U.S. Senate to Vote on Kevin Warsh's Fed Chair Nomination Amid Key Economic Events
PANews posted on X (formerly Twitter). The upcoming week will see significant economic events, including the release of the U.S. Consumer Price Index (CPI) data for April. Additionally, the U.S. Senate is set to vote on a motion to end the debate on Kevin Warsh's nomination as Chair of the Federal Reserve. The Senate Banking Committee will also conduct a hearing on the CLARITY Act. Furthermore, the FT-Digital Assets Summit 2026 is scheduled to take place next week.
Upcoming Economic Events in May: Key Releases and Fed Speeches
A weekly macro calendar outlines eight significant events for the second week of May. According to NS3.AI, these include the U.S. April Consumer Price Index (CPI) set for release on May 12 at 12:30 p.m. UTC. Additionally, the calendar features the first-quarter GDP releases for the European Union and the United Kingdom, alongside three speeches from U.S. Federal Reserve officials. These events are anticipated to provide insights into economic trends and monetary policy directions.
Strategy's Michael Saylor Discusses STRC's Stability as a Bitcoin Investment Tool
Michael Saylor, Executive Chairman of Strategy, recently elaborated on the positioning of STRC as a low-volatility investment tool related to Bitcoin. According to ChainCatcher, STRC is Strategy's perpetual preferred stock with an annual dividend yield of 11.5%, paid monthly in cash. The dividend rate is adjusted monthly to encourage trading near the $100 par value and reduce price volatility.
Saylor described STRC as a credit product designed for income, stability, liquidity, and principal protection, backed by the company's Bitcoin and dollar assets. The preferred stock structure is considered more scalable and durable than debt.
Strategy has proposed changing the STRC dividend payment frequency from once a month to twice a month, on the 15th and at the end of the month, while keeping the annual dividend total unchanged. This change aims to stabilize prices, suppress cyclicality, and enhance liquidity. Saylor used metaphors to differentiate the three: STRC is likened to a passenger plane, BTC to a fighter jet, and MSTR to a rocket ship.
Currently, Strategy holds 818,334 Bitcoins, representing approximately 3.9% of the total supply of 21 million. STRC has reached a scale of $8.5 billion within nine months.
U.S. April Nonfarm Payrolls Exceed Expectations, Unemployment Rate at 4.3%
According to Jin10, a report by CITIC Securities indicates that U.S. nonfarm payrolls in April 2026 exceeded expectations, while the unemployment rate met expectations at 4.3%. The report suggests that the April data better reflects the current state of the U.S. job market compared to the previous two months. This is attributed to fewer one-time factors in April, a higher response rate from companies, and the smallest impact from the birth-death model in the last four months.
On the demand side, the U.S. job market in April showed overall resilience with marginally increased layoff pressures. On the supply side, while the labor force participation rate and employment-to-population ratio declined, the participation rate for those aged 25-54 remained stable. This indicates that the decline is not due to a large-scale exit of core labor but rather the effects of aging and retirement.
Regarding Federal Reserve monetary policy, CITIC Securities maintains its previous view that if the situation in Iran stabilizes and oil prices fall, leading to a cooling of inflation expectations, there could be a baseline scenario of a 25 basis point rate cut in the second half of the year after Kevin Warsh takes over.
Microsoft Security Team Uncovers Malicious macOS Guides Targeting Crypto Wallets
Microsoft's security research team has identified a cyberattack strategy that has been in operation since late 2025, according to PANews. The attackers have been publishing fake macOS troubleshooting guides on platforms such as Medium, Craft, and Squarespace. These guides, which address common user issues like freeing up disk space or fixing system errors, trick users into running malicious terminal commands. Once executed, these commands automatically download and run malware designed to steal cryptocurrency wallets, iCloud data, and passwords saved in browsers. This social engineering technique, known as ClickFix, bypasses macOS's Gatekeeper security mechanism because the victims voluntarily execute the commands.
Tether's asset interoperability protocol, USDT0, has disclosed details of its security architecture following the Kelp security incident. According to Odaily, the system currently employs a proprietary Decentralized Verification Network (DVN) with message veto power. It requires consensus from three independent validators using different codebases to achieve a 3/3 agreement before cross-chain messages can be settled. The current verification nodes include USDT0's proprietary DVN, LayerZero, and Canary, with plans to expand to 4/4 and 5/5 verification mechanisms.
