hodler

1 Jun 2026, 12:09

Binance Opens US Stock Trading and Plans To Let Users Tokenize Shares on BNB Chain

Binance, the world’s largest centralized cryptocurrency exchange by trading volume, just made its biggest foray into the TradFi world. The platform opened trading on more than 7,000 US stocks and ETFs on Monday, with zero commission for non-US users and buy orders that start as low as $5. The bigger move sits underneath that. The exchange announced that it plans to let customers turn the shares they buy into tokens on its own BNB blockchain. Welcome to a new era. Trade the brands you love. Direct Stocks. ETFs. Available 24/5. 👉 https://t.co/IQVBAuxxey pic.twitter.com/6HvjTDFRCE — Binance (@binance) June 1, 2026 The feature is due in the coming weeks and it’s called bStocks. Co-CEO Richard Teng described it as a way for users to create a synthetic version of a stock by converting it into a digital token. Kraken and Robinhood already run tokenized stock products, but Binance says its version lets customers start the tokenization themselves rather than buy a token that’s already been issued. How the Trading Works The stock side is done via traditional infra. A broker dealer called Nest Trading arranges the purchases and New York firm Alpaca takes care of the custody, dividends and corporate actions. Customers can pay with stablecoins like USDC and USDT, or with other tokens including BNB. Binance is viewing this move as a step toward becoming a “multi-asset financial super app,” a growing trend among a number of crypto companies pushing into equities. Why Tokenizing Matters Settlement is the main utility for onchain stocks. A traditional equity trade trade clears through Wall Street intermediaries and takes a day or more to finalize. On the other hand, a tokenized stock settles almost instantly and trades 24/7. Binance framed bStocks as a bridge between traditional shares and always-on assets, with the door open to DeFi uses like lending and liquidity provision later on. The Number Behind the Bet The timing lines up with where big forecasters see this going. Citi’s Tokenization 2030 report put the tokenized securities market at roughly $17 billion today and projected $5.5 trillion by 2030 in its base case. Tokenized stocks account for $2.6 trillion of that, an estimate resting on about 10% of retail traders moving onto platforms that offer them. Binance, with one of the largest user bases in crypto, is a direct test of that assumption. There’s a long way to go. Tokenized stocks were worth only about $487 million in total by the end of the first quarter, a rounding error next to the $2.6 trillion target. The institutional side is moving too. The DTCC starts limited tokenized trades in July , and both Nasdaq and the NYSE’s owner have plans of their own. Binance is coming at the same goal from the retail end. Whether retail users actually tokenize their own shares is the open question. For now, the gap between holding a stock and holding a token keeps narrowing, and the largest crypto exchange just moved to close more of it. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

1 Jun 2026, 12:07

Strategy sold 32 BTC for $2.5 million in late May, filing shows

The 8-K filing Monday says proceeds from the May 26-31 sale, executed at an average price of $77,135 a coin, will fund distributions on Strategy's preferred stock.

1 Jun 2026, 12:05

Canadian Dollar: Range-Bound View Maintained After Weak Canada GDP – TD Securities

BitcoinWorld Canadian Dollar: Range-Bound View Maintained After Weak Canada GDP – TD Securities The Canadian dollar remains trapped in a familiar trading range, according to TD Securities, even after a weaker-than-expected gross domestic product (GDP) reading from Canada. The bank’s analysts suggest that the currency is unlikely to break out of its current boundaries in the near term, as the data reinforces expectations of a cautious stance from the Bank of Canada. Weaker GDP Reinforces Cautious Outlook Canada’s latest GDP figures came in below market forecasts, pointing to a slowing economy. This data, released last week, showed that the economy contracted in the final quarter of the previous year, adding to concerns about the impact of high interest rates and sluggish global demand. For the Canadian dollar, the weak print supports the view that the Bank of Canada may hold off on further rate hikes, or even consider cuts later this year, limiting the currency’s upside potential. TD Securities’ Technical View TD Securities noted that the Canadian dollar has been trading in a relatively narrow band against its US counterpart. The bank’s analysts highlighted that the currency is likely to remain range-bound, with support around the 1.35 level and resistance near 1.38 against the US dollar. This view is based on a combination of technical indicators and fundamental factors, including the GDP data and expectations for monetary policy divergence between the Bank of Canada and the Federal Reserve. What This Means for Traders and Businesses For forex traders, the range-bound outlook suggests a strategy of selling near resistance and buying near support, rather than betting on a breakout. For Canadian businesses that rely on cross-border trade, the stable but weak Canadian dollar means continued pressure on import costs, while exporters may find some relief. The broader implication is that the Canadian economy faces headwinds that are likely to keep the currency subdued in the coming weeks. Conclusion TD Securities’ decision to maintain its range-bound view on the Canadian dollar after weak GDP data reflects a cautious but data-driven assessment. The currency is likely to remain constrained by economic fundamentals and central bank policy expectations, with limited catalysts for a significant move in either direction. Traders and businesses should prepare for continued sideways trading in the near term. FAQs Q1: What is a range-bound market? A range-bound market occurs when a currency or asset trades within a consistent price range, moving between a defined support level and resistance level without breaking out. Q2: Why does weak GDP data affect the Canadian dollar? Weak GDP data signals a slowing economy, which can lead to lower interest rates or a pause in rate hikes. Lower rates make a currency less attractive to investors, reducing demand and weakening its value. Q3: What are the key levels to watch for USD/CAD? According to TD Securities, the key support level is around 1.35, and the key resistance level is near 1.38. A break above or below these levels could signal a change in the current range-bound trend. This post Canadian Dollar: Range-Bound View Maintained After Weak Canada GDP – TD Securities first appeared on BitcoinWorld .

