News

On May 11, the S&P 500 mini futures fell by 0.06%, while the Nasdaq 100 futures remained flat, and the Dow futures dropped by 0.12%.

BlockBeats news, on May 11, according to Hyperinsight monitoring, ZEC pulled back today, with its 24-hour drop widening to 7%, currently trading at $569. In the past hour, the two main ZEC long positions on the Hyperliquid platform have successively closed positions and exited the market, with a total withdrawal amount of approximately $28 million. Among them, the on-chain "largest ZEC bull" "Loracle" has been continuously reducing large positions since this morning, and completely closed its $19 million ZEC long position 20 minutes before the time of writing. The closing average price was $567, about 46% higher than its average entry price of $387, realizing a floating profit of $6.888 million in this round. Another major long whale (0x76d) increased its position on the eve of last night’s price retracement, holding about $8.9 million, but was hit by this morning’s pullback and was eventually stopped out, recording a loss of $328,000. Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae Address: 0x76da69d942cfdba3483e2ea3f16a490e1b0889a3

A path ascending towards the clouds—executive bonuses exceed $800,000, and chip exports repeatedly break historical records; another path is slowly descending—real household consumption shrinks for the first time in five years, and non-IT industries struggle to survive amid structural weakness. Based on this, Goldman Sachs predicts that the Bank of Korea will be forced to raise interest rates twice this year, and the Bank of Korea itself has also changed its stance, opening the door for a "shift towards tightening."