Ethereum

Bitcoin

Terra

Elon Musk

<p>The crypto realm concludes yet another week, piquing substantial investor interest. Bitcoin (BTC) and Ethereum (ETH) traded with immense volatility, whereas XRP and Terra Luna (LUNC) have caught the eyes of market enthusiasts with their cryptographic advancements.</p>
<p>Here’s a closer look into the major developments that unfolded within the crypto realm this week.</p>
<h2 id="bitcoin-ethereum-battle-crypto-market-turbulence">Bitcoin &amp; Ethereum Battle Crypto Market Turbulence</h2>
<p>Notably, BTC traded with quite the volatility this week, with its chart illustrating a dip in the past 7 days to the $66K price level. Similarly, ETH traded mimicking this volatility, with the weekly chart showing a fall to the $3,500 price level.</p>
<p>Despite the U.S. Producer Price Index (PPI) index data hinting at a cooler inflation rate, further accompanied by the optimism with the latest U.S. CPI data, the <a href="https://coingape.com/crypto-market-face-volatility-after-major-drop-us-ppi-inflation-what-next/" target="_blank" rel="noopener noreferrer nofollow">crypto market</a> has traded sluggishly this week. Bitcoin <a href="https://coingape.com/bitcoin-etf-records-200m-outflow-amid-btc-price-dip-what-next/" target="_blank" rel="noopener noreferrer nofollow">ETFs</a> saw outflows after consistent inflows.</p>
<p>However, amid the bearish turmoil, <a href="https://coingape.com/michael-saylor-upsizes-microstrategy-bitcoin-buy-700-million/" target="_blank" rel="noopener noreferrer nofollow">Microstrategy’s</a> Michael Saylor announced $700 million in senior convertible notes offerings, aiming to bag more Bitcoin.</p>
<h2 id="xrp-news">XRP News</h2>
<p>The Ripple Labs-backed crypto has embarked upon a stockpile of advancements this week. Ripple collaborated with <a href="https://coingape.com/xrp-news-ripple-and-archax-to-bring-tokenized-rwa-worth-millions-to-xrp-ledger/" target="_blank" rel="noopener noreferrer nofollow">Archax</a> to jack up XRP Ledger in becoming a leader in real-world assets (RWA) tokenization. Further, the American blockchain payments company introduced the <a href="https://coingape.com/xrp-news-today-ripple-brings-ethereum-virtual-machine-compatability-xrpl/" target="_blank" rel="noopener noreferrer nofollow">XRPL EVM Sidechain</a> to bring Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger.</p>
<p>On the other hand, <a href="https://coingape.com/xrp-news-today-xrp-healthcare-makes-big-move-in-mergers-acquisitions/" target="_blank" rel="noopener noreferrer nofollow">XRP Healthcare</a> appointed Whitney Lynn as its new chairman. This week’s most attention-nabbing development was the SEC’s claim that Ripple’s arguments on penalties and injunction are inadequate, posing the <a href="https://coingape.com/xrp-price-falling-to-0-42-sec-lawyers-challenge-ripple-penalties-injunction/" target="_blank" rel="noopener noreferrer nofollow">XRP price</a> at risk. Conversely, <a href="https://coingape.com/ripple-sec-lawsuit-sec-shows-strange-animus-ripple-xrp-lawyer-says/" target="_blank" rel="noopener noreferrer nofollow">XRP lawyer</a> Bill Morgan spotlighted the SEC’s inappropriate stance towards Ripple Labs.</p>
<p><strong>Also Read: <a href="https://coingape.com/dogecoin-developer-flays-elon-musk-over-new-x-transparency-feature/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin Developer Flays Elon Musk Over New X Transparency Feature</a></strong></p>
<h2 id="terra-luna-advances">Terra Luna Advances</h2>
<p>Meanwhile, the Terra Luna Classic community passed a Genuine Labs-backed proposal to disburse 256 million <a href="https://coingape.com/terra-luna-classic-community-approves-256-million-lunc-community-pool-spend/" target="_blank" rel="noopener noreferrer nofollow">LUNC</a> for work done by developers on the ecosystem. The community also started voting for a proposal to implement a revised <a href="https://coingape.com/terra-luna-classic-votes-on-implementing-new-lunc-burn-tax-price-fall/" target="_blank" rel="noopener noreferrer nofollow">LUNC burn tax</a> distribution.</p>
<p>Lastly, Terra Luna Classic proposed to implement the <a href="https://coingape.com/lunc-news-terra-luna-classic-community-votes-on-game-changing-proposal/" target="_blank" rel="noopener noreferrer nofollow">Tax2Gas</a> proposal this week, eliminating the need to take care of tax calculations separately.</p>
<p><strong>Also Read: <a href="https://coingape.com/trending/4-crypto-gift-ideas-for-fathers-day/" target="_blank" rel="noopener noreferrer nofollow">4 Crypto Gift Ideas For Father’s Day</a></strong></p>
<p>The post <a href="https://coingape.com/crypto-headlines-of-the-week-bitcoin-eth-ride-rollercoaster-xrp-lunc-make-waves/" rel="noopener noreferrer nofollow">Crypto Headlines of The Week: Bitcoin &amp; ETH Ride Rollercoaster, XRP &amp; LUNC Make Waves</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

Crypto Headlines of The Week: Bitcoin & ETH Ride Rollercoaster, XRP & LUNC Make Waves

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