Best Week stories
Crypto Execs Center Stage where Trump Bell signs the law on the law
US President Donald Trump, one of the first bills related to encryption and blocs, signed his administration in the law on Friday after delay due to discussions in the House of Representatives and the Senate.
At Friday’s signing ceremony, which was attended by many CEPTOCURNCY COMPary executives and high -ranking Republicans, including Vice President JD Vance and House Speaker Mike Johnson, Trump signed the direction and creation of national innovation in favor of the United States (Genius) in law.
The President admitted to supporting many encryption figures in the attendance, including Krakeen Co-COO DAVID RIPLY, GEINI founder, Cameron and Tyler Winkelvos, CEO of Coinbase Brian Armstrong, CEO of Serker Jeremy Aller, CEO of Tether Paolo Ardoino and Robinhood Vladimir Tenev.
36 % of Gen Z spends a daily encryption; Gen X leads high valuable spending
Curricula payments have become more popular across the different user groups of daily purchases and high -value transactions, indicating that digital assets ripen beyond their role as speculative tools.
Gen Z users are highlighted in daily transactions, with 39 % of encryption on games and 36 % in daily purchases and travel reservations.
Gen X dominates high -value spending, with 40 % using Crypto for travel, digital products and real estate, according to the 4,599 Bitget portfolio surveying common purchasing purchasing wallet with Cointelegraph.
The results show the increasing interest in the practical use of Crypto. Games, daily purchases and travel reservations are the highest categories.
Dave Portnoy threw his XRP two weeks ago: “I want to cry”
Barstool Sports Dave Portnoy founder kicks the same for most XRP just weeks before the cryptocurrency has reached its highest level throughout Thursday.
“I would have made millions, and I wanted to cry. I no longer owned it anymore, although I was the commander of the XRP army,” Porto said in a video posted on X on Thursday.
His comments came shortly after XRP broke the highest annual level of $ 3.29 and rose to $ 3.60, which represents a profit of 19.61 % over the past 24 hours at the time of publication, according to Nansen data.
“I sold XRP when it rose to $ 2.40 because the man who told me to buy it told me that I sell it because he believed that a circle will compete with them and was not satisfied with it,” Portoi explained.
Bitcoin Satoshi-Ily turns the second whale 40k BTC into Galaxy Digital
Bitcoin whale in the Satoshi era with 80, 201201 Bitcoin has converted 40,192 Bitcoin, worth $ 4.77 billion, to Galaxy Digital, where it joined the transfer of 40,009 BTC to the asset manager on Tuesday.
Service Blockchain Onchain Data Service Lens Onchain was among the first to notice the new transport. This means that the whale has turned 80,201 to Galaxy Digital in the past four days, equivalent to 9.6 billion dollars at current prices.
During this time, at least 6000 bitcoin was sent to Binance and BYBIT, and Blockchain Intelligence Nansen platform.
Trump Eyes An executive order to open retirement boxes on encryption: foot
US President Donald Trump is said to be signed by an executive order that can allow American retirement plans 401 (K) to invest in alternative assets outside stocks and bonds, such as cryptocurrencies.
The Financial Times reported on Thursday that the executive matter can be signed this week, noting three people who were briefed on the plans.
The new 401 investment options (K) can work through a wide range of assets, including digital assets, minerals and boxes that focus on infrastructure deals, corporate preparations and private loans.
The executive matter would clarify the organizational agencies in Washington to investigate the best path forward for plans 401 (K) to start investing in encryption, and investigating any remaining obstacles to making them a reality, according to the Financial Times.
Winners and losers
At the end of the week, Bitcoin ((BTC)) It is at $ 118281, the ether ((Eth)) In $ 3553 and Xrp At $ 3.43. The total maximum market is $ 3.85 trillion, according to Coinmarketca.
Among the 100 largest encrypted currencies, the three best winners of Altcoin of the week are Bonk (Bonk) In 53.65 %, DAO code curve (CRV) In 51.11 % and Floki (Floki) In 40.43 %.
The three most important losers per week are a pump. Von (pump) In 29.73 %, PI (Bay) In 5.32 % and hyperless (Noise) In 5.05 %. For more information about encryption prices, be sure to read market analysis in Cointelegraph.
Most unforgettable quotes
Anthony I put me downChion CEO and CEO:
“If there is anything, I see a reverse relationship between the success of this industry and the Memecoin market, because it reads that the capital has no place to flow.”
Dave PortoBarstool SPORTS:
“I would have made millions, and I wanted to cry. I no longer own it anymore, although I was the XRP army commander.”
