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USDC’s native launch on the XRP Ledger ignites a powerful new phase in cross-chain finance, unlocking real-time payments, seamless liquidity, and zero-bridge stablecoin integration.

USDC Goes Native on XRP Ledger, Supercharging Its Blockchain Interoperability
Financial technology company Circle Internet Group (NYSE: CRCL) announced on June 11 that its regulated stablecoin USDC is now available natively on the XRP Ledger (XRPL), significantly broadening the coin’s reach across blockchain ecosystems. The launch, supported by Circle Mint and Circle APIs, removes the need for bridging and provides direct access to USDC for developers, institutions, and individual users. Businesses can convert fiat into USDC through Circle Mint, while retail users can obtain it from providers participating in the XRPL ecosystem. The firm stated on social media platform X:
USDC is now live on the XRP Ledger.
The XRP Ledger, operational since 2012, is a decentralized Layer-1 blockchain optimized for tokenizing and exchanging both crypto-native and real-world assets. It has processed more than 3.3 billion transactions and is supported by a global network of contributors, including Ripple, XRPL Labs, the XRPL Foundation, and XRPL Commons.
The integration opens use cases in areas such as global remittances, real-time payments, DeFi services, and low-fee fiat onramps. Circle’s APIs facilitate easy developer access to stablecoin liquidity on XRPL, while testnet tokens are available for experimentation through Circle’s faucet.
Circle has published public addresses for both the XRPL mainnet and testnet USDC, enabling exchanges, wallets, and applications to support the token immediately. Although stablecoins continue to face scrutiny over centralization and regulatory exposure, proponents argue they serve as essential infrastructure in the broader financial system.
With the XRPL now part of Circle’s network, the company reaffirmed its expansion strategy, stating on X:
With the addition of the XRPL, USDC is now supported natively on 22 blockchains.

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A staggering $25 million in penalties and restitution has been levied in a landmark federal court ruling, exposing a sham crypto project that duped investors with bogus claims of gold backing and market viability.

CFTC Secures Judgment Against My Big Coin for Crypto Fraud Scheme
The Commodity Futures Trading Commission (CFTC) announced on June 11 that a Massachusetts federal court issued a final default judgment against two individuals and two companies for orchestrating a deceptive digital asset scheme. Mark Gillespie of Michigan, John Roche of California, and Nevada-based My Big Coin Pay Inc. and My Big Coin Inc. were found liable for defrauding customers through misleading claims about a virtual currency called My Big Coin (MBC). The CFTC outlined:
The order requires Gillespie, My Big Coin Pay Inc., My Big Coin Inc., and Roche to pay jointly and severally a $19,326,324 civil monetary penalty and $6,442,108 in restitution to defrauded victims in connection with their role in a digital asset fraud scheme.
The judgment stems from fraudulent conduct that took place between 2014 and 2017. During that time, the defendants promoted MBC as a legitimate, gold-backed cryptocurrency that was in active circulation. The court found these claims to be entirely fabricated, resulting in more than $6 million collected from at least 28 individuals.
The money was largely misappropriated by co-conspirator Randall Crater, who has already been convicted and sentenced to 100 months in prison. Another named individual, Michael Kruger, was dismissed from the case following his death.
Although the court mandated restitution, the CFTC warned that asset recovery is uncertain, citing concerns that the defendants may lack sufficient resources to repay victims. Nonetheless, digital asset advocates maintain that targeted enforcement actions like this should be separated from the broader industry. They argue that regulatory clarity, not broad skepticism, is essential to the growth and legitimacy of blockchain-based finance.

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Bitgo has expanded XRP-related DeFi access by adding custody support for Flare and Songbird. The move enables institutions to securely store assets connected to the XRP ecosystem, with staking support planned.

Bitgo Lights up Flare Support— XRP Institutions Get DeFi Infrastructure
Digital asset infrastructure and custodian provider Bitgo announced on June 12 the addition of support for Flare (FLR) and Songbird (SGB), two Ethereum Virtual Machine (EVM)-compatible networks designed to enable decentralized finance (DeFi) use cases for assets like XRP. The announcement comes amid rising institutional interest in XRP-enabled infrastructure: Nasdaq-listed energy company Vivopower recently committed $100 million in XRP to Flare’s ecosystem using its non-custodial FAssets protocol. This strategic move allows DeFi participation for XRP while preserving its native security properties, signaling a shift in corporate treasury management through decentralized tools.
Bitgo now offers custody and self-custody solutions for both FLR and SGB, including hot and cold wallet options, with staking and delegation support planned for release later this year. The company stated:
With the addition of FLR, a top 100 asset by market capitalization, Bitgo reinforces its position as the leading custodian offering the broadest support for top-tier digital assets.
Flare’s architecture includes tools like the Flare Time Series Oracle and Data Connector, enabling secure access to price data and external information. Its FAssets system lets non-smart contract assets like XRP and bitcoin be utilized within DeFi without relinquishing custody.
Songbird functions as Flare’s canary network, providing a live testing ground for the same protocols. Hugo Philion, CEO of Flare, stated: “Partnering with a well-established, U.S.-based qualified custodian like Bitgo is a key milestone in Flare’s institutional journey.” The partnership between Bitgo and Flare, paired with Vivopower’s XRP deployment, reflects accelerating institutional demand for regulated, data-enabled blockchain infrastructure built around XRP and similar assets.

