#StablecoinNews $USD1 $USDC $TRX USD1 stablecoin begins minting on TRON
Geneva, Switzerland, June 13, 2025 – TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), has announced the first minting of the USD1 stablecoin on the TRON blockchain. Released by World Liberty Financial., the developer of a pioneering DeFi protocol and governance platform inspired by President Donald J. Trump, USD1 is 100% backed by short-term US government treasuries ans US dollar deposits.
The minting of WLFI’s stablecoin on TRON confirms an announcement made last month at Token2049 in Dubai by Eric Trump, executive vice president of the Trump Organization and co-founder of WLFI. Trump announced in May that USD1 was the stablecoin selected to settle MGX’s $2 billion investment in Binance, quickly followed by a supporting statement that USD1 will be fully integrated into the TRON ecosystem.
The minting kicked off in the early morning hours of June 11, documented by an X post from TRON founder Justin Sun, who described this milestone as a “giant leap for stablecoins.”
“From launching new ideas to challenging how we think about money and freedom, it’s clear that we are making progress in moving the crypto industry forward,” said Sun. “It has been great to be part of this process with WLFI and to see the Trump administration taking steps to create a clearer and more supportive environment for innovation.”
The integration of USD1 as an independent and secure stablecoin strengthens the TRON ecosystem while advancing their ongoing mission to promote economic growth. By offering the transparency and security that institutions demand, USD1 positions TRON for even broader institutional adoption. WLFI's strategic decision to mint USD1 on TRON signals a growing trust in the network's robust infrastructure and demonstrates increasing institutional confidence in TRON’s ability to deliver secure, scalable blockchain solutions for global markets.
The price of XRP has been showing signs of stability recently, but experts are still waiting for a clear breakout. After hitting a low on June 5th, the cryptocurrency made a small upward move. However, the momentum since then has been weak and uncertain. At the time of writing, XRP is trading at $2.14.
Current Market Situation
XRP’s price has managed to hold above its June 5th low, even as many other altcoins have fallen below their recent support levels. This is a positive sign because it shows XRP is holding up slightly better than some of its competitors. But to turn this into a strong upward move, bulls need to step in soon and push the price higher with conviction.
Key Resistance and Support Levels
Right now, the first important price barrier for XRP is around $2.33. A clean break above this level could mean that buyers are gaining control. If that happens, the next resistance levels to watch are at $2.36, $2.48, and ideally $2.47. These levels could act as short-term targets if the rally continues.
On the downside, the key support level to watch would be $1.94 and $1.83. A fall to these levels would hint at weakness and raise concerns about a further drop.
What to Expect Next
For a stronger bullish trend to begin, XRP needs to show increased momentum and trading volume. If buyers manage to push the price above $2.33 and beyond $2.47, it could open the door for a move towards $2.54 or even higher.
However, if the price remains weak and struggles to break above resistance, or worse — falls below $2 — the outlook would turn more bearish. The critical long-term support to watch in that case would be at $1.79. A drop below this would significantly reduce the chances of a quick recovery. $BTC $ADA
#RippleXRP $XRP Amazon Is Going to Adopt Ripple’s XRP for Payments?
Tech giants are actively exploring blockchain technology to increase their efficiency. In an latest development, Amazon is showing active interest in integrating Ripple’s XRP into its payment system. During an official Amazon Web Service (AWS) panel, a company representative disclosed that they are collaborating with Ripple upfront.
The lady representative said, “We also have someone in our team dedicated to seeing where XRP for payments can be of use and working with different merchants, as well as consumer platforms and apps.” She further disclosed that they want to see where there could be a best opportunity for us there.
The XRP army has hailed the move as a sign that adoption is shifting from talk to action. With AWS commanding a massive presence in global cloud services and enterprise infrastructure any future integration could dramatically boost XRP’s utility.
While this can be huge news if the collaboration does happen, as of now both firms haven’t made any specific statement. This is a panel discussion, and not an official announcement of integrating XRP into the Amazon payment system. However, since AWS is exploring XRP, in future it might adopt the crypto for cross-border transactions. If the venture is successful, then it could even consider integrating XRP.
Ripple’s Ecosystem Advantage
Ripple, the company behind XRP, has already been active in the enterprise corridors by collaborating with banks, payment providers, and regulators globally. Recently Ripple received a license in the Middle East for its stablecoin RLUSD from Dubai Financial Services Authority (DFSA).
