唐华斑竹

Damn it, a serious reminder! Someone is impersonating me, pretending to be Tang Hua the bamboo for scams! The profile picture and name are exactly the same, but the TG number is completely different! Identifying the scammer is very simple; just enter the Binance Square chat room and ask me, DM me on Twitter, or add me on V to verify, and you can see through it! Remember, if someone approaches you in my name to talk about money, cooperation, or relationships, it’s all fake! Don't fall for it! Thank you everyone for sharing so more people can see it! In the crypto world, as soon as money is involved, never let your guard down, and always verify repeatedly! Take care!

The game in crypto has changed; going forward, launching and listing coins is just too LOW. Now, as long as there’s a stock in the market, we can drop a new coin in crypto.
The SEC and stock exchanges are responsible for reviewing listed companies and new stocks, and the crypto market just follows suit.
CEXs no longer need to worry about projects going to zero or exit scams because when a stock dips to zero, it’s on the regulators of the stock market to handle the fallout. If you want to claim back losses, go to the stock market!
So, are we still trading coins? $BNB

HYPE broke through $74 to hit an all-time high, with technical patterns pointing to a target of $105. More importantly, its open interest has surged to $3.5 billion, doubling from $1.4 billion at the beginning of the year. This data indicates that HYPE's price action is not merely driven by retail sentiment but is bolstered by significant, high-leverage institutional capital entering the arena. The short squeeze effect (with shorts getting liquidated for $126 million) alongside a persistently positive funding rate has created a classic derivatives-driven upward cycle.
Hyperliquid, as the leading perpetual contract DEX, utilizes a mechanism where 99% of its fee revenue is used to buy back HYPE, directly converting protocol income (last month at $57.9 million, surpassing Ethereum) into token buy pressure. This "value capture flywheel" has gained stronger narrative support under the regulatory tailwind from the CFTC's public acknowledgment of the role of perpetual contracts. Simultaneously, the HYPE ETF in the US has attracted $122 million in less than a month since its launch, indicating that traditional capital channels are opening up. This resonates with last year's transformation of Eyenovia and its heavy investment in HYPE, illustrating a continuity in the "coin-stock linkage" narrative, marking HYPE's asset narrative as it seeps from the crypto native circles to broader markets.
A noteworthy detail is that the buybacks from the "Assistance Fund" are conducted on the open market. This means that massive protocol income is converting into sustained, transparent on-chain buy pressure, which is directly tied to pricing. In this high-risk environment, where open interest has hit an all-time high, this mechanism serves as a theoretical support below the price but could also weaken buy pressure if revenues decline during a market reversal, acting as a two-way amplifier. The essence of the current bullish momentum is a resonance of derivatives leverage, protocol fundamentals, and emerging institutional channels.
On June 1st, Hyperliquid's native token HYPE saw a cumulative rise of over 30% in the past five days, with the price briefly breaking $74 and setting a new all-time high. Analysts point out that HYPE has broken through the classic bull pennant pattern, with upward targets potentially pointing toward $105, indicating about a 45% room for growth from the current price.
Technical analysis shows that after a rapid rise in late May, HYPE formed a flagpole structure, subsequently consolidating within a triangular range, and recently broke through the upper boundary with increased volume. Based on the bull pennant pattern, its theoretical target price is around $105.3, expected to materialize between June and July. $HYPE

