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📰 Top Crypto News 1. Bitcoin hits new record highs amid U.S. "Crypto Week" anticipation Bitcoin recently surged to a fresh all-time high of around $118,000, pushing the total crypto market cap to approximately $3.7 trillion Legislation under House consideration—the Genius Act, Clarity Act, and Anti–CBDC Surveillance State Act—aims to establish regulatory clarity, boosting investor confidence 2. Mega ETF inflows Spot Bitcoin ETFs logged over $1 billion in net inflows, back-to-back, propelling institutional demand to record levels 3. BlockFi and DOJ settlement BlockFi's bankruptcy administrator and the DOJ reached a $35 million settlement over asset transfers—a positive signal of reduced legal uncertainty in the sector 4. Binance and Trump-backed stablecoin controversy Bloomberg reports that Binance aided in developing the code and promotion of USD1—a stablecoin from World Liberty Financial, linked to former President Trump . Binance’s founder reportedly sought a pardon around the same time 5. Altcoin gains & volatility warnings XRP surged over 13% today, reaching highs near $2.77 after hitting new peaks . Ethereum climbed ~6.5%, other tokens like Dogecoin and Solana saw solid gains However, analyst "Capo" warns this rally may be a bull trap, noting Bitcoin’s new high could precede a ~45% correction 6. Massive liquidations Rapid price movement triggered $1.28 billion in liquidations over the past 24 hours—mostly affecting short positions ($1.13 billion), with a smaller share in longs ($146 million) $BTC $ETH $BNB
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