Take a look at what's happening in the world of crypto by reading U.Today's top three news stories.
XRP: Biggest fakeout this year? Price's pique
XRP's recent market performance showed what could beone of the biggest fakeouts of 2025. On June 16, XRP's price briefly rose above key moving averages and closed near $2.27, sparking hopes of a rally toward $2.40-$2.50, supported by a brief volume spike and bullish RSI signals. However, within 24 hours, the asset saw a sharp reversal, dropping back toward $2.23 and showing rejection at critical EMAs. From a technical perspective, this suggests buyer hesitation and uncertainty, which are typical signs of a failed breakout. A failed breakout destroys bullish structure; traders who entered on the breakout start panic-selling, and the lack of follow-through weakens confidence in bullish momentum. Until XRP recovers and stabilizes above $2.27 with stronger volume and market support, traders should expect volatile swings or even more of a retracement. However,caution is recommended, as this fakeout may lead to a sharper correction than expected. At press time, XRP is trading at $2.13, down 3.47% over the past 24 hours, per CoinMarketCap.
Bank of America puts Bitcoin on same tier as printing press
As recentlyshared by Bitcoin historian Pete Rizzo on X, Bank of Americacompared Bitcoin to the printing press and the Ford Model T in terms of their disruptive potential. The bank also ranks Bitcoin alongside such key innovations of the 21st century as social media, the iPhone and AI. Unlike most of the banking sector, which expressed hostility toward Bitcoin, Bank of America has shown a bullish stance on the flagship crypto since 2013; back then, the bank's client note stated that the cryptocurrency had a lot of "growth potential." In January, Bank of America CEO Brian Moynihan distinguished stablecoins from other cryptocurrencies and predicted that banks would adopt crypto for transactions. Last March, the WSJ reported that Bank of America was exploring launching a stablecoin with other U.S. banking institutions to compete with cryptocurrency-native firms.
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Shiba Inu whale inflows explode 6,306% to six-month high, What's happening?
According to IntotheBlock's large holder inflows indicator, Shiba Inu whale inflowshave surged by 6,306%, reaching a six-month high. Shiba Inu's large holder inflows surged from 54.97 billion SHIB on June 15 to 15.05 trillion SHIB on June 16; this spike in whale activity is the largest seen since early 2025. Shiba Inu last saw whale inflows of 33.59 trillion SHIB on Jan. 7. Although the exact cause of the sudden spike in whale inflows is unclear, there is a possible explanation. Whales may be positioning early in expectation of new developments, such as the upgrades of the Shibarium layer-2 solution and the introduction of the Shib Alpha layer. At press time, Shiba Inu is changing hands at $0.00001155, down 0.85% over the past 24 hours, per CoinMarketCap.
