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According to ChainCatcher, citing Decrypt, publicly listed video game and collectibles retailer GameStop (GME) has submitted a filing to the SEC, requesting shareholder approval to increase the number of authorized common shares from the current 1 billion to 2.5 billion to enhance financial flexibility.

1. In the early morning of May 24, East 8th District time, due to expectations of a breakthrough in the US-Iran peace negotiations, the international crude oil dark market suddenly plunged sharply. Both New York crude oil dark market and Brent crude oil dark market plummeted, with drops once exceeding 10%. As of press time, the declines of the two major contracts were still above 8%. 2. On May 23, Eastern Time, US President Trump posted on social media saying that the US and Iran had "basically reached" a peace agreement, which is currently awaiting final confirmation from both sides and relevant Islamic countries. An important part of the agreement includes reopening the long-blockaded Strait of Hormuz due to warfare, which handles about one-fifth of the world's oil transportation. 3. Iran immediately responded, stating that both sides are in the final confirmation stage of a memorandum of understanding, and the current focus of the negotiations is on ending the "imposed war," with key details such as Iran's nuclear program and enriched uranium disposal yet to be addressed. At the same time, Iran said that even if an agreement is ultimately reached, the Strait of Hormuz will continue to be managed by Iran, rather than returning to the pre-war state of "free passage." 4. Market expectations are clearly diverging. Trump stated he holds a "fifty-fifty" attitude toward ultimately reaching a "good agreement," and the negotiation team will decide on the 24th whether to resume military action against Iran. Israeli Prime Minister Netanyahu urgently convened security officials that night to discuss the draft agreement, expressing concern that the terms are "very unfavorable to Israel."

BlockBeats News, May 24th - Forbes contributor Zennon Kapron pointed out that the recent surge in HYPE was not primarily driven by ETF expectations, but more so by Hyperliquid's built-in buyback mechanism. The article states that Hyperliquid has used almost all of its transaction fee revenue (accumulating over $11.6 billion) through the Assistance Fund to buy back HYPE on the open market. Compared to the initial tens of millions of dollars inflow from ETFs, the buyback scale of the protocol could reach hundreds of millions of dollars per quarter, which may be a more core factor supporting the current price. However, this mechanism also relies on trading volume, and if the market turns bearish, both transaction fee revenue and buyback support may weaken simultaneously.