News

On May 13, 2026, 02:24 AM(UTC). According to Binance Market Data, BNB has crossed the 680 USDT benchmark and is now trading at 680.5 USDT, with a narrowed 2.55% increase in 24 hours.

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.

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.

Uniswap's official developer account has announced the introduction of a payment flow feature in its API. According to Foresight News, developers can now add recipient address parameters in quote requests, allowing swap outputs to be sent directly to any specified address. This feature is designed for applications such as checkout, payment, and cross-asset transfers.

Pyth Network is set to unlock approximately 2.12 billion tokens on May 20 at 14:00 UTC+8. According to ChainCatcher, this token release is valued at around $118 million. The event is part of the network's ongoing token distribution plan.

Monad has announced its integration with the card issuance infrastructure Rain. According to Foresight News, this collaboration allows users to utilize payment cards developed by Rain's partners to spend stablecoins through Monad. Teams such as Rhythmic and Avici are leveraging Monad's infrastructure alongside Rain's card issuance stack to develop a new category of real-world payment applications.

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.

The Japan Blockchain Foundation, responsible for the operation and management of Japan Open Chain (JOC), has announced plans to issue a yen-backed stablecoin, EJPY, on both the JOC and Ethereum blockchains. According to Foresight News, the initial focus will be on the issuance and circulation of EJPY on the JOC platform. The foundation aims to develop use cases driven by actual demand, such as B2B payments, digital asset settlements, and cross-border transactions.

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.

Magic Eden has announced a $75 million investment commitment to the iGaming project Dicey. According to Foresight News, the funds will be allocated towards Dicey's fundraising, operations, and marketing efforts.

On May 13, Japan's 20-year government bond yield reached its highest level since 1997, driven by rising energy prices that have intensified inflation pressures. According to Jin10, the yield increased by 5 basis points to 3.495%, surpassing the previous peak of 3.46% recorded on January 20. The yields on 10-year and 30-year bonds also rose by at least 5 basis points, reaching 2.6% and 3.86%, respectively.

In January, concerns over Japanese Prime Minister Satuki Katayama's fiscal policies led to a significant sell-off in Japanese government bonds, which extended to the U.S. Treasury market. The 20-year Japanese bond, known for its relatively low liquidity and high volatility, played a crucial role in exacerbating market fluctuations during this downturn.

This development has caught the attention of U.S. Treasury Secretary Bessent, highlighting the risks of cross-market contagion.

Lawmakers have publicly released the text of the crypto market structure bill ahead of their vote, according to CoinDesk. The bill, which had been circulating within the industry behind closed doors, aims to address regulatory frameworks for the cryptocurrency sector. This move is seen as a significant step towards formalizing the legal landscape for digital assets, potentially impacting market participants and regulatory compliance.

Cosmos Hub and Cosmos Labs have confirmed that Injective USDC will serve as the primary stablecoin standard for the Cosmos ecosystem and dYdX. According to Foresight News, Injective has committed to providing long-term support for USDC over at least four years, ensuring necessary financial reserves for developers, institutions, and applications. The migration process is set to unfold gradually over the coming months, with dYdX leading the transition. Cosmos Labs is coordinating the migration efforts across other chains and applications within the ecosystem.

Skip Protocol's Skip:Go, which currently handles most cross-chain transfers within Cosmos, will adopt Injective USDC as its default USDC. Cosmos Labs plans to release migration tools for chains and applications transitioning from other USDC sources.

Earlier this year, Noble announced its departure from the Cosmos platform. Noble had been a long-standing native issuer of USDC for IBC, and its exit left Cosmos chains and applications without a long-term issuance source. Injective is stepping in to fill this gap, taking on an issuance volume exceeding $100 million.

Asian currencies remained stable as traders closely monitored the implications of the U.S. Consumer Price Index (CPI) data. Wall Street Journal (Markets) posted on X that the CPI figures are crucial for assessing inflation trends and potential impacts on global markets. The data could influence the U.S. Federal Reserve's monetary policy decisions, affecting currency valuations worldwide. Market participants are particularly attentive to any signs of inflationary pressure that might prompt the Fed to adjust interest rates. The stability of Asian currencies reflects a cautious approach by traders as they await further economic indicators.

U.S. inflation data has surpassed expectations, dampening hopes for a Federal Reserve rate cut this year and causing a broad retreat in risk assets. According to Odaily, following the data release, the market anticipates that the Federal Reserve will maintain interest rates between 3.50% and 3.75% at its June 17 meeting, potentially keeping them unchanged through the end of the year.
The data's impact led to a short-term decline in Bitcoin, trading around $80,700 to $80,814, with a 24-hour drop of approximately 1.2%. U.S. stock futures also weakened, and the yield on the 10-year U.S. Treasury rose to 4.44%. In commodities, WTI crude oil increased by about 3%, reaching $101, further intensifying concerns over persistent inflation.
Analysts note that with inflation exceeding expectations and energy prices strengthening, market risk appetite is suppressed in the short term, putting pressure on the repricing of both crypto assets and equity markets.