USDT0 also stated that all multi-signature transactions undergo multiple reviews by internal teams, external security teams, and auditing firms before signing. The relevant contracts have been audited by Guardian and OpenZeppelin and are part of a $6 million bug bounty program on Immunefi.
Bitcoin Eyes $83,400 Amid Trump’s Iran Warning and CPI Week
Bitcoin (BTC) surged past $81,000 over the weekend, with traders cautious as geopolitical tensions and key economic data loom. According to BeInCrypto, the next technical target for Bitcoin is $83,400, driven by Fibonacci projections and a rising RSI indicating momentum. This week, investors face crucial economic indicators including Tuesday’s Consumer Price Index (CPI), Wednesday’s Producer Price Index (PPI), and Thursday’s retail sales data. Additionally, Donald Trump’s recent comments on Iran add geopolitical risk, potentially impacting Bitcoin’s trajectory. Jerome Powell’s final day as Federal Reserve Chair on Friday adds further uncertainty.
Mysten Labs to Introduce Confidential Transactions on Sui Network
Mysten Labs co-founder and Chief Product Officer Adeniyi Abiodun announced on the X platform that confidential transactions will be launched on the Sui network this year. According to PANews, these transactions aim to provide large-scale, free, and privacy-protected payments.
Whale Transfers Large Ethereum Holdings to Centralized Exchange
On May 11, a significant movement of Ethereum was detected. According to BlockBeats On-chain Detection, a whale known for losing $230 million in February due to a liquidation on Hyperliquid has transferred all of its Ethereum holdings to a centralized exchange (CEX) over the past four days. The whale moved 577,000 ETH to the CEX, with the final transfer of 225,000 ETH occurring five hours ago.
Despite these transfers, the whale still holds 11,500 BTC on-chain. This Bitcoin holding is valued at approximately $934 million. The whale's actions have attracted attention due to the scale of the transfers and the previous financial loss experienced earlier this year.
Altcoin Season Index Indicates Neutral Market Conditions
CoinMarketCap's Altcoin Season Index is currently at 51, which is below the threshold of 75 that defines an altcoin season. According to NS3.AI, this index evaluates the 90-day performance of the top 100 cryptocurrencies, excluding stablecoins and wrapped coins, in comparison to Bitcoin. The current level suggests a neutral market condition, indicating that altcoins are not outperforming Bitcoin significantly.
Bitcoin(BTC) Surpasses 82,000 USDT with a 1.66% Increase in 24 Hours
On May 10, 2026, 22:34 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 82,000 USDT benchmark and is now trading at 82,043.890625 USDT, with a narrowed 1.66% increase in 24 hours.
Iran Rejects U.S. Peace Proposal, Impacting Crude and Bitcoin Prices
Iran has turned down the United States' peace proposal, leading to a notable impact on financial markets. According to NS3.AI, West Texas Intermediate (WTI) crude oil opened 3% higher on Monday following the news. U.S. President Donald Trump expressed dissatisfaction with Iran's latest response, labeling it as unacceptable. In reaction, U.S. stock index futures experienced a decline of approximately 0.3%. Meanwhile, Bitcoin saw a 1.59% increase over the past 24 hours, climbing back above the $82,000 mark.
CME: High Probability of Fed Maintaining Rates Through June
The CME's "FedWatch" tool indicates a 93.8% probability that the U.S. Federal Reserve will keep interest rates unchanged through June. According to Jin10, there is a 6.2% chance of a cumulative 25 basis point rate cut. Looking ahead to July, the probability of maintaining rates stands at 88.8%, with a 10.8% chance of a 25 basis point cut and a 0.3% chance of a 50 basis point cut.
PRECIOUS METALS | Gold Prices Decline Amid Tensions in Strait of Hormuz
Gold prices experienced a decline after U.S. President Donald Trump dismissed Iran's recent peace proposal aimed at resolving the ongoing 10-week conflict affecting the Strait of Hormuz. Bloomberg posted on X, highlighting concerns that the rejection could exacerbate inflation fears. The strategic waterway has been a focal point of geopolitical tensions, impacting global trade and economic stability. Analysts suggest that the continued unrest may lead to increased volatility in precious metals markets, as investors seek safe-haven assets amid uncertainty.
