Huobi HTX has launched AERGO perpetual contracts and kicked off a contract trading party.

On May 7, the Pentagon awarded a $500 million contract to Scale AI—a Meta Platforms-backed firm (META.O)—to support data processing and decision-making, marking the latest step by the U.S. military to ramp up its reliance on artificial intelligence. The new contract is five times the size of the $100 million deal the company secured in September 2023. Scale AI’s public sector chief, Dan Tadross, said in an interview the Pentagon had “maxed out” the original contract. “I think this contract overall underscores the department’s urgent push to adopt this technology,” Tadross stated. Additionally, the San Francisco-based firm has participated in the Defense Innovation Unit’s “Thunderforge” program (focused on integrating AI into military planning and operations) and Trump’s “Golden Dome” homeland defense architecture. (Jinshi)

**May 7 – Per CCTV News, on May 6 local time, Hazri An, a member of Iran’s Islamic Parliament National Security Committee, told reporters the U.S. military attempted a large-scale operation in the Strait of Hormuz the previous day. Iran’s stronger countermeasures forced the U.S. to announce it was halting the operation, he said.** **An also noted the incident proves U.S. Central Command cannot open the Strait of Hormuz even if it uses all military means.** ### Notes on U.S. English adaptation: 1. **Conciseness**: Trim redundant phrases (e.g., "stated in an interview" → "told reporters"; "announce a halt to the operation" → "announce it was halting the operation"). 2. **Natural phrasing**: Use "per" (common in U.S. news for sources) instead of "according to"; "the previous day" (more idiomatic than "the day before" in formal news). 3. **Clarity**: Simplify complex structures (e.g., split long sentences into concise clauses; avoid overly formal terms like "counterattack" → "

May 7 — As the Iran conflict continues driving up oil prices and straining supply chains, multiple Federal Reserve officials have warned U.S. inflation risks are reemerging. Future interest rates may need to stay elevated for an extended period, with potential for further hikes. St. Louis Fed President Mester said policy risks have clearly tilted toward inflation. Rates may need to hold steady “for a period of time” and could be raised further if needed. He noted rising prices of key industrial inputs like aluminum, helium and diesel are fueling broader cost pressures. Chicago Fed President Evans warned sustained high oil prices over several months would gradually hit global supply chains, potentially replicating the pandemic-era inflation transmission path. He said it’s not yet “stagflation,” but the situation would grow “increasingly tense” if it persists. Data shows U.S. average gasoline prices have climbed above $4.50 a gallon, while the New York Fed’s Global Supply Chain

May 7 – U.S. President Donald Trump said Wednesday that if the U.S. can’t get what it wants from Iran, it will have to take further action. “We hope all Iranians can stay alive,” he added. Iran has committed to not acquiring nuclear weapons. There is no final deadline for the Iran nuclear issue; a deal will eventually be struck, though no final deadline has been set. If Iran possessed nuclear weapons, it would put the world at risk of being held hostage. Oil prices were initially expected to climb to $200-$250 a barrel. Currently, they’re around $100 a barrel. “Even if they hit $200, it will be worth it,” Trump noted.

May 7 (Golden Finance) — The American Federation of Teachers (AFT), one of the largest public employee unions in the U.S., is calling for regulatory scrutiny of SpaceX’s initial public offering (IPO), arguing the company’s valuation “defies financial logic.” The union has sent a letter to the U.S. Securities and Exchange Commission (SEC) raising concerns over SpaceX’s leadership practices and accounting methods. SpaceX aims to raise $75 billion in its IPO at an approximate $2 trillion valuation— a figure that would make it the largest IPO on record. Yet experts note a stark mismatch between the company’s revenue and its valuation, with the valuation relying heavily on Elon Musk’s future vision. The AFT’s president has criticized the move as a rush to go public with a valuation that defies financial logic. The union is also concerned that if SpaceX goes public, its members’ retirement funds could be passively exposed to the company’s operating risks. Many of SpaceX’s long-te

May 7 — Per Bitget market data, U.S. stocks closed higher Wednesday. The Dow Jones Industrial Average (DJIA) gained 1.2%, the S&P 500 rose 1.4%, and the Nasdaq Composite climbed 2%. The DJIA briefly touched 50,000 points intraday, while the S&P 500 and Nasdaq extended their record highs. Nvidia surged 5.7%, pushing its market capitalization to $5.05 trillion. Google parent Alphabet rose nearly 3%, and Intel advanced 4%. Among crypto-related stocks: - MicroStrategy (MSTR) dipped 0.04% - Coinbase (COIN) edged up 0.11% - Circle Internet Financial (CRCL) jumped 6.67% - Sports Betting Tech (SBET) gained 1.17% - Bitfarms (BMNR) fell 0.89% ### Notes on American English adaptation: 1. **Date format**: Uses *May 7* (not "May 7th" for brevity in news) 2. **Stock terminology**: Uses formal index/company names (DJIA, Nasdaq Composite) + ticker symbols (e.g., MSTR) for clarity 3. **Verb choice**: Matches American financial jargon (gained, surged, edged up, jumped) 4. **S