XRP extended its selloff over the past 24 hours, sliding to around $1.33 and marking its lowest level since April 13. Less than 10 days ago, the token tested resistance near $1.55 before being sharply rejected, and the pullback has since deepened. The broader crypto market was also lower, with Bitcoin dropping to $75,000 for the first time in three weeks. XRP, though, has underperformed, down roughly 14% from its recent local peak on a 10-day view. XRP's market capitalization has fallen toward $82 billion, widening the gap versus BNB to more than $5 billion at press time. On-chain data also points to cooling large-holder participation. Whale activity on the XRP network has fallen from 157 transactions exceeding $1 million a few months ago to 67 today, a 57.3% decline. Analyst Ali Martinez said the drop suggests the asset may be "entering a compression phase," with whales stepping back as the price range stabilizes and near-term volatility eases. There was one notable bright spot in network growth: earlier this week, XRP recorded about 4,300 new wallet creations in a single day, the fourth-largest one-day spike in 2026. Santiment said network expansion is among the stronger signals that can precede market reversals. Still, some analysts see additional downside risk. CRYPTOWZRD said XRP closed with a bearish tone and warned the token could face further pressure if Bitcoin continues to decline. The analyst also flagged an "increasing trend in short positions" and said there are "no reversal signals in the futures market yet," adding that XRP could slip to $1.30.

PANews, May 23 — Uniswap founder Hayden Adams said the protocol's fee mechanism is now active across nine blockchains and is designed to burn UNI. The Uniswap Foundation has launched a new proposal to extend the V2 and V3 fee mechanism to BNB Chain, Polygon, and Celo. The expansion is expected to increase UNI burn and reduce UNI's circulating supply.

Boerse Stuttgart Group's digital settlement unit, Seturion, has formed a strategic partnership with online broker flatexDEGIRO and French lender Societe Generale, including its crypto-asset subsidiary Societe Generale-FORGE (SGFORGE), to develop a pan-European blockchain settlement framework aimed at modernizing post-trade processing and lowering costs. The partners plan to start with tokenized structured securities, citing their high issuance and transaction volumes. Societe Generale will issue tokenized structured products such as turbo warrants and investment certificates via Seturion. These instruments are expected to trade across European venues, including Boerse Stuttgart's own markets and Nasdaq's European trading venues. Retail flow is set to come through flatexDEGIRO, which serves more than 3.5 million customers across 16 countries. Settlement will take place on-chain through Seturion using regulated euro- and U.S. dollar-pegged stablecoins provided by SGFORGE. Seturion said the design targets Europe's fragmented post-trade landscape by supporting both public and private blockchains, with the stated goal of reducing settlement costs and shortening transaction cycles. Matthias Voelkel, CEO of Boerse Stuttgart Group, said Seturion is intended to serve as a European settlement platform aligned with the emerging Capital Markets Union and to help overcome fragmentation. Lidia Kurt, CEO of Seturion, said faster and more cost-efficient settlement "on tokenized rails" is especially relevant for securities with large numbers of transactions and issued products. Oliver Behrens, CEO of flatexDEGIRO, highlighted execution quality and settlement efficiency as central to modern online brokerage, describing tokenization as an area of "enormous potential." Societe Generale executives framed the project as a bridge between digital-asset infrastructure and traditional finance. Jean-Marc Stenger, CEO of SGFORGE, said regulated stablecoins would support secure on-chain settlement, while Christian Sagerer, a management board member at Societe Generale's Frankfurt branch, said the bank aims to use the infrastructure to drive innovation and improve efficiency in how structured securities are issued and distributed.

Odaily Planet Daily reports that a Uniswap governance proposal aims to roll out the protocol fee collection-and-burn infrastructure on BNB Chain and Polygon, while also completing the previously unfinished fee activation on Celo that was left unexecuted due to configuration errors. Under the proposal, TokenJar would be designated as the V2 fee receiver on BNB Chain, Polygon and Celo, and V3OpenFeeAdapter would be set as the owner of the V3 Factory on those chains. On Celo, the feeToSetter role and ownership of the V4 PoolManager would be transferred to CrossChainAccount. The proposal says fees accrued on each chain would be consolidated into the relevant TokenJar, then UNI would be bridged back to Ethereum mainnet and sent to a burn address.

A Uniswap governance proposal calls for rolling out the protocol's fee collection and burn setup to BNB Chain and Polygon, while also finalizing fee activation on Celo after an earlier attempt was left incomplete due to a configuration error. Under the plan, TokenJar would be designated as the fee recipient for Uniswap V2 deployments on BNB Chain, Polygon, and Celo. For Uniswap V3 on those networks, V3OpenFeeAdapter would be set as the owner of the V3 Factory. On Celo, the proposal also includes moving the feeToSetter role and transferring ownership of the V4 PoolManager to CrossChainAccount. The proposal says fees collected on each network would be consolidated into the relevant TokenJar, then UNI would be bridged back to Ethereum mainnet and sent to a burn address.

