News

A petition on South Korea's National Assembly e-petition system advocating for the abolition of virtual asset taxation has garnered over 5,000 signatures. According to NS3.AI, under the rules of the National Assembly, if the petition collects more than 50,000 signatures, the speaker is required to refer it to a relevant committee for further consideration.

The CME 'FedWatch' tool indicates a 99% probability that the Federal Reserve will maintain its current interest rates through June, according to ChainCatcher. There is a 1% chance of a cumulative rate cut of 25 basis points. Similarly, the probability of the Fed keeping rates unchanged through July is also 99%, with a 1% chance of a 25 basis point reduction.

Saudi Arabia has informed OPEC that its crude oil production fell to its lowest level since 1990 last month. Bloomberg posted on X, highlighting that the ongoing conflict involving Iran has significantly disrupted exports from the Persian Gulf. This decline in production marks a significant shift in the global oil market, as Saudi Arabia is a key player in the industry. The reduction in output is attributed to the geopolitical tensions in the region, which have impacted the flow of oil exports. The situation continues to evolve, with potential implications for global oil prices and supply chains.

U.S. Congress is pressing the White House to respond to escalating AI cybersecurity threats, according to Axios. Lawmakers are calling on the administration to tackle risks associated with advanced AI network models, such as Mythos from Anthropic.

OpenAI has expressed support for establishing a global governance body for artificial intelligence, led by the United States and including China as a member. Bloomberg posted on X, highlighting comments from a top executive at OpenAI ahead of U.S. President Donald Trump's significant meeting with Chinese President Xi Jinping. The proposal aims to foster international cooperation in AI development and regulation, addressing concerns over technological advancements and their implications. OpenAI's stance underscores the importance of collaborative efforts in managing AI's global impact.

The ratio has climbed above its 200-day moving average for the first time meaningfully since September 2020, a move that has historically preceded major bitcoin rallies, according to CoinDesk. This development suggests potential bullish momentum for Bitcoin, as past instances of this technical indicator crossing have often led to significant price increases. Traders and investors may view this as a positive signal for Bitcoin's future performance in the market.

Gold prices experienced a brief decline of approximately $10 following the release of U.S. Producer Price Index (PPI) data. According to Odaily, the U.S. dollar index (DXY) saw a short-term increase of 6 points in response to the data.

Tokenized Treasury total value locked (TVL) has reached $15.35 billion, surpassing the mid-April peak. According to NS3.AI, this increase is attributed to stronger expectations of Federal Reserve rate hikes. As a result, some investors are opting for yield-bearing tokenized Treasury bills over spot cryptocurrencies. Meanwhile, Bitcoin remains stable above $80,000, reflecting the ongoing investor interest in digital assets despite the shifting capital preferences.

The U.S. Senate has voted to confirm Kevin Warsh as the new Chair of the Federal Reserve. According to Odaily, Warsh's confirmation follows a nomination process that has been closely watched by financial markets. Warsh, who previously served as a Fed Governor, will take over the role immediately, succeeding Jerome Powell. His appointment is expected to influence monetary policy decisions in the coming months.

Fidelity International's inaugural tokenized fund has been awarded a Moody's AAA-mf rating. According to NS3.AI, the fund replicates an Irish-domiciled LVNAV fund with assets under management nearing $7 billion. Launched on May 6, the fund utilizes Sygnum's tokenization infrastructure, with Chainlink providing daily net asset value data sourced from JPMorgan. Investors have the flexibility to subscribe to and redeem the fund around the clock using stablecoins, with FILQ tokens operating on the ERC-20 standard on the Ethereum blockchain.

CoinMarketCap's Crypto Fear & Greed Index experienced a minor decline, dropping by 2 points to 47 from the previous day. According to NS3.AI, this reading continues to indicate a neutral market sentiment. The index, which measures market emotions and attitudes towards cryptocurrencies, suggests that investors are maintaining a balanced outlook despite the slight decrease.

The market has currently factored in a probability exceeding 30% for a rate hike by December, according to ChainCatcher. Following the unexpected strength in the U.S. Producer Price Index (PPI) data for April, the likelihood of the Federal Reserve justifying any rate cuts this year has significantly diminished. The April PPI rose by 1.4%, markedly surpassing economists' consensus forecast of 0.5%, indicating stronger-than-expected inflationary pressures and reinforcing the trend of market repricing regarding the interest rate path.

