Golden Morning News | Overview of Important Overnight Developments on May 1

21:00-7:00 Keywords: Musk, Arbitrum, OpenAI

1. Musk: Most cryptocurrencies are scams;
2. Trump: Doesn’t care whether Powell remains as a board member;
3. The U.S. crypto market structure bill is set to move forward soon, and ethical controversy has become the key issue;
4. The U.S. Senate passes a rule limiting senators’ participation in prediction market trading;
5. U.S. officials say the cost of the Iran conflict could be as high as $50 billion, which is twice the official disclosure;
6. Arbitrum DAO launches a vote, planning to release 30,766 ETH to handle the aftermath of the Kelp attack;
7. OpenAI’s $500 billion “Interstellar Gate” project is being adjusted, and some projects have even been abandoned.