In a week full of major developments across the cryptocurrency and global markets, Ripple provided a noticeable gesture to the Bitcoin community, large companies added billions of dollars in Bitcoin to their budgets, and President Trump tension tensions with a new tariff.
These events come at a time when the digital asset industry pushes unity and organizational clarity, as more institutions have now diversified in Bitcoin and XRP.
Ripple donates “Satoshi Skull” for the Bitcoin Museum
Ripple Garlinghouse CEO has announced a “Satoshi Skull” of Bitcoin. The statue will be displayed in the Bitcoin Museum in Nashville. The 11 -foot technical work, created by Benjamin von Wong with Greenpeace USA, was built from neglected electronics and was originally part of an environmental campaign.
The art piece was first shown in March 2023 during the “Change of the Code, not the Climate” campaign. He was supposed to criticize the energy use of the Bitcoin Labor Model. However, Bitcoin community adopted the statue as a symbol of strength.
Brad Garlinghouse shared the news on X, saying: “The Satoshi skull is originally designed to attract attention to the use of Blockchain energy, and today it is a symbol and a reminder of the amazing power of survival in Bitcoin for many around the world (including I!). “
Bitcoin’s possessions increase through companies
During the last week of May, many companies announced the purchases of large Bitcoin. Gamestop Corp. confirmed. The first acquisition of Bitcoin is 4,710 BTC, which is worth about $ 513 million. The purchase is funded using revenue from the 1.3 billion dollar transfer bonds.
Microstrategy, which has now been renamed as a strategy, acquired 4,020 BTC, at a value of about $ 427 million. The total company’s total biases now exceed 580,000 BTC. Trump Group has announced the media and technology that it raised $ 2.4 billion to build a bitcoin wardrobe, although it did not share the exact number of acquired metal currencies.
DDC Enterprise Limited 79 BTC added to its reserves, up to 100 BTC. Hetking Infotrain, an Indian IT training company, also revealed the Bitcoin Investment Plan, but the size is still unknown.
Twenty One Capital, a backed company, raised $ 100 million through convertible notes to buy more bitcoin. It now owns 31500 BTC, ranked third as the best general holder in Bitcoin after the strategy and Maara Holdings.
Meanwhile, the Meta platforms, the parent company for Facebook and Instagram, rejected the shareholder proposal to allocate part of the cabinet to Bitcoin.
XRP acquires a land as the origin of the Treasury
While Bitcoin took control of the acquisitions, XRP also witnessed the renewed attention of companies. On May 28, the Ault Capital Group (ACG), a subsidiary of excess data, She shared her plan To buy $ 10 million from Ripple Taken XRP by the end of the year. The company will also launch the XRP lending platform targeting the companies listed on the New York Stock Exchange. XRP assets will be distinguished to the fair market value on financial reports.
On the same day, VivoPower International revealed plans to become the first focus of XRP. With the support of 121 million dollars in a special financing led by Prince Abdulaziz bin Turki Abdulaziz Al -Soud, the company will use part of the capital to create a XRP wardrobe and support LEDGER XRP projects.
Later, webus international, a company based in Amnesty International, revealed a value non -rights financing of up to $ 300 million. These developments follow previous news from Wellgistics Health, which announced a $ 50 million credit line to create a XRP wardrobe.
Trump doubles steel and aluminum definitions amid commercial tensions
On May 30, President Donald Trump announced a new step for the commercial policy that involves steel and aluminum imports. The customs tariff will increase on both articles from 25 % to 50 %, starting from June 4. The announcement came during a march near Pittsburg and was linked to the approval of $ 14.9 billion between Nippon Steel and Us Steel.
The administration says that policy will call us Manufacturers and job protection. However, it has caused criticism from the main commercial partners. The Export Organization in India has worried about the low access to the markets for its solid and aluminum sector.
The US Federal Court recently ruled parts of Trump’s previous emergency powers to trade, but the Court of Appeal allowed the new definitions to remain temporarily.
Trump also accused China of violating a deal on rare metal exports. He plans to discuss the matter directly with President Xi Jinping. These tensions may affect the ongoing trade negotiations between the two countries.
Efforts to regulate encryption and recovery continue
The law of the clarity of the digital assets market has been welcomed by many in the encryption industry. Stewart Aldouti’s chief legal officials described the law as a “great victory” to determine the standards. He said that the action could be a reference point for other future policies.
Meanwhile, the recovery process entered a new stage of CETUS. About $ 160 million of stolen assets has been secured in a multival, SUI, and OTERSEC. The recovery plan includes contract updates and fully restarting.
CETUS will host the public Twitter space on June 2 to discuss the recovery and ask community questions. The penetration occurred on May 23, when the total loss is estimated at 260 million dollars. CETUS promised to pay users, regardless of continuous societal sounds.
Kelvin Monin Murithi
Kelvin is a distinguished writer who has experience in encryption and financing, holding a Bachelor’s degree in Actura Sciences. It is famous for its careful analysis and insightful content.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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