I hope there won't be a crash, otherwise it will be another day of bloodshed.

Federal Reserve Chairman Powell said that the next two interest rate decisions will raise interest rates by 50 basis points each, which is completely in line with market expectations. The probability of a 50 basis point rate hike in June has reached 93.5%. In other words, the Federal Reserve will continue to tighten in the second half of this year. The global financial environment will not be ideal, and the strength of the US dollar will remain. If cryptocurrencies want to strengthen, they need to wait for the day when they will decouple from the US stock market. It is expected that they will gradually decouple in the second half of the year.

Global financial regulators will discuss crypto regulation at this year's G7 meeting, and U.S. lawmakers will share the latest draft cryptocurrency bill next week. Everything points to the fact that a global regulatory framework is already in place, and it may be gradually implemented starting in the second half of this year. As long as it serves the common interests of all countries, they will collectively formulate it, such as real-name authentication for anonymous addresses. Only addresses that have passed KYC can transfer funds to compliant exchanges, otherwise they will not be credited. This is in line with the basic needs of global anti-money laundering. Another example is a unified tax reporting system and taxation. There will be many similar frameworks, and compliance is just around the corner.

The President of El Salvador is pushing emerging countries to adopt Bitcoin. He is promoting the use and adoption of Bitcoin to central bank officials in 32 countries, mainly in South America and Africa. These countries do have a need to adopt Bitcoin, and this sermon will have an effect in the future.

The Financial Services Commission of South Korea has proposed to establish a public crypto exchange to review and monitor cryptocurrencies. If this proposal can be implemented, it will certainly maximize the supervision, but the blockchain itself is decentralized, and the pattern of multiple exchanges around the world has been formed. No one will go to establish a new exchange, or directly take someone else's job to merge, which is almost an impossible task and tantamount to robbery.

The chairman of the Commodity Futures Trading Commission of the United States said that Bitcoin and Ethereum are commodities. This is a power struggle between the SEC and the CFTC. The SEC said they are securities, and the CFTC said they are commodities. Both want to put cryptocurrencies under their umbrella to maximize their own interests. In fact, cryptocurrencies contain the attributes of commodities and securities, and ultimately joint law enforcement is still needed.

The CEO of the largest bank in Kenya said that cryptocurrencies can supplement online payments in Africa, but regulators need to believe in cryptocurrencies. At present, it is very difficult for most African countries to accept these new things, but for most Africans who do not have bank accounts, encrypted payments are also a rigid demand. Slowly improve awareness, and maybe it will explode. The main market of ADA is to preach in Africa, so if you are optimistic about Africa, you can hold ADA for a long time.

Dubai law firm Ashish Metha & Associates announced support for cryptocurrency payments.

Crypto.com Pay is open to all Shopify merchants, making it easier for them to use and accept cryptocurrencies, and seamlessly connect with fiat currencies.

APEcoin is preparing to migrate from Ethereum to other mainnets. Currently, AVAX and Flow have both provided solutions. Which mainnet this new rising star goes to will bring it considerable development.

Panic Greed 12, still extremely panic.

Coin News:

Bitcoin: Tomorrow is 519, and Binance will stop withdrawing coins tomorrow afternoon. It is estimated that big funds will take this opportunity to stir up trouble. The current daily line is weak in rebound. If a new low is created tomorrow, it should be another short-term opportunity. I don’t know if there will be big fluctuations, but it is undeniable that panic sentiment is conducive to a decline on the anniversary day.

ETH: Three Arrows Capital transferred 10,000 ETH to the exchange. The impact will not be too great, but ETH is currently unable to rebound and is not performing well, and its weakness is linked to Bitcoin.

LTC: The Litecoin privacy protocol upgrade took effect on May 20, and the overall protocol is still linked to Bitcoin.

ATOM: There will be an airdrop on May 20th. The condition is that you must vote for or against Proposal 69 in the decentralized wallet. The positive effect is average, but it will be relatively strong in the next two days.

ENS: Coinbase’s collaboration with ENS allows users to apply for ENS domain names on Coinbase, which will lower the threshold for applying for the domain name. Its recent trend has been stronger than most currencies, and the rebound is expected to continue.

KSM: Investors participating in the airdrop minted 70,000 vKSM in the past 36 hours, which consumed a large amount of KSM in circulation. This trend will continue, so it is expected to be strong in the short term.

ROSE: The network received an additional investment of 35 million US dollars, and the ecological development fund reached 235 million US dollars, all of which were supported by well-known funds. Whether it can eventually develop with the help of the background of famous schools, it will take time to observe. At present, the most stable anonymous currency is still ZEC.