If Bitcoin breaks $104,000, mainstream CEX total short liquidation volume will reach $646 million

On May 9th, EigenLayer is on the verge of introducing a Redistribution mechanism. AVS (Active Validation Service) will be able to reallocate penalized funds instead of simply destroying them, thus opening up new possibilities for verifiable services. This "optional upgrade" will bring a more flexible penalty mechanism and offer a better incentive structure for all participants.

On May 9th, the founder of Telegram, Du Rove, announced on his personal channel that the Telegram Gift Marketplace has been launched. This enables users to purchase gifts from other users instantly or sell their own gifts on the platform.

On May 9th, as per Bloomberg, a coalition of Democratic senators in the US (including Senator Chris Van Hollen from Maryland and Senator Elizabeth Warren from Massachusetts) dispatched a joint letter to the Secretary of the Treasury and the Attorney General, seeking an investigation into the linkage between Binance and the Trump family's digital asset project. The letter pointed out that the Abu Dhabi investment firm MXG completed a $1 billion investment in Binance in March through a USD-backed stablecoin under the control of the Trump family, giving rise to concerns regarding compliance risks. In 2023, Binance pleaded guilty to violating anti-money laundering regulations, and CZ has been incarcerated for four months. On May 9th, the Democratic senators just invoked the "Preventing Current Government Officials from Profiting from Crypto Projects" clause to temporarily postpone the passage of the "Stablecoin Act." The joint letter requested the Treasury and Justice Departments to offer

On May 9th, the Federal Reserve of Boston indicated that it is not advisable to adjust policies in the face of growing uncertainties. (Gold10)

On May 9th, Metis announced that the next stage of the Metis L2 evolution is set to launch on May 14th. It will commence the Andromeda upgrade, which is the first phase of the Metis ReGenesis evolution. This upgrade brings two revolutionary innovations: a fraud-proof mechanism and the migration of data availability to the Ethereum mainnet. When combined with Metis's already deployed decentralized sequencer, these updates will make Andromeda the first truly fully decentralized Layer 2 network.

Update: On May 9th, based on CME's "FedWatch" data, the likelihood of a 25-basis-point rate cut by the Fed in June is 17.1%, and the probability of no change is 82.9%.