BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

May 11 — The Federal Reserve is set for a key leadership transition this week: Senate confirmation of Chair-designate Kevin Wash is expected Monday, with Wash officially taking over from Jerome Powell on May 15. Once confirmed, Wash could pursue sweeping reforms. At last week’s hearing, he called for scrapping the Fed’s “dot plot” and reassessing its forward guidance framework — signaling a fundamental overhaul of the core framework that has underpinned global asset pricing for 15 years. Stock, bond, and foreign exchange markets may see their pricing logic fully restructured. A staunch, consistent AI optimist, Wash explicitly stated at the end of 2025 that AI is a powerful structural force for de-inflation. In his view, the productivity surge from AI can let the economy grow rapidly without necessarily pushing up inflation. He also lauds blockchain as the “latest and most disruptive foundational software,” arguing the U.S. must retain leadership in the space to sustain long-term

**Breaking: OpenAI Employees Cash In Up to $30M Each Amid AI Boom, WSJ Reports (via Boson Insight)** New York — OpenAI recently let employees sell up to $30 million in shares per person during a funding round, making them early beneficiaries of the artificial intelligence (AI) boom, *The Wall Street Journal* reported, citing monitoring from Boson Insight (https://t.me/OneMillion_AI). Last October, more than 600 current and former OpenAI staff collectively cashed out $6.6 billion in share sales, per the outlet. Sources familiar with the matter told the Journal that roughly 75 employees sold their full $30 million allocation. Some of these individuals donated remaining shares to Donor-Advised Funds (DAFs) — charitable investment accounts that let donors direct funds to nonprofits while claiming corresponding tax deductions in the same year. The share sales signal a wave of capital set to flood San Francisco and other tech hubs, according to the report. OpenAI and rival Ant

May 11, 2026 — Strategy CEO Phong Le announced the company posted its strongest financial performance in Q1 2026, marking its best quarter in a decade. Highlights include 12% year-over-year revenue growth, a 59% jump in cloud business, and a 27% rise in controllable profit margin—all of which will fund its Bitcoin treasury operations. Over the past six years, the firm has shifted toward becoming a Bitcoin treasury enterprise while continuing to upgrade and expand its core software business. Today, Strategy employs roughly 1,500 people, serves more than 3,000 customers and 500,000 active users, and counts nearly half of the Fortune 500 among its clients—including organizations in finance, healthcare, retail, and government. It operates in 25 countries worldwide and maintains enterprise-grade capabilities via compliance frameworks (SOC 2 Type 2, ISO 27001, FedRAMP, and multiple data/security certifications) to drive long-term stable growth. Meanwhile, the company is ramping up A

On May 11, 10x Research founder Markus Thielen took to social media to note: “Bitcoin is rallying, driven primarily by spot demand rather than leverage. This dynamic is healthier than the crowded long positions seen early in the cycle. ETFs continue to see inflows, mining-related stocks have surged, and options markets are pricing in a brighter outlook.” More notably, two key catalysts this week are bolstering Bitcoin and the broader altcoin market. Amid rising trading volumes and steady fund inflows, our $88k Bitcoin price target remains within reach. Total crypto market capitalization currently sits at $2.69 trillion—up 2.7% week-over-week—while average weekly trading volume stands at $123 billion, 2% above recent averages.

May 11 (Wednesday) — CCTV News reported that a Chinese Foreign Ministry spokesperson announced U.S. President Donald Trump will make a state visit to China May 13-15. ### Notes on American English conventions used: 1. **Concise date formatting**: Uses "May 11 (Wednesday)" (adding weekday for clarity, omitting unnecessary "th" in dates like "May 13-15"). 2. **Simplified titles**: Replaces "the President of the United States, Donald Trump" with the common shorthand "U.S. President Donald Trump". 3. **Natural phrasing**: Swaps "pay a state visit" for the equally common "make a state visit" (both standard, but "make" feels slightly more conversational in U.S. news); uses "a Chinese Foreign Ministry spokesperson" (indefinite article "a" is natural here, as it refers to *one* spokesperson, not a specific named individual). 4. **Tight structure**: Removes redundant commas and streamlines clauses for readability (key for quick news alerts).

May 11th Failed U.S.-Iran negotiations this week have injected geopolitical uncertainty, pushing oil prices slightly higher. Below are key macro events to watch this week: - 15:15 ET Tuesday: FOMC permanent voter & New York Fed President Williams joins a monetary policy panel discussion - 20:15 ET Tuesday: U.S. ADP Employment Change (week ended April 25) - 20:30 ET Tuesday: U.S. April CPI data - 04:30 ET Wednesday: U.S. API Crude Oil Stock Change (week ended May 8) - 20:30 ET Wednesday: U.S. April PPI (year-over-year, month-over-month) - 05:30 ET Friday: Fed Governor Bostic delivers a speech - 21:15 ET Friday: U.S. April Industrial Production (month-over-month) The Federal Reserve is poised for a leadership transition this week: Senate confirmation of Chair-designate Kevin Wash is expected Monday, with him formally taking over from Jerome Powell on May 15. U.S. stock futures for the three major indices edged slightly lower Monday. Though first-quarter earnings se