Today
2025/05/02

Institution: U.S. refined copper imports hit record high in April

Jin10 reported on May 3rd that according to IHS Markit high-frequency shipping data, refined copper shipments to the United States in April exceeded 170,000 tons, reaching the highest level since records began in 2014. Some organizations claim that if this data is corroborated by trade data disclosed by the U.S. government, it will surpass the historical high of approximately 142,000 tons set in November 2001.
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European Central Bank Vice President Luis de Guindos: We can maintain an optimistic attitude towards the sustained phase of interest rate cuts.

Hyperliquid has launched a developer self-deployment feature for Perptual Futures, now available on the Testnet.

Gate.io News bot message, the decentralized derivation protocol Hyperliquid officially releases the HIP-3 feature, which supports developers to autonomously deploy Perptual Futures, and is currently live on the Testnet. According to this mechanism, developers need to stake 1 million HYPE tokens and pay gas fees through a Dutch auction to achieve complete decentralization of the contract market launch. The deployer has the authority to set the fee distribution and market parameters. In case of malicious operations, the verifier will confiscate their staked assets through a voting mechanism. Source: wublock123
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Pakistan calls for an international investigation into the shooting incident in Indian-administered Kashmir.

Jin10 reported on May 2 that Pakistani Prime Minister Shehbaz again urged the international community to conduct a credible, transparent, and neutral investigation into the recent shooting incident in the India-controlled Kashmir region.
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$PUNDIAI gains more than 15% after going live on Gate.io Launchpool

$PUNDIAI
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Whale is increasing its holdings in Fartcoin with a purchase of AVA at an average price of $0.03554, totaling $1.71 million.

According to BlockBeats news on May 2nd, monitoring by lookonchain shows that a Whale who earned over 7.5 million dollars by trading Fartcoin is currently increasing their holdings in AVA. Over the past 20 days, this Whale has purchased 23.37 million AVA at an average price of 0.03554 dollars (worth 1.71 million dollars), and currently holds about 875,000 dollars in unrealized profit.
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A whale bought 23.37 million AVA in the past 20 days, worth 1.71 million dollars.

PANews May 2 news, according to Lookonchain monitoring, a Whale that previously traded over $7.5 million in Fartcoin has started accumulating AVA. In the past 20 days, this Whale has purchased 23.37 million AVA, worth $1.71 million, at an average price of $0.03554. The current unrealized profit is approximately $875,000.
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Google Wallet integrates zk-SNARKs technology for age verification.

According to Gate.io News bot, CoinDesk reported that Google has added zk-SNARKs technology features to its Wallet application. This encryption technology allows users to prove they meet specific age requirements without providing complete personal information such as their full date of birth, thereby gaining access to restricted applications. This feature is developed based on open standards and supports operation on both iOS and Android platforms. Google plans to expand this technology to more online identity verification application scenarios in the future.
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Raw sugar futures hit a new low since 2021

Jin10 data reported on May 2, due to the dual factors of improved supply outlook and weak demand putting pressure on the market, raw sugar futures are heading towards a weekly decline after hitting a four-year low. The most active contract in the New York market once fell by 1.1%, to 16.97 cents per pound, the lowest level since mid-July 2021. This week, sugar futures prices have fallen by about 6%, as Brazil reported a good start to its crushing season, leading to market expectations of oversupply.
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Tether CEO reveals plans to launch a payment product to compete with PayPal's CashApp.

PANews, May 2 news, according to CoinDesk, Tether CEO Paolo Ardoino revealed in an interview with CNBC that the company will launch a distinctive new product, which is likely to be a payment product. Tether's goal is to build a product that can be used by institutions, a product that can compete with PayPal's CashApp.
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Institution assesses US Non-farm Payrolls (NFP): Bets on The Federal Reserve (FED) rate cuts may have further room for reduction.

Jin10 reported on May 2 that analyst Cameron Crise stated that the data combination in the non-farm report gives traders reasons to lower their expectations for easing from The Federal Reserve (FED). In other words, since they are still pricing in expectations for The Federal Reserve (FED) to cut rates more than twice this year, if "hard data" like non-farm continues to challenge the economic weakness signals recently issued by "soft data," then there is further room for reducing bets on The Federal Reserve (FED) rate cuts.
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Trump's economic advisor: Would be very surprised if tariffs do not change in the coming weeks.

