• JPMorgan now forecasts the next Fed rate cut in December, down from September, while Citi expects it in July. Goldman Sachs also shifts its prediction to December and lowers US recession odds to 35% from 45%. Barclays aligns with December for the next cut - [IH]

• U.S. CPI rises 2.3% year-over-year (est. 2.4%), while core CPI remains at 2.8% year-over-year (est. 2.8%) - [Tree]

• S&P 500 opens 0.1% higher, NASDAQ rises 0.3% - [DB]

• Yuga Labs sells Cryptopunks IP to the Infinite Node Foundation - [Zoomer]

• Microsoft is cutting 3% of its workforce - [IH]

• US considers allowing UAE to purchase over one million advanced NVIDIA chips - [IH]

• Trump predicts the market will rise significantly - [DB]

• Thailand government to raise $150 million from the public via crypto token - [Zoomer]

• Trump calls for the Fed to lower interest rates - [DB]

• Trump questions what's wrong with Powell's 'too late' approach - [DB]

• SEC delays decision on Grayscale's spot Solana ETF - [PN]

• SEC acknowledges filing for 21Shares spot Dogecoin ETF - [PN]

• SEC postpones decision on Grayscale spot Litecoin ETF - [PN]

• SEC delays in-kind redemptions for BlackRock's spot Bitcoin ETF - [PN]

• S&P 500 closes 0.8% higher, NASDAQ rises 1.7% - [DB]

• Twenty One purchases 4,812 BTC for $458.7M at an average price of $95.3K through Tether - [AGGR]

• ETF flows for May 13, 2025: Bitcoin ETFs see $91.4M in net outflows, while Ethereum ETFs experience $13.5M in net inflows - [EI]

• US MBA mortgage applications index rose 1.1% last week - [DB]

• JPMorgan completes first public transaction of tokenized treasuries on Ondo public ledger - [AGGR]

• S&P 500 rises 0.2%, NASDAQ increases 0.4% - [DB]

• U.S. crude oil inventories increased by 3.454M barrels, compared to an estimate of a decrease of 1.078M barrels - [DB]