Top stories of the week
Crypto executed the center stage as Trump has signed the StableCoin bill in the law
US President Donald Trump on Friday signed one of the first bills related to crypto and blockchain of his administration due to a delay due to debate in the House of Representatives and Senate.
Several Cryptocurrency Company officials and high-ranking Republicans participated, including Vice President JD Vance and House Speaker Mike Johnson involved several Cryptocurrency Company officials and high-ranking Republicans, Signed by Trump to establish a national innovation for American Stabelin (Genius).
The President acknowledged the support of several crypto data in the presence, including Crackon-cum-CEO David Repley, Mithun’s co-founder Cameron and Tyler Vinklevos, CEO Brian Armstrong, CEO of Circle, Circle CEO Jeremy Elear, Tiththon CEO Paolo Erdoono and Robinood CO Wludimiv.
36% of General Z spends daily crypto; General X leads high-value expenses
Cryptocurrency payments are becoming more popular in various user groups for daily purchases and high-value transactions, showing that digital property is maturing beyond their role as speculative devices.
General Z users stand out in terms of daily transactions, with 39% crypto on gaming and 36% on daily purchase and travel booking.
The General X dominates high-value expenses, traveling with 40%, using crypto for digital products and real estate, according to a bitgate wallet survey of 4,599 crypto wallet users, has been shared with co.slegraphs, according to the survey.
Conclusions show increasing interest in practical use of Crypto. Gaming, daily purchases and travel bookings are the top categories.
Dave Portnoy dumped his XRP two weeks ago: ‘I want to cry’
Dave Portnoy, the founder of Barstool Sports, is kicking himself a few weeks before the Cryptocurrency New Year-Tarikh reaches a high level on Thursday.
Portnoy said in a video posted to X, “I must have earned millions, and I want to cry. I am no longer the owner of it, even though I was the leader of the XRP army.”
Shortly after the XRP broke his annual high $ 3.29, his comments came and according to Nansen’s data, increased to 19.61% in the last 24 hours at the time of publication, marking to $ 3.60.
Portnoy said, “I sold to XRP when it went to $ 2.40 because the person who asked me to buy it asked me to sell it because he thought that the circle would compete with them and was unhappy with them,” Portnoy explained.
Satoshi-era bitcoin whale shifts second 40k BTC pile to Galaxy Digital
A Satoshi-era bitcoin whale with 80,201 bitcoin has transferred the remaining 40,192 bitcoins, which has been included in the 40,009 BTC transfer in asset manager on Tuesday, in Galaxy Digital, in Galaxy Digital.
Blockchain Onchain Data Service Onchain Lens was among the first people to notice new transfer. This means that the whale has shifted 80,201 to Galaxy Digital in the last four days, which is equal to $ 9.6 billion at current prices.
During this time, at least 6,000 bitcoins were sent to the Crypto Exchange and Bibit, Blockchain Intelligence platform Nansen show.
Trump Eyes Executive Order to open retirement funds for Crypto: FT
US President Donald Trump is allegedly prepared to sign an executive order that can allow the US 401 (K) retirement plan to invest in alternative assets outside the stock and bonds, such as cryptocurrency.
Executive orders can be signed for some time this week, the Financial Times on Thursday cited three people, who have been informed on the schemes.
The new 401 (K) investment options can run in a broad spectrum of assets, including digital assets, metals and infrastructure deals, corporate acquisitions and funds focused on private loans.
According to The Financial Times, the Executive Order will instruct the Washington regulatory agencies to investigate the best path for 401 (K) plans to start investing in Crypto, and will have to check any remaining obstacles.
Winner and losers
At the end of the week, bitcoin ,BTC, $ 118,281 is on ether ,ET, At $ 3,553 and XRP At $ 3.43. The total market cap is $ 3.85 trillion, According For coinmarketcap.
The largest in 100 cryptocurrency, the top three altcoin are beneficiaries bones of the week (Bonk) At 53.65%, Curve Dao Token (CRV) 51.11% and on Floki (Floki) At 40.43%.
Top three altcoin losing pumps of the week are (Pump) At 29.73%, PI (PI) 5.32% and on hyperlicid (Publicity) At 5.05%. For more information about crypto prices, be sure to read the market analysis of cointelegraph.
Most memorable quotes
Anthony azaloneFounder and CEO of Xion:
“If anything, I see an inverted correlation between this industry and the success of the Memcoin market cap because it reads that it is not better to flow the capital.”
