News

US stock markets closed at a record high, with expectations of the reopening of the Strait of Hormuz boosting market sentiment.

```htmlJinse Finance reported on May 31 that, according to Hyperliquid Hub, Hyperliquid’s revenue in the past 24 hours was $964,767. Even if all of this revenue were used to buy back and burn HYPE on the open market, it would still not be enough to fully offset the HYPE rewards distributed to stakers and validators. As a result, due to relatively low fee income that day, HYPE will still experience mild inflation today. However, considering that 431.1 million HYPE tokens are currently staked (with an annual yield of about 2.26%), protocol income of nearly $1 million per day is actually a rather robust performance.```

Jinse Finance reported, citing CCTV News, that on May 30 local time, U.S. Secretary of Defense Haggseth stated at the Shangri-La Dialogue in Singapore that the U.S. side is making every effort to reach an agreement with Iran through negotiations. However, if the negotiations fail, the U.S. is prepared to resume military strikes. The day before, U.S. President Trump held a meeting in the White House Situation Room regarding the Iran situation, but no "final decision" was made on the relevant agreement. In February this year, the U.S. and Israel jointly launched attacks on Iran. Subsequently, the U.S. blocked Iranian ports, while Iran implemented special controls on navigation in the Strait of Hormuz. The conflict has resulted in significant casualties and driven up global energy prices.