Crypto Market Remains Neutral as Fear & Greed Index Holds Steady
CoinMarketCap's Crypto Fear & Greed Index is currently at 52, indicating a neutral sentiment in the market. According to NS3.AI, this index, which ranges from 0 to 100, evaluates market sentiment by analyzing price movements of the top 10 cryptocurrencies, volatility, derivatives data, the Stablecoin Supply Ratio, and search data from CoinMarketCap.
CME Bitcoin futures commenced trading at $80,895, creating a $505 gap from the previous trading day's closing price of $80,390. According to NS3.AI, this gap arises due to the difference between Friday's close and Monday's open, as CME trading halts over the weekend while Bitcoin spot trading remains active.
Digital Asset Seeks $300 Million Funding for Canton Network Valued at $2 Billion
Digital Asset is reportedly in the process of raising approximately $300 million, aiming for a valuation of around $2 billion for its Canton Network. According to NS3.AI, the funding round is led by a16z crypto and is anticipated to conclude within the next few weeks. Canton Network is a privacy-configurable public blockchain designed for institutional use and has managed or issued over $6 trillion in tokenized assets.
CITIC Securities Recommends Increasing Allocation to Gold and Commodities
CITIC Securities has released a research report suggesting an increased allocation to gold, commodities, and equity assets by May 2026. According to Jin10, the report highlights a preference for small-cap and growth styles in stock allocation. Additionally, the lithium battery and semiconductor sectors are identified as having significant allocation value.
Israel's Netanyahu Aims to End U.S. Military Aid Within a Decade
Israeli Prime Minister Benjamin Netanyahu has expressed his intention to gradually phase out U.S. financial support for Israel's military over the next decade. According to Jin10, Netanyahu stated, "I hope to reduce U.S. support for Israel to zero. We have matured... I believe we should move away from remaining military aid towards a partnership." Under a ten-year agreement initially negotiated by the Obama administration, the U.S. currently provides Israel with $3.8 billion in military aid annually, a deal set to continue until 2028. A report from the U.S. Congressional Research Service indicates that Israel has been the largest cumulative recipient of U.S. foreign aid since World War II, receiving over $174 billion (unadjusted for inflation). Netanyahu also emphasized his desire to expand U.S.-Israel military cooperation in the coming years. He proposed joint projects in intelligence, weapons, and missile defense, asserting that Israel is a global leader in these areas.
AI TRENDS | AI Drives Global Stock Market Gains Amid Strong Tech Performance
On May 11, Jin10 reported that a research note from China International Capital Corporation (CICC) highlighted the recent strength in global stock markets, including U.S. stocks, China's ChiNext, and markets in South Korea and Japan, driven by advancements in AI. According to Jin10, while geopolitical tensions have not worsened and market sentiment has improved, the impressive performance of tech stocks in the first quarter has significantly contributed to these gains. AI has played a leading role in recent market trends, influencing both profitability and growth. The report discusses AI from three perspectives: demand, investment intensity, and market pricing, concluding that AI has not yet reached a typical "bubble" stage. However, the investment pace relative to demand and capability has been notably aggressive, which has been a key factor in AI's turbulent progress over the past few years. Since 2023, AI-related market movements have not been consistently upward; typically, there is rapid growth over two quarters, followed by increased bubble concerns, leading to volatility or weakening for a quarter while awaiting new catalysts.
Aster Launches Hong Kong Stock Perpetual Contracts
Decentralized trading platform Aster has announced the launch of Hong Kong stock perpetual contracts. According to Odaily, the initial trading pairs include Tencent (00700.HK), Xiaomi (01810.HK), Pop Mart (09992.HK), and MiniMax (00100.HK).
Aster allows users to trade popular global assets using cryptocurrency, eliminating the need for complex account opening processes and restrictions. The Aster team plans to expand its asset offerings to cover more high-growth markets while continuously optimizing the product experience.
