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Ripple Donates "Satoshi Nakamoto's Skull," Multiple Companies Increase Bitcoin Holdings, Trump Raises Steel and Aluminum Tariffs Triggering Trade Tensions

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May 31, 2025

Several major events occurred this week in the cryptocurrency and global markets. Ripple donated a "Satoshi Nakamoto Skull" sculpture to the Bitcoin Museum, symbolizing unity between the $BTC and $XRP camps. Multiple companies made large-scale Bitcoin purchases, including GameStop acquiring 4,710 $BTC, and Trump Media raising 2.40 billion USD to establish a Bitcoin treasury. Ault Capital and VivoPower announced a combined 131 million USD $XRP treasury investment plan. Trump raised steel and aluminum tariffs from 25% to 50%, escalating US-China trade tensions. The digital asset industry is promoting unity and clearer regulations, with more institutions beginning to invest in both Bitcoin and $XRP simultaneously. Ripple's Chief Legal Officer called the "Digital Asset Market Clarity Act" a significant victory for the industry. After the Cetus protocol was hacked, approximately 160 million USD was securely locked, and recovery plans are underway.

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