Stellar's XLM token surged 10% to $0.249 following a breakthrough in real-world asset tokenization and a $1.32 million short squeeze triggered by volatile US labor reports. The token's price rally is driven by Stellar's integration with DTCC, which plans to launch a testnet for tokenizing US stocks and bonds in July, with a full launch expected in early 2027. On-chain data shows a 22% monthly growth in real-world assets on Stellar's blockchain, reaching $2.83 billion, and a 155% increase in transfer volumes. Additionally, US jobless claims slightly exceeded expectations, causing market volatility that forced leveraged traders betting against XLM to liquidate positions, further boosting the price.
Stellar (XLM) has recorded five consecutive days of price gains after successfully defending a key support level at $0.183 EMA. This steady recovery has drawn increased retail trader participation, boosting buying momentum and shifting market sentime...
The CoinDesk 20 index declined by 0.9%, driven down by Internet Computer (ICP) falling 4.1% and Sui (SUI) dropping 4%. Meanwhile, Stellar (XLM) surged 10%, standing out as the top gainer among the 20 assets. The index reflects a broad range of crypto...
The cryptocurrency market declined after the U.S. Federal Reserve indicated that interest rates might stay higher for longer, causing investor caution. Bitcoin and major altcoins like Ethereum, XRP, BNB, and Solana all dropped over 1%, with DeFi toke...
Plasma (XPL) fell 3.53% to around 164 Korean won after a recent surge, but maintained high trading volume of about 39.97 billion won ($29 million), indicating sustained market interest. Despite the price pullback, traders see this as a reset rather t...
Provenance Blockchain (HASH) surged 14.22% to $0.009959, leading the top gainers with a market cap of $540.71 million. The rise reflects increasing interest in blockchain applications for traditional finance sectors. Other notable gainers include Eth...
