US Crypto Regulatory Shifts Drive Market Direction (2026-05-14)

David Sacks: The review of the CLARITY Act is a crucial step for the United States to become the “global crypto capital.”

David Sacks stated in a post that tomorrow’s deliberation on the Digital Asset Market Clarity Act (CLARITY Act) represents a critical step toward positioning the United States as the “global crypto capital” and maintaining its leadership in innovation.

Sacks expressed gratitude to Senator Tim Scott, Chairman of the Senate Banking Committee, and other committee members for their efforts in forging compromises and advancing the bill. He also thanked Patrick Witt, the White House’s Crypto Lead, and the broader crypto industry for their support.

He noted that approximately 50 million people in the U.S. currently hold or use cryptocurrencies, and this bill will help ensure continued innovation and growth of the U.S. crypto ecosystem for years to come.

[Odaily]

UAE Ministry of Foreign Affairs Denies Reports of Israeli Prime Minister’s Visit to the UAE

At around midnight local time on May 14, the UAE Ministry of Foreign Affairs stated in a press release that the UAE denies reports concerning Israeli Prime Minister Netanyahu’s visit to the UAE or the UAE hosting an Israeli military delegation. The statement reaffirmed that the UAE’s relationship with Israel is open and transparent, conducted strictly within the framework of the well-known and officially announced Abraham Accords—not based on any opaque or unofficial arrangements. Therefore, any claims regarding undisclosed visits or undisclosed arrangements are baseless unless formally announced by relevant UAE authorities.

On the evening of May 13 local time, the Office of the Israeli Prime Minister issued a statement asserting that, during the “Roaring Lions” military operation, Prime Minister Netanyahu secretly visited the United Arab Emirates and met with UAE President Mohammed. The statement added, “This visit facilitated a historic breakthrough in relations between Israel and the UAE.”

[Odaily]

Jupiter partners with Bitwise to launch institutional-grade USDe lending market on Solana

Solana infrastructure project Jupiter has announced a collaboration with Bitwise to launch a dedicated lending market for USDe on Jupiter Lend. This is also the first time an institutional asset management company has participated in the planning of Jupiter Lend’s lending market.

The market will be isolated from Jupiter Lend’s existing liquidity layer to reduce potential institutional capital’s risk exposure and will be connected to the decentralized protocol Fluid to provide lending and collateral infrastructure support.

This collaboration will provide users with new channels to earn yield around USDe on Solana.

[Odaily]

David Sacks: Approximately 50.00 million people in the United States hold or use crypto assets

On May 13, David Sacks posted that the U.S. Senate Banking Committee will review (markup) the “Digital Asset Market Clarity Act” tomorrow, viewing it as an important step in promoting the U.S. to become the “global crypto capital.”

He stated that the bill was led by Senate Banking Committee Chairman Tim Scott and formed as a multi-party compromise text with the participation of White House crypto lead Patrick Witt and relevant staff.

Sacks noted that approximately 50 million people in the U.S. hold or use crypto assets, and the legislation aims to provide a clearer regulatory framework for the digital asset market to ensure the continuation of innovation activities.

[PANews]

Binance Alpha Lists Pharos (PHAROS)

PANews May 13th, Binance Alpha has now launched Pharos (PHAROS). Users holding at least 200 Binance Alpha points can claim the token airdrop.

Claim 45 PHAROS token airdrops on the Alpha activity page, first come, first served. If the event has not ended, the score threshold will automatically decrease by 5 points every five minutes.

Please note that claiming the airdrop will consume 15 Binance Alpha points. Users need to confirm the claim on the Alpha activity page within 24 hours, otherwise it will be regarded as giving up the airdrop.

[PANews]

The three major U.S. stock indices showed mixed performance, with COIN falling over 3.05%.

May 14 news: According to Bybit market data, the three major U.S. stock indices showed mixed performance—the Dow Jones Industrial Average fell by 0.12%, the Nasdaq Composite rose by 1.18%, and the S&P 500 Index gained 0.67%.

Cryptocurrency-related stocks broadly declined, with COIN (Coinbase) down 3.05% intraday and HOOD (Robinhood) down 1.74% intraday.

[PANews]

Jane Street significantly reduced its Bitcoin ETF holdings in Q1 while increasing its Ethereum ETF and Galaxy Digital holdings.

According to the latest 13F filings, Wall Street quantitative trading giant Jane Street significantly reduced its holdings of multiple Bitcoin-related assets in the first quarter of 2026, while increasing its holdings of Ethereum ETFs and some crypto stocks.

Specifically, Jane Street’s holdings of BlackRock’s IBIT shares decreased by approximately 71% month-over-month to 5.90 million shares, worth approximately $225.00 million; Fidelity’s FBTC holdings decreased by approximately 60% to approximately 2.00 million shares, worth approximately $115.00 million.

