Trump responds to questions about cryptocurrency profits: Ethereum market value exceeds Coca-Cola

Headline

▌Trump responds to questions about cryptocurrency profits, accusing Pelosi of using insider information

According to unusual_whales, when asked by reporters whether he had profited from cryptocurrency, Trump responded: "I haven't even paid attention to it. If I own shares in a company and I do well and the market goes up, I think I'm making a profit. But the real profit is people like Pelosi who use insider information."

▌The market value of Ethereum exceeds 300 billion US dollars, surpassing Coca-Cola and Alibaba to rank 39th in the global asset ranking

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $104,098, with a daily increase or decrease of +1.1%;

ETH's latest transaction price is $2,531.25, with a daily increase or decrease of +8.2%;

BNB's latest transaction price is $657.88, with a daily increase or decrease of -2.1%；

SOL's latest transaction price is 176.57 US dollars, and its intraday increase or decrease is +2.7%；

DOGE's latest transaction price is 0.2409 US dollars, and its intraday increase or decrease is +17.5%；

XPR's latest transaction price is 2.4 US dollars, and its intraday increase or decrease is +2.2%.

Policy

▌The Chairman of the U.S. SEC will deliver a keynote speech on asset tokenization on the 12th

The Chairman of the U.S. SEC Paul Atkins will deliver a keynote speech on asset tokenization on the 12th. On the same day, the U.S. SEC will hold a roundtable meeting with the theme of "Tokenization: Moving Assets Onchain: Where TradFi and DeFi Meet." Participants from the U.S. Securities and Exchange Commission include: Chairman Paul S. Atkins, Director of the Crypto Working Group Office Richard B. Gabbert, Commissioner Hester Peirce, etc. Other attendees included: Cynthia Lo Bessette (Fidelity), Eun Ah Choi (Nasdaq), Will Geyer (Invesco), etc.

Blockchain Applications

▌Decentralized payment network Wirex Pay announced its expansion to Base

Decentralized payment network Wirex Pay announced its expansion to Base, the Ethereum second-layer network developed by Coinbase, and will deploy Wirex Business functions on the Base chain to support corporate bank accounts, Visa cards, stablecoin payments and other services. In addition, Wirex Pay also plans to expand to other mainstream blockchains later this year.

▌Solana Co-founder: L1 protocol should be flexible enough so that applications will not leave

Solana Co-founder toly published an article in X stating that the underlying L1 protocol should be flexible enough to allow applications to conduct business in any way they want. If applications can differentiate in priorities and grow their business that way, they will do so. If L1 protocols hinder their growth, they will leave L1. It's that simple. Whether an idea is good or bad is irrelevant. Even preventing apps from trying bad ideas that they think might help growth can incentivize them to leave L1.

▌Vietnam launches self-developed 1Matrix blockchain to promote digital independence

, According to Coin Track Daily, Vietnam has launched an ambitious project called 1Matrix to build the country's first-layer blockchain developed independently. The project is jointly promoted by well-known institutions such as Techcombank, Techcom Securities, Masterise Group and One Mount Group, and has now cooperated with the Vietnam Blockchain Association (VBA).

Cryptocurrency

▌Cathie Wood: The recession is about to end, and Bitcoin is expected to reach $1.5 million

Ark Invest CEO Cathie Wood said the recession is about to end and Bitcoin's path to $1.5 million remains intact. Artificial intelligence is accelerating productivity and changing the game for investors.

▌BSV investors are calling for the restoration of the "abandoned growth effect" claim against Binance

BSV investors applied to restore the "loss of opportunity" claim in Binance's $13.3 billion lawsuit. In July 2024, the Competition Appeal Tribunal rejected a specific element of the organization's complaint, which argued that Binance's delisting of BSV in April 2019 resulted in a "loss of growth effect", hindering BSV's development into a "top" cryptocurrency and resulting in a loss of more than $13 billion.

▌Miller Value Partners Chief Investment Officer: Bitcoin has once again broken through the six-digit threshold and there is still a lot of room for development

Bill Miller IV, chief investment officer of Miller Value Partners, told CNBC that cryptocurrency governance is evolving rapidly. He added that Bitcoin has once again broken through the six-figure threshold and, in his opinion, “still has a lot of room to run.”

Important Economic Developments

▌Ecoinometrics: The Fed's tone turned slightly dovish for the first time since 2021

According to data compiled by Ecoinometrics, the Fed's tone turned slightly dovish for the first time since 2021. Powell stopped overemphasizing inflation and instead talked about downside risks.

▌The tokenized U.S. Treasury space has grown 71% since January 1, 2025

On May 2, the cumulative value of tokenized U.S. Treasuries reached $6.5 billion, a record high. But in just one week, that figure grew 6% to $6.89 billion and attracted about $390 million in new capital. Since January 1, 2025, the tokenized U.S. Treasury space has grown 71%, increasing its valuation from $4.03 billion to $6.89 billion today. BlackRock’s U.S. Dollar Institutional Digital Liquidity Fund (BUIDL) has received $36 million in injections since May 2, increasing its total size from $2.871 billion to $2.907 billion.

Golden Encyclopedia

▌What is General Artificial Intelligence

Unlike narrow artificial intelligence (ANI) (using artificial intelligence to solve a single problem), general artificial intelligence (AGI) refers to artificial intelligence that can understand, learn, and apply knowledge in a way that is indistinguishable from human cognition. AGI is still theoretical, but the prospect of AI being able to fully replace human input and judgment has naturally attracted widespread attention, with researchers, technologists, and academics working to turn the concept of AGI into reality.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish correct investment concepts and enhance risk awareness.