The Crypto Basic

The Shiba Inu ecosystem team announces a major project that could revolutionize SHIB and potentially mark the end of its meme era.
The team took to X to announce the beta launch of Shib Alpha Layer, the ecosystem’s rollup abstraction developed in collaboration with ElderLabs. Despite no VC funding, the Shiba Inu ecosystem team and ElderLabs’ engineers successfully built the project in record time.
While unveiling the new initiative, Shiba Inu’s lead developer, Kaal Dhairya, reflected on past criticism directed at the cryptocurrency. He noted that Shiba Inu was initially dismissed as a meme coin, overwhelmed by “Wen Shibarium?” jibes and drowned in fear, uncertainty, and doubt (FUD).
Instead of focusing on the criticism, Dhairya emphasized that the team kept building, delivering key projects like Shib Alpha Layer, which he introduced yesterday.
The Shib Alpha Layer helps unify every RollApp, integrating them into a single, ultra-fast layer. It acts as a unified top layer that hides the complexity of multiple RollApps operating beneath it.
“[With Shib Alpha Layer], users feel like they are transacting on one chain while dozens of rollups operate beneath the surface,” Dhairya remarked.
Meanwhile, Shiba Inu’s lead developer, Shytoshi Kusama, also brought the newly introduced project to the community’s attention, urging enthusiasts to read the text from Dhairya.
Recall that Kusama has been inactive on X over the past few weeks due to his ongoing work on the whitepaper exploring the interaction between Shiba Inu and AI.
However, he emerged from hibernation yesterday to highlight Shiba Inu’s Web3 gaming initiative on Astra Nova’s TokenPlay. ai platform and the newly introduced Shib Alpha Layer.16648
Meanwhile, Shiba Inu’s lead developer, Shytoshi Kusama, also brought the newly introduced project to the community’s attention, urging enthusiasts to read the text from Dhairya.
#CryptoNewss

#VeChain recorded a 5% intraday drop after failing to cross the 50-day EMA. Derivatives data show weak interest, raising the risk of a $0.02199 breakdown.
As the broader market struggles to find support, VeChain takes a bearish turn around the 50-day EMA, with a surge in selling pressure nearly undermining weekly gains. Will the downtrend break under the crucial $0.02199 support?
Vechain Price Analysis
On the daily chart, VeChain shows a V-shaped reversal, recovering from the three-day crash last week. The bullish trend produced five consecutive bullish candles.
The recovery rally saw five consecutive bullish candles, with the price rising from $0.02253 to $0.02630, a 16% surge. However, the uptrend failed to break above the 50-day EMA, resulting in a sudden 4.87% crash on Wednesday.
Due to recent fluctuations, the MACD and signal lines have flattened despite the earlier positive crossover. Hence, the technical indicators give mixed signals amid increased volatility in VET prices. Notably, the declining trend in the 50-, 100-, and 200-day EMAs signals a bearish long-term outlook.
As selling pressure revives, the altcoin broke below the $0.02471 support level. VeChain extended its losses with a 5.17% intraday drop, trading at $0.02222. Thus, the likelihood of VET retesting the $0.02199 horizontal support has increased.
A potential closing below the immediate support could extend the correction to the psychological level of $0.02000, followed by $0.01974. However, if VET avoids closing below $0.02471, a potential bounce back to the 50-day EMA at $0.02609 remains possible.
VET Derivatives
As VeChain’s bearish trend re-emerges, optimism in the derivatives market takes a significant hit. Open interest dropped 9.48% to $62.85 million, signaling reduced trader interest.
Long liquidations reached $419k, while short liquidations remained below $6k. This reflects a substantial wipeout of bullish players. Consequently, the long/short ratio dropped to 0.8744, indicating an increased number of bearish positions.
#Crypto

