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$XRP surged in the charts over the past 24 hours, pushing it past its ATH of $3.4 from January 2025, with a market cap now surpassing $200B.

The token now sits at $3.45, following a 5% rally over the past day and 32% for the last week.

The sudden surge catapulted $XRP in the charts, such that it now ranks as the 3rd largest crypto coin on the market, surpassing Tether $USDT’s market cap by $60B and placing itself below Bitcoin and Ethereum.

But what’s behind this meteoric rise, and should we expect more?

The House Passes Trump’s GENIUS Act, Firing Up the Crypto Bull

We can largely attribute $XRP’s chart boom to the House of Representatives passing the GENIUS Act, which seeks to establish a clearer and more coherent regulatory framework for stablecoins.

Senate Banking Committee Chairman, Tim Scott, applauded the move, declaring that:

Tim Scott has been a long supporter of America’s pro-crypto policy, declaring back in January that his goal is to undo the SEC’s Gary Gensler’s anti-crypto stance, which forced many crypto projects overseas.

The passing of the GENIUS Act will have significant repercussions in the crypto world, as it plans to turn crypto mainstream by merging it with US’s payment systems.

In simpler terms, more people will use crypto than ever because the US government is essentially now vouching for crypto products.

This explains Bitcoin’s new ATH of $123,200 on June 14, as well as $XRP’s more recent surge, with the latter raising even more eyebrows. $XRP surpassed Bitcoin’s growth by a factor of 5 over the past week, with 5% to Bitcoin’s 0.44%.

With Bitcoin still pushing up and $XRP attempting its own run for a $4 ATH, it’s expected that some of the best crypto presales in 2025 will follow suit as the market maintains its upward pressure.

Here are three of the most promising tokens you can get into today.

1. Snorter Token ($SNORT) – The Solana-Based Trading Bot Sniping Hot Tokens in Telegram

Snorter Token ($SNORT) introduces the Snorter Bot, a trader’s most loyal friend, which snipes hot tokens straight from its Telegram chat.

The Bot solves most problems associated with manual coin hunting, which include the high tech knowledge requirement and the risk of running into scams like honeypots and rug pulls.

Snorter Bot simplifies the entire process of opportunistic investing by centralizing its activity in the Telegram chat; no more juggling multiple wallets, browser extensions, or trading tools.

The project’s express utility, along with the meme value coming with the sniper-armed Aardvark, explains the presale’s performance so far.

$SNORT’s presale has accumulated over $2M at this point since May with a starting token price of $0.09350000. The coin now sits at $0.0985, as it’s guaranteed to increase during the presale and after.

Based on the current price of $0.0985, a potential $3.25 price point translates into an ROI of 3,200% for a 5-year investment.

If you want to support the project, visit the presale page and buy your $SNORT today.

2. XRP ($XRP) – The Cost-Effective and Tool-Rich Blockchain for Businesses and Individuals

With XRP ($XRP) booming in the charts, it was only natural that it would find its way on today’s list.

XRP Ledger is the decentralized ecosystem that offers businesses and developers the tools they need to create value and solve problems.

XRP comes with a variety of tools aimed at both novice and veteran developers, like SDKs, open-source libraries, and Nodes.

With Ripple applying for banking license as well, XRP will also enter the banking system soon, providing banks with flexible solutions to managing their Central Bank Issued Digital Currencies (CBDS.)

Between this and the House passing the GENIUS Act recently, XRP is likely rallying for another bull run.

The token sits at $3.45, but it’s under an 5% upwards pressure right now, so we expect it to break another ATH at $4 soon, probably today or tomorrow, if sentiment holds.

If you want to invest, go to your preferred exchange and buy your $XRP while it’s hot.

3. Bitcoin Hyper ($HYPER) – Bitcoin’s Layer 2 Upgrade Coming with Faster Transactions and Lower Fees

Bitcoin Hyper ($HYPER) is Bitcoin’s official Layer 2 upgrade that promises to achieve what the Lightning Network couldn’t: faster transactions and lower fees.

The project relies on two primary tools to achieve these goals. The first is the Canonical Bridge, which mints the users’ tokens onto the Hyper layer, helping with network decongestion.

