Ripple 12-Year IPO Delay Threatens XRP; Shiba Inu (SHIB) Eyes Price Squeeze on Record Supply Drop; Stellar (XLM) and MoneyGram to Launch USD Stablecoin - Morning Crypto Report

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. 12 years before IPO: SBI forecast splits Ripple and XRP market SHIB trapped near the bottom: Empty order books prepare squeeze to $0.00000973? MoneyGram and Stellar launch MGUSD to fight Ripple and PayPal Crypto market outlook: How and why BTC lost the $70,000 level Advertisement TL;DR Ripple IPO Delayed: SBI Holdings projects a 12-year timeline for Ripple's IPO , creating mixed sentiment, though secondary market shares are up 376%. Stellar & MoneyGram Launch Stablecoin: MoneyGram deployed MGUSD on the Stellar blockchain to directly challenge Ripple’s RLUSD and PayPal in cross-border settlements. Shiba Inu (SHIB) Supply Shock: SHIB exchange reserves dropped to a multi-year low of 80.03 trillion, creating an order book vacuum that could trigger a price squeeze toward $0.00000973. Key Macro Events This Week: Traders are bracing for high volatility with upcoming US ISM Services PMI data, Friday’s Non-Farm Payrolls (NFP) report, and Fed's Beige Book. 12 years before IPO: SBI forecast splits Ripple and XRP market SBI Holdings CEO Yoshitaka Kitao confirmed the Japanese corporation’s long-term focus on the Ripple ecosystem in a YouTube interview , saying the company is ready to invest from $626 million to $1.25 billion in JPY in Ripple Labs shares once it goes public. However, Kitao estimated the expected IPO timeline at about 12 years. This horizon sparked debate in the XRP community . Some investors fear the main growth trigger could be frozen, while supporters point to Ripple’s financial independence. HOT Stories Ripple 12-Year IPO Delay Threatens XRP; Shiba Inu (SHIB) Eyes Price Squeeze on Record Supply Drop; Stellar (XLM) and MoneyGram to Launch USD Stablecoin - Morning Crypto Report XRP, Shiba Inu (SHIB), Bitcoin (BTC) and Dogecoin (DOGE) Price Analysis for June 2nd: Chances for Bull Run Are Slim “When @Ripple Labs goes public, I plan to pour in ¥100 billion or even ¥200 billion all at once to fully complete everything. I think they will probably go public in about 12 years. I really believe Ripple needs to go public.” That's about $626 million or even up to $1.25… pic.twitter.com/ufcT7phDV8 — 🌸Eri ~ Carpe Diem (@sentosumosaba) June 2, 2026 While top management is focused on the long term, the private secondary market is voting against a 12-year wait. Advertisement Amid rumors of preparations for a public debut, Ripple Labs shares have surged 376% all-time, reaching $136.90. This was supported by the company’s spring $750 million buyback, which fixed Ripple’s valuation at $50 billion, 25% above the November funding round involving Citadel and Pantera Capital. SHIB trapped near the bottom: Empty order books prepare squeeze to $0.00000973? By early June 2026, Shiba Inu (SHIB) had recorded an extreme decline in volatility, getting trapped in a narrow range near $0.00000544, down 1.45%. The current consolidation is taking place right above the historical defense zone of $0.00000504 to $0.00000499, according to the TradingView chart. Advertisement The extreme narrowing of Bollinger Bands at this point signals an imminent breakout from the range. The main driver of the expected price squeeze is a complete vacuum in the order books above current quotes. According to the Volume Profile indicator, an “air pocket” has formed on the chart: large limit sell orders are almost absent up to the $0.00000973 level. Any local market buy or forced short closure could push the price upward through empty order books with no opposing resistance. Shiba Inu (SHIB) price chart with Bollinger Bands, Source: TradingView The technical rebound is supported by the weekly RSI, which has dropped to the 36.50 to 37.09 range. The asset’s critical oversold condition coincides with exchange reserves drying up to a multi-year low of 80.03 trillion SHIB , depriving bears of the resource needed to push the price further down. If an impulse begins, the price could fly through the vacuum zone. The first short-term target will be $0.00000680, while the key recovery target is the major resistance level at $0.00000973. MoneyGram and Stellar launch MGUSD to fight Ripple and PayPal Cross-border payments giant MoneyGram has officially deployed its own dollar stablecoin, MGUSD, on the Stellar blockchain, which appears to formalize the company’s split with former partner Ripple and XRP. MoneyGram will now directly compete with Ripple’s RLUSD stablecoin , which has already secured a market position with a capitalization of $1.7 billion. Issuance of the new token is handled by Stripe’s Bridge platform, smart contracts are managed by M0, and wallet security is provided by Fireblocks. Introducing MGUSD. MoneyGram's native U.S. dollar stablecoin. Natively issued on @StellarOrg . Built with @Stablecoin , @M0 and @FireblocksHQ . Live in the U.S. today. pic.twitter.com/GWW3XtNrf6 — MoneyGram (@MoneyGram) June 2, 2026 The instrument is built directly into the MoneyGram app as a non-custodial wallet for 60 million customers. The pilot project has started in the United States, with a later expansion to the global market through the company’s network of 500,000 physical locations for cash-in and cash-out operations. Current Top-10 in USD stablecoin segment, Source: CoinMarketCap MoneyGram and Stellar are entering an overheated market where, besides PayPal and Western Union, industry heavyweights already dominate. The fight is for the cross-border settlements sector, which Citi forecasts will reach $4 trillion by 2030. MoneyGram’s unique advantage, however, is its massive physical branch network, which allows the company to connect the digital dollar with cash faster and cheaper than traditional banks. Crypto market outlook: How and why BTC lost the $70,000 level The collapse of peace talks in the Middle East, and therefore the absence of conditions for lower oil prices, triggered a broad flight from risk, pushing Bitcoin below its weekly support structure and sending the Fear and Greed Index down to 23, into the “Extreme Fear” zone. While short-term capital is rushing into fiat, a block of key macroeconomic data releases is approaching. Key checkpoints: Bitcoin price: BTC faced aggressive selling pressure, falling 45% from its all-time high to the liquid pocket of $69,000 to $70,000. The decline is being fueled by the first sale from MicroStrategy in 3.5 years, 32 BTC at $77,000, and the movement of Mt. Gox wallets worth $731 million. Divergence in ETF capital flows: The institutional narrative is aggressively moving from BTC toward altcoins. The 10-day outflow streak from Bitcoin ETFs reached $3.45 billion, and $6.6 billion cumulatively over three quarters, while XRP showed its strongest impulse in a year with a weekly inflow of $60.5 million, and Solana (SOL) attracted $4.13 million in net inflows on June 1 despite the broader market sell-off. Macroeconomic triggers on June 3 and June 5: The market is digesting systemic stagflation threats starting Wednesday, when the Fed Beige Book and the ISM Services PMI are set to be released. The main volatility catalyst is expected on Friday with the publication of the May unemployment report and Non-Farm Payrolls. With Brent oil rising above $94 because of geopolitical risks, any signs of an overheated labor market will freeze expectations for a Fed rate cut and increase pressure on crypto order books. You Might Also Like Tue, 06/02/2026 - 00:01 XRP, Shiba Inu (SHIB), Bitcoin (BTC) and Dogecoin (DOGE) Price Analysis for June 2nd: Chances for Bull Run Are Slim By Arman Shirinyan #XRP #Ripple News #SHIB #Shiba Inu (SHIB) News #Stellar #Moneygram News #Stellar News