META price

📊 On-chain trading platform MyStonks launches tokenized US stock market, with the first batch of $50 million in US stock assets custodied by Fidelity. The on-chain trading platform @MyStonksCN announced that it has completed a platform upgrade and officially launched a tokenized US stock market fully supported by 100% custody. Crypto users can purchase US stocks through MyStonks, with global asset management giant Fidelity providing custody services for platform users. The first batch of custodied assets amounts to $50 million. Reportedly, the first batch of securities assets custodied by MyStonks includes token equivalents of 95 US stocks such as $AAPL, $AMZN, $DIS, $GOOGL, $META, $MSFT, $NFLX, $NVDA, and 5 ETFs of cryptocurrencies and stocks listed in the US. The platform is a decentralized crypto asset trading platform created based on the Stonks community CTO (Community Take Over), offering users 100% US stock asset custody support, 1:1 on-chain issuance, and trading of RWA (Real World Assets).

Tech titan Meta (META) has reportedly been looking into the possibility of a return to the stablecoin market after having spurred a U.S. regulatory backlash from its efforts in years past, and U.S. Senator Elizabeth Warren told CoinDesk that the pending legislation to govern stablecoins needs to insist that's not possible. A high-stakes crypto bill to set up U.S. rules for stablecoins such as Tether's USDT and Circle's USDC was virtually sailing through the Senate until Democrats — including some who had supported the effort in committee — rose against it in recent days and halted the bill's progress on the Senate floor this week. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act needs to change to prevent the large corporations from issuing their own money, Warren said. "The Senate must fix the GENIUS Act so it prohibits Big Tech companies and other commercial giants from owning or affiliating with stablecoin companies," the Massachusetts Democrat said in a statement to CoinDesk. "No Senator should vote to make it easier for Big Tech to pry into our financial transactions or choke off small businesses and political adversaries from the payments system." Six years ago, Meta sought to launch its own crypto stablecoin, Libra (later called Diem), and nearly made it to the finish line before an uproar from certain regulators and lawmakers derailed the project. She argued that Meta chief Mark Zuckerberg, whose company gave $1 million to President Donald Trump's inaugural fund, is trying to get back into the business, and she called for Zuckerberg "to explain to Congress if this is another attempt to control the American people’s money." When asked for comment on Warren's views, Meta directed CoinDesk to what communication director Andy Stone had posted on social media site X: "Diem is 'dead.' There is no Meta stablecoin." The GENIUS Act is now back in negotiations, and some lawmakers remained hopeful it could reappear on the Senate floor as early as next week. There's also a House of Representatives version similarly winding its way through the process in that chamber of Congress. Binance and the Treasury Warren, the senior Democrat on the Senate Banking Committee has been busy with her crypto-sector scrutiny, also joining in with colleagues on Friday to question Treasury Secretary Scott Bessent and Attorney General Pam Bondi on their interactions with Binance as it reportedly sought to smooth out the U.S. legal demands the exchange still labors under after a 2023 settlement. Five DemocratIc senators — also including Richard Blumenthal, Chris Van Hollen, Mazie Horono and Sheldon Whitehouse — sent a letter to the officials about the exchange's discussions with the U.S. government as Binance increases business ties with World Liberty Financial, the crypto company tied to President Donald Trump and his family. "As the administration loosens oversight on an industry where bad actors have violated money laundering and sanctions law, it is not surprising that Binance, which has admitted to prioritizing its own growth and profits over compliance with U.S. law, would seek to roll back the oversight required by its settlement," they wrote in the letter, noting Binance's constraints based on its past guilty pleas to a list of charges including money laundering and sanctions violations, for which the company is still under the observation of independent monitors.  "Our concerns about Binance’s compliance obligations are even more pressing given recent reports that the company is using the Trump family’s stablecoin to partner with foreign investment companies," the senators said. Spokespeople for Binance didn't immediately respond to a request for comment. Read More: Trump's Crypto Play Fuels Senators' Backlash and Bill to Ban President Memecoins Nikhilesh De contributed reporting. UPDATE (May 9, 2025, 21:16 UTC): Adds response from Meta.

