Japan’s SBI Shinsei Bank is launching a large-scale campaign this fall that will allow retail depositors to receive cryptocurrency bonuses in XRP, Bitcoin (BTC), or Ethereum (ETH). The bank will issue vouchers equal to 20% of the interest earned on deposits, which can be exchanged through the SBI VC Trade platform. A pilot program starts as early as next week and covers both regular savings accounts and time deposits.
The move deepens SBI Holdings’ long-standing role as a strategic partner of Ripple in Asia. While SBI has denied holding a massive XRP treasury, it confirmed a 9% corporate stake in Ripple Labs. The campaign is designed to bring traditional banking clients into the digital asset ecosystem with minimal friction.
Meanwhile, Bitcoin’s technical outlook remains contested. According to the Bollinger Bands indicator on the monthly chart, a rally to $90,000 is possible from current levels around $63,000. However, the midband sits at $90,844, meaning any move to that target would still fall within a bear market structure. Even a strong bounce might not confirm a new bull cycle unless Bitcoin consolidates above the midband. Strategy’s recent $100 million purchase of 1,550 BTC helped stabilize the price, but cautious capital awaits key U.S. inflation data and the Federal Reserve meeting.
In the meme coin sector, a Shiba Inu (SHIB) whale that had been dormant since January 2024 transferred its remaining 224.5 billion SHIB tokens — worth roughly $37 million at current prices — to an unidentified new wallet. The address 0x5Bd802b7 also holds large amounts of ETH, BNB, and LINK, and may be an internal eToro wallet, though confirmation is lacking. The transfer has reignited attention on movements by large SHIB holders.
Broader crypto markets are under pressure. Bitcoin dropped into the $62,500–$63,500 zone amid $1.63 billion in liquidations and a net outflow of $91.37 million from spot Bitcoin ETFs. In contrast, Ethereum ETFs recorded strong inflows of $82.4 million, partly driven by BitMine’s acquisition of 4.59% of the ETH supply. Political deadlock over the CLARITY Act in the U.S. Senate, where closed‑door anti‑money laundering reviews have slashed the bill’s passage odds on Polymarket from 62% to 48%, adds to market uncertainty. Upcoming May Producer Price Index (June 11) and Michigan Consumer Sentiment Index (June 12) releases are expected to be major volatility catalysts for crypto and risk assets.
