XLM to follow XRP’s bullish rally, Trump’s big crypto nod: Hodler’s Digest, July 13 – 19

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Top Stories of The Week

Crypto execs halfway signifier arsenic Trump signs stablecoin measure into law

US President Donald Trump signed 1 of the archetypal bills related to crypto and blockchain of his medication into instrumentality connected Friday aft delays owed to debates successful the House of Representatives and Senate.

In a Friday signing ceremonial attended by galore cryptocurrency institution executives and high-ranking Republicans, including Vice President JD Vance and House Speaker Mike Johnson, Trump signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law.

The president acknowledged the enactment of respective crypto figures successful attendance, including Kraken co-CEO David Ripley, Gemini co-founders Cameron and Tyler Winklevoss, Coinbase CEO Brian Armstrong, Circle CEO Jeremy Allaire, Tether CEO Paolo Ardoino and Robinhood CEO Vladimir Tenev.

36% of Gen Z walk crypto daily; Gen X leads high-value spending

Cryptocurrency payments are becoming more fashionable crossed assorted idiosyncratic groups for mundane purchases and high-value transactions, indicating that integer assets are maturing beyond their relation arsenic speculative instruments.

Gen Z users basal retired successful presumption of regular transactions, with 39% spending crypto connected gaming and 36% connected regular purchases and question bookings.

Gen X dominates high-value spending, with 40% utilizing crypto for travel, integer products and existent estate, according to a Bitget Wallet survey of 4,599 crypto wallet users shared with Cointelegraph.

The findings amusement expanding involvement successful crypto’s applicable use. Gaming, regular purchases and question bookings are the apical categories.

Dave Portnoy dumped his XRP 2 weeks ago: ‘I privation to cry’

Barstool Sports laminitis Dave Portnoy is kicking himself for selling off astir of his XRP conscionable weeks earlier the cryptocurrency reached caller year-to-date highs connected Thursday.

“I would’ve made millions, and I privation to cry. I don’t ain it anymore, adjacent though I was the person of the XRP army,” Portnoy said successful a video posted to X connected Thursday.

His comments came soon aft XRP broke its yearly precocious of $3.29 and surged to $3.60, marking a 19.61% summation successful the past 24 hours astatine the clip of publication, according to Nansen data.

“I sold XRP erstwhile it went up to $2.40 due to the fact that the feline that told maine to bargain it told maine to merchantability it due to the fact that helium thought Circle would vie with them and was unhappy with it,” Portnoy explained.

Satoshi-era Bitcoin whale shifts 2nd 40K BTC heap to Galaxy Digital

A Satoshi-era Bitcoin whale with 80,201 Bitcoin has shifted their remaining 40,192 Bitcoin, worthy $4.77 billion, to Galaxy Digital, joining a 40,009 BTC transportation to the plus manager connected Tuesday.

Blockchain onchain information work Onchain Lens was among the archetypal to announcement the caller transfer. This means the whale has shifted 80,201 to Galaxy Digital successful the past 4 days, equating to $9.6 cardinal astatine existent prices.

During this time, astatine slightest 6,000 Bitcoin were sent to crypto exchanges Binance and Bybit, blockchain quality level Nansen shows.

Trump eyes enforcement bid to unfastened up status funds to crypto: FT

US President Donald Trump is reportedly set to motion an enforcement order that could let American 401(k) status plans to put successful alternate assets extracurricular of stocks and bonds, specified arsenic cryptocurrencies.

The enforcement bid could beryllium signed sometime this week, the Financial Times reported connected Thursday, citing 3 radical who person been briefed connected the plans.

The caller 401(k) concern options could tally crossed a wide spectrum of assets, including integer assets, metals and funds focused connected infrastructure deals, firm takeovers and backstage loans.

The enforcement bid would instruct Washington regulatory agencies to analyse the champion way guardant for 401(k) plans to commencement investing successful crypto, and analyse immoderate remaining obstacles to making it a reality, according to the Financial Times.

Winners and Losers

At the extremity of the week, Bitcoin (BTC) is astatine $118,281, Ether (ETH) astatine $3,553 and XRP astatine $3.43. The full marketplace headdress is astatine $3.85 trillion, according to CoinMarketCap.

Among the biggest 100 cryptocurrencies, the apical 3 altcoin gainers of the week are Bonk (BONK) astatine 53.65%, Curve DAO Token (CRV) astatine 51.11% and FLOKI (FLOKI) at 40.43%.

The apical 3 altcoin losers of the week are Pump.fun (PUMP) astatine 29.73%, Pi (PI) astatine 5.32% and Hyperliquid (HYPE) astatine 5.05%. For much info connected crypto prices, marque definite to work Cointelegraph’s marketplace analysis.

