According to CME's "FedWatch" data, the probability of the Federal Reserve keeping interest rates unchanged in June is 96.4%, and the probability of a cumulative rate cut of 25 basis points is 3.6%; the probability of keeping interest rates unchanged in July is 90.2%, the probability of a cumulative rate cut of 25 basis points is 9.5%, and the probability of a cumulative rate cut of 50 basis points is 0.2%.

In the past hour, total liquidations across the network reached $10.35 million, with $8.88 million from long positions, with $1.47 million from short positions. BTC liquidation $1.78 million, ETH liquidation $1.28 million.

According to data monitoring by Coinglass, at 04:49 on May 8th, 30 million USDT was transferred from Binance to an unknown wallet.

According to Huoxun Finance, on May 8th, the US dollar index, which measures the dollar against six major currencies, rose 0.05%, closing at 98.063 in late trading. At the close of New York trading, the euro was worth $1.1751, up from $1.1748 the previous day; the pound sterling was worth $1.3583, down from $1.3593; the dollar was worth 156.67 yen, up from 156.45 yen; the dollar was worth 0.7788 Swiss francs, down from 0.779 Swiss francs; the dollar was worth 1.3635 Canadian dollars, down from 1.3636 Canadian dollars; and the dollar was worth 9.2432 Swedish krona, up from 9.2339 Swedish krona.

According to Huoxun Finance, Federal Reserve Chairman Williams stated that the Fed will ensure inflation falls back to 2%.