68 million) to Aave DAO through the MIP-34 proposal. This move aims to help address potential bad debt issues arising from the rsETH attack incident in April, which is estimated to have caused bad debts between $123.7 million and $230.1 million for Aave V3.

[Mantle Token Holders Approve $68 Million Credit Line to Aave to Address rsETH Attack]On May 8, Mantle token holders approved a credit line of up to 30,000 ETH (approximately $68 million) to Aave DAO through the MIP-34 proposal. This move aims to help address potential bad debt issues arising from the rsETH attack incident in April, which is estimated to have caused bad debts between $123.7 million and $230.1 million for Aave V3.

Mantle Token Holders Approve $68 Million Credit Line to Aave to Address rsETH Attack

According to Beating Monitoring, China's first dual-core atomic quantum computer, developed by a team led by the Chinese Academy of Sciences in collaboration with Wuhan University, Huazhong University of Science and Technology, and the Wuhan Quantum Technology Research Institute, has been officially released. This quantum computer upgrades the quantum processor from 'single-core' to 'dual-core' for the first time, providing crucial support for the autonomy of high-end computing power. Named 'Han Yuan No. 2', this supercomputer does not contain traditional chips; instead, it uses a precise optical system to control 200 atoms for computation. Technicians explained that these 200 atoms function like 200 super brains, organized into two arrays to form a dual-core architecture, with one array dedicated to computation and the other for real-time error correction, effectively doubling efficiency. Compared to 'Han Yuan No. 1' released two years ago, 'Han Yuan No. 2' has improved the accuracy of atomic operations from 90% to 99%, and the stable survival time of atoms has increased from 20 seconds to over 100 seconds. Meanwhile, its total power consumption is less than 7 kilowatts, eliminating the need for a cryogenic cooling system, allowing it to operate stably in a regular laboratory environment.

[China's First Dual-Core Atomic Quantum Computer Successfully Developed]According to Beating Monitoring, China's first dual-core atomic quantum computer, developed by a team led by the Chinese Academy of Sciences in collaboration with Wuhan University, Huazhong University of Science and Technology, and the Wuhan Quantum Technology Research Institute, has been officially released. This quantum computer upgrades the quantum processor from 'single-core' to 'dual-core' for the first time, providing crucial support for the autonomy of high-end computing power. Named 'Han Yuan No. 2', this supercomputer does not contain traditional chips; instead, it uses a precise optical system to control 200 atoms for computation. Technicians explained that these 200 atoms function like 200 super brains, organized into two arrays to form a dual-core architecture, with one array dedicated to computation and the other for real-time error correction, effectively doubling efficiency. Compared to 'Han Yuan No. 1' released two years ago, 'Han Yuan No. 2' has improved the accuracy of atomic operations from 90% to 99%, and the stable survival time of atoms has increased from 20 seconds to over 100 seconds. Meanwhile, its total power consumption is less than 7 kilowatts, eliminating the need for a cryogenic cooling system, allowing it to operate stably in a regular laboratory environment.

China's First Dual-Core Atomic Quantum Computer Successfully Developed

According to Reuters, Israel’s central bank said on Thursday it was teaming up with the Hong Kong Monetary Authority and the Bank of International Settlements’ (BIS) Innovation Lab to test the feasibility of a central bank digital currency (CBDC) for retail. The test will be cyber-security secured and in the proposed model, the intermediaries will have no financial exposure from customers holding or transferring CBDC, resulting in reduced risk and costs, the Bank of Israel said. The so-called Sela project, led by the BIS Innovation Hub’s Hong Kong centre, is planned to begin in the third quarter and findings will be published by the end of the year.

Detail

【Bank of Israel, BIS, Hong Kong Monetary Authority to test retail CBDC feasibility】According to Reuters, Israel’s central bank said on Thursday it was teaming up with the Hong Kong Monetary Authority and the Bank of International Settlements’ (BIS) Innovation Lab to test the feasibility of a central bank digital currency (CBDC) for retail. The test will be cyber-security secured and in the proposed model, the intermediaries will have no financial exposure from customers holding or transferring CBDC, resulting in reduced risk and costs, the Bank of Israel said. The so-called Sela project, led by the BIS Innovation Hub’s Hong Kong centre, is planned to begin in the third quarter and findings will be published by the end of the year.

Bank of Israel, BIS, Hong Kong Monetary Authority to test retail CBDC feasibility

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ETH falls below 2300 USDT

Bank of Israel, BIS, Hong Kong Monetary Authority to test retail CBDC feasibility

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