Binance Market Update (2025-05-29)

The global cryptocurrency market cap now stands at $3.42T, down by -0.65% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $106,769 and $109,053 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $108,451, down by -0.14%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include SOPH, TRB, and WCT, up by 111%, 25%, and 18%, respectively.

Top stories of the day:

• Bank of Russia Approves Crypto-Linked Derivatives for Qualified Investors

• Bitcoin (BTC) Surpasses 108,000 USDT with a 0.63% Decrease in 24 Hours

• Russia's Central Bank Plans to Allow Qualified Investors in Crypto Derivatives

• Investor Confidence Grows as Bitcoin Holdings Increase

• Crypto Groups Urge SEC to Reconsider DAO Regulation

• Binance Japan Achieves ISO Certifications, Strengthening Security and Privacy Measures

• Former CFTC Chair Advocates for Enhanced Regulatory Authority in Crypto Markets

• UK Seeks to Expedite Trade Agreement with the U.S.

• Nasdaq Futures Surge by 2% as U.S. Markets Rally

• Elon Musk's Departure from U.S. Government Confirmed by White House

• Federal Reserve Predicts Stagflation and Rising Unemployment

• U.S. Court Blocks Trump's Tariff Policy Citing Overreach

• U.S. Dollar Index Sees Significant Daily Increase

• SEC Announces Agenda for Upcoming DeFi Roundtable

• Pakistan to Establish Bitcoin Strategic Reserve Following U.S. Example

• Meta Urged to Consider Bitcoin for Corporate Strategy

• Federal Reserve Minutes Suggest Potential Rate Cuts by Year-End

• Federal Reserve Attributes Dollar Weakness to Trade Policy Concerns

• Federal Reserve Predicts Slower GDP Growth Due to Trade Policies

• BlackRock Plans to Acquire 10% Stake in Circle Internet's IPO

• U.S. Vice President Vance Views Cryptocurrency as Inflation Hedge

• Ripple ETF Approval Probability Rises to 83% on Polymarket

• European Central Bank Expected to Cut Interest Rates Amid Economic Trends

• U.S. Labor Department Reverses Stance on Cryptocurrency in Retirement Plans

• SEC to Discuss Digital Assets and Tokenization at June 5 Conference Featuring BlackRock, Fidelity, and Franklin Templeton

• Bitcoin Funding Rates Turn Negative Amid Market Shifts

• GameStop Announces First Bitcoin Acquisition Amid Rising Share Prices

• Bitcoin's Influence on U.S. Capital Markets Grows

• U.S. Treasury Yields Expected to Rise Amid Fed Rate Speculations

• Binance Futures Launches MERLUSDT Perpetual Contract With Up to 50x Leverage

• Reddio (RDO) Launches as 20th Token Generation Event on Binance Wallet via PancakeSwap

Market movers:

• ETH: $2719.31 (+3.33%)

• XRP: $2.2921 (-0.11%)

• BNB: $689.59 (+1.07%)

• SOL: $172.69 (-0.35%)

• DOGE: $0.22522 (+1.56%)

• ADA: $0.7519 (+0.28%)

• TRX: $0.2779 (+1.09%)

• WBTC: $108328.75 (-0.09%)

• TRUMP: $12.56 (-0.71%)

• SUI: $3.6574 (-1.11%)

Top gainers on Binance:

• SOPH/USDT (+111%)

• TRB/USDT (+25%)

• WCT/USDT (+18%)