- Market Commentary: BTC remained in a relatively weak consolidation phase within a high-level trading range over the past 24 hours. April CPI data coming in above market expectations, combined with Kevin Warsh’s Fed chair nomination process, has made BTC more likely to continue trading in a range in the short term. ETH underperformed BTC overall, although the options market continues to reflect a clearly bullish medium-term structure.
- Trending Tokens: The ongoing momentum surrounding AI Agents and on-chain automated trading narratives drove strong gains in BNKR following the launch of the FOMO Feed App. Meanwhile, renewed interest in modular scalability and liquid staking also attracted capital inflows into SAGA and SD. Overall, market risk appetite is gradually recovering, with capital beginning to reposition into mid- and small-cap assets featuring infrastructure narratives, yield potential, and ecosystem expansion expectations.
- Alpha Insights: The Fed has confirmed Kevin Warsh as a governor, while confirmation of his appointment as Fed Chair could come as early as Wednesday. Aave confirmed that the first phase of the rsETH recovery plan has been completed, including the destruction of the attacker’s rsETH on Arbitrum. Meanwhile, Sei Network has shut down inbound IBC asset transfers as the network gradually transitions toward a fully EVM-focused architecture.
Discover more details today → Gate Research: Warsh Chair Nomination Could Be Confirmed as Early as Wednesday, First Phase of Aave rsETH Recovery Plan Completed
Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.
Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
Gate Team
May 13, 2026
Gateway to Crypto
Trade over 4,600 cryptocurrencies safely, quickly, and easily on Gate
Take Action Now
Sign up and claim up to $10,000 in welcome rewards
Invite friends and earn a 40% commission
Stay Connected
Visit Gate's official website
Download the Gate App | Desktop
Follow us on X (Twitter) to get more bonuses
Join our Telegram community to discuss trending topics
Engage with our global community for the latest insights
Transparency & Security
Check our 100% Proof of Reserves
