Strap in, folks! Itâs been a week in crypto that could fuel an entire season of a reality show.
Rippleâs stealing the spotlight again, Ethereumâs cozying up to corporate giants, and the Fed might need some therapy after all this drama.
Itâs like a financial soap opera with a side of regulation, overflowing cash, and cryptic clues about the market. Pop your popcorn!
Here are the juicy stories you absolutely must know. đż
#1 Fed Chair Jerome Powell May Peace Out
Rumor has it, Jerome Powell might be ready to throw in the towel on his role as Chair of the Federal Reserve.
Fannie Maeâs William Pulte is all thumbs up saying heâs âencouraged by reportsâ of Powellâs exit, suggesting it might ignite an economic jazz hands moment. Meanwhile, Trump isnât holding back, throwing shade on Powellâs rate cuts like itâs going out of style.
Plus, hold the phone! Powell’s dealing with accusations that make your high school rumors look tameâmisleading Congress about a $2.5 billion Fed remodel. Major plot twist alert! đľď¸ââď¸
#2 Justin Sun Goes All-In on Trump Memecoin
Just when you thought youâd seen it all, here comes Justin Sun dropping a cool $100 million on Donald Trumpâs memecoin right before a whopping $474 million token unlock. Because why not? đ¤ˇââď¸
Sun announced this move on X, ensuring us that itâs all about âgrowing the crypto landscape.â And by âgrowing,â we mean fishing for laughs and dollar signs. The token launch on the Tron blockchain is happening like itâs the next big Netflix premiere. đŹ
We are committed to buying $100M of $TRUMP! Together, $TRUMP and #TRON are the future of Crypto.
This bold move highlights our commitment to collaborating across ecosystems to grow the crypto landscape with co-communities like @GetTrumpMemes. $TRUMP on #TRON is the currency of #MAGA!âŚ
â H.E. Justin Sun (@justinsuntron) July 9, 2025
#3 Ripple CEO Makes Bank
Brad Garlinghouse just upgraded his title to one of cryptoâs wealthiest with a mind-boggling $10 billion to his name! đ¸ Thanks to Rippleâs legal drama with the SEC, his bank account is smiling wide after that $50 million settlement. Who knew courtroom victories could pay out like a lottery ticket?
#4 Musk Gives Bitcoin a VIP Pass
Elon Musk did it again! Bitcoin is now rocking the America Party agenda. He confidently declared, âFiat is hopeless, so yes!â Basically, itâs like telling everyone the party is at your place, and youâve got the best snacks. đ Bitcoin fans are probably throwing confetti right now!
#5 Japanâs Metaplanet Sets a Bold Target
Tokyoâs Metaplanet is translating Bitcoin dreams into reality, adding 2,205 BTC to their stash. With a total of 15,555 BTC, they are sitting pretty as the largest corporate holder outside North America. Howâs that for powerhouse vibes? âĄď¸
âWe need to accumulate as much bitcoin as we can⌠to reach escape velocity,â CEO Simon Gerovich said, sounding like the lead character in a heist movie.
Theyâve set a wild target: 210,000 BTC by 2027. Who do they think they are, the Bitcoin Avengers?
#6 WazirX and Binance Under Investigation
Uh-oh! The Financial Intelligence Unit of India has launched an investigation into Binance and WazirX over possible hair-raising connections to terror financing. This plot has more twists than a mystery novel! đ
Binance must be reminiscing about the time they settled that âš18 crore penalty. One yearâs a long time in crypto-land, but it feels more like a lifetime.
#7 Ripple Teams Up with BNY Mellon
In a tale of trust, Ripple has joined forces with BNY Mellon to secure reserves for its stablecoin, RLUSD. Sounds like a buddy cop movie thatâs only just getting started! đ¤
As RLUSD approaches a $500 million market cap, Rippleâs banking charter applications are looking promisingâlike a friendly neighborhood superhero.
âWe are excited to support the growth of RLUSD,â said BNY Mellonâs Emily Portney, who must be hearing wedding bells for this crypto partnership.
#8 Nasdaq Firm Says Bye to BTC, Hello to ETH
Bit Digital just pulled a full-on dating reboot and dumped Bitcoin to swarm around Ethereum. After raising $172 million, theyâre now holding over 100,600 ETH. Itâs like going from the high school football star to the mysterious artist. đ¨
#9 Toncoinâs Golden Visa Dreams Crushed by UAE
Toncoin was riding high until the UAE authorities dashed their Golden Visa hopesâyikes! đ They quickly slapped down the claim that staking $100,000 would yield such a prize. Ainât nobody got time for misinformation!
#10 SEC Says Tokenized Securities Still Count as Securities
SEC Commissioner Hester Peirce, the âCrypto Mom,â threw cold water on the idea that tokenizing assets magically changes their legal status. Sorry, folks, no magic wands here! đŞ
As investors eye blockchain equities, it seems the SEC is standing firm like a bouncer at an exclusive club.
In the SpotlightÂ
Hereâs a few quick hits you shouldnât miss! đ
South Korea to Grant Crypto Startups Venture Status: Get ready for the digital asset firms because theyâre about to step into a world of tax breaks, funding, and loan guarantees.
New Zealand Bans Crypto ATMs in Money Laundering Crackdown: Over 220 crypto kiosks just became vintage collectibles as authorities clamp down. âď¸
Trump Media Files for âCrypto Blue Chip ETFâ: The fund aims to track major tokens, adding some political flair to the crypto scene.
Hong Kongâs Stablecoin License Race Heats Up: 40+ firms are revving their engines for one of the precious few licenses. Can you say intense competition?! đď¸
Tether CEO Promises to Be the Largest Bitcoin Miner by 2025: Fasten your seatbelts, as the USDT issuer embarks on a mining mission that sounds like a blockbuster film!
Whatâs Next for Crypto?
Brace yourselves for some major headlines heading our way: đ
- Bitcoin might see fresh excitement as political endorsements heat up, from Muskâs party chatter to Japanâs Metaplanet doubling down.
- Rippleâs stablecoin strategy could rev up now that BNY Mellon is riding shotgun, ready to venture deeper into the financial world.
- Ethereumâs corporate attraction is on the rise, as Bit Digital pins its hopes on staking and smart contracts for a brighter future.
- SECâs Hester Peirce has thrown down the gauntlet against tokenization attempts, ensuring laws are tighter than your favorite pair of jeans after Thanksgiving dinner.
- Memecoins are on the verge of blurring the lines between financial hilarity and political ballsiness, especially with Sunâs $100 million Trump token deal.
- The stablecoin scene is getting serious as global compliance tightens faster than a drum solo at a rock concert.
Thatâs it from me this week. Read smart, trade smarterâcatch you next Saturday for more crypto adventures! đ
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2025-07-12 15:35