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According to Jinshi reports, Federal Reserve's Goolsbee stated that if households expect future income to grow and anticipate wealth gains from higher productivity, they may increase spending, thereby driving up inflation.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.0011%. Among the current mainstream exchanges, the rate on Binance is -0.0037%, OKX is 0.0013%, Bybit is 0.002%, and Gate is -0.0048%.

According to Techfundingnews, London-based AI recruitment platform Ethos has completed a $22.75 million Series A funding round, led by a16z with participation from General Catalyst.Ethos uses AI to interview candidates and analyze their academic papers, code, and other professional content to build detailed skill profiles. The platform then matches experts with paid opportunities, including expert consulting, market research, AI data annotation, advisory services, and full-time jobs.James Lo, co-founder and CEO of Ethos, stated, "Resumes do not accurately reflect a person's abilities. Ethos aims to help people showcase their complete professional capabilities in an AI-redefined economy and assist companies in finding the talent they truly need more precisely." Ethos aims to address the issues of rampant fake or AI-generated resumes and the difficulty in verifying candidates' true abilities.

According to The Block, the well-known startup accelerator Y Combinator will hold interviews in New York City for the first time, focusing on fintech and cryptocurrency startups, hoping to support more companies in this field.YC stated on Wednesday: "This is the first time YC has moved the interview process for a specific industry offline in this way, as they are meeting with founders who are forming a key ecosystem."A YC spokesperson said the interviews will take place offline in New York on May 21. The standard investment terms for selected startups are a $500,000 investment for 7% equity. Earlier this year, after YC launched this option, startups can also choose to receive funding in the form of Circle's stablecoin USDC.The YC Winter 2026 batch includes several crypto and fintech startups, including the financial infrastructure Sponge Wallet for the AI agent economy, the crypto deposit service provider Unifold, the unified trading platform for crypto, real-world assets, and prediction markets Sequence Markets, and the cross-platform trading platform for prediction markets Valence.Since its establishment in 2005, YC has invested in over 5,000 companies, with a total valuation exceeding $1 trillion. Its portfolio includes OpenAI, Airbnb, Stripe, and Reddit. YC's first crypto investment was in Coinbase in 2012, and it has since invested in over 150 crypto and fintech companies, including the prediction market platform Kalshi, the DeFi trading platform Axiom, and the NFT marketplace OpenSea. Last year, YC partnered with Coinbase to support startups building on-chain infrastructure, which YC referred to as "Fintech 3.0."

According to The Block, Coinbase Chief Legal Officer Paul Grewal stated that he is "very confident" that the stablecoin legislation, the Clarity Act, will pass before this summer, and publicly supports the compromise version proposed by Senators Thom Tillis and Angela Alsobrooks.The proposal retains activity-based rewards linked to actual platform usage and limits balance-based idle yield, which banks view as a risk of deposit outflow.Grewal mentioned that banks failed to provide substantial evidence of deposit outflow risk during multiple meetings and warned that if the compromise is rejected, banks will face a more lenient framework under the GENIUS Act, which allows any non-issuer to offer any rewards. Grewal expects the Clarity Act to pass by this summer at the latest.

According to The Block, Core Scientific has agreed to acquire Oklahoma-based Bitcoin mining company Polaris DS LLC for $421 million, with the transaction expected to be completed in the third quarter of 2026, pending regulatory approval.This acquisition will add 440 megawatts of contracted power to Core Scientific, aimed at accelerating its expansion in artificial intelligence and high-density computing businesses. The 40-acre campus of Polaris in Muskogee is powered and operational, adjacent to Core Scientific's existing facilities. Core Scientific is transforming and expanding its original Bitcoin mining facilities into a colocation data center focused on artificial intelligence and high-performance computing.

According to the official announcement, Coinbase has announced the launch of perpetual contracts for gold and silver, open for trading to eligible non-U.S. users. Among them, GOLD-PERP corresponds to 1 troy ounce of spot gold, and SILVER-PERP corresponds to 1 troy ounce of spot silver, both settled in USDC, supporting 24/7 trading, with a maximum leverage of 25 times. Institutional users can trade through Coinbase International Exchange, while retail users can participate via the Coinbase website and app.Coinbase stated that this move is part of its "traditional financial assets on-chain" strategy, aiming to build an "Everything Exchange" that covers crypto assets, traditional assets, and new products.In addition, Coinbase mentioned that it is working with the CFTC to plan the expansion of gold and silver futures trading in the U.S. market to operate 24/7. The company believes this will support weekend hedging, continuous price discovery, and cross-asset strategy trading.

According to Jin Shi reports, Federal Reserve's Musalem stated that there are reasonable scenarios indicating that interest rates need to remain stable for a period of time.

