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On May 10, according to Barchart data, the S&P 500 index has now risen for six consecutive weeks, marking the longest streak since 2024. On the other hand, the SOX semiconductor index weekly chart shows that the overbought index RSI(14) has reached 85.54, the highest level since the peak of the 2000 internet bubble, raising concerns about the semiconductor sector being overbought. However, some analysts point out that the current strong rise in semiconductor stocks is different from the internet bubble era, as this increase is supported by real demand from AI, data centers, and corporate cash flow, rather than mere speculation.

[S&P 500 Posts Six Consecutive Weekly Gains; Semiconductor Stocks Reach Overbought Levels Not Seen Since Internet Bubble Peak]On May 10, according to Barchart data, the S&P 500 index has now risen for six consecutive weeks, marking the longest streak since 2024. On the other hand, the SOX semiconductor index weekly chart shows that the overbought index RSI(14) has reached 85.54, the highest level since the peak of the 2000 internet bubble, raising concerns about the semiconductor sector being overbought. However, some analysts point out that the current strong rise in semiconductor stocks is different from the internet bubble era, as this increase is supported by real demand from AI, data centers, and corporate cash flow, rather than mere speculation.

S&P 500 Posts Six Consecutive Weekly Gains; Semiconductor Stocks Reach Overbought Levels Not Seen Since Internet Bubble Peak

On May 10, significant signs of peace emerged in both the US-Iran and Russia-Ukraine conflicts this week, leading to a substantial easing of geopolitical risks. Next week, it will be crucial to monitor whether these two geopolitical conflicts can further de-escalate. Additionally, macroeconomic events will focus on the US April CPI data, with the following specifics: On Tuesday at 15:15, FOMC permanent voting member and New York Fed President Williams will participate in a panel discussion on monetary policy; on Tuesday at 20:15, the ADP employment change for the week ending April 25 will be released; on Tuesday at 20:30, the US April CPI data will be announced; on Wednesday at 04:30, API crude oil inventories for the week ending May 8 will be reported; on Wednesday at 20:30, the US April PPI year-on-year and month-on-month data will be released; on Friday at 05:30, Fed Governor Barr will give a speech; and on Friday at 21:15, the US April industrial production month-on-month data will be published. Lastly, next week will see significant personnel changes at the Fed, with incoming Chair Kevin Walsh expected to be confirmed by the Senate on Monday and officially taking over from Powell on May 15. In the stock market, as of this Friday, a new surge has driven the S&P 500 index to an 8% cumulative increase in 2026, continuing to rise on the foundation of double-digit returns over the past three years. The tech-heavy Nasdaq Composite index has risen nearly 13% year-to-date, with both indices reaching historic highs. Although the first quarter earnings season is nearing its end, corporate reports will remain a key driver of stock prices in the coming days.

[Macroeconomic Outlook for Next Week: Potential Peace Talks in US-Iran and Russia-Ukraine Conflicts, Walsh Officially Takes Over as Fed Chair]On May 10, significant signs of peace emerged in both the US-Iran and Russia-Ukraine conflicts this week, leading to a substantial easing of geopolitical risks. Next week, it will be crucial to monitor whether these two geopolitical conflicts can further de-escalate. Additionally, macroeconomic events will focus on the US April CPI data, with the following specifics: On Tuesday at 15:15, FOMC permanent voting member and New York Fed President Williams will participate in a panel discussion on monetary policy; on Tuesday at 20:15, the ADP employment change for the week ending April 25 will be released; on Tuesday at 20:30, the US April CPI data will be announced; on Wednesday at 04:30, API crude oil inventories for the week ending May 8 will be reported; on Wednesday at 20:30, the US April PPI year-on-year and month-on-month data will be released; on Friday at 05:30, Fed Governor Barr will give a speech; and on Friday at 21:15, the US April industrial production month-on-month data will be published. Lastly, next week will see significant personnel changes at the Fed, with incoming Chair Kevin Walsh expected to be confirmed by the Senate on Monday and officially taking over from Powell on May 15. In the stock market, as of this Friday, a new surge has driven the S&P 500 index to an 8% cumulative increase in 2026, continuing to rise on the foundation of double-digit returns over the past three years. The tech-heavy Nasdaq Composite index has risen nearly 13% year-to-date, with both indices reaching historic highs. Although the first quarter earnings season is nearing its end, corporate reports will remain a key driver of stock prices in the coming days.

