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Top Crypto News Headlines of The Week

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Crypto news of the week: The digital assets realm concluded another week with attention-nabbing developments witnessed across the broader market. Primarily, Bitcoin stole the spotlight this week, battling market turbulence amid macroeconomic events. Further, the ongoing U.S. presidential campaigns saw new developments in Trump’s and Harris’ rivalry.

Other key market events encompass Ripple’s lawsuit developments and numerous other global developments. Here’s a collection of some of this week’s top headlines that have echoed a bustle among market participants.

Crypto News Headlines This Week

Bitcoin’s (BTC) Chronicles

The flagship cryptocurrency saw a highly volatile trading session over the past week. This is primarily attributable to on-chain movements and macroeconomic events.

According to the U.S. Bureau of Labor Statistics, the U.S. consumer price index (US CPI) inflation cooled to 2.9% this week, igniting investor optimism. However, Bitgo wallet shifted a whopping $1.97 billion worth of Mt Gox’s BTC holdings, signaling creditor repayment plans. This presented the coin with quite the turbulence in the past seven days.

In the interim, Japan’s Metaplanet bought more BTC this week, adding to contrasting market sentiments. Simultaneously, El Salvador disclosed plans for a whopping $1.6 billion investment to promote the development of the proposed Bitcoin City.

Also, Marathon Digital announced plans to acquire more BTC this week, offering $250 million of convertible senior notes that promptly became oversubscribed. On the other hand, Bitcoin options expiry added to sentiments of easing volatility across the broader market. On Friday, August 16, 24,000 BTC options expired with a put call ratio of 0.83, a notional value of $1.4 billion.

The above mentioned crypto news has presented Bitcoin with mixed market sentiments in the past seven days. However, it’s also worth noting that the coin showed signs of recovery as the week ended, holding above $59K.

Trump vs. Harris Developments

Meanwhile, the Democratic Party Vice President Kamala Harris’ winning odds overshadowed Republican Donald Trump this week. According to the NY Times, the latest poll results show that Harris’ winning bets stood at 49%, whereas Trump’s stood at 47%. This recent shift of tide in the Democratic Party’s favor has sparked significant discussions nationwide.

Despite Trump’s recent interview with the American entrepreneur Elon Musk, the poll results have considerably overshadowed the Republican. Also, it’s worth mentioning that Musk extended an invitation to Kamala for an interview, which was never responded. Nonetheless, the Democratic VP currently dominates the ongoing presidential campaign, as mentioned above.

On the other hand, the Republican presidential candidate returned to X this week, releasing a new ad amid the ongoing presidential campaign. These developments have added a new layer of intrigue to the U.S. presidential elections.

Other Key Crypto News This Week

Meanwhile, Franklin Templeton filed for a Crypto Index ETF this week, encompassing Bitcoin and Ethereum. Further, Coinbase and KuCoin applied for licenses in Turkey.

In the aftermath of an exploitation attack, WazirX shifted its assets to new multisig wallets, withdrawing it from a custodian. Moreover, Grayscale expanded its crypto portfolio, revealing a new MakerDAO Trust this week. Lastly, Judge Torres’ final ruling in the XRP lawsuit set stage for the ‘Ripple Test,’ making another buzzworthy crypto news this week.

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Annah Mugoiri

Annah is a Market Analyst and Blockchain Technology Writer at Coingape. With over 5 years of experience, she is highly skilled in the crypto market and well-versed in blockchain technology. Mugoiri offers the latest news and insightful analysis, making her a valuable resource for informed decisions in the crypto space.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ripple CEO Garlinghouse Highlights Reason Behind XRP Rally

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Ripple CEO Brad Garlinghouse has linked the recent surge in XRP price to growing optimism about regulatory clarity in the U.S. In an interview with FOX Business, Garlinghouse emphasized the importance of a more balanced approach to crypto regulation under the new administration. He noted that U.S.-linked cryptocurrencies, including Solana (SOL) and Cardano (ADA), have experienced significant growth since Election Day.

