PDAXScope: XRP soars, ETH climbs, crypto law passes

XRP Price Hits New All-Time High After Seven Long Years (Decrypt)

XRP set a new all-time high at $3.64 and shot past its 2018 peak, marking the first time in seven years it reclaimed that record, as reported by Decrypt. The surge – rising over 36% in a week – follows renewed institutional interest, rising open futures positions, and growing adoption of Ripple’s blockchain by financial firms.

Ethereum Pumps To Five-Month High As Treasury Companies Stockpile ETH (Decrypt)

Ethereum jumped past $3,560 in one of its sharpest rallies this year, as reported by Decrypt. One of the drivers for this is because of public companies boosting their ETH treasuries, one of which is SharpLink Gaming, whose stock rose after it accumulated over $527 million worth of ETH.

US passes first major national crypto legislation (BBC)

The U.S. House just approved the GENIUS Act, a new law that sets clear rules for stablecoins, as reported by BBC. It states stablecoins must be backed 1:1 by cash or U.S. government bonds, with regular audits and no interest-earning features which is meant to keep them safe and easy to use. U.S. President Donald Trump is expected to sign the legislation into law.

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