● Global Market Risk Appetite Rises, Gold Price Targets Adjusted
According to Jin Shi Data, the global market risk appetite has risen, and expectations for Fed rate cuts have weakened, leading well-known institutions to adjust gold price targets downward. The institution stated that demand for gold in the second quarter will decline significantly.
● S&P 500 Index Breaks Above 200-Day Moving Average
According to BlockBeats, on May 12, the S&P 500 Index broke above the 200-day moving average for the first time since March 26.
Binance CEO Richard Teng stated on X (formerly Twitter), 'Against the backdrop of global economic uncertainty, Bitcoin remains the flagship crypto asset and a resilient store of value. With the adoption of institutional investors, Bitcoin is expected to play a more important role as a hedge tool and digital gold in diversified portfolios.'
● Strategy Accumulates 13,390 BTC at an Average Price of $99,856
According to Odaily Planet Daily, Strategy (formerly MicroStrategy) accumulated 13,390 BTC at an average price of $99,856 between May 5 and May 11, with a total value of approximately $1.34 billion.
● Bitcoin Magazine CEO's Nakamoto Raises $710 Million to Establish Bitcoin Treasury
According to Shen Chao TechFlow, on May 12, Bitcoin Magazine reported that its CEO David Bailey and his holding company Nakamoto raised $710 million and announced a merger with healthcare data company KindlyMD to establish a Bitcoin treasury.
● Amber International Launches $100 Million Crypto Ecosystem Reserve Program
According to Odaily Planet Daily, Amber International announced the launch of a $100 million crypto ecosystem reserve program aimed at accelerating institutional investor adoption of digital assets. The strategy is supported by an AI-driven management mechanism, with initial allocations covering mainstream tokens such as BTC, ETH, BNB, SOL, SUI, XRP, etc., while retaining flexibility to invest in stablecoins like USD1. The company has initiated the first round of deployment through investment in DeFi Development Corp. and partnership to establish the BNB fund.
● BlackRock Submits Physical Redemption Application for Ethereum ETF
According to Odaily Planet Daily, market news indicates that BlackRock has applied to provide physical redemption for its Ethereum fund, allowing it to directly repurchase ETH.
● Federal Reserve Governor Cook: Supports Keeping Interest Rates at Current Restrictive Levels
According to Shen Chao TechFlow, on May 12, Federal Reserve Governor Cook stated that the Fed is closely monitoring changes in trade policy and their impact on productivity and economic outlook. Maintaining stable long-term inflation expectations is crucial. Uncertainty in tariffs has affected the economy, and the progress of inflation decline has slowed. The labor market remains fundamentally stable, making it difficult to assess the basic growth situation of the economy. Changes in trade policy may lead to rising prices and slower economic growth.
Cook supports keeping interest rates at current restrictive levels, positioning the Fed favorably to respond to changes in the macroeconomic outlook.
