Daily News: Moody's Downgrades U.S. Credit Rating, PYTH, MRS, and VENOM Tokens to See Major Unlocks This Week

Trump: Market Consensus Suggests the Fed Should Cut Rates, but Powell Might Mess It Up Again

Former U.S. President Donald Trump posted on social media, stating, "Almost everyone agrees that 'the Fed should cut rates sooner rather than later.' Powell is known for being slow to act, and he might mess it up again, but who knows?"

Moody's Downgrades U.S. Credit Rating to Aa1 Due to Rising Debt

According to Cointelegraph, credit rating agency Moody's has downgraded the U.S. government's credit rating from the highest level of Aaa to Aa1, citing the continuous rise in national debt.

In its announcement on May 16, Moody's noted that U.S. lawmakers have failed to curb annual deficits or reduce spending, leading to sustained growth in national debt. The agency stated, "We believe the current fiscal proposals under consideration will not result in significant multi-year reductions in mandatory spending and deficits. Over the next decade, as welfare expenditures increase while government revenues remain largely unchanged, we expect deficits to widen."

Despite the negative short- to medium-term credit outlook, Moody's remains optimistic about the U.S.'s long-term economic health, citing its robust economy and the U.S. dollar's status as the global reserve currency as advantages, reflecting "balanced" borrowing risks.

U.S. government debt surpassed $36 trillion in January 2025. Despite recent efforts by figures like Elon Musk to reduce federal spending and cut national debt, there are no signs of slowing debt growth. As debt rises and investor confidence in U.S. government securities declines, bond yields will soar, increasing debt servicing costs and further driving up national debt.

Data: Bitcoin Mining Difficulty Adjusted Up by 2.13% to 121.66 T

According to cloverpool, Bitcoin mining difficulty was adjusted at block height 897,120 (May 19, 22:01:56 UTC+0), increasing by 2.13% to 121.66 T. The current seven-day average network hash rate is approximately 846.6 EH/s.

Grayscale Research Head: Bitcoin Dominance Likely to Stabilize Between 60%-70%, No Altcoin Season Expected

As reported by Decrypt, Zach Pandl, Head of Research at cryptocurrency asset management company Grayscale, stated that Bitcoin's dominance is likely to stabilize between 60% and 70%, rather than experiencing a significant decline.

Bitwise Senior Investment Strategist Juan Leon pointed out that a drop in Bitcoin dominance reflects increased investor risk appetite, driven primarily by factors such as U.S. President Trump's 90-day tariff suspension and declining inflation. Analysts believe that when markets focus on macroeconomic instability, Bitcoin dominance tends to rise; however, when attention shifts to blockchain technology applications and innovation, its dominance declines.

SOON Hints at Snapshot Completion

The Solana Virtual Machine project SOON posted on social media, stating, "Red Pill Cabal has completed the snapshot. See you later." The accompanying photo, taken with a camera, may suggest that the project has completed its snapshot.

CUDIS: Users Must Register Solana Wallets by May 25 to Receive Airdrops

The Solana DePIN project CUDIS announced that with its TGE approaching, users must register their Solana wallets on the official website by May 25. Failure to do so may affect their eligibility to claim airdrops.

Blockchain Game Nyan Heroes, Once Pre-Registered by Over 250,000 Players, Shuts Down

According to an official announcement from Nyan Heroes, the project has decided to cease operations due to its latest product failing to reach expected user numbers and the challenging Web3 market environment. The project was unable to secure the funding needed to sustain studio operations.

Nyan Heroes had previously garnered over 250,000 pre-registrations on platforms like Epic Games and Steam, with over 1 million players participating in four testing events. The game frequently appeared on Epic Games' popular and most-played lists and was covered by traditional media outlets such as IGN, Business Insider, and Game Rant.

Despite exploring options such as token issuance, new investments, grants, and acquisitions, the project ultimately failed to raise the funds needed to complete game development.

DOGE Whales Accumulate 1 Billion DOGE During Key Support Formation

According to CoinDesk, technical analysis data from CoinDesk Research indicates that DOGE has established significant support at $0.212, with high trading volume rebounds confirming buyer interest. Over the past month, whale accounts have accumulated over 1 billion DOGE, bringing their total holdings to 25.97 billion DOGE. Large investors are preparing for a potential price surge.

Technical analysis shows that DOGE has formed a $0.211-$0.220 trading range over the past 24 hours, with high trading volume rebounds occurring at 13:00 and 22:00 UTC+0, validating the $0.212 support area. In the last hour, DOGE has shown clear bullish momentum, rising from $0.215 to $0.216 with multiple spikes in trading volume.

Analysts noted that despite ongoing macroeconomic headwinds, DOGE remains above key moving averages and has formed a potential bull flag pattern. If sustained buying pressure confirms this, the target price could reach $0.35. Retail futures trading activity remains neutral, indicating room for growth before the market overheats.

Michael Saylor Shares Bitcoin Tracker Info Again, May Signal Further BTC Accumulation

Michael Saylor, founder of Strategy, once again shared Bitcoin Tracker-related information, stating, "Never underestimate those who buy orange ink by the barrel."

Historically, Strategy has disclosed Bitcoin purchases the day after such announcements.

Publicly Listed Basel Medical Group Launches $1 Billion Bitcoin Acquisition Plan

According to GlobeNewswire, Basel Medical Group Ltd (Nasdaq: BMGL) announced the launch of a $1 billion Bitcoin acquisition strategy aimed at significantly diversifying its asset reserves. The Singapore-based healthcare provider plans to execute the transaction through innovative equity swap arrangements with institutional investors and high-net-worth individuals in the crypto space, with terms expected to be finalized this quarter.

The initiative aims to create one of the strongest balance sheets in the Asia-Pacific healthcare industry, enhance acquisition flexibility, and establish a diversified asset base to withstand market volatility. Basel Medical Group CEO Dr. Darren Chhoa stated that this financial transformation will provide unprecedented capability to execute the company's growth strategy in Asia while maintaining sound financial management.

PYTH, MRS, VENOM, and Other Tokens to Unlock Over $400 Million This Week

According to Token Unlocks, several tokens, including PYTH, MRS, and VENOM, are set for significant unlocks this week, with a total release value exceeding $400 million:

Pyth Network (PYTH): Unlocking 2.13 billion tokens worth approximately $325 million (58.62% of circulating supply) on May 19 at 22:00 UTC+0.

Metars Genesis (MRS): Unlocking 10 million tokens worth approximately $177 million (0% of circulating supply) on May 22 at 08:00 UTC+0.

Venom (VENOM): Unlocking 59.26 million tokens worth approximately $6.13 million (2.86% of circulating supply) on May 25 at 16:00 UTC+0.

Murasaki (MURA): Unlocking 10 million tokens worth approximately $3.95 million (1% of circulating supply) on May 23 at 08:00 UTC+0.

Eigenlayer (EIGEN): Unlocking 1.29 million tokens worth approximately $1.84 million (0.43% of circulating supply) on May 20 at 03:00 UTC+0.

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