⚠️ BREAKING: FOMC Statement Summary – June Update 🚨
1️⃣ Interest rate remains at 4.50%, but cuts are expected in 2025. 2️⃣ Benchmark rate projected to drop to 3.9% by year-end. 3️⃣ Concerns over high unemployment and inflation were omitted, signaling reduced outlook uncertainty. 4️⃣ Growth forecast was downgraded, while inflation projection was revised upward.
📌 Key Takeaway: The Fed’s updated dot plot points toward rate cuts on the horizon. #FOMCMeeting #CryptoNews
It was officially launched on the Toronto Stock Exchange (TSX), marking a historic moment for both Ripple and the overall crypto ecosystem. This launch represents an important step toward the integration of digital assets into traditional financial markets, providing institutional and retail investors with a new, regulated, and direct way to access XRP, the native token of the XRP Ledger (XRPL).
This ETF, developed by Purpose Investments, allows direct exposure to XRP's performance without the need to manage private keys or interact with crypto exchanges. It thus becomes the third XRP-listed fund in the world, following the Hashdex ETF in Brazil and the 21Shares ETF in Switzerland.
Amid a $343M crypto market sell-off, Tron (TRX) stands out with a 973% surge in transaction volume, driven by significant investor activity. Blockchain data shows large TRX transfers exceeding $100,000 soared nearly tenfold, reaching $598.96 million in the last 24 hours.
While most cryptocurrencies faced declines due to profit-taking and macroeconomic uncertainty, TRX remained relatively stable, rising 1.97% to $0.2775. Notably, the Tron network continues to serve as a major hub for large-scale USDT transactions.
⚠️ BREAKING: Food company DDC plans to raise $528 million to buy Bitcoin
A publicly traded food brand listed on the New York Stock Exchange (NYSE), has announced plans to raise $528 million through a share issuance. The primary goal of this capital raise is to acquire Bitcoin as part of the company’s evolving treasury strategy.
⚠️ BREAKING: Blockchain Group to Raise €7.2M to Expand Bitcoin Holdings
European Bitcoin treasury company has announced plans to raise €7.2 million (approximately $8.3 million) through a share issuance, aiming to significantly expand its Bitcoin reserves. This move further positions the company among the growing number of institutional players betting on BTC as a strategic treasury asset.
⚠️ BREAKING: Alchemy Pay Integrates RLUSD, Ripple’s New Stablecoin
🔹 What does this mean? This partnership is designed to streamline fiat on-ramps and off-ramps, allowing users to buy and sell crypto more efficiently, quickly, and securely.
🔹 RLUSD is a stablecoin backed 1:1 by U.S. dollars, built for seamless use within the Ripple ecosystem and Web3 applications.
🔹 Alchemy Pay, known for bridging traditional finance with blockchain technology, plans to leverage RLUSD as a key asset for global crypto payments and on-ramp solutions.
🌐 Impact on the Crypto Ecosystem:
✅ Improved global access to digital assets through more efficient fiat channels.
🔗 Bridging traditional finance with Web3, making crypto more accessible to mainstream users.
🚀 Strengthening Ripple’s position as a major player in the stablecoin and payments sector.
🔹 This purchase follows earlier activity: BlackRock previously invested $239 million in BTC.
🔹 Through its ETF, iShares Bitcoin Trust (IBIT), BlackRock continues to accumulate large amounts of BTC, positioning itself among the top institutional holders in the market.
Institutional Purchase: Fidelity has acquired 786.47 Bitcoin, approximately $83 million, following a favorable U.S. Court of Appeals decision on May 6 that allowed the firm to resume BTC purchases.
⚠️ BREAKING: British company 🇬🇧 The Smarter Web Company has raised £29.3 millones in a new funding round, primarily intended to strengthen its Bitcoin treasury strategy.
This move reflects a bold commitment to cryptocurrencies, consolidating its position in the digital and financial ecosystem.
Investment and Strategy: • The company, specializing in web design and digital services, has decided to diversify its corporate reserves by incorporating Bitcoin as part of its long-term financial strategy. • The £29.3 million raised in this funding round will be used to acquire and hold Bitcoin, following the trend of companies such as MicroStrategy and Tesla, which have adopted BTC as a store of value.
⚠️ BREAKING: DOGE surpasses $1 Billion in daily volume
Dogecoin (DOGE) has reached a trading volume of over $1 billion in 24 hours, with a 46% increase in activity. The market is once again showing signs of memecoin momentum.
