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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

On May 12, BlackRock CEO Larry Fink expressed optimism about investing in Venezuela, stating, "In fact, I hold a rather optimistic view on the opportunities for investment in Venezuela." Fink made these remarks during a panel discussion in New York, noting that this oil-rich country is expected to return to its "former glory." He added, "We are beginning to see more hope in the region," and highlighted that the surge in demand for artificial intelligence (AI) infrastructure could benefit economies rich in solar and hydrocarbon resources. "The pace of demand growth is outstripping supply, which could present a thriving opportunity for Brazil and many other countries."

[BlackRock Optimistic About Investment Opportunities in Venezuela]On May 12, BlackRock CEO Larry Fink expressed optimism about investing in Venezuela, stating, "In fact, I hold a rather optimistic view on the opportunities for investment in Venezuela." Fink made these remarks during a panel discussion in New York, noting that this oil-rich country is expected to return to its "former glory." He added, "We are beginning to see more hope in the region," and highlighted that the surge in demand for artificial intelligence (AI) infrastructure could benefit economies rich in solar and hydrocarbon resources. "The pace of demand growth is outstripping supply, which could present a thriving opportunity for Brazil and many other countries."

BlackRock Optimistic About Investment Opportunities in Venezuela

On May 12, it was reported that on Monday (May 11), the usage of the Federal Reserve's overnight reverse repurchase agreement (RRP) was $1.133 billion.

[Federal Reserve Overnight Reverse Repo Usage at $1.133 Billion]On May 12, it was reported that on Monday (May 11), the usage of the Federal Reserve's overnight reverse repurchase agreement (RRP) was $1.133 billion.

Federal Reserve Overnight Reverse Repo Usage at $1.133 Billion

E-commerce platform Shopify is giving e-store merchants a new way to connect with loyal customers through non-fungible tokens (NFTs). 
Shopify customers can now connect their crypto wallets to stores on the platform to validate they own specific NFTs. This activation will then give them access to things pre-sales for drops, experiences in real life and exclusive content or merchandise. The company calls this 'tokengated' commerce. 
The feature was already being tested in beta-mode, by invitation only, to a select group of merchants with an NFT collection, but is now available to all merchants anywhere in the world.

Detail

【Shopify allows merchants to add utility to NFTs】E-commerce platform Shopify is giving e-store merchants a new way to connect with loyal customers through non-fungible tokens (NFTs). 
Shopify customers can now connect their crypto wallets to stores on the platform to validate they own specific NFTs. This activation will then give them access to things pre-sales for drops, experiences in real life and exclusive content or merchandise. The company calls this 'tokengated' commerce. 
The feature was already being tested in beta-mode, by invitation only, to a select group of merchants with an NFT collection, but is now available to all merchants anywhere in the world.

Shopify allows merchants to add utility to NFTs

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Shopify allows merchants to add utility to NFTs

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

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