The crypto market is in cautious consolidation on June 24, 2026, with a clear split emerging between assets sensitive to the CLARITY Act and those driven by protocol-level catalysts. Bitcoin is holding at $62,491, up 0.49% — recovering from yesterday’s $62,000 intraday low after $700 million in liquidations. Ethereum is at $1,664, up 0.99%, staying green for the sixth consecutive day ahead of tomorrow’s BitMine Russell 1000 inclusion. XRP is the standout laggard — down 1.4% to $1.08 after a sharp afternoon selloff triggered by CLARITY Act passage odds collapsing to 48% on Polymarket. Solana holds $69.09 (+0.65%) and BNB recovers to $575 (+0.71%). The dominant theme today: the Russell 1000 catalyst lands tomorrow, the CLARITY Act is in crisis, and the market is pricing both simultaneously.
Key Takeaways Bitcoin at $62,491, up 0.49% — holding above $62,000 after yesterday’s liquidation dip Ethereum at $1,664, up 0.99% — sixth consecutive green day, BitMine Russell 1000 inclusion tomorrow XRP at $1.08, down 1.4% — sharp afternoon selloff as CLARITY Act odds drop to 48% on Polymarket Solana at $69.09, up 0.65% — pulling back from $74 highs but holding above $68 support BNB at $575.21, up 0.71% — steady recovery, cleanest chart in the top 5 BitMine Russell 1000 inclusion: tomorrow, June 26 — estimated $2.15B in forced passive fund buying CLARITY Act: Polymarket 48%, Galaxy Research “roughly even” — Senator Lummis warns: miss August = 2030 AssetPrice24hMarket CapVolume 24hBitcoin (BTC)$62,491+0.49%$1.25T$23.4BEthereum (ETH)$1,664+0.99%$200.84B$8.28BXRP$1.08-1.4%$67.36B$1.36BSolana (SOL)$69.09+0.65%$40.1B$1.87BBNB$575.21+0.71%$77.52B$920.38M Bitcoin: Defending $62,000 After Yesterday’s $700M Liquidation Shock Bitcoin is trading at $62,491 — a 0.49% gain — after the most violent session since the post-FOMC selloff. Yesterday’s intraday dip to ~$62,000 triggered more than $700 million in crypto liquidations across all assets. The 24-hour chart today shows the aftermath: BTC opened near $62,330, dipped twice toward $62,000 in the early hours, then recovered steadily to $62,500–$63,000, where it has consolidated through the afternoon.
The structure is defensive. Volume at $23.4 billion — down 25.62% — reflects reduced urgency after yesterday’s panic. Buyers absorbed the liquidation wave; the question now is whether they can push price back above the $63,500–$64,000 resistance zone that capped last week’s recovery.
The CLARITY Act deterioration is the primary headwind. With passage odds at 48%, the $15 billion ETF inflow scenario that underpinned Citi’s $143,000 year-end target is now a coin flip. Bitcoin’s price is not directly legislative — it has commodity classification regardless — but institutional sentiment is correlated with the broader regulatory environment that CLARITY Act passage would create.
Ethereum: Six Green Days, Russell 1000 Tomorrow Ethereum is the standout performer of the week. At $1,664, up 0.99%, ETH has now posted six consecutive green days — an outperformance streak that has no parallel among major assets this month. The 24-hour chart shows a constructive pattern: ETH opened near $1,649, dipped briefly to that level twice before recovering cleanly to $1,665–$1,675, consolidating near the top of the range through the afternoon.
The structural story is unchanged and intensifying. BitMine bought 52,203 ETH on June 22, bringing total holdings to 5.67 million ETH — 4.7% of all circulating supply, valued at $9.8 billion. Tomorrow’s Russell 1000 inclusion forces passive index funds tracking $4+ trillion in benchmarked assets to buy BMNR stock, with analysts estimating up to $2.15 billion in forced inflows.
Separately, the Ethereum Foundation confirmed a 40% spending cut — reducing the structural ETH sell pressure that has historically come from foundation treasury sales. Combined with the 32% staking ratio and BitMine’s accumulation, the liquid float in ETH is compressing.
Volume at $8.28 billion — down 33.38% — is lower than yesterday but the direction is clean. Low volume on a green day above key support ($1,649 held twice) is accumulation, not speculation.
XRP: CLARITY Act Odds Collapse Triggers Afternoon Selloff XRP is the worst performer in the top 5 today — down 1.4% to $1.08 — and the 24-hour chart explains exactly why. XRP held near $1.10–$1.11 for most of the session, then sold off sharply in the early afternoon to $1.08. The timing matches the CLARITY Act news flow: Galaxy Research moved passage odds to “roughly even” and Polymarket dropped to 48%, down from 74% a month ago.
XRP is the asset most directly exposed to CLARITY Act legislative risk. Passage permanently codifies XRP’s commodity classification into federal law — unlocking US bank custody and the pension fund/sovereign wealth fund capital that currently cannot hold XRP under agency-guidance-only classification. Standard Chartered and JPMorgan both project $4–8 billion in ETF inflows in a passage scenario. A slip to 2030 removes that catalyst entirely for this cycle.
The $1.08 level is now testing the lower bound of the June range. Critical support below is $1.05, then the psychological $1.00 floor. Exchange reserves remain at 7-year lows — 1.6 billion tokens, half the October 2025 peak — meaning the thin float amplifies any directional move in either direction.
Solana: Pulling Back from $74 Highs, Holding Key Support Solana is down from its $74 weekly high to $69.09, up 0.65% on the day. The 24-hour chart shows a choppy session: SOL opened near $68.92, tested $68.25 on two brief dips in early trading, then recovered steadily to $69.50–$70.00 before easing back to $69.09 into the afternoon.
The weekly picture remains the strongest of any top asset: SOL has gained approximately 8% over 7 days, outperforming BTC, ETH, XRP, and BNB. The pullback from $74 to $69 reflects normal profit-taking after a sharp weekly move rather than any structural reversal.
Key support is at $68 — the intraday floor that held today. The 50-day moving average at approximately $71.96 is the technical resistance that needs to be reclaimed for the weekly trend to extend further. Volume at $1.87 billion, down 26.36%, confirms the session is consolidative rather than directional.
BNB: Cleanest Chart in the Top 5 BNB is at $575.21, up 0.71% — the most consistent performer today on a risk-adjusted basis. The 24-hour chart shows BNB opened near $571.64, dipped briefly on the open, then trended steadily higher through $574, $576, $578, $580, before settling near $575–$576. No sharp dips, no liquidation spikes — just a clean grind higher throughout the session.
Market cap at $77.52 billion with volume of $920.38 million — the lowest Vol/Mkt Cap ratio (1.18%) in the snapshot, confirming this is low-volatility accumulation rather than speculative trading. Treasury holdings at 686,070 BNB. BNB’s stability today reflects Binance’s structural market share and BNB Chain’s continued fee and utility demand.
The Two Catalysts That Define This Week Russell 1000 inclusion — tomorrow, June 26. BitMine joins the Russell 1000 at market close. Passive index funds must buy BMNR proportionally. Analysts estimate $2.15 billion in forced buying. BitMine’s NAV is almost entirely ETH. Watch BMNR stock and ETH price correlation on inclusion day — a muted reaction suggests the market priced it in; a sharp move signals the $2.15B estimate was underweighted.
CLARITY Act — 48% odds, August deadline. The bill needs 60 Senate votes and a floor commitment before the August recess. Galaxy Research moved from 75% to roughly even. Polymarket at 48%. Senator Lummis: missing August = 2030. A Senate leadership statement committing to a floor vote would immediately reverse the odds. XRP is the asset most directly affected on both upside (passage) and downside (failure). BTC is indirectly affected through the institutional sentiment channel.
What to Watch This Week June 26: BitMine Russell 1000 inclusion — BMNR stock + ETH price on the day Senate calendar: Any floor vote commitment from leadership is the most important market event for XRP $62,000 BTC floor: Second consecutive day testing that level — a break below opens $61,620 and potentially $59,130 $1.00 XRP: The psychological floor that has held every 2026 pullback — now in range if CLARITY Act news deteriorates further
There’s a fundamental tension in blockchain: everything is transparent, but sometimes you need to prove something without showing your homework. Primus Labs just shipped a solution for that on BNB Chain.
The project’s zkTLS verification layer went live on June 23, creating infrastructure that lets users cryptographically verify off-chain data, think Web2 information like bank balances or identity credentials, without actually revealing the underlying data on-chain.
Advertisement
What zkTLS actually does Oracles like Chainlink solve part of this problem by piping external data on-chain. But they typically handle price feeds and public data, not private user information. zkTLS takes a different approach by using zero-knowledge proofs to verify that specific data exists in a TLS-secured web session without exposing the data itself.
The technology builds on TLSNotary, an open-source protocol for creating cryptographic proofs of web traffic. Primus Labs extended this foundation through its AlphaNet, a decentralized attestation network that makes the verification process trustless rather than relying on a single notary.
The practical applications span several categories: Proof of Reserves for stablecoins and exchanges, reputation-based DeFi lending, real-world asset tokenization, identity verification, and AI-related use cases where data provenance matters.
The backstory and the money behind it Primus Labs, BNB Chain, and Brevis formed a partnership in March 2026 to develop ZKredit, a middleware layer specifically designed for privacy-preserving identity verification. In May 2026, Primus integrated with Unitas and Brevis to enable real-time Proof of Reserves, letting protocols prove they hold what they claim to hold cryptographically without a third-party auditor.
Primus Labs has raised $6.5M in seed and pre-seed funding. The investor list includes VanEck, Dispersion Capital, and Alchemy.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Every major crypto cycle produces one meme coin that captures the cultural moment perfectly. In 2023, that coin was Pepecoin and it rewarded early believers beyond anything most predicted.
Today, a new wave of meme-native projects is emerging, backed by AI infrastructure and structured tokenomics. MemeToro, with its $MT presale underway on BNB Chain, is generating early-stage attention that echoes familiar patterns.
Three specific parallels stand out between $MT’s current presale phase and where PEPE was before the world caught on.
What Made Pepecoin Run Historic Before examining $MT, the Pepecoin 2023 story deserves a factual foundation. Elon Musk began tweeting about Memecoins in early 2021, kicking off a furious rally that culminated in his Saturday Night Live appearance.
Its large market cap now limits the magnitude of future moves, as early asymmetry has largely been captured. The window that early DOGE holders exploited no longer exists for DOGE and PEPE but it may exist for $MT.
Reason 1: Ground-Floor Entry at the Same Price DOGE Once Was The most striking parallel between $MT and early DOGE is the entry price itself. DOGE was trading around $0.004 in January 2021, right before its historic run began.
The $MT presale is currently priced at exactly $0.00139 per token. This is not a coincidence that MemeToro highlights lightly, it is a deliberate positioning signal.
Investors who entered PEPE at sub-penny prices saw life-changing returns within months. $MT sits at that same numerical starting point, in a market cycle where AI-memecoin narratives are accelerating.
Ground-floor entries at this price level are rare for structured, audited projects with working products. For investors who understand what early PEPE positioning looked like, the $0.00139 price point carries significant weight.
Reason 2: Community-First Tokenomics With Real Infrastructure Behind Them PEPE’s 2023 rise was fueled almost entirely by community energy, there was no staking, no utility layer, no ecosystem.
MemeToro takes the community-first model but adds the infrastructure Pepecoin never had. The public sale allocates 71% of total $MT supply directly to the community, one of the highest ratios in any 2026 presale.
Staking is already live, offering up to 35% APR on $MT from day one. Marketing and partnership tokens are locked under a 24-month vesting schedule, protecting against early sell pressure.
The smart contract has been independently audited by approved third-party security firms. Pepecoin proved that community momentum alone can drive enormous gains. $MT pairs that same community-first spirit with tokenomics that reward long-term participation.
Reason 3: An AI Agent That PEPE Never Had and the Market Now Demands The crypto market has evolved significantly since 2023. MemeToro’s $MT AI Agent is where this project most clearly separates itself from anything PEPE offered. The agent autonomously scans social media, global news, and cultural trends in real time. It identifies viral memecoin narratives before they peak, then acts on them without manual input.
This is the infrastructure layer that PEPE never had, an autonomous, AI-driven system built specifically for the memecoin economy. Bonded memecoins created on the platform auto-list on PancakeSwap, secured by BNB for transparent market access.
The platform also integrates prediction markets, portfolio management tools, and creator reward systems under one ecosystem.
MemeToro gives $MT holders both: the meme energy of early PEPE and the AI infrastructure that the current cycle demands.
The Early Window Is Always Finite The most important lesson from PEPE in 2023 is that the early window closed quickly. Those who bought after the headlines arrived entered a different risk-reward environment entirely.
$MT is still in its presale phase at $0.00139, before exchange listings, before mainstream coverage, before the crowd. The presale allows payment via BNB, ETH, USDT, or card, keeping access broad.
For investors who missed the meme coin moment in 2024, the $MT presale is presenting a second look at familiar timing.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Artificial intelligence continues to attract capital across crypto markets as investors search for sectors showing active development despite broader volatility. The trend is especially visible on Binance Smart Chain, where AI-powered ecosystems are seeing growing attention from both developers and traders.
At the same time, BNB remains relatively stable and continues targeting the $610 area.
Against this backdrop, several AI-focused projects are emerging as leaders within the ecosystem. Among them, MemeToro ($MT) has become one of the most discussed names as its Stage 2 presale approaches completion and interest in AI-powered blockchain applications continues expanding.
Why BNB Chain Is Becoming a Center for AI Innovation The rise of AI-focused projects on BNB Chain is not happening by accident.
The ecosystem offers low transaction costs, deep liquidity, and one of the largest user bases in crypto. These advantages have helped attract developers building autonomous systems, AI-powered applications, and data-driven infrastructure.
Recent initiatives have accelerated this trend further.
The BNB HACK: AI Trading Agent Edition, backed by BNB Chain, CoinMarketCap, and Trust Wallet, has helped place additional attention on autonomous trading technologies and machine-driven financial applications.
As a result, AI has become one of the most active development categories within the Binance ecosystem.
MemeToro ($MT): The Most Watched AI Presale on BNB Chain MemeToro has emerged as one of the standout AI-focused projects currently building on BNB Chain.
The platform operates as a SocialFi ecosystem designed to combine artificial intelligence, memecoin creation, prediction markets, staking, and market intelligence within a single environment.
At the center of the platform is the MemeToro AI Agent.
The system continuously scans social media conversations, market sentiment, cultural moments, and global news events to identify viral narratives before they gain widespread attention. The goal is to help users discover opportunities earlier through automated intelligence.
