Crypto News Roundup: Bitcoin Surges, XRP Hits Milestone, and Political Shifts

Bitcoin has soared above $110,000, just shy of its record, after a 'peaceful rally' that saw over $330

million in short positions liquidated.

Analysts say Bitcoin is at a crossroads, with macro events like U.S.-China trade talks and upcoming inflation data

likely to set the next big move.

Meanwhile, top altcoins like Ethereum and XRP are also gaining, and institutional accumulation continues to drive bullish sentiment.

XRP has been officially added to the Nasdaq Crypto US Settlement Price Index, signaling growing institutional confidence.

While ETFs can’t hold XRP yet, this move is seen as a step toward mainstream adoption.

At the same time, the XRPTurbo project is making waves with its AI-powered DeFi tools and liquid staking,

attracting nearly 40% of its token supply staked in just weeks.

Investors are eyeing both XRP’s price action and the potential of XRPTurbo’s early-access staking rewards.

Crypto is now a major force in U.S.

politics, with both parties divided over new stablecoin legislation.

Democrats and Republicans are negotiating the GENIUS Act, which would regulate stablecoins but controversially allows the president to

profit from them.

Crypto industry donations are influencing elections, and lawmakers are feeling the pressure.

As one senator put it, 'Anti-crypto is a good way to end your career.' The outcome could shape

the future of crypto regulation in America.

Paraguay’s president denied rumors of Bitcoin becoming legal tender after a suspicious social media post, hinting at a

possible hack.

In Australia, authorities busted a $123 million crypto laundering ring using a security company as a front.

Meanwhile, Coinbase says it’s made progress on reducing frozen accounts, cutting unnecessary freezes by 82% and promising more

improvements for users.