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On May 14, Susan Collins, President of the Federal Reserve Bank of Boston, stated that the Federal Reserve may need to raise interest rates if inflationary pressures do not subside. "While this is not the most likely scenario in my predictions, I can envision a situation where certain policy tightening may be necessary to ensure that inflation returns to the 2% level in a timely and sustained manner." The outlook for FOMC monetary policy largely depends on the duration of the conflict in the Middle East, noting that the longer the conflict lasts, the greater the risks, particularly regarding inflation.

[Fed's Collins: Rate Hikes May Be Needed to Curb Inflation]On May 14, Susan Collins, President of the Federal Reserve Bank of Boston, stated that the Federal Reserve may need to raise interest rates if inflationary pressures do not subside. "While this is not the most likely scenario in my predictions, I can envision a situation where certain policy tightening may be necessary to ensure that inflation returns to the 2% level in a timely and sustained manner." The outlook for FOMC monetary policy largely depends on the duration of the conflict in the Middle East, noting that the longer the conflict lasts, the greater the risks, particularly regarding inflation.

Fed's Collins: Rate Hikes May Be Needed to Curb Inflation

On May 14, it was reported that Consensys has postponed its potential IPO plans to the fall.

[Consensys Has Postponed Its Potential IPO Plans to Fall]On May 14, it was reported that Consensys has postponed its potential IPO plans to the fall.

Consensys Has Postponed Its Potential IPO Plans to Fall

On May 14, Musk's xAI is intensifying efforts to promote the use of the Grok chatbot among Wall Street companies. Apollo and Morgan Stanley have begun using Grok internally, alongside software from other AI model manufacturers.

[Musk's xAI Accelerates Adoption of Grok Chatbot by Wall Street Firms]On May 14, Musk's xAI is intensifying efforts to promote the use of the Grok chatbot among Wall Street companies. Apollo and Morgan Stanley have begun using Grok internally, alongside software from other AI model manufacturers.

Musk's xAI Accelerates Adoption of Grok Chatbot by Wall Street Firms

On May 14, Wednesday (May 13), at the New York close (04:59 Beijing time on Thursday), the offshore renminbi (CNH) was quoted at 6.7874 against the US dollar, an increase of 34 points from Tuesday's New York close, with overall trading during the day ranging between 6.7930 and 6.7860.

[Offshore Renminbi Rises 34 Points Against the US Dollar Compared to Tuesday's New York Close]On May 14, Wednesday (May 13), at the New York close (04:59 Beijing time on Thursday), the offshore renminbi (CNH) was quoted at 6.7874 against the US dollar, an increase of 34 points from Tuesday's New York close, with overall trading during the day ranging between 6.7930 and 6.7860.

Offshore Renminbi Rises 34 Points Against the US Dollar Compared to Tuesday's New York Close

On May 14, Federal Reserve's Kashkari stated that current inflation is too high and that the inflation rate needs to be restored to 2%, emphasizing that the target should not be changed. The duration of the closure of the Strait of Hormuz remains a significant question mark, which will have a major impact on inflation. Even if the Strait of Hormuz reopens, it will take several months for the supply chain to return to normal.

[Fed's Kashkari: Current Inflation is Too High, Needs to Return to 2%]On May 14, Federal Reserve's Kashkari stated that current inflation is too high and that the inflation rate needs to be restored to 2%, emphasizing that the target should not be changed. The duration of the closure of the Strait of Hormuz remains a significant question mark, which will have a major impact on inflation. Even if the Strait of Hormuz reopens, it will take several months for the supply chain to return to normal.

Fed's Kashkari: Current Inflation is Too High, Needs to Return to 2%

On May 14, the Israeli Prime Minister's Office issued a statement on the evening of May 13, local time, stating that during this year's war with Iran, Israeli Prime Minister Netanyahu made a secret visit to the UAE and met with UAE President Mohammed. The statement noted, 'This visit facilitated a historic breakthrough in relations between Israel and the UAE.' (CCTV International News)

[Israeli Prime Minister's Secret Visit to UAE During War with Iran]On May 14, the Israeli Prime Minister's Office issued a statement on the evening of May 13, local time, stating that during this year's war with Iran, Israeli Prime Minister Netanyahu made a secret visit to the UAE and met with UAE President Mohammed. The statement noted, 'This visit facilitated a historic breakthrough in relations between Israel and the UAE.' (CCTV International News)

Israeli Prime Minister's Secret Visit to UAE During War with Iran

LVVA fluctuated by 72.4% within 24 hours, current price $0.0007909

【LVVA fluctuated over 50% in 24 hours!】LVVA fluctuated by 72.4% within 24 hours, current price $0.0007909

LVVA fluctuated over 50% in 24 hours!