The project’s growing visibility has been reflected in its fundraising progress.
With Stage 2 surpassing 90% completion, MemeToro has become one of the most closely watched AI-related presales in the Binance ecosystem.
Venus Protocol: AI-Powered Risk Management at Scale Venus Protocol remains one of the most established AI-integrated platforms operating on BNB Chain.
Rather than focusing on content creation or trend analysis, Venus applies artificial intelligence to decentralized finance. The protocol uses advanced AI-driven risk engines to dynamically manage collateral structures and lending parameters.
This functionality has become increasingly important as tokenized assets and lending markets continue expanding.
By focusing on financial infrastructure rather than speculation, Venus occupies a unique position within the BNB Chain AI landscape and remains a key protocol for many ecosystem participants.
MyShell: Empowering the Next Generation of AI Creators MyShell has become one of the leading AI-agent creation platforms in crypto.
The project allows users to deploy, customize, and monetize AI-powered agents without requiring deep technical expertise. Developers can build interactive chatbot experiences while generating revenue through the platform.
This accessibility has helped drive significant adoption.
As demand for personalized AI experiences grows, tools that simplify development are becoming increasingly valuable. MyShell continues benefiting from that trend and remains one of the most active AI ecosystems on BNB Chain.
Its creator-focused approach helps distinguish it from infrastructure and finance-oriented projects.
NFPrompt (NFP): Bringing AI to Digital Content Creation NFPrompt occupies a different segment of the AI economy.
The platform focuses on AI-powered prompt generation, content creation, and digital asset production. Users can generate creative content while leveraging BNB Chain’s low transaction costs to verify and manage assets on-chain.
This model appeals to creators looking for blockchain-integrated AI tools.
As artificial intelligence continues influencing media production, projects such as NFPrompt are helping bridge the gap between content creation and decentralized ownership.
That positioning has helped NFPrompt remain one of the more visible AI projects within the ecosystem.
QnA3.AI: Turning Blockchain Data Into Usable Insights QnA3.AI focuses on helping users navigate increasingly complex crypto markets.
The platform functions as an AI-powered knowledge engine that analyzes blockchain activity, market trends, and ecosystem developments. Machine learning systems process large volumes of information and present insights in a more accessible format.
For traders and investors, this utility can be highly valuable.
As crypto ecosystems become more data-intensive, tools capable of simplifying information are becoming increasingly important.
This has helped QnA3.AI secure a strong position among Binance Smart Chain’s leading AI projects.
Are AI Agents the Future of Crypto? BNB’s continued climb toward the $610 region reflects ongoing confidence in the Binance ecosystem despite broader market uncertainty. At the same time, AI-focused projects continue attracting attention as automation, intelligence, and data infrastructure become increasingly important themes.
MemeToro, Venus Protocol, MyShell, NFPrompt, and QnA3.AI each represent different corners of the growing AI economy. From autonomous memecoin creation and SocialFi tools to risk management, content generation, and knowledge engines, these projects highlight how diverse the AI movement on BNB Chain has become.
As AI adoption continues expanding across crypto, these five projects are likely to remain among the most closely watched names in the ecosystem throughout 2026.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Every week, new builders join BNB Chain - spanning DeFi, AI, RWAs, infra and more.
Scroll through the latest projects below. If something grabs your attention, give them a follow. We’ll keep updating this list as the ecosystem grows.
The momentum’s real. Let’s keep pushing Web3 forward.
Project name
Category
Description
Colb Finance
RWA
Peerless exposure to Swiss-grade wealth management strategies, pre-IPO opportunities, and premium investment funds.
Turnkey
Infra
Secure, scalable crypto wallet infrastructure for payments, stablecoins, DeFi and AI agents.
Primus
Privacy
Powering verifiable data, actions, and execution across AI agents, DeFi, and beyond.
RWAlpha
RWA
All-in-one Infrastructure for RWA Yield.
Unitas
RWA
The Yield Generation Layer for the Internet of Value.
Fluidkey
Privacy
Receive, grow your wealth, and spend with global accounts, instant yield, and privacy protection.
Glider
RWA
Hold stocks, crypto, and commodities in one automated portfolio.
IMPORTANT: Please note that all the information in the table above is for informational purposes only and should not be considered financial advice. Please DYOR.
Follow us to stay updated on everything BNB ChainWebsite | X | Telegram | Facebook | dApp Store | YouTube | Discord | LinkedIn | Build N' Build Forum
Decentralized finance is going through one of its worst phases since 2022. According to CryptoRank data, DeFi TVL has dropped by 39% since the beginning of the year. It went from 115 billion dollars in January to about 70 billion in June 2026. In six months, nearly 45 billion dollars of capital have thus left the DeFi ecosystem. This hemorrhage raises a fundamental question: is this a cyclical crypto correction or a deeper structural signal?
In brief According to CryptoRank, DeFi TVL has dropped 39.1% since January 2026. Ethereum remains the leading DeFi ecosystem with 38.9 billion dollars TVL. Among the top 10 crypto blockchains by TVL, only Tron and Hyperliquid recorded growth this year. 121 security incidents caused about 942 million dollars in losses. DeFi TVL in free fall since January 2026 According to onchain analyses published by CryptoRank on June 24, 2026, DeFi TVL has decreased each month since January. This uninterrupted monthly decline represents a cumulative loss of about 45 billion dollars in half a year. It is equivalent to the total capitalization of several major altcoins evaporated from the crypto sector.
This DeFi decline is primarily explained by the generalized crypto market correction. Bitcoin had reached an all-time high above $122,000 in October 2025, thus bringing the total market capitalization to 4.21 trillion dollars. Since then, the pullback has been sharp:
Total capitalization hovered around 2.15 trillion dollars at the end of June 2026, a nearly 50% contraction from the peak. Bitcoin has lost more than 28% since January 1, Ethereum 43%, and Solana more than 43%. This relationship is mechanical: a large part of DeFi TVL is denominated in native assets (ETH, SOL, BNB), whose dollar value has sharply declined. The contraction of DeFi TVL thus reflects both user flight and depreciation of assets locked in crypto protocols.
Crypto network Ethereum still dominates, Arbitrum in free fall The hierarchy of crypto blockchains by TVL remains dominated by Ethereum with 38.9 billion dollars. This alone represents more than half of the entire global DeFi TVL.
Among the top ten chains, Arbitrum records the largest proportional contraction: -55.3% at 1.3 billion dollars. This level brings Ethereum’s layer-2 back to its end-2022 capital.
BNB Chain (-22.7%) and Base (-5.2%) fare better, while Solana falls by 40.5% to 4.93 billion dollars. This level remains significant but is markedly down from the ambitions displayed in 2025.
Ranking of DeFi protocols according to their TVL (Source: CryptoRank) Tron and Hyperliquid, the two exceptions worth attention In this generally degraded picture, two crypto blockchains stand out as anomalies. Tron and Hyperliquid are indeed the only ones among the top ten by TVL to have recorded positive growth in 2026.
Tron shows a 5% increase, raising its TVL to 4.63 billion dollars. This resilience is explained more by its function than by a resurgence of speculative activity. Tron remains the crypto network of reference for settlement in USDT (Tether stablecoin). A large portion of its TVL is concentrated in staking, lending, and stablecoin transaction protocols.
Rising 6.7% to 1.52 billion dollars, Hyperliquid presents a more interesting profile from a usage perspective. Having become the leading onchain perpetual contracts market, the crypto protocol attracted regular flows throughout the year thanks to its expanding HyperEVM ecosystem (lending, liquid staking, and DeFi primitives). According to Fortune, it even appears in the Crypto 100 ranking.
121 crypto hacks in 2026: the second factor in the DeFi debacle The crypto market correction is not the only cause of the decline of DeFi TVL. A wave of rare intensity hacks has significantly increased the pressure on the sector.
According to CryptoRank, 121 hacks have been recorded since the beginning of the year for total losses amounting to roughly 942 million dollars. Worse yet! Only the second quarter of 2026 concentrated 85 crypto incidents, representing about 775 million dollars stolen. This makes Q2 2026 the most active quarter ever recorded in terms of exploits.
The two most devastating attacks occurred in April, within a few days:
Drift Protocol suffered a breach estimated between 280 and 295 million dollars. KelpDAO was victim to a LayerZero cross-chain bridge vulnerability that cost it 293 million dollars. Alone, these two crypto attacks represent more than half of the sector’s annual losses.
One thing is certain: the DeFi market is undergoing a marked correction in 2026. The ability of crypto protocols to restore technical trust will be the main performance indicator to watch in the coming months.
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Join the program
A
A
Lien copié
Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
A longstanding parallel in the crypto payments arena has been disrupted as Stellar and XRP, once closely correlated, now move in opposite directions. Since late May 2026, Stellar has seen a robust upward trend, while XRP continues to slide. The divergence is tied to fresh, remarkable data from the asset tokenization sector and contrasting technical outlooks for both blockchains.
Tokenization data accelerates the splitAt the heart of this shift is a headline development: DTCC, a key post-trade infrastructure provider for US financial markets, announced plans to tokenize a wide range of assets—including equities, ETFs, and US Treasury bonds—on the Stellar blockchain in the first half of 2027. With its pivotal role in securities clearing and safekeeping, DTCC’s move is seen as a significant endorsement of Stellar’s technological edge.
Mini glossary: Asset tokenization refers to converting traditional financial products like stocks, bonds, or funds into digital representations on blockchain networks. RWA means “real-world assets”; in this sector, on-chain transaction volume and the investor base are key performance indicators.
According to RWA.xyz data, although the XRP Ledger (XRPL) hosts more projects, Stellar has pulled ahead in capital size and user activity. While XRPL counts 302 RWA projects compared to Stellar’s 68, asset value deployed on Stellar has swelled to $2.83 billion—a surge of 21.62 percent in the last month. For XRPL, the figure has fallen to $360.32 million, marking a 10.83 percent decline.
RWA data reveal that project count alone isn’t decisive. Stellar has seen stronger momentum lately when it comes to capital flows, transfer activity, and its investor base.
The 30-day RWA transfer volume reinforces this point. Stellar’s saw a remarkable 142.34 percent rise to $661.84 million, whereas XRPL lagged behind at $44.93 million. The gap is also widening among investors: Stellar’s number of RWA holders climbed by 44.75 percent to reach 17,803 addresses, in stark contrast to XRPL’s 122 addresses.
Notable performance gap in price actionMarket pricing has echoed on-chain developments. Since the end of May 2026, Stellar’s XLM token has rallied by roughly 49.44 percent, as XRP tumbled 15.78 percent over the same period. Still, XRPL is not entirely left behind: in overall stablecoin volume, it maintains a lead at $922.42 million versus Stellar’s $296.24 million. Over the last 30 days, XRPL also outpaced Stellar in stablecoin transfer volume, logging $5.11 billion to Stellar’s $4.27 billion.
What do technical charts suggest?On the daily chart, XLM displays a powerful surge in late May, with prices expanding past the upper Bollinger Band and hitting around $0.29. Its RSI cooled from overbought territory to 57.64, suggesting a period of consolidation following the steep rally.
XRP’s chart, on the other hand, reflects ongoing pressure. In early June, the price slipped below the middle Bollinger Band, confirming a tilt toward sellers. At the time of reporting, XRP trades near $1.13, squeezed between the $1.1739 middle line and the $1.0526 lower band. The RSI, now at 39.34, shows buyers are weak but the indicator is nearing oversold territory.
A narrowing Bollinger Band on XRP signals a buildup of momentum before a decisive price move. If the coin manages to hold above the psychological barrier at $1.10 and the lower band at $1.0526, a relief rally could be possible. Should these supports falter and capital continue shifting toward the Stellar ecosystem, XRP may first retest the $1.0526 level and then challenge its major support at $1.00.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
9 minutes ago
Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
9 minutes ago
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
9 minutes ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
9 minutes ago
US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
9 minutes ago
CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
TLDRMoneyGram Expands Its Role on the Solana NetworkStablecoin Efforts Continue Across Multiple BlockchainsGet 3 Free Stock Ebooks MoneyGram became a validator on the Solana blockchain network. The company will help process transactions and support Solana network security. MoneyGram joined the Solana Developer Platform for institutional blockchain development. The move follows the recent launch of the MGUSD stablecoin on Stellar. MGUSD was launched through a partnership with Stripe-owned Bridge. MoneyGram expanded its blockchain infrastructure strategy after joining the Solana network as a validator. The company also entered the Solana Developer Platform while advancing stablecoin-based payment services. The move follows the recent launch of its MGUSD stablecoin and reflects its growing involvement across multiple blockchain networks.
MoneyGram Expands Its Role on the Solana Network MoneyGram announced on Monday that it now operates a validator on the Solana blockchain. Through this role, the company will help process transactions and support network operations.
Validators play a central role in Solana’s proof-of-stake system. They verify transactions and help maintain network security and performance.
The company also joined the Solana Developer Platform. The initiative supports institutions that build financial products and services on Solana.
MoneyGram said the latest step aligns with its blockchain infrastructure strategy. The company continues to increase its participation across networks that support digital payments.
Anthony Soohoo, MoneyGram’s chief executive officer, outlined the company’s approach in a statement. He said blockchain technology already supports several of the company’s payment services.
“MoneyGram has spent the past several years integrating blockchain into our payment infrastructure, and everything we are building now leverages this foundation,” Soohoo said.
Stablecoin Efforts Continue Across Multiple Blockchains MoneyGram recently launched its MGUSD stablecoin on the Stellar blockchain. The company introduced the asset through a partnership with Bridge, which Stripe owns.
The stablecoin launch marked another step in MoneyGram’s digital asset strategy. The company has focused on blockchain-based remittances and settlement services for several years.
Soohoo also highlighted the company’s long-term payments strategy. He said stablecoin networks can support broader access to global money transfers.
“We believe the future of global money movement will be built on open, interoperable stablecoin rails that anyone, anywhere can access,” Soohoo said.
MoneyGram stated that it does not intend to rely on a single blockchain. Instead, it continues to build services across several networks that support digital payments.
The company recently joined Tempo as an anchor validator. Tempo operates as a payments-focused blockchain network.
MoneyGram’s latest Solana validator role adds another blockchain relationship to its infrastructure portfolio. The company now supports blockchain operations through both validator participation and stablecoin development.
Its MGUSD stablecoin remains active on Stellar through the partnership with Bridge. Meanwhile, MoneyGram continues expanding blockchain-based payment services across multiple networks.
