Trump Media & Technology Group transferred 2,650 Bitcoin—about $205 million—to Crypto.com, according to on-chain data tracked by market observers. The move coincides with the company's decision to withdraw registration filings for multiple Truth Social-branded cryptocurrency exchange-traded funds. The deposit has drawn scrutiny because exchange inflows are often watched as a potential signal of selling. Trump Media has not said whether the transfer reflects an intended sale, a custody change, or another treasury-management action. The company previously sold 2,000 Bitcoin earlier in 2026 when BTC was trading near $87,000. Trump Media disclosed it originally purchased 11,542 BTC at an average cost of roughly $119,000 per coin and reported holding 9,542 BTC at the end of the first quarter. After the latest transfer, its wallet is estimated to hold about 6,889 BTC, valued near $534 million based on the prices cited in the source material. If the deposited Bitcoin is ultimately sold, the company would drop in the corporate Bitcoin-holder rankings and could fall behind Galaxy Digital. The firm built most of its Bitcoin treasury between July and August 2025, when prices were near record highs, positioning itself among public companies using Bitcoin as a reserve asset. Observers have compared the approach to Strategy's corporate Bitcoin playbook under chairman Michael Saylor, though Strategy accumulated its holdings at far lower prices than Trump Media's near six-figure entry levels. Separately, Trump Media withdrew filings for three Truth Social-branded crypto ETFs: the Truth Social Bitcoin ETF, the Truth Social Bitcoin & Ethereum ETF, and the Truth Social Crypto Blue Chip ETF. The Crypto Blue Chip ETF was structured to hold a basket including Bitcoin, Ether, Solana, and XRP. The filings were sponsored alongside Yorkville America Digital. SEC documents said the company chose not to proceed with the public offerings at this time; the registration statements never became effective and no securities were sold under the proposed funds. Yorkville America characterized the pullback as a strategic reset, saying it may pursue an Investment Company Act of 1940 structure instead of the Securities Act of 1933 framework commonly used for spot commodity-style products. Financial pressure has also been building. Trump Media reported a first-quarter net loss of about $406 million, according to the SEC disclosure cited in the source material, including roughly $244 million in unrealized losses largely tied to Bitcoin holdings. The company also recorded around $108 million in losses from equity securities and investment positions. Its equity securities portfolio fell from $722 million at the end of 2025 to $554 million by the end of the first quarter of 2026. The losses were partly offset by $37 million in options gains and $17 million in realized derivative profits. Trump Media also disclosed it owns 756 million Cronos tokens acquired through a prior agreement with Crypto.com, valued at about $53 million. The ETF withdrawals arrive as competition in U.S. Bitcoin funds intensifies. Morgan Stanley recently launched a Bitcoin ETF with a 0.14% annual expense ratio, increasing fee pressure on issuers seeking inflows. Bloomberg analyst James Seyffart said the withdrawal may reflect the tougher landscape for spot Bitcoin ETFs, which have attracted more than $57.7 billion in cumulative inflows since SEC approval in January 2024. Trump Media's crypto activity continues to face heightened scrutiny given its ties to President Donald Trump and the broader political debate over digital assets. The CLARITY Act has added attention by proposing limits on crypto activity involving senior public officials and their families while in office.

XRP held around $1.37 by midday Thursday in Hong Kong, as steady buying into XRP-linked exchange-traded funds offered support even while the broader crypto complex struggled to find direction. CoinGlass data shows XRP ETF products took in $8.88 million in the latest session, extending a week-long run of net inflows. The prior sessions included $18.52 million on May 14 and $10.87 million on May 15. Total inflows over the past week are roughly $42 million. The picture looked very different for the largest listed crypto funds. Bitcoin ETFs recorded another $100.9 million of outflows in the latest session, adding to earlier withdrawals of $648.6 million, $331.1 million, and $290.4 million. Ether funds also saw redemptions, with $32.6 million leaving the market. Analysts have highlighted the divergence. XRP ETF flows remain small relative to the scale of Bitcoin products, but the consistency stands out as capital has been exiting the biggest crypto vehicles. On-chain data added a second signal. Santiment reported XRP logged the fourth-largest daily jump in wallet creation this year, with 4,300 new wallets added over 24 hours. New wallet growth can align with rising interest in XRP ETF products when fund flows and network activity move in tandem. Even so, network growth is still below late-2025 levels, keeping optimism in check. Traders are watching whether the XRP ETF inflows mark the start of a broader rotation into XRP or a short-lived speculative burst while Bitcoin and Ether remain under pressure.

