Forex Signals Brief June 17: Focus Shifts to BoJ and U.S. Retail Sales Besides War Jitters

Posted on June 17, 2025June 16, 2025 by Skerdian Meta

Markets are showing signs of relief as geopolitical anxiety around the Middle East begins to ease, with investors turning their attention to economic data and central bank signals. Continue reading “Forex Signals Brief June 17: Focus Shifts to BoJ and U.S. Retail Sales Besides War Jitters” →

XRP ETF set to List on Canada’s Stock Exchange

Posted on June 17, 2025 by Olumide Adesina

Purpose Investments is leading the effort to introduce the first-ever XRP ETF on the Toronto Stock Exchange, marking a significant milestone for Canada.

This development provides Canadian investors with a controlled, accessible way to gain exposure to XRP without direct cryptocurrency trading..

The Purpose XRP ETF will provide a range of ticker options to accommodate varying currency preferences, enhancing investor flexibility. Purpose Investments is launching the first XRP ETF in Canada on the TSX with multiple currency options, allowing investors direct access to XRP.

Canadian investors with brokerage accounts can begin trading the Purpose XRP ETF starting June 18 by searching for the relevant ticker symbols, XRPP, XRPP.B, or XRPP.U on their online trading platforms.

This ETF will hold XRP tokens directly, providing investors access to a regulated financial product on the Toronto Stock Exchange that tracks XRP’s price movements. Unlike traditional cryptocurrency purchases, this ETF offers a well-known investment vehicle that can be accessed through regular brokerage accounts, eliminating the need to navigate cryptocurrency exchanges or manage wallets.

Its performance closely reflects the market value of the underlying asset, as XRP is directly backed by the ETF, providing true exposure to XRP price volatility

ETF: Trump Media plans holding Bitcoin, Ethereum

Posted on June 17, 2025 by Olumide Adesina

The US Securities and Exchange Commission received a filing from Trump Media, the US President’s affiliated business that operates Truth Social, Truth+, and TruthFi, plans to create a combined exchange-traded fund (ETF) that would track the performance of the two largest cryptocurrencies by market capitalization.

The financial vehicle will hold Bitcoin and Ethereum, with 75% of its AUM allocated to the leading digital asset and 25% to the largest altcoin.

The news release issued by the Trump Media Group today reaffirms earlier rumors that Crypto.com will be the sole custodian of Bitcoin and Ethereum for the ETF. It will also serve as a “prime execution agent, as well as a staking and liquidity provider.”

The ETF sponsored by Yorkville America Digital will be listed on NYSE Arca, pending authorization by the US SEC.

According to the announcement, the proposed ETF is not a “security” because shares “may not be sold, nor may offers to buy be accepted, before the registration statement is made.”

President Trump has adopted a very different stance on the cryptocurrency sector, and one of the businesses associated with him has filed to introduce a joint Bitcoin and Ethereum ETF, marking another step in the direction of the growing pro-digital asset movements.

Circle (CRCL) on Rampage, up 400% since Market Launch

Posted on June 16, 2025 by Olumide Adesina

Circle (CRCL) surged by nearly 20% on Monday, reaching a new intraday high and extending the stablecoin issuer’s explosive growth following its successful initial public offering earlier this month.

The stock rose to $165 before reversing gains as investor interest in stablecoins, building on Friday’s 25 percent spike, Circle has increased by about 400 percent since its eagerly awaited public market debut on June 5 at $31 per share.

Circle is the issuer of the dollar-backed stablecoin USDC (USDC-USD). By the end of the first quarter, the company’s total amount of tokens in circulation was $60 billion. With almost $150 billion in circulation, Circle is the second-largest stablecoin issuer after Tether.

The Trump administration’s efforts to create a framework supportive of cryptocurrencies, along with the president’s business involvement in the industry, coincide with Circle’s successful initial public offering

Trump Media and Technology Group (DJT) filed with the Securities and Exchange Commission on Monday to introduce an exchange-traded fund that invests in bitcoin (BTC=F) and Ethereum.

