Goolsby: Optimistic about a sharp decline in interest rates, but need to pay attention to inflation progress
ChainCatcher news, according to Golden Ten, the Federal Reserve Goolsbee said he remains optimistic that interest rates can fall sharply, but progress on inflation is needed.
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Odaily and 3 sources
The U.S. Senate has received enough votes to confirm Walsh's appointment as a member of the Federal Reserve Board
Odaily Planet Daily News The U.S. Senate has received enough votes to confirm Walsh's tenure as a member of the Federal Reserve Board of Governors for a fourteen-year term starting February 1, 2026. Voting is still ongoing. (Jin Shi)
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Odaily and 1 source
EIA: The average price of Brent oil is expected to be around $106 per barrel from May to June
Odaily Planet Daily News EIA released a short-term energy outlook report, which mentioned that the spot price of Brent crude oil rose sharply in April, as the de facto closure of the Strait of Hormuz tightened global oil supply, reaching a high of $138 per barrel on April 7, with an average of $117 per barrel for the month.
Global oil inventories are expected to decrease by an average of 8.5 million barrels per day in the second quarter of 2026, keeping Brent oil prices at around $106 per barrel in May and June. As oil production in the Middle East increases, we expect crude oil prices to fall, falling to an average of $89 per barrel in the fourth quarter of 2026 and $79 per barrel in 2027. (Jin Shi)
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ChainCatcher and 2 sources
The Ethereum Working Group has launched a clear signature open standard to solve the problem of blind signatures and improve the security of on-chain transactions
ChainCatcher news, a working group led by the Ethereum Foundation released a new "clear signing" open standard Clear Signing, with the goal of solving the long-standing "blind signing" problem, the new standard is based on the ERC-7730 specification, aiming to promote the implementation of the "WYSIWYS (What You See Is What You Sign)" concept, so that users can understand the actual execution of transactions in a unified, readable, and structured way before signing transactions. This replaces the current machine-readable but incomprehensible low-level transaction information display method, and enables transaction intentions to be clearly expressed and standardized on the wallet side through unified description formats, registry systems, and independent verification and audit mechanisms.
Rather than altering the on-chain transaction structure, Clear Signing enhances interpretability through standardized off-chain descriptions, enhancing security without compromising compatibility with existing protocols.
EIA Short-Term Energy Outlook Report: The Strait of Hormuz is expected to be closed until the end of May and gradually resumed navigation in June
The EIA short-term energy outlook report said that the Strait of Hormuz is expected to be closed until the end of May, gradually resume navigation in June, and reach pre-conflict levels later in 2026. Global oil demand is expected to be 104.2 million barrels per day in 2026, compared to the previous forecast of 104.6 million barrels per day; Demand is expected to be 105.6 million barrels per day in 2027, compared to the previous forecast of 106.2 million barrels per day. (Jin Shi)
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Odaily and 1 source
Trump Media & Technology Group scaled back its prediction market plans, and "Truth Predict" may shift from a trading platform to a marketing partnership model
Odaily Planet Daily News Trump Media Technology Group is significantly adjusting its prediction market product "Truth Predict" strategy, which originally planned to cooperate with Crypto.com to launch a full trading function, but now it may only be presented in the form of marketing and promotion cooperation, and the scale of the function has shrunk significantly.
According to the latest regulatory filings, the project is still in the development stage, but it will initially be limited to promotional cooperation with prediction market platform OG.com, rather than directly embedding trading functions on Truth Social. The market's original "social + prediction market transaction integration" model may be weakened.
Early plans show that Truth Predict had planned to allow users to convert platform points into crypto assets and participate in events such as sports, inflation, and elections, but the new disclosure structure is closer to "external platform diversion cooperation", and the specific business mechanism has not yet been clarified. Meanwhile, the prediction market industry is still in a phase of rapid expansion and regulatory conflict, with platforms including Kalshi and Polymarket continuing to expand their sports and event contracts business, but also facing jurisdictional disputes between state and federal gaming regulators.
According to the analysis, the strategic contraction of Truth Predict reflects the rising uncertainty in the prediction market in terms of compliance structure, product form and regulatory boundaries, especially in the context of the US regulatory system not yet fully unified, related products are more inclined to the "asset-light cooperation" model rather than direct financialization embedded in social platforms. （Wired）
Google is in talks with SpaceX to launch a data center
Odaily Planet Daily News According to market news: Google is negotiating with SpaceX to launch a data center.
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ChainCatcher and 1 source
Analysis: The market has digested inflationary pressures ahead of schedule, and BTC is expected to challenge $90,000
According to Sina Finance, 21Shares analyst Matt Mena said that Bitcoin did not fall due to inflation data, indicating that the market has digested the data of overheated inflation in advance and maintained above the important support level of $80,000.
