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The latest market intelligence report released by the digital asset trading firm Wintermute shows that global financial markets are undergoing a large-scale macroeconomic repricing, with the market narrative shifting from discussions about the timing of interest rate cuts to preparing for potential rate hikes. This structural shift has been triggered by unexpectedly strong economic data and reignited inflationary pressures, creating significant headwinds for digital assets.The report notes that Bitcoin saw a sharp decline after briefly breaking through $83,000, giving back significant gains within a week, while mainstream alternative tokens experienced double-digit percentage drops. Global wealth managers are actively de-risking under macro constraints, highlighting the fragility of digital asset expansion. On-chain trading indicators suggest that the previous price increases were not driven by genuine spot market demand or organic retail accumulation, but rather primarily from short squeezes in the perpetual futures market.The total open interest in Bitcoin derivatives rapidly expanded by $10 billion to $58 billion within a month, while the underlying spot trading volume simultaneously fell to a two-year low. When Bitcoin broke through $80,000, a large number of short positions were forcibly liquidated, triggering a brief buying frenzy, but failed to establish a lasting structural bottom.The main driving factor behind the current market reversal is that global CPI data continues to exceed expectations, reigniting widespread concerns about interest rate hikes. At the same time, ongoing uncertainty surrounding the nomination of the next Federal Reserve chair has injected unpredictability into the market. Despite long-term positive signals, including a recent net inflow of $623 million into spot ETFs and Bitcoin reserves on trading platforms dropping to a seven-year low, Wintermute emphasizes that these long-term trends are insufficient to alleviate recent structural risks.As international asset managers shift capital towards short-term sovereign debt instruments, digital platforms are struggling to maintain momentum. The near-term outlook for the tokenized market will depend on whether genuine spot buyers return to stabilize the weak liquidity gap.

According to The Block, the lightweight mobile crypto wallet Sorted Wallet has completed a $4.4 million seed round financing, of which $3.4 million is equity financing, co-led by Tether and Gnosis, with participation from individual angel investors such as Movement, Angel Invest Group, and the founder of RWA.io. An additional $1 million comes from strategic support from Vox Solutions.Sorted Wallet was launched in 2022, with an installation package of only 10 MB, making it the lightest crypto wallet. It has been downloaded 500,000 times, with the fastest-growing markets including Nigeria, Kenya, Tanzania, Bangladesh, and Madagascar.

Lighter officially stated on X that it has completed the escape mechanism verification conducted by the third party L2BEAT, which means that even if the sequencer at the L2 level fails, users can withdraw funds from Lighter's L2 back to Ethereum in a permissionless manner. It is the first L2 Perp DEX in the industry to achieve this functionality.

According to Gate market data, U.S. stock index futures opened slightly lower on Monday, with Dow futures down by 0.3%.

Bloomberg analyst James Seyffart stated on the X platform that the 2x leveraged Cerebras Systems ETF (ticker: CBRG) has officially begun trading, while its underlying asset CBRS only started trading in the afternoon of the previous day, meaning that the launch of the leveraged ETF was completed just hours apart from the underlying asset. This sets a record for the rapid product launch pace. This "fast-follow" ETF issuance model is accelerating, and in the future, leveraged ETFs around non-public or high-profile assets like SpaceX, Anthropic, and OpenAI may also emerge with similar rapid replication issuance paths, reflecting a significant increase in the productization speed of the ETF market for new asset exposures.

According to Hong Kong's East Network, a 34-year-old man from the mainland traveled to Hong Kong with a two-way permit. During his time there, he reportedly lost about 500,000 yuan on a cryptocurrency platform and, feeling frustrated, expressed suicidal tendencies on social media and planned to go to Hong Kong.Law enforcement agencies launched an investigation after receiving relevant information and intercepted the man at around 12:30 PM on May 14 at a fast-food restaurant on Admiralty Road. A lighter and suspected gasoline were found on him. The police arrested him on suspicion of "possessing any item with the intent to destroy or damage property" and he is currently being detained for investigation.Reports indicate that no one was injured in the incident, and there was no need for evacuation at the scene. The man is said to have complained multiple times to the relevant platform about his investment losses but did not receive a satisfactory response.

According to Gate market data, the US dollar index DXY has risen slightly in the short term, currently reported at 99.19. Meanwhile, the South African Rand has fallen by 1% against the US dollar.

