This week’s CryptoTimes Weekly Wrap explores the top stories from the crypto industry. Bitcoin surged to a new record high of over $11,970, fueled by institutional demand and positive regulatory signals. However, the rally was quickly dampened as tariffs imposed by President Trump on EU goods triggered a steep 2.5% drop. Other cryptocurrencies like Ether and Solana also experienced declines as market jitters emerged. Meanwhile, the U.S. Senate advanced the GENIUS Act, aiming to regulate stablecoins with bipartisan support. But Democrats are pushing for amendments to prevent potential conflicts of interest involving President Trump’s family ties to cryptocurrency ventures. On a less positive note, the Sui blockchain saw a major security breach worth nearly $260 million. The Cetus Protocol, a popular decentralized exchange on the Sui network, was exploited due to manipulation in liquidity pools. This event raised concerns about the network’s decentralization and its vulnerability to hacks. Additionally, James Wynn’s audacious $1.1 billion Bitcoin bet, using 40x leverage on Hyperliquid, has sparked debate about the risks associated with large-scale leveraged trading in the crypto market. Finally, President Trump’s involvement in the cryptocurrency sector is drawing scrutiny. Democrats are pushing for amendments to the GENIUS Act to prevent public officials from profiting from their positions. The crypto market looks poised for continued volatility next week as Bitcoin is expected to continue rising, possibly surpassing $111,000 with substantial ETF inflows and growing institutional interest. Upcoming token unlocks, particularly those related to Sui, could introduce new volatility. Global geopolitical events and potential regulatory shifts also may impact the overall sentiment in the crypto market.