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Public firms around the globe have been piling into Bitcoin this year. According to Blockware Intelligence, the number of public companies holding Bitcoin jumped by 120% in 2025.

That surge brought the total to 141 firms. And by the end of 2025, at least 36 more are expected to add Bitcoin to their balance sheets. That would represent a 25% boost from today’s numbers.

Rising Tide Of Corporate Bitcoin Adoption

Based on reports from Blockware’s Q3 2025 market update, three dozen new entrants could join the so‑called “Bitcoin Treasury Companies” over the next six months. These firms act as a bridge between traditional markets and the crypto world.

In the first half of the year, companies big and small added more than 159,107 BTC to their books, setting a new record for corporate crypto purchases.

Big Names Still Lead The Pack

The top spot remains with US President Donald Trump’s favorite crypto advocate Michael Saylor’s Strategy, which holds a staggering 597,325 BTC.

That figure is roughly 12 times what second‑place MARA Holdings owns, at about 50,000 BTC. Those two alone account for most of the Bitcoin held by public companies.

Some Players May Be Taking A Risk

Blockware points out that many newcomers are either brand new companies or ones that face tough business challenges.

For firms with low growth or shrinking markets, parking cash in Bitcoin at an estimated 40 to 50% compound annual growth rate can look more appealing than running a struggling operation. But that choice comes with its own risks.

Corporate Bitcoin Growth Faces Warning Signs

Glassnode’s lead analyst James Check sounded an alarm on July 4, warning that the easy upside might already be gone for latecomers. Venture firm Breed outlined a “death spiral” risk for companies trading close to net asset value.

Some crypto traders echoed that view, saying these firms will be tested in the next bear market, especially if NAV premiums start to slip.

For now, the move toward Bitcoin is very real. Larger, well‑capitalized companies may weather the ups and downs better than smaller players.

Investors and analysts will be watching how these treasuries perform when markets cool off. If premiums hold, new entrants could keep the momentum going. If not, some balance sheets may face a rough ride.

Featured image from Pexels, chart from TradingView

Pump.fun’s long-anticipated public token sale concluded in a mere 12 minutes, and investors snapped up the full 12.5% of its 1 trillion‑token supply in a quick move. The event raised a total of $500 million from the sale of 125 billion PUMP tokens priced at $0.004, which accounts for 12.5% of the total 1 trillion token supply. 

$500 Million Raised In Just 12 Minutes

The Pump.fun ICO has officially become one of the most explosive token launches of the year after raising $500 million and closing out its sale in just 12 minutes. The Solana-based memecoin launchpad stunned the crypto community this Saturday with an explosive public token sale offering that distributed 125 billion PUMP tokens, which amounts to about 12.5% of the total 1 trillion supply at $0.004 apiece. This complete sale brings the PUMP tokens to a fully diluted valuation (FDV) of $4 billion.

Investors participated in the ICO by buying directly on the Pump.fun official token website or any of the project’s multiple centralized exchanges, which include Bybit, KuCoin, Bitget, Kraken, Gate.io, and MEXC. According to a dashboard on the official website, $448.5 million worth of PUMP tokens were purchased on the website, $5 million worth were purchased on Gate, $30 million worth were purchased on Kraken, and $16.5 million worth of tokens were purchased on KuCoin.

Image From Pump.fun

Buyers can expect PUMP tokens to be distributed within the next 48 to 72 hours, but transfers will be temporarily disabled during this window. Transfers will be enabled immediately after the distribution is complete. Nonetheless, pre-market activity suggests strong bullish sentiment. The quick sellout indicates that the crypto could surge massively in the first few trading sessions after launch, as long as the market is still in its current bullish state at the time it launches.

Mixed Reactions After Quick Sellout

The earliest that PUMP could become tradable and accessible for US and UK users is Monday, July 14. Notably, PUMP’s pre-listing price surged to as high as $0.006989 on Hyperliquid after the sale. Although it dropped after this peak, it has recovered a bit and is now around $0.006989. 

Notably, the project’s post of the sellout on the social media platform X was met with mixed reactions, as shown in the comments. Supporters celebrated the event, but not everyone was impressed. Some users voiced frustration over exchange issues that prevented them from completing their purchases during the short 12-minute window, while others raised questions about token distribution fairness, especially considering the discrepancy between the 33% supply initially promised for the ICO and the 12.5% that was ultimately offered in the public sale.

