XRP Investor Profit Surges Over 99%; Salvador's Bitcoin Ban Alleged Deception; Hyperliquid's Technical Glitch Raises Trust Issues; US-Korea Trade Deal Announced; SEC Delays Ethereum ETF Staking Decision

I believe that over 99% of XRP holders are currently in profit, with XRP reaching 99.6% of its total supply in profit, outpacing Bitcoin and signaling peak investor returns. This indicates a strong bullish sentiment around XRP and reflects its dominant position in the crypto market regarding investor gains.

Regarding El Salvador, it appears they may have fabricated their Bitcoin purchases to deceive the IMF. The country reportedly stopped buying Bitcoin secretly after signing a $1.4 billion credit agreement with the IMF in February 2025. This suggests potential manipulation or strategic deception by the Salvadoran government in its crypto policies.

The recent technical issues on Hyperliquid, where the exchange experienced a 37-minute halt on July 29 without prior notice, caused the HYPE token to fall 5% within 24 hours. This raises concerns about the platform's transparency and reliability as a trading venue, which could hinder user confidence in the token and the exchange.

In broader economic news, President Trump announced a new trade agreement between the US and South Korea, involving significant investments and tariff adjustments. Such developments could impact market dynamics, especially between key technological and manufacturing sectors, influencing crypto and traditional markets alike.

Finally, the SEC has deferred its decision on including staking in Invesco’s Galaxy Ethereum ETF, citing the need for further review. This delay underscores regulatory cautiousness toward crypto-based financial products and the ongoing uncertainty surrounding the regulation of Ethereum staking and DeFi elements.