The crypto market may be gearing up for increased volatility as Bitcoin and Ethereum options worth $5.2 billion will be expiring this week.
The top two crypto assets by market cap seem to be warming up toward the expected volatility, considering their price performance in the past two days. For context, Bitcoin slipped over 3.5% from Monday’s over $69,000 high to $66,848, while Ethereum fell 4.4% from $2,752 to $2,631 at the time of writing.

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Today marks the anniversary of Elon Musk’s first public endorsement of Bitcoin on social media, during which the premier cryptocurrency has seen its value surge by over 1,000%.
Six years ago, Bitcoin was trading as low as $6,400. Around this time, renowned tech billionaire Elon Musk made a witty comment on X (formerly Twitter), asking a commenter if they would like to buy some Bitcoin.
This was the first instance of Musk mentioning “Bitcoin” on his social media account. At the time, Bitcoin was even in a bear market, and its price subsequently dropped around $3,000 a few weeks later.

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The Avalanche Foundation introduces a new payment card, enabling users to spend selected cryptocurrencies across Visa-supported merchants. 
Dubbed the Avalanche Card, the new payment solution allows users to spend crypto assets like USD Coin (USDC), staked AVAX (sAVAX), and Wrapped AVAX (wAVAX), among others, at any merchant that accepts Visa. 

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Yoroi Wallet, a Cardano-based light wallet, and Bring, a white-label crypto cashback platform, are launching a partnership to connect blockchain technology with global retail.
This venture will allow users to earn Cardano’s native crypto, ADA, as cashback rewards when shopping with more than 775 retailers worldwide. 
Through this collaboration, users will experience a novel way to passively earn ADA through everyday purchases. According to a Monday post, the initiative is a part of Cardano’s growing focus on expanding its real-world applications through practical, user-centric solutions.

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Bitcoin hits a multi-month high, sparking increased whale activity, record accumulation in addresses, and a surge in futures open interest.
Bitcoin (BTC) opened the week on a strong note, surging to a new multi-month high of $69,500 on Monday. However, it failed to maintain its momentum toward the $70,000 mark, leading to a retracement to $67,563.
This represents a 2.08% decline over the last 24 hours, despite maintaining a 3.22% increase in the past week. Notably, Bitcoin’s recent price action has sparked an increase in whale activity, with large-scale investors steadily accumulating the crypto.

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Payment giant Ripple shuffled 200,000,000 XRP between its wallets, raising speculation within the community.
As reported by market tracking resource Whale Alert, the transaction involved a Ripple-tied wallet, with the tracking platform dubbing the recipient address unknown. The sending Ripple address “rBg2Fu” transferred 200,000,000 XRP, valued at $109 million at the time, to the receiving address “rP4X2h” on Monday by 20:28 UTC.

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Blockchain firm Peersyst Technology has launched an XRP Ledger (XRPL) Snap, which will allow over 30 million Metamask users access to the blockchain.
The software firm announced on Monday that Metamask users can now access the XRPL network and harness its properties through the self-custody wallet. Peersyst noted that the latest addition offers users the same functionality available on the XRPL mainnet and testnet.
For context, a Snap application allows non-Ethereum Virtual Machines (EVMs) access to integrate with the Metamask wallet. Notably, Metamask is a cold wallet that interacts only with the Ethereum network by default. However, certain blockchains could bridge users to other chains such as Ethereum with innovations like Snap, as Peersyst’s XRPL Snap intends to achieve. This latest feature provides easy accessibility to the XRPL network, further expanding the ecosystem’s adoption.

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Leading digital asset manager VanEck has enabled staking options for its Solana exchange-traded note (ETN) in the European market. 
Matthew Sigel, VanEck’s Head of Digital Assets Research, announced the development today in a statement shared on X. According to Sigel, the staking rewards for VanEck’s Solana ETN (VSOL) will accrue and be re-invested daily. 
The rewards will automatically reflect in the product’s daily net asset value (NAV). Investors will benefit from the recently launched feature without having to manage the process themselves. Sigel emphasized that the company will manage the Solana ETP’s staking exposure to maintain daily liquidity. 

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Cardano founder Charles Hoskinson has shared his bold outlook for the Cardano network, asserting that ADA would surpass the $1.35 trillion crypto, Bitcoin.
He made this assertion during his keynote presentation at the 4th annual Cardano Community event in Buenos Aires, the capital of Argentina. 
In his talk, Hoskinson looked back on Cardano’s journey. He highlighted significant milestones in its evolution, the growth of its engaged global community, and the technical innovations that set it apart. Specifically, Hoskinson noted how the network has evolved into an 11-figure platform with millions of users. He also discussed the significance of having the most extensive research group in the world dedicated to Cardano and acknowledged the enthusiasm of the younger generation driving its growth. 

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Dogecoin (DOGE) recently surged above $0.15 following a notable statement from entrepreneur Elon Musk.
Although the uptrend quickly waned, with DOGE retracing to the $0.14 range, it is currently trading at $0.1459. This still reflects a 2.03% rise in the last 24 hours and a substantial 29.23% increase over the past seven days.
The recent gains in Dogecoin coincided with Musk’s revelation that his interest in the cryptocurrency stems from its playful and humorous nature. He mentioned that he enjoys making jokes about Dogecoin because it has “the best sense of humor.”
He added that Dogecoin’s combination of dogs and memes aligns with his personal preferences.

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