Square confirmed Tuesday that 1 million US sellers can accept Bitcoin payments through its hardware, with autoenrollment adding a new merchant every eight seconds. The rollout uses the Lightning Network and offers optional dollar settlement, while Block will cover processing fees through 2026 and lets merchants convert up to 50% of daily sales to BTC in Square Dashboard.

Hyperliquid led blockchain fee revenue last week at about 43%, exceeding Ethereum and Solana based on the reported breakdown. The data highlights growing fee share for vertical chains as they continue to take activity from general purpose layer 1 networks.

ME News reported that on May 14 (UTC+8), the U.S. Senate confirmed Waugh as Chair of the Federal Reserve in a 54-45 vote. The Senate had already approved Waugh on May 12 for a 14-year term as a Federal Reserve Governor. Following the chairmanship confirmation, Waugh is expected to take office after completing the required signing procedures at the White House, replacing current Chair Jerome Powell when his term ends on Friday, May 15. Powell is expected to remain on the Fed's Board of Governors. The vote was described as the most partisan confirmation in history, with only one Democrat—Senator John Fetterman of Pennsylvania—joining Republicans in support. (Jinshi) (Source: ODAILY)

Metaplanet reported a steep quarterly loss after a slide in Bitcoin's price drove large unrealized valuation write-downs on its crypto treasury, even as its core businesses delivered sharp growth. In its fiscal 2026 first-quarter filing, the Japanese investment firm said it booked a net loss of 114.5 billion yen. The result was primarily tied to mark-to-market accounting on its Bitcoin holdings near quarter-end, with unrealized Bitcoin valuation losses totaling about 116.4 billion yen. Operationally, performance strengthened. Revenue rose 251.1% year over year to 3.08 billion yen, while operating profit increased 282.5% to 2.3 billion yen. The company cited Bitcoin-related income strategies and its hotel operations as key contributors. Metaplanet also continued to expand its Bitcoin position. It added 5,075 BTC during the quarter, taking total holdings to 40,177 BTC as of March 31. The company said this places it among the largest corporate Bitcoin holders globally. In Japan, Metaplanet reportedly accounts for nearly 87% of Bitcoin held by publicly listed companies as of May 2026. Globally, it trails only Strategy and Twenty One Capital by corporate Bitcoin holdings. Despite the paper loss, Metaplanet reiterated that its accumulation plan remains intact, describing Bitcoin as a decentralized monetary asset and prioritizing long-term treasury growth over short-term price swings. The company said it intends to fund additional purchases through debt issuance and equity fundraising. Metaplanet previously arranged a $500 million Bitcoin-backed credit facility, with about $302 million drawn as of May 13. Management kept its fiscal 2026 guidance unchanged, projecting annual revenue of 16 billion yen and operating profit of 11.4 billion yen. The results underscore the balance-sheet volatility that can come with aggressive corporate Bitcoin strategies, even as Metaplanet continues to position recent market weakness as a temporary headwind to its longer-term plan.

The U.S. Senate has confirmed Kevin Warsh as chair of the Federal Reserve by a 54–45 vote, the narrowest confirmation margin ever for a Fed chair, Bloomberg reported. Investors are watching whether Warsh will back President Donald Trump's push for lower interest rates, even as Warsh told lawmakers at his confirmation hearing that the Fed's monetary policy would remain "strictly independent."

The U.S. Senate on Wednesday confirmed Kevin Warsh as the 17th chair of the Federal Reserve, approving his nomination by a 54–45 vote—the closest and most contentious Fed chair confirmation on record. Warsh, 56, will succeed Jerome Powell, whose term as chair ends Friday. Sen. John Fetterman of Pennsylvania was the only lawmaker to break with his party. Powell is expected to remain on the Fed’s Board of Governors through January 2028. A Morgan Stanley veteran and former economic adviser in the George W. Bush administration, Warsh previously served on the Fed’s board from 2006 to 2011. He has publicly argued for "regime change" at the central bank, calling for a quicker reduction of the Fed’s balance sheet and tighter coordination with the U.S. Treasury. Markets are not reflecting the interest-rate cuts President Trump has demanded. Current pricing points to rates staying unchanged—or potentially rising by year-end—as inflation pressures build amid the U.S.-Israel conflict with Iran. Warsh’s first FOMC meeting as chair is scheduled for June 16–17.

WATCH: The U.S. Senate has confirmed pro-Bitcoin Kevin Warsh as the next chair of the Federal Reserve, approving his nomination by a 54"45 vote and ending one of the most contentious Fed leadership battles in decades. Warsh takes the helm as inflation shows signs of heating up again, policymakers are increasingly split over the rate path, and President Trump continues to push for aggressive cuts. "We are watching history."

The U.S. Senate has confirmed Kevin Warsh to serve as the next Chair of the Federal Reserve, replacing Jerome Powell.

Injective (INJ) has been trending higher since early April, with buying pressure surging over the past day. The token rose more than 12% in 24 hours, topping the market's daily gainers and pushing its seven-day advance to roughly 35%. Two developments have been in focus. The first is Injective's Community BuyBack program, which started May 13. The plan targets a lower circulating supply through monthly buybacks and token burns. Approved via governance in 2025, the mechanism has picked up pace and complements Injective's existing burn model. So far this year, over 198,198 INJ have been permanently removed via Community BuyBacks, with community members later receiving a share of revenue in USDT and other tokens. The second driver is Injective's growing presence in stablecoins. The network has positioned itself as the canonical USDC standard for Cosmos and for dYdX, one of the largest perpetual decentralized exchanges. Injective has also highlighted new onchain access to pre-IPO stock products linked to OpenAI, SpaceX, and Anthropic, while continuing to market itself as an institution-grade venue for real-world assets and AI agents. On-chain activity remains elevated. Total transactions are nearing 3 billion, with about 80 million left to reach the milestone. Average transaction speed has been cited at around 0.64 seconds. From a technical standpoint, INJ has sustained an uptrend since breaking out of a wedge on April 7, following a structure that began in late January and was confirmed by a successful retest on April 8. The token has reclaimed the $5 level and is setting up a possible test of the year's high near $6. Market indicators point to strengthening demand. Net Volume suggested more than 112,000 INJ were accumulated at the time of writing. Bollinger Bands have widened, indicating rising volatility, and large bullish candles have reinforced momentum. INJ has also held above the Bollinger Bands midline, which typically favors trend continuation. Even so, traders are watching for a potential pullback, particularly if price pushes into the $6 resistance zone. Final take: INJ's 12% jump comes alongside the launch of community buybacks, Injective's expanding role for USDC across Cosmos and dYdX, and robust network activity. The token is attempting to re-test the $6 area, though sharp rallies often bring heightened correction risk.