Source: Insider According to sources, Alibaba will integrate its AI technology, ET Brain, with Taobao to launch an intelligent shopping service.

May 10th Brief: Notable peace prospects have emerged in both the U.S.-Iran and Russia-Ukraine conflicts this week, sharply reducing geopolitical risks. Next week, watch closely for further de-escalation in both disputes. ### Key Macro Events (Next Week) - **Monday**: Senate confirmation hearing for Fed Chair-designate Kevin Wash (expected to take over from Jerome Powell on May 15) - **Tuesday**: - 1:15 PM ET: New York Fed President John Williams (FOMC permanent voter) participates in a monetary policy panel discussion - 8:15 PM ET: U.S. ADP Employment Change (week ending April 25) - 8:30 PM ET: U.S. April CPI data - **Wednesday**: - 4:30 AM ET: U.S. API Crude Oil Stock Change (week ending May 8) - 8:30 PM ET: U.S. April PPI (year-over-year, month-over-month) - **Friday**: - 5:30 AM ET: Fed Governor Raphael Bostic delivers a speech - 9:15 PM ET: U.S. April Industrial Production (month-over-month) ### U.S. Stock Market Update As of this Frida

May 10 (IRNA) — Iranian Ambassador to Armenia Khalil Shirgholami said Saturday that agreement with countries illegally aggressing Iran is possible if those nations shift to rational, logical policies and actions. Speaking in an interview with an Armenian TV station, Shirgholami noted U.S. and Israeli regime aggression against Iran makes clear Tehran will not be coerced into surrendering or accepting any party’s extreme demands through military force, pressure or threats. He added Iran is open to negotiating an agreement but requires clear U.S. assurances: acting rationally/logically and committing to no further military aggression against Iran. Shirgholami also stressed Iran rejects selective interpretation of international law and will never allow the Iranian people to be denied their right to peaceful nuclear energy.

On May 10, Wasabi Protocol released a security incident update, noting attackers exploited an unprotected Spring Boot Actuator heap dump on a public-facing analytics server in its AWS infrastructure to steal the private key controlling an EVM smart contract. The attackers made off with roughly $4.8 million in user funds and $900,000 from the protocol’s treasury tied to the compromised contract. The attack chain began with the unprotected heap dump (no secure password required) on the analytics server, which let the attacker obtain credentials for another server—ultimately gaining access to the smart contract’s private key. The incident only impacts EVM deployments, including portions of the treasury on Ethereum, Base, Blast, and Berachain. Solana deployments and the Prop AMM remain unaffected. Wasabi Protocol stated it has not yet finalized a user compensation plan, but ensuring “all affected users are made whole” remains a top priority. Future updates on reimbursement progress w

On May 10, Polymarket announced the latest progress on its feature updates, including the launch of a latency spam mitigation measure to ensure smooth order placement and cancellation operations, a fix for the "Insufficient Balance/Allowance" error, and a core issue affecting limit order placement that’s expected to be resolved in the next few days. Additionally, Polymarket stated it has identified and banned multiple clusters of "ghost-fill" accounts—all created before the deposit wallet system launched. Any accounts exhibiting ghost-fill behavior will be identified and banned, and the deposit wallet system will also block abusive accounts from bulk-creating new accounts. Further updates to address lingering issues are set to roll out over the next week.

May 10 — 36+ hours after the U.S. Pentagon declassified over 160 UFO/UAP files, photos, and videos on May 8, global discussions over extraterrestrial evidence are raging. However, space advocate Elon Musk has stayed completely silent on the matter on X. Musk has repeatedly stated publicly that he “has never seen any evidence of aliens or alien technology. Most unidentified phenomena are likely linked to classified human weapons projects or satellites, not extraterrestrial visitors.” This muted response to the UFO file declassification once again underscores Musk’s rational skepticism toward extraterrestrial technology.

**May 10th** Michael Burry (of *The Big Short* fame) revealed in a recent blog post that he has expanded his short positions in AI-linked stocks, including Nvidia and Palantir. On Palantir: Burry pegs the company’s fair value at no more than $46–$50 per share and has flagged concerns about its business model. Additionally, Burry holds substantial put options against NVDA, SOXX, QQQ, and ORCL—expiring in 2027—representing roughly 9.5% of his investment portfolio in short positions. Notably, Burry has maintained large AI-focused short positions since Q3 2023. He has a track record of losses from premature moves (e.g., being squeezed ahead of the 2008 financial crisis).