CZ's criminal trial has been finalized. Apparently, the 161 letters of support played a big role in the verdict. He was eventually sentenced to 4 months in prison.

The “big medicine” is not strong enough, the token distribution is controversial, the first batch of airdrops does not open transfers, and the treatment of Pendle users is even worse

According to BlockBeats, on May 2, Federal Reserve Chairman Powell said that restrictive monetary policy is fulfilling its due responsibilities. "We have made considerable progress on the inflation issue." It will take some time to reduce inflation to 2%, "but we will succeed." (Jinshi)

BlockBeats news, May 2, Federal Reserve Chairman Powell: I don't know how long it will take us to cut interest rates. When we are confident about inflation, interest rate cuts will become possible. (Jinshi)

According to BlockBeats, on May 2, according to market data, the SOL/BTC exchange rate is currently reported at 0.0022695, with a 24-hour increase of 10.17%.

According to BlockBeats, on May 2, Federal Reserve Chairman Powell said that unexpected weakness in the labor market could stimulate rate cuts. If inflation is more persistent and the labor market remains strong, it may be appropriate to postpone rate cuts. (Jinshi)

According to BlockBeats, on May 2, Federal Reserve Chairman Powell said that the next policy interest rate adjustment is unlikely to be a rate hike. If interest rates are to be raised, evidence must be seen that the policy is not sufficient to reduce inflation to our target level. (Jinshi)

According to BlockBeats, on May 2, Federal Reserve Chairman Powell said that the inflation data received this year was higher than expected, although long-term inflation expectations remained stable. (Jinshi)

According to BlockBeats, on May 2, Nick Timiraos, the "Federal Reserve mouthpiece", interpreted the FOMC statement: The Fed acknowledged in its policy statement that recent inflation progress has been frustrated, but did not change the policy guidance. In June, the upper limit of U.S. Treasury bond reduction will be reduced from $60 billion to $25 billion. (Jinshi)

According to BlockBeats, on May 2, after the FOMC statement was released, traders slightly increased their bets on the Fed's rate cuts throughout the year to about 30BP. (Jinshi)