Crypto News Roundup: Bitcoin Hits New Highs, XRP Surges, and Major Legislation Looms

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Bitcoin has soared past $120,000, setting new all-time highs and making its mysterious creator, Satoshi Nakamoto, the 11th

richest person in the world.

The total value of all bitcoins now tops $2.4 trillion, outpacing Amazon and closing in on Apple.

This rally is fueled by inflation fears, a weakening dollar, and growing institutional interest.

Experts say, “This isn’t a frenzied boom with no foundation; instead, this is a measured ascent, backed up

by large institutional players with the long-term in mind.” XRP has jumped nearly 40% this month, trading above

$3 as the Ripple-SEC legal battle nears its end.

Investors are eyeing the $5 mark if Ripple wins.

Meanwhile, altcoins like Stellar, Algorand, and Cardano are also rallying, boosted by the U.S.

Federal Reserve’s adoption of the ISO 20022 standard, which could make these coins more attractive to banks.

The market is buzzing with optimism, and analysts predict, “The rally is sustainable and the bull market will

continue.” All eyes are on Washington as the House of Representatives kicks off 'Crypto Week,' debating bills like

the GENIUS Act and the CLARITY Act.

These could reshape how digital assets are regulated and boost institutional adoption.

There’s heated debate, with some lawmakers calling crypto a “scam,” while others push for clarity and innovation.

The Bank of England is also warning about stablecoin risks, urging caution as the market evolves.

Kazakhstan’s national bank is considering adding crypto to its reserves, following the lead of Norway and the U.S.

Meanwhile, hedge funds have built a record $1.7 billion short position on Ethereum, betting on price swings.

Digital asset funds saw $3.7 billion in inflows last week, showing that both institutions and retail investors are

diving in.

The market is maturing fast, with new strategies and global players entering the scene.

This week is packed with events: Coinbase is set to announce the next chapter for its Base chain,

Sonic Labs is launching an AI-powered product and airdrop, and $881 million in TRUMP tokens are unlocking.

Meme coins like Pudgy Penguins and BONK are trending, and the community is buzzing about potential ETF approvals

and new DeFi strategies.

Stay tuned—crypto’s next big move could be just around the corner!

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