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Bitcoin exchange-traded funds (ETFs) marked a fourth straight day of inflows totaling $86 million, while ether ETFs pushed their historic inflow run to 19 consecutive days, pulling in another impressive $112 million.

Crypto ETF Momentum Builds With Bitcoin and Ether Funds Posting Strong Inflows
The inflow optimism continued to sweep the crypto ETF markets on Thursday, June 12, as both bitcoin and ether funds continued attracting capital, signaling resilient investor appetite despite mixed trading activity.
Bitcoin ETFs notched their 4th consecutive day of inflows, drawing in $86.31 million overall. But the day was anything but straightforward. Blackrock’s IBIT carried the day with a $288.33 million inflow, while Grayscale’s GBTC chipped in with a modest $5.89 million.

Bitcoin 4-day inflow numbers. Source: Sosovalue
These gains were heavily counterbalanced by a $197.19 million outflow from Fidelity’s FBTC and another $10.73 million exit from Ark 21Shares’ ARKB, making the day a tale of 2 halves. Total value traded for bitcoin ETFs hit $2.85 billion, with net assets closing at $130.26 billion.
Meanwhile, ether ETFs continue to defy gravity, extending their record-breaking inflow streak to a 19th straight day. The sector saw a robust $112.36 million inflow, led overwhelmingly by Blackrock’s ETHA, which absorbed $101.53 million.

Ether ETFs 19-Day Inflow Run. Source: Sosovalue
Fidelity’s FETH followed with a healthy $10.83 million addition. Trading volume remained elevated at $503.99 million, with total net assets climbing to $10.76 billion.
As crypto ETFs maintain their positive momentum into June, the market signals renewed institutional confidence in both bitcoin and ether products, setting the stage for a potentially strong summer ahead.

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The SEC is under fire from Better Markets for sidelining public rulemaking in crypto oversight, raising alarms over transparency failures and investor risks.

SEC Accused of Undermining Public Accountability With Informal Crypto Policies
Policy advocacy group Better Markets, a nonprofit organization focused on financial market reform and public interest protection, submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) on June 11, sharply criticizing the Crypto Task Force’s approach to policymaking. The group called on the agency to abandon its reliance on staff-issued guidance documents and return to the more rigorous framework of public rulemaking.
Contending that recent crypto-related guidance has lacked transparency, public input, and formal accountability, the letter states:
We urge the Crypto Task Force in the future to proceed through notice-and-comment rulemaking.
Better Markets pointed to remarks made by SEC Chair Paul S. Atkins on June 3, when he reaffirmed a commitment to public rulemaking, as evidence that the current approach diverges from even the agency’s own declared principles.
Benjamin L. Schiffrin, Director of Securities Policy at Better Markets, raised concerns that the SEC’s informal process precludes democratic participation and fosters unbalanced regulatory outcomes. “The Crypto Task Force does not appear to be open-minded. Instead, it seems only to want to get the SEC ‘out of the way of anything and everything in the crypto space.’ The use of guidance documents facilitates the Crypto Task Force’s ability to do this unfettered because it need not respond to any public feedback.” The group also warned that “guidance documents such as those issued by the Crypto Task Force avoid procedures intended to ‘facilitate public participation in the regulatory process.’” These criticisms were tied to broader concerns about investor protections and regulatory legitimacy.
Better Markets cited the SEC’s February staff statement on meme coins as a prime example of the dangers of this approach. The agency’s assertion that meme coins are not securities but instead “collectibles” received significant criticism. The group stressed:
The SEC’s guidance on meme coins is especially shocking because the staff admits that meme coins are speculative, experience significant market price volatility, and are often accompanied by statements regarding their risks. These characteristics do not make meme coins sound like ‘collectibles’ such as artwork, stamps, or baseball cards.
The organization concluded by underscoring the dangers of bypassing notice-and-comment: “The SEC must remember that the use of guidance documents undermines ‘the legitimacy of the rules produced by removing even the pretense of public access and participation.’” Better Markets pressed for formal rulemaking to restore public trust and ensure fair oversight in the crypto sector.