#PEPE retests its 50% Fibonacci level as large holders increase net flows by 1,645%. Can the meme coin bounce back toward $0.00001550?
Pepe has witnessed a steep correction toward recently broken 50% Fibonacci level, risking a potential bearish turnaround. However, large holders’ net flows and optimism in the derivatives market signal a possible bounce-back for Pepe. Will this extend the bullish trend toward the $0.00001550 resistance level?
On-chain Data Supports Bullish Chances
According to IntoTheBlock’s data, large holders’ Net Flow has surged by 1,645% over the past seven days. On June 11, the Net Flow reached 854.64 billion, reflecting increased confidence among large holders. This indicator measures the net flow of holders owning more than 0.1% of the circulating supply.
Pepe Price Analysis
At the time of writing, Pepe trades at $0.00001242, with an intraday pullback of 0.64%. This reflects a lower price rejection from the 24-hour low of $0.0000121.
Following a minor bounce, Pepe holds ground above the 50% Fibonacci level at $0.0000122. However, the recent 4.80% pullback on Wednesday indicates a marginal increase in selling pressure.
Due to prior bullish momentum resulting in a golden cross and hinting at a bullish crossover in the 100-day EMA lines, the meme coin is likely to sustain the prevailing uptrend. Supporting these bullish prospects, the MACD and signal lines are expected to flatten near the zero line, signaling a potential bullish crossover.
Based on price action analysis, an immediate bounce back in Pepe could face resistance at $0.0000155, followed by key resistance at $0.00001705. On the downside, a close below the 50% Fibonacci level could test the 200-day EMA at $0.00001155.
PEPE Derivatives
Supporting a bullish sentiment, optimism remains strong in PEPE’s derivatives market, with open interest rising by 0.30% to $577.44 million. Long liquidations have surged to $1.97 million in the past 24 hours, more than double the short liquidations, which were $920,000.This signals wipeout of bullish-aligned traders, dropping ratio to 0.9516

Trump Administration To Remove Regulatory Impediments to #Bitcoin and Stablecoins: US Treasury Secretary.

Scott Bessent, the US Treasury Secretary, has reiterated this administration’s commitment to promoting the course of Bitcoin and blockchain technology in America.

He said in his speech at the American Bankers Association in April that the Donald Trump administration remains committed to promoting innovation in the United States. Part of this involves reforming the banking system by incorporating blockchain technology and new payment rails.

To do so, Bessent noted that his administration would identify and eliminate all impediments to the adoption of blockchain technology.

Bessent believes that a clear crypto framework would foster the incorporation of blockchain technology into the banking system. Furthermore, he suggested that stablecoins would create new payment rails for the traditional financial system and “unleash the awesome power of the American capital market.”

Bessent further stressed the importance of the stablecoin market to the US dollar’s dominance in a speech at the Senate Appropriations Committee hearing on Wednesday. He noted that the cryptocurrency would strengthen the USD’s position in the global financial market.

According to him, bills like the GENIUS Act would encourage mainstream adoption of US dollar-pegged stablecoins and boost their reach extensively both globally and locally.

#Crypto

Ripple CTO David Schwartz announces that XRP Ledger devs plan sidechain launch in Q2 for Ethereum compatibility.

#CryptoNewsCommunity

Market technician EGRAG Crypto has identified a W pattern formation on the monthly #XRP market cap chart, suggesting an imminent run beyond $1 trillion.
EGRAG disclosed this in a recent commentary, where he focused primarily on the XRP market cap chart. His analysis comes as XRP price continues to linger around the $2 mark, leaving its market largely between $120 billion and $145 billion since last month.
However, the second approach considers XRP’s historical patterns from 2017. EGRAG confirmed that in 2017, XRP had to rally 242% from Fib. 1 to reach Fib. 1.618. Currently, XRP is already above Fib. 1, as it eyes the 1.618 extension. If it rallies another 242% to reach Fib. 1.618, this would push its market cap to $450 billion, leading to a price of $7.6.
For the third approach, he suggested that Fib. 1.618, the upside target, could translate to a market cap of $978 billion when considering the 2018 peak and the 2020 low. If this target materializes, it will push the XRP price to $17, considering the circulating supply.
Lastly, EGRAG leveraged a bullish pennant from the XRP/USD and XRP/BTC pairs to present the fourth approach. This pennant aligns with the XRP market cap, with an upside target of $1.2 trillion. Interestingly, this $1.2 trillion translates to an XRP price of $20.
Despite this consolidation, EGRAG confirmed that the XRP market cap has held above the previous all-time high of $130 billion from December 2024, which represents Fib. 1. He explained that this position above Fib. 1 indicates that XRP still shows signs of bullish accumulation.
He then presented several upside targets leveraging multiple approaches. Specifically, the first approach considers a measured move from the W formation. In this approach, the non-logarithmic move translates to a target of $270 billion, aligning with Fib. 1.618. This marks a new ATH, corresponding to an XRP price of $4.5.
Meanwhile, still within the first approach, the logarithmic move translates to a market cap target of $1.5 trillion, representing the largest upside target..
#CryptoNewss

Michael Saylor Says #Bitcoin Bear Market Is Not Coming Back.

