Binance News Updates – May 30, 2025

1. Binance Lists New Proof-of-Stake (PoS) Altcoin

New Listing: Binance announced the listing of SAGA (SAGA), a new PoS-based altcoin focused on scalable Layer-1 infrastructure.

Trading Pairs: SAGA/USDT and SAGA/BTC $SAGA

available starting today.

Staking Available: Binance Earn now offers locked staking with up to 18% APY for SAGA.

2. Binance Launches Institutional Custody Service

Binance Custody has officially rolled out cold storage custody services for institutional clients, targeting regulatory-compliant fund management.

Focus on Europe and Asia-Pacific institutional clients amid growing demand.

3. Regulatory Update: Binance and the UK FCA

Binance is reportedly in discussions to restore limited operations in the UK after complying with FCA’s revised VASP requirements.

Expectation of a new partnership model with licensed UK fintechs.

---

🔸 General Crypto Market News – May 30, 2025

1. Bitcoin Holds Above $70,000

Bitcoin (BTC) $BTC is trading around $71,200, up 2.4% in 24h.

Positive sentiment due to rumors of interest rate cuts by the Fed next quarter.

2. Ethereum Gas Fees Drop to 6-Month Low

Due to EIP-7600 optimizations on L2 networks, Ethereum gas fees are at the lowest since November 2024.

L2s like Arbitrum and Optimism report 30% increase in volume this week.

3. Solana Integrates with Shopify

Shopify merchants can now accept Solana Pay as a checkout option.

SOL$SOL price surged 5% after the announcement, now trading at $162.40.

4. US Senate Bill Proposes Classification of Staking as Non-Taxable

A bipartisan crypto tax reform bill proposes staking rewards only taxed upon sale, not when earned.

Major win for PoS networks like Cardano, Ethereum, and Cosmos.