📰 Crypto Market Highlights – May 30, 2025
1. Binance Introduces Live Trading on Binance Square
Binance has launched a new feature on its social platform, Binance Square, enabling users to engage in live trading during livestreams. This integration allows viewers to follow verified creators' strategies in real-time and execute Spot or Futures trades directly within the stream, enhancing the interactive trading experience.
2. Bitcoin Hits New All-Time High Amid Market Optimism
Bitcoin (BTC) has reached a new all-time high, trading at $109,915, reflecting a 2.54% increase. This surge is attributed to factors such as the U.S. credit downgrade and ongoing stablecoin reforms, indicating strong market momentum.
3. U.S. House Proposes Digital Asset Market Clarity Act
Bipartisan lawmakers in the U.S. House of Representatives have introduced the Digital Asset Market Clarity Act. The proposed legislation aims to delineate regulatory responsibilities between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), ensuring clearer guidelines for cryptocurrency dealers and brokers, including mandates on fund segregation and conflict of interest disclosures.
4. Reform UK Embraces Cryptocurrency Donations
Reform UK, led by Nigel Farage, has become the first British political party to accept donations in Bitcoin and other cryptocurrencies. The party also unveiled a "Cryptocurrency and Digital Finance Bill," proposing a reduction in capital gains tax on crypto assets and the establishment of a national digital reserve at the Bank of England.
5. Trump Administration Rescinds Crypto Restrictions in Retirement Plans
The Trump administration has reversed a 2022 guideline that discouraged the inclusion of cryptocurrencies in 401(k) retirement plans. The Department of Labor now adopts a neutral stance, allowing fiduciaries to determine suitable investment options, potentially paving the way for broader adoption of crypto assets in retirement portfolios.