The recent surge in Stellar’s price has captured significant market attention, especially as key technical indicators on the daily chart come into focus. The 50-day moving average has touched the 200-day moving average, raising anticipation about whether these levels will cross in an upward “golden cross” in the coming days. Market participants are closely monitoring this potential development for clues about XLM’s next direction.
Golden cross threshold draws focusIn technical analysis, when the 50-day moving average rises above the 200-day, it signals what’s known as a “golden cross”—typically seen as a sign of strengthening momentum. Conversely, a movement in the opposite direction indicates a “death cross,” signaling potential weakness. Currently, the upward trend in the 50-day average has the market watching closely for confirmation of a golden cross, which could point to further gains for XLM.
Mini glossary: A golden cross occurs when the short-term moving average crosses above the long-term average, often associated with a strengthening trend. The death cross is the opposite, signaling potential weakness.
XLM has climbed 47.3% in the last 30 days. If this sought-after technical signal emerges, it would mark the first major golden cross for Stellar since early 2026. The last similar setup occurred in July 2025 when XLM soared to $0.52, followed by the golden cross. However, in the weeks afterward, the price subsequently corrected lower.
The approach of the 50- and 200-day moving averages on the daily chart has become a defining factor for XLM’s technical outlook, and the market is now assessing whether this signal will bolster the ongoing rally.
$0.30 comes back into play for price actionThere are clear similarities with last year’s pattern. XLM saw a sharp ascent to $0.297 near the end of May, followed by a mild pullback. This has prompted discussion over whether a possible golden cross will ignite a new surge or if profit-taking will keep prices in check in the short term.
Analysts are also watching to see if XLM can maintain levels above the daily 50- and 200-day moving averages. Sustaining these thresholds is viewed as vital for extending the upward trend. Should this scenario play out, another test of the $0.30 mark could remain on the table.
Binance listings and July protocol upgradeMeanwhile, Binance is preparing to launch two new trading pairs for Stellar on its spot trading platform. According to Binance’s statement, XLM/U and XLM/USD1 pairs will go live on July 23 at 08:00 UTC. The exchange noted this move will expand trading options for users. Spot Algo Orders trading bots will also be enabled for these pairs at the same time.
Stellar’s blockchain is also gearing up for a significant technical upgrade in July. The so-called Protocol 27 update, also known as “Zipper,” is set to introduce innovations such as delegated authentication for private accounts and address-linked Soroban identity management. The mainnet vote for this upgrade is slated for July 8, 2026. The deployment will follow trials on the test network.
Stellar is recognized as an open-source blockchain network focused on cross-border payments. Its native asset, XLM, is used both for transaction fees and value transfers within the Stellar ecosystem.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Franklin Templeton, one of the leading names in traditional finance, has unveiled a dedicated crypto assets division following the completion of its acquisition of 250 Digital. The New York-based investment giant announced that its new unit, named Franklin Crypto, will focus on serving sovereign wealth funds, pension funds, and other institutional investors seeking exposure to digital assets.
Integration of 250 Digital kickstarts new eraWith $1.78 trillion in assets under management, Franklin Templeton finalized the acquisition of 250 Digital after reaching an agreement in April. 250 Digital, originally spun off from CoinFund earlier this year, had established itself as a specialized crypto investment operation. This move signals Franklin Templeton’s commitment to formalizing its presence in the digital assets landscape and expanding its capabilities within the sector.
Rather than remaining on the sidelines with limited experimental initiatives, Franklin Templeton is now positioning itself as a full-fledged player in the crypto space. According to their statement, the firm is actively pursuing crypto strategies based on technologies such as XRP Ledger, Stellar, Polygon, and Aptos.
Glossary: XRP Ledger is known as a blockchain network primarily focused on payments and asset transfers. Stellar similarly centers on cross-border transactions, whereas Polygon and Aptos are widely used networks for broader application development.
Industry veterans lead the new unitThe newly formed Franklin Crypto division will be led by Christopher Perkins, a veteran with extensive experience in the crypto industry. On the investment side, Seth Ginns will take on the role of Chief Investment Officer. Both will work closely with Tony Pecore from the Franklin Templeton Digital Assets team to steer the new organization.
Franklin Templeton is allocating its own capital to the liquid cryptocurrency strategies previously managed by CoinFund, highlighting the firm’s increasingly institutional approach to digital assets.
An important detail in the company’s statement concerns the financing of the acquisition, with a portion carried out using BENJI tokens. BENJI represents the on-chain version of the Franklin OnChain U.S. Government Money Fund.
ETF activity remains strongFranklin Templeton has been especially active in the crypto field in recent years. Earlier this week, the firm filed applications for two new Bitcoin-linked exchange-traded funds. The planned products—Franklin US Equity Bitcoin DRIP Index ETF and Franklin US Innovation Bitcoin DRIP Index ETF—aim to offer investors a mix of 95% U.S. equities and 5% Bitcoin.
Franklin Templeton also drew attention last year with the launch of its XRP ETF. During the trading week from June 14 to June 18, the firm’s spot XRP ETF, XRPZ, recorded the largest net inflow in its category, attracting $6.7 million of net investments over five days.
Based in the United States, Franklin Templeton is recognized as a longstanding and reputable financial institution in asset management. Its recent steps underscore a strategy to broaden the visibility and reach of its digital asset products and investment solutions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
MoneyGram has launched an active validator node on Solana and joined its institutional developer platform, making Solana the payments giant’s third blockchain validator commitment alongside Tempo and Midnight. The move deepens a blockchain infrastructure push that began with Stellar remittances in 2021.
MoneyGram has launched an active validator node on the Solana network and joined Solana's institutional developer platform, marking the payments company's third blockchain infrastructure commitment and its first direct participation in Solana consensus.
The company announced the move via press release on June 22, describing its validator as staking SOL, processing transaction blocks, and contributing to network security. MoneyGram simultaneously joined the Solana Developer Platform, an AI-ready, API-driven institutional build environment designed for compliant financial product development whose members include Mastercard. Luke Tuttle, MoneyGram's chief product and technology officer, framed the move in operational terms: "We help run the rails we move money on." MoneyGram serves more than 60 million active customers through nearly 500,000 retail locations, with over 70% of transactions now digital.
Solana Third After Tempo, MidnightSolana is now MoneyGram's third active blockchain validator position. The company serves as anchor remittance validator for Tempo and holds a validator stake on Midnight, Cardano's privacy-focused sidechain. The trio reflects a pattern of MoneyGram placing infrastructure bets alongside payment-focused partnerships rather than simply integrating third-party rails.
Sheraz Shere, general manager of payments and commerce at the Solana Foundation, noted that MoneyGram's "global scale and experience serving customers across markets" matches the kind of counterparty the foundation wants engaged as more payments activity shifts on-chain.
MGUSD, Stellar ContextThe Solana move follows MoneyGram's June 2 launch of MGUSD, a USD-backed stablecoin issued on Stellar via Stripe-owned Bridge. That token, described as "GENIUS Act-ready," makes MoneyGram an issuer of a U.S. dollar token on a public chain. MoneyGram has operated on Stellar since a 2021 partnership with the Stellar Development Foundation that has since facilitated more than $4.2 billion in USDC remittance volume.
Chairman and CEO Anthony Soohoo described the company's direction: "We believe the future of global money movement will be built on open, interoperable stablecoin rails that anyone, anywhere can access."
SOL was trading at $71.71 at the time of the announcement.
Ripple (XRP) and Stellar (XLM) remain under selling pressure on Tuesday as cautious market sentiment continues to weigh on the broader crypto market. XRP struggles to reclaim the upper boundary of its falling channel, while XLM extends its decline for a fifth consecutive day. Weak on-chain activity and cautious derivatives metrics raise the risk of a deeper correction.
Derivatives metrics support a fading interest among tradersDerivatives metrics support a negative outlook for XRP and XLM. XLM’s futures Open Interest (OI) dropped to $2.70 billion on Tuesday after a mild rise in early June but has been continuously falling since October 2025. This drop in OI reflects waning investor participation and projects a bearish outlook.
Similarly, XLM futures OI dropped to $175 million on Tuesday after sharp rises at the end of May and in mid-June, and has since steadily declined, supporting a bearish outlook.
XRP open interest chart. Source: Coinglass
XLM open interest chart. Source: CoinglassIn addition, CoinGlass’ long-to-short ratio for XRP and XLM read 0.87 and 0.77, respectively, on Tuesday, nearing their lowest levels in over a month. This ratio, being below 1, reflects bearish sentiment in the market, as more traders are betting the asset’s price will fall.
XRP long-to-short ratio chart. Source: Coinglass
XLM long-to-short ratio chart. Source: CoinglassMixed data in on-chain caps upside moveCryptoQuant’s summary data shows mixed sentiment. XRP’s spot markets show large whales' orders with neutral conditions in other metrics, supporting a potential recovery.
However, XLM shows an overheating condition in the spot and futures markets, with rising retail activity and sell-side dominance, hinting at bearish sentiment among traders and capping any potential recovery.
XRP summary data. Source: CryptoQuant
XLM summary data. Source: CryptoQuantMeanwhile, SoSoValue data shows some signs of optimism. Spot Exchange Traded Funds (ETFs) recorded an inflow of $5.31 million on Monday, marking the second consecutive day of inflow since last week. If this inflow trend continues and intensifies, XRP could see a recovery ahead.
Total XRP spot ETF net inflow daily chart. Source: SoSoValueXRP technical outlook: Momentum indicators show early bearish signsXRP price trades at $1.128 on Tuesday after being rejected from the upper boundary of the falling channel in the previous week. XRP remains under clear bearish pressure, holding well below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) at $1.248, $1.345, and $1.552, respectively, reinforcing a downside bias. At the same time, the price stays capped beneath this bearish stack.
Momentum has stabilized, with the Relative Strength Index (RSI) hovering near 39 and Moving Average Convergence Divergence (MACD) in mildly positive territory but flattening, suggesting only tentative recovery attempts within a still-dominant downtrend channel.
On the topside, initial resistance aligns with the upper boundary of the downward parallel channel around $1.199, where sellers are likely to defend the recent breakdown. Above that, the 50-day EMA at $1.248 is the next hurdle before the horizontal barrier at $1.300, followed by the 100-day EMA at $1.345 and the 200-day EMA at $1.552, ahead of a more distant resistance level at $1.900. With no nearby technical floors visible below the current price, any renewed selling would leave XRP vulnerable to finding fresh support at uncharted lower levels unless it can quickly reclaim the $1.199 area.
XLM technical outlook: Technical indicators show bearish signsXLM trades at $0.1994 on Tuesday, holding below the 200-day EMA at $0.2028 and just under the 61.8% Fibonacci retracement at $0.2001, which together cap the upside and keep the near-term bias mildly bearish. XLM remains above the 50-day EMA at $0.1926 and the 100-day EMA at $0.1865, suggesting an ongoing consolidation inside a broader corrective phase. At the same time, the RSI at 48 is neutral, and the MACD has slipped slightly into negative territory, hinting that upside momentum is fading.
On the topside, initial resistance is aligned at the 61.8% Fibonacci retracement at $0.2001, followed closely by the 200-day EMA at $0.2028; a sustained break higher would expose the 50% retracement near $0.2188 and then $0.2376 and $0.2607, corresponding to the 38.2% and 23.6% Fibonacci retracements of the latest swing.
On the downside, immediate support emerges at the 50-day EMA at $0.1926, ahead of the 100-day EMA at $0.1865; a deeper pullback would turn focus toward the horizontal floor around $0.1774 and the 78.6% Fibonacci retracement at $0.1735, with more distant supports at $0.1421 and the cycle low area near $0.1395.
(The technical analysis of this story was written with the help of an AI tool.)
Stellar (XLM) is steadily moving closer to the cryptocurrency top 10 following a strong month-long rally.
After spending most of the year ranked between 17th and 21st by market cap, XLM has emerged as one of the market’s best-performing large-cap assets.
The token surged more than 30% over the past month. Although XLM has recently faced profit-taking pressure—falling 9.72% over the past week and 7.96% in the last 24 hours to $0.1953—it continues to hold a significant portion of its gains.
Factors Fueling Stellar Rally Several major developments have fueled Stellar’s recent rise. Last month, crypto payments network Mesh integrated Stellar as a settlement layer for its global payment ecosystem.
At the same time, the development team behind the network activated Protocol 26, also known as the Yardstick upgrade, on the mainnet. The upgrade improved network security and expanded Stellar’s appeal to institutional participants.
Following the upgrade, stablecoin issuer Circle launched its Cross-Chain Transfer Protocol (CCTP) on the Stellar mainnet, further enhancing interoperability across blockchain networks.
Meanwhile, DTCC partnered with SDF to tokenize DTC-custodied assets on Stellar by next year, marking one of the ecosystem’s most significant institutional initiatives.
The Stellar network maintained positive momentum into June, highlighted by the release of JS SDK v16.0.0 alongside the Protocol 27 testnet upgrade. Additionally, Archax launched the tokenized U.S. Treasury Bill product, GOVY, on Stellar, strengthening the network’s position in real-world asset tokenization.
How Close Is Stellar to the Top 10? Despite surrendering part of its recent gains, Stellar remains firmly in contention for a top-10 position. XLM currently ranks as the 13th-largest cryptocurrency with a market capitalization of $6.61 billion.
Last week, the token briefly climbed to 12th place after posting a 27% weekly gain and overtaking Zcash in the rankings. However, the subsequent market pullback pushed Stellar back to 13th.
At press time, Stellar trails three cryptocurrencies ahead of it in the rankings:
Zcash (12th) — $7.31 billion market cap Unus Sed Leo (11th) — $8.76 billion market cap Dogecoin (10th) — $12.76 billion market cap Stellar ranking What Would It Take for XLM to Enter the Top 10? For Stellar to break into the top 10, its market cap would need to rise to roughly $13 billion, assuming Dogecoin’s valuation remains unchanged.
That would require an increase of approximately 97% from Stellar’s current $6.61 billion market cap. Based on current supply levels, such a move would translate to an XLM price of around $0.38 per token.
While that target remains ambitious, Stellar’s recent ecosystem growth, institutional partnerships, and ongoing technical upgrades have positioned XLM as one of the strongest contenders for a top-10 ranking in the current market cycle.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Recent developments on the Stellar network, especially its expansion in the tokenization of real world assets (RWA), have again brought attention to XLM’s price trajectory. At the time the news was published, XLM had fallen 2.67% in the past 24 hours, trading at $0.2042. Despite this dip, analysts highlighted XLM’s renewed push toward the critical resistance level of $0.2215 as a key focus for market observers.
