Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

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.

May 24 — On the evening of May 23 local time (which fell on the early morning of May 24 in Beijing), heavy gunfire erupted near the White House in the U.S., prompting a full lockdown of the presidential compound. At the time, President Donald Trump was inside the White House, law enforcement officials confirmed. According to reports, an emotionally disturbed suspect approached a checkpoint at the intersection of 17th Street and Pennsylvania Avenue, adjacent to the White House. When officers ordered the suspect to step back, they opened fire on law enforcement personnel. The suspect was shot by responding officers and taken to a local hospital. A civilian bystander was also wounded in the crossfire. Both the suspect and the civilian are in critical condition, authorities said. In an updated statement, the U.S. Secret Service announced the suspect later died from their injuries at the hospital. (CNN)

May 24: President Trump posted on social media that he held a "very good call" in the White House Oval Office with leaders from Saudi Arabia, the UAE, Qatar, Pakistan, Turkey, Egypt, Jordan, Bahrain, and other countries. The talks centered on the Iran issue and a peace reconciliation memorandum, he noted. Trump said the agreement has been essentially negotiated, pending final sign-off from the U.S., Iran, and other relevant parties. Separately, his call with Israeli Prime Minister Benjamin Netanyahu was "equally very smooth," he added. Final details of the agreement are still being discussed and will be announced shortly. Trump specifically highlighted one key part of the accord: The Strait of Hormuz will be reopened.

May 23 — According to AXIOS: President Trump said he will meet with negotiators later today to discuss Iran’s latest proposal, and will most likely decide by Sunday whether to resume military action against Iran. Trump added he is “fifty-fifty” on whether a “good” deal can be struck, or if ordering airstrikes on Iran is the path forward.

US Spot Bitcoin ETFs posted a weekly net outflow of roughly $1.26 billion in the week ending May 23, marking their largest weekly pullback since late January and six consecutive trading days of net redemptions. Data shows $649 million flowed out just on Monday, with outflows moderating in subsequent days but remaining consistent overall. Market participants pointed to three key drivers: rising U.S. Treasury yields, a stronger U.S. dollar, and geopolitical tensions. U.S. Spot Ethereum ETFs also faced pressure this week, logging 10 straight days of net outflows—their longest stretch since March 2025—for a total weekly outflow of approximately $216 million. BlackRock’s iShares Bitcoin Trust (IBIT) manages about $61.1 billion in assets, though this figure trails the fund’s cumulative inflows of roughly $3.7 billion, signaling recent market price volatility has impacted its holding value. As of the close of ETF trading for the period, Bitcoin traded around $77,500 and Ethereum at approx