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On May 12, UBS stated that it maintains its year-end predictions for gold and silver prices, expecting them to reach $5,600 and $100 per ounce, respectively, as the fundamental factors supporting precious metals remain intact. It noted that since the outbreak of the Iran war, gold prices have been under pressure, but rising inflation and the Federal Reserve's decision to keep interest rates unchanged have compressed real interest rates, which will support gold. The buying of gold by retail and institutional investors indicates that the theme of 'diversification' remains very solid. Global central banks are 'unlikely' to stop purchasing gold and are also unlikely to sell gold directly.

[UBS Still Expects Gold Prices to Reach $5,600 per Ounce by Year-End, Silver to Hit $100]On May 12, UBS stated that it maintains its year-end predictions for gold and silver prices, expecting them to reach $5,600 and $100 per ounce, respectively, as the fundamental factors supporting precious metals remain intact. It noted that since the outbreak of the Iran war, gold prices have been under pressure, but rising inflation and the Federal Reserve's decision to keep interest rates unchanged have compressed real interest rates, which will support gold. The buying of gold by retail and institutional investors indicates that the theme of 'diversification' remains very solid. Global central banks are 'unlikely' to stop purchasing gold and are also unlikely to sell gold directly.

UBS Still Expects Gold Prices to Reach $5,600 per Ounce by Year-End, Silver to Hit $100

On May 12, the Ethereum Foundation unstaked 21,271 ETH from Lido, causing panic in the market. Arkham published an analysis stating that the Foundation's move may be due to concerns over the security of third-party protocols. Additionally, the Foundation has recently sold ETH multiple times, indicating a need for treasury rebalancing, which typically does not lead to immediate sell-offs.

[Arkham: Ethereum Foundation's Large ETH Unstaking May Not Cause Short-Term Selling Pressure]On May 12, the Ethereum Foundation unstaked 21,271 ETH from Lido, causing panic in the market. Arkham published an analysis stating that the Foundation's move may be due to concerns over the security of third-party protocols. Additionally, the Foundation has recently sold ETH multiple times, indicating a need for treasury rebalancing, which typically does not lead to immediate sell-offs.

Arkham: Ethereum Foundation's Large ETH Unstaking May Not Cause Short-Term Selling Pressure

On May 12, according to The Wall Street Journal, as OpenAI prepares to launch its initial public offering (IPO), CEO Sam Altman's personal investment activities are under increasing scrutiny from U.S. Republicans. The House Oversight Committee has initiated an investigation into potential conflicts of interest, with several Republican state attorneys general also calling for the U.S. Securities and Exchange Commission to review the matter. This series of actions stems from an April report that claimed Altman had pushed OpenAI to support companies in which he had personal investments. Simultaneously, this aligns with a lawsuit filed by Elon Musk, who accused Altman and OpenAI of inducing him to invest tens of millions of dollars to co-found a nonprofit organization, only for that AI lab to later transform into a for-profit entity. According to documents released by the House Oversight Committee on its official website, the committee sent a letter to Altman last Friday, requesting that OpenAI's leadership provide an explanation regarding potential conflicts of interest and submit relevant documents on corporate governance practices.

[OpenAI's CEO Altman Faces Scrutiny Amid IPO Preparations]On May 12, according to The Wall Street Journal, as OpenAI prepares to launch its initial public offering (IPO), CEO Sam Altman's personal investment activities are under increasing scrutiny from U.S. Republicans. The House Oversight Committee has initiated an investigation into potential conflicts of interest, with several Republican state attorneys general also calling for the U.S. Securities and Exchange Commission to review the matter. This series of actions stems from an April report that claimed Altman had pushed OpenAI to support companies in which he had personal investments. Simultaneously, this aligns with a lawsuit filed by Elon Musk, who accused Altman and OpenAI of inducing him to invest tens of millions of dollars to co-found a nonprofit organization, only for that AI lab to later transform into a for-profit entity. According to documents released by the House Oversight Committee on its official website, the committee sent a letter to Altman last Friday, requesting that OpenAI's leadership provide an explanation regarding potential conflicts of interest and submit relevant documents on corporate governance practices.

