🚨 On-Chain Intel: Top Web3 News to Watch

Author

CoinGape Media
June 16, 2025

📰 News

Donald Trump’s Truth Social files S-1 to launch B.T., a Bitcoin-Ethereum ETF with a 75/25 BTC-ETH split via NYSE Arca.

Trump Truth Social Files for Dual Bitcoin and Ethereum ETF

Trump Media and Technology Group Corp. (NASDAQ: DJT), the parent company of Truth Social, announced on June 16, 2025, that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF).

Subsequently, the proposed fund, named the Truth Social Bitcoin and Ethereum ETF (ticker: B.T.), would directly hold both Bitcoin (BTC) and Ethereum (ETH), offering investors exposure to both assets under one product.

The registration statement was submitted on Form S-1 under the Securities Act of 1933. The fund proposes a split allocation of 75% in Bitcoin and 25% in Ethereum, and it is set to be listed on NYSE Arca, pending regulatory approval. According to Bloomberg ETF analyst Eric Balchunas, the filing positions Truth Social among other firms seeking to offer spot crypto ETFs in the United States.

Bitget partners with UNICEF to promote blockchain literacy among girls and expand digital inclusion across nine countries.

Digital Skills are a Powerful Driver of Opportunity and Inclusion – Executive Director of UNICEF

Speaking of this partnership, which involves Bitget Academy, the educational arm of Bitget, Sandra Visscher, Executive Director of UNICEF Luxembourg, said that this partnership reflects how powerful digital skills are when it comes to opportunity and inclusion.

“By collaborating with Bitget, we want to provide adolescents and young people with the tools, knowledge, and confidence to shape their own futures,” the UNICEF Director added.

She further emphasized that innovation should be considered a force of inclusion, broadening horizons so that technology is accessible and works for everyone.

Developing the Online Training Module with UNICEF Per the terms of this partnership, Bitget Academy will work with UNICEF to develop the international body’s first interactive, online and in-person blockchain trading module. These will be based on video game creation skills development for maximum engagement. One goal is also to expand the Coalition’s reach to a ninth country, which is yet to be named.

In addition to the tools, Bitget is also set to increase the ecosystem’s reach through partnerships with leading blockchain protocols and developers to participate in this education initiative.

📊 Markets

Shiba Inu price forms a double bottom as bulls defend $0.000012 support. If this price holds, will a 42% rally to $0.000017 commence?

Shiba Inu Price Breakout Nears as Bulls Defend $0.000012 Support

The daily timeframe for Shiba Inu price shows the emergence of a double bottom pattern that is in the early stages of formation. This pattern indicates that after the prolonged downtrend that started on May 12, SHIB price has found strong support at $0.000012.

Shiba Inu has defended the $0.000012 support level twice since the downtrend commenced. This is a sign that bulls view this price to be a good entry point, and as selling pressure eases, it creates room for an uptrend to commence.

For the double bottom to reach maturation, Shiba Inu price will have to first breach the neckline resistance that lies at $0.0000136. After this, a 42% breakout rally that is equal to the height of this pattern could emerge, pushing the price to $0.000017.

The main headwind that could derail a rally for this top meme coin is a lack of strong buying activity. Even as bulls defend $0.000012 as a crucial support level, buying activity remains scant, and as the stochastic RSI shows with a reading of 35, sellers have the upper hand. Until the stoch RSI crosses above 50, bears may keep pushing the price to the $0.000012 support.

However, the CMF shows that a breakout is looming. This metric has been oscillating at neutral levels for the past week after a sharp move north, which is a sign that buyers are looking to outperform sellers, which could be a precursor for a bull run to $0.000012.

At the same time, a recent CoinGape analysis noted that despite the month-long downtrend that commenced in early May, whales and Binance traders remain bullish on SHIB. This also supports the thesis of a breakout rally for Shiba Inu price possibly happening soon.

🔍 What’s Next for XRP Price as XRP/ETH Signals 40% Crash?

XRP price is up 4% today, but with XRP/ETH flashing a bearish signal, will Ripple drop below $2, or will bulls defend support?

XRP/ETH Flashes Bearish Signal

XRP price could record dips after the XRP/ETH ratio flashed a bearish signal. This ratio has created a rounding top pattern, which suggests that a reversal of the current trend from bullish to bearish was looming and likely to happen. This pattern formed after the ratio started to drop in April, following a notable uptrend between Q4 2024 and Q1 2025.

The key support lies at 0.00085, and at press time, Ripple had already broken below this level, with the downtrend set to continue to 0.00052, which will be a 40% crash from the current level. The RSI also shows that the momentum is bearish, suggesting that XRP’s price faces the risk of dropping further.

The ongoing downtrend that led to the formation of a rounding top also suggests that traders are shifting their attention from other altcoins to Ethereum. This may be caused by the ongoing interest around Ethereum-focused treasuries following the recent 176,000 ETH purchase by Sharplink Gaming