Binance is launching TradFi perpetual contracts for Korea's top three blue-chip stocks, marking the latest move in its systematic expansion into traditional financial synthetic assets this year. Following gold, silver, US stocks, and ETFs, the focus now shifts to core assets in Asian tech and manufacturing, specifically targeting Samsung, SK Hynix, and Hyundai, which correspond to semiconductor storage, logic chips, and automotive manufacturing, covering the pillars of the Korean economy.
This is the first time Binance has listed local Korean companies, with a leverage set uniformly at 20x, exceeding the previous 10x for certain US stock contracts, indicating a risk appetite for these high liquidity, institutionally favored Asian traditional assets. Coupled with the recent launches of contracts related to Nebius, Western Digital, and Arm, Binance is selectively honing its TradFi product line from broad-based ETFs to more narrative-driven sector leaders, especially against the backdrop of global capital's continued interest in the AI hardware supply chain, providing crypto-native funds with direct hedging or betting tools on key industry chain companies.
On June 1, Binance announced that it will launch three USDT-margined traditional finance (TradFi) perpetual contract products on June 2, namely SKHYNIXUSDT, SAMSUNGUSDT, and HYUNDAIUSDT, corresponding to the Korean-listed companies SK Hynix, Samsung Electronics, and Hyundai Motors.
The specific launch times are: SKHYNIXUSDT at June 2, 03:00 (UTC), SAMSUNGUSDT at 03:10 (UTC), and HYUNDAIUSDT at 03:20 (UTC).
These products will track the relevant stock prices, settle in USDT, support a maximum leverage of 20x, and offer 24/7 trading with a Multi-Assets Mode. The funding rate settlement period is every 8 hours, with a funding rate cap and floor of ±2%.$ETH

Bank of America strategists are drawing parallels between the current market structure and the peak of the 2000 internet bubble. The core data shows that when the S&P 500 index hit a new high, only 20 stocks simultaneously reached all-time highs, heavily focused on AI and semiconductor sectors. This aligns with recent observations of weakening market breadth and a declining advance-decline line.
This rally is driven by demand for AI infrastructure, with early Nvidia investor Gavin Baker and others clearly strategizing to 'long the AI infrastructure bottlenecks while shorting overall market risk.' Recently, the momentum has expanded from training chips to inference chips (like Intel) and memory (Micron, SK Hynix).
A notable detail is Hartnett's suggested defensive direction: increase long-term bonds and sectors that previously lagged at the end of the bubble. This suggests that his anticipated turning point may not stem from the collapse of the AI narrative, but rather from a passive rotation of funds from overly concentrated tech stocks to other asset classes in a high-interest rate environment. Defensive positioning itself has become a hedge against the current extreme structure.
On June 1, Bank of America's chief investment strategist Michael Hartnett's latest report pointed out that the current US stock market structure bears a striking resemblance to the peak phase of the 2000 internet bubble, urging investors to be cautious of late-stage bull market risks and gradually shift towards defensive positioning.
Data shows that the S&P 500 index set a new closing record on the last trading day of May, but only 20 stocks hit new highs simultaneously, with most concentrated in AI and semiconductor-related fields. Hartnett noted that in March 2000, at the peak of the internet bubble, only about 20 stocks reached new highs.
Recently, the surge in US stocks has been primarily driven by the AI supply chain. In May, Micron Technology (MU) surged 87.8%, SK Hynix rose 81%, AMD jumped 45.6%, and Samsung Electronics increased by 43%. As a result, the Nasdaq Composite Index rose 25% over the two months from April to May, marking its best performance in over twenty years. $ETH

Yo, bro! If you can't trade crypto, just don't do it, seriously, every time it's a wreck for you when the market tanks.
Huang Licheng (aka Ma Ji) is facing a strong liquidation risk again with his 25x ETH long position, just $22 away from the liquidation price. Since last October, his ETH longs have been partially or fully liquidated at least 8 times, with total losses ballooning from $19.35 million to $28.8 million (as of February), going through a cycle of "liquidation - margin call - re-liquidation" the whole time.
This series of moves isn't isolated. Materials show his trading always revolves around perpetual contract platforms like HyperLiquid, and he’s switched leverage positions between ETH and tokens like HYPE. The key takeaway is that despite the ongoing massive losses, he keeps pushing 25x leverage in the long direction, only passively reducing or slightly closing positions when he's dangerously close to liquidation.
The public liquidation records over the past eight months sketch a classic high-leverage "dead long" on-chain profile. His account has become a real-time gauge for extreme market volatility and retail leverage sentiment, but the source of the funds for ongoing margin calls and the capital endurance to bear huge unrealized losses remains an unsolved mystery.
On June 1, according to OnchainLens monitoring, as the market dipped, "Ma Ji's" 25x leveraged ETH long position again faced partial liquidation, and he also proactively closed some of his positions.
Currently, "Ma Ji" still holds a 25x leveraged long position of 2,200 ETH, with the next liquidation price just $22 away from the current market price. $ETH

