Gate News bot message, according to the announcement of the U.S. Senate Banking Committee, Senate Banking Committee Chairman Tim Scott, Chair of the digital asset Subcommittee Cynthia Lummis, Senators Bill Hagerty and Thom Tillis today released principles for developing market structure legislation. These principles will guide Chairman Tim Scott and his colleagues in discussions and negotiations with industry participants, legal and academic experts, and government stakeholders regarding the text of the bill.

As concerns grow in the market over Trump's firing of The Federal Reserve (FED) chairman, gold prices have rapidly risen, with New York futures and Spot gold prices reaching $3500 per ounce. Gold prices in India have also surged, drawing the attention of the middle class. Indian households may face greater pressure during the upcoming gold purchasing festival. Investors are turning to gold to avoid uncertainty with the dollar, which keeps gold in a favorable position.

Gate News bot message, Fox News reporter Eleanor Terrett posted on X stating that the Senate Banking Committee is developing its version of the principles for the Crypto Assets market structure bill—this bill will be the focus of the subcommittee hearing led by Senator Cynthia Lummis next week.

Jin10 News May 21, KCM Trade Chief Market Analyst Tim Waterer stated, "In the medium to long term, gold prices are expected to further pump, but any positive news regarding trade protocols may become an obstacle for gold prices attempting to return to the $3500 level."

Odaily News The head of the Ethereum Foundation protocol, Tim Beiko, stated in a post that the Pectra upgrade will be executed on Ethereum on May 7, with an expected epoch height of 364032.

Gate.io News bot news, Reuters reports that Zoop, a startup founded by OnlyFans founder Tim Stokely, has submitted a letter of intent to acquire TikTok to the White House. Zoop has partnered with Hbar Foundation, becoming one of the bidders ahead of the deadline faced by ByteDance. Zoop has promised in its proposal to allocate most of its revenue to content creators and is currently negotiating cooperation with multiple investors, with specific details not yet disclosed. The New York Times also reported that Amazon has submitted a letter of intent for acquisition. According to U.S. law, ByteDance must complete the acquisition or exit the U.S. market for TikTok by April 5, as the bill will officially take effect in January 2024 based on national security concerns.

Gate News bot, billionaire and Silicon Valley investor Tim Draper reiterated that the price of bitcoin will reach $250,000 by 2025. Draper has been sticking to his previous price prediction of $250,000 for Bitcoin, citing several factors that could push the price higher. He said that bitcoin could overtake the dollar "indefinitely", which he predicted last month. Draper added that in 10 years the dollar will cease to exist because Bitcoin will take its place. At the same time, the market is generally optimistic as President Trump continues to move forward with a trade deal. Recently, Trump Media & Technology Group submitted an application for a Bitcoin spot ETF, which became an important catalyst. Another factor is the upcoming regulatory framework for cryptocurrencies in the United States. On May 19, the U.S. Senate passed the GENIUS Act in a bipartisan vote of 66 in favor and 32 against, taking a key step toward regulating stablecoins.

Odaily News Tim Berners-Lee, the inventor of the World Wide Web and Hypertext Markup Language (HTML), stated that if he were to build the Domain Name System (DNS) today, he would make it "more decentralized." (Cointelegraph)

PANews reported on May 8 that Ethereum core developer Tim Beiko released a proposal to "reconstruct the governance process of AllCoreDevs", aiming to optimize the functional decision-making mechanism in network upgrades. The proposal proposes to clarify the strategic direction of the "fork focus" (e.g., extensibility, developer experience, etc.) before each hard fork, and evaluate the feature proposal through a standardized template that requires a clear description of the technical value, risks, and community impact. The new process uses a two-stage review: early community discussion and later testnet validation, with only 1-2 core functions advanced for each layer of upgrade to avoid resource dispersion. For controversial cases such as EOF, it is stipulated that rejected proposals may not be resubmitted in other forms in the same cycle. The programme also proposes the establishment of a formal working group mechanism to conduct regular strategic reviews of long-term development projects. The reform aims to improve decision-making transparency, balance development efficiency and community consensus, and is expected to significantly improve Ethereum's upgrade governance model. raise

Gate.io News bot message, Ethereum core developer Tim Beiko released a new proposal aimed at restructuring the AllCoreDevs governance process. The proposal focuses on optimizing the selection mechanism for flagship features in network upgrades, specifically including clarifying fork priorities, limiting one flagship feature per layer, establishing a dual-phase community feedback mechanism for both early and testnet, and formally establishing a long-term upgrade working group. These measures aim to enhance decision-making transparency and governance legitimacy. Source: Wu Says

Naoris Protocol completed a $3 million strategic round of financing to develop blockchain security infrastructure against quantum computing threats. Its core products include a plug-and-play cybersecurity mesh architecture and a PoS Consensus Mechanism that meets international security standards. The company had previously completed a $11.5 million financing.

