Stellar's XLM has been floated as a potential challenger to Solana's SOL after a utility-led move last week lifted XLM up the rankings and took it to $0.248. Market watchers are also focusing on how close 24-hour volume has become, with SOL at $1.91 billion versus XLM at $1.51 billion, even as their market caps remain far apart.

Security researcher 0xflorent recovered 1,003.62 ETH (around $2 million) that had been stuck in a failed 2016 Hongcoin (The HONG) ICO refund contract for nearly nine years. The fix relied on a whitehat use of an integer-overflow issue in an admin multisig function, which required 41 signed transactions to unblock 48 affected investors. As of June 1, 2026, 96.5 ETH has been claimed and roughly 882 ETH remained available for others to withdraw.

Institutional digital-asset investment products saw $1.67 billion in weekly outflows amid heightened Middle East geopolitical risk, while XRP-based products still recorded $20.3 million in net inflows. CoinShares data also showed U.S. investors led withdrawals with $1.63 billion, Germany posted $25.7 million in outflows, and total crypto-fund AUM fell to $141.924 billion.

About 178 billion SHIB flowed back to exchanges on Monday, pushing exchange reserves back above 80 trillion SHIB and interrupting the token's latest recovery attempt. SHIB also broke down from a rising-wedge pattern and remains below its 50-, 100- and 200-day moving averages, with RSI drifting toward the mid-30s. The $0.0000053 area is highlighted as the nearest key support, where a decisive break could add downside pressure.

BitMEX co-founder Arthur Hayes publicly invited investor Kyle Samani to a $100,000 charity wager that Hyperliquid's HYPE will beat every current top-10 cryptocurrency in USD performance through the end of 2026. The challenge comes after HYPE touched a record near $70 on May 31, as traders weigh catalysts such as a U.S. spot HYPE ETF and continued buybacks funded by platform fees.

On June 1, Stellar's XLM briefly moved above $0.27 and at one point showed 24-hour gains of 14% before a broader sell-off reduced the day's increase to 5% by 5:10 a.m. EST. XLM climbed from just under $0.243 to $0.271637, while the aggregate crypto market fell 1.4% and only HYPE (+6.5%) and TRX (+1.1%) also posted gains among Coingecko's top 20. Since Stellar announced a partnership with DTCC, XLM has nearly doubled, its market cap reached $8.5 billion, and the latest 24-hour move coincided with about $4.6 million in short liquidations and $3.76 million in long liquidations.

Ripple USD (RLUSD) opened June with burn activity at $0, while $6.2 million RLUSD had been minted on June 1 at the time of reporting. The last comparable zero-burn reading was recorded on May 30, and RLUSD market capitalization stayed slightly above $1.7 billion with total supply listed at $1.704 billion.

An onchain trader labeled 'loracle.hl' built $42.2 million in perpetual-futures profits over roughly 10 months, then saw those gains erased after an 18-day short against Hyperliquid's HYPE token. As HYPE rose to a record near $70 on May 31, the account was estimated to be down an additional $5.19 million, with most of the short later closed at a large loss.