Key resistance emerges in technical outlookAccording to TradingView data, XLM recently broke out from a strong consolidation zone near $0.15, surging up to $0.26. However, profit taking after this rally prevented the price from holding above $0.2215, leading to a pullback to the current $0.2042 level. This has left questions about whether buyers can maintain momentum in the short term.
Importantly, XLM’s price has remained above both the 50-day and 200-day moving averages, sitting at approximately $0.1850 and $0.1856, respectively. This positioning suggests that, despite the recent retreat, the broader uptrend is not yet broken from a longer-term perspective.
IndicatorLevelCurrent price$0.2042Resistance$0.221550-day moving average$0.1850200-day moving average$0.1856Potential support$0.19During XLM’s recent upswing, a clear increase in trading volume pointed to robust buyer interest. Yet, the most recent candlesticks show declining volume, indicating a cooling of upward pressure. If buyers can reclaim the $0.2215 zone, the price may attempt another rally toward previous highs. On the flip side, if the price drops below both moving averages, the support area around $0.19 could be back in play.
TradingView’s data shows that after breaking through the $0.15 consolidation band, XLM moved toward $0.26, but failed to sustain itself above the $0.2215 resistance, resulting in a pullback to $0.2042.
Real world asset total on Stellar exceeds $3 billionBeyond price action, fundamental developments on the Stellar network have also fueled interest in XLM. In a recent statement, StellarOrg announced that the total value of real world assets on its blockchain has surpassed $3 billion. The platform noted that it crossed the $1 billion, $2 billion, and now $3 billion milestones since the beginning of 2026.
Glossary: Real world assets (RWA) refers to bringing traditional financial assets such as bonds, funds, cash equivalents, or loan products as digital representations on blockchain. Tokenization lets these assets be moved onto the blockchain, enabling faster transfers, transparent tracking, and programmable usage.
The announcement highlighted institutional players like Franklin Templeton, Ondo, Spiko, Centrifuge, and WisdomTree Prime. Stellar, known for its focus on payments and asset transfers, is seeing this growth at a time when institutional participation in the tokenization market is rising notably.
StellarOrg revealed that more than $3 billion in real world assets are now present on the network, marking a progression past the $1 billion, $2 billion, and $3 billion thresholds during 2026.
Market focus divided between fundamental data and price levelThe increasing value of assets on the network is viewed as a development that strengthens Stellar’s position in the fast-growing tokenization sector. Analysts note that if institutional interest continues, it could further support transaction activity and liquidity within the network. However, ongoing volatility across the broader crypto market means that XLM’s price remains sensitive to changes in market sentiment.
As a result, market participants are closely watching both the growth in RWA on the Stellar network and the critical $0.2215 resistance level for XLM. Whether this level will be breached, or will prove insurmountable in the short term, could determine the direction of the price in the coming days.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The headline reads like a fresh defection. The timeline tells a different story, and the real loss for XRP is smaller and stranger than the framing suggests.
Summary
MoneyGram’s Ripple partnership ended years before MGUSD launched on Stellar. XRP loses little mechanically because MoneyGram was no longer using its bridge flow. The symbolic damage matters because MoneyGram was once a flagship XRP use case. The bigger threat is stablecoins replacing the bridge-token role XRP was built to serve. MoneyGram launched its own dollar stablecoin, MGUSD, on the Stellar blockchain. The product is built into the MoneyGram app as a non-custodial wallet, issued through Stripe’s Bridge platform, with smart contracts handled by M0 and wallet security by Fireblocks.
The pilot opened in the United States, with a global rollout planned across MoneyGram’s network of roughly 500,000 cash-in and cash-out locations. The crypto press framed it the way it always does: MoneyGram picked Stellar, MoneyGram snubbed Ripple, XRP just lost a giant.
The framing is tidy and mostly wrong about the timing. To work out whether XRP actually loses anything, you have to separate three things that the headline blends together: what MoneyGram built, when MoneyGram and Ripple actually parted ways, and what XRP the token was ever getting from that relationship in the first place.
What MoneyGram actually launched MGUSD is a dollar-pegged stablecoin, one more entry in a crowded field, but the way it is wired tells you what MoneyGram is trying to do.
The token is issued through Stripe’s Bridge, the stablecoin infrastructure platform Stripe acquired to let companies mint and manage dollar-backed tokens without standing up the machinery themselves. The smart-contract layer comes from M0, a stablecoin platform that gives issuers a shared standard to build on.
Wallet security runs through Fireblocks, the custody and key-management provider that large institutions use to hold digital assets. The wallet itself lives inside the MoneyGram app and is non-custodial, which means the user holds the keys instead of MoneyGram holding the balance on their behalf.
The strategic piece sits underneath all of that. MoneyGram is one of the largest cash remittance networks on earth, with physical locations in almost every country that receives money from workers abroad.
By launching a stablecoin tied to that network, MoneyGram is trying to bridge digital dollars and physical cash, so a sender can move MGUSD across a chain in seconds and a recipient can collect local currency at a counter down the road. The stablecoin is the digital rail. The 500,000 locations are the off-ramp.
That combination, not the choice of chain, is the actual product.
There is a money motive underneath the strategy that deserves its own line, because it explains why so many firms suddenly want their own stablecoin. A stablecoin issuer holds reserves against the tokens in circulation, and those reserves, usually short-dated government debt and cash, earn yield.
The issuer keeps that yield. For a company that can put a stablecoin into the hands of millions of users, the float becomes a revenue stream that grows with adoption and costs little to run once the infrastructure exists.
MoneyGram moving customers onto MGUSD is not only about faster transfers. It is about capturing the interest on the dollars those customers hold, money that previously sat with someone else.
When you understand that issuing a stablecoin is a way to earn yield on your users’ balances, the rush of payment firms toward their own tokens stops looking like a crypto fad and starts looking like a straightforward grab for a new margin. That incentive is exactly what makes the disappearance of the bridge-token role so durable, since the firms have a direct financial reason to own the dollar instead of renting a bridge.
The history the headline skips Now the part the word “dumped” quietly assumes, which is that MoneyGram and Ripple were partners until this announcement. They were not.
MoneyGram and Ripple ran one of the most cited partnerships in crypto between 2019 and 2021. Ripple invested around $50 million in MoneyGram and the two firms integrated Ripple’s On-Demand Liquidity service, the product that used XRP as a bridge asset to move value across borders without pre-funded accounts in every destination currency.
For a stretch, MoneyGram was the marquee proof that XRP had a real cross-border use case with a household-name money-transfer firm. That arrangement ended in 2021.
As Ripple’s legal fight with the United States Securities and Exchange Commission heated up, MoneyGram stopped using the On-Demand Liquidity service and the commercial relationship wound down. Ripple later exited its equity stake.
By the time MGUSD arrived in 2026, MoneyGram had not been routing payments through XRP for years.
NEW: MoneyGram introduces MGUSD native USD stablecoin on Stellar. Built with Stablecoin, M0 and Fireblocks. Now live in the U.S pic.twitter.com/N4CeRg5sHz
— crypto.news (@cryptodotnews) June 3, 2026 It is worth understanding what that On-Demand Liquidity arrangement actually did, because the mechanics explain both why it looked promising and why it proved fragile. Cross-border money transfer traditionally requires a firm to hold pre-funded accounts in every destination currency, dead money parked around the world so a payout is always ready.
On-Demand Liquidity removed that requirement by converting the sending currency into XRP, moving the XRP across the corridor in seconds, and converting it into the receiving currency on arrival. The bridge token meant a firm did not have to lock up cash in dozens of countries.
For a treasury department, freeing that trapped capital was the entire pitch, and MoneyGram was the showcase for it.
The fragility came from two directions. First, regulatory risk attached itself to XRP during the SEC case, and a public company like MoneyGram could not lean operations on an asset whose legal status was being argued in a federal courtroom.
Second, the bridge involved a moment of price exposure, however brief, since value passed through a volatile token mid-transfer, and that exposure has to be hedged or absorbed. When the legal cloud arrived, the cost-benefit math tipped and MoneyGram walked.
Ripple had even covered some of MoneyGram’s costs through incentive payments during the partnership, which raised a quieter question at the time about how much of the usage was organic demand and how much was subsidized adoption.
So the accurate version of the story is not that MoneyGram left Ripple for Stellar this month. MoneyGram left the XRP-based product back in 2021.
What happened now is that MoneyGram chose a different chain for a new project, years after the original partnership had already closed. The defection the headline implies happened half a decade ago and was old news before MGUSD existed.
Why Stellar, and why it stings anyway If the breakup is old, why does the Stellar choice still land as a jab at Ripple? Because of who Stellar is.
Stellar was co-founded by Jed McCaleb, who had earlier co-founded Ripple before leaving after a falling-out. The two networks share genetic material.
Both are payment-focused ledgers built for fast, cheap value transfer, both use a native asset for bridging and fees, and both have spent a decade chasing the same cross-border-settlement prize. Stellar leaned hard into the remittance and financial-inclusion niche, and MoneyGram already had a separate, live relationship with the Stellar ecosystem through MoneyGram Access, a service that let users move between cash and the USDC stablecoin on Stellar.
Seen that way, MGUSD on Stellar is less a betrayal and more a continuation. MoneyGram was already building on Stellar rails for its cash-to-crypto bridge.
Putting its own stablecoin on the same chain follows the path it had been walking, not a path away from a current Ripple deal. The sting is symbolic.
A firm that XRP holders once held up as their flagship win shipped a major new product on the one chain that reads as Ripple’s mirror image and oldest rival. The wound is to the narrative, not to any active revenue line.
That is why Stellar and Ripple’s wider rivalry matters here. MGUSD is not only a stablecoin launch; it lands inside a long-running contest over which network becomes the default rail for compliant payments and tokenized assets.
What XRP the token actually loses Separate sentiment from substance and the ledger of real losses is short.
In direct, mechanical terms, XRP loses close to nothing here, because XRP was already getting nothing from MoneyGram. The On-Demand Liquidity flow that once pulled XRP into MoneyGram’s corridors ended in 2021.
There was no current stream of XRP demand from MoneyGram for MGUSD to replace. You cannot lose a customer you lost five years ago.
In narrative terms, the cost is real but soft. The XRP community has spent years pointing to the old MoneyGram partnership as evidence that the bridge-asset thesis works with serious money-transfer firms.
Watching MoneyGram build its future on Stellar takes that talking point and turns it into an awkward footnote. For a token whose price has often moved on story and sentiment as much as on usage, a dented story carries some weight, even when the cash-flow impact rounds to zero.
There is also a precedent cost, and it is the one worth taking seriously. MoneyGram did not pick a rival bridge token. It issued its own stablecoin.
That choice says the company would rather control its own dollar rail than route value through any third party’s native asset, XRP or otherwise. If the largest remittance networks decide that the future is proprietary stablecoins on cheap public chains, the entire premise that they will lean on a bridge token like XRP gets weaker.
That is a bigger and quieter problem than losing one logo, and it is not unique to MoneyGram.
Why narrative cost is not nothing for this token It would be easy to wave away the sentiment damage as irrelevant noise, but XRP is a special case where narrative has done real work on price, and dismissing it would miss how this token actually trades.
For long stretches of its history, XRP has moved on story more than on measurable usage. The token spent years priced largely on the hope of bank adoption, on the outcome of the SEC case, and on the recurring promise that institutional partners were about to route serious volume through it.
When those stories strengthened, the token ran. When they weakened, it sagged, often regardless of what on-chain data showed.
A community built around a thesis tends to trade the thesis, and the MoneyGram partnership was one of the load-bearing beams of that thesis for years. So losing MoneyGram to Stellar, even a MoneyGram that left long ago, chips at a story that part of the market still prices.
The damage is not a lost revenue line. The damage is one more crack in the bank-and-payments narrative that justified holding through years of flat performance.
For a token whose price has often run ahead of or behind its fundamentals based on belief, a dented belief carries weight that a pure cash-flow analysis would understate. This does not mean the news should move the price much, and on the day it did not move much.
It means a holder should be honest that part of what they own is a story, and stories take damage from announcements like this even when the spreadsheet does not.
A corridor, two ways Trace a single remittance to see what changes and what does not for the person actually sending money.
Picture a worker in the United States sending $200 to family in the Philippines. Under the old XRP-based On-Demand Liquidity model, MoneyGram would convert the dollars, route value across a corridor where XRP served as the bridge asset between currencies, and pay out pesos on the other end.
XRP sat in the middle of the hop, held for seconds, sold back out, pulling the token into the flow for the length of the transfer.
Under the MGUSD model, the sender’s dollars become MGUSD, the stablecoin moves across Stellar in seconds for a fraction of a cent, and the recipient either holds digital dollars in the app or collects pesos at one of MoneyGram’s local counters. The bridge in the middle is now a dollar stablecoin on Stellar, not a volatile bridge token.
The user experience is similar or better, since the value never has to pass through a swinging asset price during the hop. The corridor still works.
XRP is simply not in it, and neither is the price exposure that bothered some institutional users about bridging through a volatile token.
For the sender, almost nothing changes. For XRP, the lesson is that the bridge role it was built to play can be filled by a stablecoin that does the same job without the volatility, on a chain that costs about the same to use.
That substitution, repeated across enough corridors, is the actual competitive threat. MoneyGram is one instance of it.
The pattern bigger than one company MGUSD does not stand alone. It is a data point in a trend that touches XRP’s original reason for existing.
Look at who is issuing dollar stablecoins now. MoneyGram has MGUSD on Stellar. Ripple itself has RLUSD, settling on the XRP Ledger and expanding toward Ethereum layer-2 networks.
PayPal has PYUSD. Circle’s USDC remains the default dollar token across much of crypto, and Coinbase now lets any business mint a custom stablecoin backed one to one.
Banks and payment firms are minting tokenized deposits through providers like Bridge and M0, the same providers MoneyGram used. The common thread is that the firms moving the money increasingly want to issue and control the dollar token themselves, settling it on whatever fast public chain is cheapest, instead of routing value through anyone’s bridge asset.
The arrival of federal stablecoin rules in the United States pours fuel on this. With a clear legal framework for dollar-backed tokens now in place, issuing a compliant stablecoin shifted from a legal gamble to a product decision, and every payment firm with a balance sheet and a user base has a reason to consider it.
The infrastructure to mint one is now rentable from a handful of platforms, so a company no longer needs deep crypto engineering to launch its own dollar token. That combination, legal clarity plus turnkey issuance, means the trickle of proprietary stablecoins is likely to become a flood, and each one is a small vote against the idea that the world needs a neutral bridge asset.