XRP is seeing one of its sharpest bursts of network expansion this year, a development on-chain analysts say can precede a bullish turn. Santiment reported that roughly 4,300 new XRP wallets were created in a single 24-hour period, the fourth-largest daily wallet-growth spike of 2026. Santiment said the jump stands out because network growth is "among the top leading signals to identify reversals," and grouped the move with other indicators suggesting XRP may be offering a comparatively lower-risk entry. In a recent livestream, Santiment analyst Brian Quinlivan pointed to three data points: new wallet inflows, weak holder profitability, and subdued social sentiment. In his view, the combination supports an "undervalued" setup. Key on-chain metrics cited by Santiment: - 365-day MVRV (average holder unrealized profit/loss): about 35.12% - 30-day MVRV: around 3% Quinlivan said readings below zero imply both recent and longer-term holders are not sitting on substantial unrealized gains, a condition that has historically aligned with cooler market positioning and lower risk. He also emphasized the long-term measure, saying: "Anything below 30, no matter what asset you're looking at, that's something that should provide confidence in your investment because you have something that quantifies how much blood in the streets there is." He argued that deeper drawdowns among existing holders can make entries less fraught. Sentiment data also leaned toward a contrarian interpretation. Santiment measured XRP's social tone as more negative than normal, with about 1.7 bullish comments for every bearish one, below XRP's typical roughly 2:1 bullish baseline. Excluding a May 14 outlier, sentiment had stayed under its average for around 10 days, a pattern Santiment often views as constructive because extreme optimism tends to cluster near local highs while apathy or frustration can precede more attractive entry points. Quinlivan framed the setup against a softer altcoin environment, where many tokens have lagged Bitcoin's gains and narrative-driven excitement can fade quickly without price confirmation. He cited a recent Rakuten partnership narrative tied to XRP as an example of attention dissipating when the market fails to respond. At the time of reporting, XRP was trading around $1.36.

Morgan Stanley has filed an amended prospectus for a proposed spot Solana exchange-traded fund, a step that coincided with a fresh uptick in inflows to Solana ETF products this week. Spot Solana ETFs drew $3.78 million of net inflows on Tuesday after taking in $2.06 million on Monday, according to SoSoValue. SOL changed hands around $85 on Wednesday, still trading below key near-term resistance levels. Morgan Stanley’s revised filing covers the Morgan Stanley Solana Trust, an ETF expected to list on NYSE Arca under the ticker MSOL. The trust is designed to hold SOL directly and track the token’s U.S. dollar performance after fees and liabilities. The amended prospectus also introduces staking. Morgan Stanley said the trust may stake a portion of its SOL through third-party providers, with staking rewards reflected in net asset value. Provider selection would be evaluated using criteria including performance, reliability, reputation, uptime, and slashing history. The filing adds that staking rewards may be distributed at least quarterly when required under current IRS guidance. The prospectus frames the vehicle as passive. It states the fund will not employ leverage, derivatives, or similar structures to pursue its objective, aiming instead to give investors direct SOL exposure through a traditional brokerage account without requiring wallet management, private keys, or on-chain transfers. Flows improved even as price action stayed cautious. On the charts, SOL was near $84 on Wednesday, below the 23.6% Fibonacci retracement level around $86.67 and the 50-day exponential moving average at $87.64—an initial resistance zone. A broader rebound would require a move above the 100-day EMA near $92.96, with analysts also watching the $97.89 to $98.53 area as the next major resistance band. Until those levels are reclaimed, rallies may continue to face selling pressure. Derivatives indicators showed modest signs of stabilization. Funding rates for Solana turned positive on Tuesday and rose to 0.0063% on Wednesday, based on Coinglass data referenced in the update, indicating longs are paying shorts. The long-to-short ratio recovered to 0.99 on Wednesday after dropping to its lowest level in more than a month on Sunday; a move above 1 would imply more traders positioned for gains than declines. CryptoQuant summary data pointed to neutral to mildly positive conditions across spot and futures markets, suggesting the market has cooled after the recent bout of selling without yet confirming a full reversal. From a technical perspective, SOL remains in a corrective phase while it trades below short- and medium-term moving averages. The token rebounded to about $85.65 after holding above the $84 support area. The RSI climbed to 47.58 and the MACD histogram turned positive at 0.283, signaling improving momentum, with the MACD line approaching a potential bullish crossover that could support a move toward $90 if volume strengthens. Support was cited near $77.71, with deeper downside support around $67.50. If SOL fails to reclaim the $86.67 and $87.64 resistance levels, sellers may retain control of the near-term structure. Morgan Stanley’s updated MSOL filing adds a renewed institutional angle to the Solana narrative, but the market still needs stronger follow-through in spot demand to validate a breakout above resistance.

