[Bitpush Daily News Highlights] Trump: Crypto Assets are a very interesting thing, we have built a very strong industry; Ripple CEO: Will withdraw the cross-appeal against the SEC; Data: Stablecoin startups VC financing exceeds the peak in 2021.

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[Trump: Cryptocurrency is a very interesting thing, and we have built a very strong industry]

According to reports, U.S. President Trump stated in a speech today that cryptocurrency is a very interesting thing, and we have built a very powerful industry. Cryptocurrency has created job opportunities, and Bitcoin has alleviated pressure on the dollar. During the previous stock market decline, the value of cryptocurrencies decreased less than other assets, highlighting the resilience of the crypto space.

[Ripple CEO: Will withdraw the cross-appeal against the U.S. SEC, lawsuit case expected to conclude]

According to Bitpush news, Ripple CEO Brad Garlinghouse announced today on the X platform (formerly Twitter) that the company will withdraw its cross-appeal against the U.S. Securities and Exchange Commission (SEC) and expects the SEC to also withdraw its appeal as previously stated. Garlinghouse stated that this move marks a hopeful end to the years-long legal dispute between the two parties, and the company will focus on "building the value internet."

Previously, Ripple's Chief Legal Officer Stuart Alderoty stated in a post on June 26 that the court had given Ripple two options: either to dismiss their appeal against the historic ruling on institutional sales or to continue pursuing the appeal. He emphasized at the time that regardless of which path is chosen, XRP's legal status as a non-security remains unchanged. Ripple's withdrawal of the cross-appeal, combined with the SEC's previous statements, suggests that the highly anticipated lawsuit between Ripple and the SEC may come to an end.

[Data: Stablecoin Startups VC Financing Surpasses 2021 Peak]

According to news from Bitpush and the latest data from The Block, venture capital activity in the stablecoin and payments category has shown a significant rebound. VC financing for stablecoin startups has exceeded the peak level of 2021, with 43 and 42 transactions recorded in the third and fourth quarters of 2024 respectively, setting a historical high for quarterly transaction volume in this field. This growth is particularly noteworthy as the total transaction volume for this category in 2021 was 87. In the first quarter of 2025, 7.5% of all venture capital transactions were directed towards payment providers or stablecoin issuers. Currently, the stablecoin and payments category has become one of the few areas in the crypto space that has surpassed the performance metrics of 2021.

The report indicates that the rapid rise of stablecoin-enabled companies has attracted widespread mainstream attention and institutional interest beyond traditional crypto investors. Circle's highly successful initial public offering (IPO) served as a key catalyst, demonstrating to traditional investors that stablecoin infrastructure can generate substantial returns and sustainable business models. This institutional recognition has led to a significant influx of venture capital into the broader stablecoin ecosystem in recent months.

[Robinhood Launches XRP and Solana 'Micro' Futures Contracts]

According to Bitpush news, brokerage firm Robinhood Markets (stock code: HOOD) has announced the launch of micro XRP and Solana futures, marking the latest expansion of its cryptocurrency product lineup. The company also introduced a micro version of its existing Bitcoin futures product for Fridays.

Mini futures are smaller-sized futures contracts that allow traders to speculate or hedge against price fluctuations of assets such as stock indices, commodities, or currencies. Compared to standard futures, they have lower capital requirements and lower risk.

Robinhood started launching futures products for foreign exchange, indices, commodities, and cryptocurrencies earlier this year. Its first batch of cryptocurrency futures were all cash-settled, including Bitcoin futures, micro Bitcoin futures, Bitcoin Friday futures, and ETH futures. Later, Robinhood expanded to XRP and Solana futures.

The Trump Family Crypto Project WLFI Partners with Re7 Labs to Launch USD1 Treasury

According to Bitu news, the Trump family's crypto project WLFI has partnered with Re7 Labs to launch the USD1 treasury. Re7 Labs recently secured up to $10 million in funding from Hong Kong's family office VMS Group, which manages approximately $4 billion in assets, marking its first entry into the cryptocurrency space. The relevant treasury is reportedly part of a broader plan by World Liberty aimed at expanding the USD1 stablecoin to Binance's BNB chain.

【Arkham: BlackRock has purchased $1.15 billion worth of Bitcoin so far this week】

According to Bi推 news, Arkham disclosed data on platform X stating that BlackRock has purchased Bitcoin worth $1.15 billion this week so far, and the value of the Bitcoin held by BlackRock has also reached a historical high of $77.7 billion.