Key Takeaways
- • Evernorth CEO Asheesh Birla said the company's Nasdaq debut is a milestone for XRP, with the firm preparing to deploy its 473 million XRP holdings gradually into institutional lending and decentralized finance.
- • Galaxy Digital CEO Mike Novogratz called AI the "biggest bubble of our lifetime" while giving Bitcoin better odds of reaching $100,000 than falling to $50,000 before year-end.
- • Novogratz flagged the $79,000 to $80,000 region as key downside support; a decisive break below it could weaken Bitcoin's bullish momentum.
- • Bitcoin traded slightly above $81,000, with analyst John Decoded citing $83,500 as a breakout level that could open the door to the mid-$90,000s.
- • PEPE rose 13% over the week, outperforming Bitcoin, Ethereum and Dogecoin in a sluggish market.
- • A Circle Internet Group shareholder sued President Donald Trump and World Liberty Financial, alleging illegal profiteering from more than $2 billion in payments tied to a foreign government.
Summary
Crypto markets had a restless week, with Bitcoin hovering near key technical levels while geopolitical concerns revived selling pressure across major tokens. Institutional crypto plans, artificial intelligence warnings and a legal dispute involving World Liberty Financial also drew attention.
Evernorth CEO Asheesh Birla said the company's Nasdaq debut represents an important milestone for XRP. The firm plans to deploy its 473 million XRP holdings gradually, focusing on institutional lending and decentralized finance opportunities, with an emphasis on security, liquidity and sustainable returns.
Galaxy Digital CEO Mike Novogratz said artificial intelligence could become the "biggest bubble of our lifetime," while assigning Bitcoin better odds of reaching $100,000 than falling to $50,000 before year-end. He identified the $79,000 to $80,000 region as an important downside area, warning that a decisive break beneath it could weaken Bitcoin's current bullish momentum. Separately, Milk Road analyst John Decoded said Bitcoin, trading slightly above $81,000, could move toward the mid-$90,000s on a sustained break above $83,500. Speaking on the Milk Road Show, Decoded said buyers had defended the $81,000 level while sellers failed to push Bitcoin below $80,000 despite broader risk assets unwinding leverage.
Major cryptocurrencies struggled to build momentum during the week, but meme token Pepe stood out, climbing 13% over the period and outperforming Bitcoin, Ethereum and Dogecoin, which declined as investors searched for pockets of strength.
A shareholder in Circle Internet Group Inc., former Circle employee J. Benjamin Greenberg, sued President Donald Trump and World Liberty Financial on Thursday in Washington federal court. The complaint alleges illegal profiteering that violated the U.S. Constitution, claiming Trump benefited from more than $2 billion in payments connected to a foreign government through the crypto platform co-founded by his sons.
Evernorth CEO Asheesh Birla said the company's Nasdaq debut represents an important milestone for XRP. The firm plans to deploy its 473 million XRP holdings gradually, focusing on institutional lending and decentralized finance opportunities, with an emphasis on security, liquidity and sustainable returns.
Galaxy Digital CEO Mike Novogratz said artificial intelligence could become the "biggest bubble of our lifetime," while assigning Bitcoin better odds of reaching $100,000 than falling to $50,000 before year-end. He identified the $79,000 to $80,000 region as an important downside area, warning that a decisive break beneath it could weaken Bitcoin's current bullish momentum. Separately, Milk Road analyst John Decoded said Bitcoin, trading slightly above $81,000, could move toward the mid-$90,000s on a sustained break above $83,500. Speaking on the Milk Road Show, Decoded said buyers had defended the $81,000 level while sellers failed to push Bitcoin below $80,000 despite broader risk assets unwinding leverage.
Major cryptocurrencies struggled to build momentum during the week, but meme token Pepe stood out, climbing 13% over the period and outperforming Bitcoin, Ethereum and Dogecoin, which declined as investors searched for pockets of strength.
A shareholder in Circle Internet Group Inc., former Circle employee J. Benjamin Greenberg, sued President Donald Trump and World Liberty Financial on Thursday in Washington federal court. The complaint alleges illegal profiteering that violated the U.S. Constitution, claiming Trump benefited from more than $2 billion in payments connected to a foreign government through the crypto platform co-founded by his sons.
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