Mena believes that Bitcoin is poised to retest the $82,000 resistance level and advance further towards $85,000 as macro resistance is gradually cleared. The upcoming Senate vote on the CLARITY Act could also be a significant catalyst, pushing the price to $90,000.
Catcher Predict: "Will Epstein's suicide note be made by: Release? Option "May 31st" is temporarily ranked first in the win rate
According to Catcher Predict, on the prediction market Polymarket, "Will Epstein's suicide note be published by: Release? The event is currently trading hot, with a cumulative pool size of $129 million. The option with the highest market consensus is "May 31st", which corresponds to a win rate of about 12.5%.
05/12/2026
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ChainCatcher and 1 source
Bank of America abandoned its forecast of a rate cut this year and postponed the first rate cut to the second half of 2027
According to ChainCatcher news, the US CPI increased by 3.8% year-on-year in April, the highest since May 2023, higher than the market expectation of 3.7%. Previously, Bank of America economists said in a report to clients on May 8 that due to continued higher-than-expected inflationary pressures and solid job growth, they had abandoned their previous forecast of one rate cut in September and one in October this year, and postponed the first rate cut to the second half of 2027.
The previous view was based on Trump's expectation of Kevin Walsh's nomination of Kevin Walsh to succeed Powell as Fed chairman, believing that policy would tend to be loose. But now that view has changed as the economic situation has changed. The report mentioned, "We no longer expect the Fed to cut interest rates this year." They also pointed out that multiple shocks affecting the economy, including the war in Iran, tariffs, and the rise of artificial intelligence, have made it more difficult to predict interest rate changes.
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ChainCatcher and 3 sources
The CFTC is negotiating with a number of professional sports leagues to cooperate in predicting market regulation
According to ChainCatcher news, Michael Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), said that the regulator is communicating with all major U.S. professional sports leagues to strengthen the regulatory framework for sports-related prediction markets and prevent insider trading and market manipulation risks.
Michael Selig revealed at FINRA's annual meeting in Washington that the CFTC has signed an information-sharing memorandum of understanding with Major League Baseball, marking the first time it has established a formal data collaboration mechanism with a professional sports league.
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Odaily and 1 source
Binance Chief Marketing Officer Rachel Conlan is leaving
Odaily Planet Daily News Crypto trading platform Binance Chief Marketing Officer Rachel Conlan announced that she will leave her position next month, ending her three-year tenure as a brand builder, with her last working day on June 15, and will assist in the transition as an advisor after leaving office. Binance said former Trust Wallet CEO Eowyn Chen will serve as interim CMO, responsible for market and brand management during the transition. （CoinDesk）
Movement acquires Canopy, officially bringing Vault infrastructure into the core layer of the ecosystem
According to ChainCatcher, Movement announced that it has completed the acquisition of Canopy, an on-chain vault infrastructure project, to further integrate key financial infrastructure within Movement Network. Canopy has previously been an important part of the Movement ecosystem, mainly responsible for building the Vault layer on the Movement Network, and its smart contracts allow users and independent policy managers to allocate assets and combine policies on-chain.
After this acquisition, Canopy will work more closely with the on-chain credit protocol MovePosition, and Movement is gradually building a complete on-chain financial infrastructure stack covering modules such as Vault, credit, and yield strategy. Movement stated that most public chain ecosystems still rely on third parties to provide core financial primitives, and Movement hopes to achieve deeper technical synergy between the Vault contract and other components of the network through self-built and internal integration.
For developers, this means directly integrating core protocols in continuous iteration; For partners, it means stronger consistency between the underlying infrastructure and the development team; For users, it is expected to get a more unified on-chain financial product experience. Officials also revealed that MovePosition and Canopy will gradually operate together as a unified infrastructure in the future, and more integration details will be announced in the coming weeks.
US inflation exploded in April, but Bitcoin resisted pressure and held the $80,000 mark
According to ChainCatcher news, the US CPI data for April hit a three-year high, triggering market concerns about the Federal Reserve raising interest rates again. According to the data, the core CPI in the United States rose 0.4% month-on-month in April, higher than market expectations of 0.3% and rose to 2.8% year-on-year; The headline CPI, which includes energy prices, rose 3.8% year-on-year, higher than the previous reading of 3.3% and marked the highest level of inflation since May 2023.
Affected by the data, the market quickly adjusted its expectations for the Fed's policy path. CME FedWatch data shows that traders are now betting on more than 35% of the probability of at least one rate hike in 2026, compared to the mainstream expectation of a rate cut this year a few weeks ago. Risk assets followed suit, with the Nasdaq falling more than 1.3% and U.S. Treasury yields rising in tandem. However, the crypto market has shown some resilience. Bitcoin remained above $80,000 after the data was released, temporarily trading at about $80,500, basically flat in 24 hours; Ethereum and XRP fell by about 2.5%.
