Rhythm Morning News｜A summary of important news from last night and this morning on May 17

Floki DAO voted to pass the proposal to "destroy 15.246 billion FLOKI tokens"

On May 16, FLOKI officially announced that FLoki DAO voted to pass the proposal to "destroy 15.246 billion FLOKI tokens", with a support rate of 99.84%. According to the proposal, the tokens will be destroyed within a week.

EAI will be launched on NAKA DEX and Uniswap at 16:00 on May 17

On May 16, Eternal AI, an AI infrastructure on the Bitcoin chain, stated on the social platform that its native token EAI will be launched on NAKA DEX and Uniswap at 16:00 on May 17.

Aethir: Mainnet launch date and TGE are coming after the Aethir Cloud Drop event

On May 16, the decentralized cloud computing infrastructure project Aethir stated on social platforms that the mainnet launch date and TGE are coming after the Aethir Cloud Drop event.

Aethir Checker node license owners will receive 15% of the ATH utility token supply for running their nodes and contributing to the success and overall stability of the Aethir decentralized GPU cloud infrastructure.

Drift Protocol launches DRIFT token and opens airdrop claim

On May 16, Solana ecosystem DEX derivatives platform Drift Protocol has launched DRIFT tokens and opened airdrops.

Analysis: The easing of the labor market and the resumption of the downward trend of inflation will increase the possibility of a rate cut in September

On May 16, the number of initial jobless claims in the United States fell last week, indicating potential strength in the job market. The number of initial jobless claims in the United States in the week ending May 11 was 222,000. The data rose to its highest level in more than eight months last week, and this week's slight decline reversed some of the rise last week.

Tether will work with TON Foundation and Oobit to create a seamless crypto payment solution

On May 16, Tether will work with TON Foundation and Oobit to create a seamless crypto payment solution.

pump.fun is now back online, a former employee used his position to steal about $1.9 million

On May 17, pump.fun released the latest developments of the incident. Its contracts are safe and have always been safe; a former employee used his privileged position in the company to steal about 12,300 SOL (about $1.9 million).

The pump.fun team redeployed the contract. Trading will resume in the next 7 days with a transaction fee of 0%. Users can safely create tokens and buy and sell them.

U.S. Senate votes to overturn SEC's controversial crypto asset accounting rules

On May 17, according to the official website of the U.S. Senate, the Senate voted 60 to 38 to overturn the controversial crypto-asset accounting regulations of the U.S. SEC.

The SEC's previously issued Staff Accounting Bulletin 121 (SAB 121) requires companies to record their crypto assets on their balance sheets, but critics believe that this regulation is too strict and actually prevents major custodians and companies from holding crypto assets for their clients.

Magic Eden: In-wallet token claim products will be launched later in Q3

On May 17, Magic Eden stated on its social platform that the in-wallet token claim product will be launched later in Q3.

DTCC, Chainlink and several major U.S. financial institutions complete pilot to accelerate fund tokenization

On May 17, according to a report released on Thursday, the world's largest securities settlement system, the Depository Trust and Clearing Corporation (DTCC), blockchain oracle Chainlink (LINK) and several major U.S. financial institutions completed a pilot project to help accelerate fund tokenization.

According to OKX market data, LINK briefly broke through $15.8 and is now quoted at $15.68, with a 24-hour increase of 13.13%.

Fed's Bostic: A rate cut before the end of the year may be appropriate

On May 17, Fed's Bostic said he was satisfied with the progress of inflation in April, but the Fed had not yet reached its target. The decline in housing inflation is an important progress.

It may be appropriate to cut interest rates before the end of the year, but we do not have any definite plans. We must be open to a wide range of possibilities, and there are "many different scenarios" that may occur.

Inflation in May and June is being watched to ensure it does not rebound.

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