On May 14, Federal Reserve's Collins stated that a sustained increase in productivity is expected, driven not only by artificial intelligence; the unemployment rate remains relatively low. There have been many recent supply shocks, raising significant concerns about supply-side issues.

On May 13, Morgan Stanley became more optimistic about the U.S. stock market, betting that strong earnings growth and economic conditions will continue to propel the bull market. The bank predicts that the S&P 500 index will reach 8,300 points within the next 12 months, representing a 12% increase from current levels. The team led by Mike Wilson also raised its year-end forecast for the S&P 500 from 7,800 to 8,000 points. A strong earnings season has surprised many market forecasters, prompting them to raise their expectations for the stock market. Earnings for S&P 500 constituent companies in the first quarter have surged 27% so far, more than double the approximately 12% increase that analysts had previously predicted.

On May 14, according to Bitget market data, spot silver has increased by 3.00% intraday, currently priced at $89.11 per ounce. New York silver futures surged by 5.00% intraday, currently at $89.88 per ounce.

On May 14, according to Bitget market data, the three major U.S. stock indices showed mixed performance: the Dow Jones fell by 0.46%, the S&P 500 rose by 0.3%, and the Nasdaq increased by 0.82%. As Bitcoin dropped below $79,000, crypto stocks also declined, including: COIN down 4.41%, CRCL down 0.02%, MSTR down 4.34%, GEMI down 3.57%, BMNR down 2.17%, SBET down 2.86%, BLSH down 3.34%, BTCS down 0.24%, BTBT up 1.58%, ABTC down 2.19%, NAKA down 2.90%, and FIGR down 4.71%.

On May 13, according to the Federal Reserve's annual survey, the vast majority of Americans are still worried about high prices in 2025, while anxiety about the job market is also on the rise. In the context of near-stagnant job growth last year, 42% of adults expressed varying degrees of concern about 'finding or keeping a job,' up from 37% in 2024. Meanwhile, about nine out of ten respondents reported concerns about rising prices. The survey was conducted in October of last year, before the outbreak of the war in Iran, yet affordability issues for 2025 are already widespread and are expected to become a significant topic in the upcoming midterm elections. (Jinshi)

On May 13, Federal Reserve's Collins stated on Wednesday that she expects interest rates to remain stable for an extended period and believes that in certain scenarios, further tightening of policy may be necessary to ensure inflation returns to the 2% target. She noted that traditional monetary policy often 'overlooks' sudden supply shocks, such as rising oil prices. However, considering that inflation has been above the target level for over five years, she believes that patience in suppressing price increases is currently waning. Collins indicated that the current tight monetary policy 'may need to persist for some time.' She remarked, 'The shocks have slightly increased the downside risks to economic activity, while the upside risks to inflation have further increased.' At the same time, she mentioned that if inflation subsides, the Fed may still continue to cut rates later this year. Collins added, however, that if conflicts persist and lead to further price increases, 'I can envision a scenario where tightening policy is necessary to ensure inflation returns to 2% in a reasonable timeframe.'

On May 13, Arm (ARM.O) and its major shareholder SoftBank Group approached the leading AI chip company Cerebras Systems a few weeks before its IPO, expressing interest in an acquisition. According to sources familiar with the matter, Cerebras Systems rejected the proposal. Cerebras plans to price its IPO on Wednesday, with a company valuation potentially reaching around $34 billion. Previous reports indicated that the company informed potential investors that the IPO pricing is expected to be above the upper limit of its offering range, with the final market value likely to adjust based on the actual number of shares issued. Cerebras is poised to become the largest IPO of the year to date, having previously hinted that it might set the IPO price above the $150 to $160 range if market demand is strong.

On May 13, according to sources cited by Coindesk, cryptocurrency wallet provider Ledger has postponed its plans to go public in the U.S. due to unfavorable market conditions.

On May 13, according to data from Coinglass, a total of $165 million was liquidated across the network in the past 4 hours, with $157 million from long positions and $7.74 million from short positions.

On May 13, the Japan Blockchain Foundation is preparing to launch EJPY, a stablecoin pegged to the yen, on the Ethereum network. This move is another step in Japan's gradual expansion of regulated digital currency infrastructure. The initiative aims to create a blockchain-based asset representing the yen to support programmable payments, digital settlements, and tokenized financial applications. The foundation stated that EJPY will be issued on Ethereum and that the organization will act as the settlement entity behind the token. The project is positioned as part of a broader effort to modernize Japan's financial infrastructure using public blockchain networks rather than closed, permissioned systems. With its early implementation of a digital currency legal framework, Japan has become one of the most structured jurisdictions in the global stablecoin competition. The launch of EJPY reflects Japan's strategy to integrate digital currencies into the financial system through a regulated structure. Choosing to issue on Ethereum rather than building a proprietary blockchain facilitates the connection of the stablecoin with existing DeFi, tokenization, and settlement infrastructure, and demonstrates the increasing institutional recognition of public blockchains as a viable layer of financial infrastructure.