Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

May 24 – Video game and collectibles retailer GameStop (GME) filed documents with the SEC seeking shareholder approval to raise its authorized common stock from 1 billion to 2.5 billion shares. The company says the increase will provide it with greater financial flexibility. This share hike is one of five proposals that will be voted on at GameStop’s annual shareholders’ meeting in July. Notably, the move could also give the retailer more leverage to pursue its previously rejected acquisition bid for eBay.

South Korea is set to roll out its first batch of single-stock leveraged ETFs next week (as of May 24th), tied to chipmakers Samsung Electronics and SK Hynix, with an aim to deliver twice the daily returns of their underlying stocks. Analysts expect strong demand for these products from South Korea’s more than 14 million retail investors. However, against a backdrop where the KOSPI index has posted intra-day swings of up to 5%, this investor enthusiasm could further amplify market volatility. The CEO of Singapore-based Fibonacci Asset Management stated, “These ETFs will exacerbate existing concentration risk, creating a structural challenge for long-term investors amid persistently high index volatility that makes navigating the Korean market difficult.” Yoon Jaehong, an analyst at Daewoo Future Asset, projects net inflows into the Samsung Electronics and SK Hynix-linked leveraged ETFs (scheduled to launch at the end of May) could reach as high as 5.3 trillion Korean won. He also

On May 24, Iran’s Deputy Foreign Minister stated, “We seek peace backed by strength, diplomacy upheld with dignity, and we will defend our territory.” (Source: Al Jazeera)

On May 24, on-chain analyst WhaleAI (@ai_9684xtpa) noted that a crypto whale opened a long Ethereum position early this morning at $2,074, acquiring 3,845 ETH worth $7.97 million total. The same whale had taken another long position on May 5 prior: they bought 4,386 ETH at $2,377 each before that position was liquidated at $2,314, resulting in a $277,000 loss.

May 24 — Forbes contributor Zennon Kapron notes the recent surge in HYPE wasn’t primarily driven by ETF expectations, but rather by Hyperliquid’s built-in buyback mechanism. Kapron’s article states the protocol has deployed nearly all its transaction fee revenue — more than $11.6 billion, accumulated via its Assistance Fund — to repurchase HYPE on the open market. By comparison, the initial tens of millions of dollars in inflows from ETFs are dwarfed by the protocol’s buyback scale, which could reach hundreds of millions of dollars per quarter. This makes the buyback mechanism a far more core factor underpinning HYPE’s current price. However, this model relies entirely on trading volume: if the market turns bearish, both transaction fee revenue and the resulting buyback support will wane in tandem.

May 24 — The highly anticipated IPO of SpaceX, which is set to be the largest in history, is approaching. Elon Musk, SpaceX’s founder and CEO, dedicated his recent weekend to promoting the aerospace firm, inviting renowned American rapper Nicki Minaj to watch a Starship rocket launch test at SpaceX Starbase. Musk also made comments during the event’s live broadcast, sparking widespread discussions across online communities. In addition, Musk has put forward an ambitious goal: “SpaceX aims to conduct over 10,000 Starship launches per year — that translates to more than one launch per hour. By then, each flight will carry more than 200 tons of payload into a usable orbit.”