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

Gate News bot message, according to Gate market data, the BTC_USDT price has broken through 106000 USDT, and the current price is 106237.3 USDT. The 24-hour decline is 0.32%.

Gate News bot message: The U.S. Securities and Exchange Commission (SEC) announced that Katherine Reilly will succeed the retired Deborah Jeffrey as the SEC's acting Inspector General. Reilly joined the SEC Office of the Inspector General in 2020, previously serving at the Federal Trade Commission (FTC), the United States Postal Service Office of Inspector General, and the Department of Justice, focusing on legal and oversight work. Reilly holds a law degree from the University of Texas and a Master of Laws from the University of Melbourne. Source: Wu Says

According to the Gate News bot message and data monitored by @EmberCN, trader James Wynn currently has unrealized gains of 12.46 million USD on a 40x leveraged go long position in BTC. His total Holdings size reaches 563 million USD, with a 1% fluctuation in Bitcoin price corresponding to a profit or loss change of 5.63 million USD. The latest data shows that James Wynn completed a take-profit operation of 189 BTC at a price of $105,745, approximately totaling $20 million, 40 minutes ago. The opening price of this position was $103,302, and the liquidation price was set at $97,897. Source of information: Wu Says

BlockBeats news, on May 20, according to Ember monitoring, James Wynn's 40x go long BTC Position has already generated unrealized gains of 12.46 million USD. For his 563 million USD Position, a 1% rise or fall in BTC means a fluctuation of 5.63 million USD in profit and loss. However, 40 minutes ago, he took profit on 189 BTC (approximately 20 million USD) at a price of 105,745 USD.

JPMorgan Chase CEO Jamie Dimon warned against complacency in the face of risks such as inflation, credit Interest Spread, and geopolitical issues. He noted the significant possibility of inflation and stagflation, high asset prices in the U.S., and that the credit Interest Spread does not account for the impact of an economic downturn. Despite the U.S. losing its last highest credit rating, the S&P 500 Index rebounded on Monday, and Dimon pointed out that market sentiment is complacent and needs to be heeded.

According to Gate News bot, The Block reported that Anza, an independent development studio under Solana Labs, has released a technical proposal named Alpenglow. The proposal plans to replace Solana's existing TowerBFT Consensus Mechanism and Turbine data propagation system with the Votor and Rotor systems, respectively. The technical solution shows that Votor reduces block processing time to 100-150 milliseconds by introducing parallel voting paths. Rotor, on the other hand, has improved the block propagation protocol based on Turbine, optimizing bandwidth usage by adopting a single-layer relay node structure, while also introducing an erasure code mechanism to ensure data integrity.

Solana Labs' development studio Anza announced a new underlying architecture called Alpenglow, marking a significant transformation of the Solana core protocol. This upgrade will replace Solana's existing TowerBFT attestation consensus mechanism and Proof of History Timestamp system with Votor and Rotor components, which is considered a turning point for Solana.

Golden Finance reports that U.S. Senator Bill Hagerty stated that stablecoin issuers will become the largest holders of U.S. Treasury bonds in the world.

Golden Finance reports that U.S. President Trump stated that the U.S. has not withdrawn from the Russia-Ukraine talks. Let's work together to promote the Russia-Ukraine negotiations. I just want to help; if there are no results, I will withdraw. I have certainly asked to meet with Putin. If I think Putin lacks the willingness (for talks), I will withdraw. I believe Putin has had enough; he wants to stop.

Golden Finance reported that CZ posted on the X platform stating, "Investing in Crypto Assets is risky, and not investing in Crypto Assets is also risky."

Jin10 data May 20 news, according to CME "The Federal Reserve (FED) Watch": The probability of The Federal Reserve (FED) maintaining the Intrerest Rate unchanged in June is 91.4%, while the probability of a 25 basis point rate cut is 8.6%. The probability of The Federal Reserve (FED) maintaining the Intrerest Rate unchanged in July is 66.9%, with the cumulative probability of a 25 basis point rate cut at 30.8%, and the cumulative probability of a 50 basis point rate cut at 2.3%.

Jin10 Data reported on May 20th that early this morning, Microsoft announced the Open Source Windows Subsystem for Linux - WSL. WSL is a significant feature released by Microsoft in 2016 that allows a Linux environment to run on the Windows operating system without the need for a separate Virtual Machine or dual boot. It also enables quick installation of various Linux distribution software, such as Ubuntu, Debian, Kali, etc., allowing developers to seamlessly use both Windows and Linux for project development.

Golden Finance reports that the American financial media Semafor states: The U.S. Senate may not be able to complete the encryption bill regarding stablecoins this week. Some may request amendments, some Democrats may attempt to delay the process, while Republicans hope to prioritize the repeal of regulations from the Biden era.