Following which Ripple has already teamed up with local partners, Zand Bank and Mamo for blockchain payments. With its lawsuit with SEC settling up after years of wait, the firm also expects US banks to embrace XRP. The company hopes that the final settlement will provide comfort to financial institutions and lead to real business opportunities in the United States.
#SHIBARMYSTRONG. $SHIB $ADA $ETH 410,749,550,095,727 SHIB Removed From Circulation as Supply Takes Hit
410,749,550,095,727 SHIB gone and counting
Dog-themed cryptocurrency Shiba Inu (SHIB) continues its journey toward supply reduction with 410.74 trillion SHIB tokens now permanently removed from circulation.
According to the Shibburn website, 410,749,550,095,727 SHIB have been burned to date. The total SHIB supply now stands at 589,250,449,904,272.
At launch, Shiba Inu’s total supply stood at a staggering 1 quadrillion tokens. However, through burns and deflationary mechanisms, more than 41% of the initial supply has been depleted. In May 2021, Vitalik Buterin, the co-founder of Ethereum, burned 410 trillion SHIB tokens, representing 90% of the SHIB he unwillingly received from the Shiba Inu project.
Recent data from the Shibburn X account, which tracks Shiba Inu token burns, suggests active burns are ongoing in the Shiba Inu ecosystem. In the last 24 hours, for instance, 537,187,730 SHIB were burned, resulting in an over 3,000% surge in burn rate. In the past seven days, 687,249,104 SHIB tokens were burned, representing a 481.17% increase in the weekly burn rate.
Shiba Inu: What's next? Shiba Inu announced a partnership this week with TokenPlayAI, the AI-powered gaming platform developed by the Astra Nova team, to bring the future of Web3 gaming to SHIB.
Shib Alpha Layer, a rollup abstraction stack developed with ElderLabs and settled on Shibarium, has been released in beta, combining each RollApp into a single ultra-fast layer. Shib Rollups, a new platform that allows developers to create their own customized Layer-2 blockchains on Shibarium. According to Shiba Inu developer Kaal Dhairya, a new era might be unveiled for SHIB with Shib Alpha Layer. The Shiba Inu developer hinted at what's coming next for SHIB in a recent tweet: "Next up: unleash full FHE, open RollApp deployment to everyone, and watch the Shib interconnected ecosystem eclipse blockchains that promised the moon and shipped markdown. Meme era ends here. The Shib Alpha era begins."
#solanaXRP $SOL $XRP $ETH XRP And Solana: How Crypto ETFs Could Propel Their Prices To New Records
Against the backdrop of geopolitical tension between Israel and Iran, altcoins have, against all odds, stood out. While traditional markets wavered, certain cryptos like Solana and XRP were surprised. Their performances are no coincidence. Today, they have captured the attention of investors seeking new digital safe havens.
In Brief
Solana reaches 7.4 billion dollars in open interest, signaling a strong speculative appetite.
XRP jumps 10% following its inclusion in the official Nasdaq crypto index.
Volumes on Solana DEXes drastically drop, weakening a sustainable and solid rebound.
Ryan Lee mentions an institutional surge towards XRP, driven by real payment use cases.
Solana: When Futures Brush the Peaks
Solana news: The SOL token has crossed a critical threshold. With an open interest reaching 7.4 billion dollars, Solana hit its highest level in two years. This surge, linked to futures positions, reflects growing institutional interest. Yet, the signals are not all positive.
Indeed, the volume of decentralized exchanges (DEX) on Solana collapsed to 10.5 billion per week, compared to 29.2 billion a month ago. Despite this, speculation around a potential ETF boosts prospects.
XRP: A Surprise Rally Fueled by Indexes and ETF Hopes XRP jumped 10% over a weekend, breaking significant technical resistances. This rare performance in a tense context was driven by major events. Firstly, XRP was included in the Nasdaq Crypto Settlement Price Index.
Secondly, Ripple introduced a proprietary stablecoin, RLUSD, and boasts 90% coverage of the forex market. A strategic growth lever, supported by a clear vision: to replace the SWIFT system with instant settlements.
