Daily Digest — 13 May 2026

Markets grappled with inflation concerns today as Bitcoin recovered above $81,000 following a hotter-than-expected US consumer price reading that briefly sent the cryptocurrency down to \(79,800. Oil prices retreated 1.4% to \)100.72 despite ongoing tensions, while precious metals strengthened with gold gaining 0.6% to $4,712 and silver surging 2.1% as investors sought hedges against persistent inflationary pressures.

Political uncertainty gripped the UK as Labour-supporting unions predicted Keir Starmer won’t lead the party into the next election, with leaked statements saying the party “cannot continue on its current path.” The BBC identified potential challengers including Andy Burnham, Angela Rayner, and Wes Streeting as Starmer faces a deepening leadership crisis ahead of the King’s Speech.

Cryptocurrency markets saw institutional momentum as JPMorgan filed to launch a new tokenized fund, expanding its tokenized money market offerings following BlackRock’s similar move. Meanwhile, the Ethereum Foundation unveiled new security standards aimed at preventing billions in losses from phishing attacks.

Regional tensions continued as fighting in Sudan’s Blue Nile State displaced thousands more civilians, adding to the humanitarian crisis. The broader geopolitical landscape remained tense as markets await outcomes from high-level diplomatic efforts to stabilize critical trade routes.