Macroeconomic Outlook for Next Week: Potential Peace Talks in US-Iran and Russia-Ukraine Conflicts, Walsh Officially Takes Over as Fed Chair

On May 10, insiders revealed that Alibaba is preparing to announce the integration plan of its artificial intelligence platform Qwen with the e-commerce platform Taobao, aiming to enhance shopping through conversation rather than keyword searches. The integration will enable consumers to interact with an AI assistant via the Qwen app, allowing them to browse, compare, and purchase products without manually sifting through product lists. The Qwen app is expected to access the complete catalog of over 4 billion items from Taobao and Tmall, supported by a 'skill library' capable of managing logistics and after-sales services. It will also provide shopping recommendations based on users' order history and shopping preferences. Additionally, within the Taobao platform, Alibaba will launch an AI shopping assistant powered by Qwen, featuring tools such as virtual try-ons and 30-day price tracking.

[Sources: Alibaba to Integrate Qwen AI with Taobao for Smart Shopping Service]On May 10, insiders revealed that Alibaba is preparing to announce the integration plan of its artificial intelligence platform Qwen with the e-commerce platform Taobao, aiming to enhance shopping through conversation rather than keyword searches. The integration will enable consumers to interact with an AI assistant via the Qwen app, allowing them to browse, compare, and purchase products without manually sifting through product lists. The Qwen app is expected to access the complete catalog of over 4 billion items from Taobao and Tmall, supported by a 'skill library' capable of managing logistics and after-sales services. It will also provide shopping recommendations based on users' order history and shopping preferences. Additionally, within the Taobao platform, Alibaba will launch an AI shopping assistant powered by Qwen, featuring tools such as virtual try-ons and 30-day price tracking.

Sources: Alibaba to Integrate Qwen AI with Taobao for Smart Shopping Service

"AI Geek Championship" has officially launched today. This event is produced by HTX DAO and jointly organized by Golden Finance, Twinkle, and Dushu Finance, bringing together top industry resources to explore the innovative power of the integration of AI and blockchain. The competition focuses on the cross-disciplinary collision of AI technology and Web3, symbolizing the underlying logic and innovative pulse of the digital intelligence era. This is not only a contest of technology but also a foresight into future trends. Scan the QR code now to follow the latest updates on the event and witness the birth of AI geeks.

[AI Geek Championship Officially Launched on May 10]"AI Geek Championship" has officially launched today. This event is produced by HTX DAO and jointly organized by Golden Finance, Twinkle, and Dushu Finance, bringing together top industry resources to explore the innovative power of the integration of AI and blockchain. The competition focuses on the cross-disciplinary collision of AI technology and Web3, symbolizing the underlying logic and innovative pulse of the digital intelligence era. This is not only a contest of technology but also a foresight into future trends. Scan the QR code now to follow the latest updates on the event and witness the birth of AI geeks.

AI Geek Championship Officially Launched on May 10

On May 10, according to the Islamic Republic News Agency (IRNA), Khalil Sherkhani, Iran's Ambassador to Armenia, emphasized that an agreement could be reached if countries that have illegally aggressed against Iran return to rational and logical policies and actions. In an interview with Armenian television on Saturday, Sherkhani highlighted that the aggression of the U.S. and Israeli regimes against Iran clearly indicates that military means, pressure, or threats cannot force Iran to surrender or accept extreme demands from either side. He stated that Iran is willing to reach an agreement through negotiations, but this requires clear guarantees that the U.S. will adopt rational and logical approaches to ensure that military aggression against Iran will not occur again. He also stressed that Iran opposes selective interpretations of international law and will never allow the Iranian nation to be deprived of its right to peacefully utilize nuclear capabilities.

