Tiger Securities launches cryptocurrency deposit and withdrawal service, supporting BTC, ETH, and other mainstream cryptocurrencies

On May 14th, the CryptoQuant analyst Oro Crypto declared that retail traders are pouring into Bitcoin. From the time when this trend became positive on April 28th until May 13th, the buying volume of retail investors has risen by +3.40%, indicating a notable resurgence of interest from small-scale investors.

On May 14th, Gnosis made an announcement regarding the acquisition of the on-chain business account platform Headquarters (HQ.xyz). This acquisition is aimed at accelerating the progress of its Gnosis 3.0 roadmap. The transaction involves an initial investment of up to $8.95 million from the GnosisDAO treasury, which was approved through a DAO vote in January. In addition, Gnosis Ltd. has committed to providing an additional $6 million in operating funds over the next two years for growth, compliance, and operational support. This brings the total acquisition investment to $14.95 million, making it one of the largest acquisitions within the Gnosis ecosystem to date. HQ.xyz will be rebranded as Gnosis HQ and will be fully integrated with Gnosis Chain, Gnosis Pay, and affiliated companies such as Safe, CoW Swap, and karpatkey, thus immersing itself into the broader Gnosis ecosystem.

On May 14th, the London Stock Exchange-listed company Vinanz Limited entered into an investment agreement with a global investment institution via the U.S. investment bank Dominari Securities. The first installment of $2 million has been received and will be utilized to expand its Bitcoin assets. There are plans for a dual listing on Nasdaq in the future. The second installment of $2 million can be withdrawn once specific conditions are met. This financing is a 12-month convertible bond with an annual interest rate of 5%.

On May 14th, the Solana-based AI Computing Power Project BAYC AI announced that its AI Power Satellite, named BAYC #7573, has been successfully launched via a rocket. This marks the official entry of the project into the satellite-based Web3 computing power network exploration stage. The satellite is equipped with an AI computing module that will provide computing power support for distributed AI training tasks. It will also incentivize community participation and governance through the BAYC AI token mechanism, exploring the form of a blockchain-based computing power network. The BAYC AI project combines MEME elements on Solana with AI technology, aiming to promote a community-driven Web3 participation model. As a highly representative symbol in this series, BAYC #7573, and its holders have repeatedly promoted innovation in AI applications. By naming the satellite BAYC#7573 AI, it symbolizes the deep involvement of the Web3 community in cutting-edge technology.

On May 14th, Federal Reserve's Bullard pointed out that certain aspects of April's inflation reflect the lagged characteristic of the data. The Fed remains in a wait-and-see stance. The current inflation trend will take a certain period to be reflected in the data. It is currently a time for the Fed to await more information and make efforts to eliminate data noise. (FXStreet)

On May 14th, Daniel Schatt, the former CEO of the bankrupted crypto lending service platform Cred, and Joseph Podulka, the former CFO, pleaded guilty in the California District Court. They admitted to intentionally misleading customers in 2020 about the company's financial condition and loan operations. As a result, customers lost up to $150 million in cryptocurrency. Judge William Alsup accepted the plea agreement. A sentencing hearing is scheduled for August 26th. At that time, the two individuals may face imprisonment of up to 72 months and 62 months respectively. Cred filed for bankruptcy in October 2020, with more than 6,000 claims from customers totaling more than $140 million.