🚨 On-Chain Recap: Top Web3 Headlines You Can’t Miss

📰 News

📢 Circle’s USDC Goes Live On XRP Ledger

The XRP Ledger (XRPL) is becoming home to more stablecoins, alongside the native RLUSD. USDC issuer Circle has announced the expansion of its stablecoin USDC to the network, just a day after it launched on the World network.

USDC Launches On The XRP Ledger

In a blog post, Circle announced that its USDC stablecoin is now live on the XRPL mainnet, making it accessible to developers, institutions, and users without the need for a bridge. The stablecoin issuer added that the Circle Mint and Circle APIs now fully support USDC on the network. This makes it easier to access USDC liquidity and benefit from the network’s speed and security.

With the latest expansion to the XRP Ledger, the USDC stablecoin is now available natively on 22 blockchains. As CoinGape reported, Circle just integrated the stablecoin into World Chain along the Cross-Chain Transfer Protocol V2 (CCTP V2).

The launch of USDC on the XRPL provides several use cases, including B2B payments, DeFi liquidity provisioning, and a settlement option for decentralized applications on the network.

The Ripple Developer X account also commented on the launch of the USDC stablecoin on XRPL. They noted that the future is interoperable as Ripple and Circle partner to bring the full reserved, 1:1 backed stablecoin to the network, a move that accelerates DeFi and institutional adoption.

🔥 Nasdaq-Listed Trident To Raise $500M For XRP Treasury Reserve

Nasdaq-listed Trident is also jumping on the XRP wave by becoming the latest company to declare its intention to gain exposure to the second-largest altcoin by market cap. The company plans to raise $500 million as it looks to establish an XRP Treasury.

Trident To Raise $500 Million For XRP Treasury

In a press release, the Nasdaq-listed company announced the initiative to raise up to $500 million to establish one of the world’s first large-scale corporate XRP Treasuries. To achieve this, the company has also appointed Chaince Securities LLC as the strategic advisor.

Trident will raise this sum through a mix of equity issuance, strategic placements, and structured financing instruments. The company is already discussing with leading crypto foundations and institutional partners to secure favorable token acquisition terms and robust on-chain infrastructure.

It plans to roll out the XRP Treasury initiative in the second half of the year, subject to regulatory compliance and prevailing market conditions. The company will also provide ongoing updates on deployment milestones, governance frameworks, and reporting standards.

Trident noted that this strategic move positions it at the forefront of integrating decentralized financial assets into treasury and capital management practices. This also marks a significant milestone in the evolution of blockchain-native financial infrastructure.

This initiative will focus on acquiring XRP tokens as a long-term strategic reserve. The company will also deploy staking mechanisms to generate yield, following in VivoPower’s footsteps to invest $100 million in XRP on the Flare network for yields.

Trident also plans to deeply engage with the Ripple ecosystem and will collaborate with select infrastructure and application projects. This forms part of the company’s plans to further strengthen its commitment to the advancement of decentralized finance.

The XRP price is down almost 4% in the last 24 hours amid this development, trading at around $2.24. Trading volume is also down almost 7%, with $2.66 million traded during this period.

📊 Markets

🚀 XRP Price if Ripple Captures 14% of SWIFT Market Share in 5 Years

Ripple CEO Brad Garlinghouse believes XRP price could capture 14% of SWIFT in five years. This comment from the executive at XRP APEX 2025 event in Singapore on June 11 has stirred the XRP community’s speculations on how it could impact the valuation of XRP. Trading at $2.32 as of June 11, 2025, XRP’s market cap stands at $136.82 billion. If Ripple’s XRP captures 14% of SWIFT’s market share, how high could XRP price skyrocket?

How XRP Can Capture SWIFT’s $5 Trillion Daily Market Share?

Based on the SWIFT data, the payments giant processes 44.8 million FIN messages daily, facilitating roughly $5 trillion in transactions a day. Annually, SWIFT processes $1.25 quadrillion. According to Bard Garlinghouse, if Ripple’s XRP could capture 14% of SWIFT’s market share, it would amount to $700 billion volume on a daily basis. It is crucial for US traders to understand if this is possible and its potential impact on XRP price.

Although SWIFT has been the backbone of global cross-border payments since 1973, its legacy infrastructure is criticized for slow settlement times and high costs due to intermediaries. Ripple’s CEO, Brad Garlinghouse, added,

“Think less about messaging… and more about liquidity. If you’re driving all the liquidity—that’s good for XRP.”

Using Ripple’s key product – On-Demand Liquidity (ODL) that leverages XRP token for settlements on the XRP Ledger, Ripple aims to finalize transactions in seconds, with a 0.1% error rate compared to SWIFT’s 6%. This efficiency is a key aspect that could help Ripple capture 14% of SWIFT’s volume, equating to $750 billion daily, and drive significant XRP price potential.

🔺 BTC Price Eyes CME Gap at $92K After Bitcoin’s Failure to Flip $110K Resistance

Bitcoin (BTC) soared 1.04% yesterday following the release of the US CPI data, which came in at 2.4%, lower than the 2.5% forecast. However, BTC price closed the day with a 1.57% loss due to the mounting bearish pressures. As of June 12, the leading crypto by market cap is down 1.05% and trades at $107,533. The Dragonfly Doji, coupled with weakening buying pressure and diminishing spot ETF inflows, hints at a steep correction to the CME Gap between $92,730 and $91,980.

Headwinds Multiply, Hint BTC Price Correction

The higher high and higher low market structure that defined BTC’s bull run since April 2025 has been breached, and signs of a reversal are appearing. Here are some key signals to watch:

• Stiff selling pressure around the $110,000 hurdle caused BTC price to produce a Dragonfly Doji candelstick pattern on the daily timeframe. This is a bearish reversal signal.

• In addition to the Doji, Bitcoin has crashed 2.81% since the June 11 swing high of $110,435 to $107,336. This drop solidifies that BTC price has produced a lower high relative to the all-time high (ATH) at $112,000.

Overall, this lower high production suggests that the bullish market structure is weakening, and sellers are gaining control. To confirm a bearish trend, BTC price needs to produce a daily candlestick close below the $100,000 psychological level.

Moreover, the relatively optimistic US CPI print on Wednesday also failed to revive the uptrend, which hints that the sellers are in control.