The “U.S.-Iran Agreement Reached” was confirmed by many parties, the encryption market generally rose, and HYPE and privacy coins led the rebound

Original author：加密十字路口

Original source：https://www.youtube.com/embed/jKNWH8bk7mM

On May 24, 2026, a piece of news confirmed by many parties ignited a rebound in the encryption market. According to China Voice of China Radio and Television, Iranian Foreign Ministry spokesperson Bagaei said on the 23rd that the current focus of negotiations between Iran and the United States is to promote an end to the "imposed war" and the two sides are working hard to finalize a memorandum of understanding. On the afternoon of the 23rd Eastern Time, U.S. President Trump posted on social media that the United States and Iran had basically reached an agreement, and the Strait of Hormuz would also be opened. After the news came out, the encryption market ushered in a general rally, with the recent strong HYPE and privacy coins leading the rebound. The clouds of war finally began to lift. The opening of the Strait of Hormuz means that the global oil supply gap will gradually be filled, the pressure on energy costs is expected to ease, and inflation expectations will cool down. For the crypto market, the end of this transmission chain is connected to the Federal Reserve’s interest rate policy—lower inflation means earlier interest rate cuts, earlier interest rate cuts means more liquidity, and more liquidity means higher asset prices. As of the morning of May 24, HYPE was trading at $60.85, a 24-hour increase of 6.24%. This native token based on the Hyperliquid ecosystem has performed brilliantly recently. According to the monitoring of the on-chain data platform, HYPE has continued to emerge from the independent market in the past few months, with an annual increase of more than 134%. It is worth noting that HYPE broke out again on May 22, rising by 15% and touching $58.97. Short positions of more than $30.6 million were liquidated that day. Previously, the funding rate turned sharply into deep negative value, and aggressive short sellers flooded into the market. However, the price did not fall back as expected by the short sellers, but continued to rise. Each time shorts were forced to cover, it pushed HYPE higher, creating an accelerating rally driven by short liquidation. Disclaimer: The views contained in this podcast are for communication purposes only and do not constitute any investment advice. The market is risky and investment needs to be cautious. Operate accordingly at your own risk.