Crypto News Roundup: Bitcoin's New Highs, Trump’s Crypto Dinner, and More

Bitcoin soared to a new all-time high of nearly $112,000 this week, fueled by massive inflows into US-based

spot Bitcoin ETFs.

BlackRock’s IBIT led the charge, raking in over $2.4 billion in a single week.

Despite a brief dip due to renewed trade tensions and tariff threats, institutional demand and political support are

keeping Bitcoin’s momentum strong.

As one analyst put it, “IBIT’s Pac-Man spree is now up to about $8 billion in 5 weeks.”

Donald Trump hosted a private dinner for top $TRUMP memecoin investors, with reports that attendees spent over $148

million to secure their seats.

The event drew sharp criticism and calls for a Justice Department investigation over concerns about foreign influence and

potential corruption.

Protesters gathered outside, holding signs like “illegal crypto party” and “democracy is not for sale.” Meanwhile, Justin Sun,

a major crypto figure, called memecoins “underrated” and claimed to be the top $TRUMP holder, even showing off

a $100,000 Trump-branded watch.

A US judge vacated key fraud and manipulation convictions against Avraham Eisenberg, the trader behind the $110 million

Mango Markets exploit.

The judge ruled that the evidence didn’t support the jury’s findings, significantly weakening the government’s case.

Eisenberg, who once called himself an “applied game theorist,” had been accused of inflating token prices and draining

the platform.

In a disturbing turn, a crypto investor in New York City was charged with kidnapping and torturing an

Italian tourist for weeks in a luxury SoHo apartment.

The victim escaped and alerted police, who found evidence of torture and a firearm at the scene.

The motive remains unclear, but the case has shocked local residents and the crypto community alike.

While Bitcoin and Ethereum saw sharp price swings, altcoins like Solana, XRP, and Cardano also dipped.

Meanwhile, the Web3 gaming sector took another hit as Ember Sword, a once-promising Ethereum-based MMORPG, shut down due

to lack of funding.

The game’s token has lost over 99% of its value, highlighting the risks in the current crypto market.