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Against the backdrop of major U.S. stock indices being generally under pressure, the chip and storage sectors performed relatively strongly. According to Gate market data, Marvell Technology (MRVL) rose 3.56% on the day, closing at $291.64. According to CoinGlass data, the 24-hour trading volume of MRVL contracts on the Gate platform reached $10.09 million.Gate Stock allows users to trade over 10,000 mainstream U.S. stocks and ETFs using USDT, covering major U.S. securities trading markets and liquidity networks such as NYSE, Nasdaq, NYSE Arca, NYSE American, and BATS, and supports fractional trading starting from a minimum of 0.01 shares. Gate Stock has now fully integrated into the VIP tier system, where users only need to hold $2,000 to easily upgrade to VIP status, enjoying an exclusive trading fee rate of as low as 0.023% and 1V1 customer manager service. Leveraging Gate's unified account system, users can achieve one-stop management and allocation of digital assets and global securities assets on the same platform, further enhancing cross-market investment efficiency.

The global stablecoin payment infrastructure platform WasabiCard today announced the completion of its Pre-A round of financing. Including previous funding, the total amount raised by the company has approached 10 million USD, with participation from four well-known institutions: Vernal Capital, Avenir Group, Vision Plus Capital, and 01VC.This round of financing will be used to build and improve the global payment infrastructure, compliance system, and key market business layout, enhancing cross-border payment service capabilities and global operational capabilities, further promoting the company's construction of a compliant, efficient, next-generation financial infrastructure aimed at the internet era.As stablecoins gradually move from trading scenarios to real commercial applications, the demand from enterprises for global payment, global card issuance, fund management, and cross-border settlement infrastructure continues to grow. WasabiCard currently serves over 500 enterprise clients globally, with a cumulative card issuance exceeding 500,000 cards and a total transaction scale surpassing 1 billion USD.In the future, WasabiCard will continue to expand its global payment network and multi-chain payment ecosystem, promoting the further implementation of stablecoin payments in global commercial scenarios.

According to Gate market data, the Nasdaq 100 index turned positive, with Micron Technology rising 22%, Broadcom rising 5.3%, and NVIDIA rising 3.1%.

According to an article by "Federal Reserve Mouthpiece" Nick Timiraos, in a speech on Sunday evening local time, former Federal Reserve Chairman Powell stated that if any administration finds an excuse to dismiss Federal Reserve officials simply due to policy disagreements, the Federal Reserve will not be able to survive. Powell currently serves as a Federal Reserve Governor. While speaking generally about topics such as institutions and the rule of law, he did not name any specific president or express any personal grievances. However, when discussing the institutional framework designed to keep monetary policy decision-making power out of presidential control, his wording was extremely precise.Powell emphasized the legal protections aimed at preventing Federal Reserve officials from being arbitrarily dismissed and specifically pointed out that the executive branch "does not play any role in selecting or overseeing the 12 regional reserve bank presidents," who, along with the Federal Reserve Governors, vote together to determine interest rates. "If any administration finds an excuse to dismiss Federal Reserve officials simply due to policy disagreements, then future administrations will surely follow suit," Powell said.He noted that the credibility built up by the Federal Reserve over decades is an "invaluable asset," and he and his colleagues "have a responsibility to defend it."

Lido stated on social media that Swellchain will cease operations on June 15, 2026, and users need to withdraw their wstETH assets in advance.After June 15, 2026, Swellchain will be permanently closed, and any remaining wstETH may not be recoverable.

According to Jinshi reports, the US and Israel are expected to resume strikes against Iran as early as next week. Amidst the soaring expectations of interest rate hikes in the bond market, the last meeting minutes of the "Powell era" are coming. Here are the key points that the market will focus on next week (all in Beijing time):Tuesday 9:30, the Reserve Bank of Australia will release the minutes of the May monetary policy meeting;Tuesday 20:00, Federal Reserve Governor Waller will speak at the European Central Bank research conference;Tuesday 20:15, the weekly change in ADP employment numbers for the week ending May 2 in the United States;Wednesday 7:00, 2026 FOMC voting member and Philadelphia Fed President Harker will speak;Thursday 2:00, the Federal Reserve will release the minutes of the monetary policy meeting;Thursday 20:00, European Central Bank Chief Economist Lane will speak at the European Central Bank research conference.The AI boom and consumer spending under inflationary pressure are the two main themes currently influencing the direction of US stocks. Next week, semiconductor giant Nvidia (NVDA) and a number of retail companies such as Walmart (WMT) will successively disclose their earnings reports. Nvidia will release its earnings report after the US market closes on Wednesday, and Walmart will release its earnings report before the US market opens on Thursday.