1 Jun 2026, 12:02

Analyst Predicts 53% Chance XRP Hits $11 Very Soon. Here’s why

Crypto trader Cheeky Crypto recently suggested that XRP has 53% probability of reaching $11 on a long-term technical pattern on the chart. Cheeky Crypto stated that XRP is approaching a decisive moment as a massive broadening wedge pattern continues to develop. According to the analysis, historical data associated with this chart formation indicates a 53% probability of an upward breakout and a 47% probability of a breakdown. The post emphasized that traders should focus on larger market structures rather than short-term price movements, while also monitoring institutional activity, on-chain metrics, and exchange reserve levels. The accompanying video expanded on these points, arguing that many market participants overlook the significance of the pattern by concentrating on daily price fluctuations and news events rather than the broader technical setup. 53% chance XRP hits $11 very soon Can a massive macro broadening wedge pattern really catapult XRP to eleven dollars, or is the market setting up an expansive technical trap? Analyzing long-term market data reveals a specific geometric structure coiling on the charts with a… pic.twitter.com/fV4weWP20f — Cheeky Crypto (@CheekyCrypto) May 31, 2026 Why the $11 Target Was Presented In the video, Cheeky Crypto explained that a broadening wedge differs from more commonly discussed patterns such as triangles and pennants. Rather than converging toward a narrow point, the pattern expands as both highs and lows become increasingly extreme. According to the analysis, this expanding volatility reflects growing conflict between buyers and sellers. Cheeky Crypto stated that repeated tests of support and resistance have produced larger swings over time, creating what it described as a high-stakes environment that could eventually result in a major move. The $11 target was derived using a traditional technical analysis method that measures the wedge’s maximum height and projects that distance upward from a potential breakout point. Cheeky Crypto acknowledged that the target may appear ambitious relative to current price levels, but argued that historical studies of similar patterns support the possibility. The video further claimed that historical samples of comparable chart structures across stocks, commodities, and digital assets showed that slightly more than half reached their projected upside targets after breaking out. Risks Remain Despite the Bullish Outlook While highlighting the bullish scenario, Cheeky Crypto devoted significant attention to the downside risk. The analysis stressed that the 47% probability of failure cannot be ignored and warned that broadening wedge breakdowns can lead to rapid declines. According to the video, many traders become overly confident after multiple successful support tests, only to face sharp losses if the lower boundary eventually breaks. Cheeky Crypto argued that excessive leverage and emotional trading could expose participants to substantial risk during such conditions. The discussion also pointed to thin order books, liquidity clusters, and the presence of large institutional trading algorithms as factors that could create false breakouts and sudden volatility before a definitive trend emerges. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Focus on Patience and Risk Management Another major theme of the presentation was the importance of patience. Cheeky Crypto argued that traders often misunderstand the timeline associated with large chart formations, expecting immediate results from patterns that have taken months to develop. The analysis suggested that traders should align their expectations with the chart’s scale, monitor volume trends, and wait for stronger confirmation signals before assuming that a breakout has occurred. As XRP approaches what Cheeky Crypto described as the final stages of the broadening wedge, the group maintains that both outcomes remain possible. While the historical data referenced in the analysis favors an upside move toward $11 , the presenters repeatedly emphasized that disciplined risk management remains essential given the nearly equal probability of a significant downside move. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Analyst Predicts 53% Chance XRP Hits $11 Very Soon. Here’s why appeared first on Times Tabloid .

