The Organization for Economic Co-operation and Development (OECD) has projected that Japan's central bank benchmark interest rate will reach 2% by the end of 2027. According to Jin10, the report suggests that if the inflation rate remains around 2%, the current interest rate is still near the lower limit of a neutral range for the economy. The report also recommends that the Bank of Japan should continue to gradually raise interest rates to prevent economic overheating. Previously, the Bank of Japan estimated that the nominal neutral interest rate in Japan ranges between 1.1% and 2.5%, but noted significant uncertainty regarding the exact level.

Several artificial intelligence stocks in Hong Kong saw a decline. According to Jin10, Meitu (01357.HK) fell by over 5%, while Gome Technology (00068.HK) and SMIC (00981.HK) dropped by more than 4%. Additionally, shares of China Literature (00772.HK), Kuaishou (01024.HK), and Baidu (09888.HK) decreased by over 3%.

The Korean stock market quickly regained ground as local retail investors took advantage of a sell-off by foreign funds. According to Odaily, the KOSPI index rose over 1%, reversing an earlier decline of up to 3.2%. Samsung Electronics experienced a sharp drop of 6.1% in its stock price after failing to reach a wage agreement with its largest union, but the losses later narrowed. Samsung's competitor, SK Hynix, also recovered from early losses, alleviating concerns about overheating in AI-related stocks. The Korean memory chip maker's stock has surged over 100% in 2026. "The issue for the Korean stock market is concentration—it's essentially dominated by two stocks," said Dilin Wu, a strategist at Pepperstone Group responsible for cross-asset market research. "The AI hardware concept that drove the KOSPI to record highs remains valid, but execution risks on the supply side now make it harder to hold this view with conviction."

Cosmos Hub and Cosmos Labs have confirmed that Injective USDC will serve as the primary stablecoin standard for the Cosmos ecosystem and dYdX. According to Foresight News, Injective has committed to providing long-term support for USDC over at least four years, ensuring necessary financial reserves for developers, institutions, and applications. The migration process is set to unfold gradually over the coming months, with dYdX leading the transition. Cosmos Labs is coordinating the migration efforts across other chains and applications within the ecosystem. Skip Protocol's Skip:Go, which currently handles most cross-chain transfers within Cosmos, will adopt Injective USDC as its default USDC. Cosmos Labs plans to release migration tools for chains and applications transitioning from other USDC sources. Earlier this year, Noble announced its departure from the Cosmos platform. Noble had been a long-standing native issuer of USDC for IBC, and its exit left Cosmos chains and applications without a long-term issuance source. Injective is stepping in to fill this gap, taking on an issuance volume exceeding $100 million.

On May 13, during the opening ceremony of the Create2026 Baidu AI Developer Conference, Baidu founder Robin Li introduced a new metric for the AI era, termed 'Daily Active Agents' (DAA). According to Jin10, this metric is proposed as a counterpart to the widely used 'Daily Active Users' (DAU) in the mobile internet sector. Li explained that while Token consumption is currently a near-consensus metric in the industry, it primarily represents cost rather than revenue, measuring input rather than output. He emphasized that as humanity enters the era of intelligent agents, evaluating the prosperity of a platform and ecosystem should focus more on the DAA metric, which considers how many agents are actively working for humans and delivering results. This approach, Li argued, is closer to value and essence than the mere consumption of Tokens.

Asian currencies remained stable as traders closely monitored the implications of the U.S. Consumer Price Index (CPI) data. Wall Street Journal (Markets) posted on X that the CPI figures are crucial for assessing inflation trends and potential impacts on global markets. The data could influence the U.S. Federal Reserve's monetary policy decisions, affecting currency valuations worldwide. Market participants are particularly attentive to any signs of inflationary pressure that might prompt the Fed to adjust interest rates. The stability of Asian currencies reflects a cautious approach by traders as they await further economic indicators.

Baidu founder Robin Li emphasized the theme of 'self-evolution' during the opening ceremony of the Create2026 Baidu AI Developer Conference on May 13. According to Jin10, Li outlined three key aspects of this theme. Firstly, the self-evolution of intelligent agents, which involves transitioning from passive responses to actively learning from the environment and executing tasks independently. Secondly, the self-evolution of individuals, transforming from ordinary to super individuals capable of coexisting with AI. Lastly, the self-evolution of corporate organizations, evolving from human collaboration to hybrid teams of humans and intelligent agents, forming super organizations.

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