Tag: XLM

  • XRP and XLM Retreat as ETF Inflows and Stellar Network Growth Persist

    XRP and XLM Retreat as ETF Inflows and Stellar Network Growth Persist

    XRP and Stellar’s XLM have extended their short-term pullbacks after strong recent rallies, even as fresh institutional developments continue to support attention around both assets. XRP traded near $1.509 after dropping 4.56% in the previous session, while XLM hovered around $0.202 following a 6.52% decline.

    The price weakness came as spot XRP exchange-traded funds (ETFs) continued attracting capital, and Stellar expanded its institutional infrastructure through BVNK Finance while exploring new blockchain privacy tools. However, derivatives and spot market indicators showed traders had become more cautious, with CryptoQuant data pointing to sell-side pressure in futures markets for both XRP and XLM.

    XRP ETF Inflows Continue Despite Short-Term Price Drop

    Spot XRP ETFs recorded $18.04 million in net inflows on Wednesday, according to SoSoValue data, following $20.02 million in inflows on Tuesday. Together, the two sessions brought roughly $38.06 million into XRP-focused investment products, demonstrating continued demand even as XRP underwent a short-term correction after its recent advance.

    Sustained institutional demand could remain an important market factor. However, CryptoQuant data presented a more cautious picture: XRP futures markets showed sell-side dominance alongside signs of overheating after the earlier price surge. Retail participation remained relatively limited, and while spot markets showed heating conditions, several other indicators stayed neutral. This creates mixed short-term signals, with positive ETF flows contrasting with cautious derivatives activity.

    Stellar Expands Institutional Reach Through BVNK Finance

    Stellar continued expanding its infrastructure despite XLM’s recent decline. The network announced that its blockchain had gone live on BVNK Finance, giving enterprise customers access to Stellar for high-volume digital asset transfers. Stellar said the network supports cross-border payments, remittances, and treasury management at sub-penny transaction costs.

    The collaboration extends Stellar’s exposure to financial institutions and enterprise payment users, broadening its potential role in digital asset settlement and international payments. Meanwhile, XLM futures markets showed sell-side dominance, and spot markets showed large whale orders, while other indicators remained neutral. XLM remained near $0.202 as traders assessed whether institutional developments could eventually translate into stronger network activity.

    Stellar Explores On-Chain Privacy With OpenZeppelin Input

    Stellar has also turned its attention toward on-chain privacy, with discussions focusing on ways to protect transaction confidentiality while preserving transparency. The initiative includes insights from OpenZeppelin, a blockchain security specialist, and aims to improve confidentiality and security for users conducting transactions on blockchain networks.

    Interest in blockchain privacy has expanded across the wider crypto market, and Stellar’s related social media discussion attracted 165 likes and 23 retweets, reflecting visible community engagement. However, XLM’s price showed no major reaction to the privacy discussion, and trading volume saw no significant increase, suggesting market participants are waiting for more concrete developments.

    Conclusion

    XRP and XLM remain in corrective phases after their recent rallies. XRP continues to draw ETF inflows, while Stellar expands enterprise access and investigates additional privacy infrastructure. Traders are now watching whether those developments can offset cautious futures positioning.

  • Bitcoin ETFs See $84M Outflows, XLM Volume Surges 303%, SHIB Drops 5%: Crypto News Roundup

    Bitcoin ETFs See $84M Outflows, XLM Volume Surges 303%, SHIB Drops 5%: Crypto News Roundup

    The cryptocurrency market experienced a series of significant developments, with Bitcoin spot ETFs recording substantial outflows, Stellar’s XLM seeing a massive volume surge, and Shiba Inu declining despite increased token burns. Meanwhile, Malaysia intensified its crackdown on illegal crypto mining, and JPMorgan’s tokenized Ethereum fund expanded sharply.

    Bitcoin ETFs See $84 Million in Outflows

    According to SoSoValue, Bitcoin spot ETFs recorded a total net outflow of $84.86 million yesterday. The Grayscale Bitcoin Mini Trust ETF (BTC) was the only fund to see net inflows, attracting $52.83 million, bringing its total historical net inflow to $2.49 billion. In contrast, Grayscale’s GBTC experienced the highest daily net outflow at $63.69 million, with its total historical net outflow now standing at $27.28 billion. The total net asset value of Bitcoin spot ETFs is $75.34 billion, with an ETF net asset ratio of 6.05% and a historical cumulative net inflow of $51.28 billion.

    Stellar (XLM) Volume Surges 303%

    XLM’s trading volume surged more than 303% in the last 24 hours to $873 million, according to CoinMarketCap. This spike is particularly notable as most major cryptocurrencies, including Bitcoin and Ethereum, saw volume declines of 20% and 15% respectively. The primary catalyst appears to be Stellar’s deployment of the Zipper (Protocol 27) upgrade on mainnet, which introduces authentication delegation for custom accounts and address-bound smart contract credentials. This marks the third major protocol upgrade for Stellar in 2026.

    Malaysia Seizes 75,000 Crypto Mining Rigs

    The Malaysian government has intensified its crackdown on illegal crypto mining, seizing more than 75,000 machines used for cryptocurrency mining. Deputy Home Minister Datuk Seri Dr. Shamsul Anuar disclosed that law enforcement agencies conducted 3,049 raids between 2022 and May 2026, resulting in the detention of 629 individuals linked to illegal mining infrastructure. The operations were coordinated between the Royal Malaysia Police and the state utility company Tenaga Nasional Berhad, targeting electricity theft associated with mining operations.

    JPMorgan’s Tokenized Ethereum Fund Grows 250%

    JPMorgan Asset Management has deployed approximately $800 million across two tokenized funds on the public Ethereum blockchain. The funds, MONY and JLTXX, operate on the bank’s Kinexys digital-asset platform. The newer fund, JLTXX, launched on May 13, 2026, with a $100 million seed investment and grew 250% in its first month, reaching about $695 million by early July 2026. This represents one of the largest tokenized fund deployments by a major US bank.

    Shiba Inu Drops 5% Despite Token Burn

    Shiba Inu fell more than 5% over the past week, indicating that reduced supply alone has not been sufficient to shift market sentiment. According to Shibburn data, the SHIB community burned over 152 million tokens in the past week, lifting the weekly burn rate by 55.77%. A significant portion came from a single-day burn of 110 million SHIB, the network’s largest in six months. Since launch, the community has burned more than 410 trillion SHIB, leaving approximately 585.6 trillion tokens in circulation.

    Key Takeaways

    • Bitcoin ETFs: Total net outflows of $84.86 million, with Grayscale’s GBTC leading outflows at $63.69 million.
    • Stellar (XLM): Volume surged 303% to $873 million following the Zipper Protocol 27 upgrade.
    • Malaysia crackdown: Over 75,000 mining rigs seized and 629 individuals detained in 3,049 raids.
    • JPMorgan tokenized funds: $800 million deployed across two Ethereum-based funds, with JLTXX growing 250% in its first month.
    • Shiba Inu: Fell 5% despite burning over 152 million SHIB in a week, highlighting weak market sentiment.