Overview of Key Overnight Developments on May 13

21:00-7:00 Keywords: BlackRock, Citigroup, Nirvana Labs

1. Nasdaq opens 4% higher, major tech stocks in the US surge collectively; 

2. BlackRock has applied to enable physical redemption for its Ethereum Trust; 

3. Sonic Labs announces the sale of $10 million in tokens to Galaxy; 

4. Citigroup postpones its forecast for the next Fed rate cut from June to July; 

5. US SEC Chairman Paul Atkins: A comprehensive reform of crypto broker rules may be underway; 

6. Blockchain cloud computing company Nirvana Labs completes a $6 million seed extension round, led by Jump Crypto and others.