Technically, a double bottom seems to have formed around 2.10 dollars. If this structure confirms, analysts expect a return to 2.60 dollars or more. XRP becomes a central piece of the crypto ecosystem, balancing real use and regulated speculation.
Charles Hoskinson Wants to Swap $100M in ADA for Bitcoin & More
Here we go again. Hot on the heels of Polkadot’s proposal to diversify into Bitcoin, Cardano (ADA-USD) co-founder Charles Hoskinson just floated his own $100 million crypto chess move. The idea? Convert a chunk of ADA treasury into Bitcoin and stablecoin, and inject real liquidity into Cardano’s DeFi ecosystem, where stablecoin adoption and user activity still lag far behind rivals like Solana (SOL-USD).
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Hoskinson pitched the plan on a livestream, suggesting that $100 million worth of ADA be swapped into a mix of Bitcoin, USDM, and USDA. The goal is bold: supercharge Cardano’s DeFi scene by pumping up stablecoin activity and kickstarting Bitcoin DeFi on the network.
While it echoes Polkadot’s recent strategic reserve idea, the Cardano twist adds fuel to an already simmering internal debate. Because not everyone’s on board.
Hoskinson Defends the Sale, Blasts Critics
Critics immediately flagged the risk of market impact. But Hoskinson wasn’t having it. He dismissed the concern as noise from “inexperienced” voices. Liquidity, he claimed, isn’t a problem.
“This wouldn’t cause any problems at all,” Hoskinson said, adding that ADA’s depth and trading volume can absorb the move.
That may be true in theory. But a $100 million offload, even via a slow DCA strategy, still raises questions in a market where sentiment can turn on a dime.
Stablecoins Are “Killing Cardano,” Says Hoskinson
In a post on X, Hoskinson got blunt: Cardano’s lagging DeFi and stablecoin footprint is “killing” the network.
Currently, only about 10% of Cardano’s $356 million total value locked (TVL) is in stablecoins. Compare that to Solana’s $9.8 billion TVL and $11 billion in stablecoins, and the contrast stings.
#solanAnalysis $SOL $BTC $XRP DeFi Adding $5B of Solana Buying Power With New Line of Credit
The move will allow the Nasdaq-listed firm to add to its 609,000 SOL stack as of May 16.
What to know:
DeFi Development has secured a $5 billion equity line of credit with RK Capital Management to boost its SOL holdings.
The company is part of the growing trend of publicly-traded firms pivoting to a crypto treasury strategy, accumulating tokens by selling shares and debt.
DFDV shares were up 12% in Thursday U.S. trade.
DeFi Development (DFDV), the Nasdaq-listed firm pursuing a solana
SOL$146.42
treasury strategy, is planning to get some more dry powder to boost its SOL stack.
According to a Thursday press release, the company has secured a $5 billion equity line of credit with RK Capital Management. The agreement allows DeFi Dev to sell shares at its discretion, so long as it meets conditions like filing a resale registration with the U.S. Securities and Exchange Commission. The company said it plans to file the necessary paperwork soon.
We now have the flexibility and structure we need to scale," said Joseph Onorati, Chief Executive Officer. "This is a clean, strategic path to continue growing SOL per share and compounding validator yield."
DFDV shares rebounded from early losses and were up 12% during the Thursday session.
The company, formerly known as real estate tech platform Janover, is part of a growing trend of publicly-traded firms raising funds by selling shares and debt to add cryptocurrencies on their balance sheet, following Strategy's playbook with bitcoin.
The firm focuses on Solana, accumulating the network's native token and operating validators. It held over 609,000 SOL tokens as of May 16, worth $96 million at current prices.
The latest move comes shortly after the firm withdrew a previous filing for a $1 billion share sale, with plans to refile again.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
Prominent market analyst EGRAG Crypto suggests an XRP breakout from a multi-month falling wedge could be imminent.
“Tick tock,” he declared in his recent market commentary, suggesting that time is running out for the bears. While this alone does not provide enough context, the accompanying chart confirms the analyst’s intent.
XRP Trades Within Falling Wedge
Notably, data from the daily chart shows XRP has been trading within a falling wedge for several months. For the uninitiated, a falling wedge is a bullish pattern formed when the price declines within narrowing downward-sloping lines.
