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Latest Update from DeFi United: Mantle Lending Proposal Enters Governance Vote, $314.57 million ETH Raised

2 hours ago

On May 1, Mantle Network announced that its proposed loan facility for the rsETH Relief Coordination Action (targeting Aave) has officially entered the governance voting stage. Per the proposal, Mantle will extend a loan to Aave’s relief initiative to help users exit positions in an orderly manner or address related issues. Currently, MNT token holders must delegate their votes on the Snapshot platform to participate in the vote. Aave founder Stani noted that DeFi United is the largest-scale DAO coordination he’s been part of, with at least six different DAOs (Arbitrum, Aave, EtherFi, Lido, Compound, and Mantle) putting forward governance solutions. He thanked everyone who helped or participated. The ongoing DeFi United ecosystem relief effort—launched by Aave to address the collateral shortfall from the April 18 rsETH event—continues to progress. The designated donation address has raised a cumulative 1,137,714.633 ETH, worth approximately $3.1457 billion.
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The Dow Jones Industrial Average (DJIA) opens up 0.36% as Crypto-related Stocks Soar, with Strategy Surging 3.2%

May 1 — Bitget market data shows U.S. stocks opened higher: the Dow Jones Industrial Average (Dow) rose 0.36%, the S&P 500 added 0.4%, and the Nasdaq Composite climbed 0.3%. Crypto-related U.S. equities posted broad gains, with these notable moves: - MicroStrategy (MSTR): +3.2% - Coinbase (COIN): +1.8% - Circle (CRCL): +2.1% - MARA Holdings (MARA): +2.43% - Riot Blockchain (RIOT): +9.3% - BitDigital Inc. (BTBT): +17.6% - BitMine Immersion (BMNR): +1.17% - SharpLink Gaming (SBET): +1.53%

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Bitunix Analyst: Global Central Banks Are Pausing Forward Guidance — Markets Are Entering a Stagflation Pricing Phase

May 1 — The key shift in global markets is no longer which central bank is hiking or cutting rates, but that major central banks are all moving into a “wait-and-see” mode. The Federal Reserve, European Central Bank (ECB), and Bank of England (BoE) have held rates steady — but unlike before, none are offering clear forward guidance. The reason is simple: as energy prices flare up again, inflation and growth are moving in opposite directions. In the U.S., Q1 GDP grew at an annualized 2% — below expectations — while March PCE inflation hit 3.5% year-over-year, the highest level in nearly three years. In the eurozone, growth has nearly stalled, yet inflation has rebounded to around 3%. The BoE has even signaled it could hike rates again. This points to the global economy entering its toughest phase yet: slowing growth paired with resurgent inflation. More importantly, markets are starting to recognize Middle East geopolitical risks won’t fade anytime soon. While U.S. officials hav

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The US national debt has exceeded the GDP for the first time since World War II, currently standing at $31.265 trillion.

On May 1, the U.S. national debt surpassed 100% of GDP for the first time since World War II—currently at $31.265 trillion, while the country’s GDP over the past year totaled $31.216 trillion. That means the U.S. government spends $1.33 for every $1 it collects in revenue.

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The probability of success in the new Iranian proposal for nuclear talks is slim, with the focus possibly shifting towards ending the war.

On May 1, Al Jazeera reports that Iran’s new proposal — submitted via Pakistan — suggests nuclear talks are unlikely to succeed, with focus potentially shifting to ending the war.

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Bitcoin Surges Past $78,000, with a 24-hour Gain of 2.3%

On May 1, HTX market data shows Bitcoin topped $78,000, posting a 2.3% 24-hour price gain.

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Payment infrastructure company Fun has completed a $72 million Series A funding round, led by Multicoin Capital and SignalFire.

On May 1, cryptocurrency-focused payment infrastructure startup Fun closed a $72 million Series A funding round led by Multicoin Capital and SignalFire, with additional participation from Infinity Ventures, Pharsalus Capital, and Tinder co-founder Justin Mateen. Fun specializes in providing crypto-to-fiat onramp and offramp infrastructure for platforms including Polymarket, Lighter, and Aave, and boasts an annual payment processing volume of over $18 billion. The firm plans to allocate the new capital toward expanding its team by roughly 30 employees.

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