Bitget Daily Digest (May 14) Trump Once Again Bullish on U.S. Stocks, Calls on Powell to Cut Rates; U.S. SEC Seeks Public Comments on BlackRock Bitcoin ETF In-Kind Redemption

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远山洞见2025/05/14 01:49

By:远山洞见

Bitget Daily Digest (May 14) Trump Once Again Bullish on U.S. Stocks, Calls on Powell to Cut Rates; U.S. SEC Seeks Public Comments on BlackRock Bitcoin ETF In-Kind Redemption image 0

Today’s Preview

1.Fed Vice Chair Jefferson will speak on the U.S. economic outlook today.

2.WLFI launches a Snapshot proposal to airdrop USD1 stablecoin to WLFI holders, testing on-chain airdrop functionality. Voting ends today.

3.Web3 banking OS Vaulta (formerly EOS Network) will rename its token from EOS to A today. The swap will be 1:1 with no changes to tokenomics and no fees.

4.VanEck will launch a new crypto-related ETF “NODE” today. It will invest in 30–60 publicly listed companies connected to the digital asset economy, including crypto exchanges, BTC miners, and data centers.

Macro Key Headlines

Trump: Markets Will Soar; Fed Must Cut Rates On May 14, President Trump once again declared that “ the stock market will soar” and urged Fed Chair Powell to cut interest rates.

“There is no inflation. Gas, energy, groceries, and almost all goods are dropping in price. The Fed must lower rates like Europe and China,” Trump wrote. He criticized Powell as “Mr. Too Late,” calling the current Fed stance unfair for an economy poised for growth. “Let it all happen naturally — it would be a beautiful thing,” he added.

2.Trump to Announce Next Trade Deal Upon Return National Economic Council Director Kevin Hassett said Trump will announce a new trade agreement upon returning from his Middle East visit. There are reportedly 20–25 deals currently on the table.

3.SEC Delays Decision on BlackRock Bitcoin ETF In-Kind Redemptions The SEC has delayed its decision on BlackRock's iShares Bitcoin Trust's request to allow in-kind redemptions, which would enable ETF share creations and redemptions in BTC instead of cash, potentially improving efficiency.

The SEC is now seeking public comments on this change.

Similar comment periods have been opened for Grayscale’s Litecoin and Solana trusts and 21Shares’ Dogecoin ETF proposal.

4.SEC Chair Delivers First Crypto-Focused Speech New SEC Chair Paul Atkins emphasized that securities are shifting from off-chain databases to blockchain-based ledgers.His agenda includes:

Establishing a clear regulatory framework for crypto issuance, custody, and trading

Ending enforcement-only approach, replacing it with rule-making, guidance, and exemption standards to give clarity to market participants

5.Abraxas Capital Buys $477M in ETH Within a Week As of 01:10 AM today, London-based Abraxas Capital has bought 211,030 ETH ($477.6M) in six days, including 33,482 ETH ($84.7M) in the past 12 hours alone.

They first borrowed $240M in USDT from Aave, then deposited it to CEXs.

Analyst Min Jung (Presto Research) noted ETH/BTC ratio is down ~40% YTD, currently around 0.02, attracting buyer interest.

6.Public Companies Continue Building Crypto Positions

Twenty One acquired 4,812 BTC at an average price of $95,300, totaling ~$458.7M using Tether.

Backed by Tether, Bitfinex, Cantor Fitzgerald, and SoftBank, the company will launch with 42,000+ BTC in reserves, valued at ~$3.9B.

CEO is Brandon Lutnick, son of the U.S. Commerce Secretary.

Meanwhile, DeFi Development Corp (DDC), dubbed the “MicroStrategy of SOL,” bought 172,670 SOL (~$23.6M) at $136.81 avg, bringing total holdings to 595,988 SOL.

Market Trends

1.$BTC bounced back strongly after a short dip; overall market sentiment is positive.

Only the fan token sector saw overall decline.

$DOGE, $PEPE, $TRUMP ranked in the top 10 by trading volume, with $PI seeing a surge — trailing only $SOL and $BGB.

2.Chip stocks rally again, with NVIDIA surging another 5%.

SP 500 erased its YTD losses.

U.S. Treasuries extended declines; oil rose nearly 3%.

3.Bitget BTC/USDT Liquidation Map

At current level (~$104,094), if BTC drops 1,000 points to ~$103,094, $350M+ in long positions will be liquidated.

If it rises to ~$105,094, $90M+ in shorts will be wiped.

⚠️ Long-side liquidation risk significantly exceeds short, suggesting caution with leverage.

4.24h BTC Spot Flows:

$2.6B Inflows, $2.7B Outflows

Net outflow: $100M

5.Top Derivative Outflows (24h):

$BTC, $XRP, $DOGE, $SOL, $SUI all saw net outflows, indicating possible trading opportunities.

Institutional Insights

Matrixport: Bitcoin growth driven by rising hashrate and corporate accumulation Source

1confirmation: Long-term bullish on L2s’ contribution to Ethereum’s value Source

Greeks.live: BTC remains range-bound short-term, but sentiment still cautiously bullish Source

News Updates

1.U.S. officials: New trade deal to be announced upon Trump’s return.

2.Gibraltar launches world’s first regulatory framework for crypto derivatives clearing settlement.

3.U.S. April CPI (unadjusted YoY) came in at 2.3%, below expectations of 2.4%.

4.South Korea’s Democratic Party establishes Digital Asset Committee.

Project Updates

1.Sky lost $5M in Q1 due to a 102% increase in USDS interest incentives.

2.Virtuals Protocol launches $VIRTUAL staking; passive holders will no longer earn points.

3.DWFLabs bought 3 million SIREN tokens, worth ~$541K.

4.On-chain AI persona MIRAI stated: 50% of SOL raised has been refunded to users.

5.SAVE burned 50 million tokens, 50% of total supply.

6.LAUNCHCOIN (Believe platform native token) market cap surpassed $100M.

7.Bitget Wallet launches “Shop with Crypto”, allowing users to purchase from 300+ brands with crypto.

8.Brave Browser to integrate Cardano, enabling native ADA wallet support.

9.UXLINK proposes allocating 10–20% of profits to strategic reserves, initially investing in BTC and UXLINK.

10.Curve: Hijacked domain curve.fi successfully frozen; phishing attacks have ceased.

Highlights on X

1. Crypto's Cold War: Aptos vs. Sui

Aptos had exclusivity clauses forbidding teams it funded from working with Sui, pressuring devs into choosing sides. While Aptos is softening its stance post-Moshaikh, Sui is now leveraging this divide to build allegiance. Read More

2. Crypto_Painter: BTC Enters Choppy Consolidation Zone

BTC has fulfilled prior expectations, hitting $100,800 after losing $102,000. Market lacks sufficient liquidity for a trend move and is likely to range $100,600–$106,600. Read More

3. Yuyue: Sonic Season Incoming — Spotlight on Shadow ANON

$ANON, led by DeFi veteran Daniele (@danielesesta), combines AI with DeFi and dominates Sonic’s ecosystem in volume. If altcoin season heats up, Sonic may rival Sui as the next breakout chain. Read More

4. Lanhubiji: After Crypto AI, RWA Could Be Ethereum’s Next Big Narrative

SEC Chair Atkins openly supports moving traditional finance on-chain. This paves the way for RWA stablecoins, with Ethereum likely the key infrastructure to host these financial assets. Read More

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.