1. U.S. April PPI annual rate hits a new three-year high;
2. The U.S. Senate confirms Warsh as Chair of the Federal Reserve;
3. Warsh will officially take office after completing the White House signing process, while Powell is expected to remain as a Fed Governor;
4. Eugene: Due to weakening BTC trends, has stopped out of SOL positions and will step aside temporarily;
5. Coinbase CEO: The CLARITY Act is unprecedentedly close to passage;
6. Consensys, valued at approximately $7 billion, delays its IPO plans until at least this fall;
7. Nick Timiraos: U.S. House committee reviews bill aiming to eliminate the Fed's dual mandate;
8. Polymarket's monthly trading volume declined month-over-month for the first time since August last year, dropping to $10.2 billion in April;
9. David Sacks: Review of the CLARITY Act is a key step for the U.S. to become the "global crypto capital";
10. Ledger postpones its U.S. IPO plan and considers switching to private fundraising;
11. Aave CEO Stani: The Clarity Act will provide key legal protections for DeFi developers in the U.S.;
12. Coinbase staked 4.5 million ETH in Q1, accounting for 12.17% of the total Ethereum network;
13. CZ: Rather than AI itself, prefers to invest in AI computing power infrastructure.
According to Odaily, data from Gate shows that the central parity rate of the Chinese yuan against the US dollar was raised by 30 pips to 6.8401, marking the highest level since March 24, 2023. The previous day's central parity rate was 6.8431, the previous day's official closing price was 6.7905, and the overnight session closed at 6.7903.
Odaily reported that Fidelity posted on X, expressing appreciation for the Senate Banking Committee's advancement of the CLARITY Act. Fidelity stated that the bill offers a balanced regulatory approach, and if passed, would provide legal clarity for the digital asset market, benefiting US investors and helping to ensure America's leadership in the global digital asset space.
Odaily reported that user Cprkrn posted on X platform, stating that they used Claude, an AI model developed by Anthropic, to recover a wallet with a lost seed phrase and retrieve approximately $400,000 worth of BTC. The post garnered millions of views and sparked discussions about the potential application of AI in seed phrase recovery and crypto asset security. As of now, Anthropic and the official Claude team have neither confirmed nor responded to this claim.
Odaily Sasha Mills, Executive Director of the Bank of England, stated that the Bank of England views stablecoins as a new form of money and will not pick winners between tokenized deposits and stablecoins. The Bank of England will open applications for systemic stablecoins by the end of the year. Such stablecoins, widely used for payments, could pose risks to financial stability and will be regulated by the central bank. Matthew Long, Director of Payments and Digital Assets at the Financial Conduct Authority (FCA), indicated that other stablecoins are regulated by the FCA, and there is still room for sterling-denominated stablecoins to play a role. Mills also noted that 99% of global stablecoins are denominated in US dollars and do not comply with the US GENIUS Act. The UK is on a parallel timeline with the US in this regard.
According to data from msx.com, at the close of US stock markets, the Dow Jones fell 0.14%, the S&P 500 rose 0.58%, the Nasdaq rose 1.2%, and the VIX panic index fell 0.67%. Crypto concept stocks broadly declined, with Strategy down 3.46%, DeFi Development down 3.13%, Sharplink Gaming down 2.93%, Coinbase down 2.81%, and Bullish down 2.31%. It is reported that msx.com is a decentralized RWA trading platform, having listed hundreds of RWA tokens, covering US stocks and ETF token targets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.
According to the latest data from Gate, the price of gold has risen to $4,705.14 per ounce, up 0.34% on the day. The price of silver has increased to $88.052 per ounce, up 1.44% on the day. BVIX (BTC Volatility Index) is currently quoted at 39.75, up 1.4% on the day. EVIX (ETH Volatility Index) is currently quoted at 55.4, up 2.4% on the day. In forex, the USD/CNH exchange rate fell 0.03% on the day to 6.78524. The USD/JPY exchange rate rose 0.02% on the day to 157.853. In global stock indices, the Euro Stoxx 50 (EUSTX50) rose 0.56% on the day to 5,887.93 points; the UK FTSE 100 (UK100) fell 0.08% on the day to 10,340.6 points; the German DAX 40 (GER40) rose 0.09% on the day to 24,256.8 points. In commodities, WTI crude oil was flat on the day at $101.75 per barrel. Brent crude oil rose 0.09% on the day to $108.72 per barrel. Gate supports users in directly trading traditional financial market products on its platform, offering a one-stop solution covering multiple asset classes such as precious metals, forex, global stock CFDs, major indices, and commodities. This enables deep integration of crypto assets with traditional financial assets. Gate's TradFi-related features have been fully integrated into the Gate App and Web interface. Without switching platforms, users can conveniently participate in global asset price trading, unlocking more strategies and opportunities beyond the crypto market to continuously enhance their multi-asset allocation experience.
