News

According to Golden Ten Data on May 22, a report released by an exchange on Friday shows that if attention is shifted away from the Gulf region and the energy sector, the current shipping disruptions are actually not that severe. The exchange stated that non-energy shipping weakened in March and April, being 13% below the average level of the previous 12 months; however, there was a strong rebound in May, and it is now only 4% below normal levels. In the Gulf region, non-energy shipping remains about 83% below normal levels, which is not surprising. But in Asia (possibly the region most severely affected by energy shortages), non-energy shipping volumes in April were 10% below normal, but have now slightly surpassed normal levels. Investors will be watching to see if this recovery will be reflected in other data. The exchange noted that the delivery time indicator in the Purchasing Managers' Index (PMI) has already been extended by about 1.75 standard deviations.

According to ChainCatcher, on May 18 and 19, Mentis's web3-alpha-scanner Skill detected long opportunities for the Hyperliquid token $HYPE for two consecutive days. On May 18, Mentis captured a strong long signal: two top smart money addresses simultaneously held large $HYPE long positions, with a total scale of approximately 9.49 million US dollars and unrealized profits exceeding 830 thousand US dollars. On May 19, Mentis again pointed out that $HYPE saw smart money accumulating on dips in the $42–$45 range and gave a target range of $54–$60, after which the price quickly achieved that target.

Golden Ten Data reported on May 22 that after opening this week’s trading at the highest level in nearly thirty years, the yield on UK long-term government bonds is set to record its largest drop in over two years. In recent weeks, political turmoil and concerns over increased government bond issuance had hit the bond market hard. However, these worries have now been overshadowed by hopes that the US and Iran have reached an agreement, which not only eases pressure on energy prices but also rekindles market bets that the number of interest rate hikes will be reduced. As a result, the yield on the UK’s 30-year government bond may fall by more than 0.25 percentage points this week—the largest decline among G7 sovereign bonds. On Friday, this yield dropped by 5 basis points to around 5.59%. Barclays strategist Moyeen Islam stated: “As the market continues to pay attention to the widely discussed fiscal and inflation risks in the UK, market positioning has become an increasingly important factor. However, further increases in long-term yields would require more ‘bad news’.” This week, lower-than-expected inflation data in the UK, combined with poor employment and retail data, led to reduced expectations for interest rate hikes and in turn boosted bond prices.