The Solana Virtual Machine (SVM) enables the ultra-fast execution of smart contracts and DeFi apps, boosting Bitcoin’s overall performance.

As expected, faster transactions would translate into lower network fees, which would bring the Bitcoin ecosystem to modern-day standards in terms of performance, without compromising its security or brand value.

The project is still in presale and has accumulated over $3.3M so far, with a token price of $0.0123, since its start date in May.

These numbers recommend Bitcoin Hyper as one of the best presales of 2025, with $HYPER likely to boom post-launch.

You can support the project and join the FOMO train by visiting the presale page and buying your $HYPERs today.

Will $XRP Break the $4 ATH?

All evidence points at the fact that $XRP is likely to break the $4 ceiling soon with Trump’s newly approved GENIUS Act being the main catalyst.

$XRP’s $ATH would add more fuel to the crypto fire currently scorching the market ever since Bitcoin broke through its first $123 ATH.

As XRP and Bitcoin rally, projects like Snorter Token ($SNORT) and Bitcoin Hyper ($HYPER) will also see consistent gains, primarily thanks to their utility and long-term potential.

Remember, this isn’t financial advice. Do your own research (DYOR) and invest wisely.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Author

Julia Smith

Author

Julia Smith

About Author

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

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July 11, 2025

Ranking member of the House Financial Services Committee Maxine Waters (D-CA) Congressman Stephen Lynch (D-MA) announced July 11 that next week will be known as “Anti-Crypto Corruption Week” on Captiol Hill.

Democrats Push Back On GOP Crypto Week

According to the Friday notice posted on the House Financial Services Committee’s website, Democratic lawmakers will be pushing against the Republican Party’s planned “Crypto Week” in opposition to their political opponents’ mobilization to pass crypto legislation.

Specifically, Waters and Lynch called out both the CLARITY Act and the GENIUS Act by name in the notice, going so far as to call the proposed rulemaking “dangerous pieces of crypto legislation.”

The two U.S. lawmakers also took aim at U.S. President Donald Trump’s crypto ventures, claiming his dive into the world of digital assets is merely a part of his “evil and corrupt crypto empire.”

“Aside from lacking urgently needed consumer protections and national security guardrails, these bills would make Congress complicit in Trump’s unprecedented crypto scam – one that has personally enriched himself, his entire family, and the billionaire insiders in his cabinet, all while defrauding investors,” Waters said.

Donald Trump’s Digital Asset Ventures Questioned

Trump has garnered increased scrutiny in recent months over his affiliation with novel crypto platform, World Liberty Financial, over their new USD1 stablecoin as well as his the launch of his namesake memecoin $TRUMP.

Critics of Trump’s ties to the blockchain sector allege that his Trump-affiliated cryptocurrencies may pose ethics concerns as anyone – including those involved in foreign governments – may purchase and hold the coins.

“My Republican colleagues are eager to continue doing the bidding for the crypto industry while conveniently ignoring the vulnerabilities and opportunities for abuse that exist in crypto – especially given President Trump’s acceptance of billions of dollars in investment in his family crypto business from foreign governments and his blatant conflicts of interest,” said Congressman Lynch.

Paolo Ardoino, the chief executive of USDT issuer Tether, thinks many European banks will “blow up” in the coming years.

In a new interview with Pascal Hügli, Ardoino blasts European Union stablecoin regulations, arguing that they increase systemic risk to the economy rather than doing the opposite.

“So remember, their regulation was pushing us to keep 60% of our reserves in uninsured cash deposits in Europe. So let’s make this simple math calculation, right?

Imagine that you have €10 billion in market cap of your stablecoin in Europe. 60% needs to be kept in uninsured cash deposits in a bank. Uninsured cash deposit means that bank insurance in Europe is only €100,000…

Now, of those €6 billion, you know that European banks – well, all the banks – are doing fractional reserves, so they can lend out 90% of it to people that want to buy a house, that want to start a business, or to public works or whatever.

So €5.4 billion will be lent out by the bank and €600 million will be kept…

So imagine that you have a redemption of 20%, so you need to pay out €2 billion. You go to the bank and you tell the bank, ‘Well, I want €2 billion.’

And the bank says, ‘Well, I only have €600 million.’ As a stablecoin issuer, you go bankrupt. Not because of you, but because of the bank. So the bank goes bankrupt and you go bankrupt.”

