#USCryptoWeek US Crypto Week has been eventful, with several key developments impacting the market. Here are some highlights ¹ ²:
- *Market Trends:*
- Bitcoin's price volatility has been influenced by global economic factors, including trade wars and regulatory changes.
- The broader crypto market saw a 2% Bitcoin price dip and a 3.75% drop in response to US-China tariff announcements.
- *Regulatory Updates:*
- The SEC dropped its lawsuit against Ripple, marking a significant victory for XRP and the broader crypto industry.
- SEC Chair Paul Atkins showed support for crypto custody and DeFi activities.
- *Investor Sentiment:*
- Bitcoin ETF outflows surged over 300%, reflecting rising concern over trade wars and slowing institutional confidence.
- BlackRock's Bitcoin ETF became the fastest fund to reach $80 billion in assets under management.
- *Industry Developments:*
- Binance tightened KYC requirements for Indian users to comply with AML laws.
- Canary Capital filed for a TRX spot ETF in the US, including staking in the proposal.
- Pi Network's mainnet migration roadmap faced backlash over delays and unclear rewards.
Some notable price movements include ³:
- *XRP:* Surged almost 15% after the SEC dropped its lawsuit, with predictions suggesting potential growth to $100.
- *Bitcoin:* Dropped to $83,600 amid Nvidia's $5.5 billion hit over halted chip exports to China.
- *Ethereum:* Recorded its best week since launch with $900 million in inflows into Ethereum ETFs.