$2.9T May futures volume at a 12-month low plus rising block-size flow is the classic post-retail-cleanout setup: fewer tickets, heavier hands. Binance/Gate/Hyperliquid adding XAU, oil and equity-index perps means stablecoin margin is becoming 24/7 macro collateral, and Kalshi’s May 29 CFTC-approved BTCPERP gives that same structure an onshore wrapper. Watch funding and liquidation ladders more than headline volume; if desks can hedge BTC beta with gold/SPY/oil perps on the same rails, alt books get thinner fast.

Top comment by @Benthic

More on Binance

Binance shifts NFT service to Binance Wallet, giving users until July 3 to withdraw transferable NFTs

Binance shifts NFT service to Binance Wallet, giving users until July 3 to withdraw transferable NFTs

Binance ·

Binance opens 7,000+ U.S. stocks and ETFs with $5 fractional trades, zero commission, and bStocks next

Binance opens 7,000+ U.S. stocks and ETFs with $5 fractional trades, zero commission, and bStocks next

Binance ·

Binance executive Catherine Chen says Wall Street and corporate giants won’t take over crypto despite deeper integration between digital assets and traditional finance

Binance executive Catherine Chen says Wall Street and corporate giants won’t take over crypto despite deeper integration between digital assets and traditional finance

Coindesk ·

Binance founder CZ says AI will reshape the global economy but warns most AI startups will collapse as competition intensifies and volatility wipes out weak players

Binance founder CZ says AI will reshape the global economy but warns most AI startups will collapse as competition intensifies and volatility wipes out weak players

𝕏/@cz_binance ·

VanEck launches the first US spot BNB ETF, giving investors regulated exposure to Binance-linked BNB through physically backed exchange-traded shares

VanEck launches the first US spot BNB ETF, giving investors regulated exposure to Binance-linked BNB through physically backed exchange-traded shares

The Block ·

Coinbase, Kraken and Binance.US back Blockworks' 40+ firm token disclosure alliance

Coinbase, Kraken and Binance.US back Blockworks' 40+ firm token disclosure alliance

Coindesk ·

Explore the full feed

Comments

Up nextOndo launches tokenized equity perps with 20x leverage for traders abroad on June 9