The best stories of the week
Center Center Crypto EXECS, when Trump signs the Stablecoin Bill Act
US President Donald Trump signed one of the first bills related to the crypto and blockchain of his administration on Friday after delay due to debates in the House of Representatives and Senate.
In the Friday ceremony of signing many directors of a cryptocurrency company and high Republicans, including vice president JD Vance and Marshal of the House Mike Johnson, Trump signed the presidency and establishing the National Act on the American Act Stablecouins (brilliant).
The president confirmed the support of several current cryptocurrencies, including Ko-Coo Kraken David Ripley, co-founders of Gemini Cameron and Tyler Winklevossa, general director of Coinbase, Brian Armstrong, Jeremy Allaire, general director of Tether Paolo Ardoino and Robinhood CEO Vladimir Tenev.
36% gene with Crypto daily; Gen X conducts high -value expenses
Cryptocurrency payments are becoming more and more popular in various groups of users in everyday purchases and high -value transactions, which indicates that digital resources mature outside their role as speculative instruments.
Gen from Gen users stand out daily transactions, and 39% spent cryptography on the game and 36% on daily shopping and travel reservations.
Gen X dominates in expenses of high value, and 40% exploit cryptocurrencies for travel, digital products and real estate, according to the study of the Bitget portfolio with the participation of 4,599 users of the cryptographic portfolio of the Cointelegraph shared.
Discoveries show the growing interest in practical exploit of crypto. Games, daily shopping and travel reservations are the best categories.
Dave Portnoy abandoned XRP two weeks ago: “I want to cry”
The founder of Barstool Sports, Dave Portnoy, kicks for selling most of his XRP for a few weeks before the cryptocurrency reached Modern Year’s ups on Thursday.
“I would do millions and want to cry. I don’t have it anymore, even though I was the leader of the XRP army,” said Portnoy in a film published on Thursday on X.
His comments appeared shortly after XRP broke the annual level of USD 3.29 and increased to USD 3.60, which means an escalate of 19.61% in the last 24 hours at the time of publication, according to Nansen data.
“I sold XRP when it increased to USD 2.40, because the guy who told me to buy it, told me to sell it because he thought Circle was competing with them and was dissatisfied,” explained Portnoy.
Satoshi-era Bitcoin Whale moves a second pile of 40K BTC to Galaxy Digital
Whale Bitcoin Satosh-Eera with 80.201 Bitcoins shifted the remaining 40 192 bitcoins worth $ 4.77 billion to Galaxy Digital, joining on Tuesday 40 009 BTC to the asset manager.
Blockchain Onchain Data Service Onchain The lens was one of the first to notice a modern transfer. This means that the whale has moved 80.201 to Galaxy Digital in the last four days, which means $ 9.6 billion at current prices.
At that time, at least 6,000 Bitcoins were sent to Crypto Exchanges Binance and Bybit, shows Nansen Platform Blockchain Intelligence.
Trump Eyes Executive Order Opening of pension funds at Crypto: FT
US President Donald Trump is supposed to sign an executive ordinance that could allow American retirement plans 401 (K) invest in alternative assets outside of shares and bonds such as cryptocurrencies.
The executive order can be signed this week, reports the Financial Times on Thursday, citing three people who were informed about the plans.
Modern investment options 401 (K) can meet a wide spectrum of assets, including digital assets, metals and funds focused on infrastructure transactions, corporate acquisitions and private loans.
According to the Financial Times, the ordinance would instruct Washington’s regulatory agencies to investigate the best path forward for 401 (K) plans to invest in cryptography and examine other obstacles in realization.
Winners and losers
At the end of the Bitcoin week (Btc) costs $ 118,281, ether (Eth) for USD 3553 i XRP for USD 3.43. The total market capitalization is USD 3.85, According to to Coinmarketcap.
Among the 100 largest cryptocurrencies, the top three Altcoin Gainers of the Week to Bonk (Bang) at 53.65%, Dao token curve (CRV) at 51.11% and Floki (Floki) at 40.43%.
The three best losers Altcoin this week are FUN pumps (PUMP) and 29.73%, PI (PI) at 5.32% and hyperlic (Noise) at 5.05%. For more information on cryptographic prices, read the analysis of the CointeLgraph market.
The most memorable quotes
Anthony AnzaloneFounder and General Director of Xion:
“If you can see the opposite correlation between the success of this industry and the market capital, because it reads that capital has no better flow.”
