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XRP Slides Nearly 6% Over Seven Days as XLM Jumps 22% on DTCC Tokenization Plan
On May 28, XRP fell to $1.265 before rebounding to $1.29, down 3.2% in 24 hours and nearly 6% over seven days as the wider market sold off. The drop pushed XRP's market cap below $80 billion, while XLM rose more than 22% to $0.1792 after DTCC and the Stellar Development Foundation outlined a tokenization initiative. Total crypto market capitalization declined to $2.58T, with the aggregate altcoin market cap at $1.05T.
XRP
XRP+3.56%
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VanEck launches VBNB, the first U.S. spot BNB ETF with 0.39% sponsor fee
VanEck launched the VanEck BNB ETF (VBNB) on Thursday, positioning it as the first U.S. exchange-traded product intended to track BNB's spot price moves. The prospectus says the Nasdaq-listed shares are physically backed by BNB held in cold storage with Anchorage Digital Bank and charge a 0.39% sponsor fee. VanEck first filed for a BNB ETF in May 2025, while Grayscale is also pursuing approval for a spot BNB ETF; both filings exclude staking at launch but include conditional staking language.
BTC
BTC+0.01%
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Arthur Hayes details why many crypto tokens decline, citing Hyperliquid’s 97% buyback model
On 28 May 2026, Arthur Hayes argued that many crypto tokens are designed to weaken after launch because protocol-generated revenue typically does not flow back to token holders. He also said VC-backed TGEs can create persistent sell pressure as unlocks and vesting schedules increase supply, while Hyperliquid allocates 97% of revenue to buying back HYPE from the open market.
BTC
BTC+0.01%
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