Asian Stock Indices Reach Record Highs as Markets Open
Asian stock indices opened at record highs, according to Odaily. On May 11, the Nikkei 225 index rose by 487.71 points, or 0.78%, reaching 63,201.36 points. Meanwhile, South Korea's KOSPI index increased by 288.73 points, or 3.85%, to 7,786.73 points. Samsung Electronics saw an opening rise of over 5%, while SK Hynix increased by more than 8%, both achieving record highs.
Polymarket Account Invests $300,000 in Spurs Spread Positions for Semifinals Game 4
A Polymarket account, which has previously incurred losses exceeding $1.3 million, has invested $300,000 in spread positions for the Spurs in the Western Conference Semifinals Game 4. According to NS3.AI, the account allocated $190,000 on Spurs -5.5 and $110,000 on Spurs -4.5 ahead of the 7:30 AM Beijing time tipoff today.
China's Energy Sector Seeks New Markets Amid Iran Conflict
China's suppliers of batteries, solar panels, and electric cars are actively pursuing new markets in response to the energy shocks caused by the ongoing conflict in Iran. Bloomberg posted on X, highlighting the strategic moves by Chinese companies to expand their reach and mitigate the impact of geopolitical tensions on their operations.
The conflict in Iran has disrupted global energy supplies, prompting Chinese firms to explore alternative markets to sustain growth. These companies are leveraging their expertise in renewable energy technologies to tap into regions less affected by the turmoil.
Industry analysts note that China's focus on renewable energy aligns with global trends towards sustainable solutions, offering a competitive edge in emerging markets. As the situation in Iran continues to evolve, Chinese suppliers are poised to adapt and capitalize on new opportunities in the international energy landscape.
Michael Saylor has indicated that Strategy might restart its Bitcoin acquisitions this week, following its previous purchase of 3,273 BTC for approximately $255 million on April 27. This acquisition increased Strategy's Bitcoin holdings to 818,334 BTC, valued at around $61.8 billion at the time of publication. According to NS3.AI, during Strategy's Q1 earnings call, Saylor mentioned that the company might occasionally sell parts of its Bitcoin treasury to finance dividends on its credit instruments.
Trump Mandates Federal Agencies to Prioritize American Products
U.S. President Donald Trump announced on social media that all federal agencies must prioritize purchasing American-made products, without exception. According to Odaily, Trump criticized Washington politicians for sending taxpayer money overseas for decades, benefiting foreign entities while neglecting American workers, factories, and supply chains. He declared that this "betrayal is over." Trump stated that his administration is strengthening "Made in America" laws, closing exemption loopholes, and prohibiting federal procurement of foreign products when quality American options are available. He warned Washington bureaucrats against casually granting exemptions and rubber-stamping foreign products, which disadvantage American workers. Trump emphasized prioritizing American workers, factories, and supply chains more than ever before. He announced the signing of Executive Order 14392 to combat false "Made in America" labels and enforce strict compliance. "No more tricks, no more fake labels, no more deceiving American taxpayers. America First means buying American!" he asserted.
U.S.-Iran Nuclear Talks Collapse as Oil Prices Surge
U.S.-Iran nuclear negotiations have come to a halt, leading to a significant impact on the commodities market. According to NS3.AI, West Texas Intermediate (WTI) crude oil prices opened 3% higher today. In contrast, spot gold prices dropped below $4,700 per ounce, settling around $4,680, while silver experienced a 1% decline. Additionally, futures for the three major U.S. stock indices fell by approximately 0.3%.
Aave Faces $200 Million Bad Debt Following rsETH Bridge Exploit
A recent exploit involving the rsETH bridge has resulted in approximately $200 million in bad debt for Aave. Attackers managed to forge around 116,500 rsETH and used it as collateral for borrowing. According to NS3.AI, Chainalysis has preliminarily linked the April 18 attack to the Lazarus group. Aave's incident report revealed that a forged bridge message was accepted due to poisoned nodes providing false data into a 1-of-1 DVN setup. DefiLlama reported that losses from exploits in April amounted to over $635 million across 28 incidents, with cumulative hack losses reaching $16.5 billion. In response, LayerZero has banned 1-of-1 verifier configurations across its protocol.
U.S. President Donald Trump expressed dissatisfaction with Iran's recent response. According to Odaily, Trump stated, "I have just read Iran's response. I don't like it. Completely unacceptable!"