Ripple CEO Lauds Trump as a “Crypto President” Amid XRP 70% Surge

Ripple CEO Brad Garlinghouse described the post-election environment as transformative for the cryptocurrency sector, crediting pro-crypto policies for the 70% rise in XRP value. The CEO referred to President-elect Donald Trump as a “crypto president,” praising his openness to blockchain innovation and entrepreneurship.

Brad remarked, 

“The crypto industry has embraced Trump, Trump has embraced the crypto industry. I think it’s very genuine, and I think he sees the opportunity, he sees innovation, he sees entrepreneurship and I’m very excited about what the future holds.”

Garlinghouse highlighted that U.S.-linked crypto assets, such as XRP, SOL, and ADA, have outperformed other tokens due to the expected easing of regulatory pressure. He attributed the rally to reduced constraints from the U.S. Securities and Exchange Commission (SEC), whose actions had stifled growth. The Ripple CEO stated,

“The United States SEC has been manipulating and putting pressure on these US companies, US technologies, and now that pressure comes off and they explode upwards.”

XRP Price Rally Amid Bullish Sentiment

The XRP Price has reached a two-year high of $0.9193, driven by market optimism and key developments like Robinhood’s relisting of the token. Analysts suggest this surge aligns with a breakout from a symmetrical triangle pattern, signaling strong bullish momentum.

Market sentiment has also been boosted by a wave of institutional interest and increased trading activity. XRP is now approaching a critical resistance level at $1.00, with analysts forecasting further gains if this barrier is breached. Projections indicate a possible XRP price prediction of $1.5.

Whale Activity and Institutional Interest Drive Derivatives Market

In addition, the derivatives market for XRP has experienced a surge in activity, with open interest rising by 13% to $1.5 billion. This uptick is attributed to increased whale activity, including a transaction involving 60 million XRP worth $52.8 million. Such movements often suggest institutional trading or large-scale investment strategies.

Moreover, trading volume saw a sharp increase, climbing 25% in the past 24 hours to $11.70 billion. These metrics underscore growing speculative interest and optimism about XRP future performance in a more favorable regulatory environment.

More so, Ripple CEO expressed enthusiasm about the shifting regulatory landscape citing ongoing lawsuits and challenges. He welcomed the involvement of 18 state attorneys general who filed a lawsuit accusing the SEC of overreach in crypto regulation.

At press time, XRP is trading at $0.89, marking a 14% increase in the last 24 hours. The trading volume surged to $11.65 billion while the market cap stands at $50.80 billion.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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XRP Price Skyrockets To 2-Year High, What Next?

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XRP price has surged to $0.91, marking its highest level in two years. This bullish momentum comes amid growing trading volume, legal developments, and regulatory shifts in the cryptocurrency market.

XRP Price Skyrockets To 2-Year High

XRP’s recent price surge is being attributed to a breakout from a symmetrical triangle pattern on its price chart. This pattern is often associated with strong price movements in either direction and in XRP’s case, the breakout has been upward.

Analysts have pointed to similarities with XRP’s price behavior in 2017, with some projecting targets of $1.96 by the end of the month and $4.80 by late 2024 if the trend holds.

The increase in XRP’s price is backed by heightened market activity. Trading volume has risen by over 126% in the past 24 hours, reaching $17.57 billion. Open interest in XRP derivatives has also grown by 12%, indicating that traders are placing new bets on further price movements.

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Whale activity has also increased, with large transactions being reported on-chain. A transfer of 60 million XRP, valued at approximately $52.8 million, between unknown wallets was flagged by Whale Alert. Such activity often signals institutional involvement or preparations for significant market moves.

Ripple Labs Vs  SEC Major Development

Ongoing legal disputes between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have played a pivotal role in XRP’s recent performance. A court order was recently granted in favor of Ripple Labs, CEO Brad Garlinghouse, and XRP II LLC, affirming a joint request for final judgment and a stay on certain claims.

