Institutions Rotate to XRP, NEAR Crypto & Solana as Crypto Funds Bleed $1.47B: Report

In major crypto news today, XRP, Near Protocol, and Solana are witnessing massive buying from retail and institutional investors. Institutions are rotating out of Bitcoin and Ethereum into altcoin-focused crypto funds, as evident from recent analyst predictions and spot ETF inflows.  Crypto Funds Record $1.47 Billion in Outflows  Crypto funds globally saw outflows of $1.47 billion, a second consecutive negative week, CoinShares reported on May 26. Also, this marks the third-largest weekly outflow of 2026, following two outflows of $1.7 billion in late January.  Cumulative outflows over the past two weeks now stand at $2.54 billion despite the CLARITY Act progress. Bitcoin saw $1.315 billion in outflows, the largest weekly outflow of 2026.  Meanwhile, Ethereum saw $222 inmillion in outflows, broadly in line with last week. Continuous outflows from Bitcoin and Ethereum signal that macro and US-Iran war-related risk-off has deepened and broadened.  Altcoins continued to attract selective inflows but on a smaller scale than the prior week. XRP leads with $31.8 million in inflows. NEAR crypto and Solana followed with $9 million and $7.7. million, respectively. Also, Sui and multi-asset funds recorded significant inflows.  Bitcoin, Ethereum, XRP, Solana, NEAR Crypto Funds Flows. Source: CoinShares  Notably, nine crypto asset funds, including XRP, recorded inflows of more than

05-26

BitMine lost $8 billion on ETH but Tom Lee still made tens of millions

Shares of BitMine Immersion Technologies, trailing 12 months. Source: TradingViewTens of millions for Tom Lee  Five months after those strategic advisor warrants, BitMine asked stockholders to approve a new package for Lee, who had assumed the chairman role.  Despite BitMines common stock languishing 79% below its 52-week high at the time, a majority of voting power agreed on January 15, 2026.  The package was worth up to $95 million in cash over five years. BitMine paid $15 million upfront and committed to $20 million more in fixed payments over four years. The remaining $60 million unlocks only if BitMine hits annual revenue hurdles.  Targets escalate from $200 million in fiscal 2027 to $500 million in fiscal 2030. In addition to the cash, Lee received 1.5 million time-vesting restricted stock units and 4.5 million performance units.  Performance units vest at $125 and $250 share price targets.  Curiously, BitMine‘s board justified the lavish deal by calling Lee a uniquely qualified leader. In actual fact, the company’s ETH treasury was already underwater by more than $4 billion at the time of the January vote, and losses have doubled since then.  Compensation for me, dilution for thee  BitMines common stock has lost 30% of its value year-to-date, and 88% since its 52-week

05-26

Binance seeks Philippines comeback through SEC sandbox deal

Binance has partnered with BlockShoals Technologies as it seeks a regulated path back into the Philippines. Binance partnered with BlockShoals, an approved participant under the Philippine SECs StratBox sandbox framework.BlockShoals will act as the approved local intermediary while Binance provides technology and compliance support.Binance remains blocked in the Philippines after the SEC raised licensing concerns in 2024.  The exchange said on May 26 that the partnership will operate under the Philippine Securities and Exchange Commissions Strategic Sandbox, also known as StratBox.  BlockShoals is a Philippine-registered company approved under the SECs Crypto Asset Intermediary framework within the sandbox structure. Binance said BlockShoals will serve as the approved local intermediary, while Binance will provide technology, security, operations, product support, and compliance experience.  We are excited to support the Philippine SECs StratBox initiative through our partnership with BlockShoals.  Frameworks like StratBox matter because they create space for innovation, dialogue, and stronger safeguards for users — all at the same time.  SEC sandbox gives Binance a new route  Binance said the arrangement aims to test a tailored platform experience for users in the Philippines inside a supervised environment. The company described the sandbox as a “controlled and supervised environment” for financial innovation.  The sandbox phase is expected to begin in the

