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On May 13, U.S. stocks opened lower and continued to decline, with the Nasdaq falling by 2%, the S&P 500 down by 0.99%, and the Dow Jones down by 0.23%. Nvidia's stock price dropped by 1.4%, Broadcom's stock fell by 4.42%, Advanced Micro Devices (AMD) saw a decline of 6.75%, Intel's stock decreased by 10.91%, and ASML's stock fell by 5.69%.

[U.S. Stocks Open Lower, Nasdaq Declines by 2%]On May 13, U.S. stocks opened lower and continued to decline, with the Nasdaq falling by 2%, the S&P 500 down by 0.99%, and the Dow Jones down by 0.23%. Nvidia's stock price dropped by 1.4%, Broadcom's stock fell by 4.42%, Advanced Micro Devices (AMD) saw a decline of 6.75%, Intel's stock decreased by 10.91%, and ASML's stock fell by 5.69%.

U.S. Stocks Open Lower, Nasdaq Declines by 2%

Market data shows that BTC briefly dropped below $80,000, currently reported at $80,491.71, with a 24-hour decline of 1.88%. The market is experiencing significant fluctuations, so please ensure proper risk management.

[BTC Briefly Drops Below $80,000]Market data shows that BTC briefly dropped below $80,000, currently reported at $80,491.71, with a 24-hour decline of 1.88%. The market is experiencing significant fluctuations, so please ensure proper risk management.

BTC Briefly Drops Below $80,000

On May 13, according to the UK Ministry of Defence, the UK will provide drone, fighter jet, and warship support for the multinational escort operation in the Strait of Hormuz, further strengthening security deployments in the Gulf region. The UK Ministry of Defence stated that this deployment will include Typhoon fighter jets and the British destroyer HMS Dragon.

[UK to Deploy Aircraft and Warships for Multinational Escort Operation in the Strait of Hormuz]On May 13, according to the UK Ministry of Defence, the UK will provide drone, fighter jet, and warship support for the multinational escort operation in the Strait of Hormuz, further strengthening security deployments in the Gulf region. The UK Ministry of Defence stated that this deployment will include Typhoon fighter jets and the British destroyer HMS Dragon.

UK to Deploy Aircraft and Warships for Multinational Escort Operation in the Strait of Hormuz

On May 13, data from the U.S. Treasury revealed that the deficit for the fiscal year 2026 has reached $954 billion so far, compared to a deficit of $1.049 trillion during the same period in fiscal year 2025. In April, U.S. budget expenditures totaled $622 billion, up from $592 billion in April 2025; April revenues were $837 billion, compared to $850 billion in April 2025.

[U.S. Treasury: U.S. Deficit for Fiscal Year 2026 Reaches $954 Billion]On May 13, data from the U.S. Treasury revealed that the deficit for the fiscal year 2026 has reached $954 billion so far, compared to a deficit of $1.049 trillion during the same period in fiscal year 2025. In April, U.S. budget expenditures totaled $622 billion, up from $592 billion in April 2025; April revenues were $837 billion, compared to $850 billion in April 2025.

U.S. Treasury: U.S. Deficit for Fiscal Year 2026 Reaches $954 Billion

On May 13, The Wall Street Journal reported on Tuesday, citing informed sources, that Google is in discussions with Elon Musk's SpaceX regarding a rocket launch agreement, as the search engine giant aims to send an orbital data center into space. The report also indicated that Google is exploring potential agreements with other rocket launch companies. This collaboration with Google would mark Musk's second reconciliation with an AI competitor he has publicly criticized, while SpaceX's highly anticipated and crucial initial public offering is approaching. Last week, Anthropic agreed to utilize the full computing power of SpaceX's Colossus 1 facility in Memphis and expressed interest in collaborating with the rocket company to develop a gigawatt-scale orbital data center.