Most Memorable Quotations

Anthony Anzalone, laminitis and CEO of Xion:

“If anything, I spot an inverse correlation betwixt the occurrence of this manufacture and the memecoin marketplace headdress due to the fact that it reads that superior doesn’t person anyplace amended to flow.”

Dave Portnoy, laminitis of Barstool Sports:

“I would’ve made millions, and I privation to cry. I don’t ain it anymore, adjacent though I was the person of the XRP army.”

Eric Jackson, laminitis of EMJ Capital:

“Once ETH becomes a productive, staked plus wrong an ETF wrapper… It’s nary longer conscionable ‘digital oil.’ It’s an institutional-grade output product.”

André Dragosch, manager and caput of research, Europe astatine Bitwise:

“Bitcoin is astatine caller all-time highs, but retail is astir obscurity to beryllium found.”

Katie Stockton, laminitis and managing spouse astatine Fairlead Strategies:

“That puts Bitcoin astatine astir $135,000 arsenic an intermediate-term objective.”

Nassar Al Achkar, main strategy serviceman astatine CoinW:

“The passing of the GENIUS Act and Trump’s program to unfastened the US status marketplace to crypto investments could unlock trillions successful organization capital.”

Top Prediction of The Week

Stellar’s XLM has 'most bullish chart' successful crypto, mirroring XRP price

Stellar looks acceptable for a 35% terms rally, driven by a bullish continuation pattern and XRP’s caller surge. XLM is consolidating wrong an ascending triangle, a classical bullish continuation setup characterized by rising lows and horizontal resistance.

The absorption level, adjacent $0.52, has been tested aggregate times since Tuesday, portion the higher lows amusement expanding buying pressure.

A breakout supra $0.52 could corroborate the signifier and trigger a rally toward $0.63 by August, marking a 35% summation from the existent price.

The upside people is derived by adding the triangle’s maximum tallness to the breakout point.

Top FUD of The Week

UK serviceman jailed for 50 Bitcoin theft during Silk Road 2.0 probe

A erstwhile serviceman of the National Crime Agency has been sentenced to situation for stealing 50 Bitcoin — present worthy $5.9 cardinal — seized from the co-founder of the defunct online achromatic marketplace Silk Road 2.0.

The Crown Prosecution Service said connected Wednesday that Paul Chowles, an ex-operational serviceman with the National Crime Agency who was portion of a squad investigating Silk Road and Silk Road 2.0, was sentenced to five-and-a-half years’ imprisonment for stealing 50 Bitcoin.

In May, Chowles pleaded blameworthy to charges of theft, transferring transgression property, and concealing transgression property.

Lawsuits piling up against Strategy could instrumentality years, spell nowhere, lawyer says

The securities fraud lawsuits facing Michael Saylor’s institution Strategy could instrumentality years to play retired — if they spell anyplace astatine all, according to ineligible experts.

Strategy, formerly MicroStrategy, pioneered the usage of Bitcoin (BTC) arsenic an plus reserve for firm treasuries. The institution has been since 2020 making regular purchases of Bitcoin, with implicit 601,550 BTC successful its equilibrium sheets and nary plans to headdress the accumulation.

Now, Strategy has investors questioning its crypto approach. As of mid-July, astatine slightest 7 instrumentality firms person filed complaints against Strategy. Many of the complaints person akin claims, echoing that the defendants overstated the anticipated profitability of its Bitcoin concern strategy and understated volatility risks, arsenic good arsenic the magnitude of losses the institution could admit pursuing the adoption of the ASU 2023-08 accounting principles.

El Salvador hasn’t bought Bitcoin since signing indebtedness deal, IMF says

The International Monetary Fund (IMF) published a study connected Tuesday astir its ongoing indebtedness statement with El Salvador, claiming that the Central American state has not bought immoderate caller Bitcoin since signing the statement successful December 2024.

El Salvador’s Chivo Bitcoin wallet “does not set its Bitcoin reserves to bespeak changes successful clients’ Bitcoin deposits,” the study read. Chivo doesn’t merchantability its BTC, starring to “minor” discrepancies that made it look arsenic if El Salvador’s nationalist assemblage was accumulating BTC.

A missive of intent signed by El Salvador’s cardinal slope president, Douglas Pablo Rodríguez Fuentes, and curate of finance, Jerson Rogelio Posada Molina, contained wrong the IMF report, confirmed the details:

“In enactment with commitments nether the program, the banal of Bitcoins held by the nationalist assemblage remains unchanged, and we are taking steps to mitigate fiscal risks by reducing the nationalist sector’s relation successful the Chivo wallet and reframing the Bitcoin project.”