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On May 12, according to official news, Huobi HTX will launch the "Pizza Festival × Huobi HTX Points Competition III" from May 14 at 18:00 to May 24 at 18:00 (UTC+8). During the event, users can earn "Pizza" points by participating in spot and contract trading tasks, which can be exchanged for fine wines worth a total of 7,000 USDT. Prizes include the 50-Year Rare Edition of Feitian Moutai (valued at 3,000 USDT), Louis XIII, Yamazaki 18 Year, Macallan 18 Year, and more.

[Huobi HTX to Launch Pizza Festival Points Competition III with $7,000 in Fine Wine Rewards]On May 12, according to official news, Huobi HTX will launch the "Pizza Festival × Huobi HTX Points Competition III" from May 14 at 18:00 to May 24 at 18:00 (UTC+8). During the event, users can earn "Pizza" points by participating in spot and contract trading tasks, which can be exchanged for fine wines worth a total of 7,000 USDT. Prizes include the 50-Year Rare Edition of Feitian Moutai (valued at 3,000 USDT), Louis XIII, Yamazaki 18 Year, Macallan 18 Year, and more.

Huobi HTX to Launch Pizza Festival Points Competition III with $7,000 in Fine Wine Rewards

On May 12, U.S. President Donald Trump reiterated his desire to visit the Fort Knox gold vault in Kentucky to confirm whether there is still gold stored there. Trump had previously expressed skepticism, stating that 'some people' might have stolen the gold. Currently, neither the White House nor Fort Knox has responded to Trump's remarks, and it is unclear if a visit has been arranged. The Fort Knox vault, established in 1936, holds approximately 147 million ounces of gold, which accounts for 56% of the U.S. official gold reserves.

The Federal Reserve Board had previously released a research brief titled 'Official Reserve Revaluations: The International Experience' in August 2025, exploring how governments can generate disposable cash by revaluing the accounting value of gold at 'market prices' without actually selling it. The report explicitly compared the recorded value of the 261.5 million ounces of gold held by the U.S. Treasury, which is based on the statutory price of $42.22 per ounce set in 1973 (totaling about $11 billion). If revalued at the current gold price (approximately $4,700 per ounce), the total reserve of 261.5 million ounces would yield over $1.2 trillion in accounting gains, seen as the 'ultimate weapon' for restoring dollar credibility amid the debt crisis.

Several macro-strategic analysts in the U.S. have long advocated this viewpoint, believing that revaluing gold is a last resort for the U.S. to instantly reduce its debt ratio and inject liquidity into the system in the face of unsustainable debt pressures. In 2025, U.S. Treasury Secretary Becerra publicly mentioned the need to 'mobilize the asset side of the U.S. balance sheet,' although he later expressed caution regarding an immediate revaluation of gold. However, this was interpreted by the market as a signal of a policy shift. (Dongxin News Agency)

[Trump Revives Call to Inspect Fort Knox, Reassessing Gold as 'Ultimate Weapon' for Dollar Credibility Amid Debt Crisis]On May 12, U.S. President Donald Trump reiterated his desire to visit the Fort Knox gold vault in Kentucky to confirm whether there is still gold stored there. Trump had previously expressed skepticism, stating that 'some people' might have stolen the gold. Currently, neither the White House nor Fort Knox has responded to Trump's remarks, and it is unclear if a visit has been arranged. The Fort Knox vault, established in 1936, holds approximately 147 million ounces of gold, which accounts for 56% of the U.S. official gold reserves.

The Federal Reserve Board had previously released a research brief titled 'Official Reserve Revaluations: The International Experience' in August 2025, exploring how governments can generate disposable cash by revaluing the accounting value of gold at 'market prices' without actually selling it. The report explicitly compared the recorded value of the 261.5 million ounces of gold held by the U.S. Treasury, which is based on the statutory price of $42.22 per ounce set in 1973 (totaling about $11 billion). If revalued at the current gold price (approximately $4,700 per ounce), the total reserve of 261.5 million ounces would yield over $1.2 trillion in accounting gains, seen as the 'ultimate weapon' for restoring dollar credibility amid the debt crisis.