[Iranian Envoy: Agreement Possible if U.S. Acts Rationally]On May 10, according to the Islamic Republic News Agency (IRNA), Khalil Sherkhani, Iran's Ambassador to Armenia, emphasized that an agreement could be reached if countries that have illegally aggressed against Iran return to rational and logical policies and actions. In an interview with Armenian television on Saturday, Sherkhani highlighted that the aggression of the U.S. and Israeli regimes against Iran clearly indicates that military means, pressure, or threats cannot force Iran to surrender or accept extreme demands from either side. He stated that Iran is willing to reach an agreement through negotiations, but this requires clear guarantees that the U.S. will adopt rational and logical approaches to ensure that military aggression against Iran will not occur again. He also stressed that Iran opposes selective interpretations of international law and will never allow the Iranian nation to be deprived of its right to peacefully utilize nuclear capabilities.

Iranian Envoy: Agreement Possible if U.S. Acts Rationally

On May 10, Wasabi Protocol released an update regarding a security incident, stating that attackers exploited a configuration vulnerability in the Spring Boot Actuator within its AWS infrastructure to steal the private keys controlling EVM smart contracts, resulting in the theft of approximately $4.8 million in user funds and $900,000 from the protocol's treasury. The attack chain began with a public server used for analysis, whose Actuator heap dump was not properly password protected, allowing the attackers to obtain credentials from another server and ultimately gain control over the smart contract private keys. This incident only affected EVM deployments, including certain treasuries on Ethereum, Base, Blast, and Berachain, while Solana deployments and Prop AMM were not impacted. Wasabi Protocol stated that a final compensation plan for affected users has not yet been established, but ensuring that all harmed users receive compensation remains the team's top priority, with future updates on the investigation to be released in their Discord community.

[Wasabi Protocol Updates on Security Incident: No Final User Compensation Plan Yet]On May 10, Wasabi Protocol released an update regarding a security incident, stating that attackers exploited a configuration vulnerability in the Spring Boot Actuator within its AWS infrastructure to steal the private keys controlling EVM smart contracts, resulting in the theft of approximately $4.8 million in user funds and $900,000 from the protocol's treasury. The attack chain began with a public server used for analysis, whose Actuator heap dump was not properly password protected, allowing the attackers to obtain credentials from another server and ultimately gain control over the smart contract private keys. This incident only affected EVM deployments, including certain treasuries on Ethereum, Base, Blast, and Berachain, while Solana deployments and Prop AMM were not impacted. Wasabi Protocol stated that a final compensation plan for affected users has not yet been established, but ensuring that all harmed users receive compensation remains the team's top priority, with future updates on the investigation to be released in their Discord community.

Wasabi Protocol Updates on Security Incident: No Final User Compensation Plan Yet

On May 10, Wasabi Protocol released an update regarding a security incident, stating that attackers exploited a configuration vulnerability in the Spring Boot Actuator within its AWS infrastructure to steal the private keys controlling EVM smart contracts, resulting in the theft of approximately $4.8 million in user funds and $900,000 in protocol treasury funds. The attack chain began with a public server used for analysis, whose Actuator heap dump was not properly password protected, allowing the attackers to obtain credentials for another server and ultimately gain control over the smart contract private keys. This incident only affected EVM deployments, including certain treasuries on Ethereum, Base, Blast, and Berachain, while Solana deployments and Prop AMM were not impacted. Wasabi Protocol stated that a final compensation plan for users has not yet been determined, but ensuring that all affected users are compensated remains the team's highest priority, with updates on the investigation progress to be shared in the Discord community in the future.

[Wasabi Protocol Updates on Security Incident: No Final User Compensation Plan Yet]On May 10, Wasabi Protocol released an update regarding a security incident, stating that attackers exploited a configuration vulnerability in the Spring Boot Actuator within its AWS infrastructure to steal the private keys controlling EVM smart contracts, resulting in the theft of approximately $4.8 million in user funds and $900,000 in protocol treasury funds. The attack chain began with a public server used for analysis, whose Actuator heap dump was not properly password protected, allowing the attackers to obtain credentials for another server and ultimately gain control over the smart contract private keys. This incident only affected EVM deployments, including certain treasuries on Ethereum, Base, Blast, and Berachain, while Solana deployments and Prop AMM were not impacted. Wasabi Protocol stated that a final compensation plan for users has not yet been determined, but ensuring that all affected users are compensated remains the team's highest priority, with updates on the investigation progress to be shared in the Discord community in the future.

