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Backpack Founder Discusses "Binance Possibly Opening Stock Trading": Some US Retail Investors May Flock to Crypto

56 minutes ago

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) sectors.
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Viewpoint: Bitcoin Shows Buy Signal, Could Rise to $75,000

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.

15 minutes ago

The Iranian Revolutionary Guard Corps Shot Down a US Drone This Morning

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.

15 minutes ago

Trump: U.S. to Intervene with "War Department" If No Agreement is Reached Between the U.S. and Iran

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.

15 minutes ago

Crypto June Outlook: World Cup to Increase Liquidity and Attention Diversions, Historical Performance Not Optimistic

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

15 minutes ago

Prominent Trader: HYPE Surge Resembles Previous BNB Peak, Potential Buy Zone Near $50

May 31st – Renowned trader Killa (@KillaXBT) announced yesterday that HYPE’s current trend bears a striking resemblance to BNB’s prior surge structure, complete with matching chart patterns and backtesting signals. Accordingly, Killa expects a solid buying opportunity for HYPE in the $48 to $52 range. He intends to place long-term buy orders in this zone, stating, “If the trend structure holds, the risk-reward ratio looks incredibly appealing.” For context: Killa, a Bitcoin-focused quantitative trader, accurately called the peak of this bull market in May 2025 and has over 180,000 followers on Platform X.

15 minutes ago

「BFF」 Longs Ethereum, Position Value Reaches $10.36 Million, Less Than 2% Away from Liquidation Price

On May 31, data from HyperInsight shows that a crypto “whale” added to its long Ethereum position after the market rallied in the morning. As of press time, the whale’s Ethereum long position totals $10.36 million, with a liquidation price of $1,993.9. Ethereum’s current price is less than 2% away from that liquidation level.

15 minutes ago

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