The biggest crypto news of past week
The crypto world is still a place for new ideas and tough rules. It's both a place for change and a battle over money. This week saw big news for Bitcoin, Ethereum, Binance, Solana, and Ripple.
Bitcoin ETFs are doing well despite market dips. Even with Bitcoin's price falling 25%, ETFs still hold about $115 billion. This shows investors are thinking long-term, like with regular ETFs. But there are warnings. Outflows hit $1.6 billion in a month. Demand for BTC is down. This could mean trouble is coming.
The SEC might end its four-year case against Ripple. After fining Ripple $125 million, they may stop fighting. If both agree, the case ends. If not, they'll talk more. The SEC is also dropping other crypto lawsuits. This shows a change in focus.
Bitcoin is becoming more dominant. It now controls 61.2% of the crypto market. This means the altcoin rally is slowing. After a short boost from Donald Trump's news, investors are going back to BTC. They see it as a safe place when the economy is unsure. If this keeps up, Bitcoin could get even bigger. Institutions are also starting to use it more.
Binance got a huge $2 billion investment from MGX, a fund in Abu Dhabi. This is the biggest stablecoin investment ever in crypto. CZ talked about a possible "altcoin season." This made people think a new bull market might start. This money could help Binance stay strong and deal with new rules.
Marine Le Pen wants to use nuclear power to mine Bitcoin. She wants to use extra power from France's nuclear plants. She said France's plants run at 70% capacity, while the US runs at 90%. Instead of cutting power when demand is low, she wants to mine crypto. This could make money for EDF. Some like this idea, but it raises questions about the environment and if it makes economic sense.
Solana crashed after the memecoin bubble burst. Solana's revenue fell 93%, from $55.3 million to $4 million weekly. Pump.fun, which made 80% of the network's money, saw its activity die after the Trump and Melania tokens fell. Solana's TVL fell almost 50%. The price of SOL dropped 58% in weeks. This shows Solana depends on risky trends. It also makes people wonder if it can build a more steady system.