The SEC, led by Chair Gary Gensler, has faced mounting criticism for its regulatory approach toward digital assets. A lawsuit filed by 18 U.S. states against the SEC alleges unconstitutional overreach in crypto regulation. Market participants are optimistic that these developments could lead to a resolution of Ripple’s legal challenges and provide regulatory clarity for XRP.

Ripple CEO Brad Garlinghouse commented on social media regarding recent industry milestones, including Bitwise’s ETF filing that includes XRP exposure. “XRP, BTC, ETH, SOL — that’s the alphabet soup I like to see,” he stated. Legal clarity for XRP could pave the way for broader adoption of Ripple’s technology and the XRP Ledger.

What’s Next for The XRP Price?

XRP price is now testing key resistance levels near $1.00, a psychological and technical milestone for the digital asset.

Analysts suggest that if XRP can maintain momentum and break above $1.00, the next target could be $1.32. Sustained trading volume and open interest will be critical for confirming the strength of this bullish trend.

Market watchers are also closely monitoring institutional activity on the XRP Ledger, with reports indicating that capital from other blockchain ecosystems may be entering XRPL.

If this trend continues, XRP could see further price appreciation and adoption in the coming months. At press time, XRP price was trading at $0.8909, a $14.45 surge from the intra-day low.

Regulatory Shifts Create Optimism for Crypto Market

The broader cryptocurrency market has also gained momentum, with its total market capitalization nearing the all-time high set in 2021. XRP’s performance appears to benefit from this overall market enthusiasm, as well as regulatory optimism.

The resignation of Gary Gensler as SEC Chair has been widely speculated following the U.S. elections, with crypto commentators predicting a friendlier regulatory environment under new leadership. Grayscale and Bitwise have both filed applications for cryptocurrency ETFs that include XRP, reflecting growing confidence in the token’s future.

The deployment of new stablecoins on the XRP Ledger is also drawing attention. Societe Generale-Forge recently announced plans to integrate the EURCV stablecoin on the XRPL in 2025. This move aligns with the company’s strategy to operate across multiple blockchain protocols, having previously launched EURCV on Ethereum and Solana.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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How Many Solana Tokens Make You A Crypto Millionaire?

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The crypto community often presents millionaires here and there after their successful trading journey. However, many still question how many tokens, especially Solana tokens to buy to become a crypto millionaire. That actually depends on the market and hundreds of other factors. Before that, Solana is the perfect ecosystem to consider for this mission. It is highly progressive with many technological advantages and a growing community, With that, the developer has launched many Solana-based tokens which were highly profitable, making the entire ecosystem highly demandable among investors.

What Determines The Solana Tokens Million-Making Journey?

The crypto market is filled with complexities that keep it balanced and moving. Sometimes, it could be entirely bullish, as it is these days past the Bitcoin price rally, but the remaining could be the opposite. As a result, the crypto tokens are only sometimes bullish, so their performance alone does not make someone a millionaire. More importantly, with this big goal, the person needs more than just the right Solana tokens. The person needs to consider various factors like: –

1. Investment Capital

Beginning with the right step is the way to have the right ending, which is becoming a millionaire with cryptocurrency. However, this is such a big goal that it would require a higher starting investment to achieve this goal faster, as the higher the capital, the higher the gains. More importantly, this will allow the investor to invest in multiple Solana tokens to speed up the process, as some have higher potential in the short term, while many in the long term.

2. Single Token or Multiple Tokens

Another important aspect is the portfolio division, where many experienced investors recommend diversifying the portfolio (holding multiple cryptos). Having a diverse portfolio could help mitigate the risk and increase profits in this challenging market. So, this entire crypto millionaire journey would depend on the number of tokens someone has. Some achieve this with one token, while others need multiple, depending on their trading strategies.

3. Trade Timing

Timing is the strongest tool in crypto trading, where the trade’s timing could define what an investor would have at the end. In this, buying at a dip and selling at a high, despite the market volatility, crash, and hundreds of other hurdles, gives returns. Here, patience is the key. So, a patient investor with the right crypto strategy is the winner.