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Stablecoins are projected to drive a sharp increase in demand for U.S. Treasurys and strengthen the dollar’s global dominance, with their market expected to surpass $2 trillion by 2028, according to the U.S. Treasury Secretary.
US Treasury Sees Stablecoins as Strategic Dollar Expansion Tool Amid $2 Trillion Forecast
U.S. Treasury Secretary Scott Bessent testified before the Senate Appropriations Committee on June 11, where he addressed the expanding role of stablecoins in U.S. fiscal strategy. Responding to Senator Bill Hagerty (R-TN), who introduced the Genius Act—a bill requiring stablecoins to be backed by cash or short-term U.S. Treasuries—Bessent expressed strong support for the legislation.
Senator Hagerty pointed to a significant potential impact on U.S. debt markets if the Genius Act is enacted. “One investment bank estimates that the Genius Act would expand the stablecoin market from its current value of $240 billion to $2 trillion by the end of 2028, with most of the reserves likely to be held in U.S. treasuries,” the senator detailed, suggesting increased demand for Treasury securities.
Bessent framed the legislation as a key part of the Trump administration’s economic agenda. He emphasized:
I believe that stablecoin legislation backed by U.S. treasuries or T-bills will create a market that will expand U.S. dollar usage via these stablecoins all around the world and I think that $2 trillion is a very reasonable number, and I could see it greatly exceeding that.
He added that the administration’s focus on digital assets reflects its determination to maintain and strengthen U.S. financial leadership.
The Treasury Secretary also explained that throughout history, the dollar’s reserve status has repeatedly been challenged, only to be reaffirmed by new economic mechanisms—of which stablecoins could be the next. “Many people assume that the U.S. dollar would lose reserve currency status, and there’s always been a new mechanism that has cemented that,” he stated, emphasizing:
This administration is committed to keeping the reserve currency status.
Although critics of stablecoins point to risks involving oversight, market stability, and systemic exposure to crypto-related instruments, proponents argue they offer substantial benefits. Supporters claim that using stablecoins backed by U.S. sovereign debt could deepen the Treasury market, broaden global access to dollar liquidity, and reinforce the dollar’s influence in international finance, especially in regions with limited access to traditional banking systems.

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Bitcoin traded between $107,029 to $107,290 over the last hour on June 12, 2025, with a market capitalization of $2.13 trillion and a 24-hour trade volume reaching $34.26 billion. The intraday price range stretched from $107,029 to $110,269, signaling a volatile session marked by bearish undertones across short- and mid-term timeframes.

Bitcoin
The 1-hour chart shows a sustained intraday downtrend, with bitcoin declining sharply since June 11. Bearish momentum dominates, characterized by extended red candles and negligible relief rallies. Support sits precariously at $107,229, while resistance is evident at $108,000. Notably, the relative strength index (RSI) is neutral at 55, but price action suggests sell-side control, corroborated by volume spikes during declines. The momentum oscillator indicates selling pressure with a value of 1,392, while the moving average convergence divergence (MACD) level at 1,343 also signals a bearish continuance.

BTC/USD 1-hour chart via Bitstamp on June 12, 2025.
On the 4-hour chart, bitcoin recently topped at $110,587, forming a textbook blow-off top. Subsequent lower highs and lower lows define a correction phase, with failed rallies being met with immediate sell-offs. Resistance is firmly established between $108,000 and $109,000, making it a critical zone to watch for short-term traders. The Stochastic oscillator at 82 reflects an overbought condition, reinforcing a negative signal. A bearish bias remains until bitcoin convincingly reclaims $109,000 with rising volume.

BTC/USD 4-hour chart via Bitstamp on June 12, 2025.
The daily BTC/USD chart reflects broader indecision in market sentiment following a rejection from the $112,000 resistance. A bearish engulfing pattern signaled a sharp pullback, while smaller-bodied candles with long wicks highlight the ongoing tug-of-war between bulls and bears. Support is tentatively holding at the $102,000 level. Moving averages provide a bullish backdrop, with all key exponential and simple moving averages from the 10-period to 200-period pointing to bullish signals. However, neutral readings from the RSI, commodity channel index (CCI), average directional index (ADX), and Awesome oscillator temper the bullish outlook, suggesting a wait-and-see approach until a breakout from current consolidation emerges.

BTC/USD 1-day chart via Bitstamp on June 12, 2025.
Across oscillators, the technical sentiment is mixed. The RSI at 55 and CCI at 41 both register neutral, indicating a lack of momentum in either direction. Meanwhile, the MACD and momentum indicators signal selling pressure, while the Stochastic suggests overbought conditions. The ADX, reading 17, confirms a weak trend. The Awesome oscillator at 2,106 also remains neutral. This divergence across tools emphasizes caution, with no definitive trend alignment and oscillators hinting at a potential reversal or further drift.
Moving averages (MAs), however, paint a more constructive picture. All primary exponential moving averages (EMA) and simple moving averages (SMA) — from the 10-period to the 200-period — are in alignment on the buy side. The 10-period EMA and SMA are at $107,224 and $106,412 respectively, both above current price levels, suggesting short-term bullish support. Longer-term averages like the 200-period EMA at $92,442 and SMA at $95,524 highlight a sustained bullish trend over the past several months. This divergence between moving averages and oscillator data encapsulates the current market phase: long-term strength amid short-term correction.
Bull Verdict:
If bitcoin can reclaim the $109,000–$110,000 zone with conviction and rising volume, especially on the 4-hour and daily charts, it would signal a strong bullish continuation. Combined with the uniformly bullish signals from all major exponential and simple moving averages, such a breakout could reestablish upward momentum toward retesting the $112,000 resistance and potentially setting new yearly highs.
Bear Verdict:
Persistent rejections below $108,000 and a decisive break beneath the $107,000 support would confirm the continuation of the current short-term downtrend. With multiple oscillators—such as the MACD, Stochastic, and momentum—flashing sell signals, and a bearish structure on both the 1-hour and 4-hour charts, bitcoin could revisit the $102,000 support zone, with a risk of deeper retracement if that level fails.