On May 14, CITIC Securities released a research report forecasting a structural bull market for A-shares in the latter half of 2026. According to Jin10, the report suggests that structural prosperity and concentrated capital will drive this bull market, advising investors to follow an investment strategy centered on 'prosperity as the main theme.' The focus should be on two key prosperous lines: 'computing power bull' and 'recovery bull.' The AI computing power line is far from reaching a full-blown bubble stage, with attention on the expansion of prosperity across the entire industry chain. The 'recovery bull,' driven by 'PPI-external demand,' is highlighted as another key theme for this year.

Concerns over the deepening U.S. debt crisis and potential currency devaluation have been raised by financial experts. According to PANews, Ray Dalio has warned about the depreciation of fiat currencies, while JPMorgan predicts a shift of funds from gold to Bitcoin. Bitcoin has already surged by 30%, prompting speculation about whether it can reach a new all-time high.

Foreign investors purchased Japanese stocks worth ¥14.375 trillion in the week ending May 8, according to Jin10. This marks a significant increase from the previous week's figure of ¥8.079 trillion.

Microsoft is reportedly exploring deals with artificial intelligence startups to prepare for a 'post-OpenAI era.' According to Jin10, the tech giant had considered acquiring Cursor but abandoned the idea due to antitrust concerns. Microsoft has been in discussions with AI startup Inception regarding potential transactions. Inception has hired a bank to negotiate a deal worth at least $1 billion.

SoftBank Group has announced that its cumulative paper gains from investments in OpenAI have reached $45 billion as of the end of March. According to Odaily, this figure reflects the significant appreciation in value of its stake in the artificial intelligence company.

The UK real estate market is currently experiencing challenges due to macroeconomic factors stemming from the Middle East conflict, according to Tarrant Parsons, Head of Market Research and Analysis at RICS. According to Jin10, the Bank of England has recently issued a warning that it may need to raise interest rates to counter a new wave of inflation triggered by high oil prices and supply chain disruptions. This highlights the difficult environment faced by buyers.

JPMorgan is reportedly developing a tokenized money market fund based on Ethereum. According to NS3.AI, Kinexys Digital Assets will manage the fund, which will include U.S. Treasury bonds and ultra-short-term repurchase agreements. The fund is intended to serve as collateral for stablecoin reserves under the GENIUS Act.

Charles Schwab has announced that its Schwab Crypto accounts are now being gradually opened to retail clients. According to PANews, starting today, the initial group of clients can trade Bitcoin and Ethereum alongside other investment products through Schwab.

The UK RICS House Price Index for April recorded a value of -34, according to Jin10. This figure was lower than the expected -25 and follows a revision of the previous value from -23 to -25.

SpaceX has announced the cancellation of the CRS-34 mission to the International Space Station due to unfavorable weather conditions at the launch site. According to Jin10, the mission, originally scheduled for today, has been rescheduled to Friday, May 15.

On May 13, 2026, 11:04 AM(UTC). According to Binance Market Data, BNB has dropped below 680 USDT and is now trading at 679.559998 USDT, with a narrowed narrowed 2.67% increase in 24 hours.

Dallas Fed President Lorie K. Logan, who is a voting member of the Federal Open Market Committee (FOMC) in 2026, is set to participate in a discussion about the energy industry in ten minutes. According to Jin10, this event will provide insights into the intersection of energy markets and economic policy.

The U.S. Defense Department has canceled the deployment of an armored brigade to Europe as part of President Donald Trump's plan to reduce military presence overseas. According to the Wall Street Journal, this decision surprised some military officials who had anticipated a more gradual adjustment to the U.S. military's European deployment.

Consensys has postponed its potential U.S. initial public offering (IPO) until at least the fall, citing unfavorable market conditions affecting crypto listings. According to NS3.AI, the company, known for developing MetaMask, initially planned to submit a draft S-1 filing with the Securities and Exchange Commission (SEC) by the end of February this year. BitGo remains the only crypto-native firm to have gone public this year, securing approximately $213 million in its January IPO.

Sei Labs announced that Sei Network has officially disabled the IBC asset transfer function following a community proposal. According to Foresight News, users holding IBC assets on the Sei Network are advised to transfer their assets cross-chain promptly, as the network plans to further disable IBC asset withdrawal in the future. Sei Labs noted that the Sei v6.4 upgrade in April included a mechanism to disable IBC asset transfers. Wallets holding these assets have previously received airdrop notifications, urging users to complete bridging or exchange operations before Sei fully transitions to an EVM-only architecture. This move indicates Sei's gradual shift away from the original Cosmos IBC ecosystem compatibility towards an EVM chain focus.

