Binance announced the listing of Skate (SKATE) on its Binance Alpha platform, with trading starting on June 9, 2025, at 10:00 UTC. Binance Futures will also launch the SKATEUSDT perpetual contract the same day at 10:30 UTC, offering up to 50x leverage. Eligible users can claim airdrops using Binance Alpha Points. Additionally, Binance Alpha will feature Defi App (HOME), a Bitcoin-native DeFi lending protocol built on Stacks and a cross-chain aggregated DEX backed by Mechanism Capital, with trading opening on June 10. Binance Alpha also introduced AB (AB) with an airdrop of 9,882 AB tokens available to users holding at least 225 Alpha Points starting June 7, 2025. Binance continues to dominate the crypto exchange market, reporting $529 billion in spot volume and $2.3 trillion in futures volume for May 2025, with market share rising above 50%, the highest in a year. Hyperliquid, a decentralized perpetual trading platform, recorded a record $248 billion in perpetual volume in May, capturing over 10% of Binance's flow and generating $65.5 million in revenue, making it the most profitable protocol for the month after major stablecoin issuers. Binance holds approximately $110 billion in crypto reserves, ranking second globally behind Coinbase's $129 billion. Binance also launched a $3.3 million BNB Smart Chain trading competition featuring tokens LA, RDO, RWA, BDXN, ELDE, and TGT on Binance Alpha. Binance US recently enabled spot trading of HYPE via HyperEVM transfers, marking the first exchange to support HYPE in this manner. The Binance Alpha platform has become a key venue for low market cap project launches, with high entry thresholds for airdrop eligibility, requiring substantial trading volume and Alpha Points.