Gate released the private wealth management report for April 2026. The report indicates that the overall cryptocurrency market is showing a strong fluctuation due to the continuous inflow of ETF funds and expectations of interest rate cuts. In April, BTC and ETH rose approximately 11.9% and 7.3%, respectively. Among them, the net inflow of BTC ETF reached $2.44 billion in a single month, setting a new high in nearly six months, and the total management scale surpassed $100 billion for the first time, indicating a significant rebound in market risk appetite.In terms of product performance, the overall annualized return of Gate's private wealth USDT strategy is approximately 5.6%, continuing its steady performance. The "Interstellar Hedge (USDT)" has achieved a cumulative return of 18.2%, with all 22 cycles generating positive returns, achieving a win rate of 100%; the "Star Core Intelligent Investment (USDT)" has reached a maximum return rate of 9.5% in the past year; the "Gravitational Hedge (USDT)" has maintained a win rate of 100% for two consecutive years, with a maximum drawdown of only 0.01%, demonstrating outstanding risk control capability. Overall, the historical maximum drawdown of each strategy is generally controlled within 0.9%.Looking ahead, the report points out that the BTC RHODL ratio has risen to 4.5, the third highest level in history, while exchange reserves have fallen to a seven-year low, indicating an enhanced trend of long-term holding and continued supply contraction, with a generally optimistic outlook for the medium to long-term market.

According to Gate market data, the Dow Jones Industrial Average opened down 171.93 points on May 13 (Wednesday), a decrease of 0.35%, at 49,588.63 points; the S&P 500 opened up 1.07 points, an increase of 0.01%, at 7,402.03 points; the Nasdaq Composite opened up 36.7 points, an increase of 0.14%, at 26,124.9 points.

According to Onchain Lens, a whale with the address 0x3dC9...54b0 withdrew approximately 3.79 million LIT from OKX and Bybit, worth about 3.55 million dollars at the current price, and then deposited all the funds into Lighter Vault.

According to Jinshi, U.S. short-term interest rate futures slightly narrowed their earlier losses after the inflation data was released.

According to Gate market data, U.S. stocks closed higher on Monday, with the Dow Jones Industrial Average up 0.19%, the S&P 500 index up 0.19%, and the Nasdaq up 0.1%. Nvidia (NVDA.O), Qualcomm (QCOM.O), Intel (INTC.O), Micron Technology (MU.O), and Western Digital (WDC.O) all set new historical closing highs. The Nasdaq Golden Dragon China Index rose by 1%, and Baidu (BIDU.O) increased by 3%.

According to Jinshi reports, the dollar index, which measures the dollar against six major currencies, rose by 0.06% on May 12, closing at 97.955 in the foreign exchange market. As of the close of the New York foreign exchange market, 1 euro was exchanged for 1.1775 dollars, down from 1.1778 dollars the previous trading day; 1 pound was exchanged for 1.3629 dollars, up from 1.3622 dollars the previous trading day; 1 dollar was exchanged for 157.21 yen, up from 156.71 yen the previous trading day; 1 dollar was exchanged for 0.7782 Swiss francs, up from 0.7766 Swiss francs the previous trading day; 1 dollar was exchanged for 1.3673 Canadian dollars, down from 1.3681 Canadian dollars the previous trading day; 1 dollar was exchanged for 9.2235 Swedish kronor, down from 9.2323 Swedish kronor the previous trading day.

According to Gate market data, the three major U.S. stock indices fluctuated slightly before the market opened, with the Nasdaq up 0.03%, the Dow down 0.07%, and the S&P 500 flat.Most of the seven major tech stocks were down before the market opened, with Apple (AAPL) up 0.05%, Microsoft (MSFT) down 0.42%, Alphabet (GOOGL) down 0.58%, Amazon (AMZN) down 0.5%, Nvidia (NVDA) down 0.75%, Tesla (TSLA) down 0.98%, and Meta (META) down 0.25%.

According to Gate market data, the three major U.S. stock index futures opened slightly lower on Monday.

According to Jinshi, U.S. interest rate futures indicate that the probability of the Federal Reserve raising interest rates in 2026 has slightly decreased.

Lighter has reached a strategic cooperation with Circle, designating USDC as the default preferred stablecoin for its entire product line, with integration covering spot and perpetual contract trading, settlement, clearing, and user onboarding processes.Circle stated on Tuesday on X that as on-chain markets expand, trusted dollar infrastructure is becoming core market infrastructure. Lighter responded that USDC has been the foundational asset for the protocol and its traders since its launch. This cooperation comes as Lighter attempts to regain market momentum following the token generation event in December last year, during which it briefly led perpetual contract DEX trading volume in November and December, but has since fallen behind Hyperliquid, Aster, and EdgeX.According to DefiLlama data, Lighter currently ranks fourth with a 7-day perpetual contract trading volume of approximately $8.7 billion.

According to CoinDesk, Angus Fletcher, head of digital assets at State Street Bank, stated at the Consensus Miami conference that in light of the recent surge in DeFi attack incidents, institutional investors are looking for improvements in blockchain security. He pointed out that the young crypto industry needs to find solutions now before trillions of dollars in real-world assets are put on-chain.Fletcher believes that the interoperability between blockchains needs to be clearly defined and understood, and institutional clients need to understand the legal ownership and rights of cross-chain tokens. Dennis Bree, head of Morpho, stated that April could be the month with the most hacker attacks in DeFi history, and regulators are conducting more due diligence on the security of collateralized assets.