In addition, its Strategy holdings also decreased from approximately 968,000 shares in the fourth quarter of 2025 to approximately 210,000 shares, with the value of holdings decreasing from approximately $146.00 million to approximately $27.00 million. It also reduced its holdings of Bitcoin mining companies such as IREN, Cipher Mining, TeraWulf, and Core Scientific.

On the other hand, Jane Street significantly increased its holdings of Ethereum ETFs, with a total of approximately $82.00 million in new holdings of BlackRock’s ETHA and Fidelity’s ETH funds. At the same time, its holdings of Riot Platforms, Coinbase, and Galaxy Digital all increased, with Galaxy Digital’s holdings increasing significantly from approximately 17,000 shares to approximately 1.50 million shares.

[Odaily 星球日报]

Wallsh will officially take office after completing the relevant White House signing procedures, and Powell is expected to continue to serve as a member of the Federal Reserve Board.

The U.S. Senate confirmed Wash as Chairman of the Federal Reserve by a vote of 54 to 45. The Senate had previously approved Wash’s appointment as a member of the Federal Reserve Board for a term of 14 years on the 12th.

With the passage of the chairmanship appointment on the 13th, Wash will officially take office after completing the relevant White House signing procedures, replacing current Chairman Powell, whose term will end this Friday (May 15). However, Powell is expected to remain on the Federal Reserve Board.

This vote was one of the most partisan in history: only one Democrat—Pennsylvania Senator John Fetterman—joined the Republican majority in voting in favor.

[Golden Ten]

U.S. Senate Confirms Kevin Warsh as Federal Reserve Chairman

On May 14, according to Bloomberg, the U.S. Senate confirmed Kevin Warsh as Chairman of the Federal Reserve with a 54 to 45 vote, marking the narrowest margin in the history of U.S. central bank leadership confirmation votes. Warsh will officially take office after completing the relevant White House signing procedures, succeeding current Chair Jerome Powell, whose term ends this Friday, May 15.

The appointment is considered one of the most controversial Federal Reserve leadership transitions in decades and will serve as a key test of the Fed’s political independence. Market focus remains on concerns from Democrats that Kevin Warsh may cooperate with Donald Trump to push for rapid interest rate cuts.

[TechFlow]

Fidelity International’s First Tokenized Fund Receives Moody’s Highest AAA-mf Rating

Fidelity International has launched its first tokenized fund, the Fidelity USD Digital Liquidity Fund (FILQ), and has obtained the highest Moody’s AAA-mf rating for money market funds.

FILQ is the on-chain version of its existing institutional-grade USD liquidity fund, referencing Fidelity’s nearly $7.00B low-volatility net asset value fund strategy, designed to serve the 7×24-hour digital asset market.

The fund is tokenized by Sygnum and connected to the Chainlink oracle, which will put the daily official net asset value data provided by JPMorgan Chase on the chain. Investors can subscribe and redeem around the clock via stablecoins.

[Odaily]

An Ethereum IC0 participant transferred 790 ETH after 10.8 years of dormancy, with a ROI of 7243x.

On May 14, Onchain Lens monitoring revealed that an Ethereum ICO participant transferred 790 ETH, worth $1.78 million, after being dormant for over 10.8 years.

The participant originally invested only $246, achieving a return of 7,243 times.

[PANews]

Eugene: I have stopped the loss on my SOL position due to the weakening BTC trend and will temporarily leave the market to wait and see.

Trader Eugene posted that he has stopped the loss of the previous bullish SOL transaction due to Bitcoin’s failure to continue its strong momentum, and said that he will leave the market for a while.

Previously, Eugene said that among mainstream assets, SOL showed stronger relative strength compared to ETH and HYPE, and believed that it was most likely to break through the 3-month consolidation range first. He pointed out at the time that if SOL effectively breaks through $96.00, the next key resistance level would be around $120.00, corresponding to an upside of about 25.00%.

[Odaily]

Microsoft Seeks to Acquire AI Company to Reduce Reliance on OpenAI

May 14th news, according to Jinshi citing foreign media reports, sources said that Microsoft (MSFT.O) is seeking to acquire artificial intelligence startups to prepare to get rid of its dependence on its once-critical partner OpenAI. Potential acquisitions will help Microsoft reserve AI talent and advance its previously proposed goal of building an advanced AI model by next year.

Sources said that this spring, Microsoft considered acquiring code generation startup Cursor, but due to internal assessments that the deal would be difficult to pass regulatory review due to Microsoft’s ownership of GitHub Copilot, Microsoft ultimately abandoned the plan.

Microsoft is currently in talks with Inception, a small startup founded by a Stanford University team that focuses on developing large language models using a technology called “diffusion.”

[PANews]