This Week in Crypto: Key Developments and Surprising Moves

Brian Armstrong Claps Back At Jamie Dimon

Armstrong responded to Dimon’s criticism of stablecoins by posting a custom “Heated Rivalry” poster on social media. Following Dimon’s remarks, Mike Novogratz, a well-known figure in the crypto industry, also weighed in on the debate. He questioned the role of banks in deciding crypto legislation, arguing that lawmakers, not financial institutions, should determine the future framework for digital assets.

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Mark Cuban’s Bitcoin Strategy Shift

Billionaire investor Mark Cuban, once a vocal supporter of Bitcoin as a hedge against inflation, has reportedly sold most of his Bitcoin holdings. This move has surprised many in the cryptocurrency community. According to Strategy CEO Le, skeptical traders like Cuban buy Bitcoin, make money, and then move on to the next best thing.

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Anthony Pompliano’s Bitcoin Prediction

Anthony Pompliano, a well-known Bitcoin advocate, believes that Bitcoin could hit $1 million if the US government continues to print money. He attributes Bitcoin’s recent underperformance to investors being drawn to the “sexy” AI trade.

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Crypto Card Payment Volumes Double

The Kobeissi Letter highlighted a significant increase in cryptocurrency card payments, attributing it to the growing adoption of stablecoins. Cumulative payment volumes have more than doubled from $271 million in May 2025 to $656 million in May 2026.

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Trump Claims He ‘Saved’ Crypto

Former President Trump recently claimed that he saved the American crypto industry from Gary Gensler’s “Anti-Crypto Army,” and declared America as the “Crypto Capital of the World.” His policy record, including the signing of the GENIUS Act in July 2025, seems to support his claim.

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Crypto Clash: Armstrong vs. Dimon and Cuban’s Surprising Exit from Bitcoin

This week in the world of cryptocurrency was nothing short of a rollercoaster, featuring high-profile clashes and unexpected moves that have left the industry buzzing. From Coinbase CEO Brian Armstrong’s fiery response to JPMorgan’s Jamie Dimon, to billionaire Mark Cuban’s surprising shift away from Bitcoin, the crypto landscape is evolving rapidly.

Brian Armstrong Claps Back At Jamie Dimon

Tensions flared as Brian Armstrong took to social media to respond to Jamie Dimon’s recent criticisms of stablecoins. In a bold move, Armstrong shared a custom “Heated Rivalry” poster, signaling that the battle lines have been drawn. Dimon, known for his skepticism towards cryptocurrencies, has raised concerns about the implications of stablecoins on the financial system.

Adding fuel to the fire, crypto advocate Mike Novogratz chimed in, questioning why banks should have a say in crypto legislation. “Lawmakers, not financial institutions, should shape the future of digital assets,” he asserted, echoing a sentiment that resonates with many in the crypto community.

Mark Cuban’s Bitcoin Strategy Shift

In a surprising turn of events, Mark Cuban, once a staunch supporter of Bitcoin as a hedge against inflation, has reportedly sold off most of his Bitcoin holdings. This unexpected move has left many in the cryptocurrency community scratching their heads. According to Strategy CEO Le, Cuban’s actions reflect a broader trend among skeptical traders who capitalize on Bitcoin’s volatility before moving on to the next investment opportunity.

Anthony Pompliano’s Bitcoin Prediction

Meanwhile, Bitcoin advocate Anthony Pompliano is making waves with his bold prediction that Bitcoin could soar to $1 million if the U.S. government continues its current monetary policies. He attributes Bitcoin’s recent underperformance to investors being lured away by the allure of artificial intelligence investments, suggesting that the crypto market may be in for a significant shift.

Crypto Card Payment Volumes Double

In more positive news, the Kobeissi Letter reported a remarkable increase in cryptocurrency card payments, which have more than doubled from $271 million in May 2025 to $656 million in May 2026. This surge is largely attributed to the growing adoption of stablecoins, indicating a shift in consumer behavior towards digital currencies.

Trump Claims He ‘Saved’ Crypto

Adding to the week’s drama, former President Donald Trump recently claimed that he “saved” the American crypto industry from what he termed Gary Gensler’s “Anti-Crypto Army.” Declaring America the “Crypto Capital of the World,” Trump pointed to his policy record, including the signing of the GENIUS Act in July 2025, as evidence of his commitment to the industry.

As the crypto world continues to evolve, these stories highlight the dynamic and often contentious nature of the digital asset landscape. With influential figures like Armstrong, Dimon, and Cuban making headlines, the future of cryptocurrency remains as unpredictable as ever. Stay tuned for more updates as this story unfolds.