Between revolutionary announcements, technological developments and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovation and a field of regulatory and economic battles. Here is a summary of the most significant news of the past week around Bitcoin, Ethereum, Binance and Solana, and Ripple.
Trump Assassination Attempt: Bitcoin Soars
Last Saturday, an assassination attempt on Donald Trump at a rally in Pennsylvania shook the political and financial scene. The shooter, Thomas Matthew Crooks, was neutralized after shooting Trump in the ear. The attack sparked an immediate reaction in crypto markets, with the price of Bitcoin surging 5.5% to $62,450. Trump, known for his support of the crypto industry, stands in stark contrast to his opponent Joe Biden, which has boosted investor confidence in a possible pro-crypto administration. Bitcoin’s rise was followed by other cryptocurrencies like Ethereum and Solana, boosted by public support from influential figures like Elon Musk.
XRP Takes Another Step 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 crypto. The move, championed 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 the CME, in partnership with CF Benchmarks, includes continuous updates based on activity from major trading platforms like 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 is included in French retirement savings plans
Bitcoin is making a remarkable entrance into French retirement savings plans (PER) thanks to an innovative partnership between VanEck Europe and Inter Invest. This partnership introduces a Bitcoin ETN, allowing French savers to diversify their portfolio with the leading crypto. This ETN, backed by real bitcoins and held by a regulated custodian, ensures secure and controlled exposure to this emerging asset class. Jean-Baptiste de Pascal, Deputy CEO of Inter Invest, underlines 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 asset in the long term. This integration of Bitcoin into PERs opens new perspectives 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 reached over $55 billion in daily trading volume, surpassing Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Solana (SOL) combined. This performance highlights the growing role of stablecoins in the crypto ecosystem, especially during times of high volatility. The increased demand for more stable assets like USDT, coupled with its growing use in trading transactions, is behind this trend. The increase in liquidity through USDT is increasing investor confidence and stabilizing trading. The outlook for USDT and stablecoins in general is promising, but depends on regulatory developments and market adoption.
That's the bottom line for this week. But if you want a more detailed recap and in-depth analysis delivered straight to your inbox, feel free to sign up. to subscribe to our weekly newsletter.
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