Arkham announced that it will remove support for the TON chain, officially effective on May 13
ChainCatcher news, on-chain analysis platform Arkham announced on the X platform that after regular evaluation by the team, support for the TON blockchain will be removed from the Arkham Intel platform at 10 a.m. Eastern Time on May 13 (Wednesday).
Arkham said they regularly evaluate chain integration based on user needs, the chain's importance in the crypto ecosystem, and other factors. The removal of TON is based on the latest review results.
Xu Ran, CEO of JD.com: It is comprehensively upgrading its self-developed AI agent
Odaily Planet Daily News Xu Ran, CEO of JD.com Group, at today's JD.com earnings report performance meeting, JD.com is comprehensively upgrading its self-developed AIagent to help more accurately identify, stimulate and match user needs. Taking JD.com's AI intelligent assistant Jingdong Yan as an example, the number of user uses increased by more than 300% year-on-year in the first quarter. (Jin Shi)
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Odaily and 1 source
The U.S. chip and semiconductor sector fell collectively, with the Nasdaq Composite Index pulling back below 26,000 points
According to MSX data, the Nasdaq Composite Index fell below 26,000 points, with the latest report at 25,999.41 points, down 1.05% during the day.
The chip semiconductor sector fell collectively, with Nvidia shares falling 0.6%, TSMC shares falling 2.67%, Broadcom shares falling 1.52%, Micron Technology shares falling 6.08%, Chaowei Semiconductor shares falling 3.06%, Intel shares falling 7.01%, ASML shares falling 3.63%, and Qualcomm shares further extending their decline to 10%, after rising sharply for three consecutive days.
Opinion: The current round of BTC bear market has been significantly decoupled from historical cycles and has performed stronger
According to Cointelegraph, Bitcoin Bond Company CEO Pierre Rochard said that the current fourth bear market of Bitcoin has been significantly decoupled from past cycles and is currently performing stronger. Previously, the maximum drawdown was about 85% in the 2013-2015 cycle, and the maximum drawdown in the 2017-2018 and 2021-2022 cycles was nearly 77%, while this round fell back from an all-time high of about $126,000 to around $60,000, with a maximum drawdown of only about 52%.
Rochard believes that this resilience mainly comes from two new demands: the cumulative net inflow of Bitcoin spot ETFs exceeding $59 billion, and the continuous buying of corporate treasuries (such as Strategy, which already holds more than 818,000 BTC). These institutionalized needs were not present in the bear markets of 2018 and 2022.
Michaël van de Poppe, founder of MN Capital, also said that the current market is no longer the environment it was in 2022, and that the view that "Bitcoin will come out of a bear flag pattern and bottom out in October 2026" may be the most crowded trading expectation.
Delphi Digital Analyzes Marginal Changes in Strategy's Bitcoin Financing Model, STRC Becomes a Key Expansion Engine But Risks Rise Simultaneously
According to ChainCatcher news, crypto research institution Delphi Digital released its latest report "How Far Can Saylor Stretch It", which systematically analyzes Strategy's Bitcoin (BTC) fund expansion mechanism, pointing out that its financing structure is moving from "low-cost increase" to "marginal efficiency diminishing". According to the report, STRC has become the core financing tool for Strategy's continuous purchase of BTC in the current asset accumulation system centered on Bitcoin. In the early days, it relied on a significant premium in MSTR's stock price (mNAV is much higher than the net value of BTC) to achieve a positive cycle of "additional issuance is increase", but as the valuation fell back to about 1.24 times the basic mNAV of EVs, the BTC/share thickening effect brought about by the additional issuance of common shares has been close to breakeven.
At the same time, convertible bond instruments, although they have played an important role in the historical stage, have accumulated about US$8.2 billion in principal and are facing centralized repayment pressure after September 2027, putting pressure on the long-term sustainability of the financing structure. STRC provides a continuous source of financing for Strategy by providing an annualized monthly dividend of approximately 11.5% to income investors to continue the pace of BTC purchases. However, this mechanism also introduces a continuous cash flow obligation, allowing each round of financing to increase BTC assets while simultaneously accumulating future dividend burdens.
The report highlights a key risk scenario: if the BTC price moves sideways and the MSTR premium cannot be recovered, the "STRC margin purchase gain" may be gradually offset by the "common share dilution and dividend obligation". Although the company's cash reserves of approximately $2.25 billion can cover approximately $1 billion in redemption pressure in 2027, a larger debt and dividend structure in 2028 remains to be resolved. In addition, STRC's current authorized issuance cap of approximately $28.3 billion has become a key constraint node. Once the upper limit is reached, the purchasing power of new BTC may slow down, but the existing dividend obligations will still exist, changing the overall dynamic growth path of BTC/share.
