Karim

@skkarim2244

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The Bitcoin community is debating BIP-177, a proposal to redefine the base unit as 1 Bitcoin instead of “satoshi” or “sat”, while keeping BTC unchanged as the currency code. Under the proposal, 1 BTC = 100,000,000 Bitcoin. Supporters argue it improves clarity and aligns better with Bitcoin’s original design. Jack Dorsey expressed support by simply posting “BIP-177” on X.

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Coinbase CEO Brian Armstrong told Bloomberg TV that after the $2.9 billion acquisition of Deribit earlier this month, the company is still exploring more M&A opportunities, especially those that support international expansion and product growth. He emphasized Coinbase's strong financial position and selective approach. On a potential Circle acquisition, he said, “No news to announce today.”

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South Korea’s largest exchange Upbit announced the launch of Nexspace NXPC’s KRW、BTC、USDT trading pairs. Nexpace is the native token of Henesys L1, the mainnet of MapleStory Universe, and supports Avalanche C Chain as a multi-chain. MapleStory Universe is a virtual world built based on Maple Story, the representative game IP of game developer NEXON.

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The Wyoming Stable Token Commission has partnered with Inca Digital to provide anti-money laundering surveillance and risk management for the upcoming state-backed stablecoin WYST, which will be fully backed by U.S. Treasuries, cash, and repurchase agreements and is scheduled to launch in July 2025.

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YZi Labs (formerly Binance Labs) announces a 10-week in-person program for top Web3, AI, and healthcare founders. It will invest $500,000 in each accepted startup, $150,000 for 5% equity and $350,000 on an uncapped SAFE. The applications will close at 23:59 (GMT-7) on May 21, 2025.

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Solana co-founder Toly has proposed the concept of a Meta Blockchain, which involves posting data across chains such as Ethereum, Celestia, and Solana, then merging that data into a single ordered sequence using predefined rules. This approach aims to leverage the most cost-effective data availability (DA) solution at any given time.

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Backpack Exchange has announced that it will officially launch the withdrawal process for former FTX EU users on May 12, 2025, marking the final stage of its fund distribution efforts. Previously, Backpack completed the acquisition of FTX EU and launched a dedicated KYC page to prepare for the withdrawal process.

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Ki Young Ju, founder and CEO of CryptoQuant, tweeted that“dark stablecoins”are likely to emerge in the future. There are two possible ways to create such stablecoins: (1) algorithmic stablecoins that are not controlled by governments; (2) stablecoins issued by countries that do not enforce financial censorship. USDT was once considered a censorship-resistant stablecoin, and if Tether refuses to comply with U.S. regulations under a potential Trump administration, it could be regarded as a“dark stablecoin.”

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China's official media Xinhua: China and the U.S. held high-level economic and trade talks in Geneva. According to the Chinese delegation, both sides engaged in comprehensive discussions, reached significant consensus, and made substantive progress. They agreed to establish a consultation mechanism, designate lead representatives, and plan to release a joint statement on May 12.

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JUST IN: 🇺🇸 President Trump says his next post on Truth Social "will be one of the most important and impactful" he has ever made.

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Paul Atkins, Chairman of the U.S. SEC, will deliver a keynote speech on asset tokenization on the 12th, with the theme of "Tokenization: Moving Assets Onchain: Where TradFi and DeFi Meet." Other participants include Cynthia Lo Bessette (Fidelity), Eun Ah Choi (Nasdaq), Will Geyer (Invesco), Robert Mitchnick (BlackRock), etc.

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Lido Finance announced that due to a suspected private key leak involving Chorus One, the Lido DAO will initiate an emergency vote to replace its oracle node. The protocol remains secure, and stakers are unaffected. Lido’s oracle system uses a 9-of-5 multisig, and the other 8 nodes have shown no signs of compromise.

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@hurls can I have some warps?

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According to Bloomberg, U.S. President Donald Trump announced a trade framework with the UK aimed at reducing barriers for agricultural, chemical, energy, and industrial goods while expediting U.S. product clearance. The agreement excludes digital tax provisions but includes continued negotiations on digital trade, pharmaceuticals, and other tariffs. The deal maintains a 10% baseline tariff, allows the UK to export up to 100,000 vehicles annually to the U.S. at a reduced 10% tariff rate (down from 27.5%), and exempts steel and aluminum from tariffs

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According to Bloomberg, NewLimit, a longevity startup founded by Coinbase co-founder Brian Armstrong, has raised $130 million in a Series B round, valuing the company at $810 million. The round was led by Kleiner Perkins, with participation from Khosla Ventures and Human Capital. NewLimit aims to delay aging and restore cellular function by reprogramming specific proteins within human cells.

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Thumzup Media Corporation has filed an amended registration statement on Form S-3 with the U.S. SEC, increasing the maximum offering amount from $200 million to $500 million. The company may periodically issue common stock, warrants, units, or rights under this shelf registration. Net proceeds are intended for general corporate purposes, including the purchase of bitcoin as a primary treasury reserve asset and working capital.

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On May 5, 2025, OFAC designated the Karen National Army (KNA), a militia group in Burma, for involvement in transnational crimes including cryptocurrency-related fraud. KNA facilitated large-scale online scams through fake crypto investment platforms, resulting in over $2 billion in U.S. victim losses in 2022 and $3.5 billion in 2023. OFAC also identified Huione Group as a key laundering channel for illicit virtual asset proceeds.

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Trump stated that the U.S. film industry is rapidly declining as other countries offer incentives to attract American filmmakers and studios, undermining Hollywood and other regions. In response, he has authorized the Department of Commerce and the U.S. Trade Representative to begin imposing a 100% tariff on all imported films produced abroad.

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Warren Buffett announced on Saturday that he will retire at the end of this year; he also said that the recent volatility in the US stock market is not a severe bear market; he criticized the United States for not using trade as a weapon, "in the United States, we should be looking to trade with the rest of the world. We should do what we do best, and they should do what they do best."

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After losing an antitrust case to Epic Games, Apple updated its U.S. App Store guidelines to allow apps to direct users to third-party payment methods and display NFTs owned by others. Developers see this as creating more space for crypto-native mobile app innovation, but Apple still prohibits apps from offering token rewards, facilitating ICOs, or using devices for crypto mining.

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