24H Hot Coins & Headlines｜Ledger Delays US IPO Plans; Trump Arrives in Beijing for China Visit (May 14)
- Key Takeaway: The crypto market showed divergence today, with certain coins and on-chain Meme tokens displaying notable movements. On the macro front, high-level personnel changes at the Fed, Trump's China visit, and persistent inflationary pressures continue to exert influence. In the industry sector, Charles Schwab launched retail crypto trading services, and Jane Street significantly reduced its Bitcoin ETF holdings while rotating into Ethereum and related companies.
- Key Elements:
- Market Performance: Among the Top 10 CEX trading volume coins, OSMO led with a 44.13% gain, while BB rose 9.9%. In the 24-hour gainer list, NAVX topped with a 28.23% increase. The tokenized stock VIVO.M showed strong performance, gaining 53.04%.
- Macro Developments: The U.S. Senate confirmed Kevin Warsh as Federal Reserve Chair, with Powell remaining as a governor. Trump arrived in Beijing for a state visit to China. Fed officials indicated decreasing patience with inflation, suggesting interest rates may need to remain higher for longer.
- Industry Progress: Charles Schwab is rolling out spot Bitcoin and Ethereum trading services to its U.S. retail clients in phases, with a 0.75% fee and custody managed by its in-house bank.
- Institutional Moves: Jane Street significantly reduced its positions in BlackRock's IBIT (-71%) and Fidelity's FBTC (-60%) in Q1, while increasing holdings in Ethereum ETFs by approximately $82 million and adding to its Galaxy Digital stock position.
- Policy & Regulation: Cardano's founder pointed out that Section 604 of the CLARITY Act could hold open-source developers legally liable for long-term misuse of their code by others, thereby threatening innovation.
1. Popular Coins on CEX
CEX Top 10 by Trading Volume and 24h Changes:
- BNB: +0.12%
- BTC: -1.86%
- ETH: -1.63%
- SOL: -4.51%
- BB: +9.90%
- XRP: -1.90%
- DOGE: +2.09%
- OSMO: +44.13%
- ZEC: -8.46%
- PEPE: -3.59%
24h Gainers List (Data Source: OKX):
- NAVX: +28.23%
- XCH: +13.45%
- PARTI: +12.04%
- INJ: +5.86%
- EDGE: +6.25%
- ASP: +6.31%
- CFX: +5.95%
- VELO: +4.34%
- HUMA: +3.25%
- DOGE: +2.62%
24h Gainers List (Crypto-equity Tokens) (Data Source: msx.com):
- VIVO.M: 53.04%
- VELO.M: 48.79%
- TSEM.M: 24.17%
- NA.M: 20.74%
- CSCO.M: 20.35%
- AAOI.M: 20.29%
- WOLF.M: 19.14%
- NOK.M: 16.55%
- NBIS.M: 16.42%
- VOYG.M: 15.99%
2. Top 5 Trending Meme Coins On-chain (Data Source: GMGN):
- BOUGHT
- MTFR
- JACKASS
- Rage
- Comrade
Headlines
US Senate Confirms Warsh as Fed Chair, Powell Expected to Remain as Governor
The Senate confirmed Kevin Warsh as Chair of the Federal Reserve by a vote of 54 to 45. He will succeed Powell, whose term ends on May 15. Warsh will formally assume office after completing the White House signing process, while Powell is expected to remain as a Fed Governor. This vote was the most partisan in history, with only one Democratic senator voting in favor. (Jin Shi)
Trump Arrives in Beijing for State Visit
US President Donald Trump has arrived in Beijing, officially commencing a state visit. (Xinhua News Agency)
Ledger Postpones US IPO Plans, Considers Private Fundraising Instead
Hardware wallet provider Ledger has paused its plans for a US IPO due to unfavorable market conditions. The potential valuation was around $4 billion. The company has not yet filed an S-1 with the SEC and is currently evaluating alternatives, including private fundraising. Amid weakening token prices and volatility in US equities, several other crypto companies, including Kraken, have also postponed their IPOs. (CoinDesk)
Industry News
Israeli Defense Forces: Ready to Resume Combat if Necessary
Leaders of the Israeli Defense Forces stated that the IDF is prepared to resume combat operations if necessary. (Jin Shi)
Charles Schwab Begins Offering Spot Crypto Trading to US Retail Clients