Image From Pump.fun

One trader reportedly opened a huge short position on Hyperliquid on $PUMP using 2x leverage with $8 million in USDC. The position is already about $800,000 in the red and is steadily approaching liquidation at $0.0085.

Featured image from Unsplash, chart from TradingView

Satoshi Nakamoto, the anonymous creator of Bitcoin, ranks as the 11th richest person on earth if you count his unspent coins as a liquid fortune.

He holds about 1.096 million BTC, which works out to roughly $129 billion based on figures from Arkham Intelligence. That would edge him just ahead of Michael Dell’s $125 billion and leave him trailing Sergey Brin’s $140 billion.

Satoshi’s Fortune In Figures

According to Arkham Intelligence, those 1.096 million BTC have not moved since they were mined in Bitcoin’s early days. At today’s price, they sit at about $129.23 billion.

For context, that sum would slot Satoshi above Dell and below Brin on a real‑time billionaire list. That list doesn’t officially include Satoshi, but plugging his holdings into Forbes’s tracker paints a clear picture of where he’d fall.

Bitcoin’s price has hovered near $118,000 in recent sessions. If it stays there, Satoshi’s stake remains paper wealth—there’s no sign he plans to sell. Oiling those coins into the market could crash prices, so his fortune may stay stuck at the top of a ledger rather than in a bank.

Price Target At $400,000

Based on reports from an anonymous trader known as apsk32, Bitcoin could climb to $400,000. That call comes from a three‑plot model comparing Bitcoin’s market cap to gold’s history. Gold once peaked at $3,500 an ounce, and apsk32 argues Bitcoin follows a similar pattern when you measure both in units of gold.

The first plot in the model traces gold’s price per ounce over time. The second shows Bitcoin’s market cap plotted against those gold‑based values. A straight trend line emerges, which apsk32 ties to Metcalfe’s Law—a theory that network value grows roughly with the square of its users.

The third plot is a log chart, similar to Bitcoin’s well‑known Rainbow chart, but it layers on “years‑ahead” support bands from zero to five years ahead of the implied price line.

Model And Market Caveats

According to that framework, Bitcoin has never pierced the five‑years‑ahead band, even in past bubbles. Right now, the one‑year‑ahead line sits near $400,000.

If history holds, BTC could respect that band as a ceiling or floor, depending on market mood and macro factors like Federal Reserve policy or global demand.

Even if Bitcoin did hit $400,000, that jump represents more than a 200 % rise from today’s levels. Forecasts are guesses dressed up in charts. They help spot possible paths, but markets often surprise everyone.

Featured image from Getty Images, chart from TradingView

The US spot Ethereum ETFs have logged another bullish week, attracting over $900 million in inflows and extending their winning streak to nine consecutive weeks. This development comes amidst the general crypto price rally during which Ethereum (ETH) prices surged to over $2,800.

Ethereum ETFs Hit Highest Weekly Netflows

In the past week, Ethereum registered a remarkable weekly gain of 16.22%. During this period, data from the ETF tracking site SoSoValue shows the Ethereum ETFs registered net deposits of $907.99 million, representing their largest weekly inflows since their launch in July 2024. Before this development, the highest inflows stood at $854.85 registered in the second week of December 2024 amidst the popular crypto bull run.

Of the ATH weekly inflows, BlackRock’s ETHA attracted a resounding $675 million, reflecting an unrivalled market dominance similar to its Bitcoin counterpart. ETHA now boasts $6.14 billion in assets under management, representing 45.38% of the total net assets of spot Ethereum ETFs.

Meanwhile, Fidelity’s FETH and Grayscale’s duo – ETH and ETHE, also recorded significant net deposits valued at $87.04 million,  $73.53 million, and $36.64 million, respectively. On the other hand, Bitwise’s ETHW, VanEck’s ETHV, 21 Shares’ CEZT, and Franklin Templeton’s EZET all saw modest inflows ranging between $5 million – $16 million.

