Cryptocurrency Weekly Roundup: Key Developments and Insights

By: Isha Das

• Solana Faces Backlash Over Controversial Ad
  Solana removed a controversial advertisement due to widespread criticism for its insensitivity towards gender identity issues.
• SEC Reconsiders Crypto Custody Rule
  The SEC might revise or eliminate a rule enhancing crypto custody standards for investment advisers.
• Trump's Bitcoin Initiative
  President Donald Trump proposed a strategy to transform the US into a "Bitcoin nation."
• XRP's Role in US Digital Reserve
  XRP gains attention as it's included in the US strategic crypto reserve amidst debates.
• Bitcoin and Ethereum ETFs Withdrawals
  Bitcoin and Ethereum ETFs experience significant outflows, totaling over $900 million.
• Ripple's Legal Milestone
  Ripple celebrated a legal victory as the SEC dropped its appeal against them.
• US States Adopt Bitcoin
  North Carolina and Minnesota move toward adopting Bitcoin in state investments.
• Ethereum's Supply Decline
  Ethereum's supply on exchanges drops to a near-decade low, posing a significant challenge.