10 #Bitcoin ETFs outflows 2,152 $BTC(-$201.21M) and 9 #Ethereum ETFs outflows 45,684 $ETH(-$148.11M) yesterday.

**US Senator Elizabeth Warren Urges Meta to Disclose Stablecoin Plans** On May 9, U.S. Senator Elizabeth Warren wrote to Meta CEO Mark Zuckerberg, asking the company to share its latest stablecoin plans and raising concerns over its recent push to integrate stablecoin payments. Warren called Meta’s stablecoin project transparency “deeply troubling,” especially given its past rollout of the Libra (later rebranded Diem) global stablecoin initiative—an effort that sparked widespread regulatory controversy. She argued Meta’s new payment and financial service moves should face close scrutiny. Warren has requested Meta provide details of its stablecoin pilot program by May 20, including the launch timeline, participating third-party stablecoins, and associated privacy and risk mitigation measures. Meta reportedly tested USDC-based stablecoin payment features with select content creators in the Philippines and Colombia in April. Meanwhile, the U.S. Senate Banking Committee—where W

May 9 — CCTV News reports that local officials in Iran’s Hormozgan Province announced on May 8 (local time) that the U.S. military attacked a civilian vessel at the Port of Minab on May 7, setting the ship ablaze. The incident killed one person, injured 10 others, and left four missing. The Wall Street Journal (WSJ) notes that no commercial vessels have transited the Strait of Hormuz for three consecutive days.

On May 9, Intel (INTC.O) extended its gains to 15% per Bitget market data, hitting a new all-time high.

As of May 9, CME FedWatch data shows a 5.9% probability the Federal Reserve will cut interest rates by 25 basis points at its June meeting, with a 94.1% likelihood of no rate change.

On May 9, Coinglass data shows Bitcoin dropped below the $80k mark, with current funding rates across major centralized (CEX) and decentralized (DEX) exchanges reflecting bearish market sentiment. Specific funding rates are displayed in the attached chart. ### BlockBeats Note A funding rate is a fee set by crypto exchanges to keep contract prices aligned with underlying asset values, typically applicable to perpetual contracts. It’s a funding exchange mechanism between long and short traders—**the trading platform does not charge this fee**. It adjusts the costs or profits of contract holders to ensure contract prices stay close to underlying asset prices. ### Key Funding Rate Context - A 0.01% rate marks the baseline. - Rates above 0.01% signal a broadly bullish market. - Rates below 0.005% point to a broadly bearish market.