Dave portnoyFounder of Bestool Sports:
“I must have earned millions, and I want to cry. I am no longer the owner of it, even if I was the leader of the XRP army.”
Eric jacksonFounder of EMJ Capital:
“Once Eth becomes a producer, staked asset within an ETF casing … it is no longer ‘digital oil’.” It is an institutional-grade yield product. ,
Andre dragoshDirector and Head of Research, Europe on Bitwaiz:
“Bitcoin is on the new all-time high, but retail is almost found.”
Katie StocktonFounder and Managing Partner Faired Strategies:
“This puts bitcoin in approximately $ 135,000 as an intermediate-term purpose.”
Nasar al AchkarChief Strategy Officer in Coinw:
“Tills can be unlocked in institutional capital with the passage of the Genius Act and Trump’s plan to open the US retirement market for crypto investment.”
Top prediction of the week
The Crypto in the staller’s XLM has a ‘Most Bulish Chart’, which is mirroring the XRP price
The staller looks set for a 35% value rally, which is powered by a rapid continuity pattern and recent bounce of XRP. XLM is integrated within a ascending triangle, a classic rapid continuity setup that is characterized by increasing climbing and horizontal resistance.
The resistance level near $ 0.52 has been tested several times from Tuesday, while high climbing increases purchase pressure.
$ 0.52 can confirm a breakout pattern above 0.52 and trigger a rally towards $ 0.63 by August, marking a 35% profit from the current price.
The reverse target is taken by adding maximum height of the triangle at the brakeout point.
Top Fads of Week
UK officer put 50 bitcoin in jail during Silk Road 2.0 investigation
A former official of the National Crime Agency has been sentenced to jail for stealing 50 bitcoins-now a price of $ 5.9 million has been seized from the co-founder of the online Black Market Silk Road 2.0.
The Crown Prosecution Service said on Wednesday that Paul Choules, a former operating officer of the National Crime Agency, who was part of the Silk Road and Silk Road 2.0, was sentenced to five and a half years imprisonment for 50 bitcoin theft.
In May, the chowles convicted the allegations of theft, transferred criminal property and hidden criminal property.
Case of prosecutors against strategy can take years, go anywhere, lawyers say
Securities cheating cases facing Michael Sayler’s company’s strategy may take years to play – if they go anywhere according to legal experts.
The strategy pioneered the use of bitcoin (BTC) as an asset reserve for corporate treasury. The company is making regular purchases of bitcoins since 2020, with no plans to captivate more than 601,550 BTC and cap.
Now, the strategy has questioned investors its crypto approach. By mid -July, at least seven law firms have filed complaints against the strategy. Several complaints have similar claims, resonating that the defendants abolished the anticipated profitability of their bitcoin investment strategy and understood the instability risks, as well as the company can recognize the quantity of loss after adopting the ASU 2023-08 accounting principles.
L Salvador has not bought bitcoin since signing the loan deal, says IMF
The International Monetary Fund (IMF) on Tuesday published a report about its ongoing loan agreement with Al Salvador, claiming that the Central American country has not bought any new bitcoins since signing the agreement in December 2024.
Al Salvador’s Chivo Bitcoin Wallet “does not adjust its bitcoin reserves to reflect changes in bitcoin deposits of customers,” read in the report. Chivo does not sell its BTC, leading to “minor” discrepancies, which seems as if the public sector of Al Salvador was collecting BTC.
A letter signed by a letter signed by Douglas Pablo Rodriguez Futentees, and Finance Minister, Jerson Rosalio Posada Molina, a letter signed within the IMF report confirmed the details:
“The stock of bitcoin organized by the public sector remains unchanged in accordance with the commitments under the program, and we are taking steps to reduce fiscal risks by reducing the public sector role in Chivo Wallet and re -introducing the bitcoin project.”
Top magazine stories of the week
Bitcoin Og Willie Wu has sold most of his bitcoin: why is it here
Willy Wu Bitcoin is not pursuing a potential 50x withdrawal when 1,000x capacity opportunities occur at the table.
‘Slotterbott’ drone in Ukraine, Mekahiller becomes sexy venue: AI I
Grocke’s spicy wafu fellow Annie gets mixed response – and a memecoin – plus, new research suggests that AI agents are rubbish.
Outrage as $ 1.8b ‘DGCX’ Crypto Scam Ringalder Mox suffered: Asia Express
Crypto fraud of $ 1.8 billion in China provides digital citizenship in NFT Japanese village, and more.