However, Invesco’s QETH saw another week of negative netflows as this particular continues to suffer an epileptic performance. Following this week, the cumulative inflows of spot Ethereum ETFs now stand at $5.13 billion, despite ETHA’s singular inflows of $6.47 billion due to significant withdrawals valued at $4.26 billion from the Grayscale ETHA.

In addition, the total net assets of these ETFs are now valued $13.53 billion, representing a 24.93% increase from the previous week. Interestingly, these figures indicate that the spot Ethereum ETFs now account for 3.77% of the total Ethereum market cap. Meanwhile, Ethereum continues to trade at $2,964 following a 0.11% decline in the past day.

Altcoins ETF Race Underway

In other news, other prominent altcoins aside from Ethereum are likely to soon debut in the US Spot ETF market. Notably, asset managers have submitted a host of altcoin-affiliated ETF applications to the US Securities and Exchange Commission (SEC), looking to replicate the success of the Ethereum and Bitcoin ETFs, in attracting a weighty institutional interest to the crypto market.

Presently, there are over 70 crypto ETF filings looking to grant investors access to Solana, Dogecoin, XRP, Cardano, Litecoin, among other cryptocurrencies. It is likely the SEC will keep issuing a delay on its responses till the final deadline, most of which comes around October.

Featured image from Pexels, chart from Tradingview

Binance co-founder and former CEO Changpeng “CZ” Zhao has dismissed a recent Bloomberg report tying him to a stablecoin launched by World Liberty Financial (WLF), one of the crypto entities linked to United States President Donald Trump. The prominent crypto figure accused Bloomberg of defamation and threatened to drag the firm to court for the second time in the past three years. 

Binance CEO Threatens To Sue Bloomberg Again

In a July 11 report, Bloomberg claimed that the world’s largest crypto exchange, Binance, helped design the smart contract code behind the WLF stablecoin (USD1). The report also mentioned how USD1 was allegedly used in a $2-billion investment deal involving an Abu Dhabi-based firm.

CZ, who pleaded guilty to one felony count as part of a settlement deal with the US Department of Justice, recently reported that he was seeking a federal pardon from President Trump. Bloomberg implied in Friday’s report that the Binance co-founder sought a pardon after the exchange facilitated a large transaction using WLF’s stablecoin — hinting at a possible conflict of interest.

Zhao responded on X:

FUD. Bloomberg just wrote another hit piece (sponsored by a competitor) containing so many factual errors I don’t even know where to begin. Might have to sue them again for defamation.

In his post on X, CZ referenced a previous legal dispute with Bloomberg, who wrote an apology to the Binance co-founder and donated an agreed sum to a Special Education Foundation in 2024. We have journalistic standards that should, and will, be better. “To that end, we will not publish or make any allegations to the same or similar effect, in any manner whatsoever,” a part of the apology read. 

It appears that the former Binance CEO will be following a similar path soon, suing the finance behemoth for defamation for the second time in a few years.

Is CZ Being Targeted?

It appears Bloomberg is not the only financial media company to have recently published a “hit piece” on CZ. The Wall Street Journal (WSJ) published an article in May, claiming that Zhao helped “facilitate” some introductions for the Trump family’s World Liberty Financial’s foreign travels.

At the time, CZ denied being a fixer and connecting the WLF’s foreign travel team to a certain Mr. Saqib. According to the Binance co-founder, he and the entire crypto industry are being targeted by certain forces who do not want the success of the digital asset sector in the United States.

The US-based spot Bitcoin ETFs (exchange-traded funds) have continued their impressive form in the past few weeks, recording just one outflow day since June 9, 2025. As such, the crypto-linked investment products have witnessed a significant influx of capital in recent weeks.

The Bitcoin ETFs, however, witnessed the inflow of an unprecedented amount of capital to close the past week. This significant investor activity came as the price of the premier cryptocurrency forged multiple new all-time highs in the space of a few days. 

Bitcoin ETFs Record $2.72 Billion In Past Week: Report

According to the latest market data, the Bitcoin ETFs in the United States posted a total net inflow of $1.03 billion on Friday, July 11. This outstanding performance marked the second straight day of a 10-figure capital influx for the crypto-based investment vehicles.

