Layer 1 public blockchain Pharos officially launches Testnet

On May 16th, the Boston Fed of the Federal Reserve stated that due to uncertainties, a rate cut is anticipated this year. The economic growth rate for this year might be 1% or 0.5%. Economic growth is projected to decelerate, but I do not believe a recession will take place. (Xinhua Finance)

On May 16th, Trump declared that U.S. officials would shortly send letters to various countries concerning the trade agreement matter.

On May 16th, as reported by Cointelegraph, cryptocurrency analyst Apsk32 declared that Bitcoin has achieved a new high following gold. This theory is highly favored among bullish investors. Historically, Bitcoin has a tendency to rise after gold has been on an upward trend for several months. With the price of gold surging to a historical high of $3,500 per ounce, the future price trend of Bitcoin has also become more optimistic. Apsk32 mentioned the concept of the "Power Law Corridor," which measures the Bitcoin price in terms of gold ounces to reduce the impact of USD inflation. If Bitcoin's network value (measured in gold) continues to develop along the Power Law Corridor and gold maintains its current price while the Bitcoin price returns to the five-year leading support track, this year's target could reach $444,000. However, this week, Apsk32 believes that a more "reasonable" target price for 2025 is around $220,000. He also stated that if the Bitcoin price exceeds $250,000, it

On May 16th, Trump said, "We have $10 trillion in investment, and we are currently looking at increasing it to approximately $13 trillion."

On May 16th, as monitored by @ai_9684xtpa, MapleStory went live on the Avalanche sub-chain Henesys, and it required a registered wallet to download the game. Wallet data showed significant front-loading on May 14th, while transaction and token data reached their peaks yesterday: · On May 14th, the number of active addresses reached 1.15 million. · On May 15th, the number of transactions reached 103,000. · On May 15th, the number of NESO holding addresses was 3810, and the number of NXPC holding addresses was 3080. · On May 15th, there were 973 buyers and 2540 sellers on the Marketplace.

On May 16th, Matrixport released its weekly report indicating that Bitcoin has rebounded to the upper limit of the consolidation range ($106,000). Driven by multiple bullish factors, the market generally anticipates its breakthrough of the all-time high. With the gradual mitigation of downside risks at this stage, the upward trajectory of Bitcoin's price has become increasingly evident. Recently, Trump's shift in focus towards fundraising and trading partnerships has further boosted market optimism in both the stock market and Bitcoin. If the tax reduction policy of the Trump era persists and is coupled with potential regulatory relaxation measures, it may further boost market expectations for economic growth, driving a reevaluation of growth prospects and bond yield readjustment. In the current situation, risk assets, especially Bitcoin, are expected to enter a favorable trading period before July. This period coincides with the end of the 90-day tariff truce agreement, the commencem