Crypto Market Update: Bitcoin Surges, XRP Faces Legal Hurdles, and New Projects Launch

Bitcoin soared past $106,000, notching its highest-ever weekly close and coming within 3% of its all-time peak.

But the celebration was short-lived—within hours, Bitcoin tumbled back to $103,000, triggering over $600 million in liquidations across

the crypto market.

This wild ride caught both bulls and bears off guard, with major coins like Ether, Solana, and XRP

also taking a hit.

Analysts warn that with ongoing macroeconomic uncertainty, including a U.S.

credit rating downgrade and inflation fears, more volatility could be on the way.

Ripple just secured its first blockchain payment clients in the UAE after getting a key license, marking a

big step in global expansion.

But XRP’s price has been on a rollercoaster, dropping nearly 6% as legal uncertainty clouds the outlook.

A recent court ruling rejected Ripple and the SEC’s joint motion, delaying hopes for an XRP spot ETF

and sending bearish signals to the market.

Still, some analysts remain optimistic, with long-term price targets as high as $10–$30 if legal clarity arrives.

XenDex, a new decentralized exchange built on the XRP Ledger, is in its final presale phase with thousands

of early adopters jumping in.

The project promises features like AI copy trading, cross-chain swaps, and non-custodial lending.

With XRP’s recent ETF buzz and institutional interest, XenDex is aiming to ride the wave—though investors are reminded

to do their own research as crypto remains highly risky.

All eyes are on XRP this week as several ETF review deadlines approach and CME launches its first

XRP futures.

While legal hurdles have dampened short-term sentiment, the launch of futures and potential ETF approvals could be game-changers

for XRP’s mainstream adoption.

For now, traders are watching key support and resistance levels as volatility remains high.

Telegram co-founder Pavel Durov revealed he refused French intelligence requests to censor conservative voices ahead of Romania’s elections.

Durov emphasized Telegram’s commitment to free speech, saying, “We did not block protesters in Russia, Belarus, or Iran

— We won’t start doing it in Europe.” This stance highlights ongoing debates over privacy, autonomy, and government

pressure in the digital age.