Investors’ excitement is strong as the Senate prepares for a final vote on legislation regulating stablecoins this week. “Stablecoins have brought mainstream attention back to the underlying global rail — the blockchain, and its transformative potential over the long decade,” wrote Gautam Chhugani, an analyst at Bernstein, in a note on Monday. Chhugani anticipates that by the end of this summer, the Stablecoin GENIUS Act will be the first bipartisan bill to be passed.

Forex Signals Brief June 16: BOJ, Fed, BOE, SNB Meet, but Eyes on Middle East

Posted on June 16, 2025June 15, 2025 by Skerdian Meta

This week’s forex calendar is packed with critical central bank decisions and inflation reports, but ongoing tensions in the Middle East will continue to overshadow fundamentals in the short term. Continue reading “Forex Signals Brief June 16: BOJ, Fed, BOE, SNB Meet, but Eyes on Middle East” →

Metaplanet holds 10,000 Bitcoin after latest acquisition

Posted on June 16, 2025June 16, 2025 by Olumide Adesina

The Japanese investment firm Metaplanet announced that it has reached its goal for this year by acquiring 1,112 Bitcoin for about $117 million, raising its total holdings to 10,000 Bitcoin. At the same time as the announcement, the board approved a $210 million bond issuance to the Cayman Islands-based investment firm EVO Fund.

These interest-free bonds, which mature in December, are included in the company’s regulatory filing, which states that the proceeds from the bond sale will be used to purchase Bitcoin. Metaplanet did not clarify whether the 1,112 BTC was bought before or after the funds were received, although the timing suggests that the two events are closely related.

As of Sunday, “we hold 10,000 $BTC acquired for ~$947 million at ~$94,697 per bitcoin,” according to a post by CEO Simon Gerovich. CoinMarketCap data indicates that on Monday, the price of Bitcoin was $105,521.

Metaplanet is committed to accumulating 210,000 BTC by 2027 after rebranding from a hotel and technology company to a Bitcoin treasury in 2024. The company stated in January that it would use “accretive capital market tools” to finance its plans to increase its holdings by 470 percent this year to achieve the 10,000 BTC milestone.

The company’s board of directors also approved issuing the 18th series of ordinary bonds with a zero percent interest rate to the EVO FUND. The bonds are expected to mature on December 12 of this year, and the proceeds will be used to purchase more Bitcoin.

It projected that the bond issuance would not significantly impact the company’s consolidated financial results for the fiscal year ending in December 2025. “We will promptly provide an update if any material impact on our financial performance or other matters arises,” the statement reads.

Ripple: XRP Faces Blood Bath

Posted on June 16, 2025 by Olumide Adesina

Several factors have contributed to XRP’s tepid momentum, creating persistent selling pressure this month. Among the main motivators are technical breakdown patterns; XRP confirmed a bearish head-and-shoulders formation that predicts additional declines toward $2.

The token has struggled to maintain momentum above the crucial $2.2 support level, resulting in numerous rejections and declining buyer confidence. If its 50-day EMA rejects it, XRP may continue to fall and retest its next daily support level at $1.96.

A strong bearish momentum is evident on the daily chart, with the RSI at 45, below its neutral level and trending downward. Additionally, the MACD indicator on the daily chart has displayed a bearish crossover, signaling a sell-off and a downward trend.

Reputable financial institutions such as Standard Chartered provide the most reliable predictions, projecting that XRP might likely reach $5.50 by the end of 2025, mainly due to expected ETF approvals and increased interest.XRP may soon challenge its all-time high resistance level of $3.4 if investor confidence gains momentum.

Factors such as Judge Torres’ decision, the SEC’s appeal strategies, and ETF-related news will influence XRP’s short-term prospects. A breakout above $2.2 might indicate a move towards the 50-day EMA.

A sustained move through the 50-day EMA could lead to $2.5 and the high of $2.68 on May 12. However, if the 200-day EMA declines, the bears might target sub-$2 and the $1.9 support level.

XRP Price Prediction: Traders Follow Today’s SEC Deadline – Will Ripple Be Set Free?