For XRP, the cumulative weight of that trend matters far more than any single launch. One firm choosing Stellar is a headline.
Dozens of firms deciding they would rather hold and control dollars than bridge through a volatile token is a structural shift in the exact market XRP was built to serve. The MoneyGram news is worth reading not as a defeat but as a clear, named example of the pattern that actually threatens the original thesis.
XRP was designed for a world where institutions needed a neutral bridge token to hop between currencies without pre-funding. Stablecoins quietly ate much of that need.
If you can hold and move a digital dollar directly, you do not need to bridge from dollars to a volatile token to a destination currency. You move the dollar and convert once at the edge.
Ripple saw this coming, which is exactly why it built RLUSD and leaned into the XRP Ledger as a settlement venue rather than betting everything on XRP as the bridge. The company adapted.
RLUSD’s settlement role shows the same shift inside Ripple’s own strategy: the future is not only XRP as the bridge, but stablecoins and settlement rails working together.
The token’s original thesis is the thing under pressure, and MoneyGram’s choice is a clean illustration of why.
Why the chain barely matters, and why that is the point There is a detail in the MGUSD design that deserves more attention than the Stellar headline. MoneyGram did not pick Stellar because Stellar’s token does something special.
It picked Stellar because the chain is fast, cheap, and good enough to carry a dollar token, and because MoneyGram already had infrastructure there. The native asset of the chain was incidental to the decision.
That is the uncomfortable truth for any bridge-token thesis. Once a payment firm issues its own stablecoin, the underlying chain becomes a commodity, chosen on cost and reliability, with the value capture moving to the stablecoin issuer rather than to the chain’s token.
MGUSD could run on Stellar, on a layer-2 network, on Solana, or on several chains at once, and the user would not notice. What matters to MoneyGram is controlling the dollar token, the wallet, and the cash network at the edges.
The rail in the middle is just a rail.
This reframes what competition for XRP actually looks like. The threat is not that one rival chain wins the remittance business.
The threat is that the remittance business stops needing any chain’s token to be special, because the firms moving money would rather own the dollar than rent a bridge. A token whose value rests on being the indispensable middle of a transfer is vulnerable to exactly the move MoneyGram just made, which is to make the middle a generic, swappable piece of plumbing.
The firms that move money have learned that the valuable seat is the one closest to the customer and the dollar: the wallet and the issued token. The rail underneath can be rented from whoever is cheapest this quarter.
A bridge asset cannot easily climb into that valuable seat, because the whole reason it exists is to sit in the middle, and the middle is the part everyone is now trying to commoditize.
Where the cross-border case still stands None of this means XRP’s payment story is finished. It means the story has shifted, and the honest scoreboard looks different from both the bull and bear caricatures.
XRP still has live On-Demand Liquidity corridors with other partners in other regions, and Ripple continues to sign payment customers outside the MoneyGram relationship that ended years ago. The XRP Ledger now hosts RLUSD, which keeps Ripple in the dollar-stablecoin race even as the bridge-token role narrows, and XRP earns fees and bridge routing inside that ledger whether the headline asset is XRP or a stablecoin.
The institutional settlement work, including tokenized assets and the lending protocol, gives the ledger uses that have little to do with the old remittance pitch. Ripple’s value is increasingly the ledger and the stablecoin and the enterprise stack, with XRP as one component inside a larger system rather than the single hero asset.
That is why the XRP Ledger’s institutional settlement case matters more than one lost remittance headline. XRP’s future may depend less on reviving the old MoneyGram-style bridge thesis and more on whether high-value settlement volume actually runs through flows where XRP earns fees, reserves, or routing demand.
To keep the threat in proportion, it helps to name what an actual, serious loss for XRP would look like, because MoneyGram is not it. A real loss would be RLUSD failing to gain traction while rival stablecoins take the settlement business the XRP Ledger was meant to host.
A real loss would be Ripple’s live On-Demand Liquidity corridors shrinking as existing partners follow MoneyGram toward proprietary tokens. A real loss would be the institutional settlement work, the tokenized assets and the lending protocol, stalling at the pilot stage while competing chains win the production volume.
Those outcomes would strike at the parts of the business that actually carry XRP’s future. A remittance firm choosing Stellar for a new stablecoin, years after it stopped using XRP, does not reach any of them.
So does XRP lose anything from MoneyGram and MGUSD? Almost nothing it still had, since the active relationship ended in 2021.
It loses a favorite talking point, and it gets one more reminder that the bridge-asset thesis it was born from is being replaced by stablecoins, including Ripple’s own. The clear-eyed view is that MoneyGram is not the wound. MoneyGram is the symptom.
The thing worth watching is not whether one more firm picks Stellar, but whether the remittance world as a whole decides it would rather hold dollars than bridge through anyone’s token. On current evidence, it would.
The smart move for an XRP holder is to stop tracking which logo lands on which chain and start tracking the one number that matters, which is how much real value moves through XRP-touched flows on the ledger. That figure, not the next remittance headline, is the honest measure of whether the token is winning or quietly being routed around.
MoneyGram answered its own version of that question years ago. The market is still waiting to see how the rest of the industry answers theirs.
This article is information, not investment advice. Partnership timelines and product details reflect reporting available as of June 23, 2026, and corporate strategies and market conditions can change.
Stellar (XLM) has emerged as one of the strongest-performing major cryptocurrencies in June 2026. While many digital assets remain stuck in consolidation ranges, XLM has managed to generate meaningful momentum and re-enter conversations around potential market leaders for the second half of the year.
The rally comes as investors increasingly prioritize utility-driven ecosystems.
At the same time, capital is flowing into artificial intelligence projects that offer active participation and real product development. One project benefiting from that trend is MemeToro ($MT), an AI-powered SocialFi ecosystem currently gaining traction during its presale phase.
Why XLM Is Outperforming the Market Stellar has separated itself from many competing assets during June.
The token recently posted an impressive 10% gain while broader crypto markets struggled to establish a clear direction. This move has placed XLM among the strongest performers across major blockchain networks.
The rally is supported by more than speculation.
Stellar continues benefiting from growing payment activity across its enterprise-focused infrastructure. Increased transaction volumes moving through its cross-border settlement corridors have helped reinforce the network’s utility-driven investment case.
Projects tied to measurable usage often attract investor confidence more easily than assets relying entirely on market sentiment.
As a result, XLM has become one of the more closely watched layer-1 assets heading into the final weeks of June.
Why Traders Are Watching the $0.30 Level Psychological price levels often attract significant market attention.
For Stellar, the key level currently being discussed is $0.30. Technical indicators and recent momentum suggest that traders are actively monitoring whether the asset can continue advancing toward that target before month-end.
The bullish case centers on continued adoption.
As payment volumes increase and enterprise activity expands, investors see growing evidence that Stellar’s infrastructure remains relevant in an increasingly competitive blockchain landscape.
Momentum also plays a role. Strong-performing assets often attract additional capital simply because traders prefer assets already demonstrating relative strength.
That combination of utility and momentum is helping support the current bullish narrative.
The Broader Shift Toward Utility One of the biggest themes emerging in 2026 is a renewed focus on utility.
Investors are becoming increasingly selective about where they allocate capital. Rather than chasing every trending token, many are concentrating on ecosystems capable of delivering practical functionality and ongoing engagement.
This trend extends beyond payment networks.
Real-world asset protocols, artificial intelligence ecosystems, and infrastructure projects are all benefiting from this shift.
Why MemeToro Is Benefiting From the Same Trend Although Stellar and MemeToro ($MT) operate in different sectors, both benefit from the market’s growing preference for functionality.
MemeToro is built as a SocialFi ecosystem on BNB Chain and combines artificial intelligence with community-driven participation. Rather than functioning as a traditional meme coin, the platform is designed around active ecosystem engagement.
At the center of the project sits the MemeToro AI Agent.
The system continuously monitors social media activity, cultural developments, market narratives, and global news events to identify emerging opportunities before they become widely recognized.
This intelligence layer powers the broader platform.
As investors increasingly prioritize utility, projects connected to automation and AI continue attracting attention.
Exploring MemeToro: Token Creation, Prediction Market, Staking & More MemeToro ($MT) simplifies crypto by pulling your trading, gaming, and AI tools into one dashboard. By connecting all these features to the $MT token, the platform turns internet trends into real opportunities for its community members.
AI Token Creator: Automatically launches new coins based on viral internet trends. No Developer Scams: Uses automated code to stop creators from running off with your money. Prediction Markets: Earn rewards by calling the outcomes of real-world sports and financial events. Passive Staking: Lock up your digital assets to earn steady, high-yield interest over time. Built-in News Portal: Delivers real-time market updates straight to your dashboard. Secure your early presale access today to claim your tokens at launch. Experience the next generation of decentralized entertainment with a community-first team.
MemeToro ($MT) launches with a fixed supply of 1.2 billion $MT tokens. The cap is permanent and visible on-chain. 71% of that supply is allocated to presale buyers, which means the community holds the majority share long before the token ever lists on an exchange.
The presale is currently in Stage 2 at $0.00139 per $MT. So far, $46,311.41 has been raised toward the $78,590.46 round target. Once Stage 2 closes, the price rises to $0.00154. Buyers can complete purchases with crypto wallets or pay directly using Visa, Mastercard, Apple Pay, or Google Pay.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
In This Article XRP News: What the Binance Withdrawal Data Actually SaysMoneyGram Chose Stellar, but the Ripple Breakup Happened in 2021The Bigger Threat Is the Stablecoin Model Itself In XRP news today, withdrawal transactions on Binance accounted for 53.8% of total XRP transaction activity over a seven-day rolling period ending June 23, 2026, the highest reading since June 2024, according to CryptoQuant, the on-chain analytics platform.
That streak of seven consecutive days where XRP withdrawals outpaced deposits landed against a backdrop of XRP trading near $1.10, close to recent lows, and a news cycle dominated by MoneyGram choosing Stellar for its new stablecoin.
The two storylines are colliding in the XRP community discussion, but they tell different stories. One is a behavioral signal in the exchange flow data. The other is a narrative wound with roots going back years, not days.
@MoneyGram has been quietly building on blockchain for over five years. Now, with its own stablecoin (MGUSD), a Kraken partnership, a validator seat on the Tempo network, and $2B+ in stablecoin settlements already running — the pace is accelerating.
CEO @anthonysoohoo joins… pic.twitter.com/DAlAFoClmP
— Converge (@ConvergeDefiant) June 23, 2026
XRP News: What the Binance Withdrawal Data Actually Says The CryptoQuant metric tracking exchange flows on Binance measures the frequency of withdrawals versus deposits, rather than the raw dollar value of XRP moved. A rise in withdrawal transactions indicates more individual withdrawals than deposits, often reflecting holders moving XRP to cold storage or ETF custody rather than a single outflow event.
Deposits on Binance dropped to 46.1% of total XRP activity, the lowest level since 2024, creating a 7.7-percentage-point divergence. Between June 3 and June 14, about 722 million XRP left exchanges, with approximately 425 million from Binance.
CryptoQuant data from early 2026 linked ongoing exchange outflows to XRP ETF net inflows, which had absorbed around $1.4Bn by March 2026, indicating institutional accumulation.
CryptoQuant analysts advised that the withdrawal dominance reading should not be seen as a direct buy-or-sell signal. The data suggests a gradual supply removal rather than panic selling, indicating a quiet supply squeeze rather than abrupt market moves. For detailed mechanics on ETF inflows and their impact on XRP’s market structure, additional analysis is available.
(SOURCE: CoinGlass)
DISCOVER: Best Meme Coin ICOs to Invest in 2026
MoneyGram Chose Stellar, but the Ripple Breakup Happened in 2021 MoneyGram launched MGUSD, a dollar-pegged stablecoin, on the Stellar blockchain in June 2026. Utilizing Stripe’s Bridge platform for issuance, M0 smart contracts for the token layer, and Fireblocks for wallet management.
The non-custodial wallet is integrated into the MoneyGram app. This allows users to easily transfer dollars across Stellar and convert them to local currency at approximately 500,000 physical locations.
Contrary to reports, this move does not represent a shift from Ripple to Stellar. MoneyGram and Ripple partnered between 2019 and 2021, with Ripple investing around $50 million and using its On-Demand Liquidity service.
However, as Ripple’s legal issues escalated, MoneyGram ceased using this service, and by 2026, XRP had not been part of its transactions for years.
MoneyGram’s launch of MGUSD on Stellar builds on its existing service, MoneyGram Access, which facilitated cash-to-USDC transfers on Stellar. This is an extension of the company’s infrastructure, not a new direction.
The relationship is symbolic, considering Stellar’s co-founder, Jed McCaleb, previously co-founded Ripple, and both networks have long targeted the same cross-border settlement space. Ultimately, this impacts the narrative rather than any current revenue stream.
The top moments in modern money from the last two weeks covered on Stabledash Live in 5 mins:
> @SimkinStepan privacy is coming to @solana through @altitude
> @scottnbeck converted a 40-year-old bank to national OCC charter
> @MoneyGram built $MGUSD on @m0 for chain-agnostic… pic.twitter.com/5vzAIz5d91
— Stabledash (@stabledash) June 22, 2026
EXCLUSIVE: Join 99Bitcoin’s $1000 USDT Airdrop on ByBit
The Bigger Threat Is the Stablecoin Model Itself XRP is unaffected by the launch of MGUSD on Stellar, as it already saw no flow from MoneyGram. The real threat to Ripple lies in MoneyGram issuing its own USD-backed stablecoin.
This enables it to capture reserves that earn yield, incentivizing payment firms to favor its dollar rail over bridge assets. Ripple is not idle, as it is developing its own dollar stablecoin, RLUSD, and forming partnerships, such as one with Flutterwave for Africa.
The U.S. regulatory framework has made launching compliant stablecoins a viable option for payment firms. While XLM benefits from MGUSD’s visibility, the true advantage lies in the stablecoin structure rather than any specific bridge token.
For XRP holders, the focus should be on accumulation trends, as the impact of proprietary stablecoins on the broader bridge-token narrative and new institutional partnerships remains to be seen.
EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market
#Altcoin News Today
Why you can trust 99Bitcoins
10+ Years
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
90hr+
Weekly Research
100k+
Monthly readers
50+
Expert contributors
2000+
Crypto Projects Reviewed
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now
Alex Ioannou
On-Chain Journalist
Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More
Free Bitcoin Crash Course Enjoyed by over 100,000 students. One email a day, 7 days in a row. Short and educational, guaranteed!
