US asset manager Van Eck officially submitted an S-1 registration form to the United States Securities & Exchange Commission for a Binance Coin-based exchange-traded fund.

The move marks a crucial step toward launching Binance’s native coin into the realm of certified financial products to the American market.

According to the May 2 filing, VanEck’s proposed “BNB Trust” looks to hold Binance Coin and introduce mechanisms that promise additional income for investors.

The staking features, which remain uncommon in traditional ETFs, grabbed the crypto community’s attention.

These developments have sparked interest in BNB’s price action and the potential future.

The altcoin eyes solid breakouts as it consolidates below the key price level of $600.

The staking feature boosts BNB’s earning potential

VanEck proposes using some of the Binance Coin in the trust to generate staking incentives.

That means the fund might contribute to securing the BNB Chain platform and receive additional tokens or other rewards.

The firm can reinvest the extra income into the trust or reward ETF holders.

If authorized, the staking approach would make VanEck’s BNB ETF among the first US-licensed cryptocurrency funds to enable on-chain yield generation.

Thus, the application underscored the emerging trends of traditional finance venturing into DeFi-like returns as passive exposure and active income generation unite.

SEC approval remains a challenge

While crypto exchange-traded funds mark a key step toward financial innovation, regulatory authorization has proven an obstacle.

Recently, the SEC delayed its decision on multiple altcoin ETFs, including Solana, Dogecoin, and Hedera.

The regulator has been cautious with crypto products, especially those boasting staking mechanisms.

Crypto products offering yield-generation services likely violate securities laws as they could include investment contracts.

Nonetheless, greenlighting VanEck’s BNB ETF could open the gates for more cryptocurrency exchange-traded funds beyond Bitcoin and Ethereum, especially those with yield mechanisms.

Binance Coin price prediction

BNB trades at $594 after relatively muted price actions in the past 24 hours.

It lost 0.09% on its daily chart as the broad market cooled off after the latest rally.

Meanwhile, the altcoin seems ready for a significant move.

BNB has witnessed an approximately 80% QoQ surge in DEX volume, indicating trader and investor optimism.

Moreover, Binance continues to enrich its DeFi ecosystem.

Strategic upgrades and functionalities such as reduced gas charges, a more stable performance, and smart contracts have made the platform lucrative for trading, staking, and farming.

Moreover, BNB Chain’s leading DEX, PancakeSwap, has gotten cheaper and faster thanks to its advanced cross-chain support and tech updates.

The potential short squeeze positions Binance Coin for a rapid trend shift.

The altcoin consolidated below the supply region of $600, signaling weakening selling momentum around a vital foothold.

The soaring institutional interest could catalyze BNB’s potential breakout and long-term rallies.

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European markets kicked off the week on a cautious note, trading mixed on Monday amid holiday-thinned volumes and growing anticipation over key corporate earnings and central bank decisions later in the week.

With UK markets closed for a bank holiday, trading activity was relatively subdued across the continent.

Investors focused on economic indicators, company-specific news, and global monetary policy cues to set the tone.

DAX gains while CAC slips; Erste-Santander deal lifts sentiment

Germany’s DAX index rose 0.47%, bucking the regional trend, while Italy’s FTSE MIB hovered near the flatline.

France’s CAC 40, however, declined 0.62% as investors took some risk off the table.

In corporate news, Austria’s Erste Group Bank announced it had acquired a 49% stake in Santander Bank Polska and a 50% interest in Santander TFI, its Polish asset management arm.

The move sent Erste Group shares surging by nearly 7%, boosting sentiment in the banking sector.

Shell weighs BP acquisition; Eutelsat jumps on leadership shake-up

Oil giant Shell slipped around 1.2% on the Amsterdam exchange following reports from Bloomberg that it is evaluating a potential acquisition of British rival BP.

While the news sparked speculation, investors remained cautious amid regulatory and strategic uncertainties.

Meanwhile, French satellite operator Eutelsat soared over 17% after announcing the appointment of Jean-François Fallacher, a former executive at Orange, as CEO effective June 1.

The leadership change was welcomed as a positive step toward revitalizing the company’s strategic direction.

Inflation data mixed across Europe

Economic indicators offered a mixed picture.

In Switzerland, inflation came in flat for April compared to the same month last year, undershooting analysts’ expectations and easing pressure on the Swiss National Bank.