Several macro-strategic analysts in the U.S. have long advocated this viewpoint, believing that revaluing gold is a last resort for the U.S. to instantly reduce its debt ratio and inject liquidity into the system in the face of unsustainable debt pressures. In 2025, U.S. Treasury Secretary Becerra publicly mentioned the need to 'mobilize the asset side of the U.S. balance sheet,' although he later expressed caution regarding an immediate revaluation of gold. However, this was interpreted by the market as a signal of a policy shift. (Dongxin News Agency)

Trump Revives Call to Inspect Fort Knox, Reassessing Gold as 'Ultimate Weapon' for Dollar Credibility Amid Debt Crisis

On May 12, Rezaei, spokesperson for the Iranian Parliament's National Security Committee, stated that if the United States launches new attacks, Tehran may enrich uranium to 90%. The parliament will discuss this option.

[Iran: Tehran May Enrich Uranium to 90% if the U.S. Launches New Attacks]On May 12, Rezaei, spokesperson for the Iranian Parliament's National Security Committee, stated that if the United States launches new attacks, Tehran may enrich uranium to 90%. The parliament will discuss this option.

Iran: Tehran May Enrich Uranium to 90% if the U.S. Launches New Attacks

On May 12, the South Korean stock market opened high but closed lower, with the KOSPI index dropping 2.28% to 7644.03 points on Tuesday. The KOSPI index briefly approached 8000 points during the session before falling sharply. Major stocks such as SK Hynix fell by 2.4%, and Samsung Electronics dropped by 2.3%. In news, the Financial Supervisory Service of South Korea recently expressed concerns over signs of overheating in the stock market and the expansion of margin trading balances, emphasizing the need to be cautious about excessive leveraged investments. Additionally, the head of the policy office at the South Korean presidential office suggested that the government should consider using tax revenues from excess profits generated by AI to provide 'dividends' to all citizens.

[KOSPI Index Opens High but Closes Down 2.28%]On May 12, the South Korean stock market opened high but closed lower, with the KOSPI index dropping 2.28% to 7644.03 points on Tuesday. The KOSPI index briefly approached 8000 points during the session before falling sharply. Major stocks such as SK Hynix fell by 2.4%, and Samsung Electronics dropped by 2.3%. In news, the Financial Supervisory Service of South Korea recently expressed concerns over signs of overheating in the stock market and the expansion of margin trading balances, emphasizing the need to be cautious about excessive leveraged investments. Additionally, the head of the policy office at the South Korean presidential office suggested that the government should consider using tax revenues from excess profits generated by AI to provide 'dividends' to all citizens.

KOSPI Index Opens High but Closes Down 2.28%

On May 12, current pricing in the money market indicates that the European Central Bank is expected to raise interest rates three times this year. (Jin Shi)

[Current Pricing in the Money Market Indicates ECB Expected to Raise Rates Three Times This Year]On May 12, current pricing in the money market indicates that the European Central Bank is expected to raise interest rates three times this year. (Jin Shi)

Current Pricing in the Money Market Indicates ECB Expected to Raise Rates Three Times This Year

On May 12, gold prices fell on Tuesday as the market weighed developments in the Middle East and interest rate expectations ahead of key US inflation data. Spot gold dropped below $4,700 per ounce, down 0.74% for the day. Hopes for a peace agreement between the US and Iran have gradually faded as Iran rejected a US proposal to end the conflict and insisted on a list of demands described as 'garbage' by President Trump. Ilya Spivak, Head of Global Macro Research at Tastylive, stated, 'We have seen many central bank policy expectations shift to a more hawkish stance, which for the Federal Reserve means that the possibility of any rate cuts this year has disappeared.' He added, 'We are closely monitoring the potential impact of the US CPI data and whether there is stronger inflation momentum than expected.' Rising crude oil prices could push inflation higher, thereby increasing the likelihood of interest rate hikes.

[Gold Prices Decline as Market Assesses Middle East Situation and Awaits US Inflation Data]On May 12, gold prices fell on Tuesday as the market weighed developments in the Middle East and interest rate expectations ahead of key US inflation data. Spot gold dropped below $4,700 per ounce, down 0.74% for the day. Hopes for a peace agreement between the US and Iran have gradually faded as Iran rejected a US proposal to end the conflict and insisted on a list of demands described as 'garbage' by President Trump. Ilya Spivak, Head of Global Macro Research at Tastylive, stated, 'We have seen many central bank policy expectations shift to a more hawkish stance, which for the Federal Reserve means that the possibility of any rate cuts this year has disappeared.' He added, 'We are closely monitoring the potential impact of the US CPI data and whether there is stronger inflation momentum than expected.' Rising crude oil prices could push inflation higher, thereby increasing the likelihood of interest rate hikes.

