U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

May 23 – Tiger Brokers has released a statement addressing recent rumors accusing the firm of refusing to cooperate with regulators or defying regulatory orders, clarifying these claims are completely false. Tiger Brokers emphasized that compliance is the core foundation of its business. In response to the latest regulatory requirements from relevant authorities, the company will strictly follow guidance from the China Securities Regulatory Commission (CSRC) and other regulators to carry out rectification work. Since 2023, Tiger Brokers has fully stopped onboarding new users from mainland China and marketing to that region. As of the end of the first quarter of 2026, assets held by mainland clients account for roughly 10% of the company’s total client assets. Meanwhile, the firm’s overseas market clients and their assets have seen steady growth. Tiger Brokers added that it will continue advancing compliance work steadily to safeguard client asset security. Separately, regarding the C

On May 23rd, Bitcoin slipped below the $75,000 mark, per HTX’s market data, notching a 3.1% decrease in value over the preceding 24 hours.

May 23 Update: On trade.xyz’s Pre-IPO segment, SpaceX (ticker: SPCX) recorded $21.64 million in 24-hour trading volume, with a reported market capitalization of $45.34 million. Trading volume has risen roughly 37% over the past day. SPCX’s current price stands at $199.55, translating to an implied valuation of $2.37 trillion. When SPCX launched trading, its opening price was $150. Based on a fully diluted share count of 11.87 billion, its initial reference market cap came to $1.78 trillion.

On May 23, HTX market data shows GMT saw a short-term surge, breaking above $0.0139 and logging a nearly 30% gain over just two hours. According to Coinglass data, GMT futures open interest has surged 131% in the past four hours — a development that typically signals continued significant price volatility. Current open interest for the contracts stands at $31.22 million.

On May 23, the European Central Bank (ECB) nixed a proposal to ease rules on Euro-denominated stablecoins, warning such changes would pose too big a risk to financial stability and monetary policy transmission. At an informal meeting of EU finance ministers in Nicosia, Cyprus, the think tank Bruegel suggested slashing liquidity requirements for stablecoin issuers and letting them tap ECB funding when needed—moves aimed at curbing the dominance of U.S. dollar-backed stablecoins and staving off "digital dollarization." But officials including ECB President Christine Lagarde pushed back hard, arguing stablecoins would erode bank deposits, drive up banks’ funding costs, reduce their lending capacity, and derail interest rate control. While some finance ministers leaned ambivalent on the plan, several central bank officials raised red flags about the ECB acting as a "lender of last resort" for stablecoin issuers. Right now, the EU enforces strict stablecoin regulations under the MiCAR frame

May 23: Tom Lee, chairman of BitMine—Ethereum’s largest treasury—expressed excitement that BitMine (ticker: BMNR) has been named to the preliminary candidate list for the Russell 1000 Index. BMNR’s market capitalization has surpassed the $5.7 billion minimum threshold required for inclusion in this large-cap benchmark. Notably, many active fund managers restrict their investments exclusively to Russell 1000 components, and an estimated 20 to 25 percent of the total market cap of these index constituents is held by passive index funds or ETFs.