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2025/05/02

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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Taiwan's monetary policy authority: has timely intervened based on its responsibilities.

Jin10 data reported on May 2nd, the monetary policy authority of the Taiwan region: based on responsibilities, has timely intervened; will continue to strive to maintain dynamic stability of the New Taiwan Dollar, and closely follow the dynamics of the international financial market; the New Taiwan Dollar soared by 1.247 against the US Dollar during the trading session, marking the largest single-day rise since 1998.
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The Korean won against the US dollar has broken the key psychological barrier of 1400.

Jin10 reported on May 2 that the Korean won has broken the key psychological barrier of 1400 against the US dollar, as the possibility of trade negotiations in the United States boosted the market sentiment for risk assets in the region. The US dollar fell by 1.9% against the Korean won at one point, reporting 1396.60, the lowest level since December of last year.
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Sahara AI announced the release of the public Testnet SIWA on May 19.

According to ChainCatcher news, the decentralized AI blockchain platform Sahara AI stated on the X platform that the public Testnet SIWA will be launched on May 19.
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After the release of inflation data from the Eurozone, the euro and European bond yields continued to rise.

Jin10 Data, May 2 - After the inflation data in the Eurozone exceeded expectations, the euro continued to strengthen against the dollar, and European bond yields continued to rise. The CPI year-on-year in April remained at 2.2%, higher than the predicted 2.1%. The core inflation rate accelerated from 2.4% in April to 2.7%, exceeding the expected 2.5%. Data from LSEG shows that the market continues to digest expectations of a further 60 basis point rate cut by the Central Bank before the end of the year.
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Global Central Banks net purchased 17 tons of gold in March.

Jin10 data reported on May 2nd that the International Monetary Fund (IMF) and other public data reports show that central banks around the world net purchased 17 tons of gold in March, with a total purchase volume of 35 tons and a sale volume of 18 tons, among which Uzbekistan reported a net sale of 11 tons. As the first quarter of this year comes to a close, gold demand remains strong.
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The Ukraine Reconstruction Fund will be launched as soon as the mineral protocol is approved by the Ukrainian parliament.

Jin10 data, May 2 news: On May 2 local time, Ukraine's First Deputy Prime Minister and Minister of Economy, Svirydenko, stated in an interview with Ukrainian media that the Ukraine-U.S. Reconstruction Investment Fund will begin operations within one month or one and a half months after the Ukrainian Parliament (Verkhovna Rada) approves the mineral agreement reached with the United States. Svirydenko expressed hope for the fund to be launched as soon as possible, as it should become a tool for the recovery and development of key sectors of the Ukrainian economy. In addition, she stated that Ukraine is seeking to resolve the technical issues related to the establishment of the fund as soon as possible so that the fund can start operations immediately.
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Moonshot launched Boopa, which has pumped 77.21% in the past hour.

According to BlockBeats news on May 2, Moonshot Listings has monitored that Moonshot has launched Boopa, with a market capitalization currently reported at 8.26 million USD, a rise of 77.21% in the past hour, and a trading volume of 15.4 million USD in the past 24 hours.
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Multiple retailers in the UK have been attacked by hackers.

Jin10 reported on May 2 that Harrods department store in the UK confirmed on the 1st that recent network hackers attempted to breach its systems. This is the third reported cyber attack targeting major UK retailers following similar incidents with Marks & Spencer and Co-op Food. It is unclear whether these incidents are related. Harrods stated on the 1st that recent network hackers attempted to breach its network systems. The company's security team immediately took proactive measures to ensure system security, thus restricting access to the company's website that day. However, all stores remained open for business.
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World Chain will integrate Circle's USDC and cross-chain transfer protocol CCTP V2.

ChainCatcher message, World Chain announced that it will integrate Circle's USDC and cross-chain transfer protocol CCTP V2. Circle is converting all existing cross-chain USDC held by World Chain into native USDC.
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