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Asia’s de-dollarization push is gaining rapid traction as BRICS and ASEAN accelerate local-currency trade, driving currency hedging to record highs and challenging dollar dominance.

De-Dollarization Takes Hold in Asia—Currency Hedging Surges to Record Highs
A growing trend of de-dollarization is underway across Asia as policymakers, institutional investors, and economic blocs seek alternatives to the U.S. dollar amid concerns over monetary volatility, geopolitical risk, and the strategic use of the greenback in sanctions, CNBC reported. According to International Monetary Fund (IMF) data, the dollar’s share of global foreign exchange reserves declined to 57.8% in 2024, down sharply from over 70% in 2000. This retreat has coincided with a steep drop in the dollar index earlier this year and increased investor demand for currency hedging and local-currency exposure, especially in Asia.
As part of this shift, the Association of Southeast Asian Nations (ASEAN) released its Economic Community Strategic Plan for 2026 to 2030, which calls for greater use of local currencies in trade and investment and deeper regional payment integration. The plan was endorsed during official meetings in May. Meanwhile, BRICS nations are actively promoting bilateral trade in their domestic currencies and expanding alternatives to Western-dominated systems like SWIFT. Lin Li, head of global markets research for Asia at Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank by assets, was quoted by CNBC as stating:
De-dollarization is growing as Asian economies in particular seek to reduce reliance on the greenback in hopes of using their own currencies as a medium of exchange to reduce FX risks.
Craig Chan, global head of FX strategy at Nomura Securities, added that “some of the high performers that we’re looking at will be places like Japanese yen, Korean won, and Taiwan dollar.” Nomura reported that Japanese life insurers increased their hedge ratio from 44% to 48% between April and May, while Taiwan’s hedge ratio stands at 70%.
Abhay Gupta, Asia fixed income and FX strategist at Bank of America, commented on the regional shift in behavior by deposit holders: “De-dollarization in ASEAN is likely to pick up pace, primarily via conversion of FX deposits accumulated since 2022.” Mitul Kotecha, head of foreign exchange and emerging markets macro strategy for Asia at Barclays, said the shift has taken on a strategic dimension:
Countries are looking at the fact that the dollar has been, and can be used as a sort of weapon on trade, direct sanctions, etc… That’s been the real change.
Francesco Pesole, a foreign exchange strategist at ING, noted political and market triggers: “Trump’s erratic trade policy decisions and the dollar’s sharp depreciation are probably encouraging a more rapid shift towards other currencies.” Still, many analysts caution that no clear replacement exists. Pesole stated: “No other currency holds the same liquidity, depth of bond and credit market as the dollar.”

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Strategy co-founder Michael Saylor is brushing off Wall Street skeptics, claiming the company’s bitcoin-backed financial model makes shorting its stock a losing bet—and declaring that bitcoin is headed to $1 million.

Saylor: Short Strategy at Your Peril
This week, Strategy added 1,045 bitcoin to its reserves, bringing total holdings to 582,000 BTC—valued at more than $60 billion. In a wide-ranging interview with Bloomberg, Executive Chairman Michael Saylor rejected recent criticism from short seller Jim Chanos and defended the premium Strategy shares command over bitcoin’s spot price.
Saylor argued Chanos doesn’t truly understand what Strategy’s business model is. “We’re actually the largest issuer of bitcoin-backed credit instruments in the world,” Saylor said, highlighting the company’s issuance of preferred stocks—STRIKE, STRIDE and STRIFE—that allow it to raise capital without diluting shareholders.
Last week’s bitcoin purchase, worth $110 million, was funded entirely through those instruments. Saylor dismissed concerns about overvaluation, asserting that Strategy is not a closed-end trust but an operating company with the ability to generate additional bitcoin gains. “Our company generated a BTC-dollar gain equal to about $8.4 billion in the first two quarters of this year,” he said.
Saylor further noted that Strategy is projecting $15 billion in bitcoin-related earnings for 2025. He also delivered a bullish forecast about bitcoin’s trajectory: “Winter’s not coming back. Bitcoin’s not going to zero—it’s going to $1 million.” Saylor pointed to increasing institutional interest, ETF inflows and a tightening daily supply of just 450 BTC as driving forces behind his bullish outlook.
Saylor said:
If bitcoin rallies to $500,000 or $1 million, then sure, it could fall $200,000 from those levels. But right now, it only takes $50 million to turn the engine of the crypto economy.
Saylor also shrugged off concerns about quantum computing, arguing that tech giants like Microsoft and Google have no incentive to undermine global cryptography, which would threaten their own businesses. He added that any future threat would be telegraphed well in advance, giving bitcoin ample time to adapt. “Bitcoin is less vulnerable than most other digital systems,” he stressed.
Turning to artificial intelligence (AI), Saylor claimed AI would become one of bitcoin’s largest demand drivers. “AI will do 100,000 transactions a minute,” he said, explaining that the speed and logic of intelligent machines will reject legacy banking infrastructure. Instead, he argued, bitcoin and layer two networks will offer the instant, transparent settlement layer AI will require to function at scale.

