🕹️GameStop invests massively in Bitcoin
Welcome to the Daily Tribune of Thursday, May 29, 2025 ☕️
Hello Cointribe! 🚀
Today is Thursday, May 29, 2025, and as every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you should not miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
🌤️ Partly sunny
24h crypto recap! ⏱
🤖 Telegram raises $1.5 billion and partners with Elon Musk's AI
Telegram raised 1.5 billion dollars, attracting investors such as BlackRock, despite an ongoing investigation into its founder Pavel Durov. Meanwhile, the platform has signed a strategic partnership with xAI, Elon Musk's company, to integrate the Grok chatbot into its application. This agreement includes revenue sharing generated by this integration.
🕹️ GameStop invests 513 million dollars in Bitcoin
On May 28, 2025, GameStop announced the acquisition of 4,710 bitcoins for approximately 513 million dollars, marking its first major foray into cryptocurrencies. Despite this announcement, GameStop's stock price fell by 10.9% on the same day.
🇺🇸 Trump approves the BITCOIN Act and aims for 1 million BTC in reserve
Donald Trump approved the BITCOIN Act, legislation aiming to establish a strategic reserve of 1 million bitcoins for the United States. This initiative represents an unprecedented monetary strategy for the country.
📉 Bitcoin transaction fees reach a historic low
Transaction fees on the Bitcoin network have dropped to a historically low level, reaching 0.00011 BTC, or about 12 dollars. This decrease is attributed to a reduction in network activity and lower block congestion.
Crypto of the day: Toncoin (TON)
🧠 Part 1: Technology and Innovation
Toncoin is the native token of the The Open Network (TON), a layer 1 blockchain designed for seamless integration with the Telegram messaging application. Initially developed by Telegram, the project was taken over by the community following regulatory challenges, evolving into a decentralized platform focused on scalability, speed, and user-friendliness.
TON uses a unique sharded blockchain architecture, allowing parallel processing of millions of transactions per second. This design aims to provide a seamless user experience, with fast confirmation times and minimal transaction fees.
The network supports a variety of decentralized applications, including financial services, games, and productivity tools, while benefiting from Telegram's vast user base for potential mass adoption.
💰 TON Token – Utility and Distribution
The TON is used for:
Transaction fees: payment for operations on the network.
Staking: securing the network and participating in block validation.
Governance: voting on protocol upgrade proposals.
Payments: transactions between users and integration into decentralized applications.
The initial distribution of TON was carried out through private sales and community allocations, with special attention given to decentralization and user engagement.
📊 Market Data (as of May 29, 2025)
Current price: $2.15 USD
24-hour change: +$0.05 (+2.38%)
Market capitalization: approximately 7.3 billion dollars
Ranking on CoinMarketCap: #25
Circulating supply: 3.4 billion TON
24-hour trading volume: approximately 150 million dollars
Chainlink (LINK): simple pause or genuine technical recovery?
As the crypto market oscillates between consolidation and rebound attempts, Chainlink (LINK) is once again attracting the attention of technical analysts. The asset, known for its resilience and role in decentralized oracle infrastructure, is attempting a recovery after a prolonged correction phase.
A favorable technical structure, but key resistances still to be overcome
Since mid-May, LINK has been moving in a slightly upward trend, supported by a volume recovery and the formation of a structure of ascending lows and highs on daily time frames. The asset has broken out of a medium-term bearish channel, which constitutes a first signal of seller disengagement.
However, the $17.90 – $18.50 zone remains a critical technical resistance, where previous breakout attempts failed. A clear break above this level, accompanied by confirming volumes, would be a validation signal for a bullish extension toward the $21 – $22 zone.
The RSI indicator rises above 50, while the MACD attempts a positive crossover in neutral territory — two signals calling for caution but confirming a stabilization dynamic.
Market sentiment: A slow repositioning, absence of immediate fundamental catalyst
On the fundamental level, the context remains neutral in the short term. No major announcement currently justifies a sudden token revaluation. Nevertheless, the strength of the Chainlink ecosystem and its growing adoption in DeFi architectures continue to support a solid medium/long-term thesis.
Inflows on LINK remain moderate, and open positions on derivative markets do not reflect speculative euphoria. It is thus more of a progressive repositioning by medium-term players than a technical surge. This relative calm also offers the advantage of a rational entry point, without excessive indicator distortion.
Chainlink appears to be initiating a structured technical rebound, supported by improved indicators and an exit from bearish configuration. To confirm a genuine recovery, the market must confirm with a clear break of intermediate resistances and a sustained return in demand.
