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On May 14, the U.S. Senate confirmed Walsh as the Chair of the Federal Reserve with a vote of 54 to 45. The Senate had previously approved Walsh as a Federal Reserve Governor for a 14-year term on the 12th. Following the approval of his chairmanship on the 13th, Walsh will officially assume office after completing the necessary signing procedures at the White House, succeeding the current Chair Powell, whose term ends this Friday (May 15). However, Powell is expected to remain on as a Federal Reserve Governor. This vote marks one of the most significant partisan divides in history: only one Democrat—Senator John Fetterman of Pennsylvania—voted in favor alongside the Republican majority.

[U.S. Senate Confirms Kevin Walsh as Federal Reserve Chair]On May 14, the U.S. Senate confirmed Walsh as the Chair of the Federal Reserve with a vote of 54 to 45. The Senate had previously approved Walsh as a Federal Reserve Governor for a 14-year term on the 12th. Following the approval of his chairmanship on the 13th, Walsh will officially assume office after completing the necessary signing procedures at the White House, succeeding the current Chair Powell, whose term ends this Friday (May 15). However, Powell is expected to remain on as a Federal Reserve Governor. This vote marks one of the most significant partisan divides in history: only one Democrat—Senator John Fetterman of Pennsylvania—voted in favor alongside the Republican majority.

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

On May 14, American financial services giant Charles Schwab began a phased rollout of its 'Schwab Crypto' service to eligible U.S. retail clients, allowing users to trade Bitcoin and Ethereum directly. According to official information, users can view and manage their crypto assets directly through their existing Schwab accounts, with custody provided by Charles Schwab Premier Bank and underlying custody and trade execution services offered by Paxos. The platform charges a trading fee of 0.75% of the transaction amount, and currently does not support external wallet deposits and withdrawals. Additionally, this service is not yet available to residents of New York and Louisiana. Charles Schwab currently manages approximately $12 trillion in client assets, with its clients holding about 20% of the assets in U.S. spot crypto ETFs.

[Charles Schwab Launches Spot Crypto Trading Service for U.S. Retail Clients]On May 14, American financial services giant Charles Schwab began a phased rollout of its 'Schwab Crypto' service to eligible U.S. retail clients, allowing users to trade Bitcoin and Ethereum directly. According to official information, users can view and manage their crypto assets directly through their existing Schwab accounts, with custody provided by Charles Schwab Premier Bank and underlying custody and trade execution services offered by Paxos. The platform charges a trading fee of 0.75% of the transaction amount, and currently does not support external wallet deposits and withdrawals. Additionally, this service is not yet available to residents of New York and Louisiana. Charles Schwab currently manages approximately $12 trillion in client assets, with its clients holding about 20% of the assets in U.S. spot crypto ETFs.

Charles Schwab Launches Spot Crypto Trading Service for U.S. Retail Clients

On May 14, according to the Federal Reserve's annual survey, the vast majority of Americans are still worried about high prices in 2025, while anxiety about the job market is also on the rise. In the context of near stagnation in job growth last year, 42% of adults expressed varying degrees of concern about 'finding or keeping a job,' up from 37% in 2024. Meanwhile, about nine-tenths of respondents reported being concerned about rising prices. The survey was conducted in October of last year, before the outbreak of the Iran war, yet issues of affordability in 2025 are already widespread and are expected to become a significant topic in the upcoming midterm elections.

[Federal Reserve Survey: Americans Highly Concerned About Price Increases by 2025]On May 14, according to the Federal Reserve's annual survey, the vast majority of Americans are still worried about high prices in 2025, while anxiety about the job market is also on the rise. In the context of near stagnation in job growth last year, 42% of adults expressed varying degrees of concern about 'finding or keeping a job,' up from 37% in 2024. Meanwhile, about nine-tenths of respondents reported being concerned about rising prices. The survey was conducted in October of last year, before the outbreak of the Iran war, yet issues of affordability in 2025 are already widespread and are expected to become a significant topic in the upcoming midterm elections.

