Answer Box: Japanese financial conglomerate SBI Holdings, through its SBI Digital Finance unit, is developing a regulated XRP lending platform with Doppler Finance, targeting institutional use of XRP as collateral. Meanwhile, Shiba Inu (SHIB) saw its average exchange deposit size surge 76.26% to 969 million tokens, though net outflows suggest no panic sell-off. Wintermute identifies cooling US inflation and sustained ETF inflows as key Bitcoin recovery catalysts, with BTC testing resistance near $64,000.
SBI and Doppler Finance Build XRP Lending Infrastructure for Japanese Institutions
SBI Digital Finance, a subsidiary of SBI Holdings, has partnered with digital markets provider Doppler Finance to create a regulated B2B lending platform for XRP in Japan. The infrastructure is designed for Japanese funds and market makers, allowing them to use XRP as collateral to unlock liquidity while managing risks under local compliance rules.
This initiative is separate from SBI's recent agreement with the Solana Foundation, which focuses on tokenizing real-world assets like corporate bonds and real estate. Doppler Finance stated the goal is to turn passive XRP reserves into productive working capital, providing institutional participants with legal borrowing capabilities against the token.
SHIB Exchange Inflows Spike 76%, But Broader Data Shows No Panic
On-chain data revealed that the average size of a single SHIB deposit to exchanges jumped 76.26% over recent days, reaching 969.01 million tokens. This suggests large holders moved significant amounts onto trading platforms, putting pressure on order books and pushing the token's price near a local bottom of $0.0000041.
However, broader metrics tell a different story. Over the past 24 hours, exchange netflow fell deep into negative territory at -186.29 billion SHIB, while total exchange reserves declined to 86.61 trillion SHIB, a 2.12% drop in dollar terms. Whale activity showed withdrawals of 5.26 billion SHIB versus deposits of only 3.85 billion, indicating tokens are moving into cold wallets rather than signaling a mass sell-off.
Wintermute Outlines Two Key Bitcoin Recovery Catalysts
Market maker Wintermute's OTC analysts released a report stating that weak hands have been flushed out and sellers are exhausted. They highlighted two primary catalysts for Bitcoin's price recovery: cooling inflation data and consistent ETF inflows.
US inflation fell to 3.5% in June, with a monthly decline of 0.4% — the steepest since May 2020 — reducing fears of another Federal Reserve rate hike. Additionally, crypto ETFs saw approximately $282 million in inflows last week, ending an eight-week outflow streak. Wintermute warned that one positive week is not enough; breaking above $67,250 will require several consecutive sessions of institutional demand. They also noted the CLARITY Act, expected for a US House vote later this month, as a potential catalyst.
Bitcoin Tests $64,000 Resistance Amid Broader Market Developments
Bitcoin is trading near $63,698, up 2.32%, testing resistance around $64,000–$64,500 after the CPI cooldown. The daily chart shows the price consolidating between support at $58,000–$59,250 and resistance at $64,500, with the RSI at a neutral 51.88, indicating uncertainty.
Key developments include the launch of the Bitcoin Banking Index by Strategy Inc., measuring BTC adoption among the world's 25 largest banks at 32%. Fidelity leads at 71%, followed by BNY Mellon (46%), Goldman Sachs (45%), and JPMorgan (43%). Robinhood Chain reached $800 million in daily DEX trading volume within two weeks, driven by the CASHCAT meme coin, which gained 19.5% after a Binance Wallet listing. Meanwhile, the European Central Bank selected 36 providers, including Stripe and Nexi, for a 12-month digital euro pilot starting in the second half of 2027, with a full launch planned for 2029.