Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

On May 24, following multi-party confirmation of the U.S.-Iran Agreement, the cryptocurrency market posted a broad-based rally, with recent strong performers HYPE and privacy coins leading the rebound. Per HTX market data: HYPE is currently trading at $60.85, with a 6.24% gain over the past 24 hours. ONDO, which staged a sharp rebound after a pullback on Friday, is priced at $0.43, marking a 13.8% increase in the last day. In the privacy coin sector, ZEC is at $637.19, up 8.5% in 24 hours. NEAR is trading at $2.37, with a 14% 24-hour gain, while Dogecoin is at $46.05, posting a 6% rise over the past day.

On May 24, Fenwick & West—former legal counsel to FTX—agreed to pay $54 million to settle allegations that it assisted Sam Bankman-Fried in fraud. Separately, auditor Prager Metis and former Miami Heat forward Udonis Haslem will pay $11.75 million and $420,000 respectively as part of related settlement deals.

May 24 — Pakistani Prime Minister Shabaz extended congratulations to U.S. President Donald Trump for his extraordinary efforts toward peace. Army Chief of Staff General Munir represented Pakistan during a phone call with Trump, per Pakistani official statements. Pakistan reaffirmed its commitment to carrying out peace efforts with the utmost sincerity and expressed hope that it will soon host the next round of talks.

On May 24, multiple key crypto institutions are based at the 1155 F Street building in Washington, D.C. Notable tenants include Coinbase, DCG, the Blockchain Association, and Injective on the third floor, while the 10th floor houses the Solana Policy Research Institute, Hyperliquid Policy Center, and the DeFi Education Fund. Additionally, venture capital giant Paradigm is also moving into the facility. According to reports, the building has seen visits from White House officials, Capitol Hill staffers, state lawmakers, and congressional candidates seeking crypto policy support. All in all, 1155 F Street has emerged as the de facto "lobbying command center" for the U.S. cryptocurrency industry.

May 24. Even on the weekend, a flurry of overnight and early-morning news has roiled markets: Trump announced the U.S.-Iran deal is "basically agreed." The New York Times reported Iran has signed onto a memorandum of understanding (MOU) including halting all fighting on fronts like Lebanon, reopening the Strait of Hormuz, lifting the U.S. naval blockade, allowing unimpeded commercial traffic, and releasing $250 billion in frozen Iranian assets. Nuclear-related issues will be negotiated over the next 30 to 60 days. Notably, the deal isn’t just one-sidedly optimistic from the U.S. side—Iran also expressed full optimism about the talks last night, making the agreement more credible. Just hours after that news, the White House was hit by a shooting, prompting a lockdown. The suspect died at a hospital. Crude oil plummeted rapidly as a result: Bitget data shows Brent crude fell from $102 to $94.2. Bitcoin, meanwhile, staged a V-shaped rebound after bottoming above $74,000. It’s now trad

May 24 — Aave founder Stani Kulechov has reaffirmed the protocol’s “revenue-focused” strategy, stressing that revenue is essential to the long-term sustainability of decentralized finance (DeFi). Data shows Aave V3’s revenue has significantly outpaced that of other lending protocols over the past 12 months. Looking ahead to the next year, Kulechov outlined Aave’s strategic priorities: diversifying revenue streams, boosting profit margins via the GHO stablecoin, and evolving the Aave App into a distribution layer controlled by AAVE token holders. These initiatives are aimed at further strengthening the protocol’s profitability and enhancing user retention, he noted.