The SEC’s review of the Franklin XRP ETF comes amid rising institutional confidence in XRP, underscoring its evolving market maturity and accelerating push for crypto-backed ETFs. SEC Reviewing Franklin XRP ETF Proposal as Confidence Grows in XRP Market Structure The U.S. Securities and Exchange Commission (SEC) announced on June 17 that it has initiated proceedings […]

SEC Reviews Franklin XRP ETF Proposal in Key Step Toward Potential Approval

Wall Street’s digital revolution accelerates as JPMorgan launches JPMD on 
Base, merging commercial banking with public blockchains to unlock instant 
institutional liquidity. Wall Street Goes Onchain as JPMorgan Unleashes Game- 
Changing JPMD Token on Base JPMorgan Chase &amp; Co. revealed on June 17 that it 
will launch a pilot for JPMD, a digital deposit token representing […]

JPMorgan Brings Banking Onchain With Coinbase—JPMD Pilot Goes Live on Base

DDC Enterprise and Fold Holdings have confirmed raises worth a total of $778 
million as a biotech firm said it would raise $50 million to add HYPE as a 
treasury asset.

Bitcoin and HYPE could get $844M total windfall from 4 public US firms

XRP price started a fresh decline below the $2.20 zone. The price is now 
consolidating losses and might decline further below the $2.150 zone. XRP 
price started a fresh decline below the $2.20 zone. The price is now trading 
below $2.20 and the 100-hourly Simple Moving Average. There was a break below 
a key bullish trend line with support at $2.180 on the hourly chart of the 
XRP/USD pair (data source from Kraken). The pair might start another decline 
if it trades below the $2.120 support zone. XRP Price Dips Again XRP price 
failed to continue higher above the $2.280 level and reacted to the downside, 
like Bitcoin and Ethereum. The price declined below the $2.250 and $2.220 
support levels. Besides, there was a break below a key bullish trend line with 
support at $2.180 on the hourly chart of the XRP/USD pair. The pair tested the 
$2.150 support A low was formed at $2.1425 and the price is now consolidating 
losses below the 23.6% Fib retracement level of the recent decline from the 
$2.335 swing high to the $2.145 low. The price is now trading below $2.220 and 
the 100-hourly Simple Moving Average. On the upside, the price might face 
resistance near the $2.1880 level. The first major resistance is near the 
$2.20 level. The next resistance is $2.240 or the 50% Fib retracement level of 
the recent decline from the $2.335 swing high to the $2.145 low. A clear move 
above the $2.240 resistance might send the price toward the $2.280 resistance. 
Any more gains might send the price toward the $2.320 resistance or even 
$2.350 in the near term. The next major hurdle for the bulls might be $2.40. 
More Losses? If XRP fails to clear the $2.220 resistance zone, it could start 
another decline. Initial support on the downside is near the $2.150 level. The 
next major support is near the $2.120 level. If there is a downside break and 
a close below the $2.120 level, the price might continue to decline toward the 
$2.050 support. The next major support sits near the $2.020 zone. Technical 
Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the 
bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is 
now below the 50 level. Major Support Levels – $2.150 and $2.120. Major 
Resistance Levels – $2.20 and $2.220.

XRP Price Slides Under Support Level, Selling Pressure Intensifies

BBVA is advising affluent clients to allocate up to 7% of their portfolios to 
crypto just months after it received permission to offer crypto trading.

Spanish bank BBVA suggests clients make 7% crypto allocation

Tether acted swiftly Sunday when it froze $12.3 million worth of USDT on the 
Tron blockchain. Based on reports from Tronscan, this step targets wallets 
allegedly linked to money laundering and sanctions evasion. The company has 
not issued a public statement yet, but on‑chain data left little room for 
doubt. Related Reading: Amid Bitcoin Hype, Seasoned Trader Predicts Sudden 
Drop To This Level T3 Financial Crime Unit Shows Muscle According to Tether, 
its T3 Financial Crime Unit (FCU) partners with Tron and TRM Labs to track 
suspect transactions in real time. Since late 2024, the FCU has frozen over 
$126 million in questionable assets. In the last quarter of that year alone, 
$100 million was blocked. This suggests a sharp uptick in enforcement efforts 
just as regulators worldwide tighten the screws. LATEST: Tether freezes $12.3M 
in $USDT tied to suspicious TRON addresses. pic.twitter.com/WJr2ApEfyp — 
MrRebel.eth (@rebelethpromos) June 16, 2025 Targeting High‑Risk Entities On 
Sanctions List Following regulatory synchronization with the US Treasury&#8217;s 
Office of Foreign Assets Control (OFAC), Tether regularly blacklists wallets 
associated with sanctioned entities. Individuals on the Specially Designated 
Nationals (SDN) list are the natural targets. In March 2025, for example, 
Tether froze $27 million worth of USDT on the Russian-linked exchange Garantex 
following the EU&#8217;s 16th package of sanctions. Garantex later suspended 
services and claimed that over 2.5 billion rubles of user funds were held up. 
Lazarus Group Faces $374K Blacklist Reports show that North Korea’s Lazarus 
Group has moved more than $3 billion in stolen crypto since 2009. In November 
2023, Tether blacklisted $374,000 in USDT tied to Lazarus‑associated 
addresses. Other stablecoin companies joined together to lock up $3.4 million 
in identical wallets. These numbers highlight how large issuers can upset 
state-sponsored hacking groups. Diversifying With Gold Royalties Tether 
diversified beyond digital currency on June 12, 2025, by buying a 32% equity 
stake in Elemental Altus Royalties. The deal involved the purchase of over 78 
million shares at CAD1.55 per share, valued around $89 million. Related 
Reading: Record‑High Ethereum Open Interest Signals Institutional Confidence 
This move to become a public gold royalty company shows Tether&#8217;s commitment to 
backing its stablecoin with real assets. It also shows an effort to appease 
risk-averse regulators that demand strong reserves. A Dual Approach To 
Stablecoin Governance As per Tether executives, this combination of tough 
enforcement and asset diversification can become a new benchmark. By freezing 
criminal funds and backing USDT with real-world value, Tether aims to 
strengthen confidence in its stablecoin. Featured image from Unsplash, chart 
from TradingView