PANews, June 24 – Matrixdock, the leading RWA tokenization platform in Asia under BIT (formerly Matrixport), announced that its tokenized gold product XAUm has officially expanded to the Stellar network. As part of a diversified on-chain treasury reserve allocation, the Stellar Development Foundation (SDF) will make a direct investment in XAUm, further reinforcing its status as a reserve-grade asset for institutional treasury allocations.
XAUm is now one of the top four tokenized gold products globally and the largest tokenized gold product in Asia, with an ecosystem that has accumulated over 88,000 unique on-chain addresses and completed approximately 730,000 transactions. Going forward, XAUm will further integrate with Stellar DEX liquidity pools and lending markets, and collaborate with Stellar to launch a dedicated XAUm Deposit Vault, enabling institutional clients to natively deposit, hold, and earn yield on XAUm, thereby expanding on-chain financial application scenarios.
The native token of the Stellar blockchain, XLM, has recently come back into the spotlight thanks to a notable uptick in both its technical outlook and on chain activity. Despite a cautious atmosphere prevailing in the broader cryptocurrency market, several analysts suggest that XLM’s price structure is showing similarities to historical accumulation phases that preceded upward surges, fueling speculation that a new rally could be on the way.
Network data and price performanceAt press time, XLM was trading at $0.1906. The past 24 hours have seen the asset record a trading volume of $163.78 million and a market capitalization of $6.45 billion. Although the token experienced a 1.41 percent decline over the last day, the observed price setup and growing network activity are seen by observers as maintaining the potential for a bullish reversal.
Crypto analyst MikybullCrypto highlights that Stellar’s recent chart formation vividly increases the odds of a significant breakout. Many in the market also point out that the current setup resembles past periods of accumulation that ended in sharp price increases.
According to crypto analyst MikybullCrypto, the latest chart structure in XLM supports a strong likelihood of a breakout.
While some of the most optimistic forecasts mention prices for XLM above $12, analysts caution that such scenarios depend not only on technical indicators but also on broader market factors. As a result, these projections should not be taken as certainties.
RWA and stablecoin growth in focusAccording to data shared by MSB Intel, the total value of real world assets (RWA) and stablecoins on Stellar has hit $3.35 billion. This milestone underscores the network’s growing visibility among institutional users and crypto-centric investors. Stellar is best known as an open source blockchain network specialized in cross-border payments.
Mini glossary: Real world assets refer to traditional financial products like bonds, funds, or cash equivalents that are represented as digital tokens on the blockchain. A stablecoin is a digital asset that typically seeks to be pegged to a fiat currency such as the US dollar.
The Stellar ecosystem includes tokenized treasury products, money market funds, and fiat-backed stablecoins. This landscape illustrates how blockchain technology is aligning more closely with traditional finance, positioning Stellar as a prominent player in the space.
IndicatorLevelXLM price$0.190624-hour change1.41% decrease24-hour volume$163.78 millionMarket capitalization$6.45 billionTotal RWA and stablecoin$3.35 billionMarket dynamics remain decisiveHowever, momentum in XLM is not dictated solely by network growth. Movements in the price of Bitcoin and overall investor risk appetite across the cryptocurrency market continue to play a pivotal role in shaping Stellar’s future. While the expanding on chain metrics provide encouragement, analysts caution that deceptive short term breakouts are still possible in the near horizon.
The fact that real world assets and stablecoins on Stellar have reached $3.35 billion demonstrates the platform’s growing importance for both institutional players and crypto native users.
In summary, while Stellar’s technical indicators and network progress create a foundation for optimism, both macroeconomic and market specific variables must align for any sustained upside move in XLM. As things stand, investors are watching closely for signals of a decisive breakout or a possible market correction in the coming weeks.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Stellar (XLM) is one of the strongest-performing major cryptocurrencies in June 2026. While much of the market remains trapped in consolidation, XLM has managed to post an impressive 10% gain, placing it among the best-performing large-cap assets this month.
The rally is not happening in isolation.
Growing enterprise payment activity and expanding real-world asset (RWA) adoption are helping strengthen investor confidence across utility-focused crypto sectors. At the same time, capital continues flowing into artificial intelligence ecosystems such as MemeToro ($MT), creating an interesting overlap between two of the market’s strongest narratives.
XLM Is Outperforming the Broader Market Many cryptocurrencies continue struggling to establish clear trends.
Stellar has been an exception.
The network recently delivered a notable 10% surge, outperforming several major layer-1 competitors during a period when broader crypto sentiment remains cautious. The move has helped place XLM back on investor watchlists as traders search for assets showing relative strength.
The rally is supported by fundamentals.
Unlike purely speculative tokens, Stellar continues benefiting from growing cross-border payment activity. The network’s enterprise-focused infrastructure has processed increasing transaction volume through its payment corridors, helping reinforce the utility narrative behind the asset.
This combination of usage and momentum is attracting renewed market attention.
Why Centrifuge’s RWA Expansion Matters Another important development comes from the real-world asset sector.
Centrifuge has continued expanding its infrastructure for tokenized real-world assets, allowing institutional participants to bring asset-backed credit products into decentralized finance environments.
The significance extends beyond a single platform.
As tokenized debt, private credit, and yield-generating assets move on-chain, demand for efficient blockchain infrastructure continues growing. Investors increasingly view this trend as one of the most important long-term developments in crypto.
The result is greater attention on networks and ecosystems connected to practical utility.
That broader shift helps support projects that solve real problems rather than relying solely on speculation.
Reason 1: Utility Narratives Are Winning Again One reason some investors believe MemeToro could benefit alongside assets like XLM is the market’s renewed focus on utility.
Stellar’s recent strength is being driven by transaction volume, enterprise activity, and practical blockchain usage. Investors are increasingly rewarding ecosystems built around functionality.
MemeToro ($MT) fits into that conversation.
Rather than launching as a simple meme token, the project operates as a SocialFi ecosystem designed around active participation, artificial intelligence, and community engagement.
As utility-driven projects attract attention, ecosystems offering multiple use cases may continue benefiting from broader capital rotation.
Reason 2: AI Remains One of Crypto’s Strongest Growth Themes While real-world assets are gaining momentum, artificial intelligence remains one of crypto’s fastest-growing sectors.
The Web3 AI and autonomous agent economy now commands between $26.6 billion and $27 billion in market value. Investors continue allocating capital toward projects connected to automation, machine intelligence, and data-driven participation systems.
MemeToro ($MT) sits directly inside that trend.
At the center of the platform is the MemeToro AI Agent, which continuously scans social media activity, cultural developments, market narratives, and global news events to identify emerging opportunities.
This positions the ecosystem within one of the most active sectors in crypto.
Reason 3: MemeToro Combines AI With Real Ecosystem Participation The platform extends far beyond trend analysis.
Users can create and launch memecoins through an automated no-code deployment system. Every bonded memecoin automatically lists on PancakeSwap and is supported by BNB liquidity infrastructure. The native $MT powers the wider ecosystem.
Participants gain access to staking opportunities offering up to 35% APR, a centralized crypto news portal, and peer-to-peer prediction markets where rewards can be earned in both $MT and BNB.
This creates multiple participation layers inside a single platform. The ecosystem is designed around engagement rather than passive ownership.
MemeToro’s 24-Month Development and Product Roadmap MemeToro ($MT) team follows an aggressive 24-month roadmap schedule. The process rolls out distinct updates to build an all-in-one meme workspace, which is more disciplined than the typical roadmap most meme projects publish and never deliver.
Phase 1: MemeToro finalizes contract audits and presale tiers during the opening phase. Security verification happens before users put serious capital at risk. The presale structure rewards early participants with the lowest available pricing tiers.
Phase 2: MemeToro launches prediction pools and minting toolsets in the second phase. Core utility goes live for users. That gives the platform actual functionality beyond speculation, which separates it from launch-and-pray meme projects.
Phase 3: MemeToro deploys live swap features and trading tools during phase three. Liquidity infrastructure expands across the ecosystem. Users get the ability to trade in and out of positions without leaving the platform or hitting external exchanges.
Phase 4: MemeToro migrates operations to its custom blockchain in the final phase. The platform becomes infrastructure-independent. Transaction costs drop, throughput rises, and the ecosystem gains the freedom to optimize specifically for high-frequency meme activity.
As capital continues rotating toward utility-driven ecosystems, both AI and real-world asset narratives are likely to remain important themes throughout the remainder of the year.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
PANews June 25 news, according to NoCut News, South Korean crypto exchange Bithumb was fined 210 million won (approximately $151,000) for transferring users' personal data overseas without proper consent. According to an investigation by the South Korean Personal Information Protection Commission, Bithumb shared its Tether (USDT) market order book with an overseas exchange between September and November last year. During that period, the exchange obtained user consent to transmit personal data to a platform it identified as Stellar Exchange, but the investigation found that membership numbers and order information were actually sent to a system operated by another exchange. In addition, when processing users' virtual asset transfers, Bithumb provided the personal information of senders and receivers, including names, wallet addresses, and birth dates, to 13 overseas exchanges for anti-money laundering purposes.
Humanity has struggled over the milenia to find harmony with our collective societies in which we have formed and depended upon. With this long and turbulent road to find balance with the ever-growing and ever-demanding requirements of the larger community, we have created socio-economic systems designed around various philosophies. Each of these various ideologies is designed to shape the way in which we view ourselves, each other, and the world around us to push us forward in various competing directions; sometimes resulting in conflicts and suffering on a grand scale. One of the oldest countries in the world has seen one of the 20th century’s worst ideological battles play out and resulted in the starvation of over 2 million people and decades of grueling economic setbacks which still play out today. Despite the massive devastation of years past, this nation’s newfound interest in cryptocurrency and mobile technology is helping to drive them head-first into the bleeding edge of 21st century economics and provide real hope for the less fortunate.
Cambodia is a country with a current population of over 15 million people and with human settlements dating as far back as 5000BC. Once a beacon of prosperity in the 50s, the scourge of communism led by Pol Pot of the Khmer Rogue regime throughout the mid to late 70s set the country’s economy back substantially with it’s failed transformation towards a self-sustaining farming model, free of modern technology and outside influence. Despite a major recovery just a few decades after the fall of communism in the late 90s, and Cambodia seeing an average annual growth rate of 7.7% between just 2011 and 2017[1] alone, around 1.5 million people still remain below the poverty line and around 11.7 million without access to life-changing banking services[2]. Further, another 1.5 million live just slightly above the poverty line; living on a mere $2.30 a day.
Today, the current Prime Minister, Hun Sen, has fully embraced modern capitalist principles and economic reforms. Despite the current effort, Cambodia still continues to struggle with it’s past, as most of the population depends on subsistence farming and lacks the skills and access to capital to expand the economy outside of current constraints. Surprisingly, Cambodians are adopting digital payment methods for transactions[3], and over half the population expects the country to go cashless by 2027[2], with a majority of the population expecting digital payment options to become ubiquitous throughout various stores nationwide [3]. With over 19 million SIM card subscriptions in Cambodia, nearly 50% of the population older than 15 owning a smartphone[4] and roughly a third of the population seeking contactless payments [3], the country (and South East Asian region) represents a huge opportunity for FinTech and blockchain projects.
Electroneum has just become the world’s first blockchain startup to strike up a landmark deal with a major mobile network operator to provide airtime and data top-ups; Cambodia’s very own Cellcard. As has been the case for all previous collaborations for Electroneum and it’s partners, this is a major win for all involved; establishing an important presence in the high-potential economies of the South East Asian region for Electroneum, and offering life-changing opportunities for many in those regions who embrace the crypto and it’s subsequent platform. Cellcard aims to provide affordable access to mobile data for all. With this brand new partnership, millions in Cambodia could earn up to $3 in ETN rewards through the Electroneum app, which is enough for a 21-day Cellcard prepaid plan which includes over 140 minutes and 2GB of data.
This agreement between Cellcard and the high-potency disruptor, Electroneum signals the beginning of a partnership targeting crypto adoption and further enabling a more prosperous South East Asian country, the sixth fastest-growing economy in the world. The mobile network operation’s mission is directly in line with Electroneum’s, with a singular focus to eradicate financial exclusion and provide the globally unbanked with an opportunity to access and contribute to the global digital economy. With just 24% of people in rural farming communities owning smartphones, 80% of smartphone users are under the age of 35. Despite unemployment in the country as low as 1.1%, over 90% are employed in informal sectors of the economy. This presents a unique opportunity for Electroneum’s AnyTask Global Freelance platform to enable these individuals to provide services and learn new skills.
With the start of thee 2020s, many economists, political scientists and market experts have charted this era as “the Asian Age.” It is predicted that the continent is ripe to become the next focal point of the economic world [5], and Cambodia could stand to be at the heart of this growth. The current government is quite embracing of blockchain technology and its central bank is currently experimenting with implementation of cross-border payments, remittances and retail payments[6]. The Cambodian remittances economy is on the rise by over 10% year over year. Remittances totaled nearly $1.5 billion in 2018 alone, compared to tourism, which brought in around $3.6 billion. This is a very good signal that blockchain startups like Electroneum stand to benefit from their ability to offer instant global transfers at a fraction of the cost of sending via near-obsolete money transfer firms like Western Union. With a massive embrace of blockchain and technology, and Electroneum’s strategic partnership with Cellcard, it is clear that Cambodia’s bright and advanced future is paved in Electroneum.
Marcus Henry is an American Journalist with over 11 years working in the tech industry. He has been actively involved in the crypto community for the past three years and currently works out of Austin, Texas. He covers breaking news, writes perspective pieces and reflections, and conducts interviews with industry professionals and community members. Follow Marcus Henry on Twitter- @MarcusHenryHODL
Disclaimer: The information above does not constitute investment, financial, trading or any other sort of advice and you should not treat any of my content as such. I do not recommend the purchase, sale, or holding of any cryptocurrency or other product and nothing I write about should be deemed as an offer to purchase, sell, or hold a cryptocurrency or other product or service. Please do your own research and consult a certified financial professional before making any investment decision.
Working for a living is simply the only option most of us have to sustain our lives and our lifestyles. For a large majority of the working class, the stability of a salaried 40-hour and 5-day work week is the ideal standard; enabling balance between job and life, also offering appealing benefits that keep workers happy and productive. Another large part of the global working class is the rapidly growing “gig economy.” The World Bank currently estimates this sector to comprise of anywhere from 85 to 150 million people globally and will grow to over 500 million individuals in the next 5 years¹. The mass adoption of and improved access to mobile/data networks, social networking apps and smartphones have given rise to various platforms that enable people from all walks of life to work as much or as little as they would like and control their destiny. And now in 2020, one crypto platform is evening the playing field by enabling people in the developing world with opportunities to market their skils and learn valuable new ones as well.