Strategy’s executive chairman, Michael Saylor, has issued a crucial warning to those expecting the Bitcoin bear market soon.

Speaking to Bloomberg, Saylor stated that the Bitcoin bear market is unlikely to return, at least in the near term. According to him, the asset is not going to $0 but is headed towards $1 million per coin.

Responding to Matt Miller’s question on when Bitcoin’s historically recurring period of massive downside will kick in again, Saylor insisted that the asset has moved beyond that adolescent market phase.

Crypto winter, as it is widely known, is a period typically characterized by a significant drop in Bitcoin prices. As seen historically, it comes on the heels of the bull market, which has correlated with the automated, four-year halving event.

Historically, the Bitcoin bullish cycle could end this year, followed by a correctional bearish phase. Several analysts, including veteran trader Peter Brandt, have already speculated on an incoming dump. However, Saylor suggests that Bitcoin is moving past that phase, arguing that the asset has grown past its “riskiest period.”

#Crypto

Michael Saylor, the executive chairman of MicroStrategy (now Strategy), discloses that he is getting more bullish on his previous forecast that Bitcoin will hit $13 million by 2045. 
The Strategy chairman expressed this view during a recent CNBC Squawk Box interview, where he provided a bullish outlook for Bitcoin. During the interview, Saylor recounted the previous prediction he laid out for BTC at the Bitcoin Conference in Nashville. 
At the 2024 conference, Saylor predicted that Bitcoin would grow by 29% on average each year over the next 21 years. He suggested that factors such as Bitcoin education and rising institutional demand for the asset could propel BTC’s price to the $13 million target by 2045. 
Bullish on $13M Bitcoin Price Forecast 
While his previous forecast triggered mixed reactions at the time, Saylor has once again backed the prediction. The Bitcoin evangelist emphasized that he is more bullish on the prediction due to the positive market developments over the past six months. 
Regulatory Clarity for BTC 
He mentioned that the current U.S. administration now recognizes Bitcoin as a top digital commodity, providing regulatory clarity for the firstborn crypto. 
Banks Now Allowed to Hold Bitcoin 
Additionally, he noted that the banking regulator has authorized banks in the United States to hold Bitcoin. Recall that in April, the Federal Reserve withdrew 95% of its anti-crypto rules. 
These include the 2022 and 2023 supervisory letters, which required banks to notify the central bank before engaging in crypto-related activities. With the rules rescinded, banks can now engage freely in crypto activities without informing the Fed. 
Growing Institutional Adoption 
Furthermore, Saylor indicated that there is strong institutional adoption for Bitcoin. According to him, more than 100 public companies currently hold Bitcoin on their balance sheets, with new firms adopting the asset every week..
#CryptoNewsCommunity

Now, with #XRP trading below $2.2 and inside the wedge, EGRAG has pointed out five price levels it must conquer to flip bullish, with one of them being his “go-go signal.” The first level is the $2.3 price level, which XRP has failed to claim since May 29. The second level is the $2.35 mark, an important point for bullish continuation.

Meanwhile, EGRAG has identified the $2.36 price as the third price target. He suggests XRP would finally break out of the mega falling wedge pattern once it reclaims this level. From here, the next price target rests on the $2.45 mark, representing a two-week high.

Importantly, the analyst singled out the next target at $2.65 as the “go-go signal.” This indicates that once XRP reclaims this level, which it has traded below for nearly a month, it would represent the signal of an imminent breakout from the current bearish phase.

While EGRAG failed to present any price target in this analysis, it had in the past projected rallies to greater heights. In particular, the $27 target remains his consistent goal, which he believes XRP has the potential to claim during the ongoing bull run.

#CryptoNewss

Trump Media has filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission following a $2.3 billion raise to build one of the largest #Bitcoin treasuries.

#Crypto

Now, with the #XRP price rebounding beyond the $0.5 on the back of the U.S. elections last November, XRP dominance soared to a four-year peak of 5.58% by January. Despite a drop alongside XRP’s price pullback to the $2 lows, dominance currently sits at 3.97%.

