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On May 29, hopes that a ceasefire agreement could bring an end to the Middle East conflict have propelled the U.S. stock market towards a rare weekly winning streak record, with a surge in artificial intelligence trading also boosting the market. The S&P 500 index has rebounded nearly 20% from the lows triggered by the war and is poised for its ninth consecutive week of gains, marking the longest winning streak since December 2023. Such a rare occurrence has only happened a few times since 1985. On Friday, the index edged higher, hovering near record highs.
On May 29, Finance Feeds reported that Grayscale is in talks with Hyper Holdings Global LP to sell shares of its proposed Hyperliquid ETF in exchange for approximately 2 million HYPE tokens, valued at about $115 million at current prices, to serve as seed capital before the fund's listing.
At the same time, Grayscale has renamed the product to 'Grayscale Hyperliquid Staking ETF', which is set to be listed on NASDAQ under the ticker HYPG. The new staking feature distinguishes it from a traditional spot ETF that solely tracks token prices.
Market data shows that BTC has fallen below $73,000, currently priced at $72,999.33, with a 24-hour decline of 0.4%. The market is experiencing significant volatility, so please ensure proper risk management.
On May 29, U.S. stocks opened with the three major indices slightly higher, with the Dow Jones up 0.18%, the S&P 500 up 0.09%, and the Nasdaq up 0.16%. Dell (DELL.N) surged over 30% as its first-quarter earnings exceeded expectations. Stocks of AI server manufacturers also rose, with Super Micro Computer (SMCI.O) up over 7% and HP (HPQ.N) up over 6%.
Market data shows that BTC has surpassed $73,000, currently priced at $73,002.41, with a 24-hour increase of 0.04%. The market is experiencing significant volatility, so please ensure proper risk management.
Market data shows that ETH has surpassed $2000, currently priced at $2000.67, with a 24-hour increase of 1.04%. The market is experiencing significant fluctuations, so please ensure proper risk management.
On May 29, Federal Reserve's Paulson stated that inflationary pressures have impacted the economy, and that monetary policy is moderately restrictive and at an appropriate level; current inflation is too high, having been elevated even before the onset of the war.
Market data shows that BTC has fallen below $73,000, currently priced at $72,990.01, with a 24-hour decline of 0.24%. The market is experiencing significant volatility, so please ensure proper risk management.
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