Binance Alpha and Futures will soon launch NEXPACE (NXPC) Contract

On May 14th, Federal Reserve's Bullard pointed out that certain aspects of April's inflation reflect the lagged characteristic of the data. The Fed remains in a wait-and-see stance. The current inflation trend will take a certain period to be reflected in the data. It is currently a time for the Fed to await more information and make efforts to eliminate data noise. (FXStreet)

On May 14th, Daniel Schatt, the former CEO of the bankrupted crypto lending service platform Cred, and Joseph Podulka, the former CFO, pleaded guilty in the California District Court. They admitted to intentionally misleading customers in 2020 about the company's financial condition and loan operations. As a result, customers lost up to $150 million in cryptocurrency. Judge William Alsup accepted the plea agreement. A sentencing hearing is scheduled for August 26th. At that time, the two individuals may face imprisonment of up to 72 months and 62 months respectively. Cred filed for bankruptcy in October 2020, with more than 6,000 claims from customers totaling more than $140 million.

On May 14th, Ki Young Ju, the founder and CEO of CryptoQuant, posted on the X Platform, indicating that all three major presidential candidates in South Korea are in favor of Bitcoin spot ETF and institutional investment. Presently, in South Korea, Bitcoin ETF and institutional investment are still prohibited, and 100% of the market's trading volume is derived from retail investors.

On May 14th, based on HTX market data, Bitcoin fell below $103,000, with a 0.01% decline in the past 24 hours.

On May 14th, as per an official announcement, Binance will provide support for the EOS (EOS) token swap and rebrand it to Vaulta (A). Binance will suspend trading and delist all existing EOS spot trading pairs (EOS/BTC, EOS/ETH, EOS/FDUSD, EOS/TRY, EOS/USDC, and EOS/USDT) at 11:00 (UTC+8) on May 26, 2025, and will automatically cancel all orders. The A/BTC, A/ETH, A/FDUSD, A/TRY, A/USDC, and A/USDT spot trading pairs will commence trading at 16:00 (UTC+8) on May 28, 2025.

On May 14th, QCP released its daily market observation, indicating that the US-Saudi trade led to a market rebound. The US and Saudi Arabia signed a milestone $600 billion trade agreement, which prompted the removal of tariffs and triggered a new wave of risk appetite. The US CPI came in lower than expected, easing market concerns about inflation and boosting expectations for rate cuts. However, the Fed remains cautious. The current market expectation for the first rate cut is in July, but we believe that a more realistic time frame may be September. Two rate cuts are expected in 2025, while the expectation was four cuts a month ago. In this round of rebound, the crypto market outperformed the stock market, with the Bitcoin price approaching its all-time high. Ethereum is striving to catch up, and the ETH/BTC exchange rate is currently at 0.025. We believe that digital assets still have further room to rise, especially against the backdrop of Coinbase's formal inclusion in the S&P 50