$INJ adds $AAPL, $MSFT, $AMZN, and $NFLX. @injective ‘s onchain iAsset repertoire just got stronger. 💪🏾

Injective has done the impossible. Starting now, anyone can access @Apple, @Microsoft, @Amazon and @Netflix stocks entirely onchain for the first time ever. Powered by Injective’s groundbreaking iAsset framework, these equities are now live as programmable financial instruments with universal accessibility and deep liquidity. $AAPL, $MSFT, $AMZN and $NFLX today join Injective’s recently launched onchain stocks such as $META, $NVDA, $GOOGL and $TSLA. Users globally can access these stocks and more RWAs via Injective’s flagship exchange @HelixApp_! This release goes far beyond just tokenization. This is the foundation of a new financial system. Onchain Wall Street is here.

Good morning, and God bless, #Team42! Today’s Key Macro Question(s): Is #AI inherently inflationary? A slew of Mag-7 and other big tech earnings events have us revisiting the topic of AI. A cursory review of the following Bloomberg News headlines shows just how dominant the theme has become to every investor in the world — either explicitly via direct exposure or implicitly via the concentrated global macro market risk that the AI theme represents: -Meta Gains After Zuckerberg Predicts ‘Really Big Year’ in AI $META -Tesla Rises on Optimistic Robotaxi Rollout Plans $TSLA -IBM Shares Jump on Strong Sales Outlook and AI Bookings $IBM -Inside Amazon's Plan to Cut Managers: More Direct Reports, Fewer Senior Hires, and Pay Cuts $AMZN Said simply, when the AI trade stops working, investors are unlikely to generate positive absolute returns by rotating into other risk assets like #Bitcoin to manage risk. Correlations will approach 1 across asset classes when capital is destroyed on the scale it eventually will be when the AI trade stops working. To be clear: we are still bullish and see upside through the spring. The summer is when we anticipate the development of a series of interconnected hawkish catalysts triggering a potential crash in US stocks and, by extension, global risk assets. It is January, not July, so we have time to confirm or disconfirm that thesis and continue maximizing upside capture in the raging bull market we began anticipating in Jan-23. Respect the x-axis! Over a much longer-term time horizon, we believe AI will likely transform the US from a democracy into an oligarchy. When AI replaces a critical mass of the white-collar workforce, the economy will eventually feature AI agents selling products to other AI agents on behalf of companies at scale.  As such, we can envision a future where the share of income generated by AI exceeds that generated by humans. Reread the $AMZN headline from above. Income and wealth inequality will skyrocket to unprecedented levels in that scenario—hence, the inevitable oligarchy. Remember who was sitting where during President Trump’s inauguration and future US presidential inaugurations. If that AI-dominance scenario proves remotely prescient, it raises the following question: Who is in charge then? What happens to the fiscal coffers? Recall that ~85% of federal tax receipts currently come from human beings via individual income taxes at ~50% and Social Security taxes at ~35%. We are in a Fourth Turning — an era of GREAT institutional, technological, and geopolitical CHANGE. Once-in-a-lifetime outcomes occur during Fourth Turnings.  As such, the distribution of probable outcomes is much wider than uninformed or poorly read people realize—which, unfortunately, is a rapidly growing share of society. According to the New York Times, 33% of US eighth graders read at a substandard level. That figure is 40% for fourth graders. Both are record-high rates of illiteracy. Be sure to thank your local CCP official for gifting your kids #TikTok! What happens if an AI-driven US fiscal crisis is the thing that catalyzes the potential loss of US dollar hegemony and the US’ exorbitant privilege? If those institutions are ever up for serious debate, we should expect such disagreements to eventually catalyze WWIII because, of course, we are not going to relinquish that immense power without a fight. All this suggests the ultimate outcome of AI may be more inflation, after a transitory period of disinflation or deflation. We saw a preview of how both Republicans officials and Democrat officials respond to mass unemployment during COVID: MASSIVE budget deficits that were largely monetized by the Fed. Moreover, total war is the most inflationary dynamic that has ever existed in society. Protect your family. Protect your wealth. Know that we built our KISS Portfolio Construction Process to help ordinary people do just that. Please like and repost if you found this note helpful. Thank you!