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On Wednesday, equity markets bounced back after U.S. President Donald Trump announced that officials from the U.S. and China had come to terms on a trade agreement. Bitcoin ticked up by 0.5%, and the crypto economy expanded to $3.46 trillion.

Equities Surge, Crypto Market Nears $3.5T After Trump’s Trade Power Play
Optimism spread through markets on June 11 as inflation showed signs of restraint, with the U.S. Labor Department reporting just a 0.1% increase in May’s consumer price index (CPI). To some observers, the modest uptick in inflation hints that Trump’s tariffs might be having a gentler impact on the market than many had anticipated. Adding to the upbeat mood, Trump confirmed that trade discussions with China had ended on a high note, saying the negotiations in London were a success.
“Our deal with China is done, subject to final approval with President Xi and me,” Trump exclaimed on Truth Social. “Full magnets, and any necessary rare earths, will be supplied, up front, by China. Likewise, we will provide to China what was agreed to, including Chinese students using our colleges and universities (which has always been good with me!).”
Trump added:
We are getting a total of 55% tariffs, China is getting 10%. [The] relationship is excellent!
When U.S. markets opened on Wednesday, all the major indexes—including the Dow Jones Industrial Average, S&P 500, Nasdaq, and NYSE—kicked off the day in the green. Stocks also picked up steam on Tuesday following reports that the trade deal talks had wrapped up on a positive note.

Long-term bond yields remain elevated, with the U.S. 30-year Treasury sitting at 4.926%. Meanwhile, gold edged up 0.3% to $3,334.20 per ounce by Wednesday morning. Silver, on the other hand, is down 0.38% and trading for $36 per ounce.
Bitcoin ( BTC) is holding its ground, hovering above $109,500 with a 0.5% gain after multiple attempts to break and stay above the key $110,000 threshold. Ethereum ( ETH) is showing a bit more energy, climbing over 1% and clearing the $2,800 mark per ETH. Global crypto trade volume is slightly below yesterday’s tally, easing 0.31% to a still-strong $135.93 billion.

With markets reacting favorably and digital assets gaining modest ground, investor sentiment appears cautiously hopeful. While some remain wary of broader macroeconomic signals, the tone set by the U.S.-China agreement and tempered inflation figures in May hints at a temporary alignment of global and domestic confidence. Whether this momentum sustains or fizzles may depend on various factors going forward.

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Maple Finance has added stETH as collateral for institutional stablecoin lending, allowing institutions to tap liquidity without forfeiting staking rewards, another sign of DeFi’s growing role in institutional treasury management.

New Institutional Stablecoin Lending Program to Boost stETH Utility
Maple Finance, a leading on-chain capital markets platform, has expanded its institutional offerings by enabling stablecoin lending against stETH, Lido’s popular Ethereum liquid staking token. This move allows institutional clients to unlock liquidity without unwinding their staked ETH positions, providing operational flexibility while continuing to earn staking rewards.
The addition of stETH as accepted collateral comes as institutions increasingly seek capital-efficient strategies to manage treasury operations and working capital without sacrificing long-term crypto holdings.
Through Maple’s platform, borrowers can secure stablecoin loans backed by stETH, addressing liquidity needs for activities such as trading, yield generation, or other strategic financial moves, all while retaining full exposure to ETH’s staking yield.
Kean Gilbert, Head of Institutional Relations at Lido Ecosystem Foundation, commented:
Maple’s support for stETH provides a valuable liquidity solution, directly addressing institutional need for flexible and efficient DeFi strategies. It highlights the practical role liquid staking tokens play in modern treasury management.

This development highlights the growing composability of DeFi tools in institutional finance, particularly liquid staking tokens like stETH, which bridge passive income and active capital deployment.
Maple’s adoption signals confidence in stETH’s role within the broader Ethereum ecosystem and reflects a wider trend of TradFi and crypto-native players embracing decentralized solutions to optimize balance sheet efficiency.

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Shopify has integrated the stablecoin USDC into its Shopify Payments system through partnerships with Coinbase and Stripe.

USDC Stablecoin Live on Shopify Payments for Global Sales
The integration, now in early access, allows merchants globally to accept USDC payments from customers using the Base blockchain network. Customers can pay with USDC supported wallets during checkout, including guest checkout and Shop Pay. Shopify’s blog post notes that no new integrations or gateways are required for merchants using Shopify Payments.

Shopify merchants will automatically receive settlement in their local currency without foreign transaction or exchange fees. Alternatively, they can opt to receive USDC directly into their own crypto wallet. This functionality is facilitated by Stripe‘s involvement.
USDC is a stablecoin issued by the publicly-listed firm Circle and it is pegged 1:1 to the U.S. dollar, aiming to avoid the volatility of cryptocurrencies like bitcoin (BTC). The Base network, an Ethereum layer two (L2) developed by Coinbase, processes the transactions.
Shopify and Coinbase jointly created a new smart contract and open-source payment protocol to handle commerce-specific needs like tax calculation, delayed capture, and refunds within the existing order flow.
Consumers paying with USDC select the option at checkout, connect a compatible crypto wallet holding USDC on Base via a secure pop-up window, and confirm the transaction. In the U.S., Shopify plans to offer customers 1% cash back on USDC payments later this year at no cost to merchants.
The feature is initially available to early access merchants and will expand to all stores using Shopify Payments globally later in 2025. The firms explain that no additional setup is required for eligible merchants.

