📰 Crypto News Roundup – May 29, 2025 📰
Hey Binance fam! 👋
Here’s a quick roundup of the latest happenings in the crypto world:
1. Bitcoin Dips Below $110K
Bitcoin ($BTC ) has dipped below the $110,000 mark, currently trading around $107,000. Analysts suggest this could be a buying opportunity, with key support levels around $106,800.
2. $XRP ETF Proposal Under SEC Review The SEC is evaluating a proposed XRP Spot ETF by WisdomTree, focusing on investor protection and safeguards against manipulation.
3. Pakistan to Establish Bitcoin Reserve
In a significant policy shift, Pakistan announced plans to establish a strategic Bitcoin reserve, aiming to bolster its financial infrastructure.
4. US Banks Cautiously Approach Crypto
Major US banks are exploring crypto services but are awaiting clearer regulatory guidelines before fully committing.
5. Ripple Challenges SEC on Crypto Classification
Ripple has argued that fungible cryptocurrencies should not be classified as securities in secondary transactions, citing legal precedents.
Let’s keep the conversation going! What are your thoughts on these developments?
