News

According to Golden Ten Data on May 12, despite continued wage growth, household spending in Japan has declined for the fourth consecutive month, highlighting the persistent fragility of consumer sentiment. Data released on Tuesday showed that, after adjusting for inflation, Japanese household spending in March fell by 2.9% year-on-year, compared to market expectations of a 1.3% decline. After seasonal adjustment, household spending was down 1.3% from February. Although wage growth in March outpaced inflation for the third consecutive month, the Iran war has driven up energy prices, intensifying concerns in the market that inflation may further heat up. In its latest outlook report, the Bank of Japan stated that if oil prices remain high and the yen depreciates sharply, the core consumer price index (excluding fresh food) could rise by 3.1% in the current fiscal year and could increase by 3% over the next 12 months. The outbreak of the Iran war led to the largest drop in Japanese consumer confidence in nearly six years in March, and this indicator fell further in April. The business sentiment among Japanese merchants dropped in March to its lowest level since the pandemic. Preliminary statistics from Rengo, Japan's largest trade union confederation, show that employees at large Japanese companies have achieved wage increases of about 5% for the third consecutive year.

21:00 (UTC+8) - 7:00 (UTC+8) Keywords: STRC, CoW DAO, "Freedom Plan", "14-point Proposal" 1. Speaker of Iran: The "14-point Proposal" is irreplaceable;2. Bitcoin mining company IREN will issue convertible notes to raise 2 billion USD;3. Michael Saylor: STRC risk-adjusted returns outperform mainstream hedge fund strategies;4. American Bankers Association urgently pressures Congress, requesting to tighten stablecoin yield limitation regulations;5. Ethereum Foundation: Current development focus remains on completing the final delivery of Glamsterdam;6. Trump: If necessary, the "Freedom Plan" operation may be rebooted, or even "tougher measures" could be taken;7. The CoW DAO domain hijacking incident’s user compensation plan has been approved. Affected users must file claims before May 14.

According to Golden Ten Data on May 12, on May 11 local time, the Trump administration requested a U.S. court to suspend the enforcement of a previous unfavorable ruling on a 10% global tariff, so that the federal government could continue to pursue the appeal process. Reportedly, the U.S. Court of International Trade ruled against the relevant new tariff measures on May 8, but did not completely halt the imposition of the tariffs. The Trump administration formally filed an appeal on May 8. If the court approves suspension of the related ruling, the three importers who previously sued the government over tariff policies will again face the 10% global tariff. It is understood that 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 introduced by the Trump administration in 2025, the government turned to push for a new global tariff policy based on Section 122 of the Trade Act of 1974. Currently, this global tariff measure is scheduled to expire in July of this year unless Congress decides to extend it.