India is revising its approach to trade barriers, moving away from previous strategies aimed at attracting global firms to relocate production within its borders. Bloomberg posted on X, highlighting that the initial plan, championed by Prime Minister Narendra Modi, focused on increasing trade barriers to incentivize international companies to establish manufacturing operations in India. However, this strategy is now being reconsidered as the country seeks alternative methods to draw foreign investment and boost its economic growth. The shift comes amid changing global economic dynamics and the need for India to remain competitive in the international market. By reducing trade barriers, India aims to create a more favorable environment for foreign businesses, encouraging them to invest and expand their operations in the country. This move is expected to enhance India's position as a viable destination for global manufacturing and investment. The decision to alter the trade barrier strategy reflects India's broader economic goals, which include increasing exports, creating jobs, and fostering sustainable growth. As India adapts to new economic realities, the government is exploring various avenues to attract foreign capital and strengthen its industrial base. This strategic pivot is part of India's ongoing efforts to integrate more deeply into the global economy, leveraging its strengths and addressing challenges to ensure long-term prosperity.

Riot reported a revenue of $167.2 million for the first quarter of 2026, with $33.2 million generated from its newly established data center business. According to NS3.AI, the company's Bitcoin mining revenue decreased to $111.9 million, down from $142.9 million in the same period last year. This decline was attributed to lower average Bitcoin prices and a 24% increase in the global hash rate, which impacted the results. By the end of the quarter, Riot held 15,679 Bitcoin, valued at approximately $1.1 billion.

The Ethereum Foundation sold 10,000 ETH to BitMine, marking its third over-the-counter transaction in two months. (Cointelegraph)

Finland must address its increasing public debt without further delay, according to Bank of Finland Governor Olli Rehn. Bloomberg posted on X, highlighting Rehn's concerns about the nation's fiscal situation. The governor emphasized the urgency of implementing measures to manage the debt effectively, warning against postponement. Rehn's remarks underscore the importance of fiscal responsibility in maintaining economic stability. The Finnish government faces pressure to devise strategies that will curb the rising debt levels and ensure long-term financial health.

According to official sources, Binance Alpha will list Billions Network (BILL) on May 4th. Eligible users can claim the airdrop using their Binance Alpha Points on the Alpha event page after trading opens on Alpha. Further details will be announced later.

SolanaFloor has reported on X platform that a suspected MEV bot executed a price manipulation attack on Meteora's ANB pool. According to Odaily, the bot managed to convert $0.22 USDC into $696,000 USDC in a single transaction. As a result, the ANB token experienced a 99% decline.

Bitdeer, a Nasdaq-listed Bitcoin mining company, has released its latest Bitcoin holdings data on the X platform. According to Foresight News, as of the week ending May 1, Bitdeer produced 186 BTC through mining activities. However, the company sold an equivalent amount of 186 BTC during the same period, resulting in a net addition of zero BTC to its holdings. Bitdeer continues to maintain a zero Bitcoin holding position.

The global cryptocurrency market cap now stands at $2.57T, up by 1.14% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $77,146 and $78,914 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $78,309, up by 1.27%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include BIO, KNC, and BABY, up by 27%, 22%, and 17%, respectively. Top stories of the day: Negative Funding Rates Across Major CEXs and DEXs Signal Broad Bearish Positioning as Bitcoin Slips Bitcoin Short-Term Holders Turn Profitable for First Time in Six Months, Flagging Key Resistance Risk CryptoQuant Warns Bitcoin's April Rally Was Futures-Driven With Declining Spot Demand, Mirroring 2022 Bear Market Setup Record US Stock Highs Mask Dangerous Valuations Second Only to Dot-Com Bubble, FT Warns Bitcoin News: Bitcoin Climbs to $77,000 But Remains Range-Bound as Negative Funding and Weak Conviction Cap Upside Market movers: ETH: $2305.69 (+0.94%) BNB: $615.42 (-0.32%) XRP: $1.3856 (+0.67%) SOL: $83.94 (-0.11%) TRX: $0.3299 (+1.13%) DOGE: $0.10765 (-0.32%) WBTC: $78093.72 (+1.31%) U: $1 (-0.02%) XAUT: $4600.16 (+0.70%) BCH: $449 (+1.31%) Top gainers on Binance: BIO/USDT (+27%) KNC/USDT (+22%) BABY/USDT (+17%)

SolanaFloor posted on the X platform that a suspected MEV bot performed a MEV-style pool price manipulation attack on Meteora's ANB pool, converting $0.22 USDC into $696,000 USDC in a single transaction. The ANB token price plummeted by 99%.

OpenAI has announced a substantial improvement in artificial intelligence's ability to write code. According to Jin10, AI's contribution to code writing has increased from 20% to 80% within a month. This development marks a significant advancement in AI technology, showcasing its growing proficiency in software development tasks.

Why do investors worldwide flock to Warren Buffett's Omaha meeting? Golden Finance: Why is Berkshire Hathaway's shareholder meeting so special?

Most Polymarket users believe this shouldn't be considered a "Yes" because it's premature and doesn't meet the criteria. Even some "Yes" holders share this view.

The structural contradictions exposed in the first quarter include the sticky inflation caused by the combination of tariffs and war, the policy combination of quantitative tightening and maintaining high interest rates under the leadership of Walsh, and the vicious cycle of oversupply and capital depletion in the counterfeit market.

Powell, the Federal Reserve, Powell's last press conference: What did the crypto community hear? Golden Finance: The good news is real, and the bad news is real too.

Where technology comes from determines where it can go. Cross-border mergers and acquisitions are shifting from being a path for technology diffusion to a new consideration for technology flow.

Strait of Hormuz, USDT, Whose Dollar? USDT in the Strait of Hormuz and the Disorderly Dollar System. Golden Finance: Whose Order, Whose Permission, Whose Dollar?

The news of the halt to Meta's acquisition of Manus sparked a mixed reaction. Some cheered, some frowned, some worried about the enthusiasm of foreign venture capitalists, and some worried about the potential harm to Chinese innovation.

Jinse Finance launches its cryptocurrency and blockchain industry daily news report, "Jinse Morning 8," issue 3044, providing you with the latest and fastest news on the digital currency and blockchain industry.

On one hand, there is a flurry of releases of core PCE data from the Federal Reserve, the Bank of Japan, the European Central Bank, and the United States; on the other hand, there is a concentrated burst of industry narratives, causing the market to oscillate between "expectation" and "panic".

Payments, Cryptocurrency, Financial System, The "Last Mile" Problem of Cryptocurrency Payments (Jinse Finance): The "delivery" of cryptocurrency to fiat currency is far more complex than it seems.