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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 drive the bull market forward. The bank expects the S&P 500 index to reach 8300 points in the next 12 months, indicating a 12% increase from current levels. The team led by Mike Wilson also raised its year-end forecast for the S&P 500 from 7800 to 8000 points. A strong earnings season has surprised many market forecasters, prompting them to raise their expectations for the stock market. Companies in the S&P 500 index reported a 27% increase in first-quarter profits so far, more than double the approximately 12% increase previously predicted by analysts.

[Morgan Stanley Raises S&P 500 Target to 8300, 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 drive the bull market forward. The bank expects the S&P 500 index to reach 8300 points in the next 12 months, indicating a 12% increase from current levels. The team led by Mike Wilson also raised its year-end forecast for the S&P 500 from 7800 to 8000 points. A strong earnings season has surprised many market forecasters, prompting them to raise their expectations for the stock market. Companies in the S&P 500 index reported a 27% increase in first-quarter profits so far, more than double the approximately 12% increase previously predicted by analysts.

Morgan Stanley Raises S&P 500 Target to 8300, Betting on Strong Corporate Earnings Growth

On May 13, the Wall Street Journal reported, citing informed sources, that recent investment offers for Anthropic have valued the company at over $900 billion, doubling its current valuation and surpassing OpenAI for the first time. Earlier this year, OpenAI was valued at $852 billion in a funding round. Anthropic's 'revenue run rate' is expected to reach $50 billion by the end of next month, having already exceeded $30 billion in April, compared to just $9 billion at the end of 2025. The company initially anticipated a tenfold growth this year, but in reality, it achieved approximately 80 times annualized revenue and usage growth in the first quarter. In contrast, OpenAI reported at the end of March that its monthly revenue reached $2 billion, equivalent to an annualized $24 billion. However, the data from the two companies is not entirely comparable, as Anthropic accounts for revenue through sales from cloud service partners, while OpenAI does not use the same method. An OpenAI spokesperson also stated that the monthly revenue figure is not intended to serve as an accurate annualized run rate.

[WSJ: Anthropic's Valuation Surpasses $900 Billion, First Time Exceeding OpenAI]On May 13, the Wall Street Journal reported, citing informed sources, that recent investment offers for Anthropic have valued the company at over $900 billion, doubling its current valuation and surpassing OpenAI for the first time. Earlier this year, OpenAI was valued at $852 billion in a funding round. Anthropic's 'revenue run rate' is expected to reach $50 billion by the end of next month, having already exceeded $30 billion in April, compared to just $9 billion at the end of 2025. The company initially anticipated a tenfold growth this year, but in reality, it achieved approximately 80 times annualized revenue and usage growth in the first quarter. In contrast, OpenAI reported at the end of March that its monthly revenue reached $2 billion, equivalent to an annualized $24 billion. However, the data from the two companies is not entirely comparable, as Anthropic accounts for revenue through sales from cloud service partners, while OpenAI does not use the same method. An OpenAI spokesperson also stated that the monthly revenue figure is not intended to serve as an accurate annualized run rate.

WSJ: Anthropic's Valuation Surpasses $900 Billion, First Time Exceeding OpenAI

On May 13, crypto journalist Eleanor Terrett revealed on social media that members of the Senate Banking Committee submitted over 100 amendments to the Clarity Act yesterday. The DeFi Education Fund is urgently tracking the provisions classified as "anti-DeFi amendments," warning that these amendments will severely harm DeFi technology, users, and developers, and is calling on supporters to lobby senators to firmly oppose them before tomorrow's review meeting. According to DEF, these amendments were jointly proposed by Democratic Senators Catherine Cortez Masto, Angus King, Chris Van Hollen, Elizabeth Warren, and Jack Reed, targeting core DeFi protection provisions in the bill, including: • Blockchain Regulatory Certainty Act (BRCA) • Protection for non-controlling software developers • DeFi front-end protection • Tokenization-related provisions • Significant expansion of BSA/AML obligations for developers and digital asset businesses.