BlockBeats news, on May 2, Trump's economic advisor Milan stated, "I would be very surprised if tariffs do not change in the coming weeks." (Jin10)
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Allianz Chief Economist: Non-Farm Payroll Report Confirms the "Remaining American Exception Theory"

Jin10 reported on May 2 that Allianz Chief Economist El-Erian stated that the April non-farm report confirmed the "lingering American exceptionalism." This indicates that we still have some momentum as we enter a difficult period. The question is, is this momentum strong enough to get us through the tough times?
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Average hourly wage in the US rose in April

Jin10 data reported on May 2nd that the average hourly wage in the United States increased by 0.2% in April, with the year-on-year growth rate remaining roughly stable at 3.8% compared to March. Since 2022, wage growth has gradually slowed, but the inflation driving real income growth for workers is also slowing down. How long wage growth can be sustained will be a key factor in determining whether the increase in one-time tariffs will translate into a long-term inflation cycle.
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The Trump team is ready to pressure Russia for options to end the war.

According to BlockBeats news on May 2, market sources indicate that the Trump team is ready to put pressure on Russia to end the war.
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Traders cut bets on The Federal Reserve (FED) rate cuts, expecting nearly four rate cuts from the FED this year.

BlockBeats news, on May 2, traders cut bets on The Federal Reserve (FED) rate cuts, expecting nearly four rate cuts from the FED this year. (Jin10)
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The unemployment rate in the United States in April is 4.20%, expected to be 4.20%.

BlockBeats news, on May 2, the U.S. unemployment rate in April is 4.20%, expected to be 4.20%, previous value 4.20%. (Jin10)
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Before the non-farm payroll is announced, the US dollar weakens, while non-USD currencies and Spot gold strengthen.

BlockBeats news, on May 2, ahead of the non-farm payroll release, the US dollar weakened, while non-USD currencies and Spot gold strengthened. (Jin10)
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Overview of major commodities market before the release of US Non-farm Payrolls (NFP) data for April.

Jin10 data reported on May 2nd, the US dollar weakened before the non-farm payroll release, while non-US currencies and Spot gold strengthened.
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The Hong Kong dollar has risen to the strong side of the peg against the US dollar, a first in four years.

According to LSEG data, on May 2, Jin10 reported that the Hong Kong dollar reached a strong side convertibility guarantee level of 7.75 HKD against the US dollar on Friday. The last time the Hong Kong dollar reached the strong side convertibility guarantee level was at the end of 2020, and it touched the weak side convertibility guarantee level in 2022 and 2023.
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Google is upgrading Google Wallet's privacy and plans to use ZKP technology for age verification.

Google has upgraded its Wallet service for privacy, using ZKP technology for age verification, allowing users to confirm their age without sharing personal information. This feature is now live, with Bumble being one of the first partner companies.
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Data: Whales have purchased over 900 million XRP in the past month.

PANews May 2 news, according to encryption analyst Ali Martinez's disclosure of data on platform X, whales have purchased over 900 million XRP in the past month.
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A Whale sold 14.38 WBTC and bought 758.25 ETH.

PANews, May 2 news, according to Onchain Lens monitoring, after 2.11 years of silence, a Whale sold 14.38 WBTC (1.39 million USD) and bought 758.25 ETH at an average price of 1836 USD.
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$ANLOG boosts more than 16% after unveiling Incentivized Staking Campaign

$ANLOG
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The U.S. is unwilling to exempt Japan from the 10% reciprocal tariffs, analysts say: it might be good news.

Jin10 data reported on May 2nd, Japan's Kyodo News stated that the United States is unwilling to exempt Japan from the 10% reciprocal tariff, highlighting the difficult negotiations between the U.S. and Japan. Analysts from the financial website Forexlive indicated that the situation is not progressing smoothly... The issue here is that the U.S. may want to retain the 10% reciprocal tariff for all economies and "sell" it as good news; the market might even appreciate it (considering it is still much lower than what was announced on April 2nd), but Japan has not made concessions on this point.
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Since March 24, the founder of Curve has sold a total of 3.433 million CRV.

BlockBeats news, on May 2, according to Spot on Chain monitoring, Curve founder Michael Egorov has sold 343,452 CRV (approximately $224,000) since April 8. Since March 24, the total sale volume has reached 3,433,000 CRV (approximately $1.85 million), with an average selling price of $0.539.
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