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According to BlockBeats news, on May 21, Wall Street Journal reporter Nick Timiraos, known as the "Fed's mouthpiece," said that Fed officials have almost stopped discussing the issue that has dominated the policy debate over the past two years, that is, whether interest rates should be cut, but began to consider the opposite direction more seriously at last month's meeting: whether interest rates need to be raised. The minutes of the April policy meeting showed: "Most participants emphasized that further policy tightening may become appropriate if inflation continues to remain above 2%." The April meeting was Powell's last meeting as Fed chair, and its minutes highlighted how the Middle East conflict has reshaped the outlook for the Interest Rate Decision-Making Committee.

BlockBeats reported on May 21 that Greg Michalowski, an analyst at the U.S. financial website investinglive, stated that the vote at the April meeting was 8 to 4, with one person voting for a 25 basis point rate cut (i.e., Milan, who has resigned from the Fed), and another 3 voted to end the easing stance. The Fed minutes mentioned that "many" participants wanted to end their easing stance, indicating that more than three may be willing to take a more hawkish stance. I believe that if the vote were renewed today, policy leans more consistently toward ending easing.

BlockBeats News, May 21, Federal Reserve meeting minutes: Participants generally agreed that persistently high inflation and uncertainty about the Middle East situation may require maintaining current policy stances longer than expected.

According to BlockBeats news, on May 21, OpenAI is preparing to submit an initial public offering (IPO) application in the coming days or weeks.

BlockBeats reported that on May 21, CryptoQuant analysts stated that after Bitcoin touched resistance at the 200-day moving average, it reversed and its current trend is highly similar to March 2022: when Bitcoin rebounded 43% before hitting the 200-day moving average and then resuming its downward trend. After breaking through $80,000 in this round of Bitcoin, overall demand has turned to contraction—speculative demand for perpetual futures has sharply reversed, spot surface demand is shrinking at a faster pace, and US spot ETFs have also turned to weekly net selling, with 30-day demand growth dropping to its lowest in nearly a month. The three major demand indicators reversed simultaneously, completely removing the foundation supporting the April and May rebound. The continued absence of demand from U.S. investors further intensified bearish sentiment. The Coinbase Bitcoin premium remained negative throughout both the rebound and pullback, indicating that U.S. institutions and retail buyers remain in a risk-averse stance. The Bull Market Rating Index has fallen from 40 to 20, entering an extreme bearish range, consistent with the deep bear market readings seen when Bitcoin fell to $60,000–$66,000 in February-March 2026. If the pullback continues at $70,000, it will become the primary support level, which has historically served multiple times as a key bear market support/resistance boundary.

BlockBeats reported that on May 20, the on-chain customized stablecoin USDF, jointly launched by Coinbase and Flipcash, has been launched. USDF leverages Coinbase's infrastructure to complete issuance, compliance, and settlement. It is part of Coinbase's "Custom Stablecoins" program, enabling enterprises/protocols to easily issue their own branded USD stablecoins for payments, payroll, cross-border settlements, and more, while maintaining regulatory compliance.

According to BlockBeats news on May 20, according to OnchainLens monitoring, a K3 Capital address withdrew 7,930 ETH from Binance, valued at $16.88 million.

According to BlockBeats, on May 20, U.S. EIA crude oil inventories for the week ending May 15 were -7.863 million barrels, compared to the expected -2.942 million barrels and the previous value -4.306 million barrels. Last week, the US saw the largest decline in the EIA Strategic Petroleum Reserve (SPR) inventory. (Jin Shi)

According to BlockBeats news on May 20th, according to Bitget market data, affected by "the text of the US-Iran agreement has entered the final editing stage, and the next round of negotiations is expected to be held in early June". The three major U.S. stock indexes rose, with the Nasdaq 100 index rising to 1%, the S&P 500 index rising 0.6%, and the Nasdaq rising nearly 1%. Spot silver rose 3.00% on the day and is now trading at $75.90 per ounce. Spot gold broke through $4,510 per ounce, up 0.63% on the day.

According to BlockBeats news, on May 20th, Perp DEX Variational completed a $50 million Series A financing, led by Dragonfly Capital, with participation from Bain Capital Crypto and Coinbase Ventures. It focuses on decentralized derivatives trading protocols, aiming to bring traditional financial market liquidity to the blockchain rather than relying on crypto-native liquidity pools. The platform provides in-depth market-making services for real-world assets (RWAs, crude oil and commodities) by aggregating the liquidity of large crypto trading platforms and traditional financial market makers, solving the problem of "cold start" of on-chain order books.

