In a week filled with major development in cryptocurrency and global markets, Ripple made a remarkable gesture for the Bitcoin community, large corporations added billions to their balance sheet in bitcoin, and President Trump fulfilled the trade tension with the new tariff.
These events push for unity and regulatory clarity as a digital asset industry, with more institutions, both bitcoin and XRP have been diversity.
Ripple donated ‘Satoshi’s skull’ to Bitcoin Museum
Ripple CEO Brad Garlinghouse announced donation “Satoshi’s skull” for the bitcoin community. The sculpture will be displayed at the Bitcoin Museum in Nashville. The 11-foot artwork made by Benjamin von Wong with Greenpeace USA was made from renunciation and originally part of an environmental campaign.
The piece of art was first shown in March 2023 during the “Code Change the Climate” campaign. This was to criticize the energy use of the proof-of-work model of bitcoin. However, the Bitcoin community adopted the idol as a symbol of power.
Sharing the news on X, Brad Garlinghouse said: “Satoshi’s skull was originally designed to focus on blockchain energy use, and today it is a symbol and is a symbol of bitcoin’s incredible living power that is for many people around the world (including me!,
Corporations increase in bitcoin holdings
During the last week of May, several companies announced the purchase of large bitcoins. Gamestop Corp confirmed its first bitcoin acquisition of 4,710 BTC, priced at around $ 513 million. The purchase was funded using income from offer of $ 1.3 billion convertible bonds.
Microstrategy, now ready as strategy, 4,020 more BTC acquiredAbout $ 427 million value. The company’s total holding is now more than 580,000 BTC. The Trump Media and Technology Group announced that it raised $ 2.4 billion to create a bitcoin treasury, although it has not shared the exact number of coins received.
DDC Enterprise Limited added 79 BTCs to its reserves, making it a total of 100 BTC. An Indian IT training firm, Jetting Infotrain also revealed a bitcoin investment plan, but the size remains unknown.
Twenty-one capital, a tether-supported firm, Also raised $ 100 million Through convertible notes to buy more bitcoins. Now it holds 31,500 BTC, ranking as the third largest public bitcoin holder after strategy and Mara Holdings.
Meanwhile, Facebook and Instagram’s original company Meta platforms have rejected a shareholder proposal to allocate bitcoin to a portion of its treasury.
XRP receives ground as Treasury Asset
While Bitcoin dominated the acquisition, XRP also saw corporate interest afresh. On May 28, Alt Capital Group (ACG), a subsidiary of Hypersscale data, Share your plan Ripple tokens by the end of the year to buy the price of $ 10 million of XRP. The firm will also launch an XRP lending platform targeted on companies listed on NYSE. XRP assets will be marked for the appropriate market price on financial reports.
On the same day, Vivopover International revealed the plan to become the first XRP-focused venture. Prince Abdulziz bin Turkish Abdulziz al-Saud supported $ 121 million in private funding, the company would use the share of capital to create an XRP Treasury and support XRP laser-based projects.
Later, website International, an AI-based firm, Revealed a non-equity financeing deal Price up to $ 300 million. These developments follow the pre -Velgistics Health reports, which announced a $ 50 million credit line to create XRP Treasury.
Trump coupled steel and aluminum tariffs amidst trade tension
On 30 May, President Donald Trump announced a new trade policy step by incorporating steel and aluminum imports. The tariffs on both materials starting from June 4 will increase from 25% to 50%. The announcement was made during a rally near Pittsburgh and tied up with a $ 14.9 billion agreement between Nippon Steel and US Steel.
Administration says that policy will support us Protecting manufacturer and jobs. However, it has criticized major business partners. India’s export organization expressed concern about low market access to its steel and aluminum areas.
The US federal court recently rejected Tram’s earlier parts of the earlier emergency powers on trade, but an appeal court has allowed the new tariff to be temporarily lived.
Trump also accused China To break a deal on rare-earth mineral exports. He plans to directly discuss the matter with President Xi Jinping. These tension can affect the ongoing trade talks between the two countries.
Crypto regulation and recovery efforts are ongoing
Digital asset market clarity act The crypto industry has been welcomed by many. Ripple’s Chief Legal Officer, Stuart Aldroti called the law a “big victory” to establish standards. He said that the Act can serve as a reference point for other future policies.
Meanwhile, the recovery process from the Cetus Protocol hack has recorded a new phase. About 160 million dollars in the stolen assets have been secured in the Multising Wallet controlled by Cetus, Sui Foundation and Ottersec. The recovery plan includes the contract update and a full relown.
Cetus will host A public Twitter space on 2 June to discuss recovery and take community questions. Hack occurred on 23 May, with the total loss of $ 260 million. Cetus has promised user reimbursement, regardless of the ongoing community votes.
Calvin Munene Murithi
Kelvin is a prestigious writer with specialization in Crypto and Finance, who holds a bachelor’s degree in Aquarius Science. Known for its obvious analysis and practical materials, they have a strong command of English and excellently in doing completely research and providing a cryptocurrency market updates on time.
Disclaimer: The material presented may include the author’s personal opinion and is subject to the market status. Do your market research before investing in cryptocurrency. The author or publication does not have any responsibility for your personal financial loss.
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