Weekly Article Recap: 5/26-5/30

The Stories that You Can’t Afford to Miss This Week

As the DeFi and crypto space continues to evolve at a rapid pace, it's essential to stay informed 

about the latest developments and trends. Our weekly recap provides a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space, helping you stay informed and up-to-date with the latest happenings.

US SEC Voluntarily Dismisses Lawsuit Against Binance and Founder CZ

The U.S. SEC has dropped its civil case against Binance and founder Changpeng Zhao, ending a legal standoff that began in June 2023. A joint filing on May 29 confirmed the case was dismissed with prejudice, preventing future re-litigation.

The SEC said the move was a discretionary policy decision, not a shift in its crypto enforcement stance. Binance hailed the outcome as a “huge win,” thanking SEC Chair Paul Atkins and the Trump administration for supporting innovation.

Read the full story.

FLOKI Launches U.S. Media Blitz Ahead of Valhalla Mainnet Launch

Floki has launched a three-month U.S. media campaign featuring national TV coverage reaching over 219 million households, a Times Square billboard takeover, and broad marketing efforts ahead of its Valhalla MMORPG game launch.

Just days earlier, its TokenFi platform secured a sponsorship for the 2025 West Indies Tour of Ireland, targeting 20 million global viewers.

Learn about Floki’s latest media campaign. 

LayerEdge Unveils Ambitious Vision for EdgenOS: Transition to a People-Backed Internet

LayerEdge, a decentralized verification protocol using zero-knowledge (ZK) proofs, has released a new roadmap shifting its vision from a Bitcoin-backed internet to a people-powered one.

The protocol introduced edgenOS, a system that turns everyday devices into verification nodes, aiming to decentralize trust across multiple blockchains.

Learn about the shift in the article. 

Thailand to Block Unlicensed Crypto Exchanges Including Bybit and OKX

Thailand’s SEC will block access to Bybit, OKX, CoinEx, XT.COM, and 1000X starting June 28, 2025. The move targets platforms operating without proper licenses under the 2018 Digital Asset Business law. The crackdown follows new powers granted by the updated 2025 Royal Decree on Technology Crime Prevention. The case is now with the Economic Crime Suppression Division for further action.

Read the full story. 

VivoPower International Raises $121M to Build XRP-Based Digital Treasury

Nasdaq-listed VivoPower International (VVPR) has raised $121 million in a private share placement to develop a digital treasury centered on XRP. The move positions VivoPower as one of the first public companies to adopt an XRP-focused strategy.

Saudi Prince Abdulaziz bin Turki Al Saud led the round with a $100 million investment through Eleventh Holding Company. The company will issue 20 million shares at $6.05 each, according to an SEC filing. Funds will support XRP accumulation and investment in the XRP Ledger ecosystem.

Find details here.