[Senate Banking Committee Members Submit Over 100 Amendments to the CLARITY Act]On May 13, crypto journalist Eleanor Terrett revealed on social media that members of the Senate Banking Committee submitted over 100 amendments to the Clarity Act yesterday. The DeFi Education Fund is urgently tracking the provisions classified as "anti-DeFi amendments," warning that these amendments will severely harm DeFi technology, users, and developers, and is calling on supporters to lobby senators to firmly oppose them before tomorrow's review meeting. According to DEF, these amendments were jointly proposed by Democratic Senators Catherine Cortez Masto, Angus King, Chris Van Hollen, Elizabeth Warren, and Jack Reed, targeting core DeFi protection provisions in the bill, including: • Blockchain Regulatory Certainty Act (BRCA) • Protection for non-controlling software developers • DeFi front-end protection • Tokenization-related provisions • Significant expansion of BSA/AML obligations for developers and digital asset businesses.

Senate Banking Committee Members Submit Over 100 Amendments to the CLARITY Act

According to CNBC: JPMorgan stated that investor panic is rapidly rising, with many clients turning fully bearish on the stock market. Despite the pessimistic market sentiment, JPMorgan's traders still advise clients to remain calm and not to panic amid market volatility.

[JPMorgan: Investor Panic is Rapidly Rising, Many Clients Turn Bearish on Stock Market]According to CNBC: JPMorgan stated that investor panic is rapidly rising, with many clients turning fully bearish on the stock market. Despite the pessimistic market sentiment, JPMorgan's traders still advise clients to remain calm and not to panic amid market volatility.

JPMorgan: Investor Panic is Rapidly Rising, Many Clients Turn Bearish on Stock Market

On May 13, due to adverse market conditions, cryptocurrency hardware wallet manufacturer Ledger has suspended its IPO plans.

[Ledger Halts IPO Plans Amid Harsh Market Conditions]On May 13, due to adverse market conditions, cryptocurrency hardware wallet manufacturer Ledger has suspended its IPO plans.

Ledger Halts IPO Plans Amid Harsh Market Conditions

On May 13, market data indicated that the Nasdaq China Golden Dragon Index continued to rise, expanding its gains to 4%, possibly influenced by Trump's visit to China today. Chinese concept stocks saw widespread increases, including: Kingsoft Cloud (KC) up 18.45%, Meituan ADR (MPNGY) up 9.72%, JD (JD) up 8.26%, Alibaba (BABA) up 8.11%, NIO (NIO) up 7.48%, Baidu (BIDU) up 7.32%, Brain Rejuvenation Technology (RGC) up 6.91%, Pinduoduo (PDD) up 5.35%, Bilibili (BILI) up 5.23%, and Li Auto (LI) up 4.46%.

[U.S. Stocks of Chinese Companies Surge, China Golden Dragon Index Jumps 4%]On May 13, market data indicated that the Nasdaq China Golden Dragon Index continued to rise, expanding its gains to 4%, possibly influenced by Trump's visit to China today. Chinese concept stocks saw widespread increases, including: Kingsoft Cloud (KC) up 18.45%, Meituan ADR (MPNGY) up 9.72%, JD (JD) up 8.26%, Alibaba (BABA) up 8.11%, NIO (NIO) up 7.48%, Baidu (BIDU) up 7.32%, Brain Rejuvenation Technology (RGC) up 6.91%, Pinduoduo (PDD) up 5.35%, Bilibili (BILI) up 5.23%, and Li Auto (LI) up 4.46%.

U.S. Stocks of Chinese Companies Surge, China Golden Dragon Index Jumps 4%

On May 13, Arthur Hayes posted on social media, stating: "In my view, the surge in 10-year U.S. Treasury yields will force Trump to conclude with an agreement with China, otherwise the wheels of traditional financial markets will come off. I am buying on the dips here."

[Arthur Hayes: Surge in 10-Year U.S. Treasury Yields Will Force Trump to Make Favorable Decisions]On May 13, Arthur Hayes posted on social media, stating: "In my view, the surge in 10-year U.S. Treasury yields will force Trump to conclude with an agreement with China, otherwise the wheels of traditional financial markets will come off. I am buying on the dips here."

Arthur Hayes: Surge in 10-Year U.S. Treasury Yields Will Force Trump to Make Favorable Decisions

PLANCK fluctuated by 61.04% within 24 hours, current price $0.000336

【PLANCK's 24-hour volatility exceeds 50%!】PLANCK fluctuated by 61.04% within 24 hours, current price $0.000336

PLANCK's 24-hour volatility exceeds 50%!