Am I really holding off on buying just because of those transaction fees?
Data: Buying $1000 worth of Nvidia stock incurs about $1 in trading costs on Binance, way lower than Tiger and Futu.
On June 1st, based on publicly disclosed data, assuming Nvidia's stock price is around $216.15, the transaction cost for buying $1000 worth of Nvidia stock on Binance is about $1 (0.1% spread); the minimum fees for Tiger Securities' Hong Kong account and Futu's Hong Kong account are both around $2; Interactive Brokers (IBKR) has a fixed fee rate of about $1, while the tiered fee model estimates costs at around $0.35.
These calculations only account for the buying side transaction fees, excluding currency conversion, selling regulatory fees, and financing interest, so actual costs may vary depending on trading methods and market conditions.
Binance announced today that platform users will be able to trade over 7000 types of US stocks and ETFs, with an investment threshold of just $5, supporting stock purchases using stablecoins and BNB. The company also revealed an upcoming plan allowing customers to convert their held stocks into crypto-like digital assets. This is part of Binance's grand vision to become a "multi-asset financial super app." $BNB

Binance's US stock operations are adopting the "Introducing Broker + Clearing Broker" model, positioning itself as the front-end entry point while fully offloading compliance risks and asset custody responsibilities to the licensed brokerage Alpaca. This is a crucial step for Binance's global operational structure to evolve into a multi-asset financial super app after obtaining full regulatory authorization from the Abu Dhabi Global Market (ADGM).
Recently, exchanges like Kraken and Coinbase have also been pushing into tokenized US stock operations, but Binance has chosen a dual-track strategy that runs real stock trading in parallel with on-chain tokenization (bStocks). A noteworthy detail is that Nest Trading Limited, acting as the Introducing Broker, is one of the three licensed entities responsible for platform trading activities under Binance's new regulatory framework in ADGM. This means that Binance is leveraging its internally licensed entities as a "compliance pipeline," seamlessly integrating traditional securities operations into its crypto mainstay for global users with US compliant brokerages.
Binance's US stock operations use the "Introducing Broker + Clearing Broker" model, with Nest Trading handling order referrals and Alpaca responsible for trade execution, clearing, settlement, and asset custody.
On June 1, 2026, BlockBeats reported that according to official documents released by Binance, when users trade stocks on the platform, orders will be referred by Nest Trading Limited as the Introducing Broker and sent to its clearing brokerage partner, Alpaca Securities LLC, for execution.
It is understood that Nest Trading Limited serves as the Introducing Broker (IB) within Binance's stock business ecosystem, primarily responsible for client onboarding, order forwarding, and coordination of securities operations, without directly holding client securities or being responsible for trade execution, clearing, or settlement. Such entities typically act as a business bridge between the front-end platform and licensed securities institutions. They are not responsible for executing trades, clearing, or asset custody, focusing instead on customer service, order referrals, and brokerage business connections. $BNB

Hey, they've opened up another big gateway, and now the crypto market is bleeding into the stock market.
Binance has over 7,000 US stock trading pairs, far exceeding its own 1,383 crypto trading pairs. This comparison shows that the exchange is speeding up its evolution from a crypto-native market to a broader traditional asset trading platform. Co-CEO He Yi stated last month that they are no longer intentionally defining the platform's attributes and the scope of trading assets. This large-scale rollout of US stocks is a concrete execution of that strategy.
Although the number of assets still lags behind traditional brokers like Futu and Tiger Securities, Binance's low entry threshold of $5, using stablecoins and BNB as trading mediums, directly targets the overseas incremental market that traditional brokers find hard to reach. What's more interesting is their plan to allow stocks to be converted into digital assets similar to cryptocurrencies. This isn't just a simple product expansion; it's an attempt to 'chainify' traditional financial assets at the underlying level, paving the way for building their 'multi-asset financial super application'.
As of June 1, according to BlockBeats statistics, Binance's US stock trading data shows it currently supports over 7,000 US stocks and ETFs for trading, a number that far exceeds the 1,383 crypto trading pairs, but still falls short compared to Tiger (9,000+), Interactive Brokers (10,000+), and Futu (14,000+). $BNB