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On Thursday, bitcoin slid into a steady decline, slipping beneath the $106,000 threshold and touching a fresh intraday low of $105,798. By 7:30 p.m. Eastern time on June 12, the top cryptocurrency had dropped 2.3% against the greenback.

Bitcoin’s Slump Sends Waves Through $3.32T Crypto Market
Overall, the mood stays gloomy, with bitcoin traders likely holding off for either a decisive trend shift or a strong bounce backed by heavy volume, as bearish forces currently have the upper hand. In the last 24 hours, bitcoin has tallied $35.53 billion in global trading volume, but even with today’s dip, BTC remains up 4.4% for the week.

BTC/USD 1-hour chart via Bitstamp at 7:30 p.m. Eastern time.
The drop, however, has pulled the entire crypto market down by 2.47%, bringing its total value to $3.32 trillion. While BTC slipped 2.3%, ethereum ( ETH) fell 4.5%, XRP dipped 3.24%, and solana ( SOL) gave up 4.9% against the U.S. dollar. Among the top ten coins, dogecoin ( DOGE) took the hardest fall, dropping 5.9% in value on Thursday.
The hardest hit of the day was EOS, tumbling 15.28%, followed by AI16Z, which dropped 14.45%. KAITO slipped 12.15%, and PNUT gave up 11.22%. Over the last day, a hefty $645.67 million in long and short positions vanished from the derivatives market, with $297.42 million tied to bitcoin longs alone.
Notably, coinglass.com data highlights a massive $201 million liquidation on a BTC/ USDT trade. Where BTC goes next is anyone’s guess, but seasonal patterns hint that the third quarter has traditionally been a softer stretch for bitcoin prices. As of 7:30 p.m., BTC is cruising at $106,152 per coin on Bitstamp and $106,133 based on the weighted global average.

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A Nasdaq-listed firm unleashes a $100 million XRP deployment via Flare, revolutionizing DeFi-based treasury management and igniting a new era of institutional crypto finance dominance.

$100M XRP Goes Live With Flare as Vivopower Redefines Corporate Treasury
Vivopower (Nasdaq: VVPR), a publicly traded company transitioning into an XRP-focused digital asset enterprise, announced on June 10 a definitive strategic partnership with Flare to deploy $100 million in XRP as part of its institutional treasury initiative. This arrangement signals the company’s first large-scale move under its new digital asset strategy. According to the announcement:
The agreement initiates the deployment of Vivopower’s XRP holdings through a scalable framework, beginning with a benchmarked initial phase of US$100 million.
“This marks the first major execution of Vivopower’s new corporate strategy and a significant validation of the XRP ecosystem’s utility for institutional treasury management,” the announcement adds. Kevin Chin, Executive Chairman and CEO, underscored the firm’s objective: “It’s no longer enough to simply hold XRP; the duty to our shareholders is to make it productive.”
The company is utilizing Flare’s FAssets system, a non-custodial mechanism that allows XRP to interact with decentralized finance (DeFi) protocols in a secure and programmable environment. Hugo Philion, co-founder of Flare, described the broader function of the system: “Our FAssets system is a direct application of that core technology. It is more than just a bridge; it’s a gateway that allows institutions to bring assets like XRP into programmable DeFi environments to generate yield, all while retaining their fundamental security.”
The network, backed by Ripple Labs and with a $1.9 billion market capitalization, offers protocols such as Firelight to generate yield. Vivopower outlined this compounding strategy explicitly:
Vivopower will generate yield via protocols on Flare, such as Firelight, and reinvest that income directly back into its core XRP holdings, creating a perpetually compounding and capital-efficient treasury.
As part of this model, Vivopower will hold Ripple’s upcoming RLUSD stablecoin as its primary reserve asset to ensure regulatory compliance and liquidity stability. The shift to an XRP-centric treasury is supported by a consortium of international shareholders, including Prince Abdulaziz bin Turki bin Talal Al Saud, and guided operationally by former Ripple executives from Asia. The company has branded its approach as “XRPFi,” emphasizing regulatory clarity, yield sustainability, and real-world asset backing. This move further positions XRP as a central asset in institutional finance and could encourage broader adoption of DeFi-based treasury management models among publicly traded entities.

#Binance #wendy #XRP $XRP

Global financial stability faces a pivotal moment as crypto’s deepening ties with traditional finance drive urgent calls for regulatory overhaul.