On May 13, according to AXIOS, Anthropic is taking a strong stance against unauthorized secondary market stock trading, at least verbally. Anthropic previously stated that any sale or transfer of Anthropic stock or any rights to Anthropic stock that is not approved by the board of directors is invalid and will not be recognized in the company's books and records. The company subsequently named eight secondary trading platforms, including well-known platforms like Hiive and Forge. The report noted that Anthropic's restrictions are not uncommon, but the complexity arises from the fact that while Anthropic does not allow special purpose vehicles (SPVs) to purchase its stock, many SPVs claim they can. Generally, SPVs can provide indirect investment opportunities through derivatives, and some SPVs themselves are derivatives that can enter into agreements with authorized holders, making it nearly impossible for the issuer to regulate. The report pointed out that despite Anthropic issuing strong warnings to potential buyers and sellers, it is unlikely to take significant enforcement actions.

[Anthropic Warns Against Unauthorized Secondary Market Stock Trading]On May 13, according to AXIOS, Anthropic is taking a strong stance against unauthorized secondary market stock trading, at least verbally. Anthropic previously stated that any sale or transfer of Anthropic stock or any rights to Anthropic stock that is not approved by the board of directors is invalid and will not be recognized in the company's books and records. The company subsequently named eight secondary trading platforms, including well-known platforms like Hiive and Forge. The report noted that Anthropic's restrictions are not uncommon, but the complexity arises from the fact that while Anthropic does not allow special purpose vehicles (SPVs) to purchase its stock, many SPVs claim they can. Generally, SPVs can provide indirect investment opportunities through derivatives, and some SPVs themselves are derivatives that can enter into agreements with authorized holders, making it nearly impossible for the issuer to regulate. The report pointed out that despite Anthropic issuing strong warnings to potential buyers and sellers, it is unlikely to take significant enforcement actions.

Anthropic Warns Against Unauthorized Secondary Market Stock Trading

According to Cointelegraph, an investor with nearly $2 million worth of funds frozen in bankrupt cryptocurrency lender BlockFi has filed a class action complaint against its founders, two directors and crypto exchange Gemini. In a Feb. 28 complaint filed in the U.S. District Court for the District of New Jersey, investor Trey Greene accused the defendants of numerous wrongdoings, including violating the consumer fraud and exchange acts, breaching its fiduciary duties, as well as offering and selling unregistered securities. “The unregistered securities sold by the BFI [BlockFi] Defendants on behalf of BlockFi were marketed and sold via a steady stream of misrepresentations and material omissions by Prince and Marquez over several years and through intermittent misrepresentations by Defendant Gemini.” Greene claims he invested over $1.5 million in interest accounts which are alleged to be unregistered securities, and accrued over $400,000 in capital gains and earned interest which was re-invested. He is currently unable to withdraw the funds, however, after BlockFi froze all withdrawals on Nov. 10, 2022 — the same day FTX filed for bankruptcy. Greene further claims that he was induced into buying the “unregistered securities” by misrepresentations from BlockFi’s founders Zac Prince and Flori Marquez that the offerings were comparable to federally-insured bank products.

Detail

【BlockFi execs, Gemini named in proposed lawsuit by a disgruntled investor】According to Cointelegraph, an investor with nearly $2 million worth of funds frozen in bankrupt cryptocurrency lender BlockFi has filed a class action complaint against its founders, two directors and crypto exchange Gemini. In a Feb. 28 complaint filed in the U.S. District Court for the District of New Jersey, investor Trey Greene accused the defendants of numerous wrongdoings, including violating the consumer fraud and exchange acts, breaching its fiduciary duties, as well as offering and selling unregistered securities. “The unregistered securities sold by the BFI [BlockFi] Defendants on behalf of BlockFi were marketed and sold via a steady stream of misrepresentations and material omissions by Prince and Marquez over several years and through intermittent misrepresentations by Defendant Gemini.” Greene claims he invested over $1.5 million in interest accounts which are alleged to be unregistered securities, and accrued over $400,000 in capital gains and earned interest which was re-invested. He is currently unable to withdraw the funds, however, after BlockFi froze all withdrawals on Nov. 10, 2022 — the same day FTX filed for bankruptcy. Greene further claims that he was induced into buying the “unregistered securities” by misrepresentations from BlockFi’s founders Zac Prince and Flori Marquez that the offerings were comparable to federally-insured bank products.

BlockFi execs, Gemini named in proposed lawsuit by a disgruntled investor

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BlockFi execs, Gemini named in proposed lawsuit by a disgruntled investor

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