This week in crypto, several significant developments took place. Michael Saylor expressed support for the new SEC Chair Paul Atkins, stating he would be good for Bitcoin. Meanwhile, the Trump memecoin team debunked rumors about a $300,000 requirement to attend a dinner with the former president. Prince Filip of Serbia predicted a huge Bitcoin rally, despite current price suppression. Sam Bankman-Fried was moved to a low-security prison, raising questions about his future legal proceedings. Riot Platforms secured a $100 million ‘Bitcoin-backed’ loan from Coinbase to fund corporate operations and growth initiatives. In terms of performance, Bitcoin closed the week at $94,738, while Ether was at $1,789 and XRP at $2.18. The top gainers among altcoins were OFFICIAL TRUMP, Sui, and Bonk, whereas DeXe, UNUS SED LEO, and PAX Gold were the biggest losers. Concerns over North Korean hacker activities and the sentencing of Avraham Eisenberg for exploiting Mango Markets also marked the week.
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