1 Jun 2026, 12:00

Decoding Worldcoin’s 16% rally – Can WLD retest $0.45 next?

WorldCoin rallied 16%, successfully flipped $0.4 resistance amid increased market participation

1 Jun 2026, 12:00

NYDIG Says $1.3 Billion IBIT Trade Reveals Urgent Bitcoin ETF Exit

NYDIG says a $1.26 billion off-exchange sale of BlackRock ’s spot Bitcoin ETF, IBIT, was most likely a large directional holder exiting fast, rather than a basis-trade unwind. The May 26 block trade stood out not only for its size, but for the $29.5 million discount the seller accepted to move the position immediately. In its May 29 weekly Bitcoin digest , NYDIG’s Global Head of Research Greg Cipolaro examined the transaction in detail, arguing that the tape, holder data, ETF flows, and CME futures activity all point toward an urgent liquidation of a concentrated Bitcoin-linked position. Bitcoin ETF Whale Pays $29.5M To Exit IBIT Fast At 10:30:34 ET on May 26, a single counterparty sold 29.21 million IBIT shares at $43.16 per share through FINRA/Nasdaq TRF Carteret, one of the reporting facilities used for privately negotiated off-exchange trades. The block was worth roughly $1.26 billion. The sale price came in $1.01 below the prevailing market price of $44.17, a 2.3% concession worth about $29.5 million. “The evidence is most consistent with a large directional holder exiting a concentrated position rather than a contemporaneous basis-trade unwind,” NYDIG wrote. “The transaction exceeded the reported position of every disclosed March 31, 2026, 13F holder, required an unusually large price concession, and was not accompanied by the CME futures activity that would be expected if a basis position were being unwound.” The trade occurred against a weaker market backdrop for US spot Bitcoin ETFs. NYDIG noted that the category had entered May 26 after six straight sessions of net outflows beginning May 15. Over that stretch, spot Bitcoin ETFs lost approximately $1.55 billion, with IBIT accounting for about $1.1 billion of the total. Bitcoin’s technical setup had also deteriorated. According to NYDIG, BTC had rallied into its descending 200-day moving average near $82,000 to $82,500 in early May but failed to break through. By mid-May, price had fallen back below the trendline, while the 14-day RSI slid from around 70 to the mid-30s. That failed breakout likely contributed to the ETF outflows that preceded the block sale. The minutes before the trade showed a burst of activity. IBIT opened May 26 at $43.44 and traded normally during the first hour, before volume accelerated between 10:16 and 10:28 as the ETF moved from $43.81 to an intraday high of $44.24. The 10:26–10:27 and 10:27–10:28 intervals recorded 822,000 and 702,000 shares, respectively, about three to four times normal activity. NYDIG said the trade condition codes also mattered. The transaction was marked as an off-exchange TRF trade, carried a Rule 611 trade-through exemption, and was designated as an Intermarket Sweep Order. In practice, those conditions point to a privately negotiated block designed to prioritize execution certainty over price improvement. “Taken together, the designations indicate a negotiated off-exchange block transaction executed under trade-through exemptions and sweep procedures that allowed the seller to prioritize certainty of execution over price improvement,” NYDIG wrote. That urgency is central to NYDIG’s conclusion. A 20,000-share trade printed seconds earlier at $44.17, confirming that the $43.16 price was specific to the block rather than a broader market move. IBIT then rebounded to roughly $44.06 within the next minute before sliding later in the session and closing at $42.99. NYDIG also pushed back on the idea that the trade was a delta-neutral basis unwind. A 29.21 million-share IBIT position represented approximately 18,500 BTC of exposure, equivalent to around 3,700 CME Bitcoin futures contracts. Total CME Bitcoin futures volume that day was about 8,630 contracts, but the 10:30–10:31 interval saw only 91 contracts, and the adjacent minute saw 93. Even the full 10:30–11:00 window accounted for only about 1,070 contracts. “A simultaneous basis unwind of this size would have represented approximately 43% of total daily CME volume and likely produced a visible spike in futures activity,” NYDIG wrote. “No such activity occurred.” The firm also cautioned against reading IBIT’s reported $720 million of net redemptions across May 26 and May 27 as a direct measure of the block trade. ETF creations and redemptions can obscure simultaneous gross activity, and IBIT’s reported NAVs of $42.955 and $42.431 on those dates were both below the $43.16 block price. The seller remains unidentified. NYDIG said public data cannot conclusively determine whether the exit reflected forced constraints, such as investor redemptions or risk limits, or a discretionary investment call. What the trade does show, however, is that one sophisticated holder was willing to pay nearly $30 million for speed. At press time, BTC traded at $72,891.