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Market data shows that ETH has surpassed $2300, currently priced at $2300.07, with a 24-hour decline of 0.5%. The market is experiencing significant fluctuations, so please ensure proper risk management.

[ETH Surpasses $2300]Market data shows that ETH has surpassed $2300, currently priced at $2300.07, with a 24-hour decline of 0.5%. The market is experiencing significant fluctuations, so please ensure proper risk management.

ETH Surpasses $2300

HTX data monitoring shows that ETH has broken through 2300 USDT, currently reported at 2300.01 USDT, with a 24H decline of 0.58%.

【ETH breaks through 2300 USDT】HTX data monitoring shows that ETH has broken through 2300 USDT, currently reported at 2300.01 USDT, with a 24H decline of 0.58%.

ETH breaks through 2300 USDT

On May 13, a leaked list obtained by POLITICO revealed that members of the U.S. Senate Banking Committee have submitted over 100 amendments to the cryptocurrency market structure bill being reviewed on Thursday. These amendments primarily address issues related to stablecoin yields, protections for software developers, and ethical regulations. Among them, Democratic Senators Jack Reed and Tina Smith proposed to strengthen the ban on interest from stablecoins; Chris Van Hollen suggested prohibiting the President, members of Congress, and their families from holding or being associated with cryptocurrencies; Catherine Cortez Masto proposed establishing a safe harbor for software developers to avoid criminal liability. Additionally, Andy Kim proposed to rebuild the Department of Justice's national cryptocurrency enforcement team. The bill aims to clarify the jurisdiction of regulatory agencies over cryptocurrencies.

[Members of U.S. Senate Banking Committee Submit Over 100 Amendments to Cryptocurrency Bill]On May 13, a leaked list obtained by POLITICO revealed that members of the U.S. Senate Banking Committee have submitted over 100 amendments to the cryptocurrency market structure bill being reviewed on Thursday. These amendments primarily address issues related to stablecoin yields, protections for software developers, and ethical regulations. Among them, Democratic Senators Jack Reed and Tina Smith proposed to strengthen the ban on interest from stablecoins; Chris Van Hollen suggested prohibiting the President, members of Congress, and their families from holding or being associated with cryptocurrencies; Catherine Cortez Masto proposed establishing a safe harbor for software developers to avoid criminal liability. Additionally, Andy Kim proposed to rebuild the Department of Justice's national cryptocurrency enforcement team. The bill aims to clarify the jurisdiction of regulatory agencies over cryptocurrencies.

Members of U.S. Senate Banking Committee Submit Over 100 Amendments to Cryptocurrency Bill

On May 13, during Wednesday's trading session, gold prices experienced a slight decline due to uncertainty in the Middle East and inflation data from the U.S. that exceeded expectations, which weakened expectations for a Federal Reserve rate cut. Kyle Rodda, a senior financial market analyst at Capital.com, stated, "The U.S. inflation data has significantly reduced expectations for a rate cut by the Federal Reserve, even completely extinguishing such expectations. The market now seems to anticipate that the Fed may take action to raise interest rates before the end of the year. Therefore, this has put some downward pressure on gold prices." (Jin Shi)

[Inflation Surprises and Middle East Uncertainty Weaken Rate Cut Expectations; Gold Prices Slightly Decline]On May 13, during Wednesday's trading session, gold prices experienced a slight decline due to uncertainty in the Middle East and inflation data from the U.S. that exceeded expectations, which weakened expectations for a Federal Reserve rate cut. Kyle Rodda, a senior financial market analyst at Capital.com, stated, "The U.S. inflation data has significantly reduced expectations for a rate cut by the Federal Reserve, even completely extinguishing such expectations. The market now seems to anticipate that the Fed may take action to raise interest rates before the end of the year. Therefore, this has put some downward pressure on gold prices." (Jin Shi)

Inflation Surprises and Middle East Uncertainty Weaken Rate Cut Expectations; Gold Prices Slightly Decline

On May 13, Starknet announced on platform X that Bitcoin is the most sovereign currency in history, but it is also the least private currency ever used. strkBTC is addressing this issue and has been launched on Starknet today.

[Starknet: Token strkBTC Launched on Starknet]On May 13, Starknet announced on platform X that Bitcoin is the most sovereign currency in history, but it is also the least private currency ever used. strkBTC is addressing this issue and has been launched on Starknet today.

Starknet: Token strkBTC Launched on Starknet

On May 13, according to official news, Bitunix officially launched the 'TradFi vs Crypto: The Ultimate Showdown' trading competition, which runs from May 12 to May 25 and is open only to invited users. Upon registration, participants will automatically join two tracks—the Traditional Finance track (with a maximum reward of 180,000 USDT) and the Cryptocurrency track (with a maximum reward of 450,000 USDT). Participants must achieve a cumulative effective contract trading volume of 50,000 USDT to qualify for rewards. As user interest in TradFi products continues to rise, Bitunix is giving back to the community with a substantial prize pool, further solidifying its competitive advantage in the global contract trading arena.

[Bitunix Launches 'TradFi vs Crypto: The Ultimate Showdown' Trading Competition with a Prize Pool of 630,000 USDT]On May 13, according to official news, Bitunix officially launched the 'TradFi vs Crypto: The Ultimate Showdown' trading competition, which runs from May 12 to May 25 and is open only to invited users. Upon registration, participants will automatically join two tracks—the Traditional Finance track (with a maximum reward of 180,000 USDT) and the Cryptocurrency track (with a maximum reward of 450,000 USDT). Participants must achieve a cumulative effective contract trading volume of 50,000 USDT to qualify for rewards. As user interest in TradFi products continues to rise, Bitunix is giving back to the community with a substantial prize pool, further solidifying its competitive advantage in the global contract trading arena.

