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Jinse Finance reported that on May 13, BIT Official released a daily chart analysis stating that BNB and ETH have historically exhibited highly synchronized price movements, reflecting their similar sensitivity to the overall market environment. When risk appetite increases, on-chain activity rises, which often boosts trading demand, network fees, and token prices across major smart contract ecosystems. Conversely, when Bitcoin’s dominance rises or overall risk appetite cools, funds typically flow out of various altcoins, causing these two assets to remain closely correlated.Nevertheless, the underlying logic driving their price trends has begun to diverge. Ethereum’s scaling strategy, centered on layer-2 networks, has reduced transaction costs across its ecosystem but also led to declines in Ethereum mainnet fee revenue and token burn rate—thereby weakening ETH’s narrative of fee-driven deflation. Meanwhile, BNB Chain continues to benefit from strong demand for low-cost on-chain activity, maintaining relatively robust network utilization.In general risk-off conditions, ETH and BNB prices remain closely linked, but in the current market rebound phase, BNB’s short-term fundamentals appear more stable. Should this divergence in on-chain activity persist, BNB is likely to outperform ETH, and the price correlation between the two may gradually weaken.

7:00 (UTC+8) - 12:00 (UTC+8) Keywords: x402, Wells Fargo, Walsh, Jensen Huang1. Base co-founder: x402 now supports batch settlement;2. The US Senate voted to confirm Kevin Walsh as a Federal Reserve Board member;3. Charles Schwab has gradually launched cryptocurrency accounts for retail users;4. Wells Fargo increased its holdings of Bitcoin and Ethereum ETF and Strategy stocks in Q1;5. The White House confirmed that Jensen Huang accompanied Trump to China, boarding Air Force One at the last minute;6. US senators submitted a stablecoin bill amendment intended to explicitly prohibit cryptocurrencies from being used as legal tender;7. Trump family members profited about 1.55 billion dollars from selling WLFI tokens, with total wealth increasing by about 660 million dollars.

Jinse Finance reported on May 13th, citing Bloomberg, that ship tracking data indicates a Chinese crude oil supertanker appears to be leaving the Persian Gulf. On Wednesday morning, the VLCC "Yuan Hua Hu" was sighted passing through the waters, sailing past Iran's Larak Island on the eastern side of the strait and heading south. According to the shipping database Equasis, the vessel is owned and operated by a subsidiary of Cosco Shipping. Since the outbreak of the US-Israel-Iran conflict, this marks only the third such passage by a Chinese VLCC. The draft depth of the "Yuan Hua Hu" suggests it is fully loaded with oil or is close to its maximum capacity of 2 million barrels. Ship tracking data shows the vessel loaded its cargo at Iraq's Basrah Terminal in early March.