Stellar’s XLM appears primed for significant gains after XRP’s recent price surge, with market patterns indicating a potential 35% rally. U.S. President Donald Trump has made headlines by signing one of the first significant crypto-related bills of his administration, signaling increased mainstream acceptance of digital assets.
During a landmark signing ceremony on Friday, President Trump endorsed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, attended by prominent figures in the cryptocurrency industry and influential Republican leaders including Vice President JD Vance and House Speaker Mike Johnson.
Among the notable crypto executives present were Kraken co-CEO David Ripley, Gemini twin co-founders Cameron and Tyler Winklevoss, Coinbase CEO Brian Armstrong, Circle CEO Jeremy Allaire, Tether CEO Paolo Ardoino, and Robinhood CEO Vladimir Tenev, reflecting strong industry support for the legislation.
The GENIUS Act aims to establish clear regulatory frameworks for stablecoins, fostering innovation while protecting consumers, and is seen as a major endorsement of cryptocurrency’s role in the U.S. financial landscape.
Additionally, recent surveys reveal that 36% of Generation Z consumers spend cryptocurrency daily, particularly on gaming, travel, and daily purchases. Generation X leads high-value crypto transactions, using digital assets for real estate, travel, and digital products, highlighting the maturing adoption of crypto assets beyond mere speculation.
Notable market movements include Barstool Sports founder Dave Portnoy’s public regret over selling his XRP holdings just weeks before the asset soared to new yearly highs, demonstrating the volatile and speculative nature of crypto investments.
A significant on-chain event involved a Satoshi-era Bitcoin whale transferring over 80,000 BTC valued at nearly $9.6 billion to Galaxy Digital within days, suggesting strategic positioning by institutional players amid current market dynamics.
Furthermore, the Financial Times reports that President Trump is considering an executive order to enable U.S. 401(k) retirement plans to invest in cryptocurrencies and other alternative assets, potentially unlocking vast institutional capital into the market.
Market Overview: Winners and Losers
Bitcoin (BTC) closed the week around $118,281, Ether (ETH) at $3,553, and XRP at $3.43, with the total crypto market capitalization hitting $3.85 trillion according to CoinMarketCap. Top altcoin gainers include Bonk (BONK) with 53.65% gains, Curve DAO Token (CRV) up 51.11%, and FLOKI rising 40.43%. The major losers are Pump.fun (PUMP), Pi (PI), and Hyperliquid (HYPE), seeing declines between 5% to nearly 30%.
Expert Quotes
Anthony Anzalone, CEO of Xion, noted, If anything, there is an inverse correlation between the industry’s success and the memecoin market cap, indicating capital is seeking better opportunities.
Dave Portnoy, Barstool Sports founder, expressed regret, stating, I sold XRP early and missed out on millions; I want to cry.
Eric Jackson, EMJ Capital founder, said, Once ETH gains productive staking within an ETF, it transforms into an institutional-grade yield asset beyond mere digital oil.
André Dragosch, Bitwise head of research Europe, observed, Bitcoin is hitting new all-time highs, yet retail participation is minimal.
Katie Stockton, managing partner at Fairlead Strategies, predicted, Bitcoin could reach approximately $135,000 as an intermediate target.
Nassar Al Achkar, CoinW chief strategy officer, anticipates, The GENIUS Act and US retirement fund crypto inclusion could unlock trillions in institutional capital.
Top Technical Prediction
Analysts identify Stellar’s XLM exhibiting the most bullish chart pattern in crypto, mirroring XRP’s price movement. The ascending triangle pattern highlights rising lows and strong resistance near $0.52. A breakout above this level may propel XLM to $0.63 by August, representing a 35% upside potential.
Major Concerns and Warnings
In the UK, a former National Crime Agency officer was sentenced to five-and-a-half years for stealing 50 Bitcoin seized during the Silk Road 2.0 investigation, worth $5.9 million today. This underlines risks related to security and custodianship in the crypto space.
Legal challenges continue for MicroStrategy (now Strategy), with multiple lawsuits over allegedly overstated Bitcoin investment profitability and understated risks, underscoring ongoing regulatory and investor scrutiny.
The IMF reports El Salvador has not made further Bitcoin purchases since its December 2024 loan agreement, clarifying that the public sector’s Bitcoin reserves remain unchanged, which has implications for perceptions of public Bitcoin accumulation.
Featured Magazine Stories
Bitcoin veteran Willy Woo revealed he sold most of his Bitcoin to pursue higher-return opportunities. Meanwhile, cultural phenomena such as ‘Slaughterbot’ drones in Ukraine and unique memecoin developments continue to attract attention.
Also gaining attention is a $1.8 billion crypto scam in China involving DGCX, highlighting the persistent threats of fraud in emerging markets, alongside blockchain innovations like NFTs granting digital citizenship in Japan.
