May 24 market update: Data from CME’s FedWatch Tool puts the probability that the U.S. Federal Reserve will keep interest rates on hold through December at 32.1%. The odds of cumulative rate hikes by December break down as follows: 42.5% for a total 25 basis point increase, 20.6% for 50 basis points, 4.4% for 75 basis points, and 0.4% for a full 100 basis point cumulative hike.

On May 24th, Alternative Data reports that today’s cryptocurrency Fear & Greed Index fell to 25—down from yesterday’s reading of 28—slipping back into the “extreme fear” zone. The index’s average over the past week currently stands at 27. For context: The Fear & Greed Index operates on a 0-to-100 scale, calculated using six weighted metrics: Volatility (25%), Market Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin’s Dominance (10%), and Google Trends Analysis (10%).

On May 24, on-chain analytics firm Yujin Monitoring reported that a crypto whale recently transferred 19 million USDC to the Hyperliquid exchange to buy HYPE ahead of the token’s breakout to a new all-time high. The whale has since converted 16.26 million USDC into 30.4k HYPE tokens, at an average purchase price of $53.7 per HYPE. With HYPE surging to $63.5 to hit a new peak, the whale’s “buy the dip” strategy has generated $2.97 million in unrealized gains.

May 24. According to the Financial Times, the ongoing U.S.-Iran conflict is pushing oil prices higher and stoking inflation expectations, which has sent U.S. Treasury yields to their highest levels since 2007—potentially leaving American taxpayers on the hook for billions in extra interest costs. Data shows the 10-year U.S. Treasury yield now stands at 4.58%, above the Congressional Budget Office’s (CBO) earlier baseline projection of 4.13%; the 30-year U.S. bond yield has also hit a new 2007-era high. If current yield levels hold through the end of this fiscal year, U.S. federal interest payments will rise by an extra $8 billion. Should they persist across the entire 2027 fiscal year, that additional interest cost would exceed $30 billion. Market participants worry that climbing oil prices and widening budget deficits will further stoke inflation and amplify U.S. bond sell-offs. Some Wall Street investors contend the Federal Reserve is not doing enough to address inflation risks, sig

May 24 — Per monitoring from Onchain Lens, a crypto whale deposited 15.1 million USDC into HyperLiquid over the past four hours, purchasing 238,811 HYPE at an average price of $63.24, 10,000 of which have already been staked.

Per DefiLlama: Base Layer DEX hit $12.17B in 24h trading volume on May 24, topping Solana's Layer 1 DEX at $11.93B to take the No.1 spot.