1. Federal Reserve Officials Say No Market Intervention Plans for Now

Federal Reserve's Harker stated that recent market volatility is a result of risk transfer, and market operations remain normal. He pointed out that the threshold for Federal Reserve intervention is "exceptionally high," and there is currently no need to act. He also emphasized that it is normal for investors to adjust their positions during periods of volatility, and the market should independently assess the term premium level, with price discovery led by the market. Additionally, he mentioned that economic uncertainty is prompting companies to pause operations. -Original

2. New SEC Chair Commits to Strengthening Crypto Regulation

New SEC Chair Paul Atkins stated in his inaugural speech that his top priority during his tenure is to provide a solid regulatory foundation for digital assets in a reasonable, coherent, and principled manner, committing to transform the regulatory approach of financial regulatory agencies towards digital assets into a "rational" one. He will strive to ensure that the U.S. becomes "the best and safest place in the world" for crypto operations and activities. -Original

3. Tim Beiko Confirms Ethereum Mainnet Upgrade on May 7

Odaily Planet Daily reported that Tim Beiko, head of protocol support at the Ethereum Foundation, announced that the Pectra upgrade will be executed on Ethereum on May 7, with an expected epoch height of 364032. -Original

4. Alabama Withdraws Law Enforcement Action Against Coinbase

5. SEC Commissioner Works on Crypto Regulatory Framework

SEC Commissioner Mark Uyeda participated in the "Money Movers" program to discuss how this SEC differs from Gary Gensler's SEC and when a crypto regulatory framework can be expected. Uyeda stated that the cryptocurrency working group is working hard to develop a regulatory framework. -Original

6. Ethereum Foundation to Focus More on ETH Investors

Odaily Planet Daily reported that Nick Tomaino, founder of 1confirmation, stated on the X platform that he recently communicated with Ethereum co-founder Vitalik Buterin, pointing out that the Ethereum Foundation is committed to building trusted and neutral infrastructure for developers. However, the largest group currently focused on Ethereum is ETH investors, and it is crucial for the Ethereum Foundation to pay more attention to this group. Vitalik Buterin agreed and expressed excitement about Tomasz's leadership in this area, noting that ETH is a trusted, neutral, internet-native value storage tool. Vitalik Buterin does not dislike business and capitalism; he is just different from others and does not chase money and attention like others do. -Original

7. PayPal Launches PYUSD Holding Rewards Program

PayPal announced that it will launch a rewards program for holding the stablecoin PYUSD this summer. U.S. users holding PYUSD through PayPal and Venmo wallets can earn an annualized yield of 3.7% (calculated daily and paid monthly). The earnings will be distributed in PYUSD and can be exchanged for fiat currency, sent to other users, used for international transfers, or spent during PayPal Checkout. The head of PayPal's blockchain business stated that this move aims to enhance the usage of PYUSD within its payment network, and the company views stablecoins as a core component of "next-generation payment infrastructure." -Original

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