On May 14, according to foreign media reports, sources revealed that Microsoft (MSFT.O) is seeking to acquire an artificial intelligence startup in preparation to reduce its reliance on its once-critical partner, OpenAI. The potential acquisition would help Microsoft build up its AI talent and advance its previously stated goal of developing an advanced AI model by next year. Sources indicated that earlier this spring, Microsoft considered acquiring the code generation startup Cursor, but ultimately abandoned the plan due to internal assessments suggesting that the deal would face regulatory scrutiny because of Microsoft's ownership of GitHub Copilot. Microsoft is currently in negotiations with Inception, a small startup founded by a team from Stanford University, which focuses on developing large language models using a technology called 'diffusion.' Microsoft's venture capital fund M12 participated in Inception's $50 million seed round financing at the end of 2025. Microsoft also faces strong competition from other tech giants in the bidding, particularly SpaceX, which is owned by Elon Musk. Sources noted that SpaceX has also approached Inception.

[Microsoft Seeks to Acquire AI Company to Reduce Dependence on OpenAI]On May 14, according to foreign media reports, sources revealed that Microsoft (MSFT.O) is seeking to acquire an artificial intelligence startup in preparation to reduce its reliance on its once-critical partner, OpenAI. The potential acquisition would help Microsoft build up its AI talent and advance its previously stated goal of developing an advanced AI model by next year. Sources indicated that earlier this spring, Microsoft considered acquiring the code generation startup Cursor, but ultimately abandoned the plan due to internal assessments suggesting that the deal would face regulatory scrutiny because of Microsoft's ownership of GitHub Copilot. Microsoft is currently in negotiations with Inception, a small startup founded by a team from Stanford University, which focuses on developing large language models using a technology called 'diffusion.' Microsoft's venture capital fund M12 participated in Inception's $50 million seed round financing at the end of 2025. Microsoft also faces strong competition from other tech giants in the bidding, particularly SpaceX, which is owned by Elon Musk. Sources noted that SpaceX has also approached Inception.

Microsoft Seeks to Acquire AI Company to Reduce Dependence on OpenAI

On May 14, the three major U.S. stock indices closed mixed, with the Nasdaq rising 1.2%, the S&P 500 up 0.58%, and the Dow Jones down 0.14%. Both the Nasdaq and S&P 500 set new record highs. Most large tech stocks saw gains, with Google up nearly 4%, Meta, Tesla, and Nvidia rising over 2%, and Apple and Amazon increasing by more than 1%. Microsoft and Netflix experienced slight declines. Notably, the top three publicly traded companies by market value—Nvidia, Google, and Apple—all reached historic highs. Ford's stock price closed up 13%, marking its largest increase since 2020.

[U.S. Stock Market Close: Nasdaq and S&P 500 Reach New Highs; Nvidia, Google, and Apple Hit Record Market Values]On May 14, the three major U.S. stock indices closed mixed, with the Nasdaq rising 1.2%, the S&P 500 up 0.58%, and the Dow Jones down 0.14%. Both the Nasdaq and S&P 500 set new record highs. Most large tech stocks saw gains, with Google up nearly 4%, Meta, Tesla, and Nvidia rising over 2%, and Apple and Amazon increasing by more than 1%. Microsoft and Netflix experienced slight declines. Notably, the top three publicly traded companies by market value—Nvidia, Google, and Apple—all reached historic highs. Ford's stock price closed up 13%, marking its largest increase since 2020.

U.S. Stock Market Close: Nasdaq and S&P 500 Reach New Highs; Nvidia, Google, and Apple Hit Record Market Values

Assets under management for Ethereum investment products plunged 46.7 percent to $4.54 billion in June, according to a recent report from cryptocurrency analytics firm CryptoCompare. By contrast, Bitcoin's AUM has shrunk by about 33.6 percent over the same period. Ethereum recently recorded its worst quarter ever, plunging 67 per cent since April. Meanwhile, bitcoin recorded its worst quarter since 2011, losing more than 68% of its value.

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【Ethereum's auM fell nearly 50 per cent in June】Assets under management for Ethereum investment products plunged 46.7 percent to $4.54 billion in June, according to a recent report from cryptocurrency analytics firm CryptoCompare. By contrast, Bitcoin's AUM has shrunk by about 33.6 percent over the same period. Ethereum recently recorded its worst quarter ever, plunging 67 per cent since April. Meanwhile, bitcoin recorded its worst quarter since 2011, losing more than 68% of its value.

Ethereum's auM fell nearly 50 per cent in June

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