MetaMask, a prominent cryptocurrency wallet provider, has reportedly enlisted the services of JPMorgan and Goldman Sachs to spearhead a strategic process, according to CoinDesk. This move indicates MetaMask's intention to leverage the expertise of these leading financial institutions, potentially signaling significant developments in its business strategy. The involvement of such major banks underscores the growing intersection between traditional finance and the cryptocurrency sector.

Binance founder CZ said the most important work in crypto right now is making blockchain infrastructure "agentic ready" — so that AI agents can transact, store data, and execute trades natively.
Speaking at Binance Online on May 13, CZ said payments are the most obvious intersection. "Payments is definitely one of them. We want to make all crypto infrastructure agentic ready. So when agents want to use crypto, they can call a skill or API and the agents can just use it."
He outlined three specific infrastructure requirements. "The infrastructure should be micropayment ready, large amounts of data ready. If agents want to save a large amount of data in a decentralized fashion, we need to have the infrastructure for it. And we need to be able to support fast, high volume, but low transaction values of each agent."
CZ said the biggest user-facing shift will come in trading. "Agents should do all the trading for you. You shouldn't have to click on a chart, enter a price, enter a number on your mobile phone, and then click a button. That's just clunky. You should just say, look, I want to convert ten percent of my portfolio or ten percent of my stablecoins into BNB. And the agent just does it for you in the background. You'll figure out the best price, where to do it, etc."
On capital deployment, CZ echoed Chamath Palihapitiya's view that infrastructure offers steadier — if lower-multiple — returns. "In AI infrastructure, you can deploy a very large amount of capital, and the return multiple-wise may be smaller than a very successful software or model or language model company. But the return will be very steady."
He acknowledged the competitive dynamic now reshaping software. "With the advancement of AI, creating new software is much easier now. For somebody to copy somebody else's software idea, it's going to become cheaper and easier. But software does have network effects. Once you build a platform, users are with you. I don't know how those forces will converge over time."

Binance founder CZ said AI agents will likely outperform most human financial advisors — and that Binance has already deployed AI trading bots that operate within user-controlled risk parameters.
Speaking at Binance Online on May 13, CZ acknowledged the current risk profile of fully autonomous AI investing. "For agents to handle large amounts of money for you is right now a little bit risky because AI is so new. They don't have a lot of guardrails around them."
He pointed to a feature Binance has already shipped. "Binance already released some AI trading bots or agents, and they can work on a segregated wallet. So you can limit the amount of funds that the AI agents have access to. What I read online is the feedback is actually quite positive. People are able to use different agents to do different strategies."
CZ said the user experience shift is the most significant change. "This type of strategies, you don't have to code yourself anymore. You can just have a conversation as a prompt. So I advise people to try it."
He was direct on where AI will replace traditional finance professionals. "AI will be very good financial advisors. Many of us have financial advisors who are humans. But to be very frank, there are some really good ones, but the average financial advisor is not that great."
He explained the structural weakness of the existing advisor model. "They're just people who give you random advice — sort of random advice to get you to buy stuff. The advice is generic. It's not individually tailored. They don't understand your background. They don't understand a lot about you. So I think agents will be much better on those fronts."

The Clarity Act is scheduled for a markup session by the Senate Banking Committee on Thursday, with over 130 proposed amendments submitted prior to the meeting. According to NS3.AI, the bill successfully passed the House last year, but ongoing Senate negotiations are facing challenges, particularly concerning stablecoin rewards and Democratic calls for ethical safeguards related to the Trump family's involvement in cryptocurrency. Senator John Kennedy has expressed his intention to support the bill, while traders on Polymarket currently estimate a 60% probability of the bill passing this year.

Code4rena has announced plans to gradually wind down its operations. According to NS3.AI, Immunefi will assume responsibility for Code4rena's bug bounty clients and security researchers. Code4rena assured that its ongoing audit contests and bug bounty programs will proceed without interruption. Immunefi will assist in transitioning the bounty scope, rules, and reward structures.

