The Sei community is considering abandoning Cosmos native accounts and fully transitioning to EVM architecture

At the opening of the US stock market, the Dow Jones Industrial Average rose 200 points, the Nasdaq rose 190 points, and the S&P 500 index rose 0.64%.

According to CoinDesk, a report from blockchain security company Solidus Labs reveals rampant fraud on the Solana blockchain, with Pump.fun platform being the hardest hit. The report shows that 98.6% of the tokens issued on the platform are classified as "rug pull" or "pull sell" scams. Since the establishment of Pump.fun platform in January 2024, over 7 million tokens have been issued, but only 97000 have maintained liquidity of at least $1000. Pump.fun has become a breeding ground for fraudsters due to its low-cost coin issuance feature. There have been multiple major "rug pull" incidents this year, with MToken related cases involving a total amount of 1.9 million US dollars. On the decentralized exchange Raydium, the phenomenon of "soft rug pull" is widespread, with 93% of liquidity pools exhibiting slow withdrawal characteristics and a median loss of $2800 per transaction. The Meme coin field is also plagued by chaos, with TRUMP and MELANIA tokens promoted by the Trump couple plummeting 87% -97%, while insider traders have profited over $100 million.

JUST IN: Standard Chartered Bank analyst apologizes for 120,000 Bitcoin price prediction, says target 'may be too low.'

Click on the link to enter the live stream: https://meeting.tencent.com/p/9309732027 (Note: Tencent Meeting APP needs to be downloaded) BTC: Pay attention to the pressure level of 101000 above the small level, and 97000 and 95000 below the short level. Starting from this week, there will be continuous changes in trading until mid May, with long and short positions competing. Short term trading is the best strategy, pay attention to ups and downs, and there are many opportunities in the short term. ETH: Minor resistance level of 1950, breaking up to 2030, short-term attention below 1850, breaking down to around 1650. Gann's change day is on May 17th, and the 12th is also a change week, so short-term operations are advisable. Tencent Meeting Number: 9309732027 Join the Fuxi Community Exchange Group to receive more services: 1. Use the tactics of "Chu Han War" (ultra short term strategy) and "Chou Ji Tai Lai" (wave band strategy) to capture signals, find direction, support, and pressure levels. 2. Use tactics such as "Gann's Angle of Power", "Fei's Wave Number Example", and "MACD" to deduce the future direction. 3. Real time decryption of skills such as risk control, position management, and position weighting. Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.

According to Crowdfunding Insider, the Financial Conduct Authority (FCA) in the UK has appointed David Geale as an Executive Director of the Payment Systems Regulatory Authority (PSR), who also serves as the head of the Payment and Digital Finance department. Geale has been serving as the acting director of PSR since June 2024. Geale has served for over 20 years at FCA and its predecessor, the Financial Services Authority (FSA), where he served as Director of Retail Banking and led multiple policy reforms such as the Retail Distribution Review during Brexit. Recently, he has been responsible for formulating regulatory frameworks for encrypted assets, savings interest rate policies, and reform plans for the mortgage market.