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Weekly Crypto Round-up for May 24 - May 30, 2025

An overview of the week's events, updates and movements in the crypto space to stay up-to-date on the most important stories and market-shaping events.

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5min

May 29, 2025

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A comprehensive overview of the week's events, updates and movements in the crypto space to stay up-to-date on the most important crypto stories and market-shaping events.

1. KEY TAKEAWAYS

  • Dubai launches a $16B tokenized real estate project on XRP Ledger
  • Pakistan allocates 2,000MW of surplus power for Bitcoin mining and AI centers
  • Worldpay to support stablecoin payouts to 180+ countries, powered by BVNK
  • Trump Media Group to raise $2.5 billion to buy Bitcoin and crypto
  • Russia’s central bank approves Bitcoin and crypto derivatives
  • SEC drops Binance lawsuit

2. CONTENT

🇦🇪 Dubai has launched Prypco Mint, a blockchain-based platform allowing investors to buy fractional shares of real estate using the XRP Ledger. This initiative is part of a $16 billion plan to tokenize 7% of the city's property market by 2033. Currently, it's available to UAE residents with transactions starting at 2,000 dirhams (about $540), and plans are in place to expand access globally. The platform ensures that blockchain records are synchronized with official property records, aiming to enhance transparency and efficiency in real estate investments.

🌏 Pakistan has launched a major digital initiative by allocating 2,000 megawatts of surplus electricity to support Bitcoin mining and artificial intelligence (AI) data centers. This move, led by the Pakistan Crypto Council (PCC) under the Ministry of Finance, aims to transform underutilized energy into economic growth, attract foreign investment, and create high-tech jobs.

Finance Minister Muhammad Aurangzeb described this as a pivotal step in Pakistan's digital transformation, positioning the country as a strategic hub for data flow between Asia, Europe, and the Middle East.

🌐 Worldpay has partnered with fintech firm BVNK to enable stablecoin payouts for businesses across more than 180 countries. This collaboration allows Worldpay clients to make near-instant payments to customers, contractors, and other third parties using stablecoins, without the need to handle digital assets themselves. The service leverages BVNK’s embedded wallet infrastructure and is set to pilot in the second half of 2025.

💸 Trump Media & Technology Group (TMTG), the parent company of Truth Social, has announced plans to raise $2.5 billion to establish a "Bitcoin Treasury." The funds will be secured through the sale of $1.5 billion in common stock and $1 billion in convertible debt to approximately 50 institutional investors. This move aims to position Bitcoin as a core asset within TMTG's financial strategy, with the cryptocurrency being held by custodians Crypto.com and Anchorage Digital .

📊 Russia's central bank has authorized financial institutions to offer crypto-linked investment products to qualified investors. These instruments, including derivatives and digital financial assets tied to cryptocurrency prices, must be cash-settled—meaning investors can gain exposure to crypto price movements without directly owning the underlying assets. This development aligns with Russia's broader strategy to cautiously integrate digital assets into its financial system, balancing innovation with regulatory oversight.

The move also coincides with a significant increase in crypto asset inflows by Russian residents, which rose 51% in the first quarter of 2025 to 7.3 trillion rubles ($81.5 billion), indicating growing domestic interest in digital assets.

⚖️ The U.S. Securities and Exchange Commission (SEC) has officially dismissed its lawsuit against Binance, the world's largest cryptocurrency exchange, and its founder, Changpeng Zhao. This decision, filed in a Washington, D.C., federal court, concludes the case with prejudice, preventing the SEC from reopening it in the future.

Originally filed in June 2023, the SEC's lawsuit accused Binance and Zhao of multiple violations, including artificially inflating trading volumes, diverting customer funds, and facilitating the trading of unregistered crypto securities. The dismissal aligns with the SEC's evolving approach to cryptocurrency regulation under President Donald Trump's administration, which contrasts with the stricter stance taken under former President Joe Biden.

3. MARKET MOVES

📈 In the last 24 hours, Bitcoin's price moved -2.81% to $105.25k and trading volume moved +15.94% to $60.48b.

The crypto market remains as dynamic as ever, with new opportunities coming up every day. Whether you’re a seasoned trader, an investor or a beginner, stay informed with the latest trends and insights in crypto.

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The information does not constitute financial advice or recommendation and should not be considered as such. All content, including opinions and analyses, is intended for educational purposes only. It should not be considered as solicitation or recommendation for any investment decisions. We encourage you to conduct your own research prior to investing.

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