S&P 500 Index Futures Extend Gains to 0.5% Intraday High

On May 7, Tom Lee told CNBC in an interview that despite the U.S. stock market hitting record highs, valuations of leading stocks—especially in the AI and semiconductor sectors—remain reasonable. Lee noted the forward P/E ratio for top semiconductor and tech stocks is around 22x, well below the historical peaks of the past 20 years. With explosive growth still fueling demand in related industries, he sees "upside potential" and predicts the S&P 500 could rise to 7700 or higher by year-end.

May 7 — Huobi HTX has launched four USDT-margined perpetual contracts, per an official announcement. The new listings are AMD/USDT, USAR/USDT, BILL/USDT, and IO/USDT. AMD/USDT and USAR/USDT offer up to 10x leverage, while BILL/USDT and IO/USDT support up to 20x leverage.

**Huobi HTX Announces Strategic Upgrade for Brand IP Firey** On May 7, Huobi HTX announced its brand IP Firey has undergone a strategic upgrade—one that breaks the mold of traditional mascots. The move marks Firey’s official shift from a “visual symbol” to an “emotional totem”: it now acts as the emotional link between global users and Huobi HTX’s digital brand avatar, fostering deeper resonance and value exchange with the community. Firey’s evolution also reflects Huobi HTX’s ongoing push to enhance user services. Beyond crypto’s rational, transactional space, the platform is dedicated to offering global users warmer companionship and a top-tier service experience. Additionally, Firey (HTX’s IP) recently launched multiple reward campaigns on X. Users can win a chartered flight to Firey’s birthday fantasy amusement park, with more exclusive perks up for grabs at the birthday bash.

May 7 — According to the Coinbob Popular Address Monitor (via https://t.me/Coinbob_track_CN), Hyperliquid’s renowned trader “Loracle” has amassed over $35.4 million in profits over the past six months since launching his first trade in August 2023. From yesterday through today, driven by a drop in crude oil prices alongside gains in BTC and major popular altcoins, his long and short positions both performed well, resulting in a daily profit of almost $9.8 million. During today’s portfolio rebalancing, the trader closed a Brent crude short position at $98, locking in roughly $990,000 in profits. He still holds a $13.7 million Brent crude short position, with ~$1.67 million in unrealized profits, and remains bearish on the commodity. His other key positions include: $26 million in BTC longs, $18.9 million in ZEC longs, $10 million in TON longs; and a $39 million HYPE short. Total account holdings currently stand at $112 million, with aggregate unrealized profits of ~$8.7 million

**May 7th** Renowned trader Killa (@KillaXBT) acknowledged in a recent post that he entered his short-term short position too early—saying he “didn’t wait for clear confirmation and broke his own rules.” While the short position remains open, he’s adjusted the stop-loss level to $84,000. Though Killa notes the short is “likely to get stopped out at that $84k level,” he still holds a bearish outlook. He pointed out bear markets typically last 300–400 days, and we’re only 212 days into the current cycle—suggesting this is an accumulation phase. For short-term trends: Bitcoin has already liquidated low-leverage short positions, and there’s a large number of long positions stacked below current levels. With no clear bearish structure in place right now, he says this is neither an ideal short-term long setup nor a reason to short blindly. Traders should wait for clear structural confirmation. As a BTC-focused quant trader, Killa accurately called the peak of this bull market back

On May 7, GMGN monitoring data shows that BSC ecosystem token **BILL** surged 10% in the past hour, hitting a new all-time high market cap of $17.2 million. It currently trades at a $16.5 million market cap, with a 24-hour gain of 44% and a corresponding trading volume of $143 million. BILL is the native token of the Billions Network, a verification network focused on human-AI trust connections. The project aims to enable identity verification and trust linkage between individuals and AI Agents without exposing private data. It has been on a steady uptrend since launching on Binance Alpha on May 4. Links: - GMGN monitoring: [https://t.me/gmgnaibot?start=i_m4TE56o8](https://t.me/gmgnaibot?start=i_m4TE56o8) - BILL token details: [https://gmgn.ai/bsc/token/i_m4TE56o8_0xdf24f8c21cb404b3031a450d8e049d6e39fc1fa5](https://gmgn.ai/bsc/token/i_m4TE56o8_0xdf24f8c21cb404b3031a450d8e049d6e39fc1fa5)