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

May 31, per HTX market data, HYPE briefly surged above $70, currently trading at $69.845 with a 6.4% 24-hour gain, notching another all-time high.

**May 31 Update: Resurfaced Trump Video Praising IBM Tied to Recent Stock Surge** A viral video clip of former President Donald Trump lauding IBM CEO Arvind Krishna during a December White House roundtable is back in the spotlight, fueled by the tech giant’s massive recent win. In the old footage, Trump noted IBM’s stock had climbed from a low point and predicted it would “go even higher”—a projection that’s looking timely now: on May 21, IBM landed a $1 billion U.S. Department of Commerce grant under the CHIPS Act to build a quantum chip factory, news that pushed its shares up roughly 17.7% over the past week, bringing them near their all-time high. Adding a new layer: The Trump Trust quietly bought a small IBM stake on March 21, per newly released 2026 first-quarter U.S. Office of Government Ethics (OGE) Form 278-T financial disclosures. The transaction was modest, with shares purchased for an amount between $15,001 and $50,000, the filing shows.

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, 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