💥✴️ The Crescendo hard fork has been activated on the mainnet of Kaspa. With a remarkable speed of 10 blocks per second, Kaspa enthusiasts claim it is the fastest Proof of Work (PoW) network available. For more details, visit Kaspa.

⚠️🛢🇷🇺 The ruble tax price of Russian oil fell in May below 4,000 rubles per barrel for the first time in two years, according to calculations by RTRS.

✨ DropsTab has released its latest report on the top 10 airdrops from the past month. For more details, visit here.

✨ Ripple has released its Q1 2025 report, showcasing impressive growth and developments. The report highlights a significant increase in transaction volumes and rapid product adoption among institutional clients. For more details, read the full report.

🔔 The SEC has postponed its review of the Canary application for a LTC ETF.

🇨🇳 China is employing DeepSeek technology to design advanced fighter jets, including the J-15 and J-35. Additionally, the nation is utilizing this technology for the development of next-generation aircraft such as the J-36 and J-50, according to SCMP.

🚀 The Pumpfun platform on Solana has generated $294 million in fees since the beginning of the year, surpassing the total of $249 million for the entire Ethereum network, according to Token Terminal.

💥✴️Coinbase has added PAX Gold #PAXG to its listing roadmap.

🚗 Ford has reported its latest earnings, posting an adjusted earnings per share (EPS) of $0.14, surpassing expectations of $0.03. This positive performance highlights the company's resilience and strategic direction in a challenging market.

🌍 Today’s Calendar — May 6, 2025

Japan reports no trading activities. The EU will unveil a roadmap for phasing out Russian energy sources. Canada's Carney is set to meet Trump for tariff discussions. Key economic indicators include the Caixin Services/Composite PMI from China at 04:45, Services/Composite PMI from Germany at 10:55, and the Eurozone at 11:00. The US trade balance will be released at 15:30. Short-term oil market forecasts from the US Energy Department are expected at 19:00. API oil inventories will be reported at 23:30.

Earnings reports include Ferrari at 13:35, Marriott at 14:00, and several US companies at 23:05.

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🌎 The current exchange rates show USDCNY at 7.222 and USDTRUB at 82.95.

🌍 China's economic indicators for April show a decline in the Caixin Services PMI, which stands at 50.7, down from 51.9. The Caixin Composite PMI also decreased to 51.1, compared to the previous figure of 51.8. These results suggest a slowdown in economic activity in the country.

⚠️🇨🇳 China is at risk of sinking into deeper deflation as it diverts part of its exports from the United States to the domestic market, according to a report by CNBC.

🇺🇸🇮🇷 A new round of negotiations between the United States and Iran may take place on May 10-11, according to Axios, citing remarks from Whitcoff.

📈 In the morning session, the Moscow Exchange Index (IMOEX) saw an increase of 0.6%.

⚠️🇹🇼 A new bill has been introduced in the U.S. Congress aimed at deepening ties with Taiwan.

⚠️🇬🇧 Britain is developing an updated version of its action plan in case of war, amid fears of an attack from a hostile state, reports The Daily Telegraph.

⚠️🛢 Trump stated that the collapse in oil prices increases pressure on Russia and raises the chances for a peaceful deal with Ukraine.

⚠️✴️🇺🇸 Florida has withdrawn and postponed indefinitely its bill concerning a BTC reserve. This decision follows Arizona's earlier veto on a similar BTC reserve bill.

🌕 Gold prices rose by 5% over the past two days. BBG reports on the resurgence of demand from China as the market rebounds following the holidays. For more details, visit the article here.