Crypto News | May.30.2025
Here's a summary of today's top crypto news for Friday, May 30, 2025:
📉 Market Overview
- Bitcoin (BTC) dropped below $105,000, while Ethereum (ETH) is down to around $2,577.
- The market dip is being blamed on renewed U.S.–China trade tensions and profit-taking after recent gains.
- Investors are showing caution, and volatility is expected to continue through the weekend.
🏛️ Regulatory Developments
SEC Drops Binance Lawsuit:
The U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against crypto exchange Binance, a sign of a more crypto-friendly approach under the Trump administration.New Crypto Regulation Bills in Congress:
- The House of Representatives introduced the Digital Asset Market Clarity (CLARITY) Act, which aims to bring clearer rules for crypto assets.
- The Senate is moving forward with new stablecoin regulations to ensure transparency and security in the use of digital dollars.
🏢 Corporate Moves
Trump Media Invests $2.32 Billion in Bitcoin:
Trump Media & Technology Group has raised $2.32 billion through a private investment round — and it plans to use the funds to buy Bitcoin, signaling big institutional belief in crypto’s future.OpenSea Launches New NFT Platform:
The popular NFT marketplace OpenSea has launched OS2, a new platform designed for better performance, scalability, and user experience in the growing NFT ecosystem.
🌍 Global Moves
Pakistan’s Bitcoin Strategy:
- Pakistan has announced the creation of a national Bitcoin reserve.
- It is also allocating 2,000 megawatts of power to support Bitcoin mining and AI data centers, marking a major commitment to digital innovation.