$BTC

This week saw Bitcoin stumble slightly following remarks from Fed Chair Jerome Powell before ultimately recovering. Adding significant buzz, Standard Chartered bank predicted that XRP could see a massive 500% price increase by 2028, citing potential catalysts such as a U.S. spot XRP ETF and the growth of the XRP Ledger.

However, concerns emerged as Coinbase issued a warning of a potential "crypto winter," pointing to a notable 41% drop in the altcoin market capitalization excluding Bitcoin. Meanwhile, discussions at a key roundtable involving SEC officials hinted at forthcoming, broad regulatory changes for the crypto trading landscape. The week also saw controversy strike the MANTRA project, whose OM token crashed by 90% amidst allegations of insider selling, underscoring the inherent risks in decentralized finance protocols.