Binance US stock trading requires updating the app and setting the language to 'Traditional Chinese'.
On June 1, based on community feedback, Chinese users wanting to engage in US stock trading on the Binance platform must update to the latest version (3.15.0) and change the system language to 'Traditional Chinese'.
According to tests, aside from sticking with 'Simplified Chinese', switching to other languages allows for normal participation in US spot trading. $$BNB

Binance has rolled out the Fully Paid Securities Lending (FPSL) service, marking a key step in bringing traditional financial mechanisms into the crypto market. This move comes in the context of a gradually clearer global regulatory framework and a shift in the U.S. attitude towards crypto (with multiple favorable policies expected in 2025). Essentially, it allows crypto exchanges to deepen their role as financial infrastructure under compliance. The core of the FPSL service is to provide ammo for institutional activities like shorting and arbitrage, which directly points to the enhancement of liquidity and maturity in the crypto market. This also continues Binance's narrative of strengthening institutional services and compliance following the SEC lawsuit turmoil. Notably, this mechanism relies on 'qualified securities assets' as its underlying assets, suggesting that Binance is quietly building a larger compliant asset pool. The future list of 'securities' available for borrowing will serve as a barometer for observing regulatory agencies' recognition of specific token attributes. On June 1, Binance officially announced on social media that the Fully Paid Securities Lending (FPSL) service will officially open on June 4, 2026. This service allows users to lend out qualified securities assets they fully own to market participants, earning additional yield through lending. Reportedly, FPSL is a common securities lending mechanism in traditional financial markets, usually facilitated by brokers or custodians, lending out securities held by investors that are not being utilized for shorting, arbitrage, or market making. $BNB

After reaching a historic settlement with U.S. regulators in 2023, Binance's path for its "multi-asset financial super app" has clearly shifted from crypto assets to a broader range of traditional financial products. The launch of U.S. stock trading for non-U.S. customers, featuring zero commissions, a minimum investment of $5, and support for stablecoin and BNB payments, is a direct play to slice into the incremental user base of emerging markets.
The most noteworthy detail is the "support for collateralized securities lending." This not only takes the asset lending yield model commonly accepted in the crypto space and flips it to traditional stock trading, but more importantly, it hints that Binance might be building a unified collateral pool across asset classes. Users holding U.S. stocks, stablecoins, and even BNB may soon be able to seamlessly convert them into lending capital or trading margins within its ecosystem, which is the core financial engine that makes it a "super app"—far beyond just adding another trading category.
Binance's U.S. stock trading reveals its "true colors": 24/7 trading from Monday to Friday, zero commissions, automatic dividend crediting, and support for collateralized securities lending.
As of June 1, according to the content displayed on Binance's official U.S. stock trading portal, this segment currently supports users buying U.S. stock assets using FDUSD, DSDT, USDC, BNB, U, or USDC. The U.S. stock market supports 24-hour trading during weekdays.
Currently, the Binance platform supports trading over 7,000 U.S. stocks, including blue chips, ETFs, small-cap stocks, etc., with zero commissions (platform fees apply). The platform offers 100% automatic dividend delivery, with any dividends earned directly credited to users' accounts.
Additionally, the new segment now supports securities lending, allowing users to earn passive income by lending out stock assets. $BNB

After Binance struck a deal with U.S. regulators in November 2023 and forked over a hefty fine, its U.S. operations (Binance.US) had to tighten up and hit pause on the OTC trading portal. Now, launching a direct U.S. stock trading portal on the main platform marks a shift in its compliance strategy from a defensive stance to a proactive approach, aiming to rebuild and integrate traditional asset gateways under the newly established regulatory framework.
The key detail here is that this portal is built right into the main platform instead of through a standalone entity, blurring the lines between the global platform and the heavily regulated U.S. operations. This move might be testing the flexibility of regulatory boundaries, intending to channel global user traffic into a much larger integrated asset market, leveraging the existing user base and liquidity to directly challenge the boundaries of traditional brokerages and compliant crypto trading platforms.
On June 1, Binance officially launched the U.S. stock trading portal on its social media. $BNB

