Wow! This week was crazy in the world of cryptocurrency (secret digital money)! A trader lost a HUGE amount of money, the big Ripple vs. SEC court case is almost over, and some exciting news about Bitcoin happened in the US government!
- One trader lost $5 million on silly internet coins called "meme coins." They went down a lot!
- The Ripple case, about a type of crypto called XRP, might end soon. It's about if it's more like a regular item or a special investment.
- The US government is thinking about buying a LOT of Bitcoin (1 million!) over the next five years.
- A big crypto company's boss thinks the US government might become more friendly towards cryptocurrency.
- Another company wants to spend $21 billion buying Bitcoin!
| Fact | Number |
|---|---|
| Trader's loss | $5 million |
| Possible Ripple XRP sale | $1.3 Billion |
| US Government Bitcoin purchase | 1 million BTC |
| Company Bitcoin purchase | $21 Billion |
