Federal Reserve's Harker: Inflation Performance Disappointing and Trend Unfavorable

2 hours ago

Xinhua News — May 8: Federal Reserve’s Gulsbee said the latest employment report appears “fairly stable.” Inflation remains underperforming, with an unfavorable trend. For now, there’s little evidence the labor market is weakening.

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Source: Apple and Intel Reach Agreement, with Intel to Manufacture Chips for Apple Devices

Per ONEMillion AI Monitor, The Wall Street Journal reported that sources say Apple (AAPL.O) has struck a deal with Intel (INTC.O) to produce chips for Apple devices.

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Current mainstream CEX and DEX funding rates indicate that the market is still generally bearish

On May 9, Coinglass data shows Bitcoin dropped below the $80k mark, with current funding rates across major centralized (CEX) and decentralized (DEX) exchanges reflecting bearish market sentiment. Specific funding rates are displayed in the attached chart. ### BlockBeats Note A funding rate is a fee set by crypto exchanges to keep contract prices aligned with underlying asset values, typically applicable to perpetual contracts. It’s a funding exchange mechanism between long and short traders—**the trading platform does not charge this fee**. It adjusts the costs or profits of contract holders to ensure contract prices stay close to underlying asset prices. ### Key Funding Rate Context - A 0.01% rate marks the baseline. - Rates above 0.01% signal a broadly bullish market. - Rates below 0.005% point to a broadly bearish market.

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S&P 500 Index Continues to Hit New All-Time High

On May 9, Bitget market data indicates the S&P 500 Index reached a new high of 7,400 points, with an intraday gain of 0.84%.

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In the past 24 hours, there has been a total of $188 million in liquidations across the entire network, with both longs and shorts getting squeezed.

Per Coinglass data, total crypto liquidations hit $188 million in the 24 hours through May 9, with long positions accounting for $117 million and short positions totaling $70.9 million. ### Notes on American English adaptation: 1. **Conciseness**: Used "hit" (common in market updates for urgency) instead of "reached"; omitted redundant "the total value of positions" (liquidations inherently refer to value). 2. **Clarity**: Added "crypto" to specify the market (standard in U.S. financial/blockchain news); used "through May 9" (natural for "past 24 hours ending on May 9"). 3. **Flow**: Avoided repeated "totaling" by switching to "accounting for" for long positions (variety without losing meaning). 4. **Casual precision**: Kept numbers consistent (no unnecessary decimals for shorts, matching U.S. news brevity). If you prefer ultra-brief (typical for crypto news alerts): *Per Coinglass, total crypto liquidations hit $188M in 24h through May 9: $117M longs, $70.9M shorts.*

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AMD Surges Nearly 8%, Reaches an All-Time High

On May 9, Bitget market data shows Advanced Micro Devices (AMD) jumped nearly 8%, pushing its market capitalization above $710 billion to a record high. Intel (INTC.O) also rose nearly 8%, with its market cap approaching $600 billion, hitting a new all-time high.