Summary of major cryptocurrency news this week, including corporate purchases of XRP and predictions of Solana reaching 500 Dollars in 4 years.

## Summary of Materials for Cryptoassets (Virtual Currency)

Rate of change compared to the previous week (from the 25th to the 31st)

  • Bitcoin (BTC): $104,194 -3.5%
  • Ethereum (ETH): $2,535 -0.3%
  • XRP (XRP): $2.15 -7.3%
  • Solana (SOL): $158 -10.2%

This is a summary of the materials from the past week focusing on the top cryptoassets (coins) by market capitalization.

Market Cap Rank 1: Bitcoin (BTC)

MicroStrategy, a U.S. strategy firm, reported on the night of the 26th that it had invested a total of $427 million to purchase 4,020 BTC between May 19 and May 25, 2025. As a result, the company's Bitcoin holding has reached 580,250 BTC. This purchase, following last week's, was made at a price of $106,237 per BTC.

On the 21st, Google's quantum computing research team announced a new method that significantly reduces the number of qubits required to decrypt RSA encryption. According to researcher Craig Gidney, decrypting a 2048-bit RSA key will be possible within a week with fewer than a million qubits. (This point cannot be realized with current hardware.)

Bitcoin adopts elliptic curve cryptography based on mathematical principles similar to RSA.

Additionally, on the night of the 27th, Trump Media & Technology Group, which operates the social media platform "Truth Social," announced that it had reached an agreement for a total of $2.5 billion in funding with about 50 institutional investors. This will be achieved through a private placement of approximately $1.5 billion in common stock and $1 billion in zero-interest convertible preferred bonds, executing one of the largest Bitcoin financial strategies among publicly traded companies.

Furthermore, U.S. video game retail giant GameStop announced on the 28th that it has acquired 4,710 BTC of Bitcoin in an 8-K filing with the U.S. Securities and Exchange Commission (SEC). The company did not disclose the purchase cost, but it is believed to have utilized the $1.5 billion in convertible bond funds raised in April.

Bitcoin (BTC) news and price

BTC icon

BTC Exchange Comparison | Fees, Spreads, Savings, Lending Coins

a.t3-set { text-decoration: none !important; }

Market Cap Rank 2: Ethereum (ETH)

SharpLink Gaming, a sports gaming affiliate marketing company listed on the NASDAQ, announced a private placement of approximately $425 million on the night of the 27th. The company will issue about 69.1 million shares at $6.15 per share, with major investor Consensys, a leading firm in the Ethereum space, participating.

As of the 28th, 14% of Ethereum validators agreed to raise the gas limit for each block on the network to 60 million units.

This change does not require a hard fork and will automatically take effect if more than 50% of the validators express their support, but this proposal has sparked mixed opinions within the Ethereum community.

Ethereum (ETH) News - Price

eth icon

A thorough explanation of investment benefits and risks.

a.t3-set { text-decoration: none !important; }

Market Cap Rank 4: XRP

The Dubai Land Department (DLD) announced on the 25th the launch of the Middle East and North Africa's first real estate tokenization investment program on the "Prypco Mint" platform. Built on the XRP Ledger, the platform was realized through cooperation with the Virtual Assets Regulatory Authority (VARA) and the central bank.

Additionally, VivoPower International announced on the 28th that it has raised $121 million for a digital asset strategy focused on XRP. The company is a renewable energy firm listed on the NASDAQ and will become the world's first publicly traded company to be a major holder of XRP.

Additionally, Webus International, a provider of AI-driven mobility solutions, announced on the 29th a fundraising strategy of up to $300 million to establish an XRP reserve. The company is considering a diverse combination of non-dilutive methods such as cash reserves, bank loans, shareholder guarantees, and credit lines backed by third-party guarantees.

XRP News and Price

XRP icon

Thorough explanation of investment merits and risks

a.t3-set { text-decoration: none !important; }

Market Cap Rank 6: Solana (SOL)

On the 27th, the major cryptoassets wallet MetaMask announced the start of integration with the Solana network through its browser extension. Users can now manage their Ethereum and Solana accounts through a single interface.

On the 27th, Standard Chartered Bank announced that it has begun investment analysis on Solana. The bank predicts that SOL will rise from the current $175 to $500 by 2029.

Additionally, DeFi Development Corp., a Nasdaq-listed company (formerly Janover), announced on the 28th that it will adopt Liquid Staking Token (LST) technology as part of its financial strategy for Solana.

As part of this initiative, it is explained that they will invest a portion of the Solana they hold into the LST called "dfdvSOL" issued in collaboration with the liquid staking project "Sanctum."

Solana (SOL) News and Price

sol icon

Recommended Exchanges | Future Potential, How to Buy, and Total Risks Summary

a.t3-set { text-decoration: none !important; }

Market Cap Rank 170: NEXPACE (NXPC)

On May 15, 2025, the highly anticipated latest installment of the popular MMORPG, MapleStory N, was launched.

CoinPost conducted an exclusive interview with Sunyoung Hwang, CEO of NEXPACE, which develops and operates MapleStory N. We discussed the player monetization model, unique token economics, and prospects for the Japanese market.

XRP-1.59%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)