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According to Golden Ten Data on May 12, the ongoing Middle East conflict has caused an ink shortage, forcing Japan’s largest potato chip manufacturer to downgrade its packaging quality—another sign that raw material shortages are intensifying and impacting global markets. Tokyo-based snack company Calbee announced on Tuesday that it will temporarily adjust the packaging design of some of its most popular products, using only two ink colors. These products include potato chips, prawn crackers, and fruit granola.

Odaily reported that, according to Arkham monitoring, Bhutan has once again transferred 100 BTC from its holding wallet, valued at approximately 8.1 million US dollars. Data shows that since early 2026, Bhutan has cumulatively sold approximately 230.39 million US dollars worth of BTC, with the remaining BTC holdings currently valued at about 252 million US dollars, and an average monthly sale size of about 50 million US dollars. Arkham stated that if sales continue at the current rate, Bhutan's BTC holdings may be depleted by the end of September. In addition, if all sales are made at the current BTC price, the cumulative on-chain profit for Bhutan's relevant BTC holdings will reach approximately 767 million US dollars.

```htmlGolden Ten Data, May 12th｜DWS Global Chief Investment Officer Vincenzo Vedda stated that the European market is more easily affected by supply concerns arising from the Iran conflict, while the US market greatly benefits from the AI capital expenditure boom. As a result, the rating for European stocks has been downgraded to "neutral," and the rating for US stocks has been upgraded to "neutral." He pointed out that factors supporting US stocks not only come from better profit outlooks but also include the possibility of a Fed interest rate cut, although such a cut may not occur until 2027. In contrast, the possibility of rate hikes in the Eurozone is currently higher. If there is no further military escalation in the Gulf region, strong performance is believed to provide additional support to the stock market. In the medium to long term, DWS remains optimistic about gold; gold prices are expected to continue being supported by several structural factors, including ongoing purchases of gold by central banks and persistent concerns regarding the outlook for the US dollar. However, if the stock market performs strongly and yields remain high, this may limit the short-term upside space for gold prices.```