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On May 12, Ondo Finance announced that its subsidiary Ondo Global Markets has surpassed a total value locked (TVL) of $1 billion, making it one of the fastest-growing tokenized stock and ETF platforms in the history of on-chain finance.

[Ondo: Tokenized Stock Platform TVL Surpasses $1 Billion]On May 12, Ondo Finance announced that its subsidiary Ondo Global Markets has surpassed a total value locked (TVL) of $1 billion, making it one of the fastest-growing tokenized stock and ETF platforms in the history of on-chain finance.

Ondo: Tokenized Stock Platform TVL Surpasses $1 Billion

On May 12, Kevin Walsh, the nominee for the next Federal Reserve Chair appointed by Trump, crossed a key procedural hurdle in the Senate on Monday. Powell's term as Chair is set to end this Friday. The Senate is expected to vote on Walsh's confirmation as a Federal Reserve Governor, with a term of 14 years, as soon as Tuesday following the so-called "cloture vote" on Monday. Subsequently, lawmakers will initiate the confirmation process for his four-year term as Federal Reserve Chair, with a related vote potentially taking place as early as Wednesday. The Republican-controlled Senate is expected to approve Walsh as the next leader of the Federal Reserve. The next Federal Reserve meeting, which could also be Walsh's first as Chair, is scheduled for June 16-17.

[Walsh Passes Key Procedural Vote as Fed Chair Transition Countdown Begins]On May 12, Kevin Walsh, the nominee for the next Federal Reserve Chair appointed by Trump, crossed a key procedural hurdle in the Senate on Monday. Powell's term as Chair is set to end this Friday. The Senate is expected to vote on Walsh's confirmation as a Federal Reserve Governor, with a term of 14 years, as soon as Tuesday following the so-called "cloture vote" on Monday. Subsequently, lawmakers will initiate the confirmation process for his four-year term as Federal Reserve Chair, with a related vote potentially taking place as early as Wednesday. The Republican-controlled Senate is expected to approve Walsh as the next leader of the Federal Reserve. The next Federal Reserve meeting, which could also be Walsh's first as Chair, is scheduled for June 16-17.

Walsh Passes Key Procedural Vote as Fed Chair Transition Countdown Begins

On May 12, local time May 11, the Trump administration requested a U.S. court to suspend the enforcement of a previous unfavorable ruling regarding a 10% global tariff, allowing the federal government to continue its appeal process. The U.S. International Trade Court ruled against the new tariff measures on May 8, but did not fully halt the tariff imposition. The Trump administration formally filed an appeal on the 8th. If the court approves the suspension of the ruling, three importers who previously sued the government over its tariff policy will again face the 10% global tariff. This 10% global tariff was implemented in February of this year. At that time, after the U.S. Supreme Court rejected most of the tariff measures proposed by the Trump administration for 2025, the government turned to promote a new global tariff policy based on Section 122 of the Trade Act of 1974. Currently, this global tariff measure is set to expire in July unless Congress decides to extend it. (CCTV News)

[Trump Administration Requests Court to Suspend Ruling on 10% Global Tariff]On May 12, local time May 11, the Trump administration requested a U.S. court to suspend the enforcement of a previous unfavorable ruling regarding a 10% global tariff, allowing the federal government to continue its appeal process. The U.S. International Trade Court ruled against the new tariff measures on May 8, but did not fully halt the tariff imposition. The Trump administration formally filed an appeal on the 8th. If the court approves the suspension of the ruling, three importers who previously sued the government over its tariff policy will again face the 10% global tariff. This 10% global tariff was implemented in February of this year. At that time, after the U.S. Supreme Court rejected most of the tariff measures proposed by the Trump administration for 2025, the government turned to promote a new global tariff policy based on Section 122 of the Trade Act of 1974. Currently, this global tariff measure is set to expire in July unless Congress decides to extend it. (CCTV News)

Trump Administration Requests Court to Suspend Ruling on 10% Global Tariff

On May 12, U.S. President Trump expressed on his social media platform 'Truth Social' on May 11 that he is very much looking forward to his upcoming trip to China, calling China 'an amazing country.' (CCTV News)

[President Trump: Very Much Looking Forward to China Trip]On May 12, U.S. President Trump expressed on his social media platform 'Truth Social' on May 11 that he is very much looking forward to his upcoming trip to China, calling China 'an amazing country.' (CCTV News)

President Trump: Very Much Looking Forward to China Trip

On May 12, according to CME's 'FedWatch': The probability of the Federal Reserve maintaining interest rates unchanged in June is 97.7%, with a cumulative probability of a 25 basis point cut at 2.3%. The probability of the Fed keeping rates unchanged until July is 94.6%, with a cumulative probability of a 25 basis point cut at 5.4% and a cumulative probability of a 50 basis point cut at 0.1%.

[Probability of Fed Keeping Rates Unchanged in June at 97.7%]On May 12, according to CME's 'FedWatch': The probability of the Federal Reserve maintaining interest rates unchanged in June is 97.7%, with a cumulative probability of a 25 basis point cut at 2.3%. The probability of the Fed keeping rates unchanged until July is 94.6%, with a cumulative probability of a 25 basis point cut at 5.4% and a cumulative probability of a 50 basis point cut at 0.1%.