On May 10, following the Pentagon's significant declassification of over 160 UFO/UAP documents, photos, and videos on May 8, there has been global discussion about extraterrestrial evidence. However, more than 36 hours have passed since the event, and space exploration advocate Elon Musk has maintained absolute silence on the matter on the X platform. Musk has previously stated publicly that he has 'never seen any evidence of aliens or alien technology. Most unidentified phenomena are likely the result of human secret weapon projects or satellites, rather than extraterrestrial visitors.' His continued silence regarding the declassified UFO documents further reinforces Musk's rational skepticism towards alien technology.

[UFO Information Released Over 36 Hours Ago, Musk Remains Silent]On May 10, following the Pentagon's significant declassification of over 160 UFO/UAP documents, photos, and videos on May 8, there has been global discussion about extraterrestrial evidence. However, more than 36 hours have passed since the event, and space exploration advocate Elon Musk has maintained absolute silence on the matter on the X platform. Musk has previously stated publicly that he has 'never seen any evidence of aliens or alien technology. Most unidentified phenomena are likely the result of human secret weapon projects or satellites, rather than extraterrestrial visitors.' His continued silence regarding the declassified UFO documents further reinforces Musk's rational skepticism towards alien technology.

UFO Information Released Over 36 Hours Ago, Musk Remains Silent

On May 10, 'Big Short' Michael Burry stated in his recent blog that he has increased his short positions in AI-related stocks such as Nvidia and Palantir. Regarding Palantir, he believes the company is worth at most $46-50, while questioning its business model. Michael Burry also holds a significant amount of put options against NVDA, SOXX, QQQ, and ORCL, expiring in 2027, which collectively account for about 9.5% of his portfolio's short positions. Notably, Michael Burry has held substantial AI short positions since Q3 of last year. Historically, he has faced losses due to acting too early, such as during the lead-up to the 2008 crisis.

[Michael Burry Increases Short Positions in AI Stocks like Nvidia and Palantir]On May 10, 'Big Short' Michael Burry stated in his recent blog that he has increased his short positions in AI-related stocks such as Nvidia and Palantir. Regarding Palantir, he believes the company is worth at most $46-50, while questioning its business model. Michael Burry also holds a significant amount of put options against NVDA, SOXX, QQQ, and ORCL, expiring in 2027, which collectively account for about 9.5% of his portfolio's short positions. Notably, Michael Burry has held substantial AI short positions since Q3 of last year. Historically, he has faced losses due to acting too early, such as during the lead-up to the 2008 crisis.

Michael Burry Increases Short Positions in AI Stocks like Nvidia and Palantir

Samsung Electronics is building its own metaverse, and this was revealed late last week by the company’s own vice chairman and device experience division head, Han Jong Hee. He shared the plan during a workgroup meeting.
At this point, Samsung Electronics is stepping up its research and development of its technologies related to the metaverse that it is forming. The company is creating this in a bid to cultivate its newest growth engines and to join the growing list of tech firms around the world that are diving into this new business field of the virtual space.

Detail

【Metaverse: Samsung Electronics to create its own virtual world】Samsung Electronics is building its own metaverse, and this was revealed late last week by the company’s own vice chairman and device experience division head, Han Jong Hee. He shared the plan during a workgroup meeting.
At this point, Samsung Electronics is stepping up its research and development of its technologies related to the metaverse that it is forming. The company is creating this in a bid to cultivate its newest growth engines and to join the growing list of tech firms around the world that are diving into this new business field of the virtual space.

Metaverse: Samsung Electronics to create its own virtual world

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Metaverse: Samsung Electronics to create its own virtual world

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