On this day in 2013, F2Pool was officially established, which was the earliest Bitcoin mining pool in China, and at its peak, it once accounted for one-third of the computing power of the entire Bitcoin network.
BlockBeats news, on May 5th, according to CoinDesk, Kyrgyzstan plans to launch a gold backed stablecoin pegged to the US dollar in the third quarter - the USDKG. The stablecoin will be supported by $500 million in gold from the Kyrgyzstan Ministry of Finance and plans to expand its reserves to $2 billion. The report states that USDKG is designed specifically for cross-border and international trade, initially focusing on Central Asia and expanding to Southeast Asia and the Middle East in the future.
Odaily Planet Daily News: In response to the naming tag BattleTested proposed by community member Daniel Wang for Stage 2 of the L2 network, Ethereum co-founder Vitalik posted on the X platform, saying, "This is a good reminder that Stage 2 is not the only factor affecting security, and the quality of the underlying proof system is equally important. This is a simplified mathematical model that shows when to enter Stage 2: Each member of the Security Council has a 10% chance of independent 'breaking'; We consider activity failure (refusal of signature or key access) and security failure (signing the wrong thing or key being hacked) as equally likely; Goal: Minimize the likelihood of protocol collapse under the above assumptions. *Stage 0 Security Council is 4/7, Stage 1 is 6/8; Please note that these assumptions are very incomplete. In fact, members of the Security Council have a "common pattern failure": they may collude, or all be coerced or hacked in the same way, and so on. This makes both Stage 0 and Stage 1 less secure than shown in the model, so entering Stage 2 earlier than implied by the model is the best choice. In addition, please note that by turning the proof system itself into a multi signature of multiple independent systems, the probability of the proof system crashing can be greatly reduced (which is what I advocated in my previous proposal). I suspect that all second phase deployments in previous years will be like this. Considering these factors, this is a chart. The X-axis represents the probability of system failure. The Y-axis represents the probability of protocol collapse. As the quality of the proof system improves, the optimal stage shifts from stage 0 to stage 1, and then from stage 1 to stage 2. Using the quality proof system of Stage 0 for Stage 2 is the worst. In short, @ l2beat should ideally demonstrate proof of system auditing and maturity metrics (preferably proof of system implementation rather than the entire summary so that we can reuse it) as well as stages
Odaily Planet Daily News: As investors contemplate the currency revaluation related to the threat of US tariffs, some Asian currencies have surged since last Friday. The rapid change in the situation caught traders off guard and triggered exaggerated movements. The depreciation theme earlier this year has shifted towards the possibility of emerging market currencies being guided towards appreciation in order to meet US trade requirements. Since last Thursday, the exchange rate of the New Taiwan Dollar against the US Dollar has risen by 8.5%. The sudden shift in market sentiment is based on the view that Asian countries may be willing to stimulate currency appreciation, weaken export competitiveness, and make American imports more attractive in exchange for the United States reducing its harsh trade tariffs. Buffett's warning over the weekend may also have put pressure on the US dollar. (Reuters Market Analyst)
OKX-SUI is currently priced at $3.38, with a 5.96% increase over 24 hours. 24-hour transaction volume of 2.6 billion US dollars, up 1.9%, for reference only
Odaily Planet Daily News: Recently, analyst Xavior released a ranking of the largest individual and institutional Bitcoin holdings in 2025, including: Bitcoin founder Satoshi Nakamoto ranks first with holdings of approximately 1.1 million BTC (worth over $71.3 billion); MicroStrategy founder Michael Saylor ranks second, with the company holding approximately 190000 BTC worth around $12.3 billion; The Winklevoss twins hold 150000 BTC, Tim Draper holds 120000 BTC, digital currency group founder Barry Silbert holds 78000 BTC, Binance founder CZ holds 70000 BTC, Coinbase CEO Brian Armstrong holds 60000 BTC, and Musk's Tesla and X jointly hold 43000 BTC. Jack Dorsey, Gavin Andresen、 Wu Jihan and others are also among the top 20. In addition, data shows that the top 20 holders control over 2 million BTC, accounting for approximately 10% of the total supply, with a total value of approximately 132 billion US dollars. (Coindoo)