Binance Market Update (2025-05-31)

The global cryptocurrency market cap now stands at $3.32T, down by -3.35% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $103,069 and $106,000 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $103,497, down by -1.68%. Most major cryptocurrencies by market cap are trading lower. Market outperformers include BIFI, SLF, and FARM, up by 41%, 19%, and 11%, respectively. Top stories of the day: Crypto News: SEC Dismisses Case Against Binance, Signaling Shift Toward Regulatory Clarity in U.S. Crypto Policy Bitcoin Exchange Reserves Hit Record Low as Non-Custodial Storage Gains Popularity Mega Matrix Inc. Adopts Bitcoin and Ethereum as Reserve Assets Meta Platforms Shareholders Reject Bitcoin Financial Assessment Proposal Bitcoin Mining Difficulty Reaches Record High with 4.38% Increase Altcoin Season Index Declines to 16, Reflecting Market Trends Trump Announces Increase in Steel Import Tariffs to 50% REX Shares Submits Prospectus for Solana and Ethereum Staking ETFs New York City Comptroller Rejects Bitcoin-Backed Municipal Bonds Proposal Bitcoin Faces Potential Supply Shock Amid Institutional Demand Elon Musk to Join U.S. President Donald Trump's Advisory Team Brazilian Firm Meliuz Seeks to Raise $26.45 Million for Bitcoin Purchase U.S. Inflation Rate Expectations for May Show Decline Fed May View Inflation Report as Calm Before the Storm, Analyst Suggests Binance Alpha and Binance Contracts to Launch Bondex (BDXN) Market movers: ETH: $2519.2 (-3.65%) XRP: $2.1336 (-2.47%) BNB: $653.66 (-2.25%) SOL: $153.81 (-5.90%) DOGE: $0.18749 (-8.20%) ADA: $0.6649 (-5.10%) TRX: $0.2683 (-0.96%) WBTC: $103442.53 (-1.69%) TRUMP: $10.71 (-6.71%) SUI: $3.1402 (-8.70%) Top gainers on Binance: BIFI/USDT (+41%) SLF/USDT (+19%) FARM/USDT (+11%)