Monetary Policy

Crypto liquidity expectations weakened after the Federal Reserve maintained elevated interest rates during 2025 market uncertainty. Bitcoin had some degree of stability as other tokens suffered due to postponed rate cuts and a tightened financial landscape around the world.  Speculation s

Liquidity surge discussions intensified after larger weekly Federal Reserve injections entered financial market focus. Bitcoin sentiment strengthened as traders connected rising liquidity conditions with previous crypto market rallies. Regulatory progress and improving macro discussions s

According to Jeffrey Gundlach, CEO of DoubleLine Capital, appearing on Fox News' Sunday Morning Futures, the likelihood of the US Federal Reserve cutting interest rates in 2026 is virtually zero. Gundlach argued that a rate cut is impossible when the two-year Treasury yield is approximately 50

Liquidity surge discussions intensified after larger weekly Federal Reserve injections entered financial market focus. Bitcoin sentiment strengthened as traders connected rising liquidity conditions with previous crypto market rallies. Regulatory progress and improving macro discussions s

Crypto liquidity expectations weakened after the Federal Reserve maintained elevated interest rates during 2025 market uncertainty. Bitcoin had some degree of stability as other tokens suffered due to postponed rate cuts and a tightened financial landscape around the world.  Speculation s

Bank of Japan Deputy Governor Ryozo Himino called on Saturday for a holistic approach when designing the future global monetary system, rather than limiting choices to central bank digital currencies (CBDCs) and stablecoins. Himino stated that Japan is prepared for both pathways, having advanced CBD

According to Reuters, Japanese central bank deputy governor Yoshizo Hiwatari called for a holistic approach to designing future global monetary systems at the Japan Financial Association annual meeting, stating that options should not be limited to central bank digital currencies (CBDCs) and

On Saturday, Ryoji Hyakumori, deputy governor of the Bank of Japan, called for a 'holistic approach' to designing the future global monetary system, cautioning against limiting choices to central bank digital currencies (CBDCs) and stablecoins alone. Hyakumori noted that Japan is prepared for both p

According to Grayscale research chief Zach Pandl, the Federal Reserve will maintain elevated interest rates through September 2027 amid accelerating U.S. inflation and rising energy prices. The prolonged high-rate environment creates three effects on crypto assets: increased holding costs for zero-y

According to Grayscale research head Zach Pandl on May 16, the Federal Reserve may maintain elevated interest rates long-term as U.S. CPI approaches 4%, with markets now expecting the first rate cut in September 2027. Grayscale noted that higher rates will accelerate tokenization of fixed-income

2026 年 5 月 15 日，Kevin Warsh 宣誓就任第 17 任美联储主席，成为首位持有加密资产的美联储主席。本文解析其 6.7 万亿美元激进缩表主张、美联储内部政策分歧及对加密流动性的短期与长期影响。

According to BIT's latest weekly report, U.S. CPI has risen to 3.0%, exceeding the Federal Reserve's target by 100 basis points, prompting markets to price out some 2026 rate-cut expectations. The report notes that Bitcoin's prior gains relied heavily on Fed accommodation expectations; as rate-cut b

比特幣於5/15升至約81,500美元，主因是美中峰會緩解伊朗緊張情緒，以及CLARITY法案委員會審議進展，提供短期利多。PPI數據強勁、十年期債殖利率降至約4.46%，降息預期受壓。油價持續高位，布倫特逾106美元、WTI近97美元。若法案成案，CFTC將有更清晰監管框架，長期影響待定。

U.S. spot Bitcoin ETFs recorded $630.4 million in net outflows on May 13, marking the largest daily exit in over three months, as inflation data triggered broad institutional risk aversion. The outflows reversed a five-week inflow streak that had accumulated approximately $3.8 billion in

美国 4 月核心 PPI 同比上涨 5.2%，创 2022 年 3 月以来最大月度涨幅，市场对年内降息的预期完全消失，12 月加息概率已升至 30% 以上。

英格蘭銀行官員指穩定幣為貨幣的新形式，英國不選邊，穩定幣與代幣化存款並行，由用戶在實際場景中決定適用。實施雙軌監管：系統性穩定幣由 BoE 監管、非系統性由 FCA，年底開放申請，兩條線同等穩健。穩定幣被視為支付基礎設施的擴張，不是對現有體系的競爭。

According to the U.S. Senate, Kevin Wash was confirmed as Federal Reserve chair on May 13 with a 54-45 vote, becoming the first Fed chair with direct digital asset investments and ongoing industry involvement. Wash will assume the position on May 15, succeeding Jerome Powell. According to

比特幣於5月14日跌至79,560美元。參院以54-45確認凱文沃什出任主席，任期4年；同日以51-45確認沃什為理事，任期14年。鮑威爾主席任期5月15日屆滿，將以理事任至2028年1月。CLARITY法案審議排定5月14日，通過後送全院表決。市場預期年底前不降息，12月升息機率約30%，年底升息機率逾40%的預期影響美債殖利率。

According to Decrypt, the Bank of England will accept applications for systemically important stablecoins by year-end 2026, treating them as a new form of money and subjecting them to central bank regulation. The FCA will oversee other stablecoins, including those denominated in pounds

美4月CPI較預期上升，環比0.6%、同比3.8%，能源壓力主因。油價走高推升通脹，Fed12月加息機率逾30%，Warsh正式任理事。路透稱沙特對伊朗有秘密打擊，局勢持續緊張。美股收盤：S&P-0.16%、Nasdaq-0.71%、Dow+0.11%。