24-Hour Hot Cryptocurrencies and News | Ledger Postpones US IPO Plans; Trump Arrives in Beijing for Visit to China (May 14)

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1. Popular cryptocurrencies on CEXs

Top 10 CEX trading volumes and their 24-hour price changes:

  1. BNB: +0.12%
  2. BTC: -1.86%
  3. ETH: -1.63%
  4. SOL: -4.51%
  5. BB: +9.90%
  6. XRP: -1.90%
  7. DOGE: +2.09%
  8. OSMO: +44.13%
  9. ZEC: -8.46%
  10. PEPE: -3.59%

24-hour gainers list (data source: OKX):

  1. NAVX: +28.23%
  2. XCH: +13.45%
  3. PARTI: +12.04%
  4. INJ: +5.86%
  5. EDGE: +6.25%
  6. ASP: +6.31%
  7. CFX: +5.95%
  8. VELO: +4.34%
  9. HUMA: +3.25%
  10. DOGE: +2.62%

24-hour cryptocurrency stock gainers list (data source: msx.com):

  1. VIVO.M: 53.04%
  2. VELO.M: 48.79%
  3. TSEM.M: 24.17%
  4. NA.M: 20.74%
  5. CSCO.M: 20.35%
  6. AAOI.M: 20.29%
  7. WOLF.M: 19.14%
  8. NOK.M: 16.55%
  9. NBIS.M: 16.42%
  10. VOYG.M: 15.99%

2. Top 5 most popular on-chain memes (data source: GMGN):

  • BOUGHT
  • MTFR
  • JACKASS
  • Rage
  • Comrade

Headlines

The U.S. Senate voted to confirm Warsh as Federal Reserve Chairman, while Powell is expected to remain on the board of governor.

The Senate confirmed Kevin Warsh as the new Federal Reserve Chairman by a vote of 54 to 45, succeeding Jerome Powell, whose term expires on May 15. Warsh will officially assume office after completing the White House's signing process, while Powell is expected to remain on the Federal Reserve Board of Governors. This vote was the most partisan in history, with only one Democratic senator voting in favor. (Jinshi)

Trump arrives in Beijing to begin his visit to China

U.S. President Donald Trump has arrived in Beijing to begin a state visit. (Xinhua)

Ledger postpones its US IPO plans and is considering a private placement instead.

Hardware wallet maker Ledger has suspended its US IPO plans due to unfavorable market conditions. The company, with a potential valuation of approximately $4 billion, has not yet filed its S-1 document with the SEC and is currently evaluating alternative options, including private financing. Following weakening token prices and volatility in the US stock market, several other crypto companies, including Kraken, have also postponed their IPOs. (CoinDesk)

Industry News

Israel Defense Forces: Ready to resume combat if necessary

The leader of the Israel Defense Forces stated that the IDF is prepared to resume combat if necessary. (Jin Shi)

Charles Schwab begins rolling out spot crypto trading services to US retail customers

Charles Schwab has rolled out its "Schwab Crypto" service to US retail clients in phases, supporting spot trading of Bitcoin and Ethereum with a 0.75% fee per transaction. Custody is handled by Charles Schwab Premier Bank, and the underlying service is provided by Paxos. The company currently manages approximately $12 trillion in client assets, and its clients already hold about 20% of the US spot crypto ETFs. (FinanceFeeds)

Jane Street significantly reduced its holdings of Bitcoin ETFs in the first quarter, while increasing its holdings of Ethereum ETFs and Galaxy Digital.

According to its latest 13F filing, Jane Street significantly reduced its holdings in multiple Bitcoin-related assets in the first quarter of 2026. Its holdings in BlackRock's IBIT decreased by approximately 71% quarter-over-quarter, and its holdings in Fidelity FBTC decreased by approximately 60%. It also reduced its holdings in Strategy and several Bitcoin mining companies. At the same time, its Ethereum ETF holdings increased by approximately $82 million, and its Galaxy Digital holdings increased dramatically from approximately 17,000 shares to approximately 1.5 million shares.

Project News

Ethena launches a dedicated USDe marketplace on Jupiter Lend, supporting leveraged strategies and institutional participation.

Ethena has launched a dedicated USDe market on Jupiter Lend, which is completely independent of the existing Jupiter Lend deployment. Bitwise is responsible for on-chain asset management and risk monitoring, and institutional participation is supported. Users can deposit USDe, conduct lending and leveraged strategies in this market, and USDe can also be bridged to the Solana network through Stargate Finance.

Anchorage has partnered with Grupo Salinas, owned by Mexican billionaire, for stablecoin cross-border payments.

Anchorage Digital announced a partnership with Grupo Salinas, enabling its crypto business Coinpro to integrate with Anchorage's stablecoin payment infrastructure. This will allow for real-time, programmable USD settlements based on blockchain technology, serving Grupo Elektra users. Previously, Anchorage also partnered with Western Union to launch a USD stablecoin product on the Solana blockchain. (The Block)

Character voices

Federal Reserve's Collins: Patience with rising inflation is waning, and interest rates may need to remain high for longer.

Federal Reserve Chairman Collins stated that inflation has been above target for more than five consecutive years, and the current tight monetary policy "may need to continue for some time." He added that if the conflict continues and causes prices to rise further, a scenario requiring further policy tightening cannot be ruled out. If inflation falls, the Fed may still cut interest rates later this year. (Jinshi)

YZi Labs Head: Believing that cryptocurrency is an independent innovation is the biggest misjudgment in the past.

Ella Zhang, head of YZi Labs, stated in a Binance Online livestream that focusing solely on the crypto space in the early stages was a major miscalculation; a broader perspective would have allowed for investment in more AI companies. She currently focuses on AI agent intent-driven decision-making, permissionless payment systems, and data privacy protection, noting that future Web3 projects may increasingly opt for equity tokenization or direct listing on traditional stock markets.

Solana Foundation Chairman: The next step in asset tokenization is to create new financial assets in markets where no effective pricing mechanism has been established.

Lily Liu, Chair of the Solana Foundation, stated during a Binance Online livestream that the next phase of asset tokenization will focus on areas where effective pricing mechanisms have not yet been established, such as computing power and the energy market. Crypto technology is helping approximately 180 countries or regions worldwide that have not yet established large-scale capital markets to improve financial accessibility.

Charles Hoskinson: Section 604 of the Clarity Act may hinder open source innovation.

Cardano founder Charles Hoskinson pointed out that Section 604 of the Clarity Act could hold open-source developers legally responsible for the misuse of their code by others, potentially even permanently, even without their knowledge. This would pose a serious threat to the open-source innovation environment.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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