🔹 Trading Volume: DOGE recorded around $1.08 billion daily, surpassing the previous day's $950 million. 🔹 Current Price: DOGE is trading near $0.18 USD, up slightly by 1.6% over 24 hours. 🔹 This increase follows a correction from $0.206 to $0.17, suggesting some buyers are returning.
Education firm Genius Group Limited, focused on Bitcoin and blockchain learning, has just boosted its BTC reserves to 100 BTC, marking a 52% increase in its holdings.
This strategic move comes after a favorable ruling by the US Court of Appeals on May 6, 2025, which cleared the way for the company to resume its Bitcoin purchases.
📚 From education to accumulation — Genius Group is doubling down on its belief in Bitcoin’s long-term value.
Purpose Investments has received the final prospectus receipt for its Purpose XRP ETF, marking a major milestone in institutional crypto adoption in Canada. The fund is expected to begin trading on the Toronto Stock Exchange (TSX) on June 18, under the ticker XRPP.
This ETF will offer direct exposure to XRP, the native token of the XRP Ledger (XRPL), and becomes the third spot XRP ETF globally, following previous launches by Hashdex in Brazil and 21Shares in Switzerland.
🔹 Available in multiple currencies: • CAD hedged (XRPP) • CAD unhedged (XRPP.B) • USD (XRPP.U)
It will also be eligible for registered investment accounts such as TFSAs and RRSPs.
Meanwhile, in the United States, seven asset managers are still awaiting the SEC's decision on their XRP ETF filings. According to CoinGape, the probability of approval has reached 87%, fueling optimism ahead of the October 17 deadline for a final ruling.
📈 Following the ETF approval in Canada, XRP surged over 7% in the past 24 hours, currently trading around $2.32, according to CoinMarketCap data.
This development further strengthens XRP’s position as an institutional-grade digital asset, while highlighting Canada's leadership in regulated crypto investment products.
The blockchain platform Tron, founded by controversial crypto entrepreneur Justin Sun, is preparing to go public in the United States through a reverse merger with SRM Entertainment, a Nasdaq-listed company.
📰 Key Highlights:
• The deal, reported by the Financial Times, is said to be worth up to $210 million and comes just four months after the U.S. SEC paused its fraud investigation into Sun and three of his companies, including Tron.
• The SEC probe involved allegations of unregistered securities sales and market manipulation.
• The reverse merger is being facilitated by Dominari Securities, a New York-based investment bank with ties to Donald Trump Jr. and Eric Trump.
🏛️ Tron Inc. and Political Ties:
• The new company will be named Tron Inc., and sources suggest Eric Trump is expected to take a leadership role.
• Tron Inc. will adopt a strategy similar to Michael Saylor’s Strategy (formerly MicroStrategy) by holding large reserves of TRX tokens as part of its treasury.
• This marks one of the most politically connected crypto listings to date, aligning with former President Trump’s increasingly pro-crypto stance since the start of his second term in the White House.
⚖️ The move underscores a broader regulatory shift in Washington, where Trump has openly supported a more crypto-friendly environment for digital assets.
Vietnam's National Assembly approved the Law on the Digital Technology Industry, placing digital assets under formal regulatory oversight. The legislation will come into effect on January 1, 2026.
📌 The law officially recognizes crypto assets, marking a significant step toward digital innovation across the country.
🔍 Key Points: 🔹 Digital assets are classified into two types:
🔹 Virtual assets
🔹 Crypto assets 🔹 Both rely on encryption or digital technology for validation and transfer but exclude securities, fiat digital currencies, and other financial instruments.
🔹 The Vietnamese government will define:
🔹 Commercial conditions
🔹 Asset classifications
🔹 Supervisory mechanisms
🔹 The law mandates cybersecurity and anti-money laundering (AML) measures aligned with international standards, a move likely aimed at addressing concerns from the Financial Action Task Force (FATF).
📉 Vietnam has been on the FATF grey list since 2023, and this legislation could help improve its standing by enhancing regulatory transparency in the digital asset space. #VietnamCryptoPolicy $BTC
In an open discussion on platform X, Ripple CTO David Schwartz proposed two key improvements to the XRP Ledger’s (XRPL) transaction fee system, aiming to enhance fairness and efficiency. The debate was sparked by growing comparisons between XRPL and Ethereum’s gas model, especially regarding excessive fee payments.
