#Gate广场五月交易分享 Bitcoin at 80,000 USD threshold broken! Tonight, the CLARITY bill votes, marking a historic moment for the market

Core Highlights
1 Bitcoin drops below 80,000 USD, 96,000 traders liquidated in 24 hours, totaling 277 million USD
US April CPI rises 3.8% year-over-year, exceeding market expectations of 3.7% and the previous 3.3%, with inflation data surpassing forecasts causing the market’s expectation of a rate cut by the Fed this year to nearly zero. Bitcoin temporarily fell below the 80,000 USD mark during trading, reaching a low of 79,802 USD, with a daily decline of 2.48%. Ethereum also fell over 3% to around 2,260 USD, XRP dropped 3.76%, Solana declined 4.37%. According to CoinGlass data, over the past 24 hours, more than 96,000 investors worldwide were forcibly liquidated, with total liquidations reaching 277 million USD (about 20 billion RMB). Goldman Sachs and other institutions have removed the 2026 rate cut expectations from pricing, and the CME FedWatch tool shows the probability of a 25 basis point hike in December rising above 30%.
Market Impact Assessment: Negative
Impacted Coins: BTC, ETH, SOL, XRP, DOGE, mainstream cryptocurrencies
2 Kevin Warsh officially appointed as Federal Reserve Chair, a familiar face in crypto regulation
The US Senate confirmed Kevin Warsh as Fed Chair with 54 votes in favor and 45 against, succeeding Jerome Powell. Warsh previously disclosed holdings in crypto assets including Polymarket and Solana, and during his nomination hearing, he stated "Bitcoin does not make me nervous," calling it a "transformative technology." After taking office, Warsh will lead policy development in areas such as stablecoin frameworks, crypto custody, and digital payment infrastructure. Wyoming Senator Cynthia Lummis posted on social media that US crypto holders "finally have a central bank leader ready to push this agenda."
Market Impact Assessment: Positive
Impacted Coins: BTC, ETH, SOL, overall crypto industry
3 CLARITY bill advances in the Senate today, only one step away from BTC/ETH regulatory exemption
The US Senate Banking Committee is scheduled to vote today (May 14) on the "Digital Asset Market Clarity Act" (CLARITY Act). The bill spans 309 pages, with key provisions including: classifying BTC and ETH as "digital commodities" under exclusive CFTC jurisdiction, permanently exempting SEC securities regulations; stablecoin issuers are prohibited from paying interest on passive holdings, but active participation such as staking and liquidity provision is unrestricted; DeFi protocols proven to be truly decentralized may be exempt from certain compliance requirements. The bill has already passed the House with a vote of 294:134, and current market predictions estimate a 65%-75% chance of passing in 2026.
Market Impact Assessment: Positive
Impacted Coins: BTC, ETH, stablecoin-related concepts
4 BlackRock transfers 172 million USD in crypto assets to Coinb, ETF redemption pressure persists
The world’s largest asset manager, BlackRock, transferred 861 BTC (about 69.6 million USD) and 44,691 ETH (about 101 million USD) to a CoinbPrime-related address on May 13, totaling approximately 172 million USD. Coinb Prime is the custodian for BlackRock’s spot Bitcoin ETF and spot Ethereum ETF. Analysts suggest such transfers may be normal ETF redemption operations, not indicative of direct selling. However, amid consecutive days of net outflows from BlackRock’s IBIT, institutional moves have attracted market attention. Fidelity’s FBTC recorded net outflows of 86.1 million USD, and Bitwise’s BITB outflows reached 17.5 million USD.
Market Impact Assessment: Neutral
Impacted Coins: BTC, ETH, spot ETF-related concepts
5 ConsenSys delays IPO to fall, Ethereum ecosystem IPO window narrows
Ethereum core application developer ConsenSys (creator of MetaMask wallet) has postponed its potential IPO to this fall, mainly due to high market volatility and waning investor interest in crypto IPOs. Previously, ConsenSys hired JPMorgan and Goldman Sachs to lead the listing process, with market estimates valuing it at up to 4 billion USD. The delay reflects current valuation pressures faced by crypto firms: Ledger, a crypto wallet provider, also announced a pause on its US IPO plans, with rumors suggesting a valuation target of around 4 billion USD.
Market Impact Assessment: Negative
Impacted Coins: ETH, tokens related to the ConsenSys ecosystem
6 Solana "Alpenglow" upgrade enters testnet, the largest consensus reform in history begins
Solana blockchain officially launched the "Alpenglow" upgrade testnet, the largest-scale consensus mechanism reform in its history. The upgrade aims to multiply block validation efficiency and enhance network security. LayerZero team apologized to users for recent service interruptions, Ronin announced completion of migration to Ethereum L2 and resumed operations. Additionally, Ethereum Foundation announced the official launch of "Clear Signing" (Clear Signing) feature, aimed at reducing the risk of users signing malicious transactions.
Market Impact Assessment: Positive
Impacted Coins: SOL, LayerZero (ZRO), Ronin (RON), Ethereum ecosystem
7 Bitcoin long-term holders surpass 4 million, a 300% increase from 2025 end
According to Santiment data, "conviction holders" of Bitcoin currently hold about 4 million BTC, nearly 300% more than at the end of 2024. These holders are generally unaffected by short-term price fluctuations and are seen as long-term market anchors. Glassnode data also shows that the unrealized loss for long-term BTC holders peaked at 15% in early April, but this is only a small fraction of the 75%+ during deep bear markets, indicating current holders are under manageable pressure.
Market Impact Assessment: Positive
Impacted Coins: BTC