Hello again! If you thought May was going to close out quietly, think again. This past week has been chaotic – full of volatility, influence, and power plays. From sudden exchange bans to surprising legal reversals, the industry is being pushed – and pulled – by regulators across the globe.
Thailand’s crackdown, the SEC’s unexpected move to drop charges, and growing political pressure in the U.S. are just a few signs that the industry is moving fast.
But let’s take a step back to get you all caught up. Here’s the top stories that you might have missed + everything you need to know to go into June well prepared.
Let’s begin.
#1 Trump-Era Shift? SEC Walks Away from Binance Battle
After nearly two years of headline-grabbing allegations, the SEC has dropped its lawsuit against Binance and co-founder Changpeng Zhao. The dismissal, filed with prejudice, means the regulator can’t reopen the case. The SEC simply said the decision was made “in the exercise of its discretion and as a policy matter.”
The move follows a 60-day pause and growing speculation about a regulatory tone shift under President Trump. Binance was originally accused of inflating volumes, misusing funds, and trading unregistered securities. Now? The case is closed with no admission of guilt.
Binance, as expected, celebrated the win as did the larger crypto community.
Huge win for crypto today. The SEC’s case against us is dismissed. Thank you to Chairman Atkins & the Trump team for pushing back against regulation by enforcement. U.S. innovation is back on track – and it’s just the beginning.
#2 Reform’s Farage Set to Make UK a Global Crypto Powerhouse
Nigel Farage is betting big on Bitcoin AND the British ballot. At Bitcoin 2025 in Las Vegas, the Reform UK leader unveiled his party’s “Crypto Assets and Digital Finance Bill,” promising to slash crypto capital gains tax to 10%, create a Bitcoin reserve at the Bank of England, and outlaw banks from de-banking crypto users.
“We are going to launch in Britain a crypto revolution,” he said, holding up the bill on stage.
With crypto adoption soaring among young Brits, Farage says it’s time to catch up and he’s ready to lead that charge.
#3 U.S. Lawmakers Launch CLARITY Act for Clear Crypto Rules
Regulatory confusion has been a constant headache for the U.S. crypto industry but that may be about to change. On May 29, bipartisan lawmakers introduced the CLARITY Act, aiming to draw clear lines around digital assets. Led by Rep. French Hill and supported by key figures like Tom Emmer, this bill wants to assign clear agency oversight and legal definitions to the crypto market. With areas like exchange registration and stablecoin rules on the table, it could bring much-needed certainty.
If passed, the CLARITY Act might be the framework the U.S. has long lacked, giving both investors and innovators room to breathe. Can’t wait!
#4 Trump Media to Join Bitcoin Billionaires’ Club
President Donald Trump’s media startup, Trump Media & Technology Group (TMTG), is making a headline-grabbing move: it plans to pour $2.5 billion into bitcoin. The company, known for Truth Social and Truth+, announced it will fund the purchase by selling stock and convertible bonds.
Devin Nunes, TMTG’s CEO and Trump ally, called bitcoin “an apex instrument of financial freedom” and said holding crypto will protect the company from “harassment and discrimination by financial institutions.”
This deal could soon put TMTG among the largest public corporate holders of bitcoin, showing how the Trump camp is doubling down on digital assets.
#5 Thailand Cuts Off Five Unlicensed Crypto Giants
Thailand is drawing the line! Starting June 28, five big-name centralized exchanges – Bybit, 1000X, CoinEx, OKX, and XT – will be cut off from the country’s internet. The Securities and Exchange Commission (SEC) made it clear: these platforms have been operating without proper registration. This is a protective move against crypto-related crimes and money laundering.
The Ministry of Digital Economy and Society will enforce the ban, aiming to shield investors and clean up Thailand’s digital scene.
#6 GameStop Buys Bitcoin, Loses Wall Street
GameStop just made a $500 million bet on Bitcoin but investors are not on board. The move, intended to offset falling video game sales, triggered a 10% stock drop immediately, and a total plunge of 23%.
While the company raised $1.5 billion to fund the pivot, critics aren’t sold. Many fear it’s like past mistakes, exposing GameStop to Bitcoin’s volatility. With store closures increasing and revenue declining, this shift has left the market asking: is this an act of desperation?