Unsurprisingly, BlackRock’s iShares Bitcoin Trust (with the ticker IBIT) witnessed the largest net inflow, adding $953.52 million in value to close the week. This strong performance emphasizes the asset manager’s growing dominance in the crypto ETFs industry — as IBIT also recently became the fastest ETF to hit $80 billion in assets under management.

ARK 21Shares Bitcoin ETF (ARKB) came in second place, registering a net inflow of $23.51 million on Friday. Grayscale’s Bitcoin Mini Trust (BTC) and VanEck’s Bitcoin exchange-traded fund (HODL) also managed to post eight-figure inflows, with $20.93 million and $20.01 million, respectively.

Bitwise’s Bitcoin ETF (BITB) and Invesco’s fund (BTCO) were the only other funds to record positive inflows to close the week. BITB and BTCO posted $6.41 million and $5.3 million, respectively, on the day. It is worth noting that the other Bitcoin ETFs didn’t witness any net activity.

As earlier mentioned, the US Bitcoin ETFs registered over a billion-dollar net inflow for the second consecutive day — for the first time since launching in January 2024. These performances in the past two days pushed the weekly record to around $2.72 billion, the fifth-largest weekly inflow.

Bitcoin Price Overview

The direct relationship between the Bitcoin price and the US Bitcoin ETFs’ inflows continued in the past week. On both days when the funds witnessed a billion-dollar capital influx, the price of BTC experienced a significant price surge, reaching a new all-time high of around $118,700.

As of this writing, the price of Bitcoin sits around $117,332, reflecting a 0.3% decline in the past 24 hours. Nevertheless, the value of the flagship cryptocurrency is still up by more than 8% in the past seven days.

Dogecoin (DOGE) is predicted to be on the edge of a fresh breakout as its price action replicates the same bullish wave that preceded its explosive rally in late 2024. After months of sideways movement and bearish pressure, the number one meme coin is showing renewed strength, hinting at the start of a significant upward cycle that could propel its price beyond the long-anticipated $1 target.  

Dogecoin Predicted To Surge 591% To $1

According to a freshly released analysis by TradingView analyst Master Ananda, Dogecoin is exhibiting strong technical patterns that closely mirror its last major bullish breakout from November 2024. The analysis shows that it’s been over 217 days since the meme coin last delivered a powerful rally, yet it now stands at the brink of another explosive move. The projected Fibonacci extension targets place DOGE as high as $1.168, which would represent a 591% increase from current levels. 

Notably, after the prolonged bear market that began following Dogecoin’s 2021 all-time high, the meme coin showed signs of life in early 2024, but the real momentum arrived late in 2024. This same setup is reemerging in mid-2025 in the current cycle. Since March, Master Ananda revealed that Dogecoin’s price action has entered a quiet phase with no significant gains but also no deep corrections, establishing a relatively stable foundation. 

Notably, between May and June, the meme coin faced over eight weeks of bearish pressure, yet it maintained a critical mid-term higher low, signaling strength and accumulation. Over the last three consecutive weeks, Master Ananda’s chart shows that Dogecoin has printed green candles, and this week’s full-bodied green candle at the top signals that a breakout may be imminent. 

The chart analysis draws clear parallels to October 2024 and early 2021—periods of low volatility that preceded parabolic rallies. If history repeats, Dogecoin could once again deliver astonishing returns, with predictions suggesting a rise to and beyond $1. Key Fibonacci resistance levels have been spotted around $0.212, $0.313, and finally, $0.394. 

Dogecoin Targets $0.349 After Breaks Above EMA89

In a subsequent analysis report, Master Ananda revealed that Dogecoin has confirmed the start of a long-term bullish trend after successfully closing above the EMA89, signaling fresh growth and a shifting market structure in favor of bulls. Notably, this critical resistance level has been represented by the blue-dotted line on the daily chart. 

The TradingView analyst has noted that the next key level to watch is the EMA233, which, once broken with a daily close, will further confirm sustained upward momentum and a complete transition into a long-term bullish phase. Dogecoin is currently trading around $0.2, with near-term targets set at $0.265 and $0.349. Both of these targets align with significant Fibonacci resistance zones and recent structural highs. 

