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On May 4, stablecoin financial services platform UnblockPay announced the completion of a $4.5 million seed round financing, led by Prelude, with participation from Plug and Play, Wintermute, Reverie, Signature Ventures, Triaxis Capital, Crescera Capital, and several angel investors. The new funding will support the development of regulated financial products to help businesses integrate stablecoins into their financial operations and facilitate seamless exchanges between fiat currencies and mainstream stablecoins like USDC and USDT.

[UnblockPay Completes $4.5 Million Seed Round Financing with Participation from Wintermute]On May 4, stablecoin financial services platform UnblockPay announced the completion of a $4.5 million seed round financing, led by Prelude, with participation from Plug and Play, Wintermute, Reverie, Signature Ventures, Triaxis Capital, Crescera Capital, and several angel investors. The new funding will support the development of regulated financial products to help businesses integrate stablecoins into their financial operations and facilitate seamless exchanges between fiat currencies and mainstream stablecoins like USDC and USDT.

UnblockPay Completes $4.5 Million Seed Round Financing with Participation from Wintermute

On May 4th, Memento Research released data showing that the monthly spending on crypto payment cards has risen to $600 million, a sixfold increase compared to a year ago. The total on-chain transaction volume has reached $7.2 billion, with 24 million transactions completed involving 1.36 million wallet addresses. Key points include: 1. 62.5% of transactions were settled using Tether (USDT), indicating that stablecoins are gradually becoming the underlying infrastructure for consumer payments; 2. Approximately 90% of transactions were completed through the Visa network; 3. On-chain data also reveals that the Solana ecosystem contributed around $348 million in transaction volume, while Jupiter's Jupiter Global saw a month-over-month growth of 660%, offering cashback incentives ranging from 4% to 10%.

[Data: Monthly Spending on Crypto Cards Reaches $600 Million, USDT Accounts for 62.5%]On May 4th, Memento Research released data showing that the monthly spending on crypto payment cards has risen to $600 million, a sixfold increase compared to a year ago. The total on-chain transaction volume has reached $7.2 billion, with 24 million transactions completed involving 1.36 million wallet addresses. Key points include: 1. 62.5% of transactions were settled using Tether (USDT), indicating that stablecoins are gradually becoming the underlying infrastructure for consumer payments; 2. Approximately 90% of transactions were completed through the Visa network; 3. On-chain data also reveals that the Solana ecosystem contributed around $348 million in transaction volume, while Jupiter's Jupiter Global saw a month-over-month growth of 660%, offering cashback incentives ranging from 4% to 10%.

Data: Monthly Spending on Crypto Cards Reaches $600 Million, USDT Accounts for 62.5%

On May 4, billionaire Jack Dorsey's cryptocurrency financial application Cash App officially launched its Bitcoin reserve proof feature this week, allowing over 60 million users to verify that their Bitcoin holdings on the platform are fully backed at a 1:1 ratio. The market views this move as an important step towards transparency, user trust, and self-custody standards in the cryptocurrency industry, and it is seen as a positive signal for the long-term healthy development of the sector.

[Cash App Launches Bitcoin Reserve Proof Feature]On May 4, billionaire Jack Dorsey's cryptocurrency financial application Cash App officially launched its Bitcoin reserve proof feature this week, allowing over 60 million users to verify that their Bitcoin holdings on the platform are fully backed at a 1:1 ratio. The market views this move as an important step towards transparency, user trust, and self-custody standards in the cryptocurrency industry, and it is seen as a positive signal for the long-term healthy development of the sector.

Cash App Launches Bitcoin Reserve Proof Feature

On May 4, the Iraqi border port management department announced that 70 tankers loaded with crude oil entered Syria through the Rabia border crossing on the same day. This marks the resumption of this land oil transport route for Iraq after 13 years. The Rabia crossing, located in Iraq's northwestern Nineveh province, had been closed for a long time since the outbreak of the Syrian civil war in 2011 and was just reopened in April this year. The crossing is not far from the oil fields in northern Iraq, including Mosul and Kirkuk.

[Iraq Resumes Oil Exports via Syria Amid Strait of Hormuz Blockage]On May 4, the Iraqi border port management department announced that 70 tankers loaded with crude oil entered Syria through the Rabia border crossing on the same day. This marks the resumption of this land oil transport route for Iraq after 13 years. The Rabia crossing, located in Iraq's northwestern Nineveh province, had been closed for a long time since the outbreak of the Syrian civil war in 2011 and was just reopened in April this year. The crossing is not far from the oil fields in northern Iraq, including Mosul and Kirkuk.

Iraq Resumes Oil Exports via Syria Amid Strait of Hormuz Blockage

On May 4, the Ethereum Foundation published a summary of the Soldøgn Interop work, stating that the key goals of the Glamsterdam upgrade have been largely achieved. This includes reaching a consensus on the 200 million Gas Limit minimum after the upgrade, ensuring stable operation of the ePBS external Builder process, and finalizing the EIP-8037 Gas repricing parameters. The focus of the Glamsterdam upgrade is to enhance security by raising the Gas Limit to expand Ethereum's throughput capacity, while EIP-8037 aims to prevent state bloat caused by high Gas Limits by increasing the cost of state creation. The Ethereum Foundation also noted that most clients have completed stable operation on glamsterdam-devnet-2 and successfully tested the entire external Builder process. Additionally, substantial progress has been made on FOCIL, native account abstraction, and functionalities related to the Hegotá upgrade. In the coming weeks, core developers will continue to advance client hardening, testing, and code merging, with final parameters to be publicly confirmed at the AllCoreDevs meeting.