According to Bijie.com, Anthropic expects its Q2 revenue to more than double to $10.9 billion. This explosive growth rate will help it achieve profitability for the first time, with an expected operating profit of $559 million in the second quarter. The company disclosed this data to investors during an ongoing funding round, which is likely to put the company's valuation above OpenAI. These forecasts offer a window into the rapid rise of this startup that once lagged behind in the AI race, overturning the traditional view that massive spending by AI companies hinders short-term profitability.

Odaily Planet Daily reports that Musk's SpaceX has announced plans for the largest IPO in its history, fully disclosing the financial details of the company covering rocket launches, satellite broadband, and artificial intelligence businesses to investors. According to the prospectus filed with the U.S. Securities and Exchange Commission (SEC) on Wednesday, the company reported $4.7 billion in sales and an operating loss of $1.9 billion for the first three months of this year. After the IPO, Musk will have 85.1% of the voting rights. The company also plans to conduct mining operations on near-Earth asteroids. The documents also show that Anthropic will pay SpaceX $1.25 billion per month until May 2029. Although the issuance size and proposed valuation have not yet been disclosed, media outlets previously reported that SpaceX had discussed raising about $75 billion at a valuation of $1.75 trillion. SpaceX will be listed on Nasdaq under the ticker symbol SPCX. (Jin Shi)

Odaily Planet Daily reports, citing AXIOS, U.S. sources say Trump told Netanyahu that mediators are drafting a "letter of intent" signed by the U.S. and Iran to formally end the war and initiate 30-day negotiations on issues such as Iran's nuclear program and the opening of the Strait of Hormuz. (Jin Shi)

AggrNews: SPACEX FILES FOR IPO, DISCLOSES 18,712 BTC HOLDING AT COST BASIS OF $35K: FILING

According to Bijie.com, whales have opened new ZEC short positions on the HyperLiquid platform, opening 1,483.51 units at an opening price of $671.66. The current token price is $675.87, the liquidation price is $6,619.36, and the total position size is approximately $1,002,659.90. This whale has long profited from long BTC and altcoin exchange rates during market fluctuations and downturns, currently longing BTC with a total of $50 million and shorting HYPE, with total gains exceeding $37 million.

BlockBeats reported that on May 20, Brevis officially launched its image traceability tool, Brevis Vera, which is now available to all users. Users can use cameras or phones supporting the C2PA standard to capture images, complete cropping, exposure, color adjustment, and other editing operations in Vera, then generate a zero-knowledge proof file that can be independently verified by any third party in the browser. This allows complete proof of the image's source and processing chain without revealing the source media or editing process privacy. Brevis Vera debuted in March this year as an interactive concept demonstration. The full version introduced a zero-knowledge proof mechanism into the C2PA protocol stack, designed to serve as a complementary primitive to existing editing tools like Adobe Photoshop, rather than a competing alternative.

According to BlockBeats news, on May 20th, Morgan Stanley has submitted a revised filing document for its Solana spot ETF today, with the trading code to be used as MSOL, and management fees and other details have not yet been disclosed.

Odaily Planet Daily reports that Wally Cheng, Morgan Stanley's Global Head of Technology M&A, stated that as companies compete to fill technology gaps in chips, power, networks, and infrastructure, AI M&A deals are covering all sizes and expanding across multiple industries. Cheng said, "I believe the deal activity will cover the entire spectrum of companies, including private companies and publicly listed companies." "Although semiconductors that provide computing power for AI attract attention for their "technological miracle" attributes, the infrastructure surrounding these chips also holds tremendous value, including sectors such as networking, storage, power, and real estate. Cheng said valuations in the AI industry remain "very challenging," as it requires balancing "unicorns full of imagination and rainbow-like prospects" with real-world execution risks. Tammy Kiely, Senior Managing Director of Technology Investment Banking at Evercore, expressed a similar view. She stated that potential acquirers must assess the potential value they can create while weighing the cost of missing out on opportunities. (Jin Shi)

According to Bijie.com, the US Dollar Index fell on the 20th, with the US Dollar Index, which measures the dollar against six major currencies, dropping 0.24% that day and closing at 99.090 in the forex market. As of the closing of the New York Forex Market, 1 euro to 1.1631 US dollars, higher than the previous trading day's 1.1604 US dollars, 1 British pound to 1.3442 US dollars, higher than 1.3397 US dollars to 158.84 Japanese yen, lower than 159.06 yen to 1 US dollar to 0.7868 Swiss francs, lower than 0.7892 Swiss francs 1 USD to 1.3749 Canadian dollars, and below 1.3750 Canadian dollars to 9.3324 Swedish kroner, and down to 9.4055 Swedish kroner.