XRP has been trading within this structure since it collapsed from the seven-year peak of $3.4 earlier this year. Recall that XRP skyrocketed nearly 600% from $0.5 in November 2024 to $3.4 in January 2025. The resistance it faced at $3.4 led to a pullback.
XRP Attempting Another Breakout
Now, XRP is attempting to stage another breakout. Due to how close this impending breakout is to the tip of the structure, the analyst believes time is now running out.
Data from his chart shows XRP may retest a support box between $1.9 and $2. Nonetheless, such a retest could only allow the asset to grab liquidity at this level, eventually leading to a more explosive recovery. The last time XRP hit $2 was on June 5. What followed was a 10.3% spike over four days.
Chances of a Breakout Continue to Increase
Notably, the longer XRP remains in the falling wedge, the lower the benchmark for a breakout. After a few more days, the asset would need to breach $2.28 to break out of this structure. Should a successful retest occur after a decisive breakout.
While EGRAG failed to provide any price targets for such a breakout, he has in the past consistently suggested that XRP could be headed toward the $20 range. Most recently, he predicted a possible rally to $25 if XRP market cap’s W formation led to a valuation of $1.5 trillion.
#PolkadotAnalysis $DOT $ETH $XRP Should You Buy Polkadot While It's Under $5?
Key Points
Polkadot is aiming to power the next generation of Web3 applications.
The JAM upgrade will make Polkadot more flexible and developer-friendly, paving the way toward full-fledged Web3 apps and services.
Web3 could disrupt giants like Meta Platforms, Alphabet, and Netflix in the future.
Polkadot is shaking up the crypto world. Should you get in while the price is less than $5 per digital coin?
The Polkadot (DOT -6.42%) cryptocurrency is going through some pretty exciting changes these days. The Web3 Foundation's official crypto coin is becoming a distributed supercomputer, ready to provide a wide variety of apps and services. Yet, the coin price keeps falling.
Should you pick up a few Polkadot coins while they're available for less than $5 apiece? I think that's a good idea, and here's why.
Polkadot's big internet ambitions
First things first. Polkadot was designed to support a Web3 future. The social networks and paywalls of the Web2 world were unstoppable over the last 20 years. These days, a lot of web users are getting tired of this aging structure, looking around for new ideas. The Web3 idea is one alternative, bringing more personal freedom and giving content creators more control over their creations. In this system, gigantic hubs of advertising and social media connections are replaced by decentralized services. And Polkadot's app-building ecosystem provides a handy platform to get all the Web3 ideas done in the real world. Meet JAM: The next big step in Polkadot's evolution
So far, Polkadot is mostly known for its ability to interact with other blockchain networks. This coin's smart contracts can tap into Bitcoin's (BTC -2.81%) monetary value storage, Ethereum's (ETH -8.05%) sophisticated contracts, and Chainlink's (LINK -9.00%) real-world data reports, just to name a few.
Ethereum began the week on a strong footing by testing the $2,800 resistance following a 10% rally. However, this suddenly came to a stop in the past 24 hours after Israel bombed Iran. The geopolitical tension pushed the whole crypto market down, and ETH erased much of its recent gains, closing the week with a modest 1% gain.
The price briefly visited the $2,400 support during its recent drop and is hovering around $2,500 at the time of this post. Hopefully, buyers will defend this support level as a breakdown here could open the way to $2,000 next.
Ripple (XRP)
XRP reversed on Monday and turned bearish when it was rejected at the $2.3 resistance. With sellers taking back control, the last four daily candles closed in red, which brought the price back to the $2 support. This is why XRP closed the week in red with a 1% loss.
While this is not too concerning, the support at $2 has to hold if this cryptocurrency hopes to make higher highs later. The current momentum is bearish, but due to the low volume, sellers don’t seem interested in doing much more at this time.
Cardano (ADA)
ADA tried to distance itself from the $0.64 support, but in the past three days, sellers brought it back to this key level, closing the week with a 2% loss.
Ит struggled throughout May and June, and it has not been much better to date. This supports a bearish bias with momentum favoring sellers at this time. The daily MACD also turned bearish today which could put in danger the current support.
Solana (SOL)
Solana gave market participants a brief excitement when its price moved above $152, which used to act as a resistance. However, that did not last, and in the past three days, sellers returned and pushed it under $150.
