Inflation surprise sends Bitcoin up

June 11, 2025

Reading time: 5 minutes

Bitcoin rises on soft CPI print, eyes $112K resistance

Key points:

  • Bitcoin hovered around $110,000 after U.S. inflation rose just 0.1% in May, with year-over-year CPI hitting 2.4%.

  • Traders now anticipate a Fed rate cut in September, while analysts eye $112K–$114K as BTC’s next liquidation zones.

News - Bitcoin briefly touched $110,237 on June 11 following the release of U.S. CPI data that showed softer-than-expected inflation. The Consumer Price Index rose just 0.1% month-over-month and 2.4% year-over-year, below the forecasted 2.5%, marking the first CPI uptick since February. Core inflation also came in cooler at 0.1%, easing investor concerns around immediate Fed tightening.

Markets reacted swiftly. Bitcoin gained 0.6% intraday and hovered near its weekly high, while U.S. stock futures and crypto-related equities turned green. According to the CME FedWatch Tool, the probability of a June rate cut sits near zero, but traders remain confident of two cuts later this year, likely in September and December.

Bitcoin’s upside targets emerge - BTC’s upward momentum has reignited bullish predictions. Popular analysts have pegged $112,000 and $114,000 as key resistance levels based on liquidation heatmaps. If broken, this could trigger a squeeze toward $120K–$140K. Strategy's Michael Saylor reiterated his $1 million Bitcoin thesis, citing institutional demand and scarcity.

Tariffs and inflation: A murky outlook - Although inflation ticked up slightly, analysts say Trump’s tariffs may have contributed to the rise in goods prices. Yet markets appear to have priced in the impact. Attention now turns to upcoming PPI and jobless claims data due June 12, followed by the Fed’s June 17–18 policy meeting, which could shift investor expectations further.

XRP Ledger embraces RWA surge: Ondo, VivoPower, and $100M token push lead the way

Key points:

  • Ondo Finance launched its $693M OUSG token on XRP Ledger, as tokenized Treasuries hit $7.2B.

  • VivoPower plans to deploy $100M in XRP on Flare to generate yield and adopts Ripple’s RLUSD stablecoin.

News - Ondo Finance has launched its flagship U.S. Treasury-backed token, OUSG, on the XRP Ledger (XRPL), marking a significant step forward in the network’s push to become a real-world asset (RWA) hub. 

With an initial supply of $30 million on XRPL, the $693 million OUSG token is now the third-largest tokenized treasury asset after BlackRock’s BUIDL and Franklin Templeton’s BENJI, according to rwa.xyz. Institutional investors can mint and redeem the token using Ripple’s RLUSD stablecoin, enabling 24/7 on-chain access to short-term government bonds.

Meanwhile, Nasdaq-listed VivoPower announced it would deploy $100 million worth of XRP on Flare’s DeFi infrastructure. The firm plans to generate yield via Flare-native protocols like Firelight, reinvesting earnings to expand its XRP holdings. In parallel, VivoPower will use RLUSD as a stable treasury reserve, with CEO Kevin Chin emphasizing the importance of making XRP “productive” in the current corporate treasury environment.

XRPL’s momentum doesn’t stop there. The network is also preparing for its Ethereum-compatible EVM sidechain launch in Q2, which aims to onboard new DeFi participants and expand smart contract utility. This follows other institutional wins: Dubai’s $16 billion tokenized real estate platform and Guggenheim’s digital commercial paper both launched on XRPL in recent weeks.

XRP price holds firm amid ecosystem growth - Despite broader macro pressures, XRP traded between $2.27 and $2.32, establishing high-volume support near $2.28. Ripple’s regulatory progress, RLUSD rollout, and expanding XRPL utility appear to be reinforcing price stability and investor sentiment.

Expanding institutional demand meets DeFi innovation - From tokenized bonds to commercial paper and programmable stablecoins, the XRP Ledger is rapidly transforming into a major gateway for RWAs. As the EVM sidechain and more treasury deployments go live, this momentum could signal a longer-term shift in how institutional capital flows into crypto rails.