05-26

TrapDoor Malware Campaign Targets Aptos, Solana, and Sui Developer Ecosystems

TrapDoor malware spread through fake crypto developer packages across registries.Attackers targeted SSH keys, AWS tokens, and wallet credentials in builds worldwide.Researchers linked coordinated uploads to Aptos, Sui, and Solana tooling ecosystems.  Researchers have uncovered a coordinated malware campaign that targets cryptocurrency developers through fake software packages spread across major coding registries. The operation, named TrapDoor, focused on developer environments connected to blockchain ecosystems such as Aptos, Sui, and Solana. Security analysts warned that the campaign aimed to steal sensitive credentials from machines used in crypto development workflows.  Researchers from Socket Security discovered more than 34 malicious packages distributed across npm, PyPI, and Crates.io. Altogether, the campaign involved more than 384 package versions. The attackers designed the software to appear legitimate by mimicking popular development utilities and blockchain tooling.  Malware Targets Developer Credentials  The malicious packages targeted high-value information stored on developer systems. The malware searched for SSH keys, AWS credentials, GitHub access tokens, wallet keystores, and browser login databases. Consequently, compromised systems could expose both personal and corporate infrastructure tied to crypto projects.  Researchers identified several suspicious Rust packages on Crates.io, including sui-framework-helpers, move-analyzer-build, and sui-move-build-helper. Additionally, npm packages carried names such as crypto-credential-scanner and wallet-security-checker. PyPI packages included eth-security-auditor and defi-risk-scanner.  The attackers relied on

05-26

Canton Network ETP Goes Live, but CC Extends 24H Decline

The Bitwise Canton ETP (BWCC) gives investors regulated exposure to CC through traditional brokerage accounts and is fully backed by tokens held in cold storage. The launch follows growing institutional interest in Canton-related products, including a recently launched US ETF by 21Shares. Despite the development, CC fell 3.1% over the past 24 hours and traded near $0.1606 at press time.  Bitwise Launches Canton ETP  Bitwise expanded its European crypto investment lineup after a new exchange-traded product () tied to the native token of the Canton Network. Canton is a privacy-focused permissioned blockchain that attracted participation from several major financial institutions.  The new product is known as the Bitwise Canton ETP (BWCC), and it officially began trading on Deutsche Börse Xetra on Tuesday. It offers investors exposure to Cantons native token, CC, through traditional brokerage platforms without the need for a crypto wallet.  According to Bitwise, the ETP tracks the Kaiko CANTO Reference Rate LDNLF index and is fully backed by CC tokens that are held in cold storage. The product carries an annual expense ratio of 0.85% and was issued through Bitwise Europe GmbH in Germany.  Bitwise Managing Director and Head of Europe Bradley Duke described Canton Network as a blockchain that is specifically built

05-26

XRP Crowd Fear Deepens As Santiment Points To Possible Rebound

XRP crowd sentiment has deteriorated to its weakest level in three weeks, according to a Santiment Intelligence chart shared on X, putting the token back in what the analytics firm described as a historically relevant “FUD zone.”  Santiment said the ratio of positive to negative social media commentary around XRP has dropped to just 1.1 bullish comments for every bearish comment. In the chart, the positive-to-negative sentiment ratio sits near 1.104 on May 25, close to the lower fear threshold marked by Santiment, while XRPs price line hovered around the mid-$1.30 area.  “XRP‘s crowd sentiment has swung sharply negative again, with the ratio of positive to negative commentary dropping to just 1.1 bullish comments for every 1 bearish comment,” Santiment wrote. “Historically, this kind of fear and skepticism has often acted as a contrarian signal for XRP’s price.”  What This Means For XRP Price  The point of the signal is not that bearish commentary has overtaken bullish commentary outright. Rather, it shows that the balance of social discussion has compressed sharply toward parity. For a token that often trades heavily on retail sentiment, legal narratives, exchange-flow speculation and broader altcoin risk appetite, a sharp decline in crowd confidence can matter because it may indicate

05-26

Stablecoin Yield Platform TownSquare Secures $16.25 Million From WLFI, OKX

Instead of a user manually lending on Aave or farming on another protocol, TownSquare does the routing and infrastructure part itself.  So for a normal user, the experience is essentially Deposit stablecoins and earn yield.  As of writing, Townsquares TVL has reached $46.4M. The platform currently supports EVM ecosystems including Monad and BNB Chain, with initial yield vaults expected to include USD1, USDC, cbBTC, tokenized gold, and other RWAs through partner integrations.  The funding follows after its announced plans last week with WLFI for a $100 million UhSD1 pipeline. With that, WLFI alongwith Townsquare aims at scaling institutional and on-chain yield products for its USD1 stablecoin.  Amid CLARITY Act Debate  As mentioned, the funding becomes particularly notable as stablecoin yield products remain at the center of the ongoing CLARITY Act debate in the United States.  The proposed legislation has faced months of delays. These are over disagreements tied to stablecoin rewards, DeFi protections. For months, lawmakers have been examining questions around whether crypto platforms should be allowed to offer yield products lest they ruin traditional banks.  However, last week, the Senate Banking Committee advanced the bill in a 15-9 bipartisan vote. This was after lawmakers introduced a compromise proposal around stablecoin yield provisions. Also, Senator Synthia recently

