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Kevin Warsh was formally sworn in as Federal Reserve Chair in Washington on May 23rd. This pivotal leadership transition at the world's most influential central bank is set to shape the course of U.S. and global monetary policy, drawing intense scrutiny from financial markets.
Read MoreBitwise's newly launched Hyperliquid ETF (BHYP) attracted $26.9 million in net inflows during its first five trading days, bringing its total assets under management to $30.5 million, signaling strong initial market demand.
Read MorePresident Trump presided over Kevin Warsh's oath as Federal Reserve Chair at the White House on May 22nd, a departure from the traditional ceremony at the Fed's headquarters, sparking discussions about monetary policy independence.
Read MoreBofA strategists warn that mega-tech IPOs like SpaceX and OpenAI could push sector concentration to record highs, surpassing even dot-com bubble levels and amplifying systemic market risks.
Read MoreA U.S. federal appeals court ruled that state enforcement lawsuits against two prediction market platforms can proceed in Nevada and Washington. The court denied the platforms' request to pause the cases, finding they failed to show irreparable harm or a strong likelihood of success on jurisdictional arguments.
Read MoreA key Federal Reserve official signaled a major policy shift, arguing that persistent inflation risks from geopolitical conflicts mean the central bank should no longer signal that rate cuts are the default next move. He explicitly stated that the next policy move could be either a cut or a hike.
Read MoreU.S. consumer confidence hit a record low of 44.8 in May amid Middle East tensions. Long-term inflation expectations worsened to 3.9%, with high gas prices and living costs severely impacting household finances. Over half of consumers expressed deep concern.
Read MoreFollowing a private key leak, Polymarket has secured $164,000 in stolen funds with external assistance. User funds and core contracts remain safe. The incident stemmed from a six-year-old key used for internal configurations. Recovery efforts for the remaining funds are ongoing.
Read MoreThe S&P 500 is on track for its strongest earnings growth in years, with 83% of reporting companies beating estimates. Strength in tech, energy, and consumer sectors highlights broadening momentum beyond AI, signaling robust corporate health across the market.
Read MoreFed Governor Christopher Waller stated the central bank has the capacity to reduce its massive balance sheet by $300 to $500 billion. This signals a potential policy shift, sparking market focus on future liquidity and interest rate trajectories.
Read MoreSaudi media reports a potential US-Iran breakthrough: a concise 'Islamabad Declaration' may pave the way for comprehensive talks. Iranian Parliament Speaker Kalibaf is expected to lead negotiations, signaling a possible diplomatic thaw between the long-standing adversaries.
Read MoreOn May 22nd, the U.S. stock market saw a significant rally in AI chip stocks. Qualcomm led the gains with a nearly 9% increase, followed by AMD rising 3%. NXP and IBM both climbed over 2%, while Intel gained more than 1%, reflecting strong investor confidence in the AI hardware sector.
Read MoreMarket pricing indicates traders now fully expect a 25-basis-point Fed rate hike by late 2026. This shift aligns with recent signals from policymakers suggesting a pause in easing, pointing to a potentially tighter monetary path ahead.
Read MoreOn May 22, both spot gold and COMEX gold futures fell below the key $4,500 per ounce level, dropping nearly 1% intraday. The decline is largely attributed to traders fully pricing in a potential Federal Reserve rate hike by the end of 2026, shifting market sentiment.
Read MoreSubsidiaries of Tiger Brokers have been fined approximately 308 million RMB for conducting unlicensed cross-border securities business and illegal fund and futures activities in mainland China. The company's controlling person also received penalties. As of end-2025, mainland retail assets accounted for about 10% of its total client assets.
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