Eric JacksonEmj Capital:
“Once ETH is one of the productive assets, the amazing assets inside the ETF cover … is no longer just a” digital oil “. It is a product of institutional return.”
Andre DragoshDirector and Head of Research, Europe at Bitwise:
“Bitcoin is at all levels at all, but retail sale can not be found almost.”
Katie StockonFairlead Strategies: Fairlead Strategies:
“This puts Bitcoin about $ 135,000 as a medium -range goal.”
AkkarCoinw strategy officials:
“The approval of the genius law and Trump’s plan to open the American retirement market for encryption investments may open trillion in institutional capital.”
The highest prediction of the week
XLM in Stellar has “more optimistic plan” in Crypto, which reflects the price of XRP
Stellar looks specified for 35 % prices, driven by the upcoming and upcoming XRP. XLM is integrated into an ascending triangle, which is the preparation of a classic rise characterized by high resistance and horizontal resistance levels.
The resistance level, near $ 0.52, has been tested several times since Tuesday, while its lowest levels appear to increase the purchase pressure.
It can confirm the outbreak of more than $ 0.52 the pattern and lead to an increase of about $ 0.63 by August, which represents a profit of 35 % of the current price.
The bullish goal is derived by adding the maximum height of the triangle to the penetration point.
Fud higher than the week
UK officer prison for 50 bitcoin theft during the Silk Road 2.0 probe
A former officer of the National Crime Agency was sentenced to steal 50 Bitcoin-which is now worth $ 5.9 million-was seized by the co-founder of The Silk Silk Road 2.0 online.
The prosecution service in the Crown Prince said on Wednesday that Paul Chewels, a former operation officer at the National Crime Agency, was part of a team that was investigated on the Silk and Silk Road 2.0 road, with a five and a half years imprisonment to steal 50 bitcoins.
In May, Chuls acknowledged that he was guilty of the charge of theft, the transfer of criminal property, and the concealment of criminal property.
The lawyer says that the lawsuits accumulated against the strategy may take years, and do not go anywhere
Securities fraud lawsuits that face Michael Cellor strategy may take years to play – if they go anywhere at all, according to legal experts.
The strategy, which was previously microscopes, was a pioneer in the use of Bitcoin (BTC) as a asset reserve for corporate cabinet. Since 2020, the company has been making regular purchases of Bitcoin, with more than 601,550 BTC in its public budgets and there are no plans to achieve accumulation.
Now, the strategy has investors who question the encryption approach. As of mid -July, at least seven law firms filed complaints against the strategy. Many complaints have similar claims, taking into account that the defendants exaggerate the expected profitability of the Bitcoin investment strategy and the risk of reducing fluctuations, as well as the size of the losses that the company can recognize after adopting the principles of accounting ASU 2023-08.
The International Monetary Fund says El Salvador has not buys Bitcoin since the signing of a loan deal
The International Monetary Fund (IMF) published a report on Tuesday on the ongoing loan agreement with El Salvador, claiming that the Central American country has not bought any new bitcoin since the signing of the agreement in December 2024.
The report wrote that its Bitcoin’s Bitcoin’s archives “do not adjust Bitcoin reserves to reflect the changes in bitcoin deposits to clients.” Do not sell Chivo BTC, which leads to “simple” differences that made it look as if the public sector of Salvador accumulates BTC.
A letter of intentions signed by the President of the Central Bank Al -Salvador, Douglas Pablo Rodriguez Venets, and Minister of Finance, Jerson Rojilio Posada Molina, mentioned in the International Monetary Fund report, confirmed details:
“In line with the obligations under the program, the bitcoin stocks that the public sector keeps unchanged, and we are taking steps to reduce the financial risks by reducing the role of the public sector in the Chevo portfolio and reformulating the Bitcoin project.”
The best stories of the week magazine
Bitcoin Og Willy Woo has sold most Bitcoin: Here is the reason
Willing Woo does not chase a potentially 50x of Bitcoin when the opportunities have 1000x capabilities on the table.
“Slaughterbot” drones in Ukraine, Mechahitler becomes exciting and Evo: AI Eye
Grok’s hot companion and Evo gets a mixed reaction – and Memecoin – in addition, new research indicates that artificial intelligence factors are garbage.
Anger with $ 1.8 billion “DGCX” deception of deception mocks victims: Asia Express
NFT, which cost $ 1.8 billion in China, secretes digital citizenship in the Japanese village, and more.