OpenAI's CEO Altman Faces Scrutiny Amid IPO Preparations

According to monitoring by Beating, OpenAI today launched a native developer plugin (OpenAI Developers plugin) for its official code intelligence agent, Codex. This is an extension tool specifically designed to connect Codex with the OpenAI API backend platform, allowing developers to directly complete interface authentication and error troubleshooting while coding. This update includes three core mechanisms: - Automated API Key Management: When developers build applications that require calling the OpenAI API, Codex can directly generate, save, and connect the API Key within the user's default organization and default project. Developers do not need to switch back to the web console to manually issue keys. - Targeted Interface Error Diagnosis: If an application encounters API call failures during runtime, the plugin will automatically capture and diagnose common errors, explaining the reasons directly within the code context and providing suggestions for the next steps. - Integration with Official Documentation: The plugin will work in conjunction with the OpenAI Docs Skill bundled with Codex installation, ensuring that it uses the latest official documentation standards when handling interface authentication and parameter configuration. By embedding its own platform authentication features directly into its code intelligence agent, OpenAI further shortens the physical path for developers from writing code to successfully running large model interfaces.

[OpenAI Launches Official Developer Plugin for Codex: Automated API Key Management and Direct Error Diagnosis]According to monitoring by Beating, OpenAI today launched a native developer plugin (OpenAI Developers plugin) for its official code intelligence agent, Codex. This is an extension tool specifically designed to connect Codex with the OpenAI API backend platform, allowing developers to directly complete interface authentication and error troubleshooting while coding. This update includes three core mechanisms: - Automated API Key Management: When developers build applications that require calling the OpenAI API, Codex can directly generate, save, and connect the API Key within the user's default organization and default project. Developers do not need to switch back to the web console to manually issue keys. - Targeted Interface Error Diagnosis: If an application encounters API call failures during runtime, the plugin will automatically capture and diagnose common errors, explaining the reasons directly within the code context and providing suggestions for the next steps. - Integration with Official Documentation: The plugin will work in conjunction with the OpenAI Docs Skill bundled with Codex installation, ensuring that it uses the latest official documentation standards when handling interface authentication and parameter configuration. By embedding its own platform authentication features directly into its code intelligence agent, OpenAI further shortens the physical path for developers from writing code to successfully running large model interfaces.

OpenAI Launches Official Developer Plugin for Codex: Automated API Key Management and Direct Error Diagnosis

According to the Financial Times, foreign investors have withdrawn a record amount of capital from India.

[Foreign Investors Withdraw Record Amounts from India]According to the Financial Times, foreign investors have withdrawn a record amount of capital from India.

Foreign Investors Withdraw Record Amounts from India

On May 12, according to monitoring by Trader T, the US spot Ethereum ETF experienced a net outflow of $16.85 million yesterday.

[US Spot Ethereum ETF Sees Net Outflow of $16.85 Million]On May 12, according to monitoring by Trader T, the US spot Ethereum ETF experienced a net outflow of $16.85 million yesterday.

US Spot Ethereum ETF Sees Net Outflow of $16.85 Million

On May 12, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net inflow of $27.25 million yesterday.

[US Spot Bitcoin ETF Sees Net Inflow of $27.25 Million Yesterday]On May 12, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net inflow of $27.25 million yesterday.

US Spot Bitcoin ETF Sees Net Inflow of $27.25 Million Yesterday

On May 12, the Elon Musk vs. OpenAI case saw two key witnesses appear in court on May 11: Microsoft CEO Satya Nadella and OpenAI co-founder Ilya Sutskever. Nadella emphasized in court that Musk had never raised any objections to him regarding whether Microsoft's investment in OpenAI violated any specific terms or related commitments. In 2024, Musk filed a lawsuit against OpenAI, its CEO Sam Altman, and President Greg Brockman, accusing them of abandoning their initial nonprofit commitments and turning to commercialization for profit under the guise of a charitable organization, thus breaching their fiduciary duties. Microsoft is also named as a defendant in the case. Musk alleges that Microsoft has assisted and enabled OpenAI's actions that allegedly violate the purpose of the charitable trust. Since 2019, Microsoft has been a major investor in OpenAI, and in 2023, it made a significant investment of up to $10 billion in OpenAI. Musk believes that this $10 billion investment was a critical turning point that led him to conclude that OpenAI is straying from its nonprofit mission.

