![[LIVE] Crypto This Week: Trump Controversy, ETF Turmoil, Solana Setting Records, And Powell’s Boost](https://i0.wp.com/99bitcoins.com/wp-content/uploads/2025/04/Screenshot-2025-04-09-at-7.24.08 PM.jpg?w=770&resize=770,470&ssl=1 "[LIVE] Crypto This Week: Trump Controversy, ETF Turmoil, Solana Setting Records, And Powell’s Boost")
[LIVE] Crypto This Week: Trump Controversy, ETF Turmoil, Solana Setting Records, And Powell’s Boost
This week, the crypto asset trading market saw a variety of fluctuations. 
Bitcoin ▲2.82%, Ethereum ▲11.55%, and BNB ▲5.13% reached ledger highs, with Ethereum ETF inflows hitting their peak.
BTC rose to $124,000 early this week but quickly fell after the unexpected PPI data release, dropping to $115,000 by midweek as it tested the price floor level at $110,000.
Ethereum also fell to $4,000 at the week’s start, just before achieving its peak of $4,890 over the weekend.
The total crypto market capitalization stayed around $4 trillion, with XRP ▲8.49% dipping below $3 on Wednesday. Meanwhile, LINK ▲5.35% surged by 25% due to the ICE collaboration, approaching the $26 mark and outperforming the general market. Additionally, Solana reached a high of $201, achieving an impressive 107,540 TPS database.
DISCOVER: Top Solana Meme Coins to Buy in 2025
This Week Has Been a Wild Ride in Crypto
Crypto market sentiment was stable prior to Fed Chair Powell’s Jackson Hole address yesterday. However, following the address, significant trading market movements occurred. JPMorgan predicted four rate decreases for 2025 commencing in September, contributing to a surge in “Crypto” Google searches to a record high.
The Fed reduced its regulatory oversight of banking services involving cryptocurrencies, while Japan sanctioned stablecoins. In light of this, Eric Trump arranged to visit Tokyo for the ‘Metaplanet’ initiative to promote crypto.
Eric Trump is heading to Tokyo.
On Sept 1, he’ll join Metaplanet’s shareholder meeting.
A firm with $2.1B in Bitcoin on its balance sheet.
His advisory role signifies ONE thing:
Institutional Bitcoin interest is growing globally. pic.twitter.com/qWxqQ9ZvjR
— Sam Morris (@ItsSamArthur) August 22, 2025
Claims arose regarding the Trump family’s digital currency venture, which accumulated $320 million but subsequently plummeted 88%, leading to allegations of fraudulent activity.
A significant highlight was the announcement from the Dutch company Amdax, revealing their establishment of a BTC treasury fund targeting 1% of the total BTC supply. Other institutions, such as Metaplanet, reportedly held 18,888 Bitcoin, while Biotech shifted to an ETH treasury branded as ETHZilla.
Meanwhile, notable announcement emerged from the US Drug Enforcement Agency, as reported by Forbes. The DEA was said to have laundered $19 million from cartels using crypto asset.
Updates regarding Terra also surfaced as Do Kwon admitted guilt. The founder of Terra Labs is now facing 12 years in prison along with a forfeiture of $19 million.
In a parallel incident reminiscent of celebrity crypto failures, Kanye West’s meme token surged to a $3 billion trading market cap before encountering a mid-week crash.
DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025
This Week in Figures
Initially, spot Ethereum ETFs attracted $729 million in inflows, surpassing BTC ETFs that brought in $548 million this week. Flows then reversed, resulting in $422 million outflows for ETH and $523 million for Bitcoin, with BlackRock’s assets reaching a peak of $104 billion.
Tokenized RWAs exceeded $1 billion, with AI agents becoming Ethereum’s leading users through NEAR and IQAI integrations.
ERC-8004 proposed a decentralized AI standard on ETH. ETH reached unprecedented transaction and address highs while maintaining low gas fees. 0G Labs facilitated large AI models to operate at high bandwidth.
Moreover, not only did the transaction count and addresses soar, but Ethereum also achieved its all-time high this week after an extended period of anticipation from Ethereum enthusiasts.
Story Platform raised $82 million but faced leadership changes as its founder stepped down. BtcTurk suffered a $23 million wrecked due to a exploit, while Justin Sun contested Bloomberg’s billionaire rankings.
Additionally, crypto may soon be included in 401(k) plans, representing a significant advancement.
Anthony Scaramucci anticipated a BTC price between $180,000 and $200,000 by the year’s end. Vanar CEO discussed the future of crypto in the NYPost, while Elon Musk abandoned his political party intentions.
MUSK MOVES: Billionaire Elon Musk is reportedly halting plans to launch a new political party while working to maintain close ties with Vice President JD Vance. pic.twitter.com/lhyphlKQau
— Fox Announcement (@FoxNews) August 20, 2025
What’s next for the world of crypto? Join 99bitcoins for weekend live coverage to stay updated on the latest crypto news.
DISCOVER: Top 20 Crypto to Buy in 2025
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Chainlink Could be The Most Undervalued Crypto asset
After a month of operating LINK ▲5.35% appears to be on track to reach its historical high of $52. Some experts believe Chainlink is undervalued, which might be correct given the thriving RWA sector.
Do you agree?
This Is The Most Undervalued Major Asset In Crypto! $LINK @chainlink pic.twitter.com/JCZ5zlZIWU
— Rypto (@Rypto__) August 23, 2025
PENGU Crypto Breaking ATH Soon?
Pudgy Penguins is transforming from an NFT collection into a cultural phenomenon, introducing PENGU crypto, which is poised to exceed its historical peak. The initiative involves adorable penguins alongside real-world merchandise, including toys available at Walmart.
This Solana memecoin benefits its holders via staking and various community advantages. Following its launch, it exceeded 800,000 holders, largely due to its generous airdrop campaign. Currently trading around $0.035, PENGU may soon soar past its previous ledger.
Will PENGU smash its all-time high next week after surpassing Pokémon?
Read the complete story here.
DISCOVER: Top Solana Meme Coins to Buy in 2025
The post [LIVE] Crypto This Week: Trump Scandal, ETF Chaos, Solana Breaking Records, And Powell’s Bull run appeared first on 99Bitcoins.
