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Golden Ten Data reported on May 3 that, according to foreign media, Federal Reserve Governor Barr stated that stress in the private credit sector could trigger a "psychological contagion," leading to a broader credit tightening. He again warned that, in a time of rising risks, regulation of Wall Street should not be relaxed. Barr said that while the direct connections between banks and private credit are currently not "particularly worrying," other areas such as overlaps between the insurance industry and private lenders warrant attention. "There is also the issue of psychological contagion," he said. "When people look at private credit, they might not say, 'This is a unique problem, these are high-risk loans, other parts of the corporate sector are different.' Instead, they may say, 'Wow, there seem to be cracks in our corporate sector. Maybe there are cracks in the corporate bond market as well.'" He added, "Then you might see a credit contraction, which could lead to greater financial strain."

Odaily reports, according to GMGN data, the combined market capitalization of Meme coins on the BSC chain briefly surged past 8 million USD, now reporting around 7.9 million USD, with a daily increase of over 420%. Odaily reminds users that Meme coin prices are highly volatile; investors are advised to be aware of the risks.

According to ChainCatcher, citing data from Coinglass, if ETH falls below $2,206, the total long liquidation strength across major CEXs will reach $673 million. Conversely, if ETH surpasses $2,431, the total short liquidation strength across major CEXs will reach $569 million.