Odaily Planet Daily News On the last day of the discovery phase in Musk's lawsuit against OpenAI, a Microsoft executive revealed in court that by June 2026, Microsoft's total investment in OpenAI (including investment commitments, infrastructure, and computing power hosting costs) will exceed $100 billion.
The report states that this figure is significantly higher than the market's general understanding of a $13 billion cash investment, marking the first disclosure of Microsoft's overall costs in supporting OpenAI through underlying computing power and infrastructure. Microsoft CTO Kevin Scott also confirmed that when the two parties first built the initial supercomputer, they deployed tens of thousands of GPUs at once.
Furthermore, after Microsoft and OpenAI concluded their presentation of evidence, Musk's team chose to forgo the rebuttal phase, officially ending the three-week discovery period. The court is expected to enter the closing argument phase on Thursday.
According to SoSoValue data, yesterday (May 13, Eastern Time), HYPE spot ETFs recorded a total net inflow of $1.3571 million in a single day.
Only the 21Shares Hyperliquid ETF (THYP) saw inflows yesterday, with a single-day net inflow of $1.3571 million, bringing its historical total net inflow to $2.5248 million.
As of press time, the total net asset value of HYPE spot ETFs stands at $31.667 billion, with a HYPE net asset ratio of 0.03%. The historical cumulative net inflow has reached $25.248 billion.
Odaily Odaily reports that the L1 blockchain TAC team stated they have confirmed a security incident on the cross-chain layer resulted in approximately $2.8 million in assets being transferred, involving assets such as USDT, BLUM, and tsTON.
TAC stated that if the attacker returns the relevant funds to the designated multi-signature address, the team will consider this incident a "white hat rescue" and will not take legal action against the operator of the involved ETH/BSC, ZEC, and TON addresses.
As a reward, the attacker can receive an approximately 10% bounty, equivalent to about 13 ETH and 300 ZEC.
Odaily reports that the TAC team has announced its cross-chain layer's TON side was exploited by an external attacker, resulting in a loss of approximately $2.8 million, involving USDT, BLUM, and tsTON. TAC, TON, and all ERC-20 tokens bridged from Ethereum remain unaffected. The bridging service is currently suspended, and forensic analysis and remediation efforts are ongoing. A full report with more details will be released within the next 48 hours. The team is cooperating with law enforcement, SEAL 911, and security partners to track and freeze the stolen funds. The team stated that it will sell the foundation's TAC token reserves through a lawful and structured method to cover user losses and fully restore bridge liquidity.
Odaily reported that Polymarket's monthly trading volume in April fell approximately 8.9% to $10.2 billion, marking its first month-over-month decline since August last year. In comparison, rival Kalshi saw its trading volume rise about 13% to $14.8 billion in April. The overall prediction market recorded a total trading volume of approximately $29.8 billion in April, up 12.4% month-over-month. Polymarket is attempting to fully reintegrate into the U.S. market, while American lawmakers are intensifying regulatory scrutiny of prediction markets.
Odaily Odaily News A suspected investment fund Gammafund address (gammafund.eth) purchased 11,215 ETH at a price of $1,999 in March, valued at $22.42 million. Six hours ago today, it redeemed 5,555 ETH from ether.fi, worth $12.53 million, and transferred them to Binance, securing a profit of $2.87 million. Additionally, it is still applying to redeem approximately 5,500 ETH, which may continue to be sold after the redemption succeeds next week.
Odaily reported that Metaplanet, Japan's largest corporate Bitcoin holder, has postponed its preferred stock listing plan. CEO Simon Gerovich stated that the delay is mainly due to the underdeveloped preferred stock market in Japan, regulatory requirements that preferred dividends must be supported by sustainable cash flow, and the company's plan to pay dividends monthly, a frequency far higher than the usual one to two times per year in the Japanese market. The planned instrument would be Japan's seventh listed preferred stock and the first perpetual preferred stock. Metaplanet previously announced the launch of two types of listed preferred stocks: Mars and Mercury.
Odaily reported that a whale deposited 2 million USDC into HyperLiquid and increased its 7x short position on the S&P 500, which is now valued at $37.67 million. The whale is currently facing floating losses exceeding $2.19 million, with a liquidation price of $8,104.85.
Odaily reports that Consensys, the Ethereum software company and developer of the MetaMask wallet, has postponed its potential IPO from the originally planned spring window to at least this fall. Consensys had previously appointed JPMorgan and Goldman Sachs to lead the IPO process and planned to confidentially submit a draft S-1 prospectus to the U.S. Securities and Exchange Commission around late February. Consensys' last funding round was its Series D round completed in early 2022, raising $450 million at a valuation of approximately $7 billion, with participation from investors including Microsoft and SoftBank. The SEC dismissed its lawsuit against Consensys in February 2026. Consensys' MetaMask wallet boasts over 30 million monthly active users, while its Infura node service and Linea Layer 2 solution form its core infrastructure business.