FSB Chair Warns of Crypto’s Systemic Risk, Demands Swift Global Action
Financial Stability Board (FSB) Chair Klaas Knot sounded a warning on the expanding systemic implications of crypto assets during a keynote address at a Banco de España-hosted conference on June 12. Leading with concerns about the growing intersection between digital assets and traditional finance, Knot stated:
At the FSB, we have long maintained that crypto does not yet pose a systemic risk, but recent developments suggest we may be approaching a tipping point.
“Barriers for retail users have dropped significantly, particularly with the introduction of crypto ETFs [exchange-traded funds]. The interlinkages with the traditional financial system continue to grow. Stablecoin issuers, for example, now hold substantial amounts of U.S. Treasuries. This is a segment we must monitor closely,” Knot added.
The FSB, an international body responsible for monitoring and recommending improvements to the global financial system, has been observing technological and market developments within the crypto sector with increasing concern. Knot linked these concerns to broader vulnerabilities, warning that rapid innovation—when coupled with insufficient oversight—could amplify contagion risks. He underscored that crypto’s emergence partly stems from inefficiencies in the cross-border payments space, and while efforts like the G20 Roadmap aim to address those gaps, implementation hurdles persist.
The FSB chief emphasized that as crypto’s integration has advanced, the regulatory perimeter must adapt accordingly, stating:
The crypto ecosystem will continue to evolve—and so must our regulatory frameworks. Jurisdictions are actively developing these, and the FSB’s recommendations offer a common foundation.
“This is especially important given the inherently cross-border nature of crypto. Effective implementation must extend beyond the G20, supported by strong regulatory and supervisory cooperation,” he noted.
Knot called for faster progress on reform, as both public and private sectors navigate this fast-changing landscape. Though crypto was a key part of his message, Knot also reviewed broader financial stability issues in what marked his final speech as FSB Chair. He highlighted risks in the non-bank financial intermediation (NBFI) sector, where leverage, opacity, and liquidity mismatches remain unresolved.

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At a Morgan Stanley event in New York, Bank of America CEO Brian Moynihan revealed that the banking heavyweight is “working with the industry” on launching a stablecoin.

Bank of America Boss Warns: Miss the Stablecoin Shift, and Competitors Will Feast
Bank of America chief Brian Moynihan once again brought up the topic of stablecoins during the conference, according to reporting from Yahoo Finance senior reporter David Hollerith. Moynihan explained at the conference that regulations are integral for the bank to get the ball rolling. As far as stablecoins, Moynihan stated:
If they get the Genius Act or the stable act or anything like that passed,—and then they get the markets infrastructure enablement piece — that will allow us to figure out whether there’s really a business proposition.
The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025) is currently making its way through Congress, aiming to establish the first broad federal rulebook for stablecoins. Bank of America’s CEO shared that the firm has been building its own solutions internally and is “working with the industry,” adding that the bank has “this pretty well understood.”
“The problem before was it wasn’t clear we were allowed to do it under the banking regulations, and there was a lot of mystery about that,” Moynihan insisted, according to the report. Moynihan stressed the bank is unsure how popular stablecoins will be, but knows the organization must be prepared. If they’re used for transactions, banks need those deposits to stay with them, or “you’ll see a major migration of deposits outside the industry.”
According to the Yahoo report, Moynihan wrapped up his thoughts by pointing out that the process isn’t as straightforward as many assume, while also admitting, “This idea that one payment system could take over the world very fast.”

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Circle has announced the launch of its USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) V2 on World Chain.

This development allows the nearly two million users who previously held bridged USDC in their World App wallets to upgrade to native USDC issued directly by Circle, ensuring that their holdings are now fully backed by liquid cash and cash-equivalent assets.
With over 27 million users across 160 countries, World Chain facilitates fast and cost-effective transfers, enabling participants to send remittances without high fees. The integration enhances the utility of USDC, allowing developers to incorporate it into World App Mini Apps and providing businesses with institutional on/off-ramps through Circle Mint. This upgrade not only accelerates the World Network but also expands access to a regulated digital dollar, with plans to support EURC in the future.

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Tokenized finance just hit overdrive as the XRP Ledger goes live with institutional-grade U.S. Treasuries, unlocking 24/7 real-world asset access via blockchain.

XRP Ledger Lights up With Real-World Assets—OUSG Treasuries Go Live
Ripple announced on June 11 that Ondo Finance’s tokenized short-term U.S. Treasuries product, OUSG, is now live on the XRP Ledger (XRPL), marking a significant advancement in institutional access to real-world assets onchain. The launch enables Qualified Purchasers to mint and redeem OUSG around the clock using Ripple’s stablecoin, RLUSD.
The move brings real-world Treasury exposure directly onto XRPL’s blockchain infrastructure, demonstrating a practical use case for tokenization in capital markets. Ripple described the event as a milestone: “Ondo Finance’s Ondo Short-Term U.S. Government Treasuries (OUSG) is now live on the XRP Ledger.” The firm added:
This milestone expands institutional access to one of the most credible, institutional-grade real-world assets onchain—accessible via seamless minting and redemptions with Ripple’s enterprise-grade stablecoin, RLUSD.
With over $1.3 billion in assets under management and $670 million in OUSG’s TVL alone, Ondo Finance’s expansion to XRPL positions the platform among a growing number of blockchain venues facilitating tokenized treasury products. Ripple and Ondo are backing the launch with liquidity support to foster early adoption and utility. RLUSD functions as the settlement medium, allowing financial institutions to shift capital in and out of Treasuries efficiently without depending on legacy banking hours or systems.
This integration aims to resolve common frictions in institutional finance, such as delayed settlements and capital inefficiencies, by offering compliance-aligned onchain alternatives. XRPL is engineered to meet the needs of institutional DeFi, providing native support for token issuance, an embedded decentralized exchange, decentralized identifiers, and forthcoming features like Multi-Purpose Tokens and Permissioned Domains.
RippleX SVP Markus Infanger emphasized the real-world maturity of this development, stating: “Ondo’s OUSG going live on the XRPL demonstrates that tokenized finance is no longer theoretical, it’s maturing in real markets. Institutions can now access high-quality assets like U.S. treasuries on public blockchains, with the compliance and efficiency they need.” Ripple added:
XRPL is rapidly becoming a destination for institutional-grade tokenized finance.

