The best stories of the week
Crypto runs at the center of the scene while Trump signs a bill on the search for stable
President Donald Trump signed one of the first bills linked to the crypto and the blockchain of his law administration after delays due to debates in the House of Representatives and the Senate.
During a signing ceremony on Friday attended by many leaders of the High-Warm cryptocurrency and Republicans, including vice-president JD Vance and the president of the Mike Johnson Chamber, Trump signed the law on the orientation and creation of national innovation for the stablescoins American (Genius).
The president recognized the support of several Crypto figures in the presence, notably the co-PDG of Kraken David Ripley, the co-founders of Gemini Cameron and Tyler Winklevoss, the CEO of Coinbase Brian Armstrong, the CEO of Circle Jeremy Allaire, the CEO of the attachment Paolo Ardoin and Robinhood CEO Vladim.
36% of generation Z spends the crypto daily; Generation X leads to high value expenses
Cryptocurrency payments are becoming more and more popular in various groups of users for daily purchases and high-value transactions, which indicates that digital assets ripen beyond their role of speculative instruments.
Generation Z users are distinguished in terms of daily transactions, with 39% crypto spending in the game and 36% on daily purchases and travel reservations.
Generation X dominates high -value expenses, with 40% using crypto for travel, digital and real estate products, according to a Bitget Wallet survey with 4,599 cryptographic portfolio users shared with Cointtelegraph.
The results show an increasing interest in the practical use of crypto. Games, daily purchases and travel reserve are the main categories.
Dave Portnoy threw his XRP two weeks ago: “I want to cry”
The founder of Barstool Sports, Dave Portnoy, kicked for most of his XRP only a few weeks before the cryptocurrency reached the New Year’s peaks at the beginning of the year Thursday.
“I would have made millions, and I want to cry. I no longer have it, even if I was the head of the XRP army,” said Portnoy in a video published Thursday at X.
His comments occurred shortly after XRP broke its annual summit by $ 3.29 and increased to $ 3.60, marking a gain of 19.61% in the last 24 hours at the time of publication, according to Nansen Data.
“I sold XRP when it reached $ 2.40 because the guy who told me to buy it told me to sell it because he thought that Circle would rivalalize with them and was not satisfied,” said Portnoy.
Bitcoin Satoshi-eer Bitcoin Shifts Second 40k BTC Galaxy Digital battery
A Bitcoin whale from the Satoshi era with 80 201 Bitcoin moved its remaining 40,192 Bitcoin, worth $ 4.77 billion in Galaxy Digital, joining a transfer of 40,009 BTC to asset manager on Tuesday.
Blockchain Onchain Data Service Onchain Lens was among the first to notice the new transfer. This means that the whale has evolved 80 201 to Galaxy Digital in the past four days, which is equivalent to $ 9.6 billion at current prices.
Meanwhile, at least 6,000 bitcoins were sent to the Binance of Crypto exchanges and by Binbit, the programs of the Nansen blockchain platform.
Trump Eyes Executive Order to open retirement funds in Crypto: Ft
US President Donald Trump should sign a decree that could allow US retirement plans 401 (K) to invest in alternative assets outside shares and bonds, such as cryptocurrencies.
The decree could be signed this week, the Financial Times reported on Thursday, citing three people who were informed of the plans.
The new investment options 401 (K) could take place on a wide range of assets, including digital assets, metals and funds focused on infrastructure transactions, business control and private loans.
The decree would perform Washington’s regulatory agencies to investigate the best way to follow for plans 401 (K) to start investing in crypto and investigating the remaining obstacles to make a reality, according to the Financial Times.
Winners and losers
At the end of the week, Bitcoin (BTC)) is $ 118,281, Ether (Ethn)) at $ 3,553 and Xrp at $ 3.43. Total market capitalization is 3.85 dollars, according to CoinmarketCap.
Among the 100 largest cryptocurrencies, the three main Altcoin winners of the week are Bonk (Bonk) at 53.65%, Curve Dao token (CRV) at 51.11% and Floki (Floki) to 40.43%.
The three main altcoin losers of the week are pump.fun (PUMP) at 29.73%, PI (PI) at 5.32% and hyperliquidal (THRESHING) at 5.05%. For more information on cryptography prices, be sure to read Cointelegraph market analysis.
Most memorable quotes
Anthony AnzaloneFounder and CEO of Xion:
“If anything, I see an opposite correlation between the success of this industry and the same market capitalization because it indicates that capital has nowhere to flow.”
