Crypto Market Fear Subsides Significantly, Today's Fear and Greed Index at 45

May 30 — Grayscale has voiced strong confidence in Hyperliquid in its latest report, arguing the crypto protocol is evolving beyond a pure cryptocurrency perpetual trading platform to become a broader blockchain financial infrastructure, with the potential to emerge as a "financial services giant." The firm projects Hyperliquid will generate roughly $800 million in annual revenue by 2025, handle $29 trillion in perpetual futures trading volume, boast around $7 billion in current open interest, and is rapidly gaining market share among decentralized crypto platforms. Beyond competing with centralized exchange giants like Binance in the crypto perpetual futures space, Hyperliquid is expanding via its HIP-3 and HIP-4 frameworks to offer tokenized stocks, commodities, and prediction markets—all with 24/7 continuous trading, directly challenging Wall Street’s traditional limited trading windows. Grayscale’s report underscores Hyperliquid’s open architecture, which lets developers launch

On May 30, HTX market data shows HYPE has surged past $68 to hit a new all-time high, currently trading at $68.5 — up more than 10.4% in the last 24 hours and over 50% over the past two weeks. Its current market cap stands at $15.2 billion, putting it at No. 11 in global cryptocurrency market capitalizations, while its fully diluted valuation (FDV) has climbed to $65.4 billion. Separately, two opposing whale traders — "Trader Loracle" and "0x082" — hold large unrealized gains and losses: "Trader Loracle" has a $114 million short position, posting an unrealized loss of $36.6 million, while "0x082" holds a $94 million long position, notching an unrealized gain of $40.69 million.

As of May 30, per monitoring from Hyperinsight (https://t.me/HyperInsight), HYPE’s largest short seller “Trader Loracle” has unstaked 893,000 HYPE tokens today. These tokens were moved to their HyperEVM address, totaling around $59 million in value. No fresh activity has been observed on their spot trading position. Notably, Loracle’s short positions have been trimming over the past five hours, with each reduction ranging from $400,000 to $1.4 million. Their current open short positions are as follows: - HYPE short position: $1.138 billion, with an unrealized loss of $36.6 million. Out of their $27 million collateral, roughly $23 million is being used to maintain this position; - BTC short position: $23.8 million, opened at a price of $75,280.1, generating an unrealized profit of approximately $600,000. Over the past month, this whale unlocked a total of 1.115 million HYPE tokens in two separate events, worth an estimated $63.51 million. They sold 557,000 HYPE tokens on-chain

Per EmberCN’s monitoring, Polymarket whale "lovelystuff" has wagered $4.02 million on Arsenal to win this morning’s Champions League final. If his bet hits, he’ll net $3.62 million in winnings. The whale is confident Arsenal will hold firm to claim victory until the final whistle. On May 24, he placed a bold $2.13 million bet on Arsenal defeating Crystal Palace, and walked away with $1.95 million in profit. If Arsenal takes home the Champions League title tonight, lovelystuff will have three straight correct predictions under his belt, with total earnings topping $5.57 million.

May 30. Bank of America Securities’ latest research note notes that the unusual disconnect between global stock markets hitting all-time highs and traditional macroeconomic fundamentals stems entirely from corporate profit forecasts. The MSCI Global Index’s 12-month forward earnings per share (EPS) has climbed 9% over the past three months, translating to an annualized growth rate of nearly 40%. The S&P 500’s three-month EPS momentum has jumped to 12%—its highest level in four decades. Yet, the global Purchasing Managers’ Index (PMI) has kept falling to a two-year low of roughly 50.5. Even more crucially, roughly two-thirds of this latest round of earnings upgrades are tied to rising profit margin forecasts, with forward 12-month consensus profit margins hitting all-time highs of 13.9% in Europe and 11.4% globally, respectively. Bank of America frames this gap as analogous to China’s 2001 WTO accession: at that time, over a billion workers joined the global economy, crimping the barga

On May 30, a member of Iran’s parliament’s presiding board named Salimi announced that Iran’s plan to assert sovereignty over the Strait of Hormuz will be approved by the parliament and is set to become a permanent law. According to Salimi, only Iran and Oman have the right to decide how to manage the strategic waterway. Iran has held talks with Oman, which has given preliminary approval; the plan is expected to be finalized soon. On May 28, U.S. President Donald Trump weighed in on the potential joint management of the Strait of Hormuz by Iran and Oman. Trump said Oman “will behave well” and rejected any such arrangement, adding, “Otherwise, we will have to bomb them. No one can control the strait. The strait will be open to everyone.” The U.S. will “closely monitor this matter,” Trump noted. “Oman will act like other countries; otherwise, we will have to bomb them. They understand that, so there won’t be an issue.”