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Robert Kiyosaki just supercharged bullish sentiment by buying more bitcoin today, signaling urgency as economic chaos deepens and hard assets become the ultimate safe haven.

Robert Kiyosaki Buys More Bitcoin Today as US Economy Wobbles and Central Banks Lose Control
Robert Kiyosaki, author of the best-selling personal finance book Rich Dad Poor Dad, has once again taken decisive action by adding more bitcoin to his portfolio. His globally renowned book, translated into dozens of languages, has educated millions on financial independence and asset protection. Now, the acclaimed author is putting his teachings into practice as he prepares for what he believes is an unfolding economic collapse.
Kiyosaki shared on social media platform X on June 11: “Your future is decided today!!! Saying it another way: Today is the most important day of your life. Please do not waste it.” The famous author further shared:
Today I am buying more bitcoin and working on a new book on entrepreneurship.
This move comes as Kiyosaki intensifies his warnings about the current state of the global financial system. He recently predicted bitcoin would reach $250,000 this year, driven by what he describes as a chain reaction of central bank failures and mass bankruptcies. According to the renowned author, these systemic breakdowns are triggering a powerful shift toward hard assets like BTC, gold, and silver. As of writing, BTC is trading at $109,845.
In Kiyosaki’s view, the crisis he has long warned about is no longer a future threat—it has arrived. He believes hyperinflation is already impacting economies and that financial devastation will disproportionately affect retirees and middle-class families. As stock and bond markets teeter, he sees bitcoin’s decentralized, fixed-supply nature as a safe haven amidst monetary instability.
Kiyosaki has consistently promoted BTC as “real money” and a critical tool for preserving wealth in times of crisis. His broader message remains unchanged: fiat currencies are in decline, the U.S. economy is heading toward collapse, and individuals must act now. By buying more bitcoin today, Kiyosaki continues to lead by example—urging others to protect their financial futures before it’s too late.

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A powerful new bitcoin-backed equity has stormed onto Nasdaq, fueling Strategy’s explosive crypto accumulation plans and intensifying investor demand for high-yield digital asset exposure.

STRD Now Trading on Nasdaq as Strategy Expands Its Bitcoin-Backed Empire
Software intelligence company Microstrategy (Nasdaq: MSTR), now operating under the brand Strategy, has introduced its third tranche of bitcoin-collateralized preferred equity. Trading has commenced for the new issue—ticker symbol STRD—on the Nasdaq exchange.
Strategy secured approximately $980 million in net proceeds after underwriting and issuance costs, following an upsized offering of 11.76 million shares at $85 each due to strong institutional demand, exceeding the original $250 million target. Executive Chairman Michael Saylor disclosed the development on social media platform X on June 11, stating:
STRD begins trading on Nasdaq today. It’s the third in our series of bitcoin-backed preferred stocks—designed for fixed income, secured by BTC, and issued by Strategy.
Diversifying its capital structure, the firm now manages three preferred equity instruments: STRK, STRF, and STRD, each specifically structured to finance additional bitcoin acquisitions. STRK incorporates an 8% cumulative dividend and features a conversion option into common shares. STRF delivers a 10% cumulative yield, remains non-convertible, and holds the highest liquidation priority across the preferred suite. STRD, by contrast, distributes a 10% yield on a non-cumulative basis, is generally non-callable, and carries the highest risk profile—appealing to investors seeking yield in exchange for subordinate terms.
Strategy plans to use the proceeds to expand its cryptocurrency holdings, which have reached 582,000 BTC, making it the largest publicly held bitcoin treasury. This latest capital raise underscores the firm’s ongoing commitment to a digital asset accumulation strategy through financial structuring that appeals to differentiated investor risk appetites.
Forecasting future valuation paths, Saylor expects bitcoin to reach $1 million in the near term and $13 million by 2045. He attributes this outlook to limited supply, growing institutional inflows through exchange-traded fund (ETF) channels, and rising corporate treasury adoption. Recently, he said he is even more bullish on the $13 million projection. Referring to bitcoin as “digital gold,” Saylor contends that strengthening regulatory clarity and the protocol’s inherent resilience eliminate the prospect of an extended market decline, often termed a “crypto winter.”

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