Bitunix Launches 'TradFi vs Crypto: The Ultimate Showdown' Trading Competition with a Prize Pool of 630,000 USDT

On May 13, Reuters reported that on May 12, the U.S. State Department stated that senior officials from both China and the United States unanimously agreed that no country should impose tolls on ships passing through the Strait of Hormuz. This indicates that both countries are seeking a common position on this issue. China has repeatedly emphasized that the Strait of Hormuz is a vital energy trade route, and maintaining security, stability, and smooth passage in this region aligns with the common interests of the international community. (Dongxin News Agency)

[U.S. State Department: China and U.S. Agree No Tolls for Ships in Strait of Hormuz]On May 13, Reuters reported that on May 12, the U.S. State Department stated that senior officials from both China and the United States unanimously agreed that no country should impose tolls on ships passing through the Strait of Hormuz. This indicates that both countries are seeking a common position on this issue. China has repeatedly emphasized that the Strait of Hormuz is a vital energy trade route, and maintaining security, stability, and smooth passage in this region aligns with the common interests of the international community. (Dongxin News Agency)

U.S. State Department: China and U.S. Agree No Tolls for Ships in Strait of Hormuz

On May 13, the on-chain financial application Legend announced that it will gradually shut down its company and product services. The team stated that Legend initially aimed to make DeFi's cross-chain exchange, yield generation, and payment functions more accessible to mainstream users through a simpler product interface. Although the product attracted a number of genuine users, the growth scale did not reach the level required for long-term sustainable operation, making the decision to close the business the most appropriate for the team and investors. 
Legend indicated that its biggest lesson learned is that mainstream users do not care whether a product is 'on-chain'; they are more concerned about yields, faster payment experiences, and greater control over their funds. The team believes that truly successful products do not explain cryptographic technology to users but rather completely hide it behind the experience. According to the announcement, Legend has stopped new user registrations, and existing users must complete fund withdrawals before the application closes on July 12. The official team will continue to remind users to withdraw their funds via email and notifications over the next 60 days and will retain relevant documentation pages for a period after the closure.

[Legend Announces Business Closure, Operations to Cease on July 12]On May 13, the on-chain financial application Legend announced that it will gradually shut down its company and product services. The team stated that Legend initially aimed to make DeFi's cross-chain exchange, yield generation, and payment functions more accessible to mainstream users through a simpler product interface. Although the product attracted a number of genuine users, the growth scale did not reach the level required for long-term sustainable operation, making the decision to close the business the most appropriate for the team and investors. 
Legend indicated that its biggest lesson learned is that mainstream users do not care whether a product is 'on-chain'; they are more concerned about yields, faster payment experiences, and greater control over their funds. The team believes that truly successful products do not explain cryptographic technology to users but rather completely hide it behind the experience. According to the announcement, Legend has stopped new user registrations, and existing users must complete fund withdrawals before the application closes on July 12. The official team will continue to remind users to withdraw their funds via email and notifications over the next 60 days and will retain relevant documentation pages for a period after the closure.

Legend Announces Business Closure, Operations to Cease on July 12

On May 13, local time Tuesday (12th), former Fed dove and Chicago Fed President Goolsbee stated during a chamber of commerce speech that last month's consumer inflation report from the government was disappointing. The data indicates that inflationary pressures are not solely driven by rising prices related to oil and tariffs; there are broader price pressures in the market. He specifically mentioned the unexpected rise in service sector inflation. He stated, 'Inflation is heading in the wrong direction, and this erroneous trend is not only reflected in oil-related aspects but also not solely in tariff-related aspects.' (Dongxin News Agency)

[Former Fed Dove: Inflation Trends Unrelated to Tariffs and Oil]On May 13, local time Tuesday (12th), former Fed dove and Chicago Fed President Goolsbee stated during a chamber of commerce speech that last month's consumer inflation report from the government was disappointing. The data indicates that inflationary pressures are not solely driven by rising prices related to oil and tariffs; there are broader price pressures in the market. He specifically mentioned the unexpected rise in service sector inflation. He stated, 'Inflation is heading in the wrong direction, and this erroneous trend is not only reflected in oil-related aspects but also not solely in tariff-related aspects.' (Dongxin News Agency)

Former Fed Dove: Inflation Trends Unrelated to Tariffs and Oil

On May 12, Iranian Parliament Speaker Ghalibaf announced on social media on the 11th local time that the Iranian armed forces are prepared to respond to any acts of aggression. He pointed out that the whole world understands that 'wrong strategies and wrong decisions inevitably lead to wrong results.' (CCTV News)

[Iranian Speaker: Armed Forces Prepared to Respond to Any Aggression]On May 12, Iranian Parliament Speaker Ghalibaf announced on social media on the 11th local time that the Iranian armed forces are prepared to respond to any acts of aggression. He pointed out that the whole world understands that 'wrong strategies and wrong decisions inevitably lead to wrong results.' (CCTV News)

Iranian Speaker: Armed Forces Prepared to Respond to Any Aggression

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Article

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Iranian Speaker: Armed Forces Prepared to Respond to Any Aggression

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