Featured image from Getty Images, chart from TradingView

According to the latest report, Anatoly Legkodymov, co-founder of crypto platform Bitzlato, has officially requested a pardon from United States President Donald Trump. Legkodymov, a Russian national, was arrested and charged with operating an unlicensed money transmitting business through his cryptocurrency platform, Bitzlato.

After his arrest in January 2023, Legkodymov submitted a guilty plea to one charge of running an unlicensed money-transmitting business in December 2023. On July 18, 2024, a US Judge sentenced the defunct crypto exchange co-founder to time served after spending 18 months in detention at Brooklyn’s Metropolitan Detention Centre (MDC).

Co-Founder Seeks Pardon To Avoid French Extradition? 

In a July 11 report by a Russian media outlet, Ivan Melnikov, vice president of the Russian branch of the International Committee for Human Rights, revealed that Legkodymov has officially asked Trump for a federal pardon. According to Melnikov, this move comes as the French authorities try to extradite the Bitzlato co-founder to France.

Reports suggest that the French authorities are trying to extradite Legkodymov to face similar charges of operating an unlicensed money-transmitting business. The Russian engineer faces up to 20 years in France for allowing the transfer of significant funds connected to cyber crimes and attacks.

Melnikov told the Russian outlet:

Anatoly is not a criminal; he became a target in a political campaign against the crypto market and talented Russian programmers. His decision to ask for a pardon is based on the hope that the US will return to a more balanced and fair approach to digital finance, and that the US and Russia will gradually build dialogue.

This request might be more strategic than random, considering that Trump has issued roughly 58 presidential pardons since taking the Oval Office in January. Notably, the US President pardoned the Silk Road founder Ross Ulbricht, who was facing two life sentences in federal prison.

Has Crypto Completely Won Trump’s Heart?

Ross Ulbricht is only one of numerous crypto figures to have received federal pardons from Trump in the past few months. Four former executives of crypto exchange BitMEX, namely Arthur Hayes, Benjamin Delo, Gregory Dwyer, and Samuel Reed, also received pardons from the president.

Earlier in May, former Binance CEO Changpeng “CZ” Zhao revealed that he applied for a pardon from Trump after serving jail time as part of his plea deal with the US Department of Justice. Recent reports suggest that the CEO of the now-defunct FTX exchange Sam Bankman-Fried is also trying to secure a federal pardon from the US President.

Ripple CEO Brad Garlinghouse has discussed the current state of the stablecoin industry and how much the industry could be worth in the next few years. He also commented on why his firm’s RLUSD stablecoin has the potential to dominate the market at some point. 

Ripple CEO Breaks Silence On Stablecoin Market Growth

In a CNBC interview, the Ripple CEO noted that the stablecoin market is worth around $250 billion and that many predict that it could grow to between $1 trillion and $2 trillion over the next few years. He further remarked that the growth of these stablecoins has been profound. Tether’s USDT currently leads the way with a market cap of almost $160 billion. 

Indeed, experts like the US Treasury Secretary, Scott Bessent, have predicted that stablecoins could reach $2 trillion over the coming years. Bessent also recently alluded to reports that stablecoins could grow into a $3.7 trillion market by the end of the decade. He believes this is more likely with regulations like the GENIUS Act. 

Ripple CEO Brad Garlinghouse is a stakeholder in the stablecoin market, as his firm is the issuer of the RLUSD stablecoin. Garlinghouse admitted that they joined the market relatively late, although they had already been using stablecoins in their payment flows for institutional customers. He indicated that this was what prompted the move to issue the RLUSD stablecoin, in order to serve their clients better. 

Garlinghouse is confident that the RLUSD stablecoin will benefit from the growth ahead, especially as they continue to serve their institutional clients. Meanwhile, the Ripple CEO noted how the stablecoin has already crossed the $500 million market cap milestone in just a few months since its launch. CoinMarketCap data shows that the stablecoin’s market cap is up over 3% in the last 24 hours, reaching $517 million. 

Plans To Grow The RLUSD Stablecoin

As part of the plans to grow the RLUSD stablecoin, Ripple has applied for a national banking license with the OCC. If approved, the company’s stablecoin will be subject to the regulatory purview of the US Office of the Comptroller of the Currency (OCC) and the New York Department of Financial Services (NYDFS). The Ripple CEO stated that the dual nature of that regulation is a new and unique benchmark for trust in the stablecoin market. 

