Bitcoin (BTC) flipped Amazon’s market cap this week, surging past $120K as the US “Crypto Week” pushed three key Web3 bills through the House, boosting optimism across the market. The total crypto capitalization is now nearing $4 trillion, with XRP and XLM hitting fresh highs after the GENIUS Act was passed. Meanwhile, new ETF filings, major token rallies, and even a $27M exchange hack kept the space buzzing.
From Bitcoin’s dominance to stablecoin legislation reshaping the landscape, here’s your full crypto recap for the week.
Dive in to catch the biggest moves and what’s next for the cryptocurrency market.
XRP Hits All-Time High as GENIUS Act Boosts Stablecoin Outlook
XRP soared to a new all-time high of $3.46 after the US House passed the GENIUS Act, driving record demand and futures open interest above $10.4B. Ripple’s RLUSD stablecoin growth and rising ETF inflows fueled the rally, with analysts now eyeing $4.20 as the next key target, and possibly $5 if momentum holds.
XLM Jumps as GENIUS Act Boosts Stellar’s Stablecoin Momentum
Stellar Lumens (XLM) surged to $0.46 after the US House passed the GENIUS Act, a bill setting strict rules for stablecoins. Stellar, a key USDC processor, saw a 53% increase in USDC volume to $1.6 billion, along with a 20% rise in stablecoin transactions. With bullish technicals forming, XLM could target $0.63 next.
Canary Capital Seeks SEC Nod for First Staked Injective ETF
Canary Capital has filed with the SEC to launch the first U.S.-staked Injective ($INJ) ETF, giving investors exposure to INJ’s price and staking rewards. The fund would stake a portion of its holdings to generate yield, passing extra tokens to shareholders. If approved, it would mark a major milestone for yield-bearing crypto ETFs in the US.
AERO Surges on Base App Launch, Targets New Highs
Aerodrome Finance (AERO) spiked to $1, its highest level since February, after Base Blockchain unveiled The Base App, set to replace Coinbase Wallet and bring DeFi apps like Aerodrome to the mainstream. With TVL climbing to $595M and bullish momentum in the broader crypto market, AERO could push 40% higher toward $1.30 if current trends hold.
BigONE Exchange Loses $27M in Major Supply Chain Attack
BigONE Exchange confirmed a $27 million loss after hackers exploited a vulnerability in its production servers, bypassing risk controls without breaching private keys. The attacker drained Bitcoin (BTC), ETH, USDT, SOL, and other tokens across multiple chains. BigONE has paused withdrawals, pledged full user compensation, and is reinforcing security before resuming normal operations.
XRP Price Prediction: Analysts Eye Long-Term Targets Up to $50
XRP has climbed to $3, just shy of its all-time high of $3.40, reigniting bold forecasts. Sistine Research predicts a long-term surge to $33–$50, representing a jump of over 1,000% from current levels. Catalysts include potential Bitcoin rallies, ETF approvals, institutional inflows, and Ripple’s growing payments network. Near term, bulls target $3.40, with $5 as the next key milestone.
Zimbabwe’s ZiG Holds Firm Backed by Gold Reserves and IMF Push
Zimbabwe’s ZiG currency has remained stable in 2025, trading at 26.8 per USD, thanks to surging gold reserves and high interest rates that attract carry trades. Gold output jumped 46% in Q1, boosting reserves to $500M. The IMF is urging ZiG to adopt the sole currency, but public trust remains low, with 70% of transactions still conducted in US dollars.
Sonnet Merges With Rorschach to Launch $888M Hyperliquid Crypto Treasury
Sonnet BioTherapeutics is pivoting from biotech to crypto, merging with Rorschach I LLC to form Hyperliquid Strategies Inc. (HSI). The $888M deal includes 12.6M HYPE tokens and $305M cash, making HSI the largest U.S.-listed firm holding Hyperliquid’s Layer-1 token. Backed by Atlas Merchant Capital and Paradigm, HSI will combine crypto asset management with Sonnet’s biotech pipeline.
Pepe Coin Jumps 52% as Whale Demand and Supply Squeeze Fuel Rally
Pepe Coin surged over 52% to $0.000025, driven by whale accumulation and a sharp drop in exchange reserves, signaling strong holding sentiment. Data shows that top investors are increasing their holdings. The MVRV ratio has turned positive, suggesting a bullish trend. As Ethereum rises and technical indicators improve, analysts expect further gains as important resistance levels are reached.