However, some XRP market commentators believe XRP dominance could soar beyond the 31.33% peak to reach a new all-time high of 40%. Before this can happen, XRP would need to capture a lot of the market share from Ethereum and Bitcoin.

For context, Bitcoin dominance currently sits at 64.15%, the largest for any single crypto asset. Meanwhile, Ethereum dominance stands at 9.71%, the second largest. At these dominance figures, Bitcoin has a market cap of $314.5 billion, while Bitcoin boasts a valuation of $2.08 trillion.1111

San Francisco-based fintech giant Ripple has unlocked over $2.2 billion worth of #XRP from its escrow accounts.
As part of its regular monthly routine, Ripple released 1 billion XRP tokens from escrow for June 2025. At the time of release, the tokens were valued at approximately $2.21 billion.
Transaction Details 
Crypto tracking service Whale Alert flagged Ripple’s latest escrow activity. According to a series of posts on X, Ripple released the 1 billion XRP through three separate transactions.
In the first transaction today at 1:42 (UTC), Ripple released 400 million XRP worth around $882.47 million from escrow into its ‘Ripple 26’ wallet. 
Three minutes later, Ripple unlocked another 500 million XRP ($1.1 billion) from escrow and deposited it into one of its wallets, labeled ‘Ripple 27.’ 
Furthermore, the crypto payments company initiated another XRP release about three minutes after the second transaction. This time, the company unlocked 100 million XRP ($220.42 million) from its escrow account and transferred it into the ‘Ripple 26’ wallet. 
Following the transactions, Ripple 26 and Ripple 27 wallets each hold a balance of 500 million XRP. 
Ripple Locks 670M XRP in Escrow in June
It is worth noting that the latest escrow transactions come a few days after Ripple locked around 670 million XRP in escrow for this month. 
As previously reported, Ripple locked the tokens, worth approximately $1.46 billion, in two transactions, each containing 470 million XRP and 200 million XRP, respectively. 
Essentially, while Ripple released 1 billion XRP from escrow in June, it locked 670 million coins this month. This indicates that approximately 330 million XRP will be added to the coin’s circulating supply, currently at around 58.76 billion. 
A Routine Exercise 
Notably, Ripple’s escrow releases are a well-established practice. Since 2017, after locking up 55 billion XRP in escrow, the company has been releasing 1 billion XRP on the first day of each month..
#CryptoNewsCommunity

“This Is Just the Beginning,” Cathie Wood Shares Why #Bitcoin Will Go Higher from Here.

In an interview, Ark Investment’s CEO, Cathie Wood, identified that Bitcoin remains in an early growth phase. Despite its six-figure valuation, she emphasized that the premier crypto asset would continue to appreciate, citing its nascent institutional presence and favorable demand-supply dynamics.

Wood emphasized that Bitcoin is getting scarce. An interesting detail to this is that institutions have yet to arrive on the scene at scale. While the statistics are improving daily, with new firms adding Bitcoin to their reserves, a vast majority of prominent firms have yet to adopt the prominent cryptocurrency.

Notably, Bitwise CIO Matt Hougan recently noted that while 95% of Bitcoin is already in circulation, 95% of investable capital remains unexposed. Meanwhile, a study from Tephra Digital also showed that Bitcoin still cannot access $31 trillion in wealth, as financial advisors continue to observe the asset’s progress.

As a result, Wood noted that it is just the beginning for Bitcoin. According to her, institutions that would adopt Bitcoin from here would have to buy up the newly mined BTC, which dropped again to 3,150 BTC per week with the 2024 halving.

Another option is to “pay up” to get retail holders to sell off their stash. Recall that a Bitwise report showed that over 69% of Bitcoin’s supply is in the hands of individuals. As a result, institutions would have to hope that they paper-hand their Bitcoin to have some to buy.

Conclusively, Wood highlighted that Bitcoin’s scarcity value will increase due to the huge supply-demand imbalance, driving prices higher. Additionally, this simple economics would continue to ensure that the asset’s price appreciates indefinitely.

#Crypto

Pakistan’s Digital Assets Minister, Bilal Bin Saqib, met with Bo Hines, Executive Director of the U.S. Presidential Council on Digital Assets, to explore crypto collaboration.

#CryptoNewss