Solana ecosystem ticketing platform XP raises $6.2 million in funding, led by Blockchange

May 16th. As per Red Star News, on May 15th, the Public Security Bureau of Sichuan Province in China publicly disclosed 10 typical cases of economic crimes. One of these cases is the "2?6" illegal operation (foreign exchange) case. Since August 2021, Fan, He, Chen and others in Chengdu successively established studios and technology consulting companies. They used social networking software to conduct targeted customer diversion. They colluded with domestic agents of overseas currency exchange institutions and provided RMB cross-border illegal remittance services through methods such as overseas gift card cashout and virtual currency wash trading. The total amount involved exceeded 3.9 billion RMB. The case successfully arrested 21 criminal suspects and is scheduled to complete the investigation by December 2024 and transfer it for review and prosecution.

On May 16th, the renowned semiconductor analyst Dylan Patel declared that the United States has signed two landmark agreements with the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA), which will bring about a significant shift in the power balance. These agreements will exert a profound influence on the economy, geopolitics, and national security, and will consolidate the U.S.'s leadership in the field of artificial intelligence. Dylan Patel holds the view that these agreements are transformative, elevating the accessibility of the U.S. artificial intelligence infrastructure to a new height and addressing bottlenecks such as power. All U.S. infrastructure suppliers will reap benefits, ranging from GPU manufacturers to artificial intelligence labs, and to cloud computing, and so on. Dylan Patel's aforementioned viewpoints were retweeted by White House Cryptocurrency and Artificial Intelligence Czar David Sacks. In previous news, U.S. President Trump finalized a $200

On May 16th, based on a preview image provided by the Abstract Chain developer @0xCygaar, it is possible that Abstract will be launching an official cross-chain bridge.

On May 16th, as reported by Cryptopolitan, Solana reached a record daily revenue of $7.9 million on May 13th, outperforming the combined total of all first-layer and second-layer blockchains. The data indicates that Solana's revenue on that particular day was three times that of Ethereum, eleven times that of Bitcoin, and thirty-five times that of Base.

On May 16th, based on Believe Screener data, the total market capitalization of the tokens in the Believe ecosystem has declined. It currently stands at $3.06 billion. The platform has generated 15,873 tokens, with a total trading volume of $21.16 billion. It is worth noting that the 24-hour trading volume of the platform is $4.09 billion, which shows a significant contraction compared to the previous days.

On May 16th, Japan has sent a signal indicating its preparedness to negotiate a more favorable deal with US President Donald Trump on trade tariffs instead of taking the risk of a domestic political backlash in order to reach an agreement. Japan is keen to avoid any deterioration in its relationship with Washington. Japanese Prime Minister Shinzo Abe initially gave priority to being the first to reach the US negotiating table ahead of other countries. However, officials and analysts state that the demands from business leaders and members of Abe's Liberal Democratic Party to reject any agreement that poses a threat to the automotive industry or endangers domestic farmers have compelled him to reassess. "While Japan was extremely eager to be the first country to negotiate with Washington on tariff matters, this sense of urgency has now changed, and the focus is on ensuring that Japan secures a good deal," a Japanese official said. Officials mention that it is now improbable that an agr