Morpho (MORPHO) rose 10.3% over the past day at press time, alongside increased activity in its perpetuals market. Longs made up 54% of perpetual volume and the Long/Short ratio hit 1.27, while open interest jumped 11% in the past 24 hours and funding reached 0.0053%. Technically, price was approaching $2.23; a break could target $2.36, while a rejection may pull it back toward rising channel support.

Tom Lee's BitMine is sitting on about $7.3 billion in unrealized losses on its Ethereum treasury as ETH sentiment weakens and technical signals turn bearish. A breakdown could imply a move toward $1,600 (about 25% lower), which would lift BitMine's paper losses to nearly $10.1 billion based on 5.28 million ETH held and a $3,513 average cost.

EigenCloud (EIGEN) rose more than 20% in the past 24 hours as daily spot volume increased 27% to about $34 million. The move coincided with higher on-chain activity over the last three days and a 94% surge in Binance futures volume. Price is trading near neckline resistance around $0.23, with indicators showing strong momentum but overbought conditions.

Across May 18–22, US spot crypto ETFs diverged: Bitcoin and Ethereum funds logged net outflows of -$1.256B and -$216M, while XRP and Solana products recorded net inflows of +$22.03M and +$13.58M. BTC’s biggest daily pull was -$648.64M on May 18, and ETH’s daily outflow eased to -$6.67M by May 22. The same period showed XRP inflows rising from $750K to $9.47M and SOL peaking at $5.94M on May 22, with $0.00 net on May 20.

NEAR traded near $2.41 on Sunday, rising about 54% over seven days and 13% in the past 24 hours as short covering and fresh leveraged positioning helped drive momentum. Open interest climbed above $720 million and 24-hour volume exceeded $1 billion, while the market also focused on NEAR's AI positioning and its Intents-based chain abstraction narrative. The protocol's next major roadmap checkpoint is Dynamic Resharding, targeted for June 2026.

Spot XRP ETFs posted net inflows of just over $22 million over the prior business week, extending a run of three consecutive positive weeks. XRP did not break above $1.42, fell to under $1.30 yesterday, and later recovered to around $1.35 after dropping about 15% from the May 17 move to $1.55.

Hyperliquid's HYPE climbed 49% over the past week and reached a record $64.20 after gaining 15% in the last 24 hours. New U.S. spot HYPE ETFs launched on May 12 and May 14 and drew over $53 million in their first week, alongside reported on-chain and exchange-withdrawal signals of accumulation.

BitMine purchased an additional 60,000 ETH worth about $126 million while Ethereum traded near $2,000, taking its holdings to more than 5.2 million ETH valued at roughly $11.1 billion. The buy came as BitMine appeared on a preliminary list for the 2026 Russell 3000 reconstitution, with FTSE Russell's initial data dated May 22 and changes set to take effect at the end of June.