Enter Stellar (XLM), the underdog of the crypto world, which has been on a tear, surging by a whopping 63% in just seven days. That’s right, while XRP was up by a mere 39%, XLM was outperforming it like a pro. It’s like XRP was running a marathon, and XLM decided to take a shortcut through the park. 🏃♂️💨
As if awakening from a long slumber, lawmakers are rousing themselves, brushing the dust off their ethics manuals, and striding forth with renewed purpose. U.S. Representative Jimmy Panetta (D-CA), walking with the gravity of the times, declared on the sixteenth day of July his partnership in crafting two pivotal proposals—a noble partnership indeed, intended to fortify the walls of morality against the flood of digital temptation.
The White House, in a move that surprised absolutely no one, has announced Trump’s commitment to giving working Americans the wheel—or should we say, the wallet—when it comes to their savings. And if that wasn’t enough, there’s whispering in the air about small crypto transactions being exempt from capital gains tax. Because who doesn’t want a little extra motivation to hop on the Bitcoin bandwagon? 🚀
Now, we know what you’re thinking: “But what about the controversy surrounding XRP’s all-time high?” Well, let’s just say it’s a bit of a mess. Different exchanges and data aggregators can’t seem to agree on the numbers. However, according to the all-knowing CoinGecko, XRP has indeed blasted past its previous peak of $3.4 and is now sitting pretty at over $3.6.
The U.S. Department of Justice (DOJ) announced on July 16 that a ransomware suspect extradited from Ukraine has been charged in the United States after investigators traced over 1,600 BTC to his alleged criminal activity. Karen Serobovich Vardanyan, a 33-year-old Armenian national, was indicted in connection with a widespread cyber extortion campaign involving Ryuk ransomware. The FBI tracked the cryptocurrency as part of an international investigation into the group’s attacks on American companies, including a technology firm in Oregon.
Bitcoin price started a correction from the new high at $123,200. BTC dipped below the $120,000 level and tested the $115,500 zone.
This sudden surge isn’t just a fluke. It’s part of a broader market rally, led by the ever-popular Ethereum and Solana. What’s driving this? Oh, just a little thing called rising institutional interest and the fact that blockchain is finally starting to make sense in the real world. 🤷♀️
At Wednesday’s White House press briefing, Press Secretary Karoline Leavitt, with a smile that could rival the grin of a gambler who’s just won the pot, addressed the administration’s ongoing cryptocurrency agenda. This included President Trump’s stance against a central bank digital currency (CBDC) and his support for crypto-friendly legislation currently advancing through Congress, a move that could either save the nation or lead it into a digital abyss, depending on one’s perspective.
But, alas, dear reader, this surge is not merely a fleeting fancy. Nay, ’tis driven by the mighty forces of strong investor sentiment, regulatory tailwinds, and a sharp increase in trading volumes. The daily trading volume, a staggering $12 to $14.2 billion, doth rival the great fortunes of old! 💸
If the application is approved, the fund would give investors exposure to staking rewards accrued from using the underlying Ether as collateral security for Ethereum’s proof-of-stake consensus algorithm. Sounds like a mouthful, but trust me, it’s exciting stuff!