Charles Schwab has launched its "Schwab Crypto" service in phases for US retail clients, supporting spot trading of Bitcoin and Ethereum with a fee of 0.75% per trade. Custody is handled by Charles Schwab Premier Bank, with underlying services provided by Paxos. The firm currently manages approximately $12 trillion in client assets, and its clients already hold about 20% of shares in US spot crypto ETFs. (FinanceFeeds)
Jane Street Sharply Reduces Bitcoin ETF Holdings in Q1, Increases Ethereum ETF and Galaxy Digital Positions
According to the latest 13F filing, Jane Street significantly reduced holdings in several Bitcoin-related assets in Q1 2026. Its position in BlackRock's IBIT decreased by approximately 71% quarter-over-quarter, and Fidelity's FBTC dropped by about 60%. The firm also reduced stakes in Strategy and several Bitcoin mining companies. Concurrently, its combined Ethereum ETF holdings increased by approximately $82 million, and its stake in Galaxy Digital surged from roughly 17,000 shares to about 1.5 million shares.
Project News
Ethena Launches USDe-Specific Market on Jupiter Lend, Enabling Leverage Strategies and Institutional Participation
Ethena has launched a dedicated market for USDe on Jupiter Lend. This market operates independently of existing Jupiter Lend deployments. Bitwise is responsible for on-chain asset management and risk oversight, supporting institutional participation. Users can deposit USDe, borrow, lend, and execute leverage strategies within this market. USDe can also be bridged to the Solana network via Stargate Finance.
Anchorage Partners with Mexican Billionaire's Grupo Salinas for Stablecoin Cross-Border Payments
Anchorage Digital has announced a partnership with Grupo Salinas. Its crypto subsidiary, Coinpro, will integrate Anchorage's stablecoin payment infrastructure to enable real-time, programmable dollar settlements on the blockchain for Grupo Elektra users. Previously, Anchorage also partnered with Western Union to launch a USD stablecoin product on the Solana blockchain. (The Block)
Voices
Fed's Collins: Patience with Inflation is Waning, Rates May Need to Stay Higher for Longer
Federal Reserve Bank of Boston President Susan Collins stated that inflation has been above the target for over five years and that the current tight monetary policy "may need to persist for some time." She also noted that if ongoing conflicts lead to further price increases, a scenario requiring further policy tightening cannot be ruled out. If inflation declines, the Fed could still cut rates later this year. (Jin Shi)
YZi Labs Head: The Biggest Miscalculation was Viewing Crypto as an Independent Innovation
Ella Zhang, Head of YZi Labs, stated during a Binance Online livestream that the early focus solely on the crypto sector was the biggest misjudgment, as a broader perspective could have allowed for greater investment in AI companies. Her current focus areas include AI agent-driven decision-making, permissionless payment systems, and data privacy protection. She also noted that future Web3 projects might increasingly opt for equity tokenization or direct listings on traditional stock markets.
Solana Foundation President: The Next Step for Asset Tokenization is Creating New Financial Assets in Markets Lacking Efficient Pricing Mechanisms
Lily Liu, President of the Solana Foundation, stated during a Binance Online livestream that the next phase of asset tokenization will focus on areas like computing power and energy markets that currently lack efficient pricing mechanisms. She added that crypto technology is helping enhance financial accessibility for roughly 180 countries and regions worldwide that have yet to develop scaled capital markets.
Charles Hoskinson: Section 604 of the CLARITY Act Could Stifle Open Source Innovation
Cardano founder Charles Hoskinson pointed out that Section 604 of the CLARITY Act could impose long-term legal liability on open-source developers for misuse of their code by others. Even if a developer is unaware of such misuse, they could be held accountable indefinitely, posing a serious threat to the open-source innovation environment.
