Bitcoin surged to $107,998 on May 21, 2025, approaching its January record of $109,224 before settling around $106,500. This 2% daily gain and 14% year-to-date increase are fueled by global regulatory developments and growing institutional support.
U.S. Advances Stablecoin Regulation
The U.S. Senate is progressing the GENIUS Act, a bill mandating stablecoin issuers to maintain reserves in safe, liquid assets and comply with anti-money laundering laws. This bipartisan-supported legislation aims to provide a regulatory framework for stablecoins, which have a combined market value of about $250 billion.
Binance Founder Advises Pakistan Crypto Council
Changpeng Zhao (CZ), founder of Binance, has joined Pakistan's newly established Pakistan Crypto Council (PCC) as a strategic adviser. His involvement aims to guide Pakistan's crypto policy and foster blockchain innovation, marking a significant step in the country's engagement with digital assets.
Binance Square Launches 'Trader Profiles'
Binance Square introduced 'Trader Profiles,' a feature allowing experienced traders to share market insights and earn credibility badges. This initiative aims to promote accurate market information and foster a knowledgeable trading community.