Ukraine moves toward state crypto reserves: Bitcoin in the spotlight

Key points:

  • Ukraine’s parliament introduced Bill No. 13356, aiming to authorize the National Bank to add Bitcoin and other crypto assets to national reserves.

  • The bill does not mandate adoption, but grants the central bank discretion over reserve composition and timing.

News - Ukraine has officially submitted a draft law that would allow the National Bank of Ukraine (NBU) to include Bitcoin and other virtual assets as part of its gold and foreign currency reserves. Known as Bill No. 13356, the legislation was introduced by a group of eight lawmakers, led by MP Yaroslav Zhelezniak.

The move marks a potentially historic step toward sovereign crypto adoption. While the bill doesn’t compel the NBU to purchase or hold crypto, it gives the central bank the authority to do so at its discretion, leaving it free to decide how, when, and how much to allocate.

Zhelezniak, who also serves as first deputy chairman of the Committee on Finance, Tax and Customs Policy, stated that proper management of crypto reserves could “strengthen macroeconomic stability and create new opportunities for the development of the digital economy.”

Draft bill draws global attention - The bill sparked widespread online discussion and social media reactions, with prominent figures calling it a milestone in national-level crypto integration. A viral post on X (formerly Twitter) described the development as evidence that “sovereign crypto adoption is accelerating faster than expected.”

Although Ukraine’s government has not yet formally held crypto in its reserves, civil servants are already known to collectively hold over 46,000 BTC. The new bill would provide a legal path for the state itself to explore crypto-based treasury strategies.

A model for other central banks? - Zhelezniak emphasized that the bill reflects Ukraine’s intent to stay aligned with financial innovation trends. Contributors to the proposal included Binance’s regional head Kyrylo Khomiakov and legal experts involved in AI and digital asset governance.

While the central bank has yet to comment, the proposal’s progress may set a precedent that shapes future reserve policy debates in other countries, especially in Europe. With nations like El Salvador and Pakistan also exploring crypto reserves, Ukraine’s move adds momentum to a growing global shift.

U.S. CLARITY Act gains traction: Crypto regulation bill heads to House floor

Key points:

  • The CLARITY Act advanced with bipartisan support, passing the House Financial Services (32–19) and Agriculture (47–6) Committees.

  • The bill defines SEC and CFTC roles, protects self-custody, and proposes clear rules for exchanges and developers.

News - The U.S. Congress is inching closer to passing the long-anticipated CLARITY Act (H.R. 3633), with strong bipartisan backing from both the House Financial Services and Agriculture Committees. The bill cleared two major hurdles this week, with 32–19 and 47–6 votes, respectively, setting the stage for a full House floor vote.

The proposed legislation seeks to end regulatory uncertainty by clearly delineating the oversight roles of the SEC and the CFTC. Crypto exchanges would follow new rules for asset segregation, disclosure, and provisional registration under the CFTC, while developers of non-controlling protocols could be exempt from money transmitter rules. Crucially, the bill also upholds Americans’ right to self-custody and peer-to-peer crypto transactions.

Bill sharpens crypto oversight - The CLARITY Act aims to correct what lawmakers describe as a fragmented and innovation-stifling regulatory landscape. Committee Chair French Hill called the vote a “historic opportunity” to reshape U.S. crypto regulation, emphasizing a future-forward approach to blockchain policy.

Meanwhile, critics, including Rep. Maxine Waters and Rep. Brad Sherman, raised concerns about potential conflicts of interest linked to President Donald Trump’s crypto ties and warned of regulatory gaps. Nevertheless, Republican leaders insisted the bill is function-based, not personality-driven.

A defining moment for U.S. crypto policy - If enacted, the bill would give the CFTC primary authority over most digital assets, positioning the U.S. as a global leader in structured crypto governance. The floor vote will determine whether this bipartisan momentum translates into binding legislation.

Did you know?

  • “Quantum” was the first NFT ever minted in 2014: Created by Kevin McCoy and Anil Dash on Namecoin in May 2014, the abstract art token “Quantum” sold originally for just $4 and is now valued at over $1 million, a pioneering moment in digital art.