CoinMarketCap data show XRP attracted $12.57 million in net inflows for the week ended May 23, while Bitcoin and Ethereum remained under pressure with net outflows of $1.15 billion and $209.32 million, respectively. The report said XRP posted net inflows on every trading day of the week, making it the strongest of the three assets on weekly fund flows. It was also the second time this month that XRP has led Bitcoin and Ethereum in weekly capital movement. Weekly figures point to a clear split in crypto allocations: XRP continues to draw steady inflows as Bitcoin and Ethereum extend consecutive outflows. Against a broadly cautious market backdrop, the pattern suggests institutional interest in XRP is holding up. On pricing, XRP spent most of the week below $1.40 and is hovering near $1.36. Despite muted price action, funding rates have not softened to the same degree. CoinMarketCap noted that the recent slowdown appears to have weighed more on retail demand, while institutional demand remains resilient, though inflows are still relatively modest. Market attention is now on whether continued institutional buying can translate into stronger price momentum. For now, XRP has clearly outperformed Bitcoin and Ethereum on short-term fund flows.

NEAR Protocol outlined a major network upgrade designed to let the blockchain scale automatically, sparking a sharp market rally. The NEAR token climbed more than 27% in the past 24 hours to around $2.25 after the team said an automated scaling feature known as "dynamic resharding" is set to go live in June. Dynamic resharding is built around "shards," independent partitions of the blockchain that process transactions and smart contracts in parallel. More shards generally mean higher throughput. Until now, expanding NEAR's shard count took weeks of manual coordination, including validator alignment, a governance vote, and a phased rollout. Under the new system, the network will automatically split a shard once it hits a state-size threshold. The split is deterministic and validated by state witnesses, eliminating the need for human intervention. NEAR also plans to add additional parallel validators to manage higher load rather than simply dividing a shard in two. The upgrade is positioned to help NEAR respond in real time to demand spikes, a feature the team says is particularly relevant for an AI-driven on-chain economy where bots and automated agents may transact at high frequency. It also introduces post-quantum-safe signing aimed at protecting user funds against future quantum computing risks, as research in recent years has highlighted the possibility that sufficiently powerful quantum machines could weaken today's cryptographic systems. Following the announcement, NEAR was the best-performing cryptocurrency among the top 100 by market capitalization over the past 24 hours. The move has also been supported by demand for the Bitwise Near Staking ETP in Europe, which attracted roughly $7 million this week, according to Bitwise CEO Hunter Horsley. Over the same period, Bitcoin slipped about 0.4% to roughly $77,360. NEAR's June upgrade is intended to make the protocol self-scaling and more future-proof, with investors focusing on potential gains in throughput and security.

Goldman Sachs has eliminated its exposure to XRP-linked ETFs, taking a stake previously estimated at about $154 million to zero in the first quarter of 2026, according to its latest disclosure. The bank had built the position in late 2025, holding XRP ETF exposure across products from Bitwise, Grayscale, Franklin Templeton and 21Shares. By the end of Q4 2025, that basket totaled roughly $154 million and represented nearly 73% of all disclosed institutional XRP ETF investments at the time. Goldman's Form 13F, filed with the SEC in mid-May, showed no XRP-related ETF holdings as of the end of Q1 2026. The filing also pointed to a broader portfolio reset: the firm exited Solana ETF exposure, cut its Ethereum ETF holdings by about 70%, and reduced part of its Bitcoin ETF exposure. It still held a much larger Bitcoin ETF position of around $700 million. Market watchers argue the key development was not the exit itself but the market's ability to digest it. Commentator X Finance Bull noted on X that spot XRP ETFs still posted $60.5 million in weekly net inflows during the week the news circulated, indicating fresh demand was strong enough to offset Goldman's selling. Spot XRP ETFs also recorded their strongest weekly inflow since January, lifting cumulative inflows to about $1.39 billion. If Goldman's entire $154 million reduction occurred in that same week, total buying would have needed to exceed $214 million to both absorb the sale and keep net flows positive. The figures suggest that selling pressure from a major institution was not only absorbed but surpassed by new purchases, supporting the view that demand for XRP-related ETF exposure remains resilient even after Goldman's exit.

According to Huo Xing Cai Jing, Hyperliquid ETFs posted $16.1 million in net inflows on May 22. BHYP attracted $8.4 million, while THYP drew $7.7 million. The products have now recorded net inflows for eight consecutive trading days, pushing cumulative net inflows close to $70 million.