Hype (HYPE)
HYPE made waves in the past few months, and this week is no different. It made a new all-time high at $44 and closed this week with a 15% gain. This makes it the best performer on our list and across most of the market.
#SHIBDOGE $SHIB $DOGE Forget Shiba Inu and Dogecoin, If You Want A High-Upside Cryptocurrency Buy This New Game-Changer
Crypto markets never sleep—what was hot yesterday might be yesterday's news by next week. Sure, Dogecoin and SHIB had their moment in the sun (who could forget the memes?), but the smart money is now eyeing projects with actual utility.
Imagine sending money across borders without the usual headaches—delays, fees, intermediaries taking their cut. That's Remittix's pitch. Unlike meme coins banking on viral appeal, it's built for real-world use. It facilitates crypto-to-fiat payments, supporting 100+ cryptocurrencies and converting them to fiat in more than 30 currencies across the globe.
The meme coin contenders: SHIB and DOGE
SHIB boasts over 1.5 million wallets—a testament to its cult following. Meanwhile, Dogecoin (DOGE) clings to relevance through tech upgrades and Elon's occasional tweets. But let's be honest: both thrive on momentum, not mechanics. When the hype fades, what's left?
Performance deep dive
Volatility vs. Stability
SHIB and DOGE are rollercoasters—fun for thrill-seekers, less so for those who prefer steady gains. Remember Shiba Inu's price pump in 2021? Spectacular, but unsustainable. Remittix, though, is playing the long game. Its phased token release avoids the wild swings, appealing to investors who'd rather not check charts every five minutes.
Tech and utility: The real differentiator
DOGE runs on nostalgia. SHIB leans on Ethereum's smart contracts. Neither solves real payment inefficiencies. Remittix? It's laser-focused on cross-border transactions—faster, cheaper, and without the middlemen. (Ask any freelancer getting paid internationally; they'll get it.)
Market mood check
Sentiment's split. SHIB holders cling to dreams of Shiba Inu's price reaching "$1 someday," while DOGE fans bet on celebrity endorsements. Remittix, though, is gaining traction among pragmatists. It's not about memes—it's about fixing a broken system.
#Shibainuholder $SHIB $ADA Expert Says Shiba Inu Lead Developer Has ‘Several Aces’ to Drive SHIB to $0.01
Shiba Inu community figure Luis Delgado has shared a motivational message with SHIB holders to reignite their confidence in the token’s potential surge to $0.01.
In a message titled “Reality Check,” Delgado referenced the poker game to illustrate upcoming game-changing moves from Shiba Inu’s lead developer, Shytoshi Kusama.
According to Delgado, Kusama has “several aces up his sleeve” ready for deployment. This suggests that Kusama may soon unveil major announcements, features, and other initiatives.
Delgado asserts that once these hidden initiatives are revealed, they could “turn the game upside down,” potentially enhancing Shiba Inu’s utility, increasing demand, and pushing SHIB’s price to new heights.
Interestingly, Delgado included the hashtag #1CentDreamSHIB in his X post, implying that these upcoming initiatives could contribute to SHIB’s potential price surge toward the ambitious $0.01 target.
Shiba Inu to $0.01?
The one-cent dream has been a long-standing goal for the broader Shiba Inu community. Experts like Delgado and Shiba Inu’s marketing specialist Lucie believe SHIB could reach the $0.01 price point someday. However, skeptics do not expect SHIB to achieve the price milestone due to its enormous supply.
For context, hitting the $0.01 target would require SHIB to grow 78,208% from the current price of $0.00001277. If this happens, Shiba Inu’s market cap could soar to roughly $5.89 trillion, given its enormous supply of 589.5 trillion SHIB. This estimated valuation surpasses the total crypto market cap of $3.39 trillion.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
#RippleXRP $XRP US Declares Ripple’s XRP will Replace the Dollar: Fact Check
The Ripple community is taken by storm with a claim that the U.S. Congress is purchasing XRP at $10,000 and officially adopting XRP in place of the U.S. dollar. It sounds sensationalized, but let’s separate what’s really going on.
Over the past few years, several of the world’s largest nations, particularly those within the BRICS collective (Brazil, Russia, India, China, and South Africa), have begun to break away from using the U.S. dollar for international commerce. This is called “dedollarization.” As part of this process, they’re looking at alternative assets, including cryptocurrencies. And recently, XRP has come into that conversation quite prominently.