05-26

Pendle and Tokenized Yield: Fixed-Rate DeFi’s New Narrative

Pendle vs. alternatives: how it compares across venues  There‘s no one-size-fits-all yield venue. Here is a high-level comparison to frame trade-offs between Pendle’s tokenized yield, money markets, and off-chain options. Always validate current terms and risks before acting.Venue/StrategyRate CertaintyCore RisksFlexibilityWho It SuitsPendle PT (buy fixed)High if held to maturityUnderlying asset risk, smart-contract risk, liquidity near maturityTradable before expiry but with slippageTreasuries, funds hedging income, conservative operatorsPendle YT (variable yield)Low; depends on realized yieldRate volatility, incentive shifts, funding to rollTradable; can pair with PT for hedgesTraders with a view on yield/points cyclesHold underlying (LST/LRT)None; fully variableDepeg/slashing, oracle changes, validator performanceHigh; can move anytimeBuy-and-hold stakers comfortable with variabilityMoney markets (Aave/Compound-style)Variable; depends on utilizationSmart-contract, liquidation risk if leveragedHigh; supply/withdraw anytimeShort-term parking, collateralized strategiesCeFi “earn” productsAdvertised as fixed, but counterparty dependentCustodial and credit risk; limited transparencyMedium; redemption terms varyUsers prioritizing simplicity over self-custody  Pro tip: If you already hold an LST and crave certainty, swapping into the matching PT near an attractive discount can lock your rate while keeping on-chain custody. Model exit costs before committing to a long maturity.  Compared with lending markets, PT provides a known outcome if you can hold to term. Compared with CeFi, you avoid centralized counterparty risk but assume protocol and

05-26

Spotify Stock Analysis: Breakout Tests 534–542 After Investor Day

SPOT — daily chart with candlesticks, EMA20/EMA50 and volume.Daily Technical Setup for Spotify Stock  Price trades well above the 20-day EMA 457.95 and the 50-day EMA 473.56. Therefore, the intermediate uptrend remains intact. However, it still sits below the 200-day EMA 542.04, keeping longer-term resistance overhead.  The daily RSI is 67.35 — hot but not extreme. Momentum is strong with a risk of a pause. The MACD line at -2.77 is crossing well above its signal at -12.58, with a positive histogram of +9.81. Upside momentum is inflecting, but the longer trend has not fully flipped. Bollinger Bands place the upper band at 496.15, with price above it. That reflects a powerful breakout that can either trend or mean‑revert quickly. Daily ATR sits at 23.18, indicating wider ranges.  The daily pivot is 519.72, near the close. R1 stands at 534.14 and S1 at 505.44. Therefore, 534 is the next meaningful test, while 505 marks first support on weakness.  Intraday View: 1‑Hour Chart Backs Bulls  The regime is flagged bullish, with price above the 20/50/200 EMAs 493.75/467.57/461.90. Intraday alignment favors buyers. However, the 1H RSI at 70.16 is stretched, raising the risk of a pullback. The 1H MACD remains positive. The line at 21.77 sits above

05-26

Abundant Mines Wins Inaugural Satos Award For Mining & Energy

HOOD RIVER COUNTY, Ore. – May 26, 2026 – Abundant Mines, a premium bitcoin mining and energy infrastructure company, was named the recipient of The Satos Award for Mining & Energy, receiving the recognition during the first year of the program. The honor was presented at the Abundant Mines booth during the Bitcoin Conference 2026.  The Satos Awards is a bitcoin-only awards program celebrating excellence across the bitcoin ecosystem. Nominations and voting were open to the public and determined entirely by the bitcoin community, making this a direct reflection of sector sentiment.  “Winning a Satos Award in the inaugural year is truly significant to our team because it serves as an acknowledgment directly from the bitcoin community itself,” said Beau Turner, CEO of Abundant Mines. “This honor validates our approach. It also reflects the credibility we have worked so hard to earn from our customers by not only over delivering in our service to them but also by stressing openness, operational distinction, and customer education. This is far more than a recognition of our advancement and infrastructure, it is an affirmation of how we do our business differently in a sector that has struggled with credibility.”  Over the last few years, Abundant Mines

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