AiCoin Daily Report (May 13)

1. US stocks opened higher, with the Nasdaq rising 731 points.

U.S. stock market opened, with the Dow rising 1071 points, the Nasdaq rising 731 points, and the S&P 500 index rising 2.94%. -Original

2. The US Bitcoin ETF increased its holdings by 3,569 BTC

Today, the Bitcoin ETF in the United States increased its holdings by 3,569 BTC, while the Ethereum ETF increased its holdings by 8,070 ETH. -Original

3. The U.S. debt ceiling has been raised by $400 billion.

4. SEC Chair Unveils Vision for Crypto Regulation

Paul Atkins, the new chairman of the U.S. Securities and Exchange Commission (SEC), announced on Monday that there will be significant changes in the way the agency regulates cryptocurrencies and outlined the details involved in the issuance and custody. President Trump's nominee, Atkins, laid out these plans at the SEC's fourth Crypto Task Force roundtable, showing that the agency has taken a very different approach to digital asset regulation compared to previous administrations. "It's a new day for the SEC," Atkins said. "Policymaking will no longer rely on ad hoc enforcement actions. Instead, the Commission will use its existing rule-making, interpretation and exemption powers to set fit-for-purpose standards for market participants." Atkins said on Monday that he plans to develop guidelines for assets that are considered securities or "subject to investment contracts". He criticized Gensler's previous approach to asking the company to visit the SEC, saying the agency had adopted an "ostrich policy — perhaps hoping that cryptocurrencies would disappear." "It claims to be willing to talk to potential registrants, 'just come and visit,' but that's at best empty rhetoric and more often disingenuous because the SEC hasn't made the necessary adjustments to the registration form for this new technology," he said. Atkins also hinted that custody rules may need to be updated to allow funds and advisers to participate in self-custody under certain conditions, and revealed that the institution may take a new approach to its "Special Purpose Broker Dealership Framework". The SEC may also consider whether to provide waiver relief to participants who wish to bring new products to market, Atkins said. "I would like to explore whether conditional waiver relief applies to registrants and non-registrants seeking to launch new products and services that may not be compatible with current Commission rules and regulations." He said. -original

5. The futures market bets that the Federal Reserve will not cut interest rates.

Odaily Planet Daily News From the perspective of federal funds rate futures, concerns about the economy have significantly decreased compared to Trump's "Liberation Day." A month ago, bets in the futures market reflected that the likelihood of the Federal Reserve maintaining stable interest rates in the first half of this year was only one in five, as traders believed that chaotic trade policies would weaken the economy and force the Federal Reserve to respond with an easing policy. Now, the futures market estimates that the probability of a rate cut before the end of June is about 90%. - Original text

6. Anchorage acquires Mountain Protocol

CEO Nathan McCauley stated that the transaction aims to strengthen Anchorage Digital's role in the institutional stablecoin ecosystem. -Original

7. Coinbase joins the S&P 500 index

8. The U.S. Department of the Treasury will hold a stablecoin meeting.

According to Crypto in America, the U.S. Department of the Treasury held a closed-door roundtable on cryptocurrency policy this week, focusing on topics such as stablecoins, DeFi, banking relationships, and cybersecurity. The stablecoin session is scheduled for May 15, where discussions will cover how to prevent sanctions evasion, secondary market monitoring, freezing capabilities, and compliance risks, aimed at strengthening the regulatory response to illegal financial activities involving digital assets. -Original text

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