Crypto Breakfast | May 13

1. The three major U.S. stock indices moved in different directions. The Dow closed up 0.1%, the S&P 500 fell 0.16%, and the Nasdaq dropped 0.7%. Qualcomm (QCOM.O) fell 11%, Micron Technology (MU.O) dropped 3.5%, and both Intel (INTC.O) and SanDisk (SNDK.O) fell by more than 6%.

2. As market concerns about the Iran war continuing to intensify, international oil prices extended their upward trend. WTI crude briefly approached $103 and ultimately closed up 3.76% at $102.32 per barrel; Brent crude ultimately closed up 2.71% at $105.3 per barrel.

3. The United States’ overall CPI for April was 3.8% year over year, exceeding the expected 3.7%, reaching a new high since May 2023, with the energy index contributing more than 40% of the overall increase.

4. Federal Reserve—Federal Reserve Governor Goolsbee said inflation trends are “disappointing.” The U.S. Senate voted to confirm Waller as a Federal Reserve Board member, and the chair nomination vote will be held on Wednesday local time. As of this morning, interest rate futures are pricing in about a 10 BP rate hike by the Fed by the end of the year.

5. Iran situation—① U.S. Defense Secretary: Iran’s ceasefire agreement is still in effect; if necessary, there are already plans to escalate the situation with Iran.
② “Rage” may become “Heavy Hammer”: the U.S. plans to rename to sidestep issues related to war authorization time limits.
③ Iran: The precondition for talks with the U.S. is ending hostilities and lifting the blockade on the straits.

6. The Ethereum Foundation officially launched the Clear Signing standard (ERC-7730, etc.), aiming to end blind signing and enhance transaction security, supported by multiple wallets and protocols.

7. The U.S. Senate Banking Committee is advancing the CLARITY Act (Digital Asset Market Structure Act). Schumer said the Democrats support passage; the markup is scheduled for May 14.

8. BNKR surged by more than 45%, with its market cap surpassing $47 million. The official BNKR FOMO Feed App was deployed today.

9. Aave: The first batch of steps in the rsETH technical recovery plan has been completed; the attacker’s rsETH on the Arbitrum chain has been destroyed.

10. Bitwise Chief Investment Officer Matt Hougan: As stablecoins and asset tokenization enter the mainstream financial system, “privacy” is becoming a core direction in the competition for crypto infrastructure. Recently, three blockchain projects focused on stablecoin and tokenization use cases—Arc, Canton, and Tempo—collectively raised over $1 billion, with a total valuation exceeding $10 billion.

11. Coinbase added a SOL collateralized lending service, allowing users to borrow up to $100,000.

12. Google releases a brand-new category, Googlebook, rebuilding the desktop ecosystem with Android.

【Bitcoin Market Analysis】Bitcoin has undergone more than a 1 period of adjustment, and it still hasn’t managed to break below the $80,000 level. Even though it was pulled down by U.S. stocks last night, it surged back up instantly.

On a 4-hour level, if it holds above $81,000, it will re-enter an upward trend. Resistance is around $83,500–$87,000.

Once the daily chart holds in the $87,000–$90,000 range, be sure to remember that the trend has arrived; at that time, Bitcoin will accelerate its rally.

【Risk Reminder】 Digital assets are subject to significant volatility, and the risk is extremely high. Please participate cautiously, avoid going all-in “blindly,” and refuse loan leverage; $BTC ‌#Gate广场五月交易分享