The crypto market is heating up: The SEC officially drops its case against Binance, Bitcoin holds strong above $105,000, whales are cashing out, and institutions are buying the dip.
Here’s a fast, insightful roundup of what’s moving $BTC , DOGE, TRX and how the Fed, BlackRock, and macro headlines are shaping the market.
Binance
The SEC has dropped its lawsuit against Binance.
The U.S. Securities and Exchange Commission officially ended the civil case against Binance with a “dismissed with prejudice” status — meaning it cannot be refiled. Binance called this a “landmark moment” and welcomed the regulator’s shift toward more open crypto market regulation.
Binance expands offerings:
The meme token $BOB has been listed.
A perpetual futures contract LA/USDT with up to 50x leverage has launched.
Additional Binance updates:
Binance announced participation rules for Alpha users in the CUDIS TGE — the threshold is 210 points.
Binance added monitoring tags to tokens BIFI, FIS, KMD, and MDT.
Binance Wallet launched a Solana staking campaign with a total prize pool of $1 million.
Binance completed the integration of Hashflow (HFT) into the Solana network, enabling token deposits and withdrawals.
Launched the “Liquidity Boost Program for Small-Cap Coins,” starting with IOTX.
Crypto Market
Market correction: Bitcoin ($BTC) is holding above $105,000 amid active profit-taking by major investors. Among altcoins, Dogecoin ($DOGE) and Cardano ($ADA) saw the most significant decline. TRON ($TRX ) was one of the few top altcoins to show growth. The market sentiment index remains in the “greed” zone, which gives analysts grounds to predict a potential new BTC rally.
Major liquidations: Around $200 million in positions were forcibly liquidated over the past 24 hours, mostly long positions.
Whale activity: The largest BTC holders realized record profits, selling up to $500 million worth of Bitcoin in a short time. This triggered a temporary market pullback. At the same time, institutional investors are using the price dip to increase their positions, stabilizing the market.
Macroeconomics and Geopolitics
Pause in Fed rate hikes: Weak U.S. economic data increases expectations that the Federal Reserve will pause interest rate hikes and may begin cutting rates as early as this summer.
Employment data revision: The U.S. Bureau of Labor Statistics announced a minor adjustment to April data, which does not affect the overall labor market stability.
Postponement of U.S.–EU trade war: The U.S. has postponed the planned tariff increases on EU goods to July 9, 2025, reducing risks to the global economy.
Other Important Events
New SEC approach: Paul Atkins, the new head of the SEC, confirmed a commitment to open crypto regulation instead of a fine-and-lawsuit strategy.
Cryptocurrencies in California: State lawmakers approved the use of crypto for paying government fees starting in 2026.
Institutional adoption: BlackRock’s Bitcoin ETF reached $72.4 billion in assets under management, reflecting record institutional interest in BTC and ETH.
National BTC reserves: The U.S. and Pakistan are considering Bitcoin as a strategic asset to build national reserves and protect against economic threats.
Coinbase: The platform added PancakeSwap ($CAKE ) to its roadmap.
U.S. Senate: Michelle Bowman has been confirmed as Vice Chair for Supervision at the Federal Reserve.
SEC: The Commission has delayed its decision on Canary’s spot SUI ETF application.
Conclusion
The latest developments highlight the growing recognition of cryptocurrencies by institutional players, regulators, and governments. The reduction in geopolitical risks and the softening of monetary policy create a favorable environment for further development of the crypto market — despite current volatility.
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