Crypto News Roundup: Bitcoin Volatility, XRP Developments, and Major Legal Moves

Bitcoin’s price plunged below $104,000, triggering over $600 million in liquidations—the highest since February.

This sell-off hit major coins like Ether, XRP, and Solana, as global markets reacted to renewed U.S.-China trade

tensions.

Meanwhile, BlackRock’s spot Bitcoin ETF saw its biggest outflow ever, ending a 31-day inflow streak.

Despite the volatility, analysts say a reversal could be near as market sentiment may have overreacted.

As one analyst put it, “What a run over the past 30+ days, though.” XRP traders are on

edge as U.S.

inflation cools but price volatility remains high.

Ripple’s Chief Legal Officer praised a new bipartisan crypto bill as a “big step forward” for regulatory clarity,

even as the ongoing SEC lawsuit keeps investors cautious.

XRP’s price dipped to $2.14, with nearly $30 million in leveraged positions liquidated in 24 hours.

Optimism is building around potential U.S.

spot XRP ETF approvals, but technicals remain mixed.

As Ripple’s legal team says, “The U.S.

is finally moving toward a rational and workable framework for crypto.” The XenDex $XDX token presale on the

XRP Ledger is ending in just hours, with analysts forecasting a major price surge once it lists on

major exchanges.

XenDex aims to bring advanced DeFi tools like AI copy trading and cross-chain swaps to XRP users.

The project is backed by a seasoned team and is undergoing smart contract audits, adding to investor confidence.

If you miss the presale, you might have to buy at higher market rates once $XDX launches.

May saw five U.S.

states enact new crypto laws, with Texas establishing a state Bitcoin reserve and Arizona creating a digital assets

fund.

Meanwhile, the IMF raised concerns over Pakistan’s plan to allocate 2,000 megawatts of electricity for Bitcoin mining, questioning

its legality and impact on the country’s energy crisis.

These policy shifts highlight the global push and pull between innovation and regulation in crypto.

In a shocking development, two cryptocurrency investors have been indicted in New York City for allegedly kidnapping and

torturing an Italian tourist.

This case follows a disturbing trend of kidnappings targeting crypto magnates in Europe, raising concerns about security in

the digital asset world.

That’s your crypto news roundup!

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