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UXLINK fluctuated by 106.95% within 24 hours, current price $0.00187

【UXLINK fluctuated over 50% in 24 hours!】UXLINK fluctuated by 106.95% within 24 hours, current price $0.00187

UXLINK fluctuated over 50% in 24 hours!

On May 13, the U.S. Senate officially confirmed Kevin Waller as a member of the Federal Reserve Board with a vote of 51 in favor and 45 against, granting him a 14-year term. Waller replaces Milan, whose term has ended. The Senate has initiated the confirmation process for Waller's simultaneous appointment as Fed Chair, which is set for four years, and has held a cloture vote, starting the countdown for approval, which could occur as early as Wednesday local time. Current Chair Powell's term will end on Friday. According to PolyBeats monitoring, the probability of Waller receiving formal confirmation as Fed Chair before May 15 is 99.6% on the prediction market Polymarket.

[Fed Confirms Waller as Governor, Chair Appointment Expected by Wednesday]On May 13, the U.S. Senate officially confirmed Kevin Waller as a member of the Federal Reserve Board with a vote of 51 in favor and 45 against, granting him a 14-year term. Waller replaces Milan, whose term has ended. The Senate has initiated the confirmation process for Waller's simultaneous appointment as Fed Chair, which is set for four years, and has held a cloture vote, starting the countdown for approval, which could occur as early as Wednesday local time. Current Chair Powell's term will end on Friday. According to PolyBeats monitoring, the probability of Waller receiving formal confirmation as Fed Chair before May 15 is 99.6% on the prediction market Polymarket.

Fed Confirms Waller as Governor, Chair Appointment Expected by Wednesday

On May 13, Sei Labs announced that, following a community proposal, Sei Network has officially closed the IBC asset transfer functionality. The official reminder states that wallet users currently holding IBC assets on the Sei network need to bridge their assets out as soon as possible, as Sei will further close the IBC asset withdrawal functionality in the future. Sei Labs indicated that the Sei v6.4 version, upgraded in April, has incorporated mechanisms to disable IBC asset transfers. Some wallets holding relevant assets have previously received airdrop notifications, urging users to complete bridging or exchange operations before Sei fully transitions to an EVM-only architecture. This signifies that Sei is gradually diminishing its compatibility with the original Cosmos IBC ecosystem and moving further towards an EVM chain direction.

[Sei Closes IBC Asset Transfer Functionality, Network Shifts to Pure EVM Architecture]On May 13, Sei Labs announced that, following a community proposal, Sei Network has officially closed the IBC asset transfer functionality. The official reminder states that wallet users currently holding IBC assets on the Sei network need to bridge their assets out as soon as possible, as Sei will further close the IBC asset withdrawal functionality in the future. Sei Labs indicated that the Sei v6.4 version, upgraded in April, has incorporated mechanisms to disable IBC asset transfers. Some wallets holding relevant assets have previously received airdrop notifications, urging users to complete bridging or exchange operations before Sei fully transitions to an EVM-only architecture. This signifies that Sei is gradually diminishing its compatibility with the original Cosmos IBC ecosystem and moving further towards an EVM chain direction.

Sei Closes IBC Asset Transfer Functionality, Network Shifts to Pure EVM Architecture

On May 13, according to HTX market data, Bitcoin has fallen below $80,000, with a 24-hour decline of 2.07%.

[Bitcoin Falls Below $80,000]On May 13, according to HTX market data, Bitcoin has fallen below $80,000, with a 24-hour decline of 2.07%.

Bitcoin Falls Below $80,000

On May 13, CITIC Securities reported that U.S. inflation remained elevated in April, with ongoing spillover effects from the Middle East conflict and a compensatory rise in rental inflation pushing up core readings. High inflation continues to erode the real purchasing power of American households, with low-income families facing a stronger cost shock, leading to a return to negative growth in real hourly wages for the first time in three years. We believe the risk of secondary inflation in the U.S. is low, but high oil prices will constrain the room for inflation rate decline this year. Under the baseline scenario, we still expect the Federal Reserve to cut interest rates by 25 basis points this year. Currently, U.S. Treasuries are more suitable for trading opportunities, while U.S. stocks may face short-term risks of profit-taking as the strong earnings season approaches its end. The U.S. dollar index may experience weak fluctuations below 100 but is not expected to decline continuously.

[CITIC Securities: Low Risk of Secondary Inflation in the U.S., but High Oil Prices Will Limit Inflation Rate Decline This Year]On May 13, CITIC Securities reported that U.S. inflation remained elevated in April, with ongoing spillover effects from the Middle East conflict and a compensatory rise in rental inflation pushing up core readings. High inflation continues to erode the real purchasing power of American households, with low-income families facing a stronger cost shock, leading to a return to negative growth in real hourly wages for the first time in three years. We believe the risk of secondary inflation in the U.S. is low, but high oil prices will constrain the room for inflation rate decline this year. Under the baseline scenario, we still expect the Federal Reserve to cut interest rates by 25 basis points this year. Currently, U.S. Treasuries are more suitable for trading opportunities, while U.S. stocks may face short-term risks of profit-taking as the strong earnings season approaches its end. The U.S. dollar index may experience weak fluctuations below 100 but is not expected to decline continuously.

CITIC Securities: Low Risk of Secondary Inflation in the U.S., but High Oil Prices Will Limit Inflation Rate Decline This Year

On May 13, according to crypto journalist Eleanor Terrett, informed sources revealed that since last Friday, members of the American Bankers Association have sent over 8,000 letters to Senate offices urging lawmakers to refine the provisions of the stablecoin yield compromise bill. This action does not include a separate lobbying campaign initiated by phone.

