Odaily News Scooter (@imperooterxbt), a crypto KOL who was involved in revealing the inside story of the LIBRA token, mocked James Wynn by saying that he could have cashed out $100 million, but now he is "begging for $20" on social platforms for revenge transactions, and bluntly stated that "the crypto industry is full of irrational gamblers."

Odaily News According to a SEC filing on May 28, Meta shareholders overwhelmingly rejected a proposal to allocate part of their $72 billion in cash to Bitcoin, with nearly 5 billion votes against and only 3.92 million votes in favor. The proposal was initiated by Ethan Peck, a Bitcoin advocate and head of Bitcoin at Strive Wealth Management, who had made similar proposals to Microsoft and Amazon. Microsoft has now rejected the proposal, and Amazon has not yet voted. Peck advocates for using Bitcoin as a strategic reserve asset to cope with monetary policy uncertainty. Although Meta has previously been involved in the blockchain project Libra (later renamed Diem and closed), the company's attitude towards crypto assets remains unclear. Earlier this year, it was reported that Meta was exploring the use of stablecoins to manage payments between applications. (CoinDesk)

Odaily News Meta is considering integrating stablecoins to reduce the cost of payments compared to fiat currencies, such as paying Instagram creators. The report said that "the company does not seem to have yet to determine which stablecoin to use". In addition, Meta has "contacted crypto infrastructure companies to solve the cost of cross-regional payments". The company has also hired "former Ripple executive Ginger Baker as vice president of product". The renewed focus on stablecoins comes at a time when "US regulators have taken a friendlier attitude towards cryptocurrencies after President Trump took office". In 2019, Meta launched the stablecoin project Libra, which was later renamed Diem, but "due to regulatory suppression, the project failed to launch as scheduled and was eventually closed". Diem's intellectual property has been sold to Silvergate Bank, and although the bank later declared bankruptcy, "the project continues in new chains such as Aptos in the MOVE language, but no longer involves Meta."

Odaily News Although the Trump administration's regulation of cryptocurrencies is more inclusive than the Biden administration's, analysts believe that the currency circle seems to have become a cash machine for the Trump family. The issuance process of memecoin is simple, and if market interest surges, its price can rise sharply from near zero, giving early buyers the opportunity to make huge profits. Cryptocurrency enthusiasts call accounts that take advantage of this feature to make large, early purchases "snipers." Under U.S. financial regulations, memecoins are not considered securities, which means that project sponsors are not subject to federal information disclosure and insider trading rules designed to protect retail investors. According to statistics, 24 potential "insider" accounts purchased 16.7 million of the 200 million $MELANIA tokens scheduled to be sold during the issuance period. As Trump announced that large holders would be eligible to attend the White House dinner, the price of $TRUMP coins soared, making the 800 million $TRUMP coins still held by project organizers nominally worth $9 billion. Foreign media previously tracked transactions involving $TRUMP, showing that its issuer made at least $350 million in profit, which included both token sales revenue and market making fees. Hayden Davis, a 28-year-old cryptocurrency entrepreneur from Texas, said he was involved in the issuance of $MELANIA. He also participated in the issuance of $LIBRA meme coin, which was briefly endorsed by Argentine President Milley in February, but later became a cryptocurrency scandal due to price surges and plunges. (Jinshi)

Odaily News Data shows that the Sui ecosystem's DEX Momentum Finance achieved a trading volume of $1 billion in just one month after its launch, and has more than 200,000 independent users. The protocol is based on the Move ecosystem and was established after three years of development. It was co-founded by ChefWEN (former founding member of the Meta Libra project) and supported by investors such as Coinbase, Circle, Amber, Selini and Sui Foundation.

Odaily News U.S. lawmakers returned to Congress after the Easter recess and made crypto legislation a priority, aiming to complete the stablecoin and market structure bill before the August deadline set by President Trump. The House Financial Services Committee and the Agriculture Committee will hold a joint hearing on May 6 to discuss the blueprint for digital asset legislation. The Senate is also integrating the 2022 Lummis-Gillibrand Act and the FIT21 Act. (Crypto In America)

Odaily News The DappRadar report shows that the number of rug pull events in the Web3 ecosystem in 2025 will decrease by 66% compared to 2024, but the amount of losses will reach nearly $6 billion. The collapse of Mantra's OM token accounted for 92% of the losses, although the project denied that it was a rug pull. Analyst Sara Gherghelas said that the scam has become more complicated and memecoin has become the main target. Libertad's Solana token LIBRA soared after the Argentine president posted a message and plummeted 94% after deleting the post. Gherghelas also warned that abnormally active wallets, anonymous teams, etc. are risk signals. (Cointelegraph)

Odaily News The Argentine House of Representatives has passed three bills, officially launching an investigation into President Javier Milei and related officials for their involvement in the Libra meme coin scandal. The coin was issued by Kelsier Ventures in February. Milei publicly promoted it on the X platform, saying it would support local entrepreneurial projects. The price of the coin then soared to a market value of $2 billion before plummeting by more than 90%. Milei later denied any knowledge and withdrew his support. The opposition called for impeachment, and prosecutors have requested Interpol to issue a red warrant for the project's CEO Hayden Davis. (The Block)

Odaily News The latest poll shows that 57.6% of Argentines have lost trust in President Milley, and only 36% still support him. This crisis of trust stems from the Libra meme coin incident in February. The market value of the token soared to US$4.6 billion after Milley posted on social media, but plummeted 94% within hours. Although Milley argued that he was only "spreading information" rather than promoting it, the opposition still launched an impeachment motion. It is worth noting that the results of polls by different institutions vary significantly: a survey by the University of San Andres showed that his support rate fell to 45%, while Morning Consult data remained at 62.4%. Analysts believe that this disagreement reflects the politicized interpretation of cryptocurrency events in Argentine society. (Cointelegraph)

<p>Odaily News According to Bubblemaps, although Hayden Davis, the head of the LIBRA project, was wanted by Interpol, he still launched the new token WOLF.<br/> Last week, there were rumors that Jordan Belfort, known as the &quot;Wolf of Wall Street,&quot; would launch his own token, WOLF. WOLF has the same pattern as another token launched by Hayden Davis, HOOD, and the creator of the WOLF token points to the address of Hayden Davis. The token reached a market value of $40 million before the rug.</p>