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Golden Ten Data reported on May 11 that a comparison of domestic gold jewelry prices today shows that some brand gold jewelry prices have dropped compared to last weekend. Lao Feng Xiang, Lao Miao Gold, and Shui Bei Gold Jewelry prices fell by 8 yuan/gram, Chow Sang Sang decreased by 4 yuan/gram, while prices for other brands remained largely unchanged.

(1) After Trump stated that Iran's response to the US proposal to end the war was unacceptable, crude oil prices rose, and the Hong Kong Dollar weakened slightly against the US Dollar during the Asian trading session. (2) Christopher Wong, FX strategist at OCBC Group Research, said that the development of US-Iran relations is a key swing factor for the market this week. (3) Wong pointed out that another surge in oil prices will reignite inflation concerns, dampen expectations for Federal Reserve easing, and weigh on energy-importing currencies, with the US Dollar trading at 1.2687 against the Hong Kong Dollar.

ChainCatcher reports that stablecoin payment infrastructure platform WasabiCard recently announced its official entry into the Circle Alliance Program, becoming a member of its global stablecoin ecosystem collaboration network. Reportedly, WasabiCard is mainly focused on global business scenarios, building an integrated product around global card issuance, payments, and fund distribution to assist enterprises with global fund management. Currently, its products have been applied in business scenarios such as AI, SaaS, advertising placements, cross-border e-commerce, and global settlement.