4. Crypto Tokens Performance

Last but not least, the chosen crypto tokens’ performance also plays an important role. As the Solana ecosystem has hundreds of tokens, choosing the right token with solid fundamentals, use case, and user interest describes future gains.

If investors made all the right decisions, considering the mentioned factors, they could achieve their crypto millionaire goals.

5 Top Solana Tokens To Watch

After analyzing past performance and market demand, Pnut, POPCAT, GOAT, SPX, and WIF are the top Solana tokens that could assist investors in their millionaires journey.

1. Peanut The Squirrel (Pnut)

Pnut is the most trending Solana meme coin, thanks to its 3350.71% surge over the last ten days. The token is new to the market but has already achieved $1.84B in market capitalization, making it the 55th biggest cryptocurrency. Additionally, it has just hit an ATH of $2.47, currently trading at $1.84. However, the biggest proof of its demand is its $3.29B in trading volume, which is quite high. If the trend and users’ sentiments stayed the same, it could offer further profits.

2. Popcat (POPCAT)

Popcat is one of the most demanded Solana tokens due to its 20237% in YTD. Even at present, it is quite bullish, as it has recently achieved the ATH of $2.00, currently trading at $1.65 with a market capitalization of $1.62B. This makes it the 58th top cryptocurrency, which brings $235.90M in trading volume. It is the perfect Solana crypto for long-term holdings, considering its performance.

3. Goatseus Maximus (GOAT)

GOAT is gaining attention in the crypto market after an AI bot, Truth Terminal, promoted this token. Ever since its launch, this trending memecoin has achieved a new ATH at $1.06 just yesterday after multiple bullish peaks over the month. It is now worth $0.8775 and is ranked 85 per CoinmarketCap for its market capitalization of $877.55M. With that, the analysts have foreseen the GOAT price to hit $5. If that happens, this Solana coin could assist in the crypto millionaire journey.

4. SPX6900 (SPX)

After hitting an ATH, the SPX6900 is again moving with the bulls, as the price has surged 18% in the last 24 hours. The Solana token is now trading at $0.6855 with a market capitalization of $638.20M. Additionally, its trading volume is at $46.73M, which has improved after facing a significant downtrend past the ATH. Overall, the token has surged 18610.91% in the last year and has been high since September 2024.

5. Dogwifhat (WIF)

WIF has been the top memecoin to buy since the beginning of the year, as it had maintained 1894% in YTD despite its earlier fall. Many Solana tokens are slowly returning to their potential with the ongoing market conditions, including WIF. The WIF price has surged 53% over the week. It is trading at $3.54 after achieving the biggest peak in seven months, at $4.5. Overall, WIF is still in high demand despite the falls and might follow a similar price rally as it did at the beginning of the year.

How Many Tokens Do You Need?

Even with the best Solana tokens in your portfolio, the biggest question is how many tokens some need to become a crypto billionaire. However, that depends on the token’s price, future growth perspective, and the portfolio division. If the selected token (A for example) is trading at $50 and has a growth rate of 2x, the investor will need at least 20,000 to become a crypto millionaire.

The token amount will vary depending on the price and growth perspective. If the token had high growth potential, the number could be less, as its growth percentage would compensate for that. In the same example, the token value is $50, but it could grow four times, so the investor would only need 10,000.

Last but not least, many analysts advise keeping a diversified portfolio. The users can opt to have a mix of high and low potential tokens in the right quantity to achieve the best profits.

Final Thoughts

Becoming a crypto millionaire with Solana tokens is a dream for many, but the process is not entirely simple. An investor cannot expect smooth and exponential growth in the investment due to market volatility, so it requires a strong trading strategy, a solid portfolio, and the knowledge of the market trends to analyze the future. Only those with these skills survive the market or make millions in just a day or few hours, like this crypto trader did, as he made $3M in just 1 hour with a new listing strategy.

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Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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