⚠️Haxie Chain News Hourly Aggregated Briefing:

Reporting Period: 07:00 - 08:00
🔥 Bermuda Plans to Migrate Key Financial Services to the Stellar Blockchain
Bermuda’s Prime Minister David Burt announced several crypto-related initiatives, including accepting and investing in digital assets and on-chain financial services, to help the country align with the crypto industry.
🔥 Federal Reserve Board Member Waller Confirmed, Chair Appointment Expected to Be Finalized by Wednesday at the Latest
The U.S. Senate confirmed Kevin Waller as a Federal Reserve Board member with 51 votes in favor and 45 against, for a 14-year term. The Senate has begun its chair appointment process, with a vote expected as early as Wednesday. Current Chair Powell’s term ends on Friday. Polymarket predicts a 99.6% chance that Waller will be confirmed by the Chair before May 15.
🔥 UK Adds Fighter Jets and Warships to the Multinational Escort Mission in the Strait of Hormuz
According to the UK Ministry of Defence, the UK will provide drone, fighter jet, and warship support to the multilateral escort operation in the Strait of Hormuz, including Typhoon fighter jets and the “Dragon” destroyer. Data from the prediction market Polymarket shows a 9% probability of passage through the Strait by the end of this month, and a 33% chance by the end of June.
🔥 US April CPI Climbs to 3.8%, a Nearly Three-Year High; US Stocks Close Lower as Crypto Slips, and Bitcoin Briefly Breaks Below $80,000
On May 13, the U.S. April CPI rose to 3.8% year over year, reaching a nearly three-year high. U.S. stocks closed lower on Tuesday: the Dow edged up 0.1%, the S&P 500 fell 0.16%, and the Nasdaq dropped 0.7%. Chip stocks were hit hard, with Qualcomm down 11%, Micron Technology down 3.5%, and both Intel and SanDisk down more than 6%. Crypto-related stocks broadly declined, with Strategy down 5.88%, Coinbase down 4.14%, and Circle down 6.14%. In the crypto market, Bitcoin briefly broke below $80,000 this morning and is currently at around $80,500; Ethereum is at $2,278. Total market cap stands at $2.766 trillion, down 1.5% over 24 hours. Among altcoins, SAGA is up 84.66%, VIC is up 37.2%, DYM is up 28.9%, and SAHARA is up 18.1%; OSMO is down 25.4%, and GTC is down 23.7%. Spot gold briefly fell 2% and broke below $4,640 per ounce, while both oil prices rose by more than 4%.
$btc #usdc #eth #sahara #osmo #gtc