News

BlockBeats News, May 10th, a new poll by the Financial Times shows that over half of American voters disapprove of Trump's handling of the economy, citing concerns over inflation, rising cost of living, and the impact of a war with Iran on energy prices. Despite reports of job growth and a resurgence in manufacturing, as well as a rising stock market, public sentiment regarding the actual cost of living has caused Trump's economic approval rating to drop to around 37%, with disapproval reaching over 55%. The poll results highlight a disconnect between Wall Street and the general public in terms of economic perception, which could impact the Republican Party's performance in the 2026 midterm elections.

The Ministry of Planning and Finance stated that the South Korean government will further review its functional role in the restructuring of supply chains to ensure national energy security. Industry companies such as Korea National Oil Corporation, SK Energy, SsangYong Oil, and Hyundai Oilbank have called on the government to provide support in financing, diversification of import channels, tax policies, and the expansion of strategic oil reserve supplies.

According to ChainCatcher, citing a report from News1, the Korean National Tax Service is piloting the delegation of seized virtual assets to private crypto custody institutions for safekeeping and management, with the plan to first run on a trial basis until the end of this year. Major Korean custody institutions including KODA, KDAC, Hecto WalletOne, BDACS, and InfiniteBlock are all preparing to participate. Although the budget for this pilot project is only about $5,800, the industry believes that gaining a "Korean National Tax Service project" reference case carries symbolic significance.