In 2024, a user by the name CryptoGeek posted a statement that BRICS could possibly utilize the XRP Ledger to develop a common global digital currency (CBDC). Why XRP, though? It’s fast, affordable, and scalable.
Ripple, the firm driving XRP, has entered partnerships and relationships with various BRICS members through many finance initiatives. Fast forward to today, the same user has posted again, claiming that Congress is buying XRP at $10,000 and declaring it “XRP as the new U.S. Dollar!!”
If BRICS or any major institution were to adopt XRP, it would potentially drive demand and adoption manyfold—usually a driver of price higher. Yet, no such public announcement is made by the U.S. government or Congress stating that XRP is now the new dollar of the U.S. There’s also no news that Congress is purchasing XRP at $10,000.
#XRPRealityCheck $XRP $BTC $ETH $500,000,000 XRP Treasury Plan Announced by Nasdaq-Listed Company:
Corporate XRP adoption is getting more traction with yet another Nasdaq-listed company.
Trident, a Nasdaq-listed tech company based in Singapore, has announced its plans to raise a whopping $500 million for its XRP treasury strategy.
The tokens acquired by Trident will serve as the company's long-term strategic reserves. The rollout of the ambitious XRP plan will commence in the second half of the year. It will depend on such factors as market sentiment and regulatory compliance.
CEO Soon Huat Lim has stressed the company's belief in the transformative potential of blockchain technology.
XRP is emerging as an increasingly attractive option for budding Strategy copycats that are willing to go beyond Bitcoin.
As reported by U.Today, Chinese AI-focused automotive firm Webus International recently filed a $300 million XRP treasury plan with the U.S. Securities and Exchange Commission (SEC).
Similar initiatives of smaller size have also been announced by sustainable energy solutions firm VivoPower and pharmaceutical distribution firm Wellgistics ($121 million and $50 million, respectively). Earlier this week, VivoPower announced that it would deploy $100 million work of XRP tokens on the Ripple-backed Flare network in order to generate yield.
#ShibaInuUpdate $SHIB $AI $ADA Shiba Inu Lead Shares Big News You Might’ve Missed:
Shiba Inu lead Shytoshi Kusama has reacted to the recent partnership between the ecosystem and prominent AI gaming platform TokenPlayAI.
In a June 12 tweet, he drew the attention of the Shiba Inu community to the “big news,” suggesting it is the start of something special. Further, he noted that this was part of a larger-scale artificial intelligence (AI) adoption strategy in the Shiba Inu ecosystem.
Recall that he had teased the idea in his bio, sparking speculations within the Shiba Inu community. For context, he recently updated his bio to an AI-related write-up, stating that he was writing a final white paper exploring AI and Shiba Inu’s role in the new age.

Shiba Inu Secures Partnership with Astra Nova’s TokenPlayAI
Meanwhile, the visionary lead’s reaction comes on the back of the recent collaboration between the ecosystem and TokenPlayAI, an AI-powered gaming platform built by the Astra Nova team. For the uninitiated, Astra Nova is a decentralized gaming platform powered by NVIDIA and driven by artificial general intelligence (AGI).
The Shiba Inu ecosystem’s official X account confirmed the development, which will debut Shib.fun, a gaming platform. TokenPlayAI would launch its seamless, AI-powered protocol on Shiba Inu, allowing games and creators to generate new adventures without the need for coding.
The collaboration will bring the future of Web3 gaming to the ecosystem, positioning Shiba Inu in the next era of on-chain gameplay, as teased by both parties. Players on the TokenPlayAI platform also earn token rewards as incentives for participation.
Moreover, the platform, powered by Alibaba Cloud, is still in its development stage and urges interested parties to join the waitlist. At the time of writing, the website shows that 22,021 entities have signed up, indicating strong interest.
#TrumpTariffs $TRUMP $BTC $XRP Donald Trump: Administration Will Work Toward 'Clear and Simple' Crypto Frameworks
What to know:
President Donald Trump expressed pride in being considered a 'crypto president' during a video address at Coinbase's State of Crypto Summit.
Trump discussed his administration's efforts to support crypto, including the GENIUS Act for dollar-backed stablecoins and a national bitcoin reserve.
Coinbase and Circle executives highlighted the growing role of crypto in the global financial system.