Ardoino says the regulations are designed to bring liquidity to the banks. He claims that the big financial institutions in Europe won’t bank stablecoins, so stablecoin issuers following EU regulations will be forced to rely on smaller banks with more risk.

According to Ardoino, the setup will lead to a banking crisis in Europe.

“Mark my words, as happened with Silicon Valley Bank, that, by the way, almost killed them in 2023, they will face the same issues. Banks will blow up in the next years also in Europe…

Many banks will blow up in Europe in the next few years.”

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Senator Elizabeth Warren is worried a bipartisan stablecoin bill working its way through Congress doesn’t do enough to address the systemic risks she thinks the dollar-pegged assets pose.

Senator Bill Hagerty (R-TN) introduced the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in February.

The legislation, which aims to establish regulatory clarity for stablecoins, passed out of the Senate Banking Committee on March 13th by a bipartisan 18-6 vote.

In a speech to the committee earlier this month, Warren (D-Massachusetts) said the bill doesn’t protect consumers, national security or financial stability.

“The bill lacks basic safeguards necessary to ensure that stablecoins don’t blow up our entire financial system. Under this bill, stablecoin issuers can invest in risky assets, including the very assets that were bailed out in 2008 and again in 2020. And anyone who thinks the US taxpayer won’t be called on, directly or indirectly, to bail out these guys out is kidding themselves. Circle, one of the largest stablecoin companies in the world, would have blown up in 2023 if regulators hadn’t bailed out its $3.3 billion of deposits at Silicon Valley Bank. This bill begs for more bailouts.”

The potential legislation would require stablecoin issuers to maintain backing for their assets on a 1:1 ratio.

The bill states that stablecoin issuer reserves can be made up of US currency; funds held as demand deposits or insured shares at an insured depository institution; and Treasury bills, notes or bonds.

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Crypto Observers on Monday speculated that World Liberty Financial (WLFI), a distributed financial (DEFI) platform supported by President Donald Trump and his family, could be testing the much-anticipated stable rock of dollars before rolling out for the wider public.

Earlier today, blockchain detectives noted a surge in activity using tokens labeled World Liberty Financial USD (USD1) on blockchain surveillance websites Etherscan and BSCSCAN. USD1 was deployed earlier this month in a series of transactions with Ethereum and BNB chain networks, with tokens occurring over the past few weeks, according to blockchain data.

Some transfers included addresses linked to WinterMute, a large digital asset trading company and market maker, Crypto Custodian Bitgo, according to data from Arkham Intelligence. Token supply was now around 3.5 million to 3.5 million on Ethereum and BNB chains, per Etherscan and BSCSCAN.

Changpeng CZ Zhao, founder of Crypto Exchange Giant Binance, has taken extensive attention to the tokens by “welcoming” the BNB chain’s projects with a screenshot of the USD1 BSCSCAN profile shared with 10 million followers. The post, which I said later, sparked a wave of copycats aimed at attracting new attention.

The WLFI responding with the X post states that USD1 is currently unavailable for transactions, and crypto users should be aware of fraud.

Stablecoin topic

The WLFI, a project led by Zachary Folkman and Chase Herro, created Splash last year as one of the first crypto projects to enjoy backing Trump. The protocol aims to provide a blockchain-based market where users can borrow and lend cryptocurrencies, create liquidity pools and trade with Stablecoins.

It is widely known that the project is working on creating its own Stablecoin, but there was no official communication about the exact plan and timing of launching the token publicly. Coindesk contacted the team but did not reply.

Stablecoins is one of the fastest growing corners in the crypto industry and is widely regarded as a killer use case for blockchain. It is widely used as crypto trading pairs and transactions on blockchain rails, mainly towards the US dollar, as prices are fixed to external assets. It is also increasingly used for daily payments, remittances and savings, attracting the attention of many venture capital investors.

Over the past few months, talk around asset classes have rejuvenated as the Trump administration has raised stubcoin regulations to the top of its crypto agenda. Treasury Secretary Scott Bessent said Stablecoins play a key role in maintaining their global role as a reserve currency for the US dollar.

The latest frenzy that began with President Donald Trump’s launch of Trump Memocoin may have finally crashed with Libra’s token Fasco, seeing millions of people making and losing within minutes It’s not possible.

