Market Analysts View XRP Dip as Natural Correction

Digital asset XRP experienced a 19% price decline this week, dropping to $2.95 from its recent peak of $3.66. Market observers characterize this movement as a standard market adjustment rather than a bearish signal. 【Cointelegraph Markets Pro】 data reveals cascading liquidations contributed to the slump, particularly affecting over-leveraged long positions.

Institutional Buying Spree Reshapes Ether Landscape

BitMine Immersion Technologies has acquired $2.03 billion worth of Ether within 16 days, signaling growing institutional interest. The mining firm's chairman Tom Lee confirmed ambitions to control 5% of ETH's circulating supply. This aggressive accumulation coincides with Galaxy Digital CEO Michael Novogratz's prediction that Ether could outperform Bitcoin within six months, potentially reaching $4,000.

Memecoins Surge Following Celebrity Deaths

Digital assets tied to deceased icons Hulk Hogan and Ozzy Osbourne saw unexpected rallies. The wrestling legend and metal musician's passing triggered both memorial posts and speculative trading, demonstrating crypto markets' sensitivity to pop culture events. ——Industry observers note such volatility underscores the speculative nature of meme-based assets——.

Regulatory Developments Down Under

Australia's Federal Court ruled in favor of Finder.com, concluding its Earn product didn't qualify as a financial security. The three-year legal battle with ASIC establishes precedent for crypto yield services in the region. Meanwhile, an Arizona woman received an 8.5-year sentence for assisting North Korean IT workers infiltrate U.S. crypto firms using stolen identities.

Market Performance Highlights

Weekly top performers included Conflux (72.84% gain) and Ethena (47.25%), while Pump.fun led decliners with a 41.74% drop. Bitcoin maintains dominance at 62% market share despite Friday's $140 million long liquidation event. Analysts suggest global M2 money supply growth——now at $95.58 trillion——could propel Ether beyond $8,000 valuation benchmarks.

Security Incidents Raise Concerns

New York authorities released two suspects on $1 million bail each following a cryptocurrency-related kidnapping case. The incident involved weeks of torture aimed at extracting Bitcoin credentials, highlighting physical risks accompanying digital asset ownership. ——Law enforcement agencies report increasing crypto-linked violent crimes—— particularly targeting high-net-worth individuals.