Securities and Futures Commission Warns Against Platforms Claiming Subscription of Hong Kong IPOs Using Virtual Currency: StableStock and HabitTrade

The Solana Foundation announced on May 8 that registration is officially open for Breakpoint 2026, its annual conference set to take place in London from November 15 to 17. London—a top global financial and tech hub—will host Breakpoint for the first time. Limited early-bird tickets are now available.

May 8: Per Nick Timiraos, the "Fed Whisperer," household survey data shows U.S. employment dropped 226,000, the labor force contracted 92,000, and the labor force participation rate dipped 0.1 percentage points to 61.8%. The U.S. jobless rate hasn’t risen, Timiraos noted, because people left the labor market—not because they found jobs.

On May 8, per market sources, the Pentagon has begun releasing new UFO-related documents, with officials noting the public can draw its own conclusions about so-called Unidentified Aerial Phenomena (UAP).

May 8: U.S. April unemployment rate comes in at 4.3%, matching expectations. (FXStreet)

On May 8, U.S. interest rate futures indicated a slight decline in the probability of a 2026 Federal Reserve rate hike. (Xinhua)

May 8 — PFund, a Meme coin launch platform built on BNB Chain, announced it has completed internal testing and officially rolled out its public beta. Per official details, PFund has launched a principal protection mechanism by rebuilding its underlying protocol: user funds are intelligently split between an AMM liquidity pool and a reserve fund pool. While preserving Meme coins’ high-yield potential, the platform uses a mathematical algorithm to add a safety buffer for funds, aiming to tackle the long-running “Rug Pull” risk that has plagued Meme coins. Additionally, PFund has deeply integrated features including interest-free, non-liquidation loans, a progressive tax structure, and a points splitting engine. The platform prioritizes risk mitigation while targeting high-yield returns, and delivers dividends via automatic compounding.