🔹 Schwartz emphasized his support for a flat fee structure while still prioritizing transactions based on users' maximum willing fee. 🔹 He noted: “Everyone is overpaying. That’s not ideal.”
🛠️ Schwartz’s Two Main Proposals: Dynamic Post-Consensus Fee Calculation:
The system would calculate the minimum fee needed after transaction consensus.
Excess payments would be refunded, encouraging honest bidding and aligning incentives more fairly.
Median Fee Reimbursement System:
Refund users the difference between the median accepted fee and what they paid.
Easier to implement, but still may lead to overpayment if users bid their max upfront.
Both proposals focus on improving user experience while preserving XRPL’s high performance standards.
🔄 XRPL vs Ethereum Fee Models 📌 Schwartz’s ideas emerged during a broader community debate comparing EVM’s gas refund mechanism with Hooks’ worst-case fee model used in XRPL.
EVM (Ethereum): Users get refunded for unused gas.
XRPL Hooks: Charge based on the worst-case scenario — no refunds.
🪙 Currently, XRPL charges a fixed base fee of 0.00001 XRP (10 drops), burned regardless of actual need. This reduces token supply but leads to unavoidable overpayment.
XRPL validator VET suggested a more efficient refund system, which Schwartz then developed into his two proposals.
🚀 Looking Ahead These discussions arrive ahead of XRPL’s expected v2.5.0 upgrade in June. Recent innovations, such as Batch (XLS-56) and the launch of XRPTurbo (the first AI-powered launchpad on XRPL), reflect growing momentum and user-focused development on the network.
After months of leading memecoin trading activity, Solana is now seeing a slowdown. According to on-chain data, BNB Chain has surpassed Solana to become the blockchain with the highest memecoin DEX trading volume.
🔹 BNB Chain now holds 45% of the total memecoin DEX volume — more than double that of Solana and Ethereum. 🔹 Back in April, BNB Chain only contributed 25% of the total volume, highlighting a sharp increase by July. 🔹 Meanwhile, Solana's share dropped to 25%, down from 40% in April, marking a 15% decline following a strong 12-month dominance in the sector.
🚀 The surge in BNB Chain activity is largely attributed to Binance’s Alpha Program, which boosts visibility and liquidity for memecoins. While it incubates high-potential projects, not all succeed — Bondex (BDXN), for example, crashed after being listed due to heavy profit-taking.
📈 Ethereum maintains a steady 20% share, while Base holds 5%. Arbitrum, Avalanche, Unichain, and Celo together account for the remaining 5%, as memecoin ecosystems grow increasingly competitive.
🔥 Despite the shift, Solana memecoins still generate buzz:
The TRUMP memecoin surged 3,000% in under 24 hours.
The memecoin launchpad Pump.fun is aiming to raise $1 billion.
🐍 On the Cardano side, ecosystem activity is ramping up. Last week, Input Output partnered with SNEK, Cardano’s largest memecoin, in a strategic collaboration to boost engagement.
📅 Looking ahead, Bloomberg analyst Eric Balchunas predicts a memecoin-based ETF could emerge by 2026, signaling growing institutional interest in the space.
CoinShares has officially submitted a registration statement to the U.S. Securities and Exchange Commission (SEC) to launch a Solana (SOL) exchange-traded fund (ETF). This move comes just days after other asset managers like Bitwise, Canary Capital, Grayscale, and Franklin Templeton amended their S-1 filings to reflect their interest in Solana-based ETFs.
🔹 The filing shows CoinShares’ intent to provide institutional investors exposure to SOL through a publicly traded fund. 🔹 A 19b-4 form is expected to follow soon, initiating the formal SEC approval process for listing the ETF on a U.S. exchange.
CoinShares is now the eighth firm to file for a Solana ETF. Invesco could become the ninth, having recently registered the “Invesco Galaxy Solana ETF” in the state of Delaware.
🔍 Bloomberg analyst James Seyffart noted on X that the SEC has asked issuers to update their S-1 forms, a sign that the approval of Solana ETFs could be on the horizon, potentially as early as next month. Seyffart and colleague Eric Balchunas believe the SEC may also act soon in response to regulatory pressure from Rex-Osprey, which is exploring legal avenues to launch Solana ETF products ahead of competitors.
🤔 In a separate comment, Balchunas speculated whether BlackRock, led by Larry Fink, might enter the race for a Solana ETF. While there's no confirmation, he noted that things could change quickly, depending on the firm's strategic direction.