BNB breaks through the $600 mark

BlockBeats News: On May 4th, French Interior Minister Bruno Retailleau shared a case stating that three and a half months after the co-founder of Ledger was kidnapped for ransom, the father of a man who made a fortune in the cryptocurrency field was kidnapped in Paris on Saturday night and released through a raid, and four suspects were arrested. According to the Paris prosecutor's office, the man was kidnapped in the 14th arrondissement of Paris at around 10:30 am on Thursday. According to a police source, the kidnapping was carried out by four masked men in front of witnesses, who took the victims into a delivery van. The prosecutor's office did not disclose the specific ransom amount, but according to The Parisian newspaper, the criminals demanded a ransom of 5 to 7 million euros to be paid in the form of a transfer. According to sources close to the case, the kidnappers demanded a "very high" amount, but the ransom was not paid. Through extensive investigation, the police rescued the detained victim at a residence in Essonne province around 21:00 on Saturday evening. The prosecutor's office stated that the victim was injured and taken over by rescue personnel, but did not specify the extent of the injury. According to sources close to the case, one of the victim's fingers was chopped off.

BlockBeats News: On May 4th, Fidelity hinted that Bitcoin may soon take over the baton from gold. Jurrien Timmer, Global Macro Director of Fidelity Investments, recently published a detailed analysis of the dynamic relationship between Bitcoin and gold. He cited data from Fidelity Management and Research Company (FMR Co) and Bloomberg to analyze the trends in the Sharpe ratio (a measure of risk adjusted returns) of two assets, and pointed out that their relative performance may be at a turning point. Ironically, there is a negative correlation between gold and Bitcoin. As can be seen from the chart below, the Sharpe ratios of these two assets have been alternately leading recently, "he commented, adding," It seems that the next moment may be Bitcoin's leading moment, as its Sharpe ratio is currently -0.40, while gold is 1.33. Therefore, we may witness the baton handover from gold to Bitcoin The chart he shared shows that gold's recent return was $22.51, while Bitcoin's was $13.22. The return of gold was magnified fourfold to reflect its lower volatility, while the return of Bitcoin was not adjusted proportionally and remained at double. Timmer also commented on the psychological and behavioral aspects of investing in Bitcoin. He described the volatility and unpredictability of Bitcoin as its fundamental characteristics: "Bitcoin is slightly different from gold because it has the dual personality of 'Dr. Jekyll and Mr. Hyde'." According to Timmer, Bitcoin performs best when the money supply (M2) and stock market expand simultaneously, thanks to its dual attractiveness as a speculative asset and a store of value. And gold, he commented, 'has only one attribute', providing more stability. Timmer acknowledges the legitimacy of Bitcoin in today's monetary landscape, calling it a "modern invention that aspired to become a hard currency in the era of loose monetary policy.

OKX - TRUMP is currently priced at $11.17, with a 13.47% drop over 24 hours. 24-hour transaction volume of 2.1 billion US dollars, up 42.99%, for reference only

Odaily Planet Daily News: NASDAQ listed Thumzup Media Corporation has submitted a registration statement on Form S-3 to the US Securities and Exchange Commission (SEC), planning to issue up to $200 million in common stock, warrants, units, or rights. The company plans to use the raised funds for general corporate purposes, including purchasing Bitcoin as its main reserve asset and arranging daily operating capital.

According to BlockBeats, on May 4th, according to Lookonchain monitoring, a participant in an Ethereum ICO sold 1500 ETH (approximately $1.76 million) again 6 hours ago. Since the long silence ended on April 17th, it has sold a total of 16500 ETH (approximately $29.35 million) at an average selling price of $1779 per ETH, and currently holds 13500 ETH (approximately $24.82 million).