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Ripple donates “Skull of Satoshi” to promote cross-chain unity At the Bitcoin Conference on May 28, Ripple donated the “Skull of Satoshi” sculpture to the Bitcoin community as a goodwill gesture to ease tensions between crypto ecosystems. CEO Brad Garlinghouse said it symbolizes Bitcoin’s resilience and the industry’s unity. However, the move sparked division, as Ripple previously funded a campaign criticizing Bitcoin. The artwork was created by Benjamin Von Wong for the 2023 “Change the Code” campaign urging Bitcoin to switch from PoW to PoS.

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Elon Musk is leaving the Trump administration after 130 days serving as a special government employee under the Department of Government Efficiency (DOGE). During his tenure, he helped cut 260,000 federal workers—nearly 12% of the civilian workforce. Musk expressed disappointment with the Republican budget bill, saying it increases the deficit and undermines DOGE’s reform efforts. Despite protests, Musk defended his unelected role, granted extraordinary authority by Trump to restructure parts of the U.S. government. He emphasized that DOGE’s mission will continue and become a long-term standard across federal agencies.

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Ripple Asks SEC: When Does a Token Stop Being a Security? Ripple has urged the SEC to clarify when a digital asset, initially sold under an investment contract, should no longer be treated as a security. Citing Judge Torres’ 2023 ruling that XRP is not a security on secondary markets, Ripple proposes a “maturity” test—based on market cap, decentralization, and network openness—to determine a token’s status. The company criticized the SEC’s vague guidance and called for legal clarity, also supporting a safe harbor for good-faith actors. #Ripple #XRP #SEC #CryptoRegulation #CoinPhoton Source: https://www.sec.gov/files/ctf-written-input-ripple-052725.pdf

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A third suspect has been arrested in New York in connection with the violent kidnapping of an Italian Bitcoin investor. The 28-year-old victim was held captive for two weeks in a luxury Manhattan apartment, where he was reportedly tortured with electric shocks, beaten, and threatened at gunpoint to force access to his crypto wallet. Main suspects William Duplessie and John Woeltz now face multiple felony charges. The case highlights a growing trend of violent crimes targeting cryptocurrency holders. If convicted, both men could face sentences ranging from 15 years to life in prison.

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According to CryptoQuant, 99% of UTXOs are currently in profit, signaling potential market euphoria. UTXOs (Unspent Transaction Outputs) are a technical mechanism that ensures each BTC is only spent once, and they allow for assessing unrealized profits on unspent BTC. Reaching the 99% profit threshold is often associated with periods of market euphoria—typically a very bullish signal—but also one that calls for caution. At present, however, it's unclear whether the market has entered such a phase, as macroeconomic uncertainties and unclear policy direction from the Trump administration are keeping investors cautious. If this percentage starts to decline, it could mean shrinking unrealized profits, which may trigger significant profit-taking and force latecomers to capitulate and sell at a loss.

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