TON Soars, GameStop Gambles, Bitcoin Breaks $104K, Ripple Eyes Circle, and TGT Levels Up on Binance Alpha

The Blockchain Revolution: Cryptocurrency & DeFi Insights podcast.

Hey crypto crew, it’s your buddy Crypto Willy here, bringing you the latest and most electrifying updates from the blockchain and DeFi space for the week ending May 31, 2025.

Let’s kick things off with the explosive news from The Open Network, better known as TON. On May 28, TON’s native token, $TON, shot up by nearly 16% after Nikola Plecas, a former Visa exec, joined the TON Foundation as Vice President of Payments. This move is a huge credibility boost, signaling that TON is doubling down on payment infrastructure. The market wasted no time: $TON rocketed from $3.18 to $3.29 in just two minutes, riding a tidal wave of over 2.1 million tokens traded in a single minute. The vibe? Bullish, with a new support at $2.97 and resistance at $3.27—TON is officially in the spotlight.

But not every headline is rosy. Over at GameStop, the meme-stock legend shocked Wall Street by sinking $500 million into Bitcoin. You’d think diamond hands would cheer, but instead, GameStop’s stock sank 10% on the news and a whopping 23% for the week. Investors aren’t buying the pivot, worrying the volatile world of crypto could worsen GameStop’s struggle with falling sales and store closures. The company had just raised $1.5 billion, so this gamble has everyone holding their breath.

Meanwhile in Bitcoinland, the world’s favorite digital gold has been busy. Bitcoin broke past $104,000 this week, though it cooled off a bit, ending with a 1.62% dip over 24 hours. Whale sell-offs and global tension between the U.S. and China triggered a mini altcoin crash, reminding us all just how sensitive the market can be to big movers and macro jitters.

Ripple and XRP couldn’t stay out of the rumor mill either. Speculation is swirling that Ripple might acquire Circle, the firm behind stablecoin USDC. While unconfirmed, this potential move could reshape the stablecoin wars, especially with Circle’s much-anticipated IPO on the horizon. Market watchers like CryptoQuant’s Ki Young Ju are keeping a close eye, suggesting that those eyeing Circle’s IPO may start looking into XRP as a sideways bet if this acquisition materializes.

On the trading floors of Asia, Hong Kong’s Guofu Quantum made headlines by selling off 20 Bitcoins between May 9 and May 19, pocketing $2.07 million. This reflects a broader sentiment: institutional crypto management is alive and well, with big companies actively managing their holdings like any other treasury asset.

And finally, for those into gaming and tokens, Binance Alpha officially listed Tokyo Games Token (TGT) for trading on May 21. This opens new doors for play-to-earn and esports fans who want to put skin in the game—literally.

That’s your whirlwind tour of this week in crypto. From executive shake-ups to wild bets and juicy rumors, the blockchain revolution keeps on rolling. Stay tuned, keep your wallets safe, and remember—Crypto Willy’s got your back.

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