Probability of Fed Keeping Rates Unchanged in June at 97.7%

On May 12, the humanoid robot industry has frequently reported mass production news this year. From Tesla's Optimus Gen-3 rolling off the assembly line at the Fremont factory to the deployment of the U-tree Technology G1 robot at Tokyo's Haneda Airport, humanoid robots are rapidly transitioning from laboratories to factories and everyday scenarios. According to Wind data, the Wind Humanoid Robot Concept Index has risen by 19.54% since April 7. Analysts believe that as leading companies both domestically and internationally clarify their mass production expectations and the domestic supply chain continues to make breakthroughs, the humanoid robot industry has moved from the technology validation phase to a new stage of scaling and commercialization, with core component sectors expected to benefit first.

[The Year of Mass Production for Humanoid Robots Begins: Industry Enters New Phase of Scaling and Commercialization]On May 12, the humanoid robot industry has frequently reported mass production news this year. From Tesla's Optimus Gen-3 rolling off the assembly line at the Fremont factory to the deployment of the U-tree Technology G1 robot at Tokyo's Haneda Airport, humanoid robots are rapidly transitioning from laboratories to factories and everyday scenarios. According to Wind data, the Wind Humanoid Robot Concept Index has risen by 19.54% since April 7. Analysts believe that as leading companies both domestically and internationally clarify their mass production expectations and the domestic supply chain continues to make breakthroughs, the humanoid robot industry has moved from the technology validation phase to a new stage of scaling and commercialization, with core component sectors expected to benefit first.

The Year of Mass Production for Humanoid Robots Begins: Industry Enters New Phase of Scaling and Commercialization

On May 12, CoW DAO announced that its domain registrar was subjected to a social engineering attack on April 14, during which attackers briefly controlled the official domain for approximately 4.5 hours. During this time, users were directed to a phishing website, leading them to sign malicious transactions. The project team emphasized that the CoW Protocol itself was not compromised, but some user assets were affected within that time window. In response to this incident, the CoW DAO community governance proposal CIP-86 has been approved, establishing a discretionary compensation fund to reimburse affected users for their losses. The official reminder states that eligible users must submit their claims by May 14.

[CoW DAO Domain Hijacking Compensation Plan Approved; Affected Users Must Report by May 14]On May 12, CoW DAO announced that its domain registrar was subjected to a social engineering attack on April 14, during which attackers briefly controlled the official domain for approximately 4.5 hours. During this time, users were directed to a phishing website, leading them to sign malicious transactions. The project team emphasized that the CoW Protocol itself was not compromised, but some user assets were affected within that time window. In response to this incident, the CoW DAO community governance proposal CIP-86 has been approved, establishing a discretionary compensation fund to reimburse affected users for their losses. The official reminder states that eligible users must submit their claims by May 14.

CoW DAO Domain Hijacking Compensation Plan Approved; Affected Users Must Report by May 14

WARD fluctuated by 156.54% within 24 hours, current price $0.005252

【WARD fluctuated over 50% in 24 hours!】WARD fluctuated by 156.54% within 24 hours, current price $0.005252

WARD fluctuated over 50% in 24 hours!

On May 12, Monday (May 11), at the New York close (Tuesday 04:59 Beijing time), the offshore renminbi (CNH) was quoted at 6.7919 against the US dollar, an increase of 52 points compared to last Friday's New York close. During the day, it traded within a range of 6.8009 to 6.7899.

[Offshore Renminbi Rises 52 Points Against the US Dollar Compared to Last Friday's New York Close]On May 12, Monday (May 11), at the New York close (Tuesday 04:59 Beijing time), the offshore renminbi (CNH) was quoted at 6.7919 against the US dollar, an increase of 52 points compared to last Friday's New York close. During the day, it traded within a range of 6.8009 to 6.7899.

Offshore Renminbi Rises 52 Points Against the US Dollar Compared to Last Friday's New York Close

According to Forkast, the South Korean National Assembly Research Service (NARS) asserted a 20% tax on cryptocurrency gains set for 2023 must maintain a 2.5 million won (US$1,942.20) threshold, contradicting new president Yoon Suk-yeol’s initiative to raise the limit to 50 million won. Digital asset gains need to be classified as a financial investment income and allow deduction of loss carryover, according to the NARS Current Issues and Analysis report. The report also upheld that the crypto tax start date of Jan. 1, 2023 should no longer be delayed to 2025 as the nation’s deputy prime and finance minister nominee Choo Kyung-ho suggested in early May.

Detail

【S.Korean president’s plan to raise crypto tax threshold hits road bump】According to Forkast, the South Korean National Assembly Research Service (NARS) asserted a 20% tax on cryptocurrency gains set for 2023 must maintain a 2.5 million won (US$1,942.20) threshold, contradicting new president Yoon Suk-yeol’s initiative to raise the limit to 50 million won. Digital asset gains need to be classified as a financial investment income and allow deduction of loss carryover, according to the NARS Current Issues and Analysis report. The report also upheld that the crypto tax start date of Jan. 1, 2023 should no longer be delayed to 2025 as the nation’s deputy prime and finance minister nominee Choo Kyung-ho suggested in early May.

S.Korean president’s plan to raise crypto tax threshold hits road bump

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Whale Goes Long on Micron Technology, Floating Profit Reaches $4.5 Million

S.Korean president’s plan to raise crypto tax threshold hits road bump

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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