Here are the top three news stories presented to you by U.Today.
Ripple CEO changes his tune on Dogecoin
Ripple CEO Brad Garlinghouse has shared his current opinion on Dogecoin during his recent appearance at the Apex 2025 event. Garlinghouse admitted that he used to “speak not so kindly” toward Dogecoin, thinking that it would not reflect well on the industry. Nowadays, however, the Ripple CEO admits that the dog-themed cryptocurrency is not going anywhere. “It’s part of the ecosystem. It plays a role,” he said. At the same time, Garlinghouse believes that meme coins can have a negative impact on the companies and developers focused on creating real products. He also emphasized that he has never personally invested in meme coins.
Shiba Inu (SHIB) loses 92%: What happened?
Shiba Inu has recently faced a sharp decline in both price and on-chain activity, with large holder inflows dropping over 92% in a week. At press time, SHIB is trading at $0.00001276, down 5.25% over the past 24 hours; it failed to break past key resistance levels marked by major EMAs, which points to a persistent downtrend. According to IntoTheBlock data, the 30-day drop stands at over 56%, indicating that whales are not accumulating. Outflows have also fallen sharply, suggesting that major players are on the sidelines or have already exited. This reduced whale participation raises concerns about liquidity and the potential for a price rebound in the short term. Unless whale interest returns or bulls break key EMAs, the token may keep drifting lower.
Strategy’s Bitcoin STRD launches on Nasdaq
Yesterday, June 11, Michael Saylor, cofounder and executive chairman of Strategy, took to X platform to announce that Strategy’s STRD began to trade on the Nasdaq. “It’s the third in our series of Bitcoin-backed preferred stocks—designed for fixed income, secured by BTC,” wrote Saylor in his announcement. Over the past four years, Strategy has grown into a $100 billion company through aggressive Bitcoin purchases. So far in 2025, MSTR’s price has increased by 26%, outperforming major tech companies, such as Tesla, Microsoft, Meta and Amazon, and Bitcoin itself. A week ago, Saylor revealed the company increased its STRD offering from $250 million to nearly $1 billion to fund more Bitcoin acquisitions. At the moment, Strategy holds approximately 582,000 BTC worth around $41 billion, inching closer to the 600,000 BTC milestone.