[New Developments in Musk vs. OpenAI Case: Microsoft CEO Nadella States Musk Never Questioned Microsoft's Investment]On May 12, the Elon Musk vs. OpenAI case saw two key witnesses appear in court on May 11: Microsoft CEO Satya Nadella and OpenAI co-founder Ilya Sutskever. Nadella emphasized in court that Musk had never raised any objections to him regarding whether Microsoft's investment in OpenAI violated any specific terms or related commitments. In 2024, Musk filed a lawsuit against OpenAI, its CEO Sam Altman, and President Greg Brockman, accusing them of abandoning their initial nonprofit commitments and turning to commercialization for profit under the guise of a charitable organization, thus breaching their fiduciary duties. Microsoft is also named as a defendant in the case. Musk alleges that Microsoft has assisted and enabled OpenAI's actions that allegedly violate the purpose of the charitable trust. Since 2019, Microsoft has been a major investor in OpenAI, and in 2023, it made a significant investment of up to $10 billion in OpenAI. Musk believes that this $10 billion investment was a critical turning point that led him to conclude that OpenAI is straying from its nonprofit mission.

New Developments in Musk vs. OpenAI Case: Microsoft CEO Nadella States Musk Never Questioned Microsoft's Investment

On May 12, it was reported that Musk's artificial intelligence model Grok is significantly lagging behind rapidly growing competitors. A large-scale computing power leasing agreement between its parent company SpaceX and Anthropic has raised questions about whether Grok still has a chance to catch up with industry leaders. Since its launch two years ago, Grok has attracted millions of users with its integration with Musk's social platform X and controversial features like 'AI companions.' However, the latest data indicates that its growth momentum seems to have stagnated. According to analysis from AppMagic, Grok's downloads in April this year have dropped to around 8.3 million, down from over 20 million in January. A survey conducted by research firm Recon Analytics among over 260,000 AI users and professionals in the US shows that the percentage of respondents willing to pay for Grok remained almost unchanged at just 0.174% in the second quarter of 2026, compared to 0.173% a year ago. In contrast, over 6% of respondents reported having paid for ChatGPT.

[US Media: Musk's Grok is Falling Behind in the AI Race]On May 12, it was reported that Musk's artificial intelligence model Grok is significantly lagging behind rapidly growing competitors. A large-scale computing power leasing agreement between its parent company SpaceX and Anthropic has raised questions about whether Grok still has a chance to catch up with industry leaders. Since its launch two years ago, Grok has attracted millions of users with its integration with Musk's social platform X and controversial features like 'AI companions.' However, the latest data indicates that its growth momentum seems to have stagnated. According to analysis from AppMagic, Grok's downloads in April this year have dropped to around 8.3 million, down from over 20 million in January. A survey conducted by research firm Recon Analytics among over 260,000 AI users and professionals in the US shows that the percentage of respondents willing to pay for Grok remained almost unchanged at just 0.174% in the second quarter of 2026, compared to 0.173% a year ago. In contrast, over 6% of respondents reported having paid for ChatGPT.

US Media: Musk's Grok is Falling Behind in the AI Race

BTC is currently trading at 22618.81 USDT on Huobi Global, with a 24h increase of -1.36%.
1. The total value of the global digital currency market is about $1103.66 B (-0.91 %), and the 24h trading volume is $84.06 B (-22.08 %).
2. The prices of the major Altcoins are as follows: 
ETH 1596.79 USDT (-1.55%), HT 4.365 USDT (-0.37%), XRP 0.36993 USDT (0.05%), LTC 59.37 USDT (2.17%), DOT 8.0559 USDT (-0.68%). 
3. In 24h,the top 3 gainers are:
HC（+32.33 %）、RANKER（+15.56 %）、LOVE（+14.33 %）; 
the top 3 losers are:
EGAME（-18.57 %）、SHIT（-15.15 %）、UNB（-11.59 %）. 
(Note: All rises and falls are calculated in 24h time format)
Go to Huobi Global and click 'Markets' to learn more about market information.

[Huobi Global Markets]BTC is currently trading at 22618.81 USDT on Huobi Global, with a 24h increase of -1.36%.
1. The total value of the global digital currency market is about $1103.66 B (-0.91 %), and the 24h trading volume is $84.06 B (-22.08 %).
2. The prices of the major Altcoins are as follows: 
ETH 1596.79 USDT (-1.55%), HT 4.365 USDT (-0.37%), XRP 0.36993 USDT (0.05%), LTC 59.37 USDT (2.17%), DOT 8.0559 USDT (-0.68%). 
3. In 24h,the top 3 gainers are:
HC（+32.33 %）、RANKER（+15.56 %）、LOVE（+14.33 %）; 
the top 3 losers are:
EGAME（-18.57 %）、SHIT（-15.15 %）、UNB（-11.59 %）. 
(Note: All rises and falls are calculated in 24h time format)
Go to Huobi Global and click 'Markets' to learn more about market information.

Huobi Global Markets

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

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