The Bitcoin price is back above $107,000 this week, climbing nearly 7% after dipping below the $100,000 mark just days ago. Behind the price surge are long-term holders stacking at historic levels, adding 800,000 BTC in just 30 days, a move rarely seen in Bitcoin’s lifetime. With support forming around $93K, the bullish momentum is hard to ignore.
Adding to the sentiment boost, U.S. President Donald Trump publicly praised Bitcoin, calling it a “great thing for our country” and highlighting its role in reducing pressure on the U.S. dollar.
Keep reading for the week’s biggest stories shaking up the crypto space.
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TOP CRYPTO NEWS RECAP (June 22-June 28, 2025)
- UAE Firm Invests $100M in Controversial Trump-Linked Crypto Project
- Judge Upholds Full $125M Fine Against Ripple Despite SEC Agreement
- FTX Fires Back: Denies 3AC’s $1.5B Claim as “Baseless Gamble”
- Ledger Ends Support for Nano S Wallet, Sparking User Backlash and Security Concerns
- Solana Gains ETF Momentum as Invesco and Galaxy Join the Race
- MicroStrategy Nears S&P 500 Inclusion as Bitcoin Holds Strong
UAE Firm Invests $100M in Controversial Trump-Linked Crypto Project
A UAE-based company has invested $100 million in World Liberty Financial (WLFI), a crypto firm co-founded by Donald Trump’s sons and tied to the former U.S. president. The deal makes the buyer, Aqua1 Foundation, the largest WLFI tokenholder, surpassing Tron’s Justin Sun. The investment aims to fuel blockchain development, RWA tokenization, and the adoption of stablecoins. However, the Trump-backed project faces intense scrutiny in Congress over potential conflicts of interest, especially amid debates on stablecoin regulation. Lawmakers have raised concerns about foreign influence and called for legislation to prevent the president from investing in digital assets while in office.
Judge Upholds Full $125M Fine Against Ripple Despite SEC Agreement
A U.S. district judge has rejected a joint request by Ripple and the SEC to slash Ripple’s $125 million civil penalty by 60% and undo a prior ruling that classified XRP sales to institutional investors as securities transactions. Judge Analisa Torres emphasized that Ripple must still adhere to federal securities laws, regardless of regulatory shifts. She ruled that only the appeals process—not a lower court motion—could change the decision. Despite the SEC dropping its broader appeal and Ripple calling it a “victory,” the court maintained its stance, reinforcing Ripple’s prior misconduct and the need for accountability.
FTX Fires Back: Denies 3AC’s $1.5B Claim as “Baseless Gamble”
FTX has strongly rejected a $1.5 billion claim from Three Arrows Capital (3AC), calling it a desperate attempt to shift blame for 3AC’s failed trading strategy. In a Delaware court filing, FTX argued that 3AC’s massive losses stemmed from risky bets on rising crypto prices, not from any wrongdoing by FTX. The exchange insists only $82 million was liquidated—within contractual rights—and even that benefited 3AC by stabilizing its account. FTX also accuses 3AC of inflating account balances and demands that the court dismiss the claim, labeling it legally and factually flawed. A court hearing is set for August 12.
Ledger Ends Support for Nano S Wallet, Sparking User Backlash and Security Concerns
Ledger has announced the end of support for its iconic Nano S hardware wallet, launched in 2016. The decision, highlighted in its May update, means no new apps or updates will be available, prompting users to migrate to newer devices. Many only recently became aware of the change, expressing frustration over being "forced" to upgrade. Critics fear the move compromises security and backward compatibility. Ledger cites limited storage and evolving crypto demands as reasons. Users are urged to back up their recovery phrases and prepare for a potential transition to maintain asset safety.
Solana Gains ETF Momentum as Invesco and Galaxy Join the Race
Invesco and Galaxy Digital have filed to launch a spot Solana ETF, becoming the ninth firm to seek U.S. regulatory approval for such a product. The proposed ETF, named Invesco Galaxy Solana ETF (ticker: QSOL), aims to directly hold Solana and track its spot price, with Coinbase Custody serving as the custodian. The fund may also stake a portion of its SOL to earn rewards. Industry analysts predict the SEC could approve Solana ETFs as early as July, signaling rising institutional interest in altcoins beyond Bitcoin and Ethereum. Approval odds are pegged at 90%, with a potential wave of simultaneous ETF launches.
MicroStrategy Nears S&P 500 Inclusion as Bitcoin Holds Strong
MicroStrategy, led by Michael Saylor and known for its massive Bitcoin holdings, has a 91% chance of joining the S&P 500 by the end of Q2, according to analyst Jeff Walton. The key condition? Bitcoin must stay above $95,240 until June 30. With BTC currently trading above $106,000, historical data suggests a strong chance that it won't dip more than 10% in the final days of the quarter. If successful, MicroStrategy would become the second crypto-related firm in 2024 to join the index, marking another major milestone for crypto’s mainstream acceptance.
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