Walsh confirmed as Fed chair; U.S. April PPI posts fastest rise since 2022

ME News Update (May 14, UTC+8) — Key takeaways from German firm Singularity Express: Institutional: BlackRock's COO said demand for digital assets across capital markets is "astonishingly strong." NVIDIA CEO's Foundation pledged a $108 million donation to research institutions to expand AI computing capacity. Industry: Appen struck an AI partnership with Google, sending shares up 16%. Polymarket's April trading volume fell 8.9% month over month, the first decline since August 2025. An X user recovered a wallet holding 5 BTC (about $395,000) with the help of Claude AI. Macro: The White House confirmed Walsh as Chair of the Federal Reserve. U.S. April PPI rose 6.0% year over year, the fastest pace since 2022; Treasury yields jumped to a 10-month high after the data. Market moves: OSMO (+19.07%) and BB (+18.25%) led token gainers. In crypto, DeFAI (+0.81%) stayed modestly higher. In U.S. equities, department stores (+3.42%) outperformed. Source: Desun