In the past hour, total liquidations across the network reached $10.07 million, with $2.81 million from long positions, with $7.26 million from short positions. BTC liquidation $3.02 million, ETH liquidation $2.00 million.

Huoxun Finance reports that Circle, the issuer of USDC, announced a deepened partnership with Hyperliquid, becoming the technology provider for USDC on the platform and positioning USDC as the benchmark asset. Hyperliquid, as a high-performance on-chain trading platform, is expanding from perpetual contracts to outcome-based markets. USDC will continue to serve as the primary collateral and benchmark asset, supporting liquidity, collateral management, and cross-chain capital flows. Circle will provide reliable minting, redemption, and cross-chain transfer infrastructure, helping USDC play a more central role in new markets. Simultaneously, Circle is increasing its financial investment in the Hyperliquid ecosystem. Following its initial purchase of HYPE tokens in September 2025, Circle has staked another 500,000 HYPE tokens, further aligning the interests of both parties, and is preparing to become a validator.

According to data from Coinglass, Binance saw a net inflow of 1.342 billion USDT in the past 24 hours.

According to Huoxun Finance, the number of initial jobless claims in the United States for the week ending May 9 was 211,000, exceeding the market expectation of 205,000. The previous figure was revised from 200,000 to 199,000.

According to Odaily Planet Daily, the number of initial jobless claims in the United States for the week ending May 9 was 211,000, the highest since the week ending April 18, and higher than the market expectation of 205,000.