  • Bitcoin’s Lightning Network made its first live payment in 2017: The Lightning Network, a layer‑2 solution for fast, low‑fee Bitcoin transactions, saw its first real payment on Litecoin on May 10, 2017, when Blockstream’s Christian Decker sent 0.0001 LTC across continents.

  • Nine spot Ethereum ETFs debuted in July 2024: After SEC approval in May 2024, nine U.S. spot Ethereum ETFs, including those from BlackRock and Fidelity, launched on July 23, 2024, paving the way for mainstream institutional access to ETH.

Top 3 coins of the day

Kaia (KAIA)

Key points:

  • At press time, KAIA was trading at $0.16, up 12.75% over the last 24 hours.

  • The Parabolic SAR flipped bullish, and the Awesome Oscillator crossed above the zero line, signaling strong upward momentum.

What you should know:

KAIA registered a sharp breakout after consolidating near the $0.10 zone, surging past multiple resistance levels in a single session. The Parabolic SAR’s dotted markers flipped below the candlesticks, indicating a potential trend reversal in favor of buyers. Meanwhile, the Awesome Oscillator flipped green and crossed above the neutral line, confirming strong bullish momentum. Volume spiked significantly, reflecting renewed market participation after a prolonged period of sideways movement. This rally was largely driven by bullish sentiment around KAIA’s new won-pegged stablecoin, integrations with Korean platforms like LINE and KakaoTalk, and growing support from South Korean regulators. If buying pressure sustains, KAIA could target the next resistance zone near $0.17–$0.18. However, failure to hold above $0.15 may lead to a minor retracement toward the $0.12 support region.

Solana (SOL)

Key points:

  • At press time, SOL was trading at $165, up 0.45% over the last 24 hours.

  • The Supertrend indicator remained bearish, while the DMI hinted at strengthening trend direction.

What you should know:

Solana extended its recovery after bouncing from the $145 support zone, though the Supertrend indicator still flashed a sell signal, suggesting the broader trend remained uncertain despite recent gains. This bounce followed a brief bearish phase, with price action reclaiming territory above the $160 mark. Meanwhile, the Directional Movement Index (DMI) showed signs of trend consolidation. The +DI hovered above the -DI, but the narrowing gap indicated cautious momentum. Volume rose slightly alongside the price uptick, pointing to renewed interest from buyers following last week’s correction. Adding to the optimism, reports that the SEC may approve a spot Solana ETF within weeks, with firms like Grayscale and VanEck updating filings, boosted investor sentiment. Analysts estimate a 90% chance of approval in 2025, potentially as early as late June. If bullish pressure sustains, SOL could attempt a retest of the $175–$180 resistance range, which previously triggered a sell signal. However, a rejection at those levels could lead to short-term consolidation between $155 and $165. A breakdown below $150 would undermine the current recovery and potentially revisit the $138–$140 zone.

Key points:

  • At press time, LINK was trading at $15.24, down 1.36% over the last 24 hours.

  • The price hovered near the midline of the Bollinger Bands, while the CMF remained below zero.

What you should know:

Chainlink retraced slightly after facing resistance at the upper Bollinger Band, failing to sustain momentum past the $15.50–$15.60 range. Despite last week's recovery from the $13.20 zone, the Chaikin Money Flow (CMF) held below the neutral line, suggesting limited capital inflows and lingering caution among buyers. Price action continued to fluctuate between the 20-day SMA and the upper band, reflecting short-term consolidation. A decisive move above $16.00 could open the door for a retest of the $17.30 resistance area, but failure to maintain bullish volume may drag LINK back toward the $14.50–$14.80 support zone. Adding to the broader bullish narrative, Chainlink recently surpassed Ethereum in GitHub development activity and played a key role in Hong Kong's e-HKD CBDC pilot. Its growing real-world adoption and strategic partnerships with major financial institutions have contributed to investor optimism. Analysts now forecast a potential breakout above $16.00, with some projecting a $20 target if momentum builds further. The recent uptick in volume alongside price recovery hinted at early buying interest, but conviction remained fragile. Traders may look for a clear breakout with supporting volume before confirming a stronger directional bias.

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