**Crypto Weekly Roundup: XRP Soars, Binance Faces Tax Woes, Bitcoin Dips**

**XRP Rockets 26%**

XRP surged 26% as Ripple Labs nears the end of a three-year securities lawsuit with the SEC. A New York judge ordered Ripple to pay a $125 million penalty, which Ripple execs hailed as a victory for the industry. XRP hit $0.63 before settling at $0.59.

**Binance's $86M Tax Bill**

Indian authorities have demanded $86 million in unpaid GST from Binance. The crypto exchange, banned in India since January 2024, plans to resume operations after settling its tax dues.

**Bitcoin Dips Below $50K**

Bitcoin fell below $50,000 for the first time since February, causing a 17% market crash. Leveraged positions worth $600 million were wiped out, and Ether also plummeted by 20%.

**Donald Trump Jr. Enters Crypto**

Donald Trump Jr. announced plans to launch a decentralized finance platform aimed at addressing banking inequality. The project is still in its early stages.

**Ether ETFs Options Listing**

NYSE American LLC has filed to list options for three Ether ETFs from Grayscale and Bitwise, aiming to provide investors with additional exposure and hedging mechanisms.

Stay tuned for more updates in the ever-evolving crypto world!