Three of the crypto industry's most influential executives — Ripple CEO Brad Garlinghouse, Solana Foundation President Lily Liu, and Binance CEO Richard Teng — used a recent panel at the Binance Online event to explain why the Clarity Act has become the industry's most-watched piece of pending legislation.Each executive approached the topic from a different angle, but their analyses converged on a shared conclusion: the current regulatory environment, while constructive, requires legislative codification to deliver durable institutional adoption.The Institutional ArgumentGarlinghouse framed the issue in terms of how large financial institutions approach regulatory risk."The big financial institutions have leaned out because they don't know if the next head of the SEC might be more like the last one, which was very aggressively attacking and frankly seeking to kill the industry in the United States."He explained that banks operate on long planning horizons that require regulatory durability beyond any single administration. "Banks in the United States have had enough experience and long tenure to know that the next head of the SEC might be more like the last one."Garlinghouse acknowledged that current SEC leadership has been supportive, describing Chairman Paul Atkins as "a very constructive partner that is protecting consumers but also unlocking innovation." His argument was that constructive leadership alone is insufficient for institutions making multi-decade capital allocation decisions.He noted that current institutional crypto activity represents a fraction of what's possible. "Some of the names that have started to dabble — Franklin Templeton and BlackRock — they are leaning in. But as a percentage of the capital they have available to them, it's still tiny."Garlinghouse offered a specific prediction on timing: "I think these prediction markets have the likelihood of around 70% of this passes this year. So I think we may see President Trump sign something before the end of the summer."The Structural ArgumentLiu approached the topic from the perspective of why US legislation matters disproportionately in a global industry."The United States is about 15% of global GDP, but between 50 and 60% of global capital markets."She explained that this asymmetry creates particular weight for US regulatory decisions. "Given the dominance and influence of US on the global economy, many people will look to the United States for guidance. And not just in a spiritual sense, but the ability to actually participate in a blockchain world, because ultimately at some point it still hits the fiat banking system, which the United States obviously has a lot of influence into."Liu also articulated a regulatory philosophy that has shaped industry frustration over the past several years. "Regulating through regulation rather than regulating through enforcement is a really important thing for us to get right right now."The distinction matters because enforcement-driven regulation establishes rules through individual cases and settlements rather than through written guidance that builders can read in advance. Liu argued that codified legislation provides the clarity that enforcement actions cannot.She also noted that even friendly administrations are temporary. "We came from a very hostile administration from 2020 to 2024. Now it's a very crypto-friendly administration. But in the same way we had a sea change a couple of years ago, you can have a sea change again."The International ArgumentTeng added context about how US legislation affects global regulatory dynamics, pointing to the recently passed GENIUS Act as a working example."It's not only prompted institutions to act within the US, but it prompted international regulators and policymakers to formulate their own stablecoin to make sure that they keep pace with what's happening in the US. Hong Kong issued their own stablecoin and stablecoin licenses recently."Teng described the pattern as a two-way effect of US policy. "Under the last administration, a lot of good crypto firms' developments started to flow out from the US because of that anti-crypto environment. Under President Trump, you'll see a lot of new developments coming out from the US again."He noted that the international response to US clarity tends to follow predictable patterns, with jurisdictions including Hong Kong, the UAE, and Singapore moving to align their frameworks when US legislation creates competitive pressure.What the Clarity Act Would AddressThe Clarity Act, currently moving through the Senate Banking Committee, would establish codified rules for crypto categories beyond stablecoins, including questions of asset classification, custody requirements, and exchange operations.Liu described the expected effect by reference to GENIUS. "What happened after the GENIUS Act certainly unleashed the whole payments industry in the United States, where people saw stablecoins as being a really foundational upgrade in terms of how you move money around the world. The Clarity Act would do the same for non-payments use cases — regulated financial institutions being able to actually sort of jump into blockchain."Garlinghouse described the expected institutional response in similar terms. "With the Clarity Act, you'll see the largest financial institutions leaning in in a way we've never seen before."Where the Three Executives AgreeAcross different framings, the three executives converged on the same core point: the current crypto-friendly regulatory environment is an asset that requires codification to become permanent. Friendly administrations are temporary. Legislation is durable. The window for codification is open now, and the panelists' shared position was that the industry should treat its passage as the central near-term priority.Garlinghouse's 70% probability estimate, drawn from prediction markets, represents the most concrete near-term forecast. Whether that estimate proves accurate will likely shape the trajectory of US crypto adoption over the next several years.

The United Arab Emirates (UAE) has denied reports of a visit by Israeli Prime Minister Benjamin Netanyahu or the reception of an Israeli military delegation, according to a statement from the UAE Ministry of Foreign Affairs on May 14. According to Odaily, the UAE emphasized that its relations with Israel are conducted transparently within the framework of the publicly announced Abraham Accords, and not based on any unofficial or opaque arrangements. The statement clarified that any claims of undisclosed visits or arrangements are unfounded unless officially announced by UAE authorities.

On the evening of May 13, the Israeli Prime Minister's Office released a statement claiming that Prime Minister Netanyahu had secretly visited the UAE during the "Roaring Lion" military operation and met with UAE President Mohammed. The statement described the visit as a historic breakthrough in relations between Israel and the UAE.

