Bitget UEX Daily | Wash Set to Take the Helm at the Fed; CLARITY Bill Passes Senate Banking Committee; SpaceX IPO Filing Expected as Early as Next Week (May 15, 2026)

I. Hot News

Fed Dynamics

Fed Dove Council Member Milan Submits Resignation; Wash Receives Strong Endorsement for Leadership Role

• Federal Reserve Governor Stephen Milan formally submitted his resignation on Thursday, stepping down from his position and praising Kevin Wash’s upcoming leadership of the Fed in his letter.
• Milan has long maintained a dovish stance: he voted in favor of all three 25-basis-point rate cuts at FOMC meetings in 2025 and opposed the three rate-hold decisions this year, consistently supporting further easing.
• Market impact: This personnel change is expected to further solidify expectations of a Fed pivot toward easing, helping ease concerns over prolonged tightening and supporting equity and risk-asset pricing.

International Commodities

Commodity Prices See Heightened Volatility, Gold Edges Lower

• Spot gold fell to around $4,627 per ounce on Thursday; crude oil (WTI/Brent) remained in a high-level range amid geopolitical factors.
• Silver showed relative resilience, yet the broader commodity complex was pressured by inflation data and supply expectations.
• Market impact: Commodity price movements are increasingly intertwined with Fed policy expectations. If the easing path becomes clearer, gold’s safe-haven appeal may weaken, shifting focus toward industrial demand drivers.

Macroeconomic Policy

U.S. April Retail Sales Beat Expectations Strongly; CLARITY Crypto Bill Advances in Senate Banking Committee

• April retail sales rose 0.5% month-over-month and 4.9% year-over-year, marking the strongest gain in nearly eight months. Despite consumer confidence hitting historic lows, actual spending demonstrated notable resilience.
• The Cryptocurrency Market Structure Bill (CLARITY Act) passed the Senate Banking Committee by a 15-9 bipartisan vote and will now proceed to full Senate consideration, clearly delineating regulatory authority between the SEC and CFTC.
• Market impact: The retail data alleviates recession fears, while the CLARITY Bill’s progress brings regulatory clarity to the crypto market, expected to boost institutional participation and support related assets.

II. Market Review

Commodities Forex Performance

• Spot Gold: –0.45%, quoted at approximately $4,627 per ounce.
• Spot Silver: –1.6%, quoted at approximately $82 per ounce.
• WTI Crude: +0.91%, at $97.84 per barrel.
• Brent Crude: +0.85%, at $106.63 per barrel.
• U.S. Dollar Index: +0.14%, climbing to 99.01 on the back of Fed personnel shifts and retail data.

Cryptocurrency Performance

• BTC: +2.39%, trading at $81,562.
• ETH: +1.13%, trading at approximately $2,293.
• Total Crypto Market Cap: +2%, reaching approximately $2.79 trillion.
• Liquidation Overview: 24H total liquidations reached about $257 million, with short positions accounting for $152 million.
• Bitget BTC/USDT Liquidation Heatmap: BTC is currently trading near $81,523. Significant short-side leverage is clustered between $82,200–$83,300; continued upside could trigger a fresh short squeeze. On the downside, heavy long-side leverage sits between $79,500–$80,500; a break lower risks rapid retracement and cascading long liquidations.

• Spot ETF Net Flows: BTC spot ETFs saw a net outflow of approximately $7.1 million yesterday; ETH spot ETFs recorded a net inflow of $11.2 million.
• BTC Spot Contract Flows: BTC spot recorded a net inflow of $25.88 million; contracts saw a net inflow of $1.13 billion.

U.S. Stock Index Performance

• Dow Jones: +0.75%, at 50,063.46 points — first time above the 50,000 mark in three months, with steady momentum.
• SP 500: +0.77%, at 7,501.24 points, setting a fresh all-time high.
• Nasdaq: +0.88%, at 26,635.22 points, also hitting a record high, driven primarily by technology sectors.

Tech Giants Performance

• NVIDIA (NVDA): +4.39%, at $235.74 — market cap approaching $5.71 trillion; concentrated AI demand remains the core driver.
• Microsoft (MSFT): +1%, at $409.43 — steady performance.
• Meta Platforms (META): +0.29%, at $618.43 — supported by social and advertising businesses.
• Amazon (AMZN): –1.08%, at $267.22 — short-term profit-taking pressure.
• Tesla (TSLA): –0.44%, at $443.30 — volatility tied to EV and autonomous-driving expectations.
• Alphabet A (GOOGL): –0.38%, at $401 — stable search and cloud operations.
• Apple (AAPL): –0.22%, at $298.21 — modest pullback. Core Reason Summary: NVIDIA’s surge led the technology sector; the Magnificent 7 showed differentiation overall, yet the AI theme continues to dominate.

Sector Rotation Highlights

Optical Communication Sector surged over 40%

• Representative stock: POET Technologies (POET.US) +40%, after announcing a strategic partnership with optical-interconnect startup Lumilens for a new electro-optical interposer platform; initial $50 million order secured, with potential five-year procurement exceeding $500 million.
• Driving factors: Surging demand for high-speed optical engines in AI data centers; the company’s wafer-level photonic integration technology has been well recognized.

