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Cointime May 4th News Express

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  • Asian Equities Strong, CNH Falls Amid Tariff Threat and China Economic Work Conference Expectations

    Several Asian countries, including Indonesia, Japan, Pakistan, South Korea, Taiwan, and Thailand, experienced gains of over 1% in their equities. The offshore traded renminbi fell against the US dollar early in the trading day, which could be due to President Trump's recent tariff threat or the Euro's rough outing. The Hang Seng and Hang Seng Tech indexes rose in Hong Kong, with energy and financials leading the gains. The US government added more than 130 foreign companies to its "Entity List," which requires additional licensing, and 22 Chinese provinces have announced plans to refinance RMB 1.673tn of hidden debt. Copper and steel prices gained while treasury bond prices fell.
  • Decentralized AI investment strategy analysis platform OpenPad AI completes $2 million financing, led by Basics Capital

    OpenPad AI, a data-driven investment strategy platform that utilizes decentralized AI analysis, has announced the completion of a $2 million financing round. Basics Capital led the investment, with participation from Protein Capital, Spicy Capital, Green Arrow Adventures, VivaTech Ventures, Brinc, Boba Network, Avalon Wealth Club, Coin Bold, and TechFarm. OpenPad AI combines blockchain technology with artificial intelligence, allowing users to access investment strategies, project ratings, and real-time market insights while maintaining control over their data.
  • Judge again rejects Musk's high compensation plan, Tesla to appeal

    a Delaware judge has once again rejected Musk's high salary plan at Tesla. Tesla's official social media responded to this by stating that the court's ruling was incorrect and that they will appeal. If this ruling is not overturned, it means that the judge and plaintiff's lawyers are managing Delaware companies rather than their legitimate owners - shareholders.
  • Norway’s Wealth Fund Watchdog to Review Cryptocurrencies by 2025

    According to market news reported by , the supervisory authority of Norway's wealth fund will conduct reviews on shoe manufacturers, cryptocurrency, and gambling companies in 2025, which may lead to divestment.
  • OpenAI responds to Musk's lawsuit: The application is repeated and still unfounded

    recently Musk requested a US court to block OpenAI, an artificial intelligence research center, from illegally transforming into a for-profit enterprise. A spokesperson for OpenAI said that Musk's application is repetitive and still baseless.
  • Musk says SpaceX could be worth more than $1 trillion

    a netizen posted on social media platform X claiming that there are 9 companies in the world with a market value exceeding one trillion US dollars, of which 8 are American companies. In response, Musk replied that SpaceX may one day become one of them.
  • South Korea postpones cryptocurrency tax again until 2027

    at today's press conference, Park Chan-dae, the leader of the largest opposition party in South Korea, the Democratic Party of Korea, announced that they will abandon their plan to implement a cryptocurrency capital gains tax in 2025 and agree to postpone it for another two years until 2027. The proposal to "delay the cryptocurrency capital gains tax" was put forward by the South Korean government and the ruling party, the People Power Party. The Democratic Party of Korea previously stated that delaying taxation was a political trick of the ruling party.
  • Japan's Financial Services Agency proposes relaxing reserve requirements for trust banks to issue stablecoins and implementing travel rules

    the Japanese Financial Services Agency (FSA) recently presented some ideas regarding cryptocurrencies and stablecoins to the Financial System Committee's Payment Services Working Group. It was mentioned that the FSA is unwilling to allow banks outside of trust banks to issue stablecoins. As for stablecoins issued by trust banks, the FSA hopes to relax the reserve requirements that currently mandate all assets be held in the form of bank deposits. However, the FSA also hopes to implement travel rules that require KYC for transfers of stablecoins issued by trust banks.
  • Japan’s Financial Services Agency proposes lightweight legislation for non-exchange crypto intermediaries

    Japan is considering new lightweight legislation for cryptocurrency intermediaries that are not cryptocurrency exchanges. Recently, the Japanese Financial Services Agency (FSA) presented its own ideas to the Payment Service Working Group of the Financial System Committee.
  • ETH falls below $2,600

    Golden Finance reported that the market shows ETH has fallen below $2,600 and is currently trading at $2,597.2, with a 24-hour decline of 1.75%. The market is fluctuating greatly, so please be prepared for risk control.