On May 12th, Binance CEO Richard Teng stated in a post on X platform: "Against the backdrop of global economic uncertainty, Bitcoin remains the flagship cryptocurrency asset and a resilient store of value. With the adoption of institutional investors, it is expected that Bitcoin will play a more important role as a hedge tool and digital gold in diversified investment portfolios."

On May 12th, Tokyo-listed company Beat Holdings announced that it will increase the upper limit of its Bitcoin-related investments from $6.8 million to $34 million. The company has purchased 131,230 units of BlackRock's iShares Bitcoin Trust (IBIT) at an average purchase price of $49.49 per unit. As of May 9th, the unrealized gain on the holdings has exceeded $681,000. To support further investments, Beat Holdings has withdrawn $2.8 million from its revolving credit line, with an expected interest of approximately $150,000 generated within the year.

According to Bloomberg, citing sources familiar with the matter, G7 leaders may discuss the escalating threat of North Korea-supported cyber attacks and cryptocurrency theft activities at next month's summit in Canada. The sources said that North Korea's funding of its regime through cybercrime has raised "serious alarms" - White House officials previously disclosed that North Korea is financing its military weapons program through cryptocurrency looting.

US Treasury Secretary Besent: It is expected that the GDP data for the first quarter will be revised upwards.

President Trump said, "I do not look forward to a third term as president."

the market shows that BTC has fallen below $95,500, now trading at $95,494.83, with a 24-hour decline of 0.63%. The market fluctuates greatly, so please be prepared for risk control.

the market shows BTC breaking through $97,000, now trading at $97,011.43, with a 24-hour increase of 0.85%. The market is volatile, please manage risks.

market shows BTC has fallen below $67,000, currently reporting at $66,987.51, with a 24-hour increase of 0.41%. The market is experiencing significant fluctuations, please be prepared for risk control.

the market shows BTC has broken through $67,000 and is currently trading at $67,011.99, with a 24-hour decline of 0.26%. The market is volatile, so please be prepared to manage risks.

According to Bloomberg, options traders in the crypto market are increasingly betting on bitcoin reaching new highs by the end of November. The $75,000 strike price has the highest open interest for options expiring on November 8, indicating a significant area of focus for the market during that time. Despite the upcoming U.S. presidential election, some traders believe that bitcoin will surpass its previous highs in the coming weeks. The rise in stablecoin liquidity and bitcoin transactions in October may contribute to this bullish sentiment.