Market Trends & Cryptocurrency Performance - Crypto majors experienced gains, with XRP leading after the resolution of its legal battle; BTC increased by 0.2% to $116,800, ETH rose by 2% to $3,910, XRP surged by 8% to $3.32, and SOL increased by 2% to $177 [1] - ETH ETFs saw their largest net inflows in 9 sessions, totaling $222.3 million, while BTC ETFs saw $277.4 million [1] - Memecoin leaders were mostly green, including DOGE +4%, Shiba +2%, PEPE +3%, PENGU +1%, BONK +2%, TRUMP +3%, SPX -1%, and FARTCOIN +4% [1] - Runes soared after Elon Musk tweeted the 'Magic Internet Money' meme; MIM +50% to $90 million, PUPS +30%, RSIC +60% [2] Corporate Actions & Investments - SEC and Ripple officially ended their legal battle [1] - Ripple acquired stablecoin payments platform Rail for $200 million, with plans to integrate RLUSD [1] - Fundamental Global Inc (FGF) filed to raise $5 billion to buy more ETH, with $4 billion allocated via ATM for their ETH Treasury [1] - Jack Dorsey's Block added 108 Bitcoin in Q2, bringing its total holdings to 8,692 [1] - Pump Fun announced the 'Glass Full Foundation' and deployed $1.69 million across 10 different Pump tokens to buy its own community coins [2] New Developments & Innovations - ChainLink's LINK token jumped 11% after the team introduced its ChainLink Reserve, now using revenue to buyback its own token for a reserve [1] - Euphoria raised $7.5 million from CT natives to build "the Robinhood for crypto trading" [2] - Eric Trump teased his new mining / treasuryco 'American Bitcoin' and said "Next stop, NASDAQ," now backed by the Winklevoss twins [1]
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TylerD 🧙♂️·2025-08-08 12:32