Japanese Bank Chooses XRP as Part of New Campaign; Bollinger Bands Keep $90,000 Bitcoin Prediction in Play; 224 Billion Shiba Inu (SHIB) Go Online as 2024 Whale Reawakens - Morning Crypto Report

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TL;DR


  • XRP Investors in Japan to Get Bonuses: Japan's SBI Shinsei Bank will issue depositors bonuses in XRP, BTC, or ETH worth 20% of the interest accrued on deposits through the SBI VC Trade platform. 
  • Bitcoin to $90,000 roadmap: The Bollinger Bands indicator allows for BTC growth to $90,000, but because the midband is located at $90,844, this rise will remain only a rebound within a bear cycle. 
  • 224 Billion Shiba Inu (SHIB) From 2024 Suddenly Appear On-Chain: A major investor completely emptied a wallet, transferring the final tranche of 224.5 billion SHIB tokens to the new address 0x5Bd802b7, which holds a balance of $37.09 million. 
  • CLARITY Act Sees Deadlock in the U.S.: The chances of the bill passing on Polymarket collapsed from 62% to 48% as the White House blocked a Senate vote because of closed-door reviews of anti-money laundering (AML) rules.
  • Macro Catalysts of Volatility: The release of the May Producer Price Index (PPI) on June 11 and the Michigan Consumer Sentiment Index on June 12 will determine the market's further expectations for the U.S. Federal Reserve's interest rate.

SBI Shinsei Bank depositors to receive bonuses in XRP and other cryptocurrencies


Japan's SBI Shinsei Bank is launching a new large-scale campaign for retail clients. Starting this fall, depositors will be able to receive bonuses in XRP, Bitcoin (BTC), or Ethereum (ETH).


The bank will issue special cryptocurrency vouchers. Their size will amount to 20% of the interest accrued on deposits. The pilot part of the project will start as early as next week and will cover both regular savings accounts and time deposits.


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The exchange of received vouchers for XRP and other coins will take place through SBI VC Trade's internal trading platform, while the value of the bonus will be tied to the size of the deposit.


There is still no exact data on asset prices within the program, but the new step fully reflects the role of SBI Holdings as one of Ripple's most important strategic partners in Asia. The Japanese giant has been promoting XRP-based payment solutions across the region for many years.


At the same time, the group does not directly hold a large XRP treasury portfolio and previously denied rumors that it owned $10 billion worth of coins. Instead, SBI confirmed that it has a corporate investment in the form of a 9% stake in the U.S. company Ripple Labs.


The current voucher campaign helps SBI Holdings bring ordinary banking clients into its digital ecosystem without friction. The group is now actively expanding its presence in Asia, including through the acquisition of Singaporean crypto platform Coinhako.


Why Bitcoin's real rally to $90,000 will not bring back the bull market


Despite all the turbulence of recent weeks, the forecast for Bitcoin's rise to $90,000 remains in force, according to the Bollinger Bands indicator by TradingView. However, there is a main paradox in this move.


Fresh analysis of the monthly chart shows that even if the coin makes this powerful jump, the market will not technically enter a bullish phase.


The key to the puzzle lies in the structure of the Bollinger Bands, where the midband is now located at $90,844. Against the backdrop of current trading around $63,000, this level acts as an extremely strong technical ceiling because it divides the chart into two zones.



Bitcoin price on a weekly timeframe with Bollinger Bands attaches, Source: TradingView

Everything below it is considered a downtrend. Since the $90,000 target is below the critical mark, this entire rise would be only a normal rebound from the bottom. Even if Bitcoin jumps to $90,000, it will remain within the framework of the global bear cycle.


Strategy's recent purchase of 1,550 BTC for $100 million helped keep the price above $60,000 and fix the rate near $63,000. However, investors are not rushing to aggressively buy the asset.


Capital is behaving cautiously while waiting for U.S. inflation data and the results of the Federal Reserve meeting.


The $90,000 target is absolutely realistic, but Bollinger Bands warn that it is still too early to celebrate a new bull cycle at this price. Any move upward without a confident consolidation above the midband risks turning out to be only a temporary spike before a new decline.


2024 whale transfers remaining Shiba Inu coins to mystery wallet


A Shiba Inu (SHIB) investor who held positions for more than two years has transferred a final tranche of 224.5 billion SHIB tokens to an unknown new wallet, according to Arkham.


The history of this address began on January 22, 2024, when the investor withdrew 718.7 billion SHIB tokens from the eToro trading platform. At that time, they were worth $6.56 million.


After that, the wallet owner did not make any major moves for a long time, even during the strong rise in March 2024 to $0.000045 per coin.


The whale only periodically sent small portions of tokens back to eToro wallets, and the latest transfer emptied the entire remaining Shiba Inu balance from the address. However, this story is not over yet. 



2024 Shiba Inu (SHIB) investor '0x0c501D43' activity, Source: Arkham

The main intrigue of the transaction lies in the recipient address, 0x5Bd802b7, as Arkham has not yet assigned it an official label linking it to any exchange. This wallet looks quite solid and holds crypto assets worth a total of $37,097,658.


Its portfolio consists mainly of market heavyweights: ETH, BNB, SHIB, and LINK. Considering that all previous small transfers by the investor went directly to eToro, this wealthy address may well be the platform's internal Ethereum wallet.


However, there is no absolute certainty about this. It is also possible that $1 million worth of SHIB tokens went to a new personal address belonging to this major player.


In the absence of clarity, something else matters more: large SHIB holders who entered the asset at the start of 2024 are beginning to actively move their funds. The transfer of 224 billion SHIB to a new address does not create panic in the market by itself, but it forces holders to closely monitor similar movements.


Crypto market outlook: BTC searches for a bottom amid ETF outflows and CLARITY Act deadlock


The crypto market is entering the second week of June 2026 in a phase of hard capitulation, caused by three factors: the political deadlock around crypto regulation in the U.S., a large-scale leverage reset in futures markets, and a local divergence of institutional capital.


Key checkpoints:


  • Bitcoin price under pressure: BTC has broken through key support structures and dropped into the $62,500–$63,500 zone. The market is seeing a redistribution of coins while the price searches for solid ground to resume growth.
  • Leverage reset: Combined demand across spot and perpetual markets has fallen to -650,000 BTC, leading to more than $1.63 billion in long liquidations. At the same time, long-term holders (LTHs) have started accumulating coins at the fastest pace in years.
  • Institutional capital divergence: Spot Bitcoin ETFs recorded a net outflow of $91.37 million due to broader regulatory risks. At the same time, Ethereum showed a strong inflow of $82.4 million thanks to major purchases by BitMine, which acquired 4.59% of the supply.
  • CLARITY Act deadlock in the Senate: The White House is holding closed-door meetings with law enforcement agencies, without whose approval the crypto market bill will not move to a vote. Because of the risk of weakening the fight against money laundering (AML), the chances of the law passing in 2026 on Polymarket have collapsed from 62% to 48%.
  • U.S. producer inflation on June 11: The main volatility catalyst on Thursday will be the release of the PPI index for May. A rise in this indicator would strengthen hawkish sentiment at the Federal Reserve and increase pressure on order books for risk assets.
  • Michigan Consumer Sentiment Index on June 12: On Friday, the preliminary Michigan Consumer Sentiment report for June will be released. Any signs of resilient demand and inflation expectations would finally freeze the market's hopes for a near-term interest rate cut.


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