Ripple CEO’s Dogecoin Revelation: Shocking SHIB Plunge and STRD’s Nasdaq Debut!

by

Gather ’round, dear readers, for I bring you the latest tidbits from the whimsical world of cryptocurrency, courtesy of our friends at U.Today. 🐶💰

Ripple CEO Changes His Tune on Dogecoin

In a turn of events that could make even the most stoic of butlers raise an eyebrow, Ripple’s very own Brad Garlinghouse has decided to revise his previous opinions on Dogecoin. During a recent soiree at the Apex 2025 event, he confessed that he once spoke of Dogecoin with all the warmth of a winter’s day in Siberia. But lo and behold! The man has had a change of heart. “It’s part of the ecosystem. It plays a role,” he declared, as if he were discussing the merits of a particularly fine sherry. 🍷

However, lest we get too carried away with the canine-themed cryptocurrency, Garlinghouse did caution that these meme coins might just be the proverbial banana peel for serious developers. And, in a delightful twist, he assured us that he has never dipped his toes into the meme coin pool. Quite the gentleman, that one! 🎩

Shiba Inu (SHIB) Loses 92%: What Happened?

Now, onto the tale of Shiba Inu, which has recently taken a nosedive that would make even the most seasoned skydiver clutch their parachute. With a staggering 92% drop in large holder inflows, SHIB is now trading at a paltry $0.00001276. That’s down 5.25% in just 24 hours! It seems our furry friend has failed to break through the key resistance levels, much like a dog trying to fetch a stick that’s just out of reach. 🐕‍🦺

According to the wise sages at IntoTheBlock, the 30-day drop is over 56%, and it appears that the whales have decided to take a holiday, leaving the little fish to flounder about. With liquidity concerns looming larger than a butler’s mustache, one must wonder if SHIB will ever find its way back to the sunny uplands of profitability. Unless those whales return or the bulls decide to charge, it looks like SHIB might just keep drifting lower than a poorly placed rug. 🐟

Strategy’s Bitcoin STRD Launches on Nasdaq

And now, for a bit of good news! On June 11, the ever-enthusiastic Michael Saylor, cofounder and executive chairman of Strategy, took to the X platform to announce that their Bitcoin-backed STRD has officially begun trading on the Nasdaq. “It’s the third in our series of Bitcoin-backed preferred stocks—designed for fixed income, secured by BTC,” he proclaimed, as if he were unveiling a new line of luxury toasters. 🍞

In just four short years, Strategy has ballooned into a $100 billion behemoth, all thanks to their aggressive Bitcoin buying spree. This year alone, MSTR’s price has soared by 26%, leaving tech giants like Tesla and Amazon in the dust. And just last week, Saylor revealed that they’ve upped their STRD offering from a modest $250 million to nearly $1 billion. With approximately 582,000 BTC in their coffers, worth around $41 billion, they’re inching ever closer to the 600,000 BTC milestone. Quite the ambitious endeavor, wouldn’t you say? 🚀

Read More

2025-06-12 19:10