This article is adapted from The Block's newsletter "The Daily," reporting the latest developments in the cryptocurrency field. The main content includes:

1. The World project founded by Sam Altman has launched in the United States. This project verifies user identity by scanning their eyeballs and issues WLD tokens.
2. Ethena Labs has partnered with the TON Foundation to introduce synthetic stablecoins USDe and sUSDe into the TON blockchain ecosystem, which is closely related to Telegram.
3. Japanese investment firm Metaplanet plans to establish a wholly-owned subsidiary in Miami, USA, to promote global expansion.
4. JPMorgan's Kinexys blockchain platform is expanding in the Middle East and North Africa, cooperating with multiple leading banks to enhance cross-border payment and transaction efficiency.
5. Eric Trump, Web3 Ambassador of World Liberty Financial, stated that cryptocurrencies will cause large banks to fall behind due to their refusal to innovate and hostility towards political outsiders.
6. Coinbase will suspend Movement token trading on May 15 due to abnormal market maker activity causing the token price to hit new lows.

These events reflect the rapid development and innovation trends in the cryptocurrency industry while also revealing challenges faced by traditional financial institutions.

The following article is adapted from The Block’s newsletter,The Daily, which comes out on weekday afternoons.Happy Thursday! Crypto is trading hotter than the desert heat of Dubai at TOKEN2049, with bitcoin back above $97,000 and green candles lighting up almost across the board. The question is: are we so back, or is it time to sell in May and walk away?In today's newsletter, Sam Altman's human verification crypto project World is launching in the U.S., Ethena brings its synthetic stablecoins to TON, Metaplanet plans to establish a U.S. subsidiary and more.Meanwhile, Coinbase said it will suspend trading of Movement's token on May 15 amid the recent controversy surrounding "market maker abnormalities" — seeing MOVE plunge to a new all-time low.Let's get started.World, previously known as Worldcoin, is launching in the United States. The project founded by OpenAI CEO Sam Altman enables users to verify their personhood via the crypto project's infamous eyeball-scanning Orbs to establish a World ID and earn WLD tokens.Ethena Labs and the Ethena Foundation have partnered with the TON Foundation to introduce synthetic stablecoins USDe and sUSDe into TON's blockchain ecosystem, which is closely tied to the messaging app giant Telegram.Japanese investment firm Metaplanet plans to establish a wholly-owned U.S. subsidiary in Miami, Florida, this month as part of its ongoing global expansion strategy.JPMorgan's Kinexys blockchain platform has expanded its footprint in the Middle East and North Africa, securing partnerships with eight of the region's leading banks, including Qatar National Bank and Saudi National Bank, to power cross-border payments, treasury functions and transaction efficiency.World Liberty Financial Web3 Ambassador Eric Trump said crypto will leave big banks "in the dust," claiming their refusal to innovate and their hostility toward political outsiders will lead to their downfall.Never miss a beat with The Block'sdaily digestof the most influential events happening across the digital assetecosystem.

Sam Altman's World Project Launches in the United States; Eric Trump Claims Cryptocurrency Will Surpass Major Banks