#SaylorBTCPurchase Bitcoin Breaks $110K, Hong Kong Enacts Stablecoin Legislation, and Binance Square Transforms: Top Crypto$ETH Moments (May 2025)
BitPinas
The crypto space is seeing exciting turns of events this May, from Bitcoin achieving record highs, regulatory progress in Hong Kong, and Binance Square adding new elements to support user interaction.
Gadgets 360
Bitcoin Breaks Above $110,000 Amid Regulatory Hopes
Bitcoin has set a new all-time high, above $110,000, fueled by mounting hopes for U.S. crypto regulation and institutional buying. This follows a volatile period following the 2024 election of Donald Trump, who promised to encourage and enhance digital currencies in America via policies such as the establishment of a strategic Bitcoin reserve. Analysts point to changing investor sentiment, rising institutional participation,
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Significantly, JPMorgan Chase CEO Jamie Dimon has suddenly done an about-face on his long-time negative views of Bitcoin by informing that the financial behemoth will permit customers to purchase the digital asset. Further, MicroStrategy added to its holdings with a $765 million buy of Bitcoin, which has pushed it over $63 billion in total.
Hong Kong Passes Stablecoin Law
On May 21, 2025, Hong Kong's legislature enacted a historic stablecoin bill that creates a licensing regime for fiat-referenced stablecoin issuers. With this new regime, any issuer of stablecoins in Hong Kong or collateralized by Hong Kong dollars will need to be licensed by the Hong Kong Monetary Authority (HKMA). The bill imposes requirements on management of reserve assets, procedures for redemption, and risk management, to protect public and investor interests.
Reuters
This is a part of Hong Kong's plan to become a more competitive global hub for digital assets and build its own stablecoin. Financial Secretary Christopher Hui highlighted the rule's commitment to adopting a risk-based approach under the principle of "same activity, same risks, same regulation."
Reuters
Binance Square Introduces 'Trader Profiles' Feature
Binance has launched a new feature named 'Trader Profiles' for its community-oriented social platform, Binance Square. This feature aims to allow experienced cryptocurrency traders to share market knowledge while allowing users to engage on the basis of their trading behaviors. Through this update, Binance plans to create a better interactive and informed trading community.
Traders who create their Trader Profiles are able to share portfolio summaries and show profit and loss percentages for investments. In line with Binance Square's new functionality, traders with solid portfolios and trustworthy insights will receive 'Trader Badges' as a sign of reputation. The badges exist in several forms to reflect different types of trading styles, enabling new traders to find and follow mentors who fit their interests.
Gadgets 360
Binance Founder Joins Pakistan Crypto Council
In a major breakthrough for Pakistan's cryptocurrency $BTC ecosystem, Changpeng Zhao (CZ), the creator of Binance, has been officially welcomed aboard as a Strategic Adviser to the Pakistan Crypto Council (PCC). The development has the potential to transform the global crypto ecosystem, as CZ is one of the most prominent personalities in Web3. On his visit, CZ met with top government stakeholders such as the Prime Minister and the Deputy Prime Minister to talk about blockchain technology and fintech development. Binance
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Binance$BNB #
