Binance makes another major push into the TradFi market after five years, expanding the number of trading pairs to 12
**Binance Expands TradFi Footprint with New U.S. Stock Perpetual Contracts**
On February 5, Binance took another step forward in its push into traditional finance (TradFi), announcing it will roll out U-based perpetual contracts for MicroStrategy (MSTR), Amazon (AMZN), Circle (CRCL), Coinbase (COIN), and Palantir (PLTR) starting February 9. With this addition, Binance’s stock contract market will grow to 8, while its TradFi trading targets will hit 12.
The exchange recently added perpetual contract trading for Tesla (TSLA), Intel, and Robinhood stocks. Beyond U.S. equities, Binance has also launched futures contracts for gold, silver, platinum, and palladium.
Notably, Binance rolled out stock tokenization products in April 2021—with Tesla as the first supported token, priced in BUSD at the time. These are synthetic assets, not actual stock trading. Due to regulatory concerns, the service was phased out starting July 16, 2021. Nearly five years later, crypto has moved toward fu
10 minutes ago
Binance to List MSTR, AMZN, and More Stock-Margined Perpetual Futures
On February 5, Binance announced it will launch five US stock-margined perpetual contracts in batches, starting at 22:30 UTC+8 on February 9. The contracts are MSTRUSDT, AMZNUSDT, CRCLUSDT, COINUSDT and PLTRUSDT, with each supporting up to 10x leverage.
10 minutes ago
Bitcoin Falls Below $70,000 for First Time Since November 6, 2024
Bitcoin dropped below $70,000 on February 5th, marking its first time below that threshold since November 6, 2024, per HTX market data.
10 minutes ago
The current Fed rate cut probability for March is 12%, and the probability of rate hold until April is 75.2%.
As of February 5, CME’s FedWatch Tool indicates the following rate policy odds **ahead of tonight’s U.S. Initial Jobless Claims release (21:30 UTC+8)**:
- 12% chance of a 25-basis-point Fed rate cut at the March meeting; 88% odds rates remain unchanged.
- For policy through April: 75.2% odds of no rate adjustments; 23% odds of a cumulative 25-basis-point cut; 1.7% odds of a cumulative 50-basis-point cut.
The Federal Open Market Committee (FOMC) has its next two meetings scheduled for March 18 and April 29.
### Notes on U.S. style adaptation:
1. Used **"odds"** (common in market data/quick takes) instead of repeated "probability";
2. Tightened phrasing for brevity (e.g., "ahead of" instead of "before the release of"; "remain unchanged" for flow);
3. Added **parenthetical FOMC full name** (standard for first reference in U.S. business/finance content);
4. Structured with bullet points (standard for clear, scannable market briefs);
5. Kept time zone notation concise (ma
10 minutes ago
CFTC Chairman: Supporting Legitimate Innovation in Prediction Markets, It's Time to Develop Clear Rules
February 5th — U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig, newly appointed, expressed support for legitimate prediction market innovation, noting it is time to set clear rules.
Earlier reports confirm the CFTC has formally withdrawn a Biden-era proposal to ban political event prediction contracts.
10 minutes ago
Data: Bitcoin trading below the average production cost of around $87,000, a typical sign of entering a bear market
Feb 5th: Bitcoin was hovering above $70k, while its average production cost sits around $87k—creating a ~20% gap, a classic bear market sign.
In the 2019 and 2022 bear markets, BTC prices fell below production costs but eventually rebounded.
Bitcoin’s total network hash rate peaked at ~1,100 EH/s in October, then dropped ~20%. It’s now rebounded to 913 EH/s and starting to stabilize.
At current prices, many miners are still unprofitable. With revenue lagging operating costs, miners must keep selling BTC to cover daily operations, energy bills, and debt repayments.
But long-term, this situation won’t last much longer.
10 minutes ago