Yuga Labs will adjust the ApeCoin governance structure, with ApeCo leader Cam stepping down

On May 31, former President Trump took to Truth Social to announce the results of his latest medical exam at Walter Reed National Military Medical Center, describing them as "very ideal." Unlike other presidents who have never completed any approved, high-difficulty cognitive assessments, Trump claimed he scored a perfect 30 out of 30, earning a classification of "very high intelligence." Trump added this was his fourth time taking the specific cognitive test, noting he has secured a perfect score every time by correctly answering all 120 questions. He called achieving this perfect score four times in a row "truly rare" and advocated that all candidates running for president and vice president be required to undergo more rigorous cognitive tests.

On May 31, crypto analyst Alicharts reported that Bitcoin’s 12-hour chart has flashed a TD Sequential buy signal, suggesting the cryptocurrency could rebound to $75,000. The TD Sequential is a momentum indicator created by Tom DeMark to flag oversold reversal points. However, its signals aren’t guaranteed—they require confirmation from factors including volume analysis, ETF fund flows, and macroeconomic conditions. Right now, Bitcoin is trading in the $73,000 to $74,000 range.

On May 31, Iran’s Islamic Revolutionary Guard Corps (IRGC) announced via state-run media that it shot down a U.S. MQ-1 drone earlier that day inside Iran’s territorial waters and airspace. The IRGC said the unmanned aircraft was detected by its air defense systems and destroyed by a missile, alleging the drone was "intending to carry out a hostile act." The report came from Iran’s Fars News Agency.

May 31 – U.S. President Donald Trump said in a Fox News interview aired on the evening of May 30 local time that the U.S. and Iran are close to reaching a "very good agreement," adding that a "better deal" should come together more quickly. However, Trump warned that if no such deal is reached, he will order the so-called "Department of War" – a reference to the U.S. Department of Defense – to step in. "If I don't get what I want, we will end it in another way," he stated. Trump also noted that a signed agreement would secure navigation through the Strait of Hormuz and prevent Iran from developing nuclear weapons, among other goals. When discussing his timeline for the Iran deal, he emphasized he is not in a rush. "If you're in a hurry, you won't be able to reach a good agreement," he said. Source: CCTV News.

May 31 — Amid rumors that Binance plans to launch genuine stock trading on June 1, Armani Ferrante, founder of crypto exchange Backpack, noted in a post that this move could reshape the entire brokerage landscape. Key points from Ferrante’s comments: 1. 24/7 price discovery for stock spot markets will become a reality. 2. A new generation of crypto-native brokerages will follow Binance into weekend price discovery; while existing perpetual contracts enable weekend trading, their range of underlying assets remains far too limited for retail brokerage products. 3. Crypto-native brokerages will go head-to-head with legacy TradFi (traditional finance) brokers, and being early to offer weekend spot trading will give these new crypto platforms a major competitive edge. 4. Retail stock investors currently trading on Web 2 platforms could enter the crypto ecosystem via these new brokerages, with capital flows eventually expanding into the broader crypto and decentralized finance (DeFi) sector

May 31. For the month of May, it’s looking like both Bitcoin and Ethereum will close out with bearish monthly candles. At press time, Bitcoin is down 2.81% for May, while Ethereum has shed 9.98% so far this month. Turning to June, the crypto space remains pretty bleak. For one, the quadrennial FIFA World Cup kicks off on June 11, which will draw both attention and capital away from the already fragile crypto market—shifting focus to the US stock market, AI sectors, and the World Cup specifically. The US stock market and Polymarket are projected to capture the bulk of the market’s capital and spotlight during this period. On the flip side, historical data shows the crypto market’s average June returns are negative: Bitcoin posts an average June performance of -0.14%, while Ethereum’s is -6.85%. All told, a positive trend in crypto this June is looking unlikely amid the ongoing bearish cycle. That said, contrarian coins such as HYPE, BNB, and ZEC might present niche, localized opportu