According to Bits.media, Wells Fargo disclosed its holdings in cryptocurrency ETFs to the U.S. SEC. In the first quarter, the bank increased its position in Ethereum ETFs, with a 63.5% increase in shares of BlackRock's iShares Ethereum Trust ETF (ETHA), rising from 672,600 shares to 1,100,000 shares; and a 37% increase in shares of Bitwise Ethereum ETF (ETHW), rising from 186,800 shares to 257,000 shares. Despite a net outflow of approximately $769 million from Ethereum spot ETFs in the first quarter and a 29% drop in ETH prices, Wells Fargo still holds about $21.5 million in Ethereum ETFs, with BlackRock products accounting for $17.6 million.In terms of Bitcoin ETFs, the bank's investments in Bitwise Bitcoin ETF and Grayscale Bitcoin Mini Trust grew by approximately 24% and 41%, respectively. BlackRock's iShares Bitcoin Trust remains the main holding, at about $250 million. Wells Fargo also significantly adjusted its holdings in cryptocurrency-related stocks: it reduced its stake in Galaxy Digital by 97%, from 2.5 million shares to 78,600 shares; while increasing its stake in Strategy by 125%, from 322,700 shares to approximately 726,000 shares.

Wells Fargo's latest submitted 13F filing shows that it increased its holdings in several Ethereum spot ETFs in the first quarter of 2026, including BlackRock ETHA and Bitwise ETHW. Among them, the ETHA holdings increased from approximately 672,600 shares in the fourth quarter of 2025 to about 1.1 million shares, an increase of about 63.5%; the ETHW holdings rose from about 186,800 shares to approximately 257,000 shares, an increase of about 37%. As of the end of the first quarter, the total value of the ETH ETFs held by Wells Fargo was approximately $21.5 million.In contrast, its Bitcoin ETF holdings showed divergence: IBIT holdings slightly decreased, while BITB and Grayscale Bitcoin Mini Trust ETF holdings increased by approximately 24% and 41%, respectively. Currently, IBIT remains its largest crypto ETF holding, with a scale of about $250 million. Additionally, Wells Fargo significantly adjusted its positions in crypto-related stocks, reducing its holdings in Galaxy Digital by about 97%, while increasing its holdings in Strategy from approximately 322,700 shares to 726,000 shares, an increase of about 125%.

According to Jinshi reports. During an interview, Kevin Hassett, the director of the National Economic Council at the White House, was asked how long Powell would remain as a board member after Kevin Walsh takes over as the chairman of the Federal Reserve.Hassett stated that he believes Powell might feel he can choose to step down after the Inspector General completes the investigation into the renovation project of the Federal Reserve building. Hassett said, "I guess the opportunity to leave might come when the Inspector General's report is released, and he is satisfied with the results of the investigation."

Spot gold has rebounded significantly after falling to $4500 on May 4, rising again by 2.3% this morning. The price of GOLD on Hyperliquid is currently reported at $4651, having tested this price level three times in the past seven days.In this round of increase, the well-known short-selling institution Abraxas Capital on Hyperliquid has turned from profit to loss, with an average short position price of $4650 for its 5x leveraged GOLD short position, amounting to $22 million. It is now the top holder of short positions in on-chain gold. Address: 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36.

According to Jinshi reports, U.S. President Trump stated that Federal Reserve Chairman Powell is a disaster for the United States, believing that current interest rates are too high.

According to Jinshi reports, the Director of the National Economic Council of the White House, Hassett, stated that Federal Reserve Chairman Powell's reappointment to the Federal Reserve Board may affect interest rate cut decisions.

Polymarket shows that the probability of "Powell resigning from the Federal Reserve Board before May 30" has plummeted to 9%, a 25% drop in 24 hours; the probability of "Powell resigning from the Federal Reserve Board before December 31" has fallen to 66%, an 11% drop in 24 hours. The event contract rules state that if Federal Reserve Chairman Powell is no longer a member of the Federal Reserve Board at any time during the specified date (11:59 PM Eastern Time), it will be determined as "yes"; otherwise, it will be determined as "no."If Powell no longer serves as Federal Reserve Chairman but remains a member of the Federal Reserve Board, it does not meet the criteria for a "yes" determination. The determination is based on information released by the U.S. government, but consensus from credible reports can also serve as a basis. Powell stated at a press conference this morning that he will continue to serve as a Federal Reserve Board member "for a while" after stepping down as chairman and promised to "keep a low profile." U.S. Treasury Secretary Yellen responded that "if Powell remains a Federal Reserve Board member, it would be unusual; for someone who has always emphasized norms, his unilateral decision runs counter to tradition."Polymarket continues to monitor the prediction market and sees changes before pricing.

According to Jinshi reports, Federal Reserve Chairman Powell stated that people are still spending, and there has not yet been a noticeable slowdown due to rising gasoline prices.

According to Jinshi reports, Federal Reserve Chairman Powell stated that domestic private final demand (PDFP) is actually above 2%, which is seen as a good thing.

According to Jinshi reports, Federal Reserve Chairman Powell stated that everyone except one person believes that maintaining interest rates is the right decision.

According to Jinshi reports, Federal Reserve Chairman Powell stated that the commitment to reduce inflation to 2% will never end, and he will steadfastly pursue this goal.