Garlinghouse again commented on this move during the CNBC interview. The Ripple CEO noted that his firm has been focused on compliance and adhering to existing regulations. He suggested that the RLUSD stablecoin is on course to become the most regulated stablecoin, which would give them an edge in the stablecoin market. 

Meanwhile, it is worth noting that Ripple has partnered with BNY Mellon to custody RLUSD’s USD reserves. The crypto firm is confident that this would further build trust in its stablecoin.

The legal team of asset management firm Grayscale called out the United States Securities and Exchange Commission (SEC) on its decision to delay the listing of the firm’s Digital Large Cap Fund (GDLC) on the New York Stock Exchange. 

As Bitcoinist reported earlier, the conversion of GDLC, which contains Bitcoin, Ether, XRP, Solana, and Cardano, into an exchange-traded fund (ETF) was “stayed” indefinitely 24 hours after the SEC’s Division of Trading & Markets approved the fund’s listing.

Grayscale To Petition SEC On Multi-Asset ETF

In a July 8 letter, the Grayscale attorneys expressed their displeasure at the decision of the Office of the Secretary to delay the conversion of the GDLC to an ETF. According to the commission, the purpose of this “stay” decision is to review the delegated action of listing Grayscale’s Digital Large Cap Fund on the New York Stock Exchange.

Bloomberg Intelligence ETF analyst James Seyffart posited, at the time the news of the delay broke out, that the SEC could be holding out on all multi-coin ETF launches till it completes a comprehensive digital-asset ETP framework. “The 2nd theory is that there’s something the SEC wants to work on in relation to a specific aspect of $GDLC itself (like its structure?) The 19b-4 approval order comes from the division of Trading & Markets. Perhaps another division isn’t ready to let this convert just yet,” Seyffart added at the time.

However, the messaging of Grayscale’s letter suggested that the asset manager’s patience is running thin with the commission. The attorneys of Grayscale hinted that the parties involved in the conversion are considering submitting a petition requesting that the stay on the GDLC listing be lifted temporarily.

The letter read: 

The consequences of a failure to meet the statutory approval or disapproval deadline, regardless of the reason, are clear: under Section 19(b)(2)(D), the rule proposal is deemed approved. Grayscale, the Exchange and the Fund’s current investors are suffering harm as a result of the delay in public launch of the Fund, and Grayscale and the Exchange are therefore considering whether to file a petition requesting the Commission to lift the stay imposed by Rule 431(e) while the Commission reviews the action taken by delegated authority, so that the Fund may promptly launch while that review proceeds.

Grayscale concluded the letter by acknowledging the progress made by the Commission regarding regulatory clarity in the digital asset industry. “Grayscale appreciates the Commission’s efforts to provide regulatory clarity and intends to continue to engage cooperatively with the Commission in furtherance of the shared goal of regulatory clarity and to serve as a resource to the Commission on crypto-related matters,” the asset manager added.

GDLC ETF Launch Just A Matter Of Time: Expert

Scott Johnsson, an expert in finance law, shared their opinion on the developments between Grayscale and the US SEC regarding the Digital Large Cap Fund’s conversion. Despite the somewhat technical complexities, the finance expert expects the GDLC to launch as an exchange-traded fund in due time.

Johnsson said on X:

Given Grayscale was suggesting they had productive talks with the SEC prior to approval, and they had made extensive amendments to the rule proposal in line with those discussions, my guess is the Rule 431 application was a parting gift from Crenshaw acting unilaterally. SEC then had to deal with the mess. This is going to launch, its just a matter of when imo.

While the Bitcoin and Ethereum spot exchange-traded funds started trading in 2024, the US SEC is still sitting on a group of ETF applications for other crypto assets, including Solana, XRP, DOGE — to name a few.

One crypto investor has stunned many with the revelation of a once-in-a-lifetime missed opportunity with Shiba Inu. The investor, who goes by the name Rick Primes on the social media platform X, shared that he once held a staggering 2.1% of the total Shiba Inu (SHIB) supply, only to exit the market far too early and fumble a potential $882 million bag during Shiba Inu’s price peak.

