Hottest Crypto News of the Week 5/19-5/25: Vietnam Requests to Block Telegram App Due to Serious Cyberspace Violations, BNB Chain Schedules Maxwell Upgrade Deployment, Cetus Protocol (CETUS) Suspected of Being Hacked, Token Price Drops Sharply,

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Over the past week, the cryptocurrency market has seen many notable events. Join Allinstation in reviewing the hottest Crypto news of the week!

Weekly news May

Bybit Announces Suspension of Most Web3 Wallet Services

The cryptocurrency trading platform Bybit will officially cease most Web3 wallet-related services on May 31. Specifically, Bybit will close all cloud wallet services, private key wallets, and related products such as the decentralized exchange platform DEX Pro, Swap & Bridge services, and the NFT marketplace.

Details: Bybit Announces Suspension of Most Web3 Wallet Services

Multiple Congressmen Demand Investigation of Trump Memecoin Party

35 members of the US House of Representatives recently signed a letter to the US Department of Justice, requesting an investigation into the private dinner party hosted by President Donald Trump on May 22 for TRUMP meme coin holders. The congressmen believe that this event may have violated the "Foreign Emoluments Clause" of the US Constitution and provisions in federal anti-bribery laws.

Details: Multiple Congressmen Demand Investigation of Trump Memecoin Party

After Apple, Trump Threatens Tariffs on Samsung and Other Phone Manufacturers

US President Donald Trump has issued a warning to impose tariffs on smartphone manufacturers, not only targeting Apple but potentially expanding to Samsung - South Korea's largest electronics group.

Speaking in the Oval Office, Trump emphasized that all companies selling phones in the US must comply with domestic production regulations. "It will be Samsung or anyone else manufacturing that device. If not, that would be unfair," he told the press.

Details: After Apple, Trump Threatens Tariffs on Samsung and Other Phone Manufacturers

Texas Governor Supports Bill to Purchase Bitcoin Reserves

According to Cointelegraph on 24/5, Texas Governor Greg Abbott has officially expressed support for Bill SB 21 - an initiative to establish a strategic Bitcoin reserve fund for the state of Texas. The support message was publicly announced by Abbott through his official X (formerly Twitter) account.

Details: Texas Governor Supports Bill to Purchase Bitcoin Reserves

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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