#7 Solana to Hit $275? Standard Chartered Thinks So
Standard Chartered dropped a bold forecast: Solana could hit $275 by end-2025 and stretch to $500 by 2029. The bank sees strength in Solana’s low-fee, high-volume use cases especially for financial and consumer apps. But there’s a catch: “achieving scale… could take time.”
Despite leading meme coin activity, the bank notes $SOL looks cheap compared to its application revenue. Still, it expects Solana to underperform Ethereum near-term, with the $ETH/$SOL ratio rising to 17 by 2027, before correcting. Big potential, but the road’s not smooth.
#8 Elon Musk Exits Trump Administration
Elon Musk is out. The billionaire has officially stepped down from his role in the Trump administration, citing mounting frustration with the federal government’s resistance to cost-cutting reforms.
As head of the DOGE (Department of Government Efficiency) Service, Musk had aimed to rein in bloated spending but Trump’s sweeping budget plan pushed the deficit in the opposite direction.
“Much worse than I realized,” he admitted, referring to the bureaucratic pushback.
#9 New Stablecoin Bill May Lock In Dollar’s Digital Future
The GENIUS Act recently cleared a major hurdle in the Senate, and it could redefine how the U.S. treats stablecoins and the dollar’s role in Web3. Backed by a 66–32 procedural vote, the bill demands 1:1 dollar reserves, strict audits, and federal licensing.
Foresight Ventures says this would make the USD the “world’s digital settlement currency.” However, let’s hold further speculation till the final floor vote.
#10 Cantor Fitzgerald Launches Bitcoin Fund
Crypto cautious? This might be for you. Cantor Fitzgerald is launching a five-year Bitcoin fund – but here’s the twist: it’s hedged 1:1 with gold. Capture Bitcoin’s upside while using gold to lock in downside protection. “It’s designed to bring traditional investors into the ecosystem,” said Chairman Brandon Lutnick at Bitcoin 2025.
Cantor’s previously teamed up with Maple and FalconX on BTC lending. Now, they’re taking a bigger swing at merging legacy finance with digital assets.
In the Spotlight
Here’s a few quick hits you shouldn’t miss!
SharpLink Doubles Down on ETH: In an interesting play, SharpLink Gaming shifted $425M into ETH and named Ethereum co-founder Joseph Lubin as chairman, marking one of the largest crypto treasury plays by a public company to date.
NY Crypto Investor Held Hostage: Michael Carturan, an Italian crypto investor, was abducted in New York and held hostage for 17 days – all so his captors could get to his Bitcoin. The suspects have been caught, but the case is a reminder that holding crypto wealth isn’t just a digital risk anymore.
Hong Kong Sets the Stage for Stablecoin Licensing: Hong Kong passed a law creating a formal license for fiat-backed stablecoin issuers. This puts it among the first to offer clear rules, aiming to attract global crypto firms and boost its Web3 ambitions.
SEC’s High-Profile June Summit: On June 5, the SEC will hold a conference highlighting how tokenization is transforming asset management and explore regulatory frameworks to support innovation in digital assets.
TON’s New VP Hire Sparks Rally: TONcoin surged nearly 16% after Nikola Plecas, ex-Visa payments exec, joined TON Foundation as VP of Payments. His move ignited a sharp buying spree, pushing $TON past $3.25 with strong volume support.
What’s Next for Crypto?
Major shifts to expect ahead:
With regulatory fog finally starting to clear, June looks set to bring some major moves. The GENIUS Act could reach final approval, potentially locking in the U.S. dollar’s digital future.
Expect more institutional players to jump in as clearer rules and new products, like Cantor Fitzgerald’s gold-hedged Bitcoin fund, gain traction.
Hong Kong is positioning itself as a stablecoin hub, attracting global crypto firms with fresh licensing laws and a clear regulatory framework.
May’s mix of regulatory progress, growing adoption, and security challenges shows the market is volatile but also maturing fast.
The crypto story keeps unfolding – we’ll bring you the headlines that matter. I’ll catch you next week, ready for what’s next.
The post Coinpedia Digest: This Week’s Crypto News Highlights | 31 May, 2025 appeared first on Coinpedia Fintech News
Hello again! If you thought May was going to close out quietly, think again. This past week has been chaotic – full of volatility, influence, and power plays. From sudden exchange bans to surprising legal reversals, the industry is being pushed – and pulled – by regulators across the globe. Thailand’s crackdown, the SEC’s unexpected …
This articles is written by : Nermeen Nabil Khear Abdelmalak
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