Overview of Important Developments on May 7th at Noon
7:00-12:00 Keywords: People's Bank of China, Metaplanet, NEAR ETF, Futu Securities
1. The People's Bank of China announced interest rate cuts and reserve requirement ratio reductions;
2. The U.S. Senate launches an investigation into Trump's cryptocurrency activities;
3. Japanese listed company Metaplanet increased its holdings by 555 Bitcoins again;
4. Bitwise has submitted a listing application for a spot NEAR ETF to the U.S. SEC;
5. U.S. Senators propose the MEME Act to prohibit the President and Congress members from issuing Meme coins;
6. Digital asset infrastructure platform Fuze completed a $12.2 million Series A financing round, led by Galaxy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The United States suspends Microsoft’s PERM program, pressuring the company to hire American workers.
US Vice President Vance: The United States has suspended Microsoft’s (MSFT.US) “Permanent Labor Certification (PERM)” program. This move is intended to convey to Microsoft the message that it must hire American workers.

【US Stock Moves】Securitize surged on October 8: US stock tokenization launched + Solana
US Stock Market Volatility | Chip Stocks Fall, Intel (INTC.US) Drops Over 3%
According to Zhitong Finance APP, chip stocks fell across the board on Thursday. Intel (INTC.US) dropped more than 3%, SanDisk (SNDK.US) fell nearly 3%, Micron Technology (MU.US) was down 2%, SK Hynix (SKHY.US) dropped nearly 2%, while Seagate Technology (STX.US), Qualcomm (QCOM.US), and Advanced Micro Devices (AMD.US) fell more than 1%.
