Bitcoin
Bitcoin, Binance, Ethereum, Solana, and Ripple: The Biggest Crypto News of the Last Week
2:00 pm ▪ 4 min read ▪ by Luc Jose A.
Between game-changing announcements, technological breakthroughs, and regulatory turmoil, the crypto ecosystem continues to prove itself as both a territory of limitless innovation and a battleground for regulatory and economic developments. Here’s a roundup of the most notable news stories from the past week regarding Bitcoin, Ethereum, Binance, Solana, and Ripple.
Trump assassination attempt: Bitcoin soars
Last Saturday, an assassination attempt on Donald Trump during a rally in Pennsylvania shook the political and financial landscape. The shooter, Thomas Matthew Crooks, was neutralized after wounding Trump in the ear. The attack triggered an immediate reaction in the cryptocurrency markets, with the price of Bitcoin rising 5.5% to $62,450. Trump, known for his support of the cryptocurrency industry, stands in stark contrast to his opponent Joe Biden, which has boosted investor confidence in a potential pro-crypto administration. Bitcoin’s surge has been followed by other cryptocurrencies such as Ethereum and Solana, driven by public support from influential figures such as Elon Musk.
XRP Reaches New Milestone Towards Institutional Recognition
Ripple has reached a crucial milestone in integrating XRP into the institutional market with the Chicago Mercantile Exchange (CME) announcing the launch of real-time price indices for the cryptocurrency. The initiative, supported by Ripple CEO Brad Garlinghouse, marks a significant step forward for XRP and provides institutional investors with reliable and accurate price references. The launch of these indices by CME, in partnership with CF Benchmarks, includes continuous updates based on the activity of major trading platforms such as Coinbase and Kraken. This could pave the way for future developments such as an XRP-based ETF, further strengthening its position in the traditional financial market.
Bitcoin joins French retirement savings plans
Bitcoin does a notable entry into the French Pension Savings Plans (PER) through an innovative partnership between VanEck Europe and Inter Invest. This partnership introduces a Bitcoin ETN, allowing French savers to diversify their portfolios with the leading cryptocurrency. This ETN, backed by real bitcoins and held by a regulated custodian, guarantees safe and controlled exposure to this emerging asset class. Jean-Baptiste de Pascal, Deputy General Manager of Inter Invest, emphasizes that this initiative is part of a strategy to democratize innovative financial assets. Martijn Rozemuller, CEO of VanEck Europe, adds that although Bitcoin is currently volatile, it represents an innovative long-term asset. This integration of Bitcoin into the PER opens up new opportunities for savers, while modernizing the retirement savings sector in France and meeting the expectations of investors seeking diversification.
USDT surpasses Bitcoin, Ethereum and Solana in transaction volume
Tether (USDT) recently hit a daily transaction volume of over $55 billionoutperforming Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Solana (SOL) combined. This performance highlights the growing role of stablecoins in the crypto ecosystem, particularly during periods of high volatility. The growing demand for more stable assets like USDT, coupled with its increasing use in commercial transactions, explains this trend. The increased liquidity provided by USDT strengthens investor confidence and stabilizes exchanges. The outlook for USDT and stablecoins, in general, is promising, but depends on regulatory developments and market adoption.
That’s the main takeaway from this week. But if you’d like a more detailed summary and in-depth analysis straight to your inbox, feel free to subscribe to our weekly newsletter.
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Luc Jose A.
A graduate of Sciences Po Toulouse and holder of a blockchain consultant certification issued by Alyra, I joined the Cointribune adventure in 2019. Convinced of the potential of blockchain to transform many sectors of the economy, I committed myself to raising awareness and informing the general public about this constantly evolving ecosystem. My goal is to enable everyone to better understand blockchain and seize the opportunities it offers. Every day, I strive to provide an objective analysis of the news, decipher market trends, relay the latest technological innovations and put the economic and social issues of this ongoing revolution into perspective.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author and should not be taken as investment advice. Please do your own research before making any investment decisions.