🚨 Web3 Unfiltered: What’s Actually Happening in Crypto?

Author

CoinGape Media
May 28, 2025

News

In a strategic collaboration, Telegram has inked a lucrative deal with Elon Musk’s xAI to distribute its innovative Grok AI platform to the messaging app’s vast user base. While this marks a major move in Telegram’s vision of AI innovation, the TON price is surging and is up by 23%.

🏛 US Labor Department Withdraws Rule Against Bitcoin’s Inclusion In Retirement Plans

The US Labor Department is making a U-turn from its previous stance against the inclusion of Bitcoin and cryptocurrencies in retirement plans. Going forward, the Labor Department will adopt a neutral position toward cryptocurrencies, potentially opening the floodgates for fiduciaries to include them in 401(K) plans.

Markets

Bitcoin (BTC) is facing stiff resistance around $110,000, its previous all-time high, as fears of a deeper correction intensify. The inflow of $3.2 billion worth of BTC into exchanges adds tailwind to the ongoing uptrend. A look at Bitcoin’s technical analysis reveals that a breakdown below $107K to $108K could trigger a crash toward $102K, while a surprise bullish catalyst, such as corporate Bitcoin adoption, could catalyze a push to record highs.

Crypto price today wavered as profit-taking continued. Bitcoin dropped to $108,300, while the combined market cap of all coins dropped to $3.42 trillion and the 24-hour liquidation fell by 6% to $203 million. This article provides crypto price predictions for top coins like TRUMP, SPX, and HYPE.