The US House Ways and Means Committee has passed a new resolution on cryptocurrency aimed at reducing the reporting burden

According to Jin10 Data on May 8th, ECB Executive Director Schnabel stated that if the energy price shock expands, the ECB will need to tighten monetary policy to address the risk of medium-term price stability. She pointed out that the increase in enterprise price increase plans, supply chain disruptions, and household expectation adjustments have exacerbated inflationary pressures. Schnabel emphasized that protecting the independence of central banks is crucial in responding to frequent supply shocks, and stated that the European Central Bank will take necessary measures to bring the 3% inflation rate back to its target level.

Moody's stated that Morgan Stanley, with a market value of $2 trillion, is rapidly increasing its business layout in the cryptocurrency sector. （Watcher.Guru）

BlackRock, JPMorgan, and Morgan Stanley have added dozens of new job postings related to cryptocurrency. （Watcher.Guru）

Saudi Arabia and Kuwait have lifted restrictions on the use of their bases and airspace by the US military, paving the way for the possible resumption of the "Project Freedom" operation. This action aims to protect commercial shipping in the Strait of Hormuz. Previously, restrictions were implemented due to concerns from Gulf countries about Iran's attacks and doubts about the capabilities of US defense allies in the region. The operation was suspended 36 hours later due to discussions between US President Trump and Saudi Crown Prince Mohammed bin Salman. US officials have stated that commercial vessels can once again pass through the mine clearing channels protected by the US Navy and Air Force.

The Federal Reserve accepted funds from six counterparties in a fixed rate reverse repo operation, totaling $773 million.