[Comparing Daily News Picks] Meta is building a cloud business to sell its surplus AI computing power resources; US President Trump: Micron Technology announced an investment of US$250 million in the “Trump Account”; the Robinhood Chain mainline is online, simultaneously launching 24/7 stock tokens and perpetual contracts, and plans to launch AI proxy transactions; Federal Reserve Chairman Walsh declined to say whether interest rates will be raised in July

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AI · Dynamic

[Meta is building a cloud business to sell its surplus AI computing power resources]

Comparatively, according to Bloomberg, Meta Platforms (META.O) is building a cloud business to sell its surplus artificial intelligence computing power resources.

[US President Trump: Micron Technology Announces Investment of US$250 Million in the “Trump Account”]

Comparing news, US President Trump wrote: Micron Technology announced an investment of 250 million US dollars in the “Trump Account.” The move is aimed at broadening long-term savings channels for children, and is the biggest corporate commitment the program has received since its inception.

Trump said that Micron Technology is a truly outstanding American company and one of the most popular companies in the world.

[Source: SoftBank restarts loan negotiations secured by OpenAI shares and makes more concessions]

Comparative news, according to a Bloomberg report, two people familiar with the matter revealed that the SoftBank Group has resumed negotiations with the loan syndicate on a $10 billion loan secured by its OpenAI shares. Previously, SoftBank's financing attempts came to a standstill due to market concerns about the difficulty of valuing private companies. People familiar with the matter said that in order to allay lenders' concerns, SoftBank proposed also providing a guarantee for loan repayment. If OpenAI shares used as collateral depreciate in value, banks can seek compensation from SoftBank. People familiar with the matter said the loan consortium is expected to include Goldman Sachs, J.P. Morgan Chase, and Mizuho Group.

Crypto · Marketplace

[Robinhood Chain main network launched, 24/7 stock tokens and perpetual contracts launched simultaneously, and plans to launch AI proxy transactions]

According to news, Robinhood Chain officially launched its public main network today. The L2 is built based on Arbitrum technology, with Uniswap and others as the first partners. Stock Tokens stock tokens were launched simultaneously, supporting more than 120 countries. Eligible users can transact 24/7 through Robinhood Wallet, but it's not open to US users. At the same time, the new wallet connects to perpetual futures products on the Lighter decentralized exchange in specific regions, and is exempt from gas fees and perpetual contract fees for the first 90 days.

Additionally, Robinhood Earn has been launched in the US, providing a loan service with an annualized return of about 7% supported by USDG based on the Morpho agreement, and is equipped with insurance coverage.

The company announced its entry into the Canadian market on the same day, Singapore obtained a MAS license, and plans to launch an AI proxy trading function in the US.

[BlackRock IBIT holdings dropped to 7342.61 million, reducing BTC by nearly 100,000 in the past two months]

Compared to Twitter, Bitcoin News posted an article on the X platform stating that BlackRock IBIT's BTC holdings were reduced by nearly 100,000 units in less than two months. On May 6, IBIT's BTC holdings peaked at 822.36 million, and currently stands at 7342.61 million.

Macro · Organization

[Federal Reserve Chairman Walsh declined to say whether interest rates will be raised in July]

Comparing news, Federal Reserve Chairman Walsh avoided questions about whether the Federal Reserve might raise interest rates at the July meeting. “I hope we can have a full 'family argument' when we meet in four weeks,” he said. “When we meet behind closed doors, we have a heated debate. But beyond that, I have no more information to reveal.”

Walsh made the above remarks at the ECB's annual policy seminar in Sintra, Portugal; this is his first public appearance since attending the Federal Reserve's press conference for the first time last month. Since then, investors have begun to expect the Federal Reserve to raise interest rates more times, but the market currently anticipates less than 50% chance of raising interest rates for the first time this month.

[Walsh: The Federal Reserve will start a new course and will not provide forward-looking guidance]

Comparing the news, Federal Reserve Chairman Walsh said that investors should pay more attention to economic data to determine whether the central bank will raise interest rates. Walsh did not give any hints as to whether the Federal Reserve will raise interest rates in July, and reiterated his dissatisfaction with the “forward-looking guidance.”

Walsh was nominated by Trump earlier this year and took over as Federal Reserve Chairman in May. He previously served at the Federal Reserve during the 2008-2009 global financial crisis. When speaking publicly about the economy, Walsh is unlikely to be as outspoken as Powell. He once said that he thought that the Federal Reserve officials spoke too much, which would confuse investors.

[The US Treasury Department announced the “Trump Account” portfolio target, which mainly invests in the broad-based S&P 500 ETF]

Comparatively, the US Treasury Department today announced the “Trump Account” investment product portfolio, including the initial default investment plan to be launched when launched, and four additional low-cost index fund options for interested parties to choose from in the next few months. When the account is launched, all funds invested in the “Trump Account” will be invested in the State Street SPDR Portfolio S&P 500 ETF (SPYM).

Additionally, the Treasury Department has selected the following other low-cost index ETFs for the “Trump Account” portfolio, including: iShares Core S&P 500 ETF (IVV), Vanguard Total Stock Market ETF (VTI), State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM), and iShares Core S&P total U.S. Stock Market ETF (ITOT). The Treasury Department says SPYM will be the default investment option for all “Trump accounts.” In the coming months, the Treasury Department is expected to launch new features that allow parents or guardians to choose to allocate funds among other investment options. Until the feature goes live, all contributions will continue to be invested in the default fund.

[New EU MiCA regulations are in full effect, and 244 crypto asset service providers have completed registration]

Comparatively, Europe's crypto industry regulation work, which took several years, reached a key milestone on Wednesday. With the final transition period of the “Crypto Asset Market Regulation Act (MiCA)” officially ended, one of the most comprehensive crypto asset regulatory frameworks in the world has been fully implemented. Currently, the market's focus is on how MiCA will impact users, crypto businesses, and the entire market once the final transition period is over.

According to the MiCA provisional registration list issued by the European Securities and Markets Authority (ESMA), as of last week, 244 authorized crypto asset service providers (CASP) have completed registration. Trezor Chief Commercial Officer (CCO) Danny Sanders said that before MiCA was implemented, there were more than 3,000 crypto asset service providers operating under regulatory systems in European countries.

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