Posted on June 15, 2025June 17, 2025 by Skerdian Meta

Ripple maintains its stability above significant support as institutional demand for XRP rises and the high-stakes legal battle between Ripple and the SEC approaches a pivotal decision point that might alter the token’s future. Continue reading “XRP Price Prediction: Traders Follow Today’s SEC Deadline – Will Ripple Be Set Free?” →

Micheal Saylor plans Buying More Bitcoin

Posted on June 15, 2025June 15, 2025 by Olumide Adesina

Strategy co-founder Michael Saylor posted a Bitcoin chart indicating an upcoming BTC purchase by the company despite the ongoing conflict in the Middle East, which could shake global financial markets when they open on Monday.

The company made its most recent Bitcoin purchase with a comparatively modest acquisition of 1,045 BTC worth roughly $110 million, increasing its total holdings to 582,000 BTC.

SaylorTracker data shows that Strategy’s return on investment has grown by more than 50%. In fiat currency, this translates to unrealized capital gains of over $20 billion.

Saylor’s announcement of an impending Bitcoin acquisition underscores investor confidence in BTC. After escalations by both nations over the weekend, investors are keenly observing how the financial system will respond when markets open on Monday in light of the Israel-Iran conflict and the prevailing uncertainty surrounding global financial markets.

US President Donald Trump warned Tehran against attacking any US targets and asserted that the war could be resolved easily, leading to new attacks between Israel and Iran overnight into Sunday.
Israeli rescue teams searched for survivors using flashlights and sniffer dogs as they combed through the debris of residential buildings destroyed in strikes after authorities reported that at least seven people, including children, had been killed.

The nuclear talks that Washington claimed were the only means to stop Israel’s bombing have been canceled by Tehran.

Prime Minister Benjamin Netanyahu has stated that Israel’s current attacks pale in comparison to what Iran will experience in the coming days. Trump declared in a message on Truth Social that “the full strength and might of the US Armed Forces will come down on you at levels never seen before if we are attacked in any way, shape, or form by Iran.”

He further stated that we can easily reach an agreement between Israel and Iran to put an end to this brutal war.

Trump provided no information about a potential agreement. Iran claims that 78 people were killed on Friday, the first day of Israel’s campaign, with more casualties reported, including 60 who died when a missile destroyed a 14-story apartment building in Tehran, 29 of whom were children

US Government charged 5 men for $37 million Crypto Fraud

Posted on June 15, 2025 by Olumide Adesina

Five men have pleaded guilty to their involvement in laundering over $36,9 million from victims of a global conspiracy involving cryptocurrency investment scams.

Funds were taken from U.S. investors through offshore accounts, shell corporations, and digital asset wallets, deceiving them. California residents Shengsheng He, 39; Jose Somarriba, 55; and Joseph Wong, 33, all pleaded guilty to the U.S. Department of Justice (DOJ). Yicheng Zhang and Jingliang Su also admitted to misconduct.

According to a DOJ press release issued on June 9, these individuals were part of a criminal network that took money from victims in the United States while posing as cryptocurrency investors.

Co-conspirators located abroad convinced the targeted individuals to transfer money under the pretense that they were investigators after contact was made.

Nevertheless, the money went into accounts owned by the criminals. Over $36,9 million was transferred from their U.S.-based holdings into an independent account at Deltec Bank, which is registered under the name Axis Digital Limited in the Bahamas. Su joined them as a director after Somarriba, and He co-founded Axis Digital and opened the Deltec account.

Together, they instructed the bank to exchange the pilfered funds for USDT.

The three subsequently transferred the converted money to a wallet controlled by anonymous individuals in Cambodia, who sent it to anonymous individuals operating “scam centers” throughout the area, including one in Sihanoukville. Wong oversaw a network of money launderers in Los Angeles, who established U.S. bank accounts and transferred money overseas.

Zhang and Wong admitted to conspiring to launder money and could spend up to 20 years behind bars. He, Su, and Somarriba all acknowledged conspiring to run an unlicensed money services company, a crime that carries a maximum sentence of five years.