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Gelonghui, May 20th｜US retail giant Target (TGT.US) dropped as much as 8% intraday, hitting a low of $117.05. According to reports, Target’s adjusted earnings per share for the first quarter came in at $1.71, higher than the analyst average expectation of $1.46; same-store sales grew by 5.6%, also surpassing analysts’ forecasts of 2.5%. The company’s CEO stated that while the performance guidance has been updated, given the many challenges ahead and persistent uncertainties in the macroeconomic environment, the outlook remains cautious. (Gelonghui)

According to Odaily, spot ETF products related to Hyperliquid recorded approximately $22.3 million net inflow in their first week of listing. Market analysts believe this reflects strong institutional demand and the expansion of the on-chain derivatives ecosystem. Data shows that Hyperliquid currently holds over 42% share of fees in the on-chain derivatives market, significantly ahead of the Ethereum and Solana ecosystems. Analysis suggests that the HYPE token's buyback and burn mechanism further strengthens the transmission effect of ETF capital flows on price. (The Block) Previously, Bloomberg ETF analyst Eric Balchunas stated that the continued rise in THYP trading volume is a "positive signal of strengthening organic demand," and pointed out that Hyperliquid's high fee income may be an important reason for attracting capital.

The outbreak of war in Iran has resulted in major buyers in Asia and Europe being unable to access Middle Eastern crude oil, and the United States has now emerged as the world's leading crude oil supplier. Data from the U.S. Energy Information Administration shows that after a drop in crude oil inventories, U.S. stockpiles have fallen to their lowest level in nearly a year.