Libra, a Solana-based project tweeted on February 14 by the president of Argentina Javier Milei, has reached a market capitalization of $4.5 billion, and then insiders pay cash and leave many bags within hours We considered it to have fallen by more than 80%. Holders with large losses.

The story became an international and political event over the weekend. Over the past few days, Mairay has deleted the original tweet, denied his support and denounced his mischievous political opposition. This ultimately led to his story of each, creating uncertainty in the Argentine stock market. He then put an explosive twist on the story.

On Tuesday, Coindesk said the key player behind the Libra token boasted about buying access to Argentine President Javier Mirei’s inner circle months before Memecoin’s scandalous launch and crash. I broke the news.

Kerfuffle for these kinds of mimecoin is not uncommon, but how this happened after the obvious “ragpur”, and what followed, the risk of unchecked crypto transactions and memocoin It highlighted the potential for a hit in reputation across the sector.

“The Libra episode represents a potential point of oversaturation in Memocoin space,” said Toronto-based Crypto Platform Frnt Financial. “At this point, the novelty of Trump and Melania and the new projects after Libra today is largely exhausted.”

“In addition, the outcome of reputation for these assets can be significant. This episode says it is likely to continue to unfold as new details emerge. At this point, MemeCoins has been “pumps and dumps.” It is synonymous with the scheme.” It was contested.

This incident, along with other memocoin-related events that have led many retailers to lose money, may tweak them to make more effort to police themselves in the community.

“The whole of $Libra Memecoin Fiasco over the weekend should serve as a reminder that all of us in the Defi community are responsible for making this space safer for our users.”

How the “bad failure” happened

From February 14th, the entire episode of Milei and Libra took place within a few days.

As explained by Alex Thorn of Galaxy Research, the token was released on its fateful day in Solana-based Dex Meteora, and in Milei’s first post (now deleted) X, the purpose of the token is Growth It says it is to help. Argentine Economy – Great support for Memocoin.

As token prices peaked at $4.4 billion within hours, inchain analysts said insiders quickly began to threw away their holdings and began to win nearly $100 million.

The next day, Milei deleted the original post and sent a shockwave within the Memecoin community. Meanwhile, Solana, a blockchain of tokens, saw native tokens, sols and falls.

In his new post, Mairay has no idea about the project and has denounced the political opposition of the mischievous, claiming that he has turned the situation into a political game. By then, the token had wiped out about $4.5 billion in retail capital in seven hours. According to CoinmarketCap data, the market capitalization is currently just over 500,000.

On the same day, several important opinion leaders (KOLs) came up, including Dave Portnoy, Threadgey, Hayden Davis and Faze Banks of Basour. Portnoy said he was an early investor and refunded his money, further spreading the controversy that insiders benefited from Libra Fiasco. Meanwhile, Davis revealed he was behind both Libra and Melania memo coins, saying that the Argentine token incident “is not a rug pull.”

The next day, Argentine’s opposition threatened Mairay with an ammo for each of the incident. On February 17th, Dex Meteora co-founder Ben Chow resigned from the controversy after it was released by Libra. Chou was also the co-founder of Jupiter, a Solana-based trading aggregator. On the same day, Argentine stock market collapsed almost 6% after a report from a Mairay survey.

Read more: LIBRA Clear Lag Pull, the latest “Sordid Episeod” emerges from Solana’s Memecoin Complex: Galaxy

On February 18, Coindesk reported that Davis had texted her to claim that she could “control” her because she had paid her powerful Mailea government figure, Karina Mailea and the president’s sisters. I broke it.

“Set fold for ciphers”

It is still unknown what will happen to Milei and everyone involved. However, even if FTX’s epic blowout is anything, this story might still be unleashed.

What it emphasizes is that Memocoin drama, which became a game of profit and loss in seconds in this cycle, could be at a crossroads. As institutional investors are making big bets on Bitcoin and Ether with the launch of exchange sales funds, those assets are more friendly and stable, so the Memecoin sector is the ugly duck duck in the crypto space. I’m stuck like that. .

“Overall, this whole story is a real set-off for the crypto space,” Chung said. “If you want to attract new retailers, this is not a way to do that.”