Gold Prices Decline as Market Assesses Middle East Situation and Awaits US Inflation Data

On May 12, news emerged that the UK-listed company The Smarter Web Company announced an additional purchase of 25 bitcoins as part of its 'Decade Plan'. The company's total bitcoin holdings have now reached 2,830.

[The Smarter Web Company Increases Bitcoin Holdings by 25, Total Holdings Reach 2,830]On May 12, news emerged that the UK-listed company The Smarter Web Company announced an additional purchase of 25 bitcoins as part of its 'Decade Plan'. The company's total bitcoin holdings have now reached 2,830.

The Smarter Web Company Increases Bitcoin Holdings by 25, Total Holdings Reach 2,830

On May 12, Kim Yong-beom, the head of the presidential policy office, stated that the government should utilize taxes collected from AI profits to pay 'dividends' to citizens. Following this announcement, South Korea's Kospi index plunged by 5.1% at one point, but the decline moderated after Kim clarified that he intended to use 'excess tax revenue' generated from AI prosperity, rather than impose a new windfall tax on corporate profits. Shares of Samsung and SK Hynix initially fell but later recovered most of their losses. Jung In Yun, CEO of Fibonacci Global Asset Management, commented that Kim's remarks 'indicate that the South Korean government increasingly views AI as a national infrastructure, rather than just another technological trend. This is positive for South Korea's AI supply, particularly for companies related to semiconductors, power equipment, and domestic AI platforms.'

[South Korean Presidential Policy Chief Proposes AI Tax to Distribute Funds to Citizens, Causing Temporary Stock Market Drop]On May 12, Kim Yong-beom, the head of the presidential policy office, stated that the government should utilize taxes collected from AI profits to pay 'dividends' to citizens. Following this announcement, South Korea's Kospi index plunged by 5.1% at one point, but the decline moderated after Kim clarified that he intended to use 'excess tax revenue' generated from AI prosperity, rather than impose a new windfall tax on corporate profits. Shares of Samsung and SK Hynix initially fell but later recovered most of their losses. Jung In Yun, CEO of Fibonacci Global Asset Management, commented that Kim's remarks 'indicate that the South Korean government increasingly views AI as a national infrastructure, rather than just another technological trend. This is positive for South Korea's AI supply, particularly for companies related to semiconductors, power equipment, and domestic AI platforms.'

South Korean Presidential Policy Chief Proposes AI Tax to Distribute Funds to Citizens, Causing Temporary Stock Market Drop

On May 12, it was reported that the USD/JPY exchange rate experienced a short-term drop of nearly 100 points, reaching a low of 156.75, with the latest quote at 157.06. (Jin Shi)

[USD/JPY Drops Nearly 100 Points in Short-Term]On May 12, it was reported that the USD/JPY exchange rate experienced a short-term drop of nearly 100 points, reaching a low of 156.75, with the latest quote at 157.06. (Jin Shi)

USD/JPY Drops Nearly 100 Points in Short-Term

Cardano's development team, Input Output, has published an article on Kachina, a privacy-preserving smart contract solution developed in collaboration with the University of Edinburgh, which uses ZK Snarks to enable users to implement privacy protection and general smart contract functionality without sacrificing decentralisation. However, Kachina demonstrates the possibility of creating privacy-preserving smart contracts within the constraints of real life.

Detail

【Input Output posts about Kachina, a privacy-preserving smart contract solution】Cardano's development team, Input Output, has published an article on Kachina, a privacy-preserving smart contract solution developed in collaboration with the University of Edinburgh, which uses ZK Snarks to enable users to implement privacy protection and general smart contract functionality without sacrificing decentralisation. However, Kachina demonstrates the possibility of creating privacy-preserving smart contracts within the constraints of real life.

Input Output posts about Kachina, a privacy-preserving smart contract solution

Top Ethereum Holder Makes Bold Move Says ETH Is Close to Generational Run, Here’s When

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Article

OSMO Current Price at $0.0886, 24-Hour Increase of 68.32%

Input Output posts about Kachina, a privacy-preserving smart contract solution

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

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