Wu Says Daily Selected Crypto News - U.S. Initial Jobless Claims for the Week Ending May 9th: 211k, Expected 205k

1. The number of initial unemployment claims in the United States for the week ending May 9th was 211k, compared to an expected 205k.

The number of initial unemployment claims in the United States for the week ending May 9th was 211k, compared to an expected 205k, with the previous figure revised from 200k to 199k. The U.S. import price index for April rose 1.9% month-over-month, versus an expected 1%, with the previous figure revised from 0.80% to 0.9%.

2. The U.S. Senate confirms Kevin Warsh as Federal Reserve Chair

The U.S. Senate confirmed Kevin Warsh as Federal Reserve Chair with 54 votes in favor and 45 against, succeeding Jerome Powell whose term ends this week. This is the narrowest confirmation vote in Fed Chair history, reflecting increasing partisan divisions over the Fed’s independence and interest rate policies. Warsh stated at the hearing that the Federal Reserve’s monetary policy would remain “strictly independent” under his leadership, but markets are watching whether he will respond to Donald Trump’s push for rate cuts. Meanwhile, the U.S. April PPI rose 6% year-over-year, surpassing market expectations, as inflation pressures from rising energy prices continue to spread.

3. Coinbase will become the official treasury issuer of USDC on Hyperliquid and plans to acquire USDH brand assets

Coinbase announced an expansion of its partnership with Hyperliquid, officially becoming the platform’s official treasury issuer of USDC as an Asset-Qualified Asset (AQA). As part of this transition, Native Markets has agreed to grant Coinbase the rights to purchase its USDH stablecoin project’s brand assets. The USDH market will gradually shut down over time, but users can still exchange USDH for USDC or fiat currency fee-free via Native Markets’ dashboard during this period.

4. Claude helps “recover” a 9-year dormant BTC wallet

User Cprkrn posted that Claude AI from Anthropic helped recover a Bitcoin wallet holding 5 BTC (about $400k) that had been dormant for nearly 9 years. On-chain data shows that the address had not moved funds since 2015 until recently becoming active again. Cprkrn said previous attempts using tools like btcrecover and Hashcat failed, but after uploading old computer files to Claude, the AI helped identify old wallet files related to the mnemonic phrase in the notebook, ultimately leading to successful recovery. Wallet recovery experts say that Claude assists users in analyzing, filtering, and matching clues within large amounts of historical files, serving as AI-assisted digital forensics and password recovery, rather than breaking Bitcoin’s underlying cryptography.

5. Bank of England considers easing stablecoin regulation restrictions, plans to reassess holding limits and reserve requirements

The Bank of England (BoE) is considering reevaluating its proposed regulation for GBP stablecoins. Deputy Governor Sarah Breeden said the central bank is exploring alternative schemes to cap individual and corporate stablecoin holdings and is assessing whether the requirement that at least 40% of reserve assets be held at the Bank of England without interest is too conservative. Previously, the digital asset industry warned that strict restrictions could hinder adoption and make UK tokens less economically competitive. According to a consultation document from November 2025, the original plan limited individual holdings to £20k, with corporate caps around $13.5 million.