This week has had its share of ups and downs, with serious fluctuations in the crypto market. Beginning with a relatively bearish tone, recovery to again dump and pump, investors have been on a rollercoaster ride this week, especially as Fed-related events triggered the volatility. However, much more happened, so let’s discuss the top crypto headlines to sum up the last 7 days.
Crypto Week Ends: Turbulence Remains the Same
Crypto turbulence remained majorly present this week, where the market cap fluctuated between $3.79 trillion and $4.05 trillion, per CoinMarketCap data. This happened as Bitcoin, Ethereum, and the rest of the altcoins reacted to significant crypto news. For example, the FOMC Minutes crashed the market, whereas the Powell Jackson Hole speech pumped it.
Various crypto news headlines left a lasting impact on digital assets, resulting in turbulence in their price performances.
Ripple vs SEC Lawsuit Officially Ends
Although the lawsuit had come close to its end already, the official closure happened on August 22. Now the court has officially approved both parties’ joint dismissal, ending the Ripple vs SEC lawsuit. More importantly, XRP has now officially been declared ‘non-security,’ bringing optimism among investors.
#XRPCommunity #SECGov v. #Ripple #XRP The Second Circuit has approved the Joint Stipulation of Dismissal. pic.twitter.com/v796dAtfiZ
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) August 22, 2025
Now, Ripple will pay $125 million in penalties for securities violations. While this closes, the eyes are now on the XRP’s ETF application and potential approval since the new deadline is October 18.
Jerome Powell Hints At Interest Rate Cuts
After keeping the interest rate unchanged in the last FOMC Meeting, the Fed Chair Jerome Powell has finally hinted at a possible rate cut in September. In his Jackson Hole speech, he notes that the labor market is weakening more than anticipated, so they cannot continue to ignore the risk to unemployment.
With this remark, the crypto market turned bullish, adding 4% to its market cap in just hours.
“Most Tokens are Not Securities” – Paul Atkins
In the most bullish crypto news of the week, Paul Atkins’ remark that “most tokens are not securities” stands out as the top highlight. Atkins suggested a major policy shift, including the consideration of very few tokens as securities. Notably, this news came just days before the court’s approval of Ripple and the SEC’s joint dismissal.
He also unveiled the Project Crypto and emphasized balancing investor protection and innovation simultaneously.
Philippines to Establish National Bitcoin Reserve
As the fever of Bitcoin Reserve is spreading from the U.S. to other nations, the Philippine legislature has also introduced a bill to create one. The House ICT Committee chair, Migz Villafuerte, led the discussion and suggested that the central bank should buy 2,000 BTC for the next five years and hold them for the next two decades.
BitMEX Co-Founder Arthur Hayes Predicts ETH to Hit $20,000
Despite the ups and downs, Ethereum has shown remarkable progress, setting a multi-year high on August 23. Notably, just days before that, BitMEX co-founder Arthur Hayes noted that the chart is going up and ETH could potentially hit $20k.
— Bitmine BMNR (@BitMNR) August 21, 2025
On multiple occasions, ETH has shown remarkable gains, even outpacing Bitcoin on some days. As a result, it is highly in demand, with institutional buys, whale holding, and more.
Kanye West Launched YZY Meme Coin In the Crypto Market
The Popular rapper and singer Kanye West (Ye) has officially entered the crypto market with the YZY meme coin launch. The token quickly gained traction in the market, even hitting a $3 million market cap, but quickly crashed.
Allegation of pump-and-dump began as reports revealed the insiders (6 wallets) alone handling 90% of the YZY supply.
Tether Appoints Ex-White House Crypto Advisor Bo Hines
Among the top highlights of the week is the appointment of Bo Hines at Tether. The former Executive Director of the White House Crypto Council has been appointed as the Strategic Advisor for Digital Assets and U.S. Strategy, guiding the firm through compliance, regulation, and institutional partnerships.
What to Expect from the Crypto Market Next Week?
On Saturday, a bullish momentum formed in the crypto market, where many tokens even witnessed double-digit gains. As the major hurdles (FOMC Minutes and Powell speech) were over, experts anticipate a short-term recovery in the market.
Moreover, no major crypto event has yet been scheduled for the next week, so experts anticipate the continuity of the momentum. Some even suggest that the Bitcoin price could rise to the current ATHs. However, uncertainty still persists, as Initial Jobless Claims and GDP data for Q2 will be announced.
Frequently Asked Questions (FAQs)
The crypto market faced turbulence due to Fed-related events like FOMC Minutes, Powell’s Jackson Hole speech, and more.
The Ripple vs SEC lawsuit is officially over as the Second Circuit approved their ‘joint dismissal.’
The CME FedWatch Tool, Polymarket, and other platforms show high odds of interest rate cuts. Even Powell hinted at the possibility in his speech at Jackson Hole.
Pooja Khardia
Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section.
Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights.
Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry.
When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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