Federal Reserve Survey: Americans Highly Concerned About Price Increases by 2025

On May 14, local time, on the 13th, the Deputy Director of News and Communications Affairs at the Iranian Presidential Office, Tabatabai, stated that the current internet restrictions are temporary due to security considerations during wartime. Tabatabai denied that the internet restrictions would become permanent and pointed out that under wartime conditions, the public prioritizes security over convenient internet access. (CCTV)

[Iranian Presidential Office: Internet Access Will Not Be Permanently Restricted]On May 14, local time, on the 13th, the Deputy Director of News and Communications Affairs at the Iranian Presidential Office, Tabatabai, stated that the current internet restrictions are temporary due to security considerations during wartime. Tabatabai denied that the internet restrictions would become permanent and pointed out that under wartime conditions, the public prioritizes security over convenient internet access. (CCTV)

Iranian Presidential Office: Internet Access Will Not Be Permanently Restricted

AL fluctuated by 91.9% within 24 hours, current price $0.0036

【AL fluctuated over 50% in 24 hours!】AL fluctuated by 91.9% within 24 hours, current price $0.0036

AL fluctuated over 50% in 24 hours!

On May 13, Morgan Stanley became more optimistic about the U.S. stock market, betting that strong earnings growth and economic conditions will continue to propel the bull market. The bank predicts that the S&P 500 index will reach 8,300 points within the next 12 months, representing a 12% increase from current levels. The team led by Mike Wilson also raised its year-end forecast for the S&P 500 from 7,800 to 8,000 points. A strong earnings season has surprised many market forecasters, prompting them to raise their expectations for the stock market. Earnings for S&P 500 constituent companies in the first quarter have surged 27% so far, more than double the approximately 12% increase that analysts had previously predicted.

[Morgan Stanley Raises S&P 500 Target to 8,300, Betting on Strong Corporate Earnings Growth]On May 13, Morgan Stanley became more optimistic about the U.S. stock market, betting that strong earnings growth and economic conditions will continue to propel the bull market. The bank predicts that the S&P 500 index will reach 8,300 points within the next 12 months, representing a 12% increase from current levels. The team led by Mike Wilson also raised its year-end forecast for the S&P 500 from 7,800 to 8,000 points. A strong earnings season has surprised many market forecasters, prompting them to raise their expectations for the stock market. Earnings for S&P 500 constituent companies in the first quarter have surged 27% so far, more than double the approximately 12% increase that analysts had previously predicted.

Morgan Stanley Raises S&P 500 Target to 8,300, Betting on Strong Corporate Earnings Growth

On May 14, Federal Reserve's Collins stated that a sustained increase in productivity is expected, driven not only by artificial intelligence; the unemployment rate remains relatively low. There have been many recent supply shocks, raising significant concerns about supply-side issues.

[Fed's Collins: Recent Supply Shocks Raise Concerns]On May 14, Federal Reserve's Collins stated that a sustained increase in productivity is expected, driven not only by artificial intelligence; the unemployment rate remains relatively low. There have been many recent supply shocks, raising significant concerns about supply-side issues.

Fed's Collins: Recent Supply Shocks Raise Concerns

OSMO fluctuated by 54.84% within 24 hours, current price $0.0886

【OSMO fluctuated over 50% in 24 hours!】OSMO fluctuated by 54.84% within 24 hours, current price $0.0886

OSMO fluctuated over 50% in 24 hours!

FIO fluctuated by 84.91% within 24 hours, current price $0.00053

【FIO's 24-hour volatility exceeds 50%!】FIO fluctuated by 84.91% within 24 hours, current price $0.00053

FIO's 24-hour volatility exceeds 50%!

According to TechCrunch, Nillion, a web3 startup aiming to build a non-blockchain decentralized network, closed an oversubscribed round of more than $20 million. The round was led by Distributed Global. Other investors include AU21, Big Brain Holdings, Chapter One, GSR, HashKey, OP Crypto and SALT Fund. The startup aims to provide a new internet infrastructure for securing storage and data computation. The capital will be put toward building technology on the network and hiring engineering talent.

Detail

【Nillion raises over $20 million to build new web3 infrastructure】According to TechCrunch, Nillion, a web3 startup aiming to build a non-blockchain decentralized network, closed an oversubscribed round of more than $20 million. The round was led by Distributed Global. Other investors include AU21, Big Brain Holdings, Chapter One, GSR, HashKey, OP Crypto and SALT Fund. The startup aims to provide a new internet infrastructure for securing storage and data computation. The capital will be put toward building technology on the network and hiring engineering talent.

Nillion raises over $20 million to build new web3 infrastructure

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