Crypto Trader's $5 Million Loss, Ripple-SEC Lawsuit, Bitcoin Act Of 2025: This Week In Crypto

The week was a rollercoaster ride in the world of cryptocurrency. From a trader’s devastating $5 million loss in meme coins to the nearing conclusion of the Ripple-SEC lawsuit, the crypto space was buzzing with activity. The introduction of the Bitcoin Act of 2025 in the House of Representatives and Binance CEO’s optimism about pro-crypto policies also made headlines. Let’s dive into the details.

Trader’s $5 Million Loss In Meme Coins

A trader, known only as 0xforeverblind, turned nothing into a whopping $5 million during the crypto bull run, only to lose it all in meme coins. Despite his initial success, the trader’s investments in meme coins like Popcat, Gigachad, Mumu The Bull, and Retardio collapsed by 90-95%, leading to his massive loss.

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See Also: House Committee Favors Stablecoin Regulation To ‘Strengthen' Dollar: Majority Whip Says CBDCs Against ‘American Values'

Ripple-SEC Lawsuit Nears Conclusion

The long-standing legal battle between the SEC and Ripple Labs over the alleged $1.3 billion unregistered XRP sale may soon come to an end. The key point of contention is whether XRP's utility and trading status align more with a commodity, like Ethereum, rather than a security.

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Bitcoin Act of 2025 Introduced

U.S. Congressman Nick Begich introduced the Bitcoin Act of 2025 in the House. The bill proposes acquiring 1 million BTC over five years, with a 20-year holding period, without taxpayer funding. The bill acknowledges Senator Cynthia Lummis for her advocacy of Bitcoin and financial innovation.

Read the full article here.

Binance CEO Optimistic About Pro-Crypto Policies

Binance CEO Richard Teng expressed optimism about the pro-cryptocurrency policies introduced by U.S. President Donald Trump. Teng believes this shift marks a turning point for the industry, which faced significant challenges during Joe Biden’s tenure.

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Strategy Files For $21B To Fund Bitcoin Acquisition

Strategy Inc. announced that it has filed to offer up to $21 billion in preferred stock to raise funds for Bitcoin purchases. The sales agreement involves issuing 8.00% Series A perpetual strike preferred stock with a par value of $0.001 per share.

Read the full article here.

Read Next: 

• Dogecoin, XRP ETF Filings Delayed By SEC But Influential Analyst Says ‘Relatively High' Odds Of Approval

This story was generated using Benzinga Neuro and edited by Ananya Gairola