After many weeks of obsessive tweaking, planning and endless beta testing, the highly strategic Electroneum team have announced the soft launch of their in-app AnyTask platform. AnyTask empowers individuals globally who possess an internet connection and a smartphone an opportunity to sell their skills to anyone in exchange for Electroneum (ETN). The major advantages to the blockchain-powered AnyTask platform over their competition; the freelancer does not require a bank account and they get to keep all of their profit. The intention is to enable those without access to banking services, mostly in the developing world, to be empowered to sell their services to an otherwise inaccessible global market and without worry of losing profit to a middle man.
Electroneum’s launched the brand new AnyTask platform in early January. Electroneum CEO, Richard Ells has reported that his company already has over 80,000 individuals enrolled with the blockchain-based freelance service. Ells commented:
“Currently, there are over 700 live tasks, and nearly 100 have been purchased from buyers before we’ve even started running ads.”
For a platform that is still in its infancy and with marketing campaigns kicking off in March, Ells was confident to see substantial growth in the near future.
Keeping true to Electroneum’s mission to help the globally unbanked, AnyTask’s approach mirrors the “fair trade” model; one which incentivizes the purchase of products that enable farmers and farm workers to earn a fair wage for their labor. Similarly, AnyTask functions as a place to commission freelancers from all over the world responsibly, and ensure they are getting a chance to compete in a global marketplace and earn a fair and honest wage, whether they have a bank account or not. An additional incentive for buyers of services is the reduced costs when compared to other freelance platforms such as the notorious Fiverr app.
The AnyTask platform functions as you would imagine others of its kind to. The buyer of the task would use their credit or debit card and would be charged a 5% administrative fee on their purchase. The freelancer would be paid ETN in turn, fee-free. The ETN earned is held in the freelancer’s Electroneum wallet. From there, they have the option to HODL, spend it where accepted, top-up their mobile minutes/data, or just exchange into fiat currency or other cryptos as they wish.
AnyTask freelancers can sell a large range of services. Most of these offerings parallel those showcased by other freelance apps. Common service categories you will see are graphic design work, video production, recorded messages, arts and crafts, computer and mobile device repairs, writing, musical performances, mechanical repairs, cleaning, and many more. With the cost of service significantly less when compared to the competition matched with the ability to commission people who desperately need to earn a wage in a developing country, AnyTask is creating a true win-win scenario for customers and freelancers.
Electroneum has emphasized the security of payments on AnyTask, which are available for refund at any point prior to the final sign-off on freelance services. After the credit or debit card is processed, their partner service converts the fiat currency to ETN. This ensures a simple and seamless process across the transaction lifecycle. In the event of an order or dispute issue of any kind, 24/7 support is available to assist.
Electroneum’s mission is to unite the unbanked people from developing nations directly with the global marketplace via cryptocurrency, mobile phones, and labor opportunities. The next phase of their mission is unfolding quickly with the upcoming launch of their free online educational platform, TaskSchool. It will compliment the current ecosystem within the Electroneum app by providing enablement materials for people to learn new skills which can then be commissioned on the AnyTask app, further empowering people across the globe to share in a dream of achieving prosperity, and enriching their local and global communities. You can sign up to use AnyTask by downloading the Electroneum app from the Apple Store or Google Play Store.
Sources:
https://blogs.worldbank.org/developmenttalk/gig-economy-growth-pains Marcus Henry is an American Journalist with over 11 years working in the tech industry. He has been actively involved in the crypto community for the past three years and currently works out of Austin, Texas. He covers breaking news, writes perspective pieces and reflections, and conducts interviews with industry professionals and community members. Follow Marcus Henry on Twitter- @MarcusHenryHODL
Disclaimer: The information above does not constitute investment, financial, trading or any other sort of advice and you should not treat any of my content as such. I do not recommend the purchase, sale, or holding of any cryptocurrency or other product and nothing I write about should be deemed as an offer to purchase, sell, or hold a cryptocurrency or other product or service. Please do your own research and consult a certified financial professional before making any investment decision.
When someone reaches “rockstar status”, some would say they’ve officially “made it” once their music has syndicated across the mainstream and lyrics are known and recitable by a large majority of people globally. For a movie or television star, it would mean your face is recognized by the masses and your catchphrase is a part of popular culture. In the crypto and exchange space, the criteria for reaching that status is similar; become a household name within the crypto community. Currently, cryptocurrencies like Bitcoin, Ethereum, and Litecoin, and exchanges like Coinbase, Binance, and Kraken all come to mind. But just like musicians and actors make strategic moves that catapult themselves into stardom, so too do cryptocurrencies and crypto exchanges.
BiKi.com is a top-20 crypto exchange based out of Singapore. On February 18th, the exchange announced a partnership with Electroneum, as the cryptocurrency company expands its strategic global presence in Southeast Asia. Biki CEO, Ethan Ng said:
“ETN is a very internationally-established project, and we are very honoured they have chosen to list with us… as listing is just the beginning of our journey together, we look forward to growing with them, promoting their token brand name to our 2 million registered users, and launching a joint ETN giveaway campaign to celebrate this partnership.”
Outside of simply listing ETN, BiKi provides value via heightened marketing directly to their customers. This brand exposure enables greater awareness of Electronem’s mission and underlying technology; a huge win for that team. The top Asian digital asset exchange also includes in-app crypto news across various outlets. Further recognition is spread via BiKi’s 200,000+ WeChat user community. Further, the exchange also assembles a crypto project’s local community base from the ground up and assigns top-tier influences in the crypto space with 100K-1M+ followers across social media who actively trade cryptocurrency and serve as a given project’s designated community ambassador; stimulating interest and awareness where it is needed most.
Today, the ETN/USDT trading pair goes live for deposit on BiKi. Trading will officially open on February 25th at 18:00 GMT +8, and withdrawals the following day at noon GMT +8. As part of the go-live of the Electroneum listing on BiKi, 6 million ETN will be given away. For patrons depositing ETN immediately upon listing, they will be entered in a one-million ETN giveaway contest. For those who participate in trading of Electroneum, they will be entered into a five-million ETN giveaway.
Electroneum CEO, Richard Ells went on record saying he and his team are:
“very excited about listing on BiKi as it will increase the exposure of Electroneum to new users in Asia… BiKi is the fastest growing exchange in the world, and we are one of the fastest-growing cryptocurrencies… The team behind [BiKi] has an incredible pedigree, and they have taken it on a rocket ship trajectory of growth. We have seen a huge interest in Electroneum in Asia, and we are excited for ETN to be listed for trading on this innovative exchange.”
Electroneum officially launched in 2015 and since, has undergone many rounds of research and development to craft a real-world crypto ecosystem. ETN is the first cryptocurrency to comply with KYC/AML regulations, and the first to introduce a QR code-based instant payment system with a suite of e-commerce and API tools to enable integration. They are the first crypto to work directly with a major mobile network operator (MNO), and the first to partner with global non-governmental organizations (NGOs) to be validators on its proprietary blockchain. Electroneum aims to empower the unbanked, and be eco friendly. It is the largest ICO by participation, and is community-driven.
BiKi is a global crypto exchange that has been ranked amongst the top 20 according to CoinMarketCap (currently #9). The exchange provides traders more than 150 cryptocurrencies with over 280 trading pairs available. They focus on providing a safe, stable and effective cryptocurrency trading platform. 100% of BiKi’s transaction fees reused to buy back and burn BiKi’s native token; BIKI. Since open its doors in August of 2018, the exchange is seen as one of the fastest growing globally and received investments from Huobi, Genesis Capital, FBG Capital, ChainUP and many more with a total investment of over 10 million USD.
By Q4 2020, the Asian digital asset exchange plans to open it’s public financial blockchain, which CEO Ng says will be a central part of the future for financial institutions in the blockchain space. BiKi aims to continue adding value for its customers via providing more financial services and products that will cater to the ever-growing defi economy. This includes novel means to trade on the BiKi platform. They are also looking to get licensing as part of the Payment Services Act by Singapore’s Monetary Authority, which will allow them to become a diversified exchange with the potential of becoming the financial epicenter of the blockchain industry.
To put it into rockstar terms, BiKi and Electroneum are just playing their first gigs at the town pub on a weeknight. Or to put it into moviestar terms, they’ve just starred in their first off-broadway show. The two talented and innovative teams have entered a trajectory together as two of the fastest-growing crypto-basted projects in this space. Their commitment to support each other in their mission to enable adoption of cryptocurrency around the world and trigger a massive financial revolution has potential to enable global financial inclusion for all and make the two companies globally recognized household names.
Marcus Henry is an American Journalist with over 11 years working in the tech industry. He has been actively involved in the crypto community for the past three years and currently works out of Austin, Texas. He covers breaking news, writes perspective pieces and reflections, and conducts interviews with industry professionals and community members. Follow Marcus Henry on Twitter- @MarcusHenryHODL
Disclaimer: The information above does not constitute investment, financial, trading or any other sort of advice and you should not treat any of my content as such. I do not recommend the purchase, sale, or holding of any cryptocurrency or other product and nothing I write about should be deemed as an offer to purchase, sell, or hold a cryptocurrency or other product or service. Please do your own research and consult a certified financial professional before making any investment decision.
What does success look like to you? How do you measure your own success? Is it your character? Perhaps it is your job title, degree, or salary? We all look at and measure this differently as individuals. For Bitcoin and many altcoins, success is typically measured in the form of market dominance and current price valuation. While these measurements are critical for any cryptocurrency in the long-term, the Electroneum team are playing a different game and reaping the early fruits of their labor in wildly different ways.
Electroneum recently celebrated its second year in operation. In those two years, they have survived a very difficult crypto winter and learned some valuable lessons that have shaped the direction of the crypto and platform all together. With their mission to empower the globally unbaked and help end poverty, Electroneum has worked closely with mobile carriers and non-governmental organizations (NGOs) as they have rolled out initiatives in Brazil, Turkey, Nigeria, and most recently in Cambodia. As the team looks forward in making further moves towards global adoption via the utilization of their ETN rewards program, mobile top-up program, and the brand new in-app global freelance platform, AnyTask, knowing the numbers is critical.
Visits By CountryAccording to Alexa.com, one of the world’s leading analytics sites, Electroneum’s site saw the most site traffic generated (as of February 10th) from the three countries it has been working the closest with to empower the unbanked. Brazil had over 49,000 visitors, Turkey over 42,000 visitors, and Nigeria almost 28,000 visitors.120,000+ visitors in the past month in these critical markets is an impressive number when considering how few people in these nations have access to reliable internet and how new the Electroneum campaigns are in these locations. Clearly there is interest among individuals in these nations to learn about and use Electroneum.
App Rankings In Turkey And Nigeria
SimilarWeb was used to visualize mobile app usage over a 90-day span for app measurement. Some interesting insights were extracted for Electroneum users in Turkey and Nigeria. In Turkey, Electroneum’s iOS app ranking on February 10th was #72 in finance, with an all-time high of #40 in November. Considering the fact that Tukey is a nation of 80+ Million citizens, this is quite a feat for the crypto startup.
Nigeria’s Electroneum downloads were also substantial since going live with their mobile top-up campaign in the African nation a few months ago. At its peak on January 20th, the iOS app ranked #55 in finance. On February 1st, the Android app was #51. Both iOS and Android apps also showed an uptrend in ranking as awareness of Electroneum spreads.
Android Downloads in Brazil
Brazil was the first country Electroneum established it’s mobile top-ups program in, enabling individuals who use the Electroneum app to earn ETN rewards (free crypto) and using it towards mobile data or voice. The app saw a 43% increase in downloads from January to February. This translates to over 45,000 downloads in a 30 day span. What is also significant is the sharp uptrend of downloads from previous months, signaling growing interest in the cryptocurrency platform.
Global Android App RankingAnother interesting finding was discovered in the global android ranking under the finance category. The figures indicate the banked and unbanked world alike are interested in Electroneum. The highest ranking globally at #12 came from Greece; a country with recent and significant financial crises. The second highest ranking was in Cambodia where Electroneum freshly launched their mobile top-up program last month. Turkey and Nigeria were both on the top-10 list, reflecting that the efforts of the Electroneum campaign’s mission.
What do these figures all mean for Electroneum? It is still very early to extrapolate any meaning towards the end-game for this crypto startup, however, it is easy to see there is clear global interest. Specifically, there is interest and measurable activity in the countries that Electroneum has focused partnerships in, as well as countries outside of their current campaign scope. While much of the crypto market is living one day at a time by measuring their success by the market capitalization and dominance, Electroneum is busy playing the long game by focusing on their mission to help unbaked people globally by coming up with novel ways to empower these individuals. In 2020, Electroneum continues to roll out exciting and game-changing initiatives globally that are only just beginning to have an impact on those who need it. With most of the year still ahead of us, there are sure to be more exciting announcements under way as Electroneum unfolds its global campaign to balance the playing field and enable the unbanked.
Marcus Henry is an American Journalist with over 11 years working in the tech industry. He has been actively involved in the crypto community for the past three years and currently works out of Austin, Texas. He covers breaking news, writes perspective pieces and reflections, and conducts interviews with industry professionals and community members. Follow Marcus Henry on Twitter- @MarcusHenryHODL
Disclaimer: The information above does not constitute investment, financial, trading or any other sort of advice and you should not treat any of my content as such. I do not recommend the purchase, sale, or holding of any cryptocurrency or other product and nothing I write about should be deemed as an offer to purchase, sell, or hold a cryptocurrency or other product or service. Please do your own research and consult a certified financial professional before making any investment decision.
Electroneum’s global freelance platform AnyTask has added 109 languages to enable users to interact and work with others regardless of language or location.
AnyTask is a blockchain-based platform that aims to “empower the unbanked” and connect them to the worldwide digital economy.
It has also frozen fees for buyers and sellers of freelance tasks as it attempts to build a base of customers who may be working from home during the coronavirus pandemic.
“Our team of developers has added an integrated translation system onto the AnyTask website, making communication possible in 109 languages spoken by nearly 6 billion people around the world,” said Electroneum CEO and Founder, Richard Ells. “No other freelance platform has this function.”
Learn how Electroneum and @anytaskofficial came together to build the fairest freelance platform in the world! https://t.co/klVbwFoatv #AnyTask #crypto #freelance
— electroneum (@electroneum) March 27, 2020
“By allowing buyers to purchase digital services in all the top spoken languages around the world at prices up to five times cheaper than on any other platform, whilst empowering a new, eager workforce, we are disrupting an already disruptive industry,” he added.
