US Stock Futures Extend Losses

May 18, as per GMGN market data. Despite this morning’s broader cryptocurrency market pullback, several AI-focused low-cap projects in the Base ecosystem are rallying against the trend: - GITLAWB hit a new all-time high (ATH) of $40.2 million; it’s currently trading at $34.77 million, marking a 29.68% 24-hour gain. - aeon also set a new ATH, peaking at $8.95 million, and is now at $8.3 million—up 70.45% over the past day. - MiroShark reached its own ATH, currently valued at $3.39 million, with an 86.06% 24-hour increase. BlockBeats cautions users that these low-cap projects come with substantial uncertainty and extreme price volatility, so investors should proceed with caution when trading them.

On May 18, according to market sources, negotiations between Samsung Electronics and its labor union officially began. Driven by the news, Samsung’s stock price saw a V-shaped reversal: it plummeted more than 3% at one point amid panic selling in the morning session, but later recovered to trade positive, with intraday gains expanding to 2.7%.

Per Token Unlocks data as of May 18, this week will bring large one-time token unlocks for PYTH, ZRO, and KAITO, with a combined total value exceeding $100 million. Key details are as follows: - Pyth Network (PYTH) will unlock 2.13 billion tokens on May 19, valued at roughly $92.46 million, accounting for 36.96% of its circulating supply; - LayerZero (ZRO) will see 25.71 million tokens unlocked on May 20, worth approximately $32.65 million, making up 5.07% of its circulating supply; - KAITO (KAITO) will unlock 17.6 million tokens on May 20, valued at about $8.51 million, representing 4.7% of its circulating supply.

On May 18, cybersecurity firm Blockaid posted on X that its vulnerability detection system has discovered an attack on the Verus Ethereum cross-chain bridge, leading to approximately $11.58 million in losses.

May 18 Update: Trade.xyz’s Pre-IPO (Pre-IPO Contract) announced this morning that it’s now listed on SpaceX. As of press time, SPCX is trading at $216, translating to a $2.56 trillion valuation. In the first hour after the trading pair went live, trading volume reached $11.48 million, and open interest rose to $12.34 million.

May 18 — Jeffrey Gundlach, CEO of DoubleLine Capital LP and widely known as the “New Bond King,” told Fox News’ *Sunday Morning Futures* that there will be no interest rate cut at the Federal Reserve’s upcoming policy meeting. “In my view, a rate cut isn’t feasible right now when the 2-year U.S. Treasury yield is nearly 50 basis points higher than the federal funds rate,” he noted. Gundlach added that newly confirmed Federal Reserve Chair Kevin Warsh is taking over amid a “difficult period.” The ongoing war with Iran has driven oil prices up, which has in turn impacted U.S. inflation data. April’s Consumer Price Index (CPI) surged to 3.8%—the fastest pace since May 2023—and Gundlach predicts this upward inflation trend will persist. DoubleLine Capital’s model shows the next headline CPI reading will come in at a figure starting with a “4.” On the stock market, Gundlach commented: “The market is very expensive and highly speculative, but consistent earnings that beat expectations are