Startale CEO and Astar Network co-founder Sota Watanabe announced on the X platform that the first yen-backed stablecoin, JPYStableCoin, will be officially launched in the coming months. According to Foresight News, Watanabe stated that the stablecoin aims to leverage the yen to invest in rapidly growing assets, such as U.S. stocks, and will operate entirely on-chain.

Michael Saylor highlighted Bitcoin's 30–40% volatility as a strategic advantage for Strategy, allowing the company to differentiate between MSTR equity upside and STRC credit-like yield. According to NS3.AI, during the Consensus 2026 event in Miami, Saylor explained that STRC absorbs the initial 11% of Bitcoin's volatility, with the remaining fluctuations impacting MSTR equity.

Witnesses have reported that Jensen Huang, the founder of NVIDIA, was seen boarding Air Force One en route to China. According to NS3.AI, this development has sparked speculation about potential discussions or collaborations involving NVIDIA in the region. The sighting has not been officially confirmed, and further details about the purpose of the trip remain undisclosed. Observers are keenly watching for any announcements or outcomes that may arise from this visit.

Base Protocol's head, Jesse Pollak, announced on the X platform that x402 now supports batch settlement. According to Odaily, this feature enables a large volume of microtransactions, specifically those under $0.0001, and is suitable for payment scenarios involving immediate resources like computing and reasoning.

According to CoinDesk, the Depository Trust & Clearing Corporation (DTCC) will integrate Chainlink's Runtime Environment and data standard into its blockchain-based Collateral AppChain — a Besu-based platform enabling tokenized, 24/7 real-time collateral management across traditional and blockchain markets. Chainlink will handle pricing, valuation, margining, eligibility checks and settlement orchestration. The integration extends a 2024 Smart NAV pilot involving JPMorgan, BNY Mellon and Franklin Templeton. DTCC's subsidiaries processed $4.7 quadrillion in securities transactions in 2025 and custody assets valued at $114 trillion.

President Donald Trump emphasized that preventing Iran from acquiring a nuclear weapon is his top priority, dismissing concerns about the financial strain on Americans as inflation reached a three-year high. According to BeInCrypto, the Consumer Price Index rose to 3.8% year-over-year in April, surpassing Wall Street's 3.7% estimate. Energy costs, particularly gasoline, were significant contributors to the increase. Despite the economic pressure, Trump stated that his focus remains solely on Iran's nuclear capabilities, asserting that ending the war would eventually lower oil prices and boost the stock market.

Aave announced on Platform X that the first phase of the rsETH recovery plan has been completed. According to Odaily, this includes the destruction of the attacker's rsETH on Arbitrum. In the coming days, funds for the LayerZero OFT adapter will be gradually replenished, and rsETH-related operations will be restored.

The number of XRP Ledger wallets holding at least 10,000 XRP has reached an all-time high of 332,230, according to NS3.AI. This figure has been steadily increasing since June 2024, indicating growing interest and investment in XRP.

South Korean stocks experienced a decline of over 3% at the market opening. According to NS3.AI, this drop is part of a broader set of market and cryptocurrency developments. In other news, U.S. President Donald Trump is contemplating the resumption of military actions against Iran. Additionally, Base has introduced batch settlement support for x402, and Aave has successfully completed the first phase of its rsETH recovery plan.

Citic Securities reported on May 13 that U.S. inflation in April continued to run hot, with the spillover effects of the Middle East conflict persisting. According to Jin10, the compensatory rise in rental inflation has pushed up core readings. High inflation continues to erode the real purchasing power of American households, with low-income families facing stronger cost shocks. Real hourly wages have returned to negative growth year-on-year for the first time in three years. Citic Securities believes that the risk of a second inflation wave in the U.S. is minimal, but high oil prices will limit the potential for inflation rates to fall within the year. The baseline scenario still anticipates a 25 basis point rate cut by the Federal Reserve this year. U.S. Treasury bonds are currently more suitable for trading opportunities, while U.S. stocks, nearing the end of a strong earnings season, should be watched for short-term profit-taking risks. The U.S. dollar index may experience weak fluctuations below 100 but is not expected to decline continuously.

According to NS3.AI, Whale Alert has reported the minting of 250 million USDC tokens. This significant issuance of the stablecoin could have implications for the cryptocurrency market, potentially affecting liquidity and market dynamics. The minting of such a large amount of USDC may indicate increased demand or strategic positioning by large investors or institutions. Market participants will be closely monitoring the impact of this development on trading volumes and price stability.