AI Chip New Listing soared

• Representative stock: Cerebras Systems (CBRS.US) +68%, closed at $311.07 on its Nasdaq debut with a market cap of approximately $950 billion.
• Driving factors: Positioned as an “NVIDIA challenger,” the market’s strong appetite for diversified AI computing suppliers fueled the valuation expansion.

III. In-Depth U.S. Stock Analysis

1. NVIDIA (NVDA) – AI Computing Leader’s Market Cap Continues to Approach New Highs

Event Overview: NVIDIA shares rose another 4.39% to $235.74 on Thursday, posting a 20% gain over the past seven trading days and adding more than $900 billion in market value to reach $5.71 trillion, closing in on the $6 trillion mark. CEO Jensen Huang’s last-minute addition to the Trump delegation visiting China further underscores the global layout of the AI supply chain. Market Interpretation: Institutions generally believe the “winner-takes-most” effect in AI persists; semiconductors, as core AI infrastructure, continue to see demand far outstripping supply, making NVIDIA’s dominance difficult to challenge in the near term. Investment Insight: The long-term AI theme remains intact, but valuations are already elevated — investors may look for entry points on pullbacks.

2. POET Technologies (POET.US) – AI Optical Order Fuels Sharp Share Price Rise

Event Overview: POET surged more than 40% on Thursday after announcing a strategic partnership with optical-interconnect startup Lumilens to develop a new electro-optical interposer platform; the first $50 million order has been placed, with potential cumulative procurement over the next five years exceeding $500 million. Market Interpretation: Institutions are bullish on AI data-center demand for low-power, high-density optical connections; the platform is expected to enable wafer-level mass production and significantly reduce costs. Investment Insight: The optical-communication sector benefits directly from AI capex; near-term catalysts are strong, but order execution pace warrants monitoring.

3. Cerebras Systems (CBRS.US) – “NVIDIA Challenger” Delivers Blockbuster IPO Debut

Event Overview: Cerebras officially listed on Nasdaq on Thursday, opening up 89%, hitting an intraday high of nearly 109%, and closing up 68% at $311.07 with a market cap of approximately $950 billion. Market Interpretation: As a new force in the AI chip space, its wafer-scale technology has been well received; investor enthusiasm for diversified AI computing suppliers has driven valuation expansion. Investment Insight: AI hardware competition is intensifying; post-listing volatility is likely to increase despite the strong debut reflecting market enthusiasm.

4. SpaceX – IPO Process Accelerates

Event Overview: Sources indicate SpaceX plans to file its prospectus as early as next week and begin roadshows on June 8; the IPO is valued at $1.25 trillion (including the merged entity with xAI). Market Interpretation: Institutions view SpaceX as the leader in space and Starlink; the post-merger valuation reflects the convergence potential of AI and the space economy. Investment Insight: The aerospace technology sector enjoys long-term tailwinds; improved liquidity after the IPO merits attention.

IV. Cryptocurrency Project Updates

1. Sharplink CEO Joseph Chalom stated that Ethereum treasury companies are shifting away from the Strategy and Michael Saylor model, focusing instead on staking yields and simpler balance sheets rather than complex financing structures.
2. The Bitwise Hyperliquid ETF (ticker: BHYP) will begin trading on the New York Stock Exchange this Friday, becoming the first U.S. product to offer Hyperliquid staking rewards through Bitwise’s internal on-chain staking arm.
3. JPMorgan analysts noted that while the crypto market has recovered after the Iran conflict, Ethereum and altcoins continue to underperform Bitcoin. They believe this trend since 2023 is unlikely to reverse without substantial improvements in network activity, DeFi, and real-world applications.
4. The U.S. Senate Banking Committee passed the CLARITY Bill by a 15-9 bipartisan vote, advancing it to the next legislative stage.
5. On-chain analyst Ember reported that Multicoin Capital appears to have taken a stop-loss on AAVE; the firm accumulated 338,000 AAVE tokens last November at $219 each.
6. The U.S. has approved roughly 10 Chinese firms to purchase NVIDIA H200 AI chips, including Alibaba, Tencent, ByteDance, and JD.com; distributors such as Lenovo and Foxconn have also received authorization. Each approved customer may purchase up to 75,000 H200 chips, though no actual deliveries have occurred yet.

V. Today’s Market Calendar

Economic Data Release Schedule

Key Event Preview

• Event: Senate may discuss the merged version of the CLARITY Bill — focus on final regulatory framework details.
• Event: SpaceX prospectus disclosure window — watch for valuation and roadshow developments.

Institutional Views

Leading investment-bank analysts generally believe that Federal Reserve Governor Milan’s resignation and Kevin Wash’s impending leadership further reinforce expectations of monetary easing. At the same time, the CLARITY Bill’s strong passage through the Senate Banking Committee injects regulatory certainty into the crypto market and is expected to encourage greater institutional allocation. U.S. equity indices hit fresh records, and robust retail sales data highlight economic resilience, easing recession concerns — yet low consumer confidence and inflation readings still require vigilance. In crypto, although BTC ETFs recorded a modest net outflow yesterday, regulatory progress is viewed as a long-term positive that could spark a rebound after short-term volatility. Overall, AI and crypto remain the dual market themes; investors should closely monitor the pace of policy implementation and macro data for their impact on risk appetite.

Disclaimer: The above content is compiled through AI-based search and has been reviewed by humans for verification purposes only. It does not constitute any investment advice. Data in this article may contain unavoidable discrepancies—please refer to real-time market data for accuracy.