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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

On May 12, the U.S. Navy's Sixth Fleet announced that an Ohio-class nuclear submarine arrived at Gibraltar, located at the western end of the Mediterranean Sea, on May 10 for a visit. The statement emphasized that the visit aims to "demonstrate America's capabilities, flexibility, and ongoing commitment to NATO allies." It also specifically mentioned that the Ohio-class submarine "is an undetectable platform for launching submarine-launched ballistic missiles, with the highest survivability among the U.S. triad nuclear forces." (Xinhua News Agency)

[US Nuclear Submarine Arrives at Gibraltar in the Mediterranean]On May 12, the U.S. Navy's Sixth Fleet announced that an Ohio-class nuclear submarine arrived at Gibraltar, located at the western end of the Mediterranean Sea, on May 10 for a visit. The statement emphasized that the visit aims to "demonstrate America's capabilities, flexibility, and ongoing commitment to NATO allies." It also specifically mentioned that the Ohio-class submarine "is an undetectable platform for launching submarine-launched ballistic missiles, with the highest survivability among the U.S. triad nuclear forces." (Xinhua News Agency)

US Nuclear Submarine Arrives at Gibraltar in the Mediterranean

On May 12, GoPlus Security tweeted that two more attack incidents occurred within the past 36 hours, resulting in a total loss of $238,000. Among them, Unihax0r suffered a loss of $200,000, having previously uploaded trading bot and Telegram-related materials. The stolen address of Eli5DeFi is linked to a previous large-scale mysterious private key leak involving 574 addresses.

[Two Hacking Incidents in 36 Hours Resulting in Total Loss of Approximately $238,000]On May 12, GoPlus Security tweeted that two more attack incidents occurred within the past 36 hours, resulting in a total loss of $238,000. Among them, Unihax0r suffered a loss of $200,000, having previously uploaded trading bot and Telegram-related materials. The stolen address of Eli5DeFi is linked to a previous large-scale mysterious private key leak involving 574 addresses.

Two Hacking Incidents in 36 Hours Resulting in Total Loss of Approximately $238,000

Bitcoin Fear and Greed Index is 49. Neutral.
Current Price: $81227.29.

[Bitcoin Fear and Greed Index is 49]Bitcoin Fear and Greed Index is 49. Neutral.
Current Price: $81227.29.

Bitcoin Fear and Greed Index is 49

On May 12, GoPlus Security tweeted that two more attack incidents occurred within the past 36 hours, resulting in a total loss of $238,000. Among these, Unihax0r suffered a loss of $200,000, having previously uploaded materials related to trading bots and Telegram. The stolen address of Eli5DeFi is linked to a previous large-scale mysterious private key leak involving 574 addresses.

[Two Hacker Incidents in 36 Hours Resulting in Total Loss of Approximately $238,000]On May 12, GoPlus Security tweeted that two more attack incidents occurred within the past 36 hours, resulting in a total loss of $238,000. Among these, Unihax0r suffered a loss of $200,000, having previously uploaded materials related to trading bots and Telegram. The stolen address of Eli5DeFi is linked to a previous large-scale mysterious private key leak involving 574 addresses.

Two Hacker Incidents in 36 Hours Resulting in Total Loss of Approximately $238,000

On May 12, it was reported that the market value of semiconductor stocks now accounts for a record 23% of the total market value of the S&P 500, which is double the percentage from two years ago.

[Semiconductor Stocks Reach Record 23% of S&P 500 Market Value]On May 12, it was reported that the market value of semiconductor stocks now accounts for a record 23% of the total market value of the S&P 500, which is double the percentage from two years ago.

Semiconductor Stocks Reach Record 23% of S&P 500 Market Value

On May 12, according to monitoring by Onchain Lens, a BIT-related address sold its last 99,612 HYPE. Recently, they have sold a total of 403,290 HYPE at an average price of $41.86.

[BIT-Related Address Sells Final 99,612 HYPE]On May 12, according to monitoring by Onchain Lens, a BIT-related address sold its last 99,612 HYPE. Recently, they have sold a total of 403,290 HYPE at an average price of $41.86.

BIT-Related Address Sells Final 99,612 HYPE

On May 12, ZachXBT posted on platform X revealing that crypto KOL and former Fortnite professional player Yelo has been charged with money laundering for facilitating the laundering of funds for threat actors through his luxury car rental business in Miami, facing a maximum sentence of 30 years in prison.

[ZachXBT: Crypto KOL Yelo Charged with Money Laundering, Facing Up to 30 Years in Prison]On May 12, ZachXBT posted on platform X revealing that crypto KOL and former Fortnite professional player Yelo has been charged with money laundering for facilitating the laundering of funds for threat actors through his luxury car rental business in Miami, facing a maximum sentence of 30 years in prison.

ZachXBT: Crypto KOL Yelo Charged with Money Laundering, Facing Up to 30 Years in Prison

Rabobank said it had further raised its forecast for a Fed rate hike. For this interest rate decision, the bank's basic expectation is that the Fed will raise interest rates by 75 basis points, otherwise the possibility of raising interest rates by 100 basis points is greater than 50 basis points. Next year, the upper end of the Fed's target range for interest rates is expected to hit 5.00%, instead of the 4.50% previously forecast. This expectation is higher than the market consensus mainly because the wage-price spiral has begun, which will keep inflation going. Given that the Fed clearly prioritizes price stability over full employment, this will push the FOMC to raise rates further. The Fed’s target range for interest rates is expected to peak at 5.00% next year, with no shift expected until 2024.

Detail

【Fed's interest rate peak may reach 5%, Dutch Rabobank says】Rabobank said it had further raised its forecast for a Fed rate hike. For this interest rate decision, the bank's basic expectation is that the Fed will raise interest rates by 75 basis points, otherwise the possibility of raising interest rates by 100 basis points is greater than 50 basis points. Next year, the upper end of the Fed's target range for interest rates is expected to hit 5.00%, instead of the 4.50% previously forecast. This expectation is higher than the market consensus mainly because the wage-price spiral has begun, which will keep inflation going. Given that the Fed clearly prioritizes price stability over full employment, this will push the FOMC to raise rates further. The Fed’s target range for interest rates is expected to peak at 5.00% next year, with no shift expected until 2024.

Fed's interest rate peak may reach 5%, Dutch Rabobank says

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

Fed's interest rate peak may reach 5%, Dutch Rabobank says

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

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