[Members of the American Bankers Association Send Over 8,000 Letters to Senate Urging Improvement of Stablecoin Yield Compromise]On May 13, according to crypto journalist Eleanor Terrett, informed sources revealed that since last Friday, members of the American Bankers Association have sent over 8,000 letters to Senate offices urging lawmakers to refine the provisions of the stablecoin yield compromise bill. This action does not include a separate lobbying campaign initiated by phone.

Members of the American Bankers Association Send Over 8,000 Letters to Senate Urging Improvement of Stablecoin Yield Compromise

On May 13, according to monitoring by Lookonchain, the whale address 0x4E53 purchased 151,000 $HYPE (worth $6.09 million) and completed staking just 2 hours ago. Over the past week, this whale has accumulated a total of 500,998 $HYPE, with a total value of $21.3 million.

[Whale Purchases 151,000 HYPE Again, Staking Worth $6.09 Million]On May 13, according to monitoring by Lookonchain, the whale address 0x4E53 purchased 151,000 $HYPE (worth $6.09 million) and completed staking just 2 hours ago. Over the past week, this whale has accumulated a total of 500,998 $HYPE, with a total value of $21.3 million.

Whale Purchases 151,000 HYPE Again, Staking Worth $6.09 Million

On May 13, the Senate confirmed Kevin Walsh as a member of the Federal Reserve Board with a vote of 51 in favor and 45 against. Pennsylvania Senator John Fetterman was the only Democratic member to support him. The 56-year-old Walsh will also face a separate Senate vote for the position of Federal Reserve Chairman. Current Chairman Jerome Powell's eight-year term will expire this Friday; however, Powell plans to remain on the board during the ongoing federal investigation into renovations at the Federal Reserve headquarters. Walsh has previously held investments in cryptocurrency and blockchain companies and has committed to largely divesting. This background positions him as a candidate familiar with the digital asset space at a time when the Federal Reserve is considering regulatory rules related to stablecoins, bank custody of crypto assets, and digital payment systems.

[U.S. Senate Confirms Kevin Walsh as Federal Reserve Governor]On May 13, the Senate confirmed Kevin Walsh as a member of the Federal Reserve Board with a vote of 51 in favor and 45 against. Pennsylvania Senator John Fetterman was the only Democratic member to support him. The 56-year-old Walsh will also face a separate Senate vote for the position of Federal Reserve Chairman. Current Chairman Jerome Powell's eight-year term will expire this Friday; however, Powell plans to remain on the board during the ongoing federal investigation into renovations at the Federal Reserve headquarters. Walsh has previously held investments in cryptocurrency and blockchain companies and has committed to largely divesting. This background positions him as a candidate familiar with the digital asset space at a time when the Federal Reserve is considering regulatory rules related to stablecoins, bank custody of crypto assets, and digital payment systems.

U.S. Senate Confirms Kevin Walsh as Federal Reserve Governor

On May 13, according to CCTV, Iran announced on the 12th local time that a knowledgeable source revealed five preconditions for a new round of negotiations between Iran and the United States: 'ending all wars on all fronts, especially in Lebanon,' 'lifting sanctions on Iran,' 'releasing frozen Iranian funds,' 'compensating for war damages,' and 'recognizing Iran's dominance over the Strait of Hormuz.' On the same day, Iranian Deputy Foreign Minister Gharib Abadi stated on social media that US coercive policies cannot bring peace. He pointed out that Iran's principles are clear: to permanently stop wars and prevent their recurrence; to compensate for damages; to lift blockades; to remove illegal sanctions; and to respect Iran's rights. The US cannot talk about a ceasefire while continuing the blockade; cannot discuss diplomacy while intensifying sanctions; and cannot speak of regional stability while exporting military forces to the region. (Dongxin News Agency)

[Iran Reveals Preconditions for New Round of Negotiations; Deputy Foreign Minister Claims US Coercive Policies Cannot Bring Peace]On May 13, according to CCTV, Iran announced on the 12th local time that a knowledgeable source revealed five preconditions for a new round of negotiations between Iran and the United States: 'ending all wars on all fronts, especially in Lebanon,' 'lifting sanctions on Iran,' 'releasing frozen Iranian funds,' 'compensating for war damages,' and 'recognizing Iran's dominance over the Strait of Hormuz.' On the same day, Iranian Deputy Foreign Minister Gharib Abadi stated on social media that US coercive policies cannot bring peace. He pointed out that Iran's principles are clear: to permanently stop wars and prevent their recurrence; to compensate for damages; to lift blockades; to remove illegal sanctions; and to respect Iran's rights. The US cannot talk about a ceasefire while continuing the blockade; cannot discuss diplomacy while intensifying sanctions; and cannot speak of regional stability while exporting military forces to the region. (Dongxin News Agency)

Iran Reveals Preconditions for New Round of Negotiations; Deputy Foreign Minister Claims US Coercive Policies Cannot Bring Peace

Indian crypto banking platform Cashaa is launching a $20 million venture capital fund with plans to invest in 20 to 50 Web 3 startups and projects in metasexes, NFT and more, Business Line reports.

Detail

【Cashaa is launching a $20 million Web3 fund】Indian crypto banking platform Cashaa is launching a $20 million venture capital fund with plans to invest in 20 to 50 Web 3 startups and projects in metasexes, NFT and more, Business Line reports.

Cashaa is launching a $20 million Web3 fund

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Cashaa is launching a $20 million Web3 fund

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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