This Children's Day, Big Bro Ma Ji is in trouble again.
Ethereum is once again creeping up on the liquidation price for the long position, prompting him to reduce his holdings.
On June 1st, according to HyperInsight, the crypto market continued to slide this afternoon, with Ethereum dipping below $2000, currently standing at $1984.5. This price point is once again nearing Ma Ji's liquidation price for his ETH long position. As a result, he just urgently cut down his position by 200 ETH, now holding a value of $7.74 million in Ethereum with a 25x long leverage, and the latest liquidation price is $1971.81. $ETH

Who dares to short with me?! $HYPE

Kyle Samani is betting that Hyperliquid won't be able to launch a compliant front-end in the U.S. anytime soon, continuing his criticism since February. His main argument is that the latter relies on regulatory arbitrage rather than tech innovation. Kyle has exited Multicoin and is now focused on his Solana treasury company, Forward Industries, which is deeply tied to the interests of the Solana ecosystem.
Hyperliquid recently secured partnerships with Circle and Coinbase, making USDC its core quoted asset, which is seen as a crucial step towards compliance. Kyle refuses a three-year bet but actively suggests that the other party might establish 'Hyperliquid US' through acquiring DCO and DCM, highlighting the real costs and thresholds of compliance—not tech issues, but a capital and time game to obtain scarce financial licenses. His 'prediction' seems more like sketching out for the market the realistic yet costly acquisition path that Hyperliquid must face to truly enter the U.S.
Hyperliquid's number one 'hater' Kyle Samani has initiated a betting challenge, predicting that Hyperliquid won't be able to launch a compliant front-end in the U.S. anytime soon.
On May 31, former Multicoin co-founder and Forward Industries (FORD) board chairman Kyle Samani has become Hyperliquid's top 'hater.' His representative view is: 'Hyperliquid lacks real tech innovation and is merely relying on temporary regulatory arbitrage; no legitimate U.S. company will partner with them.'
Today, Kyle once again issued a betting challenge to the community, predicting that Hyperliquid won't be able to launch a compliant front-end in the U.S. in the short term. In response, some community members expressed a willingness to invest $1 million, predicting that Hyperliquid could launch a compliant front-end in the U.S. within three years. Kyle replied that within three years, Hyperliquid might establish Hyperliquid US through acquiring DCO and DCM, adopting a compliance strategy similar to Polymarket, while also advancing tech to pass decentralized testing. Therefore, Kyle declined the three-year betting term.
BlockBeats Note: DCM (Designated Contract Market): a regulated trading platform akin to traditional futures exchanges. DCO (Derivatives Clearing Organization): a clearing organization for derivatives, equivalent to a Central Clearing Party (CCP). $HYPE

Arthur Hayes has been calling HYPE for a year now, evolving from a 'bull market target' to the 'only token to buy'. His narrative has shifted from mere price predictions to betting on the Hyperliquid ecosystem and its underlying 'anti-traditional finance' story. There’s a tension between Hayes's public stance and on-chain behavior, with past allegations of him shouting out calls while offloading, which makes it necessary to analyze his statements alongside position changes.
The novelty in his current call lies in the convergence of timeframes and target prices. HYPE's market cap has reached $15.04 billion, while SOL stands at $47.73 billion, leaving a gap of about $32.7 billion. In the past week, Hayes has mentioned the $150 target price twice and has revived the old argument of 'surpassing SOL', likely aiming to leverage his market influence to inject liquidity expectations for HYPE at this critical price resistance level, testing the market’s acceptance of his narrative ceiling.
Arthur Hayes reiterated his bullish stance on HYPE's market cap surpassing SOL, stating it should rank higher.
On May 31, BitMEX co-founder Arthur Hayes expressed that, looking at the current crypto market cap rankings, most are junk coins, and he believes HYPE should at least surpass SOL before the end of this bull market.
According to Coingecko data, HYPE's market cap is currently reported at $15.04 billion, while SOL's market cap is reported at $47.73 billion, with a difference of about $32.69 billion. $HYPE

