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Cathie Wood: Current Unemployment Rate Exceeds Prior Cycle Peaks of 2008-2009, Signaling Rate Cuts Again

BlockBeats News, September 7th, ARK Invest CEO Cathie Wood tweeted, stating, "We expect the productivity-driven prosperity we anticipate to shorten the duration of unemployment, but the current unemployment rate is higher than the peak of each cycle before 2008-2009 (crisis). This once again underscores the call for a reduction in interest rates."

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On-Chain Activity

2h ago

Six whales await HYPE pullback, place $11 million buy orders at low prices.

2h ago

Nvidia GTC Approaches, a Whale Opens New $12.61 Million NVDA Short Position

2h ago

Wintermute holds $81.36 million in positions on Hyperliquid, with 85.5% being short, accumulating a profit of $17.746 million.

2h ago

Morgan Stanley raises Amazon price target and names it top pick, while two whales simultaneously open new long positions worth $3.84 million

24H Important News

2026-10-20

Where does the near-term liquidation wall for Ethereum whales on-chain lie? There are million-level positions on both the upper and lower edges, and the major short seller persists in covering after four rounds of forced liquidations.

U.S. AI concept stocks gave back some of yesterday's gains in pre-market trading, with SKHY falling 3.95%.

PAPER's non-transferability sparks negative public opinion: 'loss-mining' exit path blocked, pre-market contracts delisted by multiple parties, platform data significantly declines

JPMorgan: CoreWeave debt sell-off poses limited risk to global banks

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