Crypto Week Review: Top News Picks & Key Takeaways
Highlights
- False news of “Donald Trump is Dead” shocked the crypto market on Saturday, triggering panic and mass liquidation.
- The SEC delayed decisions on crypto ETFs, and Bitcoin and altcoins saw many ups and downs throughout the week.
- Other crypto news also left a lasting impact; the eyes are on the September FOMC Meeting.
The week and the month come to an end today, with major events and crypto news impacting the price of the tokens. Notably, the volatility has been at its peak, with Bitcoin and the rest of the cryptocurrencies facing significant ups and downs. This blog discusses some of the top news of the week and its key takeaways.
Top 10 Crypto News of the Week
The crypto market has been in turmoil throughout the week, per CoinMarketCap data. Many global macroeconomic events and other crypto news updates have impacted investors’ sentiments. Some turned bullish for the digital assets while others pulled them down, showcasing the volatile nature of the tokens.
1. Donald Trump is Dead
False rumors of “Donald Trump is Dead” were spread on August 30 on X, supported by edited The Simpsons clips and remarks from VP JD Vance. These rumors triggered panic in crypto investors, as Trump’s pro-crypto stance has been really bullish for the market this year.
- Source: X
2. SEC Crypto News: Decision on ETFs Delayed Until October
Once again, the SEC has decided to delay their take on crypto ETFs until October. Many, including WisdomTree XRP ETF and others, have been delayed to the year-end. However, despite the delay, Bloomberg analysts see the 95% approval odds on XRP, SOL, and a few other filings.
3. Gemini Launched an XRP Credit Card
Crypto holders witnessed massive news this week, with Gemini launching an XRP credit card with up to 4% reward. More importantly, the card has no annual or foreign transaction fees. Ripple is also a backer of Gemini’s IPO and supports the card launch. It links it with the RLUSD stablecoin used in U.S. spot trading.
4. Cristiano Ronaldo Meme Coin Rumors and Scams
Investors this week faced many rumors and speculation on Cristiano Ronaldo launching a meme coin. However, that is not true; instead, many fake CR7 tokens were released, scamming investors.
Notably, there’s no announcement from Ronaldo or his team around any token launch.
5. Bitcoin Price and ETF Inflows Crash
Despite high demand, institutional buys, including Dutch firm Amdax securing $23M to build a Bitcoin treasury, BTC entered a significant downtrend this week. Amidst the macroeconomic uncertainty, the Bitcoin price declined below the $109k mark on August 30. In addition, the spot Bitcoin ETFs recorded $126.6M in outflows.
6. El Salvador Moved its Bitcoin
To mitigate the risk of quantum computing attacks, El Salvador has moved 6,274 BTC (its total holdings) into 14 wallets. The move not only provides better security but will also provide more transparency as it will have a new public dashboard, which is part of its Bitcoin adoption strategy.
El Salvador is moving the funds from a single Bitcoin address into multiple new, unused addresses as part of a strategic initiative to enhance the security and long-term custody of the National Strategic Bitcoin Reserve. This action aligns with best practices in Bitcoin…
— The Bitcoin Office (@bitcoinofficesv) August 29, 2025
7. Elon Musk’s Lawyer Proposes $200M DOGE Treasury
CoinGape experts note that Alex Spiro, Musk’s lawyer, is pitching a $200M Dogecoin Treasury company, with approval from the House of D.O.G.E. On this news, the Dogecoin price rebounded, and experts predict a significant bullish momentum in the future.
8. CFTC Allows American Investors Legal Access to Offshore Crypto Exchanges
In this week’s crypto news, a major regulatory framework-related development has been made, as the CFTC issues new guidelines for investors. According to that, Americans can now legally access offshore crypto exchanges under the Foreign Board of Trade (FBOT) framework, expanding market access and more.
9. Trump vs Lisa Cook Feud
After Donald Trump’s dismissal of Fed Governor Lisa Cook over a mortgage fraud allegation, she has now sued him to block her removal from the Fed board. She argues that Trump’s moves are against the Federal Reserve Act; the court is yet to issue a ruling.
Traders are betting on her removal; there is a 73% chance Cook will vote at the September FOMC, where 13% say she will be out by the end.
- Source: Polymarket
10. U.S. Commerce Department Published GDP Data on Blockchains
The U.S. Commerce Department has started publishing GDP data directly on blockchains like Bitcoin, Ethereum, and Solana. The market is the first-ever federal release of economic data on blockchain. In this, Chainlink and Pyth Network are assigned a significant role, fueling PYTH’s 100% price rally and more.
All this crypto news left a significant impact on digital assets. Now, the investors are eyeing the next month, especially in hopes of September interest rate cuts.
Frequently Asked Questions (FAQs)
1. What fueled the “Donald Trump is Dead” rumor?
2. What’s the hype around Gemini’s new XRP credit card?
3. Why did El Salvador move its BTC?
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