In contrast, Turkey reported a 3% monthly rise in consumer prices, pushing its annual inflation rate to a hefty 37.86%, reflecting persistent cost-of-living pressures.

Earnings season and central bank decisions ahead

Though Monday marked a slow start on the earnings front, the rest of the week is expected to be more active, with major European firms including Novo Nordisk, BMW, Maersk, and Commerzbank scheduled to report results.

Market participants will closely watch these releases for signals on consumer demand and sector resilience.

Central bank activity will also be in the spotlight.

Interest rate decisions are expected from Sweden’s Riksbank, Norway’s Norges Bank, and the Bank of England, with investors eyeing any signs of policy shifts amid easing inflation across parts of Europe.

Global cues: Asia quiet, US futures dip

Global markets were relatively quiet, with many Asia-Pacific exchanges closed for public holidays.

In Australia, equities declined after Prime Minister Anthony Albanese secured a historic second term.

In the US, stock futures traded slightly lower after a strong performance last week that saw the S&P 500 notch its longest winning streak in over 20 years.

Investors are closely watching for the Federal Reserve’s upcoming rate decision, with consensus expecting interest rates to remain unchanged.

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Carvana stock price has soared after plunging to a low of $148 last month as concerns about Donald Trump’s tariffs jumped. CVNA has jumped to $257 on Friday, its highest level since February 18, and 75% above its lowest level this year, and 7,820% above the lowest point in 2023. Will the stock keep rising after earnings?

Carvana earnings ahead

Carvana has done well in the past few weeks as Donald Trump’s tariffs continue. Analysts believe that the company will be one of the top beneficiaries of the trade war as it boosts demand for second-hand vehicles. That’s because the new tariffs are expected to make new vehicles more expensive by between $1,000 and $10,000.

Cavana’s business has been doing well in the past few years as demand for its vehicles jumped and as the company continued to prioritize profitability over growth. It also sorted its debt issue that wanted to kill it. 

The annual revenues have jumped from $5.5 billion in 2020 to over $13.6 billion last year. It also managed to make a small profit of about $210 million.

The most recent results showed that Carvana’s business continued doing well in the fourth quarter. It sold 114,379 vehicles in the fourth quarter, a 50% increase from those it sold a year earlier. 

Its quarterly revenue jumped by 46% to $3.55 billion, while its operating income jumped to a record $260 million. 

Wall Street analysts expect the upcoming numbers to show that Carvana’s sales growth surged by 30.7% to $4 billion. The most optimistic analyst predicts that the company’s revenue will hit a record $4.2 billion. 

Carvana’s profitability is expected to keep growing as well. The average estimate is that its earnings per share rose from 23 cents to 75 cents last quarter. 

In the last earnings release, the management hinted that the company’s growth will continue accelerating this year if conditions allow.

Carvana valuation concerns

The main concern about Carvana is that its business is highly overvalued as it has a market cap of over $55 billion.

SeekingAlpha data shows that it has a forward price-to-earnings ratio of 81, much higher than the sector median of 15. Its non-GAAP PE ratio of 73 is also higher than the sector median of 14.

The best way to look at this is to compare it with other vehicle retailers in the US. CarMax, the largest used-car retailer in the US has a market cap of over $10 billion, while CarGurus has $3.5 billion and AutoNation has $6 billion. Lithia Motors is valued at over $8 billion.

These numbers mean that Carvana is bigger than the biggest firms in the vehicle retail industry. Analysts justify the valuation to the fact that Carvana is the fastest-growing companies in the sector. 

Carvana stock price technical analysis

CVNA stock price chart | Source: TradingView

The weekly chart shows that the CVNA share price has bounced back ahead of its earnings. It has risen in the last two straight weeks, as it remains above all moving averages, a sign that bulls are in control.

Carvana stock price has formed patterns that send mixed signals to its performance after earnings. On the negative side, it has formed a head and shoulders pattern, a popular bearish reversal signal.

It has also formed a cup and handle pattern, which often leads to a continuation over time. Therefore, the stock will likely retreat after the earnings. However, a move above the head section of $291 will point to more gains, potentially to the psychological point at $300. A drop below the support at $225 will point to more downside towards $200.

Read more: JPM raises Carvana stock target: how high could CVNA go in 2025?

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AppLovin stock price rose for two consecutive weeks, reaching its highest level since March 24 as investors bought the dip. This recovery will either accelerate this week or reverse when the company publishes its financial results. APP stock was trading at $307 on Monday, up by 52% above the lowest level in April.

