This week in the cryptocurrency world saw several intriguing developments across various ecosystems. The main focus was on the Bitcoin (BTC) and XRP ecosystems.

Bitcoin reached a milestone by testing the $97,000 mark, a level not seen since February 2025. However, the price of Bitcoin pulled back slightly and was trading at $96,731 at the time of reporting. The cryptocurrency showed volatility amidst trade tensions and uncertainties, emerging as a hedge against traditional finance risks.

There was speculation about a potential collaboration between the Sui blockchain and Pokémon, driving the SUI price up by over 60% during the week. However, clarifications were made regarding Pokemon NFTs and the involvement of Parasol Technologies in potential feature developments for Pokémon.

Rumors circulated about the approval of a ProShares XRP ETF by the US SEC, but it was clarified that the approval pertained to Leveraged and Short XRP Futures ETFs. Despite this, the ProShares XRP futures ETF approval generated optimism in the industry, with expectations for a spot XRP ETF in the future.

The US SEC delayed its decision on a potential XRP ETF until June 17, along with decisions on other cryptocurrency ETFs. Analysts and bettors are closely watching these developments, with various predictions on the likelihood of approval for the XRP ETF by different deadlines.