TON Surges 16%, GameStop's Bitcoin Bet, XRP-Circle Rumors, and Altcoin Market Woes

Digital Assets Decoded: Your Daily Crypto Guide podcast.Digital Assets Decoded: Your Daily Crypto GuideHey crypto enthusiasts! Crypto Willy here with your weekly roundup of everything that's been shaking in the digital asset space. What a week it's been in the crypto world as we close out May 2025!Let's dive right in with the biggest headline – Toncoin absolutely crushed it this week! TON surged nearly 16% on May 28 after former Visa executive Nikola Plecas joined the TON Foundation as VP of Payments. This appointment has investors buzzing about enhanced payment infrastructure on The Open Network, which supports Telegram's web3 applications. We saw TON skyrocket from $3.18 to $3.29 in just two minutes with massive volume spikes. Technical analysis shows strong support at $2.97 with new resistance at $3.27, suggesting this bull run might have legs.Meanwhile, GameStop made waves with their controversial $500 million Bitcoin purchase, but the market wasn't impressed. Their stock took a beating, falling 10% immediately after the announcement and plummeting 23% overall. Despite raising $1.5 billion to fund this crypto pivot, investors are skeptical about this strategy to offset declining video game sales. Many experts are warning that Bitcoin's volatility might expose GameStop to even more financial instability.Speaking of Bitcoin, it's currently trading above 104,000 USDT with a slight 1.62% decrease over 24 hours according to Binance Market Data. We've also seen Guofu Quantum cashing in, as they sold approximately 20 bitcoins between May 9 and May 19, netting about $2.07 million (HKD 16.1 million).On the altcoin front, there's serious chatter about Ripple potentially acquiring Circle. CryptoQuant's founder and CEO Ki Young Ju shared some fascinating insights about XRP's recent market performance on X. If these acquisition rumors prove true, it could be a game-changer for those betting on the future of stablecoins. Anyone anticipating Circle's IPO might want to keep a close eye on XRP.In exchange news, Thailand has reportedly banned international crypto exchanges, though details remain scarce. And for gaming token enthusiasts, Binance Alpha officially listed Tokyo Games Token (TGT) for trading on May 21.The broader altcoin market has taken quite a beating this week as traders process renewed U.S.-China tariff tensions, Bitcoin whale sell-offs, and a general risk-off sentiment. It's looking like we might be in for a volatile June.That's all for this week's roundup! This is Crypto Willy signing off – stay decentralized, my friends!Get the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

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