Kaito (KAITO) is set to unlock approximately 12.11 million tokens on May 20 at 12:00 PM UTC+8. According to ChainCatcher, this token release is valued at around $5.55 million. The data was provided by Web3 asset data platform RootData.

South Korea's national think tank, the Korea Development Institute (KDI), has revised its forecasts for the country's economic growth and inflation in 2026. According to Jin10, the KDI has adjusted its projections upward, reflecting a more optimistic outlook for South Korea's economic performance and price levels in the coming year. The updated forecasts indicate a stronger economic environment, although specific figures were not disclosed in the report.

At 10:56 AM UTC+8, the USDC Treasury minted 250 million USDC on the Solana blockchain, according to ChainCatcher.

DeFi application Legend has announced its decision to close the company after two years of operation. According to Foresight News, co-founder Jason shared the news on the X platform, stating that the application will continue to function normally for 60 days before officially shutting down on July 12. New user registration has been disabled immediately. The platform will send weekly reminders to users who still have balances, urging them to withdraw their assets before the closure.

South Korea's official think tank has emphasized the importance of maintaining a flexible monetary policy to ensure the stability of inflation expectations. According to Jin10, the think tank suggests that adaptability in monetary policy is crucial for addressing economic uncertainties and achieving long-term financial stability. The recommendation comes amid ongoing discussions about the best strategies to manage inflation and support economic growth in the region.

According to PANews, while market indices continue to rise, profitability is increasingly dependent on a few key sectors. The real risk lies not in missing out on opportunities, but in maintaining investment habits suited to a low-market environment.

DeFi protocol Avant has announced a delay in its planned token generation event (TGE) to mid-September due to current market conditions. According to Foresight News, the decision comes as the overall DeFi token market faces pressure and several protocols have recently experienced attacks.

Avant confirmed that users' accumulated reward points will be retained, with the accumulation period ending on May 15. The airdrop distribution will remain unaffected.

The team plans to use this time to advance new partnerships, continue expanding total value locked (TVL), and further develop its product offerings.

AI Agent-related narratives have gained renewed momentum, significantly impacting the Base ecosystem and x402 protocol tokens. According to BlockBeats On-chain Detection, several AI-related tokens have experienced notable increases.

MRDN, an AI Agent payment project, saw a 24-hour increase of 144%, reaching a market capitalization of $49.2 million. This surge was influenced by a retweet from Circle's official account.

BNKR, an AI automated trading project, recorded a 55% rise in 24 hours, with a market cap of $48.4 million. The increase was driven by the deployment of the BNKR FOMO Feed App.

POD, the default uncensored AI model provider for the Venice platform, experienced a 26% increase in 24 hours, with a market cap of $162 million. This was influenced by the vvv market trend.

KTA, another AI Agent payment project, also saw a 26% rise in 24 hours, with a market cap of $164 million.

BlockBeats notes that on-chain token trading is highly volatile and often driven by market sentiment and speculative concepts. Investors are advised to be cautious of the associated risks.

The OECD Secretary-General has stated that Japan's central bank is not lagging behind current economic conditions. According to Jin10, inflation expectations remain stable, and wage dynamics are strengthening in Japan.

Thailand's central bank has indicated that the risk of second-round inflation effects remains limited. According to Jin10, the bank expects inflation driven by supply factors to ease next year.

Pendle Finance has transferred 600,000 PENDLE tokens, valued at $1.27 million, to a centralized exchange (CEX). According to BlockBeats On-chain Detection, this transaction was made to the exchange on May 13. The move highlights ongoing activities within the cryptocurrency market, as projects manage their assets across various platforms.

The Organization for Economic Co-operation and Development (OECD) has projected that Japan's central bank benchmark interest rate will reach 2% by the end of 2027. According to Jin10, the report suggests that if the inflation rate remains around 2%, the current interest rate is still near the lower limit of a neutral range for the economy. The report also recommends that the Bank of Japan should continue to gradually raise interest rates to prevent economic overheating. Previously, the Bank of Japan estimated that the nominal neutral interest rate in Japan ranges between 1.1% and 2.5%, but noted significant uncertainty regarding the exact level.

U.S. President Donald Trump is contemplating the resumption of military operations against Iran, a move that the U.S. Department of Defense estimates has already incurred costs of approximately $29 billion. According to NS3.AI, Iran has stipulated conditions for engaging in nuclear discussions with the United States, which include the unfreezing of assets and acknowledgment of its sovereignty over the Strait of Hormuz. Despite these developments, the U.S. Secretary of Defense has affirmed that the ceasefire agreement remains in place.