Weekly Wrap: SEC Withdraws Binance, GameStop’s Bitcoin Dive, $121M Boost to XRP and More

The last week of May 2025 delivered a whirlwind of transformative developments in the cryptocurrency area while setting the phase for a vibrant June. From a landmark regulatory shift in the U.S. to bold institutional investments and global political recommendations, the crypto market saw substantial momentum.

Let’s have a better look at this week’s top stories; Top Stories this WeekSEC Drops Binance Claim, Signals Significant U.S. Crypto Policy ShiftThe U.S. Securities and Exchange Commission (SEC) made a noteworthy headline this week by dropping its prominent suit versus Binance on Might 28, 2025. US Vice President JD Vance Dedicates to Crypto Market SupportAt the Bitcoin 2025 Conference in Las Vegas, U.S. Vice President JD Vance delivered a keynote address on May 27, 2025. This advancement highlights Solana and XRP’s increasing prominence amongst institutions and reinforces their functions in the developing crypto market.News You May Have MissedNigel Farage Proposes ‘Crypto Revolution’ for London: UK political leader Nigel Farage proposed a “Crypto Assets Bill” during a speech at the Bitcoin 2025 Conference, aiming to ignite a “crypto transformation” in London.Hong Kong-based HashKey Lists XRP for Institutions: HashKey Exchange, a Hong Kong-based, SFC-licensed crypto platform, released XRP/USD area trading solely for professional investors.Telegram’s Tie and No-tie with xAI: Telegram founder Pavel Durov revealed a $300 million deal with xAI to integrate the Grok AI chatbot into Telegram’s platform, only for Musk to refute the claim, specifying, “No offer has been signed.

Let’s have a more detailed look at this week’s top stories; Leading Stories this WeekSEC Drops Binance Suit, Signals Significant U.S. Crypto Policy ShiftThe U.S. Securities and Exchange Commission (SEC) made a noteworthy heading this week by dropping its prominent claim against Binance on May 28, 2025. United States Vice President JD Vance Devotes to Crypto Market SupportAt the Bitcoin 2025 Conference in Las Vegas, U.S. Vice President JD Vance provided a keynote address on May 27, 2025. This advancement underscores Solana and XRP’s increasing prominence amongst organizations and enhances their roles in the progressing crypto market.News You May Have MissedNigel Farage Proposes ‘Crypto Transformation’ for London: UK politician Nigel Farage proposed a “Crypto Assets Expense” throughout a speech at the Bitcoin 2025 Conference, aiming to spark a “crypto transformation” in London.Hong Kong-based HashKey Lists XRP for Organizations: HashKey Exchange, a Hong Kong-based, SFC-licensed crypto platform, released XRP/USD spot trading specifically for professional investors.Telegram’s Tie and No-tie with xAI: Telegram founder Pavel Durov revealed a $300 million deal with xAI to incorporate the Grok AI chatbot into Telegram’s platform, only for Musk to refute the claim, specifying, “No offer has been signed.

Sam Boolman | Crypto Enthusiast and Writer

Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.

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