Top News
🔥 Trump Orders Fed to Review Crypto Firms' Access to Payment Rails
President Donald Trump signed an executive order directing federal financial regulators to integrate digital assets and innovative technology into traditional payment systems, urging the Federal Reserve to review policies on payment accounts for fintech and crypto firms. This move aims to allow these companies to access payment services without relying on intermediary banks.
⚡ South Carolina Enacts Crypto-Friendly Legislation, Bans CBDCs
South Carolina Governor Henry McMaster signed Senate Bill 163 into law, establishing one of the most crypto-friendly state-level frameworks in the U.S. This legislation prohibits state government use of CBDCs, safeguards self-custody rights for Bitcoin, and exempts specific digital assets from taxation.
📉 Korean Funeral Company Faces Massive Losses from Cryptocurrency Investments
Bumo Sarang, a South Korean funeral service company, disclosed approximately $33 million in unrealized losses from investments in leveraged crypto-related ETFs. This highlights the risks associated with such investments, even for traditional businesses.
📈 Mainstream Asset Performance (24h)
BTC: +1.2% — Bitcoin broke above $77,000, recovering from a five-day losing streak after U.S. Senate passed a bill curbing Trump's Iran war powers.
ETH: +1.3% — Ethereum saw a modest rebound, though recent spot ETH ETFs have experienced significant outflows.
SOL: +2.0% — Solana showed positive movement, though its price is approaching key support levels amid decreased buying pressure.
🚀 Today's Top Gainers (Selected 2–3)
FIDA: +46.1% — Significant increase in trading volume and continuous capital inflow.
EDEN: +35.6% — Substantial rise in trading volume with sustained capital inflow.
🎁 Platform Activities & Reminders
🔥 Pharos Trading Competition
Binance Wallet has launched the PHAROS Trading Competition, offering participants a chance to win a share of $200,000 in rewards. The competition introduces a new feature called the Early Bird Bonus for early participants.
⚡ ALT Trading Tournament
Binance Spot is hosting an AltLayer (ALT) trading competition, where eligible users can share a prize pool of 300 BNB token vouchers. The activity period is from 2026-05-20 18:00 to 2026-05-27 18:00 (UTC+8).
