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

On May 20th, HTX market data shows ZEC has breached the $620 threshold, extending its 24-hour price rally to 11.9%. Catalyst-wise, the Zcash Foundation released its Q1 2026 report yesterday, disclosing total liquid assets of approximately $36.7 million. The breakdown includes roughly $12.11 million in cash, 506,556 USDC, 85,412 ZEC (valued at ~$21.2 million), 41.8 BTC (worth about $2.85 million), and 12.02 ETH (worth roughly $25,000).

May 20th — Solana perpetual contract protocol Drift announced that Insurance Fund depositors will be able to withdraw their staked shares once the protocol resumes operations. Per the protocol’s official documentation and code design, the Insurance Fund exists to maintain the protocol’s solvency against losses incurred through liquidations or bankruptcy. Following a recent attack, Drift paused operations immediately to prevent further losses prior to executing standard liquidation and bankruptcy procedures. The Insurance Fund was not impacted by the incident. Drift will use its own Insurance Fund assets to support a “healthy restart” for all users. The corresponding contract address will be made public, enabling the community to track fund usage transparently.

On May 20th, according to OnchainLens monitoring, the K3 Capital address withdrew 7930 ETH from Binance, worth $16.88 million.

On May 20th, according to OnchainLens monitoring, a whale opened a 10x leveraged short position on 218,406 HYPE tokens over the past two hours, worth $11.16 million at an average fill price of $49.76. The whale also sold 64,401 HYPE tokens for $3.08 million in USDC.

May 20: The U.S. Energy Information Administration (EIA) reported that crude oil inventories for the week ending May 15th registered a draw of 7.863 million barrels. This marked a far larger decline than the market consensus forecast of a 2.942 million barrel draw, and exceeded the prior week’s 4.306 million barrel draw. Most notably, the Strategic Petroleum Reserve (SPR) saw its largest weekly drawdown in history, as covered by the Economic Information Daily.

May 20, Per market data from Bitget, driven by news that the U.S.-Iran agreement text is in its final polishing stage—with the next round of negotiations expected to kick off in early June—all three major U.S. stock indexes notched gains: the Nasdaq 100 rose 1%, the S&P 500 gained 0.6%, and the Nasdaq Composite climbed nearly 1%. Spot silver surged 3% on the day, now trading at $75.90 per ounce. Spot gold broke above $4,510 per ounce, up 0.63%.