Seeing the whales get spooked, I couldn't resist going short!\nLoracle just reduced their HYPE short by $16 million and upped their long positions in ZEC, TON, and ASTER.\nBlockBeats reports that on May 31, according to HyperInsight monitoring, Loracle has once again cut their HYPE short by $16 million, now holding a remaining 1.301 million HYPE (worth around $89 million), with a paper loss exceeding $30 million.\nOn the flip side, Loracle has increased their long positions in ZEC, TON, and ASTER by a total of about $6.5 million, and their positions are still growing. $HYPE \n

On May 31, data showed that HYPE's biggest short seller, trader Loracle, has been reducing their short position for 9 hours now, with each reduction ranging from $400,000 to $1.4 million. Their short position is massive, having reduced by $7 million, while the remaining short value is still a whopping $108 million, facing an unrealized loss of $34.6 million, with around $23 million of their $27 million margin being used to maintain this position. Additionally, 893,000 HYPE tokens that were unstaked today have been further transferred to their HyperEVM address, valued at about $59 million, and there hasn't been any further action on the spot position. Loracle's ongoing reduction and the hovering $59 million worth of HYPE spot are a crucial tactical adjustment for this early player in the Hyperliquid ecosystem, under immense unrealized loss pressure. Starting from late April at around $41, they built a short position, and by mid-May, they became the platform's largest short seller, with their short size exceeding $110 million at one point. However, the strong performance of HYPE's price has led to a continuous expansion of their unrealized losses, peaking at $31 million on May 27, with their margin nearly depleted. The recent massive spot unlocks and transfers to the HyperEVM address were widely perceived as a sign of an impending dump, yet nothing has happened so far. Their reduction has lasted for 9 hours, but the spot remains unmoved. This isn't just a simple stop-loss; it's about avoiding the risk of being short naked when the spot is sold. If spot selling triggers a price rebound, their remaining short exposure of over $100 million may face a squeeze, and potential losses could wipe out all spot gains. Over the previous month, this whale has unlocked a total of 1,115,000 HYPE tokens, valued at approximately $63.51 million. In the clearly traceable on-chain records, they sold 557,000 HYPE tokens on May 21, worth about $33.35 million. The market currently widely expects that Loracle may sell the newly unlocked 893,000 spot tokens. Additionally, this sell-off might be accompanied by short position reductions, as if the spot sells off without the shorts being stopped out, their $104 million HYPE short exposure could become a naked short risk, and if squeezed, potential losses could exceed $100 million, enough to wipe out all their spot gains. $HYPE

This clueless loser! Sold 107 Bitcoin for just 660,000 RMB and now faces 11 years in the slammer!
A man from Qingdao, China, was sentenced to 10 years and 9 months for stealing 107 BTC while helping a friend register a wallet. On May 31, the Li Cang District Prosecutor's Office in Qingdao, Shandong Province, handled a Bitcoin theft case. The defendant, Zhang, obtained the mnemonic phrase while assisting a friend in setting up a virtual currency wallet and later transferred the 107 BTC in multiple transactions, worth over 50 million RMB at current market prices. Zhang claimed his actions were a 'protective takeover,' but prosecutors discovered he had transferred the stolen BTC across multiple exchanges and converted it into over 660,000 RMB. The Li Cang District Court sentenced Zhang to 10 years and 9 months for theft, along with a fine of 100,000 RMB; the second trial upheld the original verdict.
Reports indicate that the prosecuting attorney strictly followed the law and judicial policies, concluding that while China’s regulatory policies deny the status of virtual currency as legal tender, they do not negate its property attributes, nor prohibit citizens from legally holding and circulating it. Bitcoin requires investment in computing power and capital to acquire, giving it economic value; rights holders can exercise exclusive control and management through private keys and mnemonic phrases, which aligns with the core characteristics of 'property' in criminal law, making it a viable target for theft charges.
In determining the amount, since virtual currency lacks an official pricing mechanism, the Li Cang District Prosecutor's Office rejected market estimates and used the actual proceeds from the sales of over 660,000 RMB for the theft amount, ensuring accurate conviction, appropriate sentencing, and unity of responsibility and punishment. $BTC