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- 🚨 Crypto Today: What You Need to Know Now
🚨 Crypto Today: What You Need to Know Now
CoinGape Media
July 02, 2025
📰 News
Ripple CEO Brad Garlinghouse clarified that Linqto acquired 4.7 million Ripple shares entirely via secondary markets and not by direct sale.
Brad Garlinghouse Clarifies on Linqto Shareholder Confusion
Ripple CEO Brad Garlinghouse has addressed growing concerns from individuals who believed they were purchasing Ripple shares through investment platform Linqto. According to Garlinghouse, Linqto currently holds 4.7 million Ripple shares, all of which were acquired via the secondary market from existing shareholders, and not directly from Ripple. He further emphasized that neither Ripple sold any shares to Linqto nor do they have any formal business relationship with the platform. In his message on the X platform, the Ripple CEO wrote:
“Ripple has never had a business relationship with Linqto, nor have they participated in our financing rounds. We stopped approving more Linqto purchases on secondary markets in late 2024 amid growing skepticism”.
The statement comes as retail investors demand transparency on the status of their supposed equity in Ripple. Just as Ripple has been coming out of its long-fought SEC lawsuit, the company finds itself in hot water again. However, Brad Garlinghouse is making things clear to avoid ruffling feathers with the federal authorities.
Currently, Garlinghouse is putting a greater focus on building Ripple and XRP, and expanding the company’s market footprint as the SEC case nears.
REX-Osprey Solana Staking ETF launches, giving investors exposure to SOL while offering a 7.3% staking reward.
REX-Osprey Solana Staking ETF
As per a press release, the REX-Osprey Solana Staking ETF (SSK) has launched for investors who need exposure to Solana alongside an opportunity to earn staking rewards. This fund is a breakthrough in the U.S. crypto ETF community because it can offer the positive aspects of owning Solana tokens and add yield through staking to appeal to investors.
The ETF is aimed at providing direct spot exposure to Solana and does not pose the issues that are presented by futures-based crypto ETFs.
Besides direct exposure, the ETF also provides the advantages of staking rewards, where the staking of Solana provides a staking rate of 7.3% at present. The ETF will have most of its assets staked SOL tokens with the aim of providing a reward to investors through the blockchain.
📊 Markets
Standard Chartered analyst believes that the Bitcoin price is projected to reach $200K by Q4 2025, breaking away from the usual halving cycle.
StanChart Foresees Bitcoin Price’s Exponential Growth in 2025
Standard Chartered has projected a potential uptrend for Bitcoin in the coming months, building on its consistently bullish price predictions. Geoff Kendrick, the digital asset head of Standard Chartered, believes that the BTC price will hit $135,000 in Q3 and a staggering $200,000 by December. In an X post earlier today, reporter Wu Blockchain revealed the banking giant’s ambitious Bitcoin price prediction.
Significantly, the bank’s projection is grounded in its analysis of current market dynamics and the likelihood of growing institutional participation in cryptocurrencies. While this forecast comes amid heightened volatility in BTC price, the bank believes that the crypto’s underlying fundamentals position it for potential growth. Earlier this year, Kendrick predicted BTC to reach $500k by the end of Donald Trump’s presidency.
At press time, BTC is valued at $107,468, up 0.8% in the last 24 hours. Over the week and month, the pioneer crypto has seen marginal increases of 0.21% and 0.25%, respectively.
🔻 Why Shiba Inu Price Keeps Falling?
Shiba Inu price is down 11% in a month and faces another crash to $0.00000634 amid falling network activity, weak demand and whale inactivity.
Top Reasons Why Shiba Inu Price Is Not Recovering
The five main reasons that have made the SHIB price drop by 11% in one month include the following:
SHIB whale inactivity
Declining network activity
Declining active addresses
Poor meme coin performance
Reduced interest from futures traders
Whale Transactions are Falling
The top reason why the Shiba Inu price is falling is a lack of interest from whale wallets that often influence price movements. These addresses have gone quiet, with IntoTheBlock data showing that large transactions of more than $100,000 are currently at 1.09 trillion, which is more than 24 times lower than the 24 trillion that was recorded in June.
When whales are not active, the Shiba Inu price prediction for July becomes negative, because there is no demand from traders that would buy a large volume of tokens.
