We are closing another week, and with it comes the weekly Digest, with an explosive round of updates.

Top Gainers of the Week

  • Four (FORM): Leading the charge with a 5.34% surge, FORM’s price now stands at $2.43.
  • Cronos (CRO): Gaining 2.89%, CRO’s price has moved to $0.105.
  • Toncoin (TON): Up 2.77%, TON’s price is currently $3.99.

Top Losers of the Week

  • PancakeSwap (CAKE): Slipping 10.61%, CAKE’s price has dropped to $2.14.
  • Stacks (STX): Down 9.73%, STX now trades at $0.6703.
  • Lido DAO (LDO): Losing 9.67%, LDO’s price is at $0.9399.

Ripple Sets its Sight on U.S. Market After Schooling the SEC What it Means to be ‘Legally Correct’

Ripple is happy to have resolved its 4-year legal battle with the U.S. Securities

and Exchange Commission, giving the digital assets infrastructure the latitude to distribute its XRP tokens to institutional investors.

Besides, the SEC was also ordered to return a $75 million penalty it had previously imposed on Ripple.

‘This is it’

Brad Garlinghouse posted about the resounding victory, saying it’s the moment everyone was waiting for.

The Ripple founder also expressed a lot of optimism and his firm’s commitment to serve the U.S. market by becoming the bridge between traditional finance and decentralized technology.

Interestingly, even as Ripple’s 95% customers base are located outside the United States, the firm is still hopeful to expand into the American market particularly at a time when President Trump is imposing pro-crypto executive policies.

Celo Just Completed Its Ethereum Layer-2 Transition

After making the announcement in 2023, Celo has officially dropped the mic and transitioned from its EVM-compatible Layer 1 chain to Ethereum’s Layer 2 ecosystem.

The new phase of Celo as an L2 will implement EigenDA for data availability and Optimism’s OP Stack. With this, comes significant benefits such as network robustness, security improvements, ultra-low fees, and increased transaction speeds. Developers who want to build on Celo are also guaranteed seamless compatibility.

Right after completing the transition, the price of Celo’s native cryptocurrency rose by 4%, reflecting the market’s excitement.

When a Trillion-dollar Investment Boss Says ‘Buy Bitcoin’

A global technology portfolio manager at T. Rowe Price, Dominic Rizzo, acknowledged that the best time to buy Bitcoin.

Rizzo said this during the Exchange conference in Las Vegas which brought together about 2,000 investment experts while representing his company T.Rowe Price, a prominent investment firm handling over $1 trillion worth of assets.

The investment manager liked BTC with commodities, validating that the largest digital asset has always traded close to its average cost of mining. As such, it’s fair to compare it to traditional commodities, which have historically traded close to their cost of production.

In the old-school world of commodity investing, when the cost of extraction is nearly rubbing elbows with the spot price, it's like the market is shrugging and saying, "We're not going any lower, folks." 

Contrarian investors practically salivate over that, because if the doom-and-gloom is already baked in, there's no room for further disappointment. 

And sure enough, Rizzo's comments are based on these basic economics and how they compare to the price of BTC.

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