#BTCBackto100K

🟡 This is what happened today 8-5-2025 in the cryptocurrency market.

1- A motion filed by Ripple and the SEC in the United States District Court indicates that both have reached a transactional agreement and request an indicative resolution to lift the precautionary measure against Ripple.

2- According to Bloomberg, the founder of Celsius Network, Alex Mashinsky, was sentenced to 12 years in prison for crypto fraud.

3- According to Fortune, Meta is collaborating with several cryptocurrency companies to explore the use of stable currencies.

4- The Missouri House of Representatives passed Bill 594 to eliminate the capital gains tax.

5- WSJ: Coinbase to acquire Deribit for approximately $29 billion in cash and shares, expanding into the cryptocurrency derivatives market.

6- According to Solidus Labs, 98.6% of the 7 million tokens launched at Solana’s Pump Fun since 2024 were identified as fund pulls or manipulation schemes.

7- The Ethereum Foundation has released its Q1 2025 funding report, allocating $32.65 million to support projects in the areas of community and education, consensus layer, zero-knowledge testing, developer tools and execution layer.

8- Payment giant Stripe announced the launch of financial accounts on stablecoins.

9- Under Bitcoin Laws, Arizona's HB 2749 has been enacted, officially establishing the state's first cryptocurrency reserve.

10- The OCC has clarified that national banks and federal savings associations can buy and sell cryptoassets in custody.

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