AppLovin earnings ahead

The main catalyst for the AppLovin stock price is its upcoming earnings, which will provide more information about its business.

These earnings will especially be notable because of its performance in the past year, when it became one of the top performers in Wall Street. At its highest level this year, it was up by almost 6,000% from its lowest level in 2023.

This surge helped to transition a mid-cap technology company worth less than $2 billion into a juggernaut worth $230 billion. 

The results will also be notable as AppLovin’s market cap has dropped to about $112 billion today. This decline happened as investors sold off companies pitching their artificial intelligence credentials and after a short-seller warned that the company was exaggerating its sales.

Therefore, the upcoming results will provide more information about how the company performed in the first quarter. 

Wall Street analysts anticipate the results to show that the company’s sales rose by 30% YoY in Q1 to $1.38 billion. The highest estimate is for its revenue to come in at $1.43 billion, while the lowest forecast will be at $1.27 billion. 

We believe the company’s revenue will be either $1.39 billion or $1.40 billion since the firm has a long history of beating analysts’ estimates.

The average estimate is that its earnings per share (EPS) will be $1.96, higher than the 92 cents it made last year. 

Analysts see AppLovin’s annual revenue and earnings to be $5.62 billion and $7.6 billion, respectively. 

Read more: AppLovin stock price crashes as we predicted: what next for APP?

Valuation concerns remain

The biggest concern about AppLovin stock is that its valuation is still stretched even after the stock plunged. 

It still has a market cap of over $112 billion, making it one of the top players in the advertising industry. AppLovin’s revenue is expected to reach $8.42 billion in 2030.

It has a net income margin of 33%, meaning that the company’s annual profit will be about $2.7 billion or $3 billion at most. That means that AppLovin trades at a forward 2030 earnings per share (EPS) metric of about 38, which is a bit pricey.

Still, analysts are largely optimistic that the AppLovin stock price has more room to grow. The average estimate is that its stock will jump from the current $307 to $432, a 40% jump from the current level. Some of the top optimistic analysts are from companies like JPMorgan, Needham, Goldman Sachs, and Morgan Stanley.

AppLovin stock price analysis

The daily chart shows that the APP share price bottomed at $200 in April and has then bounced back to the current $307. It has moved above the 50-day and 100-day Exponential Moving Average (EMA).

The stock has also formed an inverse head and shoulders pattern, a popular continuation sign in the market. Also, the two lines of the MACD have pointed upwards and are nearing their zero line. It has formed a bullish divergence pattern.

Similarly, the Relative Strength Index (RSI) has also formed a bullish divergence and moved above 50. Therefore, the stock will likely have a bullish breakout as bulls target the psychological point at $400. A drop below the psychological point at $200 will invalidate the bullish AppLovin share price forecast.

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Skechers is set to step into a new era. The global footwear giant announced on Monday that it has agreed to be acquired by private equity powerhouse 3G Capital in a deal that will take the company private.

The transaction marks a significant shift in the company’s corporate structure and reflects growing investor interest in consumer retail brands.

Under the terms of the agreement, 3G Capital will purchase Skechers for $63 per share in cash — a 30% premium over its most recent stock market valuation.

The buyout, which values Skechers at approximately $9.4 billion, underscores 3G Capital’s confidence in the brand’s long-term growth potential.

Once the acquisition is finalized, Skechers will be delisted from public markets and operate as a privately held entity.

Despite the ownership change, current CEO Robert Greenberg will retain his leadership role and continue executing the company’s strategic vision.

“With a proven track record, Skechers is entering its next chapter in partnership with global investment firm 3G Capital,” Greenberg said in a statement.

“Given their remarkable history of building iconic consumer brands, we believe this partnership will empower our team to keep delivering value to customers while driving sustained growth.”

3G Capital is known for its investments in major consumer-facing brands such as Burger King, Kraft Heinz, and Anheuser-Busch InBev.

The firm brings a hands-on operational approach that has reshaped global companies, often through aggressive cost-cutting and streamlined management structures.

The move comes at a time when legacy retail brands are exploring new strategies to maintain momentum in a rapidly evolving consumer landscape.

For Skechers, going private may offer more flexibility to innovate, expand internationally, and navigate shifts in consumer preferences without the pressure of quarterly earnings targets.

The deal still requires regulatory approvals and is expected to close later this year.

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