**Top Stories of The Week**

**Trump Buys Burgers with Bitcoin in NYC**

Donald Trump made headlines by purchasing burgers with Bitcoin at Pubkey, a New York City bar known for accepting the cryptocurrency. This marks the first time a former U.S. president has used Bitcoin in a transaction. The event followed his announcement of a new token through World Liberty Financial.

**SEC Criticized for Crypto Regulation Approach**

Arkansas Representative French Hill slammed the SEC and its chair, Gary Gensler, for creating confusion in the crypto market. Hill suggested alternative regulatory measures like the FIT21 Act to provide clearer guidelines for digital assets.

**Fed Rate Cut Sparks Inflation Concerns**

BitMEX co-founder Arthur Hayes speculated that the recent Fed rate cut might be politically motivated to support the Democratic Party. Hayes warned that this move could lead to increased inflation and market instability.

**Binance CEO Fights for Detained Exec in Nigeria**

Binance CEO Richard Teng is working tirelessly to secure the release of Tigran Gambaryan, who is detained in Nigeria. Teng emphasized the urgency due to Gambaryan's declining health and has appealed to both Nigerian and U.S. authorities.

**Solana Unveils New Smartphone, Seeker**

Solana introduced its latest smartphone, Seeker, which is more affordable than its predecessor, Saga. The device aims to offer unique rewards and experiences beyond just memecoins, targeting 140,000 pre-order customers.

**Crypto Market Update**

Bitcoin (BTC) stands at $63,127, Ether (ETH) at $2,559, and XRP at $0.58. Top gainers include Sui (SUI) at 44.76%, Celestia (TIA) at 33.66%, and Fantom (FTM) at 29.04%. Top losers are Helium (HNT) at 10.67%, KuCoin Token (KCS) at 9.04%, and SATS (1000SATS) at 8.71%. For detailed market analysis, visit Cointelegraph.