MANHATTAN — U.S. President Donald Trump again touted his crypto bona fides at a conference Thursday, telling an audience it was an "honor" to be considered a crypto president.
Speaking in a 90-second recorded video at Coinbase's (COIN) State of Crypto Summit (no relation to the CoinDesk newsletter with the same name), Trump reiterated comments he's made at other events about ending his predecessor's so-called war on crypto and forming a working group to examine digital assets.
Trump also referenced legislation working its way through Congress.
"My administration is working with governors to pass the GENIUS Act supporting the creation of dollar-backed stablecoins, and we also will be working to create clear and simple market frameworks that will allow America to dominate the future of crypto and bitcoin," he told a filled room to scattered applause.
The Senate's GENIUS Act will go through a procedural vote on Thursday, following a successful effort on Wednesday. Meanwhile, two key House committees advanced a market structure bill on Tuesday.
Trump also noted his executive order on establishing a national bitcoin
BTC$104,555.21
reserve, saying, "we created the US Strategic Bitcoin Reserve and the United States Digital Asset stockpile," though neither has actually been created yet.
Coinbase donated a million dollars to Trump's inaugural fund, and was a major backer of the Fairshake super PAC in the 2024 election. It's already committed tens of millions of dollars to Fairshake for the 2026 election.
#Bitcoinarena $BTC Why is crypto down today? Bitcoin, Ethereum, Solana sink as Israel strikes Iran:
The cryptocurrency market plunged on Friday, June 13, as rising geopolitical tensions in the Middle East rattled investors.
Following news that Israel had launched a major military operation against Iran, digital assets tumbled sharply. The total crypto market capitalization dropped 7% over the past 24 hours to $3.3 trillion.
Bitcoin btc-3.35%Bitcoin declined around 5%, trading at $103,464 as of press time. Ethereum eth-9.18%Ethereum fell 10% to $2,471, while Solana sol-9.87%Solana dropped 11% to $141. XRP xrp-6.25%XRP and BNB bnb-2.88%BNB also lost ground, down 6% and 4% respectively.
Data from CoinGlass shows that crypto liquidations surged 125% in a single day, reaching $1.2 billion. Open interest across crypto futures markets fell 9.7% to $142 billion, while the relative strength index sank to 28, indicating the market had entered oversold territory.
Despite the selloff, the Crypto Fear & Greed Index, compiled by software firm Alternative, remained in the “Greed” zone at 61, though down 10 points from the previous day. The drop in sentiment reflects investor uncertainty, as traders assess the risk of broader conflict.
The market turmoil followed an early morning attack by Israel on Iran. According to a Reuters report, Israeli forces hit multiple high-value targets, including uranium enrichment facilities in Natanz, ballistic missile production sites, and the headquarters of Iran’s elite Revolutionary Guard Corps in Tehran. Iranian state media reported the death of General Hossein Salami and civilian casualties, including children.
Israeli prime minister Benjamin Netanyahu said the strikes marked the beginning of “Operation Rising Lion,” a campaign aimed at neutralizing Iran’s nuclear threat. Israel has declared a state of emergency, closed its main airport, and raised air defenses in anticipation of retaliatory attacks. $SOL $BNB
Best altcoins to buy if Bitcoin hits $1m as Michael Saylor predicts:
Michael Saylor, Strategy’s founder, delivered a bold Bitcoin price prediction this week, saying the cryptocurrency could surge to $1 million within the next few years.
Saylor cited rising demand from institutions and governments, dwindling exchange balances, and the limited supply, just 450 new Bitcoin (BTC) coins mined per day, as key drivers behind his forecast.
Best altcoins to buy if Bitcoin price hits $1M:
A surge in Bitcoin to $1 million would likely trigger broad gains across the crypto market, as altcoins tend to follow Bitcoin’s momentum. Some of the best-positioned altcoins in that scenario are AAVE aave-11.27%Aave, Solana sol-11.05%Solana, and Tron trx-2.69%TRON.
AAVE:
AAVE is one of the top altcoins to buy if Bitcoin surged to $1 million. It is the biggest player in decentralized finance, an industry that Paul Atkins, the head of the SEC supports.
The platform’s growth has accelerated in 2025, with total value locked (TVL) rising to over $27 billion. AAVE is also generating more than $1.5 million in daily fees, while its native stablecoin, GHO, now has a market cap of $218 million.
