Crypto Market Surges, XRP Breakouts & Major Partnerships: Latest Crypto News Explained!

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Bitcoin is hovering around $118,000 after a 0.7% dip amid multiple ETF outflows and a billion-dollar whale transfer

sparking speculation.

Ethereum slid by 1.9% to $3,592, with an 18-month high for validators exiting, suggesting some short-term sell pressure

but not panic.

Meanwhile, altcoins like Solana and Avalanche faced sharp drops of up to 6%.

XRP exploded past $3.50, escaping weeks of consolidation and setting sights on even $5, $10, or $15, according

to analysts.

Whale wallets are piling in with multi-million-dollar long positions, while ETF speculation and a recent court victory over

the SEC add fuel to the fire.

Still, scams targeting XRP holders have hit record highs—$2.1 billion lost in 2025 so far!

Ripple’s CEO warns: 'Ripple will NEVER conduct giveaways.

Stay cautious!' The U.S.

passed the GENIUS Act, streamlining crypto regulations and helping create 16,000 new Bitcoin millionaires this year.

But, the SEC put a sudden pause on Bitwise’s crypto ETF conversion.

In Asia, Hong Kong’s new law will make promoting unlicensed stablecoins a criminal offense from August 1, with

six months jail for violations.

South Korea is warning fund managers to reduce crypto stock exposure.

Big banks are jumping into digital assets!

PNC Bank is teaming up with Coinbase so clients can buy and sell crypto directly, while Goldman Sachs

and BNY Mellon launch tokenized money market funds for fast, round-the-clock settlements—potentially a game-changer for institutional finance.

Dogecoin, Shiba Inu, and Pepe are all down sharply, while Solana's first US ETF hit $100 million in

assets.

Security remains top-of-mind as Bybit upgrades asset custody and Binance Coin overtakes Starbucks in market cap!

That’s your rapid crypto rundown!

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