24H Hot Coins & Headlines | Ledger Delays US IPO Plans; Trump Arrives in Beijing for China Visit (May 14)
- Key Insights: Today's crypto market shows divergence, with certain coins and on-chain Memes experiencing unusual movements; on the macro front, personnel changes at the Federal Reserve, Trump's visit to China, and persistent inflationary pressures continue to weigh on sentiment; within the industry, Charles Schwab launches retail crypto trading services, and Jane Street significantly reduces its Bitcoin ETF holdings while shifting towards Ethereum and related companies.
- Key Factors:
- Market Performance: Among the top 10 CEXs by trading volume, OSMO surged 44.13% leading the pack, BB gained 9.9%; on the 24-hour gainers list, NAVX rose 28.23% to take the top spot; crypto stock VIVO.M performed strongly, up 53.04%.
- Macro Developments: The U.S. Senate has confirmed Kevin Warsh as Chair of the Federal Reserve, with Powell remaining a Governor; Trump arrived in Beijing for a state visit; Fed officials indicate decreasing patience with inflation, suggesting interest rates may need to stay higher for longer.
- Industry Progress: Charles Schwab is rolling out spot Bitcoin and Ethereum trading services to its U.S. retail customers in phases, with a fee of 0.75% and custody handled by its in-house bank.
- Institutional Moves: Jane Street significantly reduced its holdings in BlackRock's IBIT (-71%) and Fidelity's FBTC (-60%) in the first quarter, while increasing its positions in Ethereum ETFs by approximately $82 million and shares of Galaxy Digital.
- Policy & Regulation: Cardano founder points out that Section 604 of the CLARITY Act could make open-source developers liable for long-term legal consequences if their code is misused by others, posing a threat to innovation.
1. CEX Altcoin Hot Picks
CEX Top 10 by Trading Volume & 24h Change:
- 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 (Data from 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 Crypto-Stock Gainers (Data from 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. On-Chain Hot Meme Top 5 (Data from GMGN):
- BOUGHT
- MTFR
- JACKASS
- Rage
- Comrade
Headlines
US Senate Votes to Confirm Kevin Warsh as Fed Chair; Powell Expected to Remain as Governor
The Senate confirmed Kevin Warsh as Federal Reserve Chair by a vote of 54 to 45, succeeding Jerome Powell whose term ends on May 15. Warsh will officially assume the role after completing the White House signing process, while Powell is expected to remain a Fed Governor. This vote marked the most partisan divide in history, with only one Democratic Senator voting in favor. (Jin10)
Trump Arrives in Beijing for State Visit
US President Donald Trump has arrived in Beijing, officially commencing his state visit. (Xinhua News Agency)
Ledger Pauses US IPO Plans, Considers Private Fundraising Alternatives
Hardware wallet manufacturer Ledger has paused its US IPO plans due to unfavorable market conditions. The company's potential valuation was around $4 billion. It has not yet filed an S-1 with the SEC and is currently evaluating alternative options, including private fundraising. Amid weakening token prices and volatile US stock markets, several other crypto companies like Kraken have also postponed their IPOs. (CoinDesk)
Industry News
Israeli Defense Forces: Prepared to Resume Combat if Necessary
IDF leaders have stated that the Israeli Defense Forces are prepared to resume combat operations if necessary. (Jin10)
Charles Schwab Launches Spot Crypto Trading Service for US Retail Clients
Charles Schwab has begun a phased rollout of its "Schwab Crypto" service to US retail clients, supporting spot trading in Bitcoin and Ethereum. The fee is 0.75% per trade. Custody is handled by Charles Schwab Premier Bank, with underlying services provided by Paxos. The firm manages approximately $12 trillion in client assets, and its clients already hold about 20% of US spot crypto ETFs. (FinanceFeeds)
Jane Street Sharply Cuts Bitcoin ETF Holdings in Q1, Increases Ethereum ETF and Galaxy Digital Positions
According to the latest 13F filing, Jane Street significantly reduced its holdings of multiple Bitcoin-related assets in Q1 2026. Its position in BlackRock's IBIT decreased by approximately 71% quarter-over-quarter, and its Fidelity FBTC holdings fell by about 60%. The firm also trimmed its stakes in Strategy and several Bitcoin mining companies. Concurrently, the total value of its Ethereum ETF holdings increased by approximately $82 million, while its Galaxy Digital position surged from roughly 17,000 shares to about 1.5 million shares.
Project News
Ethena Launches USDe-Dedicated Market on Jupiter Lend, Enabling Leverage Strategies & Institutional Participation
Ethena has launched a USDe-dedicated market on Jupiter Lend. This market is completely independent of existing Jupiter Lend deployments. Bitwise is responsible for on-chain asset management and risk oversight, enabling institutional participation. Users can deposit USDe, borrow, 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 announced a partnership with Grupo Salinas. Its crypto business, Coinpro, will integrate with Anchorage's stablecoin payment infrastructure to enable real-time, programmable dollar settlements on the blockchain, serving Grupo Elektra users. Previously, Anchorage also partnered with Western Union to launch a US dollar stablecoin product on the Solana blockchain. (The Block)
People & Voices
Fed's Collins: Patience with Rising Inflation Waning, Rates May Need to Stay Higher for Longer
Federal Reserve Bank of Boston President Susan Collins stated that inflation has been above target for over five consecutive years, and the current tight monetary policy "may need to be sustained for some time." She indicated that if ongoing conflicts lead to further price increases, a scenario requiring further policy tightening cannot be ruled out. If inflation subsides, the Fed could still cut rates later this year. (Jin10)
YZi Labs Head: Believing Crypto Was an Independent Innovation Was the Biggest Miscalculation
Ella Zhang, Head of YZi Labs, stated during a Binance Online livestream that focusing solely on the crypto space early on was the biggest miscalculation. A broader perspective could have allowed for investment in more AI companies. She is currently focused on AI Agent intent-driven decision-making, permissionless payment systems, and data privacy protection. She noted that future Web3 projects might increasingly opt for equity tokenization or list directly on traditional stock markets.
Solana Foundation President: Next Step for Real-World Asset Tokenization is Creating New Financial Assets in Markets Without Effective Pricing Mechanisms
Lily Liu, President of the Solana Foundation, stated during a Binance Online livestream that the next phase of real-world asset tokenization will focus on areas like computing power and energy markets, which currently lack effective pricing mechanisms. She noted that crypto technology is helping improve financial accessibility in around 180 countries or regions globally that lack developed capital markets.
Charles Hoskinson: Section 604 of CLARITY Act Could Stifle Open-Source Innovation
Cardano founder Charles Hoskinson pointed out that Section 604 of the CLARITY Act could make open-source developers liable for the long-term legal consequences of others misusing their code. Even if a developer is unaware of the misuse, they could be held perpetually accountable, posing a serious threat to the open-source innovation environment.