Early Shiba Inu Investor Loses Out On Massive Bag

Shiba Inu’s journey from obscure meme coin to the most popular meme coin is one of the most well-known stories from the 2021 bull market. Although Shiba Inu was created as a funny response to Dogecoin, the most popular meme coin at the time, it eventually gathered an enormous community on the internet and attracted billions in investment capital. 

Between January and October 2021, SHIB posted one of the most explosive returns in crypto history, surging by more than 100,000% at its peak. Those who entered early and held their positions during this parabolic phase were able to turn mere hundreds of dollars into millions. The frenzy reached its climax when Shiba Inu temporarily entered the top 10 cryptocurrencies by market cap.

Among those who allegedly invested early is a social media user that goes by the name Rick Primes on X. His interesting revelation regarding Shiba Inu was made in response to another trader recalling his own costly misstep with PEPE by selling his own 3% of the total PEPE supply very early for just $100,000.

Rick Primes recalled his story as part of a broader discussion thread asking users to recount their worst fumbles in the crypto market. According to him, he initially owned 2.1% of Shiba Inu’s total supply during the early stages of the token’s launch. However, he ended up selling that position long before SHIB began its crazy ascent. After liquidating the initial holding, he reentered the market to hold about 0.8% of the supply and later exited again for a modest profit in the range of $20 million to $30 million. 

The pain lies not in that gain he made, but in what could have been. Had he held the full 2.1% supply through to Shiba Inu’s all-time high price of $0.00008616 in October 2021, the value would have reached as high as $882 million.

Shiba Inu Price Today

Save for a few spikes here and there, the meme coin niche has been relatively quiet this cycle. Although the current market cycle is less euphoric than the 2021 run, Shiba Inu and its investor community still have a strong presence in the crypto industry.

At the time of writing, SHIB is trading at $0.00001335, which is an increase of about 16.3% in the past seven days. However, the meme coin could have a tough time breaking above a strong resistance around $0.0000135, where it was rejected in June.

Featured image from Unsplash, chart from TradingView

Tether, the operator of the world’s largest stablecoin, has announced plans to disable USDT support on five legacy blockchains citing a shift in the company’s business strategy. This development comes as Tether aims to expand support for layer-2 blockchains which show high potential of adoption and ecosystem growth.

Tether To End USDT Support On Omni Layer, Algorand, Others 

In a news post on July 11, Tether shared plans to scrap USDT operations of five blockchains namely – Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. The stablecoin issuer which operates out of the British Virgin Islands has attributed this decision to a strategic infrastructure review. 

Tether explains that terminating USDT support on these legacy blockchains aims at aligning with evolving user behavior and shifting efforts towards growing dominance of more scalable, actively developed blockchain ecosystems. It is worth noting that this decision was made following a deep study of blockchain usage data, market trends and valuable stakeholder community feedback. Paolo Adoino, CEO of Tether, shares more insight on latest directive saying,

As the digital asset ecosystem evolves, Tether remains committed to adapting alongside it; sunsetting support for these legacy chains allows us to focus on platforms that offer greater scalability, developer activity, and community engagement — all key components for driving the next wave of stablecoin adoption.

The Omni Layer, in particular, holds historical significance as the first protocol used to launch the USDT in 2014. However, usage on Omni and similar networks has sharply dropped, with attention shifting to versatile alternatives like Ethereum and Tron, thereby backing the market shift from the underutilized blockchains. Furthermore, Tether’s directive also reflects a growing commitment to Layer 2 solutions e.g. the Lightning Network, which offer enhanced transaction throughput and lower fees. The stablecoin operator plans to expand USDT utility across new-generation blockchains that show strong potential for scalability, and user growth. All Tether customers are advised to redeem their USDT holdings on Omni Layer, Algorand and other affected blockchains before a set deadline of September 1. Alternatively, they can move their USDT to supported blockchains using any available service provider.

USDT Hits New Market Cap High

In other news, USDT’s market cap surged to a new record value at $159.1 billion following a bullish trading week. Since the start of Q3 2025, Tether’s product has added another $1.51 billion to its market shares solidifying its position as the largest stablecoin and third largest cryptocurrency in the world. Meanwhile, Circle’s USDC remains in second place following a commendable 81.42% rise in adoption over the past month pushing its market cap value to $63.51 billion.