KEYTAKEAWAYS
- Trump's inclusion of altcoins in the US strategic crypto reserve plan sparked major price rallies in XRP, ADA, and SOL, while reducing Bitcoin's market dominance.
- Industry leaders and analysts offer mixed reactions, with many arguing Bitcoin should be the primary reserve asset with potential supplementary market-cap weighted indices.
- White House's upcoming crypto summit signals continued institutional interest in digital assets despite varying opinions on appropriate reserve composition.
CONTENT
Welcome to the CoinRank Crypto News Roundup. CoinRank will provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
MORNING NEWS
1. CZ Advises Against Overanalyzing Trump’s Crypto Reserve Comments
Binance co-founder CZ commented on Donald Trump’s mention of including “other” cryptocurrencies in the US strategic reserve, urging the community not to overanalyze. “More ‘valuable crypto’ are likely to be added over time. More countries will follow. It’s a fantastic start of something really good,” he stated on X. CZ also hoped the community took advantage of the market dip, reminding everyone to make their own investment decisions.
2. Bitcoin Market Dominance Falls Below 50% Following Trump’s Announcement
Despite Bitcoin rising 10% to $94,220 after Trump’s announcement of a crypto strategic reserve including XRP, Solana, and Cardano, BTC’s market dominance dropped significantly from 55.4% to below 50%. Meanwhile, Cardano surged 60.3%, XRP 34.7%, and Solana 25.5% over 24 hours. Industry figures expressed surprise at the non-Bitcoin-exclusive approach, with Bitwise strategist Jeff Park calling it a “huge political miscalculation” and even Bitcoin critic Peter Schiff questioning the logic of including altcoins.
3. Solana ETF Approval Odds Rise on Prediction Markets
Polymarket data shows the probability of a Solana ETF approval before July 31, 2025, has increased from 19% to 34%, with total trading volume reaching $234,560. The odds of approval within 2025 now stand at 85%, based on $88,177 in trading volume.
4. ADA Market Cap Surpasses DOGE, Claims 8th Position
According to CoinGecko, Cardano’s ADA has surpassed Dogecoin in market capitalization, reaching $35 billion compared to DOGE’s $33.8 billion, making it the 8th largest cryptocurrency by market cap.
5. Coinbase CEO: Bitcoin Is Best Strategic Reserve Asset
Coinbase co-founder and CEO Brian Armstrong commented that Bitcoin would be the optimal choice for a strategic reserve, citing its clear narrative as a successor to gold. He suggested that if more diversity is desired, a market-cap weighted index could maintain fairness, though simply choosing Bitcoin would be the simplest approach.
NOON NEWS
1. Pierre Rochard: Bitcoin Will Naturally Become World Reserve Currency
Riot Platforms VP Pierre Rochard stated, “When each nation acquires a big Bitcoin position and a small basket of their own ‘domestic local cryptos’, the new world reserve currency is BTC by default. Few understand this.”
2. Analyst Predicts High Market Expectations Ahead of White House Crypto Summit
Presto Research head Peter Chung expects markets to maintain high levels ahead of Friday’s White House cryptocurrency summit unless macro-economic factors intervene. He noted that CME might not stop at SOL futures but could expand to XRP and ADA following Trump’s announcement, with these tokens gaining renewed attention from traditional finance investors.
3. RedStone Oracle Goes Live on Sui Network
DeFi oracle RedStone has launched on the Sui network, providing on-chain pricing support for Bitcoin DeFi applications. The integration enhances lending, borrowing, and staking opportunities for BTC holders, with developers now having access to real-time, reliable price feeds.
4. TRC20-USDT Issuance Reaches All-Time High
TRC20-USDT issuance has reached 63.7 billion tokens, a new all-time high representing 44.7% of all USDT in circulation. The TRON-based stablecoin currently has 61.92 million holder accounts and over 2.34 billion total transfers. TRON founder Justin Sun recently announced that the network will launch a Gas Free feature this week, allowing the stablecoin itself to cover transaction fees.
5. David Sacks Confirms Selling All Crypto Holdings Before Taking Office
White House AI and Cryptocurrency Director David Sacks confirmed on X that he “sold all cryptocurrency (including BTC, ETH, and SOL) prior to the start of the administration,” addressing potential conflict of interest concerns.
EVENING NEWS
1. ZachXBT Questions XRP and ADA Legitimacy Based on Stablecoin Support
On-chain investigator ZachXBT commented on Trump’s crypto reserve announcement, noting that one indicator of blockchain legitimacy is native stablecoin issuance from major providers like Circle, Tether, or Paxos. He pointed out that neither ADA nor XRP have received such support from major stablecoin issuers.
2. CoinShares Reports Record $2.9B Weekly Outflows from Digital Asset Products
According to CoinShares’ latest weekly report, digital asset investment products experienced their largest weekly outflow on record at $2.9 billion, marking the third consecutive week of outflows with a three-week total of $3.8 billion. Bitcoin saw $2.59 billion in outflows, while Ethereum reached a record weekly outflow of $300 million. Sui and XRP were the best performers with inflows of $15.5 million and $5 million respectively.
3. Analysis: XRP Whales Selling at Record Levels
Crypto analyst Miles Deutscher reported that XRP whales are unloading at record levels, with large holders aggressively selling since prices rallied over 500% from November. According to CryptoQuant data, recent daily selling volumes have reached $120-180 million, suggesting XRP is in a local distribution phase.
4. Bridgewater Founder: Bitcoin May Be Part of Future Stable Supply Alternative Currency
Bridgewater founder Ray Dalio warned the Trump administration about the risk of a major debt crisis within three years without deficit reduction. When discussing potential currency devaluation risks, Dalio suggested investors should consider “stable supply alternative currencies,” stating, “Bitcoin could be part of that, perhaps a significant part.” He favors Bitcoin as a haven because, unlike real estate, it can’t be easily seized or taxed.
5. Forbes: ETH Supply Growth Rate Lower Than BTC Since The Merge
Since Ethereum’s transition to Proof-of-Stake in September 2022, its supply has grown at a slower rate than Bitcoin’s, challenging the notion that Bitcoin is the best form of sound money. Unlike Bitcoin’s fixed cap of 21 million, Ethereum’s design allows its supply to expand or contract based on network activity. Analysis suggests that while Bitcoin ensures absolute scarcity, Ethereum offers more adaptability and flexibility, potentially making it more “sound” from a supply growth perspective.
▶ Buy Crypto at Bitget
CoinRank x Bitget – Sign up & Trade to get $20!
