Point of View: The Federal Reserve Has Over-Eased, with a 65% Chance of Stagflation in the United States

On May 20, Bitget announced in an official release that its stock contracts have launched, now offering 10 underlying assets including QCOM (Qualcomm), SMCI (Super Micro Computer, Inc.), CSCO (Cisco), and NOK (Nokia). The contracts cover a range of popular sectors such as AI infrastructure, satellite communications, and photonic interconnects. They support up to 20x leverage; for more details, please visit Bitget’s official platform.

SEOUL, May 20 (Yonhap) — Samsung Electronics’ South Korean labor union has announced it will hold a strike this Thursday, two days after a local court partially granted the tech giant’s request for an injunction to block the work stoppage. On May 18, a South Korean court gave partial approval to Samsung’s bid to halt the union’s planned strike. If the Samsung union defies the court order and proceeds with the strike, it will face a daily fine of approximately 100 million South Korean won. Earlier, the Samsung union set out plans for an 18-day general strike kicking off on May 21. At the heart of their demands is securing a bigger share of the company’s profits amid projections that Samsung’s AI semiconductor business will hit record-high earnings in 2026. The union is calling for an end to the performance bonus cap, a rule that 15% of the company’s operating profit be allocated to a transparent performance bonus pool, and a 7% increase in base wages to close the pay gap with rival SK

On May 20th, a crypto whale trading under the handle "Sets 10 Major Goals First" disclosed that it has closed a Bitcoin short position on Exchange X, netting $12.61 million in profits from the trade.

On May 20, OpenAI announced the launch of a new service called "Capacity Commitment," which allows customers to reserve long-term compute resources for their critical workloads. The service is designed to provide enterprises and developers with a more stable, predictable computing capacity guarantee—ensuring core AI applications stay operational during periods of high demand or resource constraints. OpenAI stated that this move will help customers relying on its models for production deployments improve system stability and availability, while strengthening support for large-scale AI compute requirements.

May 20 — U.S. Department of Justice documents show an unusual settlement has been struck between former President Donald Trump and the federal government, ending the $10 billion lawsuit Trump and his businesses brought against the Internal Revenue Service (IRS) while expanding terms tied to the tax dispute. The agreement permanently bars the IRS from opening or continuing audits related to Trump, his companies, and his family’s past tax returns. The DOJ clarified this restriction only applies to the scope of currently active audits. In a separate component, the U.S. government will create an $18 billion "De-Weaponization Fund" to compensate individuals or groups claiming mistreatment during government investigations. The fund has been slammed by some Democratic lawmakers as "veiled patronage" and also raised questions within the Republican Party. A former IRS commissioner pointed to no precedent for a tax authority to permanently waive its right to examine specific individuals’ or b

On May 20th, Upbit announced that due to the upcoming Filecoin (FIL) network upgrade, FIL on-chain deposit and withdrawal services will be suspended starting May 27, 2026 at 18:00 Korean Standard Time (KST) until network stability is confirmed. This suspension only affects FIL’s on-chain deposit and withdrawal functions—FIL trading services will remain fully operational as usual. During the upgrade window, incoming FIL deposits may not be credited correctly or could experience delays. Some transactions may still execute at the network level, but Upbit will reconcile and process all affected transactions uniformly once maintenance is completed. Additionally, withdrawal address registration and deposit return features will also be temporarily suspended. The resumption time for these services will be notified to users via future official announcements.