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📢 Gate Square Daily Report | May 14
1️⃣ Geopolitical Situation: U.S. April PPI year-over-year hits a new three-year high. Rising oil prices and renewed Iran supply risks are again fueling inflation concerns.
2️⃣ Macro Trends: The U.S. Senate has approved Kevin Walsh as the 17th Chair of the Federal Reserve. He will officially take office after the White House completes the signing process.
3️⃣ Market Dynamics: BTC drops below $80,000, currently trading at $79,238, down 1.6% over the past 24 hours.
4️⃣ Crypto Regulation: The CLARITY Act is scheduled for review today by the U.S. Senate Banking Committee.
5️⃣ Financing Trends: Crypto firms continue to face IPO delays. Ledger has paused its listing plans, while Consensys has postponed its IPO to the fall.