Dave Portnoyfounder of Barstool Sports:
“I would have made millions, and I want to cry. I no longer have it, even if I was the head of the XRP army. ”
Eric JacksonFounder of Emj Capital:
“Once the ETH becomes a productive asset and dotted in a Wrapper ETF … It’s no longer just” digital oil “. It is an institutional quality yield product. »»
André DragoschDirector and research manager, Europe in Bitwise:
“Bitcoin is at new heights of all time, but the retail trade is almost untraceable.”
Katie StocktonFounder and Director Partner at Fairlead Strategies:
“This puts Bitcoin at around $ 135,000 as an intermediate term objective.”
Nassar Al AchkarDirector of strategy at Coinw:
“The adoption of the Trump engineering law and the US retiree market for cryptographic investments could unlock billions of billions of institutional capital.”
Superior prediction of the week
Stellar’s XLM has a most optimistic graph “in crypto, reflecting the XRP price
Stellar seems ready for a 35% rally of prices, driven by a bullish continuation model and the recent increase in XRP. XLM is consolidated in an ascending triangle, a conventional optimistic continuation configuration characterized by rising stockings and horizontal resistance.
The level of resistance, almost $ 0.52, has been tested several times since Tuesday, while the highest stockings show increasing purchasing pressure.
An escape greater than $ 0.52 could confirm the model and trigger a rally to $ 0.63 by August, marking a gain of 35% of the current price.
The upward target is derived by adding the maximum height of the triangle to the rupture point.
Top Fud of the week
A British officer imprisoned for 50 Bitcoin flights during the Silk Road 2.0 probe
A former National Crime Agency officer was sentenced to prison for stealing 50 Bitcoin – worth $ 5.9 million – seized with the co -founder of the deceased Black Market Silk Road 2.0.
The Crown continuation service said on Wednesday that Paul Chowles, a former Operational Operational Officer Agency who was part of a team investigating Silk Road and Silk Road 2.0, was sentenced to five and a half years’ imprisonment for stealing 50 bitcoin.
In May, Chowles pleaded guilty to accusations of theft, transfer of criminal goods and hiding criminal goods.
The proceedings accumulate against the strategy could take years, to go anywhere, says the lawyer
The proceedings against fraud in securities securities faced by Michael Saylor’s business strategy could take years to play – if they go anywhere, according to legal experts.
The strategy, formerly Microstrategy, was the pioneer of the use of Bitcoin (BTC) as a reserve of assets for corporate treasury bills. The company has been since 2020 to make regular Bitcoin purchases, with more than 601,550 BTC in its balance sheets and none plans to cap the accumulation.
Now the strategy means that investors question its cryptographic approach. In mid-July, at least seven law firms filed complaints against the strategy. Many complaints have similar allegations, echoing the fact that the defendants overestimated the expected profitability of its Bitcoin investment strategy and the risks of discreet volatility, as well as the extent of the losses that the company could recognize after the adoption of the ASU 2023-08 accounting principles.
El Salvador has not bought Bitcoin since his loan signature, said the IMF says
The International Monetary Fund (IMF) published on Tuesday a report on its current loan agreement with El Salvador, saying that the country of Central America has not bought Bitcoin again since its signature in December 2024.
The Bitcoin Chivo Bitcoin portfolio of El Salvador “does not adjust its Bitcoin reserves to reflect the changes in the Bitcoin deposits of customers,” said the report. Chivo does not sell his BTC, leading to “minor” deviations which made the public sector of El Salvador accumulate the BTC.
A letter of intention signed by the president of the central bank of El Salvador, Douglas Pablo Rodríguez Fuentes, and the Minister of Finance, Jerson Rogelio Posada Molina, content in the IMF report, confirmed the details:
“In accordance with commitments within the framework of the program, the Bitcoins stock owned by the public sector remains unchanged, and we take measures to mitigate tax risks by reducing the role of the public sector in the Chivo portfolio and by cropping the Bitcoin project.”
Top Magazine Histories of the week
Bitcoin Og Willy Woo sold most of his Bitcoin: this is why
Willy Woo does not pursue a potential 50x yield of Bitcoin outfit when opportunities with a 1,000x potential are on the table.
Dones ‘Slaughterbot’ in Ukraine, Mechahitler becomes sexy waifu: Ai Eye
The spicy companion of Waifu de Grok has a mixed reaction – and a same – in addition, new research suggests that AI agents are garbage.
Indignation as $ 1.8 billion “DGCX” Crypto Scam Ringleader Mocks Victim: Asia Express
Cryptographic fraud of $ 1.8 billion takes place in China, NFT offers digital citizenship in the Japanese village, and more.