[Google in Talks with SpaceX for Rocket Launch to Send Orbital Data Center to Space]On May 13, The Wall Street Journal reported on Tuesday, citing informed sources, that Google is in discussions with Elon Musk's SpaceX regarding a rocket launch agreement, as the search engine giant aims to send an orbital data center into space. The report also indicated that Google is exploring potential agreements with other rocket launch companies. This collaboration with Google would mark Musk's second reconciliation with an AI competitor he has publicly criticized, while SpaceX's highly anticipated and crucial initial public offering is approaching. Last week, Anthropic agreed to utilize the full computing power of SpaceX's Colossus 1 facility in Memphis and expressed interest in collaborating with the rocket company to develop a gigawatt-scale orbital data center.

Google in Talks with SpaceX for Rocket Launch to Send Orbital Data Center to Space

On May 13, the U.S. Senate confirmed the nomination of Waller as a member of the Federal Reserve Board. (Jin Shi)

[U.S. Senate Confirms Fed Chair Nominee Waller as Federal Reserve Board Member]On May 13, the U.S. Senate confirmed the nomination of Waller as a member of the Federal Reserve Board. (Jin Shi)

U.S. Senate Confirms Fed Chair Nominee Waller as Federal Reserve Board Member

AL fluctuated by 55.94% within 24 hours, current price $0.00499

【AL fluctuated over 50% in 24 hours!】AL fluctuated by 55.94% within 24 hours, current price $0.00499

AL fluctuated over 50% in 24 hours!

SKYAI fluctuated by 68.06% within 24 hours, current price $0.584772

【SKYAI fluctuated over 50% in 24 hours!】SKYAI fluctuated by 68.06% within 24 hours, current price $0.584772

SKYAI fluctuated over 50% in 24 hours!

On May 13, the U.S. Senate secured enough votes to confirm Walsh as a member of the Federal Reserve Board, with a term of fourteen years starting from February 1, 2026. Voting is still ongoing.

[U.S. Senate Secures Enough Votes to Confirm Walsh as Federal Reserve Board Member]On May 13, the U.S. Senate secured enough votes to confirm Walsh as a member of the Federal Reserve Board, with a term of fourteen years starting from February 1, 2026. Voting is still ongoing.

U.S. Senate Secures Enough Votes to Confirm Walsh as Federal Reserve Board Member

According to CoinDesk, the House Subcommittee on Commodity Markets, Digital Assets, and Rural Development has provided the witness list for Thursday's hearing examining regulatory holes in crypto spot market regulations.
The panel notably includes former Commodity Futures Trading Commission (CFTC) Chair Timothy Massad, who is currently a research fellow at the Harvard Kennedy School and director, M-RCBG Digital Assets Policy Project.
Other witnesses include Purvi Maniar, general counsel at institutional crypto trading platform FalconX, and Nilmini Rubin, head of global policy at decentralized proof-of-stake ledger Hedera. Rounding out the panel are Daniel Davis, partner at law firm Katten Muchin Rosenman LLP, as well as its co-chair, Financial Markets and Regulation and Joseph Hall, partner at law firm Davis Polk & Wardwell LLP.
The hearing is set to begin Thursday at 2 p.m. ET.

Detail

【Former CFTC Chair Timothy massad among witnesses for house crypto hearing】According to CoinDesk, the House Subcommittee on Commodity Markets, Digital Assets, and Rural Development has provided the witness list for Thursday's hearing examining regulatory holes in crypto spot market regulations.
The panel notably includes former Commodity Futures Trading Commission (CFTC) Chair Timothy Massad, who is currently a research fellow at the Harvard Kennedy School and director, M-RCBG Digital Assets Policy Project.
Other witnesses include Purvi Maniar, general counsel at institutional crypto trading platform FalconX, and Nilmini Rubin, head of global policy at decentralized proof-of-stake ledger Hedera. Rounding out the panel are Daniel Davis, partner at law firm Katten Muchin Rosenman LLP, as well as its co-chair, Financial Markets and Regulation and Joseph Hall, partner at law firm Davis Polk & Wardwell LLP.
The hearing is set to begin Thursday at 2 p.m. ET.

Former CFTC Chair Timothy massad among witnesses for house crypto hearing

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Former CFTC Chair Timothy massad among witnesses for house crypto hearing

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