XRP to Seize 14% of SWIFTâs Payment Volume in 5 Years, Predicts Ripple CEO
XRP to Seize 14% of SWIFTâs Payment Volume in 5 Years, Predicts Ripple CEO
Rippleâs CEO says XRP is positioned to capture 14% of SWIFTâs cross-border payments market within five years, as liquidity eclipses legacy messaging systems in global finance. XRP on Track to Seize 14% of SWIFTâs Market by 2030, Says Rippleâs CEO Ripple CEO Brad Garlinghouse voiced confidence in XRPâs strategic position in global payments last week [âŠ]
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Macro Takes Over, Bitcoin Takes a Breather
Last week, while headlines screamed of nuclear escalation, trade ruptures, and political drama, Bitcoin held its ground with only a minor pullback. Bitcoin Holds Steady as Macro Heats Up Bitcoin traded up early last week before fading to finish roughly 3.5 % lower than last Friday. Bitcoin and equities stalled last week, as the focus [âŠ]
ZKJ Token Plummets More Than 60% in Flash Crash Amid Rug-Pull Allegations
On June 15, ZKJ, the native token of Polyhedra Network, suffered a sudden and steep collapse, plunging more than 60% from $1.98 to a record low of $0.7625 in just under two hours. ZKJ Revival Short-Lived On June 15, ZKJ, the native token of Polyhedra Network, suffered a flash crash, plummeting by more than 60% [âŠ]
Trump on Middle East Chaos: âItâs Possible We Could Get Involvedâ as Markets Brace for Fallout
On Sunday, June 15, 2025, the crypto economy edged up 0.92%, cruising at a total valuation of $3.29 trillion. Gold ticked higher by 1.37%, and silver posted a modest 0.17% gain against the U.S. dollar over the past 24 hours. Meanwhile, last weekâs stock market momentum faded after an Israeli airstrike on Iran prompted a [âŠ]
Crypto Just Got Pricier In Brazil: 17.5% Tax Kicks In
Brazilâs finance ministry has moved to simplify crypto taxes, swapping a tiered system for a single flat rate. On June 12, Provisional Measure 1303 took effect, scrapping the old break that let residents sell up to R$35,000 (about $6,300) in crypto each month taxâfree. Now, every capital gain from digital assets faces a 17.5% levy. Related Reading: [âŠ]
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Shiba Inu Burn Explodes 3,194%: Can It Change The SHIB Price Trajectory?
Shiba Inu has seen a surge in burn activity, with the burn rate climbing by 3,194% in the last 24 hours. According to data from burn tracker Shibburn, over 521.6 million SHIB tokens were permanently removed from circulation during this period. This sudden and sharp rise in burn rate has raised optimism within the SHIB community, although the tokenâs price action is struggling with bullish sentiment. Large Transactions Dominate SHIB Burn Activity As shown by data from Shiba Inuâs burn tracking website Shibburn.com, the latest burn wave was dominated by a few large transactions. A notable contributor was the wallet address beginning with â0xdb6,â which alone facilitated burns totaling over 500 million SHIB across multiple transactions to the BA-1 burn address. One of its largest single burns reached 310,744,788 SHIB, followed closely by another 107,333,061 SHIB, and then another 103,276,575 SHIB. Related Reading: Billionaire Snaps Up $100 Million Of Trump Coin â Details Other wallets also participated, including â0x28beâ and â0x6176,â with each sending SHIB tokens into various burn addresses such as CA and BA-2. These contributions, although not on the same scale as the primary whale wallet, collectively helped elevate the dayâs total burn count to over 521 million SHIB. Together, these burn events reflect a push within the Shiba Inu community to increase SHIB burns, which had otherwise been short of noteworthy burns in recent weeks. Despite Burn Efforts, SHIB Supply Still Faces Uphill Battle Although 521 million SHIB tokens is a significant figure for a single day, it barely makes a dent in the meme tokenâs vast circulating supply, which currently sits above 589 trillion SHIB tokens. This context relays the challenge faced by the current Shiba Inu tokenomics. Despite periods of aggressive burns like the one witnessed in the past 24 hours, the tokenâs massive supply continues to weigh on its long-term price appreciation goals. However, the spike in burn rate is still a positive signal, particularly from a sentiment standpoint, especially now that the Shiba Inu price is struggling with sentiment. With SHIB currently trading within a tight range between $0.00001225 and $0.0000119, more Shib burns in the rest of the new week could bode well for its price action moving forward. As of the time of writing, Shiba Inu is trading at $0.00001192, down by 1.7% in the last 24 hours. Despite the massive uptick in burn activity, market response is somewhat muted. However, there may be more happening behind the scenes. Related Reading: $57 Million In Crypto And Counting: Trumpâs World Liberty Connection A Shiba Inu community member recently posted on the social media platform X, hinting that the projectâs lead developer, Shytoshi Kusama, still has âseveral aces up his sleeveâ for the Shiba Inu community. Although no further details were shared, past developments like the launch of Shibarium have influenced price trends. Hopefully, any new announcements could reignite interest and drive the Shiba Inu price token to new highs. Featured image from Unsplash, chart from TradingView