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📢 Gate Square Daily Report | May 11
1️⃣ Geopolitical Situation: Iran responds to the U.S. ceasefire plan, focusing on ending the war and addressing maritime security issues.
2️⃣ Market Trends: The crypto market rallies across the board, with the PayFi sector leading at 3.26%, and BTC returns above $81,000.
3️⃣ Macro Developments: The Federal Reserve is set to welcome its 17th chairman; the incoming chairman, Kevin Waish, is expected to officially take over from Powell on May 15.
4️⃣ Industry Updates: Executives from Google and PayPal say that crypto payments will become the underlying infrastructure for future AI agent business models.
5️⃣ Miner Updates: Analyst Darkfost points out that Bitcoin’s total network hashrate has fallen below the annual average, which may reflect continuously increasing pressure on miners.