Bank of England Governor Andrew Bailey stated that he believes inflation expectations have not become unanchored. According to Jin10, Bailey's comments come amid ongoing discussions about inflationary pressures and their impact on the economy. He emphasized the importance of maintaining stable inflation expectations to ensure economic stability.

これは、コードの裏側に隠された、AIの将来の支配権と世界的な技術的障壁を巡る大きな駆け引きに関わるものだ。

Morgan Stanley strategist Serena Tang expressed a positive outlook on risk assets for the remainder of 2026. According to NS3.AI, Tang reaffirmed the bank's mid-2027 target for the S&P 500 at 8,300. She highlighted that AI spending is expected to continue bolstering investment. Morgan Stanley maintains a preference for U.S. equities over core fixed income.

Bitcoin has dropped from $82,000 to $77,000 since May 15. US Treasury yields are hardening. The MOVE index — which measures implied volatility in Treasury notes and serves as a barometer for global financial stress — has jumped from 69% to 85%. By any conventional measure, this is an environment where options traders scramble to buy protection, pushing implied volatility sharply higher. That has not happened. Bitcoin's 30-day implied volatility index is hovering around 42% — just above its year-to-date low of 40% — and the disconnect between that reading and the stress visible everywhere else in markets is the setup that volatility traders are now watching closely. Why low implied volatility matters here Implied volatility measures the market's expectation of future price movement embedded in options prices. When uncertainty rises — falling prices, stressed bond markets, geopolitical escalation — implied volatility typically rises with it as traders bid up the cost of options protection. The fact that Bitcoin's BVIV has remained near 2026 lows despite a $5,000 decline, massive ETF outflows, and the fastest repricing of Federal Reserve rate expectations in years suggests the options market may be underpricing the actual risk brewing beneath the surface. "In the options market, BTC IV is historically low: implieds have compressed to the high-30s/low-40s, printing new 2026 lows. That's cheap vol in absolute terms," said Jean-David Péquignot, Chief Commercial Officer at Deribit, the world's largest crypto options exchange with more than 70% of global crypto options market share. The trade: long straddles ahead of macro catalysts Low implied volatility is not inherently bearish or bullish for Bitcoin's price — but it does create a specific opportunity for volatility traders. When options are cheap relative to the actual uncertainty present in the market, buying volatility through strategies like straddles becomes attractive. A straddle involves simultaneously buying both a call option and a put option at the same strike price and expiry date. The call profits if Bitcoin's price rises significantly; the put profits if it falls. Buying both removes the need to predict direction — the trade profits from a large move in either direction, making it a pure bet on volatility expanding from its currently compressed level. "BTC vol being this cheap while price is at a key breakout level can be a good setup for long vol and long straddle positioning ahead of a macro catalyst such as the next CPI print or a Fed speech," Péquignot said. The Catalysts That Could Break The Calm The macro calendar provides several upcoming events capable of resolving the current tension between low implied volatility and elevated real-world uncertainty. Wednesday's April FOMC minutes at 18:00 UTC are the most immediate — any language suggesting Fed committee members discussed rate hikes rather than simply holding could trigger a sharp directional move in Bitcoin. The next CPI print, Warsh's first public communications as Fed chair, and any developments in the US-Iran situation each represent potential catalysts that could rapidly close the gap between what options markets are pricing and what the macro environment is signaling. The MOVE index's jump from 69% to 85% is a particularly important reference point. Treasury volatility at that level has historically preceded periods of elevated volatility across risk assets — and Bitcoin, which has become increasingly correlated with macro conditions following the institutionalization driven by spot ETF launches, is unlikely to remain insulated from that stress indefinitely if it continues to build. The Bottom Line Bitcoin's implied volatility near 2026 lows while prices are falling, bond markets are stressed, and geopolitical uncertainty remains elevated is an unusual and potentially short-lived condition. For directional traders, the $76,000 support level remains the key line to defend. For volatility traders, the current compression in BVIV — with high-impact macro catalysts on the immediate horizon — represents one of the more clearly defined setups the options market has offered this year. The calm before the storm is typically when straddles are cheapest. Whether the storm arrives from the upside or the downside, the options market appears to be underpricing the probability that it arrives at all.

The Federal Reserve is preparing for a leadership transition on May 22. According to Odaily, a meeting summary released at 2 a.m. UTC+8 on Thursday will reveal significant internal policy disagreements. Kevin Warsh is scheduled to be sworn in as the designated Chair of the Federal Reserve at the White House this Friday, with U.S. President Donald Trump presiding over the ceremony. The minutes from the Federal Open Market Committee (FOMC) meeting held on April 28-29 will serve as a crucial insight into policy differences before the leadership change. This meeting marks the last under Jerome Powell's tenure as Chair Pro Tempore of the Federal Reserve. The minutes are considered to reflect the most severe disagreements of this generation, particularly concerning interest rate paths and inflation assessments.

Gold prices have experienced a short-term decline, currently trading at $4,494 per ounce. According to Jin10, Iranian Parliament Speaker Mohammad Bagher Ghalibaf has stated that the United States is poised to enter another unwinnable and endless conflict.

Bank of England Monetary Policy Committee member Catherine Mann has expressed concerns about the potential for high inflation at the end of 2026 to become entrenched in wage agreements in 2027. According to Jin10, Mann highlighted the risk that persistent inflation could influence future wage negotiations, potentially leading to a cycle of rising wages and prices. Her comments underscore the challenges central banks face in managing inflation expectations and ensuring economic stability.

Anthropic、人工知能、AI界のトップインフルエンサーであるKarpathyがAnthropicに加入、その狙いは？ ゴールデン・ファイナンス、これは単なるシリコンバレーでの転職ではなく、知識と権力の移転である。

本稿では、FRBが利下げを行うたびに縮小し続けている収益事業について、Circleが垂直統合を活用してその縮小を相殺できるかどうかを検証する。

ここ最近、現物金は激しい売り圧力にさらされ続け、1オンスあたり4500ドルの心理的節目を割り込み、5月20日には4453ドルまで下落し、今年3月末以来の安値を記録した。

過去2年間、RWA、プレIPOトークン、米国株のブロックチェーン化といったトレンドに注目してきたなら、以下の内容はぜひ一読する価値があります。

「キャッシュフローのないものは理解できないし、ステーブルコインにも興味はない」。それから9か月後、彼がSECに提出した第1四半期の13F報告書には、USDCの発行元であるCircle（CRCL）の保有記録が記載されていた。

トランプ政権は、自由な発展を続ける暗号資産市場に対する規制緩和を進める中で、デジタル証券取引計画の導入を準備しており、この計画は米国株式市場の構造を一変させる可能性がある。

もしある日、十分に強力な量子コンピュータが登場したら、何が起こるだろうか？

大学で最年少の英語講師から、シンガポールのWeb3分野をリードするメディア企業のCEOを経て、現在は周星馳氏が率いる香港上場企業「比高グループ」傘下のAitheia AIのCEOを務める――ローラの多岐にわたるキャリアは、映画よりもさらにドラマチックだ。

OpenAIは、2億3400万ドルを超える複数年契約に基づくパートナーシップを通じて、シンガポールに米国以外で初となる応用AI研究所を開設し、同国のアジアにおける同社の最重要戦略的AI拠点の一つとしての地位を確立することで、グローバルな事業展開を飛躍的に拡大している。