Uniswap is preparing to expand its protocol fee buyback and burn mechanism for UNI to BNB Chain, Polygon, and Celo, according to ME News. The plan was disclosed on May 23 (UTC+8). The proposal will use a fast-track governance route approved under UNIfication, allowing fee-parameter update proposals to skip the RFC stage and move straight to a five-day Snapshot voting period, followed by on-chain voting. (Source: Foresight News)

Ethereum (ETH) remains stuck below key resistance, and trader mood has swung sharply from patience to frustration in recent weeks. According to Santiment, the slide has been visible not only in price action but also in the shrinking pool of so-called "patient holders," with sentiment deteriorating as ETH fails to regain critical levels. Since early April, ETH largely traded in a $2,200–$2,400 band and repeatedly attempted to break higher. After another failed move earlier this month, the token is down 11.5%, reviving the risk of a drop below $2,000 for the first time since March. Even as the price weakened, Ethereum's social dominance rose. Santiment noted that this metric is typically constructive when paired with strong bullish momentum. This time, discussion volume surged after the April 17 local top and stayed elevated while ETH continued to fall, a pattern the firm associates with traders fixating on an asset for negative reasons. Instead of enthusiasm for new highs, online chatter shifted toward frustration, disappointment, and fears of further downside. Sentiment measures have also eroded. The ratio of bullish to bearish Ethereum comments has fallen from about 2:1 to roughly 1:1 since April, indicating that positive views have faded and negative views now match them. Santiment said this kind of breakdown often appears when traders lose confidence in the near-term direction, and that Ethereum's downturn in sentiment was driven less by a single shock than by multiple negative narratives building quickly. Santiment pointed to several factors weighing on perception. ETH's relative performance has disappointed traders who expected it to reassert the leadership role it held in prior cycles, with some now viewing it as "dead money" compared with higher-momentum assets this year. The performance of Ethereum ETFs has added to concerns, as large outflows are often read by retail investors as evidence that institutions are "abandoning" the trade. The firm described a feedback loop in which falling prices trigger fear, fear drives withdrawals, and those withdrawals reinforce fear. Negativity has also been amplified by reports of multiple departures from the Ethereum Foundation, prominent advocates publicly distancing themselves from the ecosystem, and claims that major ETH figures have reduced or exited positions. Ethereum has faced renewed criticism over competition from faster-growing ecosystems, with retail participants focusing less on developer strength and more on near-term price acceleration. On-chain activity has softened relative to past rallies as well, with fewer new wallets interacting with the network and broader participation slowing alongside momentum. Even so, Santiment said the rising bearishness could eventually prove constructive from a contrarian angle, noting that markets often move against the crowd when consensus becomes overly one-sided. The firm argued Ethereum is approaching a point where social media commentary is overwhelmingly negative, a setup that, from a behavioral perspective, is often seen near major turning points.

Goldman Sachs has quietly unwound its entire XRP ETF stake, and the market has taken it in stride. A Form 13F filed with the U.S. Securities and Exchange Commission in mid-May shows the bank eliminated roughly $154 million in XRP-linked ETF exposure by the end of March 2026. Goldman entered the XRP ETF space in late 2025 and had spread its holdings across products from Bitwise, Grayscale, Franklin Templeton and 21Shares. At its high point, the position represented nearly 73% of all disclosed institutional XRP ETF holdings. The exit came as part of a wider portfolio reshuffle. The same filing indicates Goldman also closed its Solana ETF exposure, cut Ethereum ETF holdings by about 70%, and reduced select Bitcoin ETF positions, while still holding roughly $700 million in Bitcoin ETFs. What stood out was the lack of disruption in XRP ETF flows. Crypto commentator X Finance Bull noted that if Goldman sold about $154 million and the category still recorded $60.5 million in weekly net inflows during the same week, buyers likely absorbed more than $214 million in total to offset the selling and keep the week in the green. Rather than triggering a pullback, XRP spot ETFs posted their strongest weekly inflow since January, pushing cumulative inflows to about $1.39 billion. The takeaway: large institutional selling only becomes destabilizing when there is not enough demand to meet it. In this case, Goldman and other sellers were met with sufficient buying interest to absorb the supply and still add net new inflows, pointing to continued institutional and retail appetite for XRP-linked ETFs. Caveat: 13F filings are backward-looking and do not reflect intra-quarter activity, derivatives, or non-reportable positions, so they do not provide a complete real-time picture. Even so, the market's ability to digest Goldman's exit offers a near-term read on demand in the XRP ETF market.

Onchain Lens reports that Garrett Jin (@GarrettBullish), acting on behalf of "1011 Insider Whale," opened a 3x short position in 57,500 ZEC on Hyperliquid with a notional value of $34.5 million. The trader also increased HYPE holdings to 68,600 tokens, valued at $38 million. The same address continues to hold a 5x leveraged long of 504 BTC, showing an unrealized loss of $920,000.