[Ethereum Foundation: Key Goals of Glamsterdam Upgrade Nearly Achieved, Consensus Reached on 200 Million Gas Limit Minimum]On May 4, the Ethereum Foundation published a summary of the Soldøgn Interop work, stating that the key goals of the Glamsterdam upgrade have been largely achieved. This includes reaching a consensus on the 200 million Gas Limit minimum after the upgrade, ensuring stable operation of the ePBS external Builder process, and finalizing the EIP-8037 Gas repricing parameters. The focus of the Glamsterdam upgrade is to enhance security by raising the Gas Limit to expand Ethereum's throughput capacity, while EIP-8037 aims to prevent state bloat caused by high Gas Limits by increasing the cost of state creation. The Ethereum Foundation also noted that most clients have completed stable operation on glamsterdam-devnet-2 and successfully tested the entire external Builder process. Additionally, substantial progress has been made on FOCIL, native account abstraction, and functionalities related to the Hegotá upgrade. In the coming weeks, core developers will continue to advance client hardening, testing, and code merging, with final parameters to be publicly confirmed at the AllCoreDevs meeting.

Ethereum Foundation: Key Goals of Glamsterdam Upgrade Nearly Achieved, Consensus Reached on 200 Million Gas Limit Minimum

On May 4th, Wasabi Protocol released a security incident update on platform X, stating that users can now safely interact with contracts to withdraw remaining funds. The team indicated that they are working diligently behind the scenes to address the situation, but due to the ongoing investigation, they are unable to disclose further details at this time. They will provide the community with updates as soon as conditions permit.

[Wasabi Protocol: Users Can Now Safely Interact with Contracts and Withdraw Remaining Funds]On May 4th, Wasabi Protocol released a security incident update on platform X, stating that users can now safely interact with contracts to withdraw remaining funds. The team indicated that they are working diligently behind the scenes to address the situation, but due to the ongoing investigation, they are unable to disclose further details at this time. They will provide the community with updates as soon as conditions permit.

Wasabi Protocol: Users Can Now Safely Interact with Contracts and Withdraw Remaining Funds

CHR fluctuated by 119.55% within 24 hours, current price $0.027291

【CHR fluctuated over 50% in 24 hours!】CHR fluctuated by 119.55% within 24 hours, current price $0.027291

CHR fluctuated over 50% in 24 hours!

On May 4, Barry Silbert, founder of Digital Currency Group (DCG), the parent company of Grayscale, stated on the X platform that in 2015, the market was not yet aware of the $2 trillion demand for decentralized digital value storage tools like Bitcoin. At that time, the industry generally believed that Bitcoin itself was sufficiently private and could serve as a relatively discreet global value storage and transfer tool. However, as market awareness has increased, the demand for privacy has become more clearly recognized. Consequently, privacy coins like Zcash will benefit from this 'prophet advantage'.

[DCG Founder: BTC Validates Trillion-Dollar Demand, Privacy Coins Like Zcash to Benefit from 'Prophet Advantage']On May 4, Barry Silbert, founder of Digital Currency Group (DCG), the parent company of Grayscale, stated on the X platform that in 2015, the market was not yet aware of the $2 trillion demand for decentralized digital value storage tools like Bitcoin. At that time, the industry generally believed that Bitcoin itself was sufficiently private and could serve as a relatively discreet global value storage and transfer tool. However, as market awareness has increased, the demand for privacy has become more clearly recognized. Consequently, privacy coins like Zcash will benefit from this 'prophet advantage'.

DCG Founder: BTC Validates Trillion-Dollar Demand, Privacy Coins Like Zcash to Benefit from 'Prophet Advantage'

On May 4, according to Iranian state media, a spokesperson for Iran's Foreign Ministry stated that the U.S. has responded to Iran's 14-point plan through Pakistan, saying, 'We are currently studying the response.' (Dongxin News Agency)

[Iran's Foreign Ministry: U.S. Has Responded, Currently Under Evaluation]On May 4, according to Iranian state media, a spokesperson for Iran's Foreign Ministry stated that the U.S. has responded to Iran's 14-point plan through Pakistan, saying, 'We are currently studying the response.' (Dongxin News Agency)

Iran's Foreign Ministry: U.S. Has Responded, Currently Under Evaluation

The U.S. Senate has released the compromise text of the CLARITY Act, which prohibits the use of stablecoin earnings in reserves while retaining activity-based rewards. This submission to the banking committee clears the way after months of negotiations between cryptocurrency companies and bank lobbyists.

[U.S. Senate Releases Compromise Text of CLARITY Act, Prohibiting Use of Stablecoin Earnings in Reserves]The U.S. Senate has released the compromise text of the CLARITY Act, which prohibits the use of stablecoin earnings in reserves while retaining activity-based rewards. This submission to the banking committee clears the way after months of negotiations between cryptocurrency companies and bank lobbyists.

U.S. Senate Releases Compromise Text of CLARITY Act, Prohibiting Use of Stablecoin Earnings in Reserves

Clause de non-responsabilité：Le contenu ci-dessus ne représente pas les positions de HTX.，HTX ne fournit pas de recommandations de trading.。

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