The prediction market Polymarket has seen notable fluctuations in the event forecasting the number of tweets by Elon Musk between May 5 and May 12, 2026. According to ChainCatcher, the sub-market option predicting '100-119 tweets' experienced a sharp drop in its probability of occurrence, plummeting from 29.95% to 11.3% within an hour, marking a significant change of 18.65%. Observers are advised to monitor any related breaking news that may impact these predictions.
Gold prices opened nearly $20 lower on Monday, currently trading at $4,699.3 per ounce. According to Jin10, this decline follows recent market fluctuations.
Spot silver prices have fallen more than 1%, currently trading at $79.25 per ounce. According to Jin10, this decline reflects ongoing market volatility affecting precious metals.
U.S. stock futures for the three major indices opened slightly lower on Monday. According to Jin10, this minor decline follows recent market trends and investor sentiment. The futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all showed marginal decreases as trading commenced. Market participants are closely monitoring economic indicators and corporate earnings reports for further direction.
BNB Drops Below 650 USDT with a 0.13% Decrease in 24 Hours
On May 10, 2026, 20:50 PM(UTC). According to Binance Market Data, BNB has dropped below 650 USDT and is now trading at 649.590027 USDT, with a narrowed 0.13% decrease in 24 hours.
Polymarket Shows Significant Shift in Julius Randle Assists Prediction
The prediction market Polymarket has witnessed a notable fluctuation in the sub-market for Julius Randle's assists during the 'Spurs vs. Timberwolves' event. According to ChainCatcher, the probability for the 'Yes' option in the 'Julius Randle: Assists O/U 0.5' market surged from 64.5% an hour ago to 93.5%, marking a 29% increase. This shift may be influenced by recent developments affecting the event.
Iran Criticizes U.S. Military Presence in Persian Gulf
Iran has criticized the presence of U.S. military forces in the region, stating that it is a primary source of instability. According to Odaily, Iran claims that American bases cannot ensure their own security and advocates for a future in the Persian Gulf free from U.S. influence. Iran emphasizes its shared destiny with neighboring Gulf countries and declares that foreign powers are unwelcome in the Persian Gulf. The country asserts that its growing influence is part of a new regional order. Additionally, Iran highlights the importance of controlling the Strait of Hormuz to ensure security and calls for an end to its hostile use.
Anthony Scaramucci Discusses Trump's Leadership Style
Anthony Scaramucci recently shared insights on U.S. President Donald Trump's leadership approach, stating, "It's an administration of one." Bloomberg posted on X, highlighting Scaramucci's perspective on why Trump might not favor JD Vance or Marco Rubio as his successors. Scaramucci's comments were made during an interview with Mishal Husain, where he elaborated on Trump's unique governing style. The discussion is part of The Mishal Husain Show, available on various podcast platforms.
President Donald Trump has reignited the debate over auditing the U.S. gold reserves at Fort Knox, expressing his desire to verify the presence of the gold during a May 10 interview with journalist Sharyl Attkisson. According to BeInCrypto, Trump emphasized his intention to "knock on the door of Fort Knox" to confirm the reserves remain intact. The U.S. Bullion Depository in Kentucky holds approximately 147 million ounces of gold, valued at several hundred billion dollars. Despite Treasury Secretary Scott Bessent's assurances of annual audits, the last public audit was in 1974, fueling ongoing speculation.
Binance Wallet to Distribute BNB Rewards for Agentic Wallet Feedback
Binance Wallet announced on X that several users will receive 0.1 BNB each as a reward for their participation in the Agentic Wallet feedback initiative. The distribution of rewards is scheduled to be completed by May 22, 2026. The recipients include @cryptoM1011, @lanaupup, @LVnAn93220295, @Muhib2016007, @FishhPoo, @Nino84461039, @ZhuXiaoFu666666, @CharmingBoy8888, @455Vvbest, and @jisen454.
The feedback activity aimed to gather user insights to enhance the product experience. Binance Wallet expressed appreciation for all participants who contributed their feedback, emphasizing the collaborative effort to improve the platform's offerings. The initiative reflects Binance Wallet's ongoing commitment to engaging with its user base and refining its services based on community input.