🚨 Today’s Must-Read: Breaking News in Crypto

Author

CoinGape Media
June 28, 2025

📰 News

Coinbase dominates crypto ETF custody with 81% share, gains institutional trust as stock hits 4-year high.

Coinbase Strengthens Institutional Grip as ETF Filings and Corporate Adoption Rise

Armstrong also shared that eight of the top ten publicly traded companies holding Bitcoin on their balance sheets use Coinbase Prime. Coinbase Prime is the company’s platform designed for institutions to securely buy, sell, and store large amounts of crypto. This widespread use highlights Coinbase’s strong reputation among major corporate clients.

In addition to these stats, Armstrong said Coinbase has been tracking more than 50 new ETF filings since the start of the year. This shows that interest in crypto ETFs is growing fast, and many new products could hit the market soon.

The increase in ETF filings is a sign that traditional finance is moving deeper into crypto, and this company stands at the center of this shift. The crypto platform has also benefited from this rising institutional interest in other ways.

While other exchanges took down XRP during its legal battle with the SEC, Changpeng Zhao revealed that Binance did not delist the asset.

Binance Did Not Delist XRP, Says Changpeng Zhao

As Ripple signals a close to the lengthy saga with the Securities and Exchange Commission (SEC), Changpeng Zhao has confirmed long-term support for XRP. The Binance founder revealed in an X post that the exchange did not limit users from trading XRP throughout the case.

CZ reiterated his support for XRP after Brad Garlinghouse disclosed that Ripple will drop its cross-appeal against the SEC. He clarified that Binance never delisted XRP, allowing traders to interact with the beleaguered token over the three-and-a-half-year duration of the case.

Back in December 2020, the SEC instituted legal action against Ripple for allegedly selling unregistered securities. To avoid trouble from the securities regulator, several exchanges, including Coinbase and Bittrex, delisted XRP. US customers of Kraken, Bitstamp, and e-Toro did not have access to the token, with Binance.US also delisting XRP.

However, after Ripple’s partial win against the SEC that legalized XRP sales on public exchanges, a handful of service providers relisted the asset. Despite the back-and-forth in court, the global arm of Binance still supported XRP trading.

For starters, Binance.com operates outside US jurisdiction, making it immune to SEC pressure to delist. Furthermore, volume and trading fees from XRP contribute a chunk to Binance’s revenue, providing additional incentive to allow trading.

📊 Markets

🔮 Bitcoin Price Prediction As S&P500 Books All time high

Bitcoin stumbles around $107K while S&P 500 hit ATH. Will BTC break out? Explore price prediction, bullish signals & key levels to watch.

S&P 500 Hits Record High of 6,223.75

While the Bitcoin price remains stuck in a sideways chop, the S&P 500, driven by geopolitical and macroeconomic volatility, has reached a new all-time high of $6,223.75. This rally follows the index’s 4.61% surge over five days. The sharp recovery since April 7, 2025, has brought the 50-day and 200-day Simple Moving Averages (SMAs) close, hinting at a potential bullish crossover in the coming days.

With such optimism in the stock market, will Bitcoin follow the S&P 500’s footsteps?

Since June 9, the correlation between BTC and the S&P 500 has continued to increase according TradingView data. Hence, the chances of BTC revisiting its ATH and setting up a new high are not out of the realm of possibilities. With the odds of a September rate cut spiking, a risk-on sentiment could fuel Bitcoin’s next uptrend.

Shiba Inu price eyes a 24% breakout rally from a falling wedge pattern as long positions surge and exchange outflows spike.

Shiba Inu Price Targets 24% Breakout Rally

SHIB price might be on the verge of a 24% breakout rally as bulls target the resistance at the upper trendline of a falling wedge pattern. This resistance level lies at $0.0000119, which the Shiba Inu meme token has been unable to break for nearly two weeks.

A falling wedge usually indicates that bears are about to lose control over SHIB’s performance, and bulls could soon be in control. If today’s gains create a gradual uptrend, the falling wedge resistance at $0.0000119 may be overcome soon, giving room to a strong recovery.

The potential target price for SHIB after this wedge breakout is $0.0000148, which will be achieved if this top meme coin records a rally that is equal to the height of the pattern. A more exaggerated bullish target lies at the top of this bullish pattern at $0.0000177.

The AO indicator is supporting this near-term Shiba Inu price prediction as it turns green within the negative zone, which is a sign that the bearish sentiment is becoming weaker. If this continues and the indicator finally crosses above the zero line, it will support notable gains.