Tron:
Tron is another top altcoin to buy because of its strong fundamentals. Data shows that it is the second most profitable player in the crypto industry after Tether. It has made over $1 billion in fees this year, much higher than chains like Solana and Ethereum.
Tron is also forming a rounded bottom, which may push it to last year’s high of $0.4493, up by 63% from the current level.
Solana:
Solana is another top cryptocurrency to buy because of its strong fundamentals. It has the most active transactions, with the 30-day figure jumping by 56% to 1.92 billion.
The Securities and Exchange Commission will also likely approve spot SOL ETFs, making it available to Wall Street investors. It also has a staking reward of 8.5%, higher than many chains.
#RippleXRP $XRP Here’s XRP Price if XRPL Handles 14% of SWIFT Volume as Projected by Ripple CEO:
XRP price has the potential to skyrocket to double digits if the XRPL handles 14% of SWIFT volume as projected by the Ripple CEO.
For context, at the 2025 XRPL Apex event in Singapore, Ripple’s CEO Brad Garlinghouse responded to a direct question regarding the future of the XRPL amid growing adoption.
Ripple CEO Predicts XRPL Will Handle 14% of SWIFT Volume in Five Years:
In response, Garlinghouse explained that it’s important to separate SWIFT’s messaging function from its liquidity role. He focused on liquidity, which he believes truly matters for XRP’s growth. Eventually, he estimated that XRPL could take on 14% of SWIFT’s total transaction volume within that time.
While theoretical calculations based on $5 trillion per day over a full year suggest $1.25 quadrillion in volume, real-world usage numbers are lower. Forbes, in a 2023 report, estimated SWIFT’s actual annual transaction volume to be approximately $150 trillion.
Using this more realistic estimate, 14% of $150 trillion equals $21 trillion in yearly volume flowing through the XRPL. So, we asked ChatGPT from OpenAI to break down what this could mean for XRP’s price.
At the time of the question, XRP traded at $2.24, had a market cap of $131.9 billion, and a circulating supply of 58.81 billion tokens. Including the full supply of 100 billion tokens, XRP’s fully diluted market cap would sit at $224 billion.
XRP Price if This Projection Materializes
ChatGPT factored in the potential for speculative interest and institutional participation, which could elevate XRP’s valuation beyond its base utility value. If that demand pushes the market cap to 1.5 times the base value, XRP’s price could hit $17.85. If it doubles the base value, the token might climb to $23.81. $BTC $SHIB
#XRPRealityCheck $XRP Veteran Bitcoin Investor Says XRP Is About to Retire Your Entire Bloodline:
Pumpius, a Bitcoin investor since 2013, has boldly claimed that XRP could be on the verge of delivering generational wealth to its steadfast holders.
In a post on X, he asserted that XRP holders may be close to retiring their entire bloodline, transitioning their families from daily financial struggles to wealth that could span generations.
This bold claim hinges on the belief that today’s XRP investors are still early in the financial revolution the digital asset is leading. As such, they stand to benefit massively once mainstream adoption hits, potentially rewarding early adopters.
Although XRP has continued to underperform Bitcoin in recent times, still trading below its all-time high, ambitious commentators like Pumpius believe a turnaround is imminent.
On Tuesday, Bitcoin reclaimed the $110,000 price range, attempting to establish a new all-time high before slightly cooling off. Meanwhile, XRP’s price held steady at $2.29, roughly the same level it has maintained since last month
“XRP Remains the Greatest Opportunity for Generational Wealth”
While the lack of movement may tempt holders to divest and join better-performing assets like Bitcoin, XRP influencers continue to urge investors to stay the course. They believe the day of reckoning for patient holders is near, and those who exit too soon may have themselves to blame.
Pumpius’s perspective on XRP’s potential to generate generational wealth is a widely shared sentiment.
In a previous disclosure, financial author Linda Jones agreed with a U.K.-based fund manager that XRP offers one of the greatest opportunities for building generational wealth.
What XRP Price Is Life-Changing?
According to millionaire mentor and influencer “The Bearable Bull,” XRP is nearing the end of its generational wealth journey, with $8 as the next key milestone. He believes this marks a turning point for long-term holders who’ve endured years of volatility and legal battles.