Binance Co-CEO Yi He said the biggest risk to Binance's ambition of becoming the world's financial super app is not regulation, competition, or market cycles — it is hiring.Speaking at Binance Online on May 13, Yi He was asked what keeps her up at night about Binance's race to outpace traditional banks and rival exchanges chasing the same vision. Her answer was direct. "If you ask me something that makes me cannot sleep well every night, I feel that's probably about the talent density."She explained the logic of why people, rather than capital or strategy, are the binding constraint. "Binance always keeps hiring. If we can find the right people in our group, we can have more innovation. If we can have more innovation, we definitely can drive the financial future."The mission, she said, is broader than serving sophisticated investors. "This means more people have a better financial service — not just professional investors or institutional users. That includes people like a nanny, people in this world who don't know what money is, who don't know what financial service is."Yi He pointed to Binance's current scale as a foundation rather than a finish line. "In this moment, we cover more than one hundred countries already. We have three hundred million users. If you ask me, is that enough? I think that's just the beginning."She closed with a framing that drew an explicit line between Binance and legacy financial services. "A lot of financial service companies really want to help professional investors. They care about how much they earn. For me, if we can build a platform for the world and let normal people live better, that's our goal."

Binance Co-CEO Richard Teng grounded the exchange's 3 billion user ambition in a measurable global gap — and a strategy built around regulation, asset class expansion, and round-the-clock trading.Speaking at Binance Online on May 13, Teng credited his co-CEO with setting the bar high. "Kudos to Yi. The three billion was Yi saying that we need to aim very high, we need to be ambitious, and we need to serve our users much better."He pointed to financial exclusion as the addressable opportunity. "I travel the world quite a bit, including many frontier and emerging markets. And I see even today, one point four billion people excluded from financial services globally. That is something we need to solve. And crypto is here to solve that problem. That's why we are very passionate about freedom of money globally."Teng said the path to that user base runs through both product expansion and regulatory positioning. "We need to continue to run faster on user protection. How do we make sure that we become a multi-asset class, multi-jurisdictional platform? We brought a lot more new products throughout the course of this year, from precious metals to petrochemicals to stocks trading."He pointed to 24/7 markets as a structural advantage over legacy finance. "By allowing for twenty-four seven trading, institutions and retail love it because they can manage risk much better compared to traditional platforms. They can hedge their exposure, they can take positions as and when news comes in."On the regulatory front, Teng said Binance now occupies a position no other exchange holds. "We are the only exchange globally to have a home regulator that regulates us end-to-end by the FSRA in ADGM. And we are the most regulated exchange, with more than twenty jurisdictions regulating us."His conclusion: the 3 billion target is a discipline. "It forces us to really think outside the box on how to serve our users much better."

Elon Musk has stated that SpaceX is committed to ensuring that Starlink does not have any annoying portal pages. According to Jin10, Musk emphasized that Starlink WiFi must be effortlessly accessible every time, similar to connecting to the internet at home.

The U.S. Consumer Price Index (CPI) for April, adjusted for seasonal variations, decreased to 0.6%, marking the lowest level since February this year. According to Jin10, this figure aligns with market expectations.

Binance Co-CEO Richard Teng said the company has undergone a drastic transformation since he joined in August 2021, pivoting from a crypto-native exchange to a global, multi-jurisdiction financial infrastructure platform — without losing the cultural traits that built it.
Speaking at Binance Online on May 13, Teng said the leadership's most important ongoing decision is preserving what he called Binance's foundational DNA. "The important, conscientious decision that Binance leadership management make on a day-to-day basis is to maintain the DNA of Binance, which is extremely important — keeping Binance user-focused, user-first, being very hardcore, being very collaborative. Those are the unique DNAs that continue to make us successful."
Beyond culture, Teng pointed to a structural shift in how the company operates. "If you look at the talent density, we have transformed. If you look at the organization structure, we have transformed drastically," he said. "We have pivoted very strongly to become a global infrastructure. We have pivoted very strongly to be the most regulated exchange globally."
He said the pivot required new categories of talent across functions traditionally absent in crypto-native firms. "We need many more talents across TradFi, regulator functions, control functions, and of course all of our front office functions, from marketing to business development."
For Teng, the result is a company that has scaled across asset classes and jurisdictions while protecting what made it work in the first place. "It's very exciting to see the company continue to keep its core DNA and strength, while at the same time being able to pivot and become something that continues to grow multi-jurisdiction, multi-asset class."