Dave PortnoyFounder of Barstool Sports:
“I would do millions and want to cry. I don’t have it anymore, even though I was the leader of the XRP army.”
Eric JacksonFounder of Emj Capital:
“When ETH becomes a productive, erected resource in the ETF packaging … it is no longer just” digital oil “. It is a product for a yield of institutional class. “
André DragoschDirector and head of research, Europe in Bitwery:
“Bitcoin is at the highest levels, but you can almost find retail anywhere.”
Katie StocktonFounder and managing partner at Fairlead Strategies:
“It puts Bitcoin on around USD 135,000 as an intermediate goal.”
Nassar al AchkarCOINW strategy director:
“Transfer of the Genius and Trump plan to open the American pension market for cryptocurrency investments can unlock trillions in institutional capital.”
The best forecasts of the week
XLM Stellar has a “most stubborn chart” in Crypto, reflecting the price of XRP
Stellar looks like a 35% price rally, powered by a stubborn continuation pattern and a recent XRP growth. XLM consolidates in a growing triangle, a classic stubborn configuration of a continuation characterized by growing low and horizontal resistance.
The resistance level, nearly 0.52 USD, has been tested many times since Tuesday, while higher minima shows a growing purchase pressure.
A breakthrough above 0.52 USD can confirm the pattern and call a rally to USD 0.63 to August, which means a 35% escalate from the current price.
The purpose of the growth is derived by adding a maximum height of the triangle to the breakdown point.
Top fud of the week
UK officer imprisoned for 50 Bitcoin thefts during the Silk Road 2.0 probe
The former officer of the National Crime Agency was sentenced to prison for theft of 50 Bitcoins-present with a value of $ 5.9 million-from a co-founder of the non-existent online black market Silk Road 2.0.
On Wednesday, Paul Chowles, a former officer for the National Criminal Agency, who was part of the team led by Silk Road and Silk Road 2.0, was sentenced to five and a half years of imprisonment for theft of 50 Bitcoins.
In May, Chowles pleaded guilty on charges of theft, transfer of criminal property and hiding criminal property.
The lawyer says that lawsuits accumulating with a strategy may last years
According to legal experts, lawsuits for fraud of securities, which are facing Michael Saylor’s strategy, may last years – if they go anywhere they go.
The strategy, earlier, Microstrategy, was a pioneer of the exploit of Bitcoin (BTC) as asset reserves for corporate treasures. The company has been buying bitcoins regularly since 2020, with over 601 550 BTC in its balances and without plans to limit accumulation.
Now the strategy makes investors question their cryptographic approach. In mid -July, at least seven law firms lodged complaints against the strategy. Many complaints have similar claims, repeating that the accused have overestimated the expected profitability of Bitcoin investment strategy and a low risk of variability, as well as the amount of losses that the company could recognize after adopting the accounting principles of ASU 2023-08.
The IMF claims that El Salvador has not bought bitcoins from signing the loan agreement
On Tuesday, the International Monetary Fund (IMF) has published a report on the current loan agreement with El Salvador, claiming that Central America has not bought any modern Bitcoins since the signing of the contract in December 2024.
The Chivo Bitcoin wallet in the El Salvador “does not adapt Bitcoin reserves to reflect changes in customer bitcoin deposits,” we read in the report. Chivo does not sell his BTC, which leads to “small” discrepancies, which made it look as if the Salvador’s public sector was gathering BTC.
A letter of intent signed by the president of the Central Salvador Bank, Douglas Pablo Rodríguez Fuentes and the Minister of Finance, Jerson Rogelio, Molina, contained in the IMF report, confirmed the details:
“According to the obligations under the Bitcoin stock program, the public sector remain unchanged, and we take steps to reduce the fiscal risk by reducing the role of the public sector in the Chivo portfolio and closing the Bitcoin project.”
The best stories of the weekly warehouse
Bitcoin og Willy Woo sold most of his bitcoins: Here’s why
Willy Woo does not chase the potential 50 -time return from keeping bitcoins when there are possibilities on the table with a potential of 1000x.
“Slaughterbot” drones in Ukraine, Mechahitler becomes sexy Waifu: Ai eye
The zingy companion of Waifu GroK does not receive a mixed reaction – A Memecoin – and modern research suggests that AI agents are garbage.
Indignation as USD 1.8 billion “DGCX” Crypto fraud Ringlader Wins victims: Asia Express
A cryptographic fraudster worth $ 1.8 billion spreads in China, NFT offers digital citizenship in a Japanese village and many others.