AnyTask soft launched on 13th February and has since attracted 175,800 users to the site, with 73,000 of them being sellers.
“We have developed tons of software over the past two years aimed at helping the unbanked and those living in poverty in developing countries via AnyTask,” Ells continued.
“AnyTask is the fairest freelance platform in the industry because it does not charge sellers of tasks any commissions.”
For more news, guides and cryptocurrency analysis, click here.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.
The Electroneum Hackathon 2025 awarded $52,500 in their native ETN token to decentralised application (dApp) developers who successfully demonstrated brilliant technical execution of their projects.
The winners stood out thanks to their exceptional design quality, user experience, and scalability, among other key attributes.
The goal of the Electroneum Hackathon, sponsored by Ankr, was to drive the creation of innovative, scalable, and functional dApps built on Electroneum’s Layer 1, EVM-compatible blockchain, which features 5-second single-block finality, low transaction costs, and high throughput.
The Top Three Projects Awarded Over 20000 USD in Prizes The Grand Prize of $10,000 went to the ElectroSwap team, a decentralised exchange (DEX) built on Electroneum’s newly launched EVM-chain. With 5-second transaction finality, Electroneum stands among the top five fastest blockchains in the world.
On X, Electroneum said that “the hackathon judges were thoroughly impressed with ElectroSwap_Dex’s commitment to security and risk management.” They also congratulated them for “leading the next generation of dApps built on Electroneum with a focus on innovation.”
ElectroSwap facilitates innovations such as locked liquidity, and its smart contracts have passed multiple security audits. The Electroneum-based DEX also boasts excellent transparency, as transactions and other market movements are traceable in real-time.
In second place, Decent Token creator Oguname Precious, also known as Nippy Sky, was inspired by the growing demand for simple and accessible tools for developers navigating the complexities of building ERC-20 tokens. Nippy’s simplification caught the judges’ eye, winning him and his project $7,500 in ETN.
Oguname said his dApp “allows users to create ERC-20 tokens effortlessly. All they need to do is define the token name, symbol, and total supply, and the Decent Token Creator does all the rest, adhering, of course, to the ERC-20 standard.”
Tanisq Gupta won 3rd place and the accompanying $5,000 award. Gupta’s AuditFi leverages Mistral AI’s large language model for a thorough and meticulous analysis of smart contract security.
Gupta describes AuditFi as next-generation smart contract security that, thanks to AI, delivers instant on-chain reports with optimal accuracy and reliability.
The Honourable Mention Awards The Electroneum Hackathon judges’ panel, which included blockchain experts from Electroneum, Ankr, AnyTask, NetworkUmbria, and VictusGlobal, also awarded four $2,500 Honourable Mentions.
Gupta, who finished in 3rd place with AuditFi, also participated with ProtectedPay, an advanced DeFi platform for secure transactions, group payments, and smart savings across multiple blockchains. One feature worth mentioning is its escrow-like protection, which ensures that funds remain secure until claimed by the recipient.
Ticket City by Isiaq A. Tajudeen and Anagha Madeleine also received one of the four honourable mentions. Their blockchain-based project aims to disrupt the event management industry by offering security, transparency, and efficiency.
“By leveraging Electroneum’s infrastructure and their ETN token, Ticket City can provide a seamless experience for event creation, ticket distribution, and attendance verification,” said Tajudeen.
ElectroPlay and ETN Buddy were also awarded prizes. Shahen Ox and Shahil A, creators of ElectroPlay, said their project aims to create a sustainable gaming platform that bridges web3 projects with engaging gameplay. They said their game is a state-of-the-art competitive game.
ETN Buddy is the first memecoin with utility in ETN. Its ecosystem includes a game under continuous development and a utility NFT with exclusive benefits and reward multipliers.
ETN Buddy is also the mascot of Buddy Battles, a platform developed by Lopez Onchain and GR 333. “It’s a new gameplay system that allows users to participate with any token, among other features.”
Electroneum has been a leader in the mobile payments crypto sector since its launch in 2017, and with its recent EVM-compatibility and smart contract integration, the project promises to continue driving innovation across the web3 space.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Energy-efficient blockchain platform Electroneum has entered into a strategic partnership with international environmental organization One Ocean Foundation, which specializes in marine ecosystem restoration. Company representatives announced this on October 8.
Under the collaboration, Electroneum’s blockchain technology will be used to create a transparent donation system and track the foundation’s environmental projects. The partnership aims to increase transparency and accountability in conservation initiatives.
One Ocean Foundation works on ocean protection and restoration together with partners such as Pirelli, Giorgio Armani, and the Rolex Perpetual Planet Initiative. The organization’s key projects include Blue Forest and Canyon of Caprera.
Through blockchain integration, donors will be able to track fund allocation in real time and see exactly how their contributions are being used in marine ecosystem conservation projects. The technology will also enable the tokenization of sustainable practices, allowing companies and individuals to verify their environmental commitments.
Electroneum is a Layer 1 blockchain platform with low energy consumption. According to the company, the platform consumes less energy than Proof of Stake-based networks. Previously, the company created the world’s first blockchain smartphone and attracted millions of users worldwide. The platform is now undergoing a relaunch called Electroneum 2.0, offering developers low transaction fees. The company also operates the AnyTask.com platform, which provides freelancers from developing countries access to the international labor market.
The significance of the partnership is confirmed by the joint project’s nomination for Premio Aretè 2025 — Award of Excellence, a prestigious award in corporate social responsibility and innovation. The winner will be announced on October 10, and project details will be presented on October 28 in Milan.
“We chose to partner with Electroneum because it is one of the most energy-efficient and environmentally friendly blockchains in the world, – commented Jan Pachner, Secretary General of One Ocean Foundation. – With this partnership, we aim to show that technology and ocean protection can go hand in hand, opening innovative ways to engage audiences beyond our traditional community”.
“We’ve worked hard to become the greenest blockchain solution in the world while remaining one of the fastest, – noted Richard Ells, CEO of Electroneum. – We are excited to work with them on verifiable donation channels where supporters can see exactly how funds are allocated to ocean projects. This will clearly demonstrate the power of blockchain to ensure transparency and veracity”.
AUTHOR
Simeon is a detail-driven editor who sharpens every piece with clarity and precision, ensuring clean, consistent, and professional content throughout.
Bitcoin Cash [BCH] has been trading within a range for just over two years. Since April 2024, the once-prominent altcoin has been constrained to within the $272-$684 range.
This range is massive in both time and size, giving swing traders many more opportunities to enter the market with conviction than lower timeframe ranges might.
A month ago, AMBCrypto reported that BCH was likely to continue its downtrend after revisiting the $480-$500 magnetic zone of short liquidations.
This expectation has come to pass. The $460 short-term support zone, once ceded to the sellers, quickly gave way to a 25.16% Bitcoin Cash drop from $465 (bearish retest) to $348.3.
Has the bearish impulse move ended, or should traders expect further losses?
Technical indicators suggest an overextended market Source: BCH/USDT on TradingView The biggest sign that the impulse move downward might be over was the high-volume slide to $348, followed by a lower-timeframe bounce.
The large downward candlewick on Monday, the 18th of May, told a story of an overextended price move.
The RSI was at 26, within the oversold territory, while the Stochastic RSI appeared to form a bullish crossover. Together, they signaled a potential short-term bounce.
The Fibonacci retracement levels (cyan) were plotted using this impulse bearish move. A bounce to $418 is likely, though it can extend as high as $459 and the $489 swing high.
Therefore, traders can look to utilize a bounce to these levels to look for shorting opportunities. It must be noted that a retest of the key Fibonacci levels is not an automatic sell signal.
An internal structural shift on the lower timeframe price chart, such as the 1-hour, can be used to increase the odds of a successful trade.
It is also possible that BCH bears will not allow a sizeable bounce. Depending on the wider market sentiment in the coming days, a bounce might struggle to clear the $400 area before falling to make new lows.
Traders should avoid FOMO and have clear rules to follow before entering. Rather than buying the bounce, swing traders might find a more feasible opportunity in selling the bounce.
Final Summary The Bitcoin Cash rejection at $465 resulted in a 25% price slide that reached a swing low of $348. The current bounce is just a relief rally, and the trend continues to favor the sellers.
Australia’s corporate watchdog has warned that fake crypto platforms pushed through WhatsApp-style “trading groups” are targeting young investors with fabricated profits, fake order books and invented withdrawal fees.
Summary
ASIC says scammers are posing as “star traders” in messaging groups and steering users to fake crypto sites where deposits go straight to criminals. The regulator says young Australians are especially exposed, with 23% of people aged 18 to 28 already holding crypto and 41% reporting direct online crypto pitches. ASIC is also warning about “recovery” scams that hit victims a second time, while urging users to verify firms through AUSTRAC before sending funds. The Australian Securities and Investments Commission has issued a fresh scam alert over fraudulent crypto trading platforms promoted through WhatsApp and other messaging apps, saying the sites display fake trades and fake profits while sending victims’ money directly to scammers. In the warning published May 24, ASIC said the platforms “show profits and trades, but in fact, there is no real trading, and the site contains fake data,” adding that “any money deposited into these platforms goes straight to the scammers.”
The hook is simple and ugly. Fraudsters join or create “share trading” and “stock tips” groups, impersonate successful traders or recognizable market personalities, then funnel users to sham crypto venues that look legitimate until investors try to withdraw, at which point they are told to pay fabricated “fees to release assets or proceeds.” ASIC said those fees also “go straight to the scammers and no assets are released.”
Young Australians appear to be the preferred prey. ASIC said survey data tied to the alert shows 23% of Australians aged 18 to 28 already own crypto, 72% of Gen Z have seen crypto advertising on social media, and 41% say they have been directly pitched crypto investments online, a combination that makes them unusually reachable through the same channels scammers use to manufacture trust and urgency.
ICYMI: Australia’s ASIC has warned about a rise in crypto scams targeting young investors through social media and WhatsApp groups.
• Scammers are using fake trading apps and fake profit screenshots.
• Victims are added to “investment” group chats with fake experts.
• Users… pic.twitter.com/TrXlF2atUg
— The Crypto Times (@CryptoTimes_io) May 26, 2026 Scam mechanics are getting smarter ASIC’s warning matters because this is not a crude email fraud from 2012; it is a polished social-engineering pipeline built around app-based intimacy, fake dashboards and psychological pressure. The regulator told users to “STOP” before acting on investment advice seen on social media or in messaging groups, to “CHECK” whether a firm is licensed and whether a crypto business appears on AUSTRAC’s virtual asset service provider register, and to “PROTECT” themselves by contacting their bank immediately if money or personal data has already been sent.
That advice follows a broader pattern in Australia’s crypto scam crackdown. In a previous crypto.news report, the Australian Federal Police said Australians lost more than $122 million to crypto investment scams in the prior 12 months, with people under 50 accounting for 60% of cases. The same article noted that ASIC had coordinated the takedown of more than 7,300 phishing and scam sites since July 2023, including 615 crypto investment scams and 5,530 fake investment platforms.
The secondary fraud is even more cynical. ASIC warned that so-called fund recovery services are targeting people who were already scammed once, effectively selling false hope to victims who are desperate to retrieve lost money. European regulators have described the same tactic as “recovery room” fraud, where scammers contact prior victims and offer bogus recovery help for another fee.
Crypto still has a trust problem The uncomfortable point for the industry is that scams like this keep flourishing because crypto remains an ideal wrapper for fraud: fast settlement, global reach, weak user due diligence and a retail audience trained to chase asymmetric upside. In another crypto.news story, Coinbase warned that Gen Z users are increasingly exposed to fake websites, social media scams and recovery schemes, underlining how age and digital fluency do not automatically protect people from sophisticated fraud.
There is also nothing uniquely Australian about the playbook. A previous crypto.news article described Indian police shutting down a fake platform promoted on WhatsApp and Telegram that allegedly stole more than $90,000, while New Zealand’s FMA has issued similar warnings about fake crypto investment platforms spread through social media.
ASIC’s most useful instruction is the least glamorous one: verify before sending money. AUSTRAC says any business providing virtual asset services in Australia must be registered, and that operating such services without registration is illegal, which means the register is not a magic shield but it is still a basic filter for obvious fraud. For a sector that keeps promising mass adoption, that is the embarrassing reality: too many new users still meet crypto first through a scam.
The crypto market extended its decline as BCH, SHIB, and PEPE traded among the biggest monthly discounts. Total market value fell 1.24% to $2.46 trillion, while Bitcoin dropped 1.41% to $72k. The persistent outflow of U.S. spot Bitcoin ETFs pressed several Crypto Market Coins.
BCH Price Extends Losses After Breaking $300 Bitcoin Cash traded lower after heavy selling pushed the token below the key $300 support level. The coin fell 5.78% in 24 hours to $288.27, extending its monthly decline to 35%. BCH is now displaying one of the highest monthly discounts in crypto Market Coins.
The trading volume increased by 83.67 to a high of 220.48 million, indicating more market activity in the breakdown. In case BCH town has more than $285, short term consolidation can subsequently be effected.
Source: Tradingview Nonetheless, a decisive failure below that may reveal $275 as the second support level. Any recovery above 300 can be an early relief among the traders noting the momentum.
SHIB Price Drops 15% Monthly as Market Weakens Shiba Inu price dropped by 1.06% in 24 hours to $0.00000543, after the presentation was weak in the broader crypto market. The token is also 15% down over the last month, a following of pressure on meme coins.
The most recent action seems to be a part of a bigger risk-off action as Bitcoin and major altcoins were lower. SHIB has burned 787,927 tokens in the past 24 and total burned supply is 41.08%.
Source: SHIB burn data SHIB might stabilize at roughly 0.0000054 in case Bitcoin is at about $72,000 or higher. Nevertheless, a more significant weakness can drive the price to the $0.000005 support.
PEPE Price Faces Pressure After 15% Monthly Loss Pepe price fell 1.98% in 24 hours to $0.00000336, extending its monthly decline to 15%. The fall put PEPE in the list of the top 4 crypto market coins with the highest monthly discounts. The most recent downside was the result of a wider crypto market crash, which strained meme coins and other risky assets.
The trading volume increased by a factor of 58.63 with increased selling being experienced in the fall. In case of pressure PEPE can revisit the $0.00000328 support. But at the level of more than $0.00000334, it may indicate short-term stabilization as per the full PEPE forecast report.
In general, BCH, SHIB, and PEPE are experiencing some pressure with a weak market mood. These crypto market coins are currently trading at significant monthly discounts, and Bitcoin ETF outflows are still influencing short-term risk appetite in the altcoins and meme coins.