According to the Gate.io News bot, Tim Beiko summarized the 210th Ethereum execution layer core developer meeting (ACDE), which discussed several important topics. Regarding the EIP-7935 proposal, developers plan to increase the L1 gas limit before the launch of Fusaka. The current Gas Limit is 36M, and the proposal suggests raising it to XX0 M before Fusaka. Although the specific value is set by validators, it will be coordinated through EIP to adjust the default value for clients. The conference also established the configuration specification format for the BPO fork and discussed the EOF upgrade matters. A developer suggested replacing the EVM with RISC-V. Considering the uncertainty of the RISC-V solution, this proposal did not change Fusaka's decision on EOF, but the development team believes that EOF may not be a long-term execution environment. In addition, the client team plans to delete the history on the Sepolia test network in the coming weeks. Source: Wu Says

Under the influence of Trump's tariffs, Asian stock markets fell for the second consecutive day, with the Nikkei 225 index's decline widening. The surge in the yen pressured the Nikkei index, as investors rushed to safe havens, expecting Japanese government bond prices to achieve the largest weekly rise in nearly 40 years.

According to the Gate.io News bot, Tim Beiko, a core developer of Ethereum, proposed a structural adjustment plan for the AllCoreDevs (ACDE\ACDC) meeting. The plan suggests repositioning the AllCoreDevs meeting to focus on future upgrade planning as a platform, and transferring the specific implementation matters of the current fork to the existing testing calls (ACDT) mechanism for handling. Currently, the agenda of the AllCoreDevs meeting involves a wide range of topics, requiring developers to frequently shift their focus from long-term development planning to short-term technical debugging within the same meeting, which reduces the efficiency of the discussions. By separating responsibilities, the AllCoreDevs meeting will focus on strategic issues, while testing conference calls will be responsible for addressing specific tactical problems.

ChainCatcher news, American billionaire investor Tim Draper stated in an interview, "I have been constantly buying more Bitcoin." Previously, Tim Draper mentioned that Bitcoin will replace the US dollar within 10 years. Tim Draper was involved in a U.S. Marshals auction in July 2014.

TSL and early Skype investor Tim Draper stated that he continues to buy Bitcoin, having acquired approximately 29,656 Bitcoins for about $19 million. Draper is optimistic about the future potential of Bitcoin, believing it can provide liquidity for emerging markets and serve as a hedge against currency devaluation.

Golden Finance reported that the cross-chain DeFi protocol CrossCurve has announced the completion of a new round of financing of $1 million, with investors including Coinbase investor Tim Draper, 1inch co-founder, and GBV Capital. So far, the company's total financing has reached $9.5 million. It is reported that the new funds will be used to build decentralized unified cross-chain liquidity and incentive mechanism infrastructure based on Curve AMM for CrossCurve.

Jin10 data reported on May 5, the gold price strengthened on Monday, boosted by the weakening dollar, as investors awaited clearer trade policies between the U.S. and its trading partners, and anticipated the policy decision to be announced by the Federal Reserve later this week. Tim Waterer, Chief Market Analyst at KCM Trade, stated, "Ahead of this week's Federal Open Market Committee (FOMC) Meeting, the sluggish dollar movement has allowed gold prices to rise slightly. We may see gold prices continue to trade in the range of $3200-$3350 before the Federal Reserve meeting. However, any new news regarding the trade agreement could lead to an increase in volatility again."

Coinbase investor Tim Draper stated on the X platform that the value of Bitcoin could reach "unlimited" dollars, warning of the collapse of fiat trust and the weakness of the dollar. He pointed out historical cases, such as the Inflation of Confederate silver dollars during the Civil War, which saw the dollar drop to 10 million to 1, and noted that current dollar confidence is decreasing, suggesting that the U.S. may increase its Bitcoin strategic reserves.

According to the Gate.io News bot and a report by Cointelegraph, Tim Scott, the chairman of the U.S. Senate Banking Committee, announced that the cryptocurrency market structure bill is expected to officially take effect before August 2025. Scott revealed that the Senate Banking Committee has advanced a comprehensive stablecoin regulation bill—the GENIUS Act—in March 2025. In his remarks, he emphasized that in order to ensure the United States' dominant position in digital assets within the global economy, innovation should occur prior to regulation.