The Bitget Launchpool project KAIO (KAIO) is now open for investment, with a total prize pool of 10,000,000 KAIO. The locking period ends on May 13 at 21:00 (UTC+8). This round of Launchpool has opened 3 locking pools, including:BGB Locking PoolTotal Airdrop: 7,000,000 KAIOVIP User Locking Limit: 50,000 BGBRegular User Locking Limit: 5,000 BGBUSDGO Locking PoolTotal Airdrop: 2,000,000 KAIOIndividual Locking Limit: 500,000 USDGOKAIO Locking PoolTotal Airdrop: 1,000,000 KAIOIndividual Locking Limit: 20,000,000 KAIO

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to $4.578 billion, with long positions totaling $2.281 billion, accounting for 49.83% of the holdings, and short positions totaling $2.297 billion, accounting for 50.17%. The profit and loss for long positions is $113 million, while the profit and loss for short positions is -$144 million.Among them, the whale address 0x6c85..f6 has a 20x leveraged long position on ETH at a price of $2265.44, currently showing an unrealized profit and loss of $5.5582 million.

According to market news, investment firm Benchmark has lowered its target price for Strategy from $705 to $570.

According to Gate market data, the S&P 500 index futures rose by 1%, the Nasdaq 100 index futures rose by 1.71%, and the Dow Jones index futures rose by 1.22%.

According to Cointelegraph, Coinbase has been sued in a federal court in California, with the case involving frozen funds related to a $55 million DAI phishing theft.The plaintiffs claim that a portion of the traceable stolen funds flowed into Coinbase retail user accounts after being mixed through Tornado Cash and are currently still frozen; Coinbase stated that the assets can only be released after a court ruling on ownership.The lawsuit also states that the theft is related to the malicious wallet theft platform Inferno Drainer, and the victims had commissioned Zero Shadow and Five Stones Intelligence to track the flow of funds.

The Web3 asset data platform RootData has outlined 30 Web3 business partners of Hyperliquid, covering multiple key aspects such as stablecoins, cross-chain infrastructure, wallet entry, DeFi protocols, institutional custody, and trading ecosystems, gradually forming a complete on-chain financial system. At the funding level, Hyperliquid has connected with stablecoin issuers such as Circle, Tether, and Ethena. In terms of underlying infrastructure, it connects with cross-chain and oracle services like Chainlink, Axelar, deBridge, and Ripple. The user entry layer includes wallets and front-end tools like Phantom, Rabby Wallet, and DeBank, lowering the entry barrier for users. At the same time, more native DeFi protocols have begun to emerge within its ecosystem, such as Pendle, Felix, HypurrFi, and HyperBeat. According to RootData, the Hyperliquid ecosystem has included 145 quality projects, indicating that Hyperliquid is attracting more financial applications to build businesses around its liquidity. Additionally, the inclusion of custodians like Anchorage Digital, BitGo, and Fireblocks has begun to connect it with larger institutional funds. Trading platforms and market-making institutions like Bybit, trade.xyz, and IMC Trading further enhance market liquidity. Overall, Hyperliquid is continuously expanding around "on-chain liquidity," attempting to replicate the ecosystem model of centralized exchanges on-chain, but the core is no longer an account system. Related compilation: Hyperliquid Web3 Partner Network Compilation (continuously updated) Cryptocurrency projects actively showcasing their partner networks has become a key way to enhance transparency and market trust. It is reported that RootData welcomes Web3 projects to claim their information and continues to track and open more project business relationship disclosure channels. The platform has continuously released multiple issues of cryptocurrency project ecosystem maps, nominating Web3 ecosystem partners for upstream clients like Visa, Mastercard, and Coinbase. If you wish to nominate your project in future ecosystem maps, please fill out the [RootData 2026 Industry Ecosystem Mapping] form to supplement your important clients and partners.

CryptoQuant analysts stated, "93,000 dollars is a key upward target for Bitcoin. The CME gap is not a guarantee, but a signal. They represent areas where positions, liquidity, and market psychology converge, making them key reference points for future price movements."

According to Gate market data, spot gold has broken through $4710 per ounce, currently reported at $4709.08 per ounce, up 3.38% for the day. Spot silver is currently reported at $77.46 per ounce, up 6.43% for the day.

According to the official announcement, to further enhance market liquidity and user trading experience, Bitget has launched exclusive fee rate discounts for contract market makers, covering stock, precious metals, commodities, and index contract currency pairs. The Taker fee rate for the above currency pairs has been uniformly adjusted to 0.0065%, and the event will end on June 30. For more details, please refer to the Bitget official platform.

According to official news, the AI-driven stock and cryptocurrency futures trading platform Stockcoin.ai has completed its seed round financing, led by Amber Group, with participation from angel investors in both the crypto and traditional finance sectors. The platform focuses on bridging on-chain data with the stock market.According to the disclosure, Stockcoin.ai will subsequently launch Hong Kong IPO subscription and US Pre-IPO features.

BitMEX co-founder Arthur Hayes posted on X that the target price for ZEC is 10% of the BTC price, and stated that the current upward trend "still has a lot of room for growth."