Ripple CEO Changes His Tune on Dogecoin, Shiba Inu (SHIB) Loses 92%, Strategy’s Bitcoin STRD Launches on Nasdaq: Crypto News Digest by U.Tod...

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Here are three noteworthy news stories, brought to you by U.Today.

Ripple CEO Revises Stance on Dogecoin

Ripple CEO Brad Garlinghouse recently shared his updated perspective on Dogecoin during an appearance at the Apex 2025 event. Interestingly, Garlinghouse acknowledged that he previously held a less favorable view of Dogecoin, concerned about its potential impact on the broader cryptocurrency industry. However, he now concedes that the dog-themed cryptocurrency has established itself within the ecosystem. "It's part of the ecosystem. It plays a role," he stated. Nevertheless, Garlinghouse maintains that meme coins could potentially detract from companies and developers dedicated to building substantive products. He also clarified that he has never personally invested in meme coins.

Shiba Inu (SHIB) Experiences Significant Decline: What's Behind It?

Shiba Inu has recently witnessed a substantial decrease in both its price and on-chain activity. Notably, large holder inflows have plummeted by over 92% within a single week. As of the time of this writing, SHIB is trading at $0.00001276, reflecting a 5.25% decrease over the last 24 hours. The token has struggled to surpass key resistance levels indicated by major Exponential Moving Averages (EMAs), suggesting a continuing downtrend. Data from IntoTheBlock reveals a 30-day drop exceeding 56%, signaling a lack of accumulation by whales. Outflows have also declined significantly, implying that major players are either remaining on the sidelines or have already exited their positions. This reduced participation from large holders raises concerns regarding liquidity and the potential for a price recovery in the near future. Unless whale interest returns or bulls manage to overcome key EMAs, the token's price may continue to decline.

Strategy's Bitcoin STRD Debuts on Nasdaq

On June 11th, Michael Saylor, co-founder and executive chairman of Strategy, announced via X platform that Strategy's STRD had commenced trading on the Nasdaq. "It’s the third in our series of Bitcoin-backed preferred stocks—designed for fixed income, secured by BTC," Saylor stated. Over the past four years, Strategy has evolved into a $100 billion company through strategic Bitcoin acquisitions. Thus far in 2025, MSTR's price has risen by 26%, exceeding the performance of major tech companies like Tesla, Microsoft, Meta, and Amazon, as well as Bitcoin itself. A week prior, Saylor disclosed that the company had increased its STRD offering from $250 million to nearly $1 billion to facilitate further Bitcoin acquisitions. Currently, Strategy holds approximately 582,000 BTC, valued at around $41 billion, nearing the 600,000 BTC milestone. Read original article on U.Today