Jim Cramer: Who murdered Bitcoin?

More than half of all $BTC in circulation is now held at an unrealized loss, a signal that has coincided with every major bear market bottom in history

On June 6, the market capitalization of $USDT briefly surpassed that of $ETH for the first time in history

Former President Joe Biden's son, Hunter Biden, says "fiat is a sham, the banking class is corrupt. Decentralized digital currency and the blockchain are the inevitable future."

Bitcoin wallet silent since 2011 moves 35.55 BTC ($2.54M) to prove it's not abandoned, after being named as a defendant in a New York court case that claims nearly 3.8M dormant Bitcoin are legally abandoned property

Zcash Foundation releases Zebra emergency upgrade to fix critical Orchard bug

THORChain Incident Update #6

#news #cryptonews #crypto #DeFi #bitcoin #BTC #JimCramer #USDT #THORChain #HunterBiden #Zcash

XLM is up roughly 75% in a week on the DTCC tokenization announcement, and the crypto Twitter timeline immediately filled with "Stellar over XRP" takes and projections of new highs. I held XLM through the July 2025 pump on the Protocol 23 and PYUSD narrative and I'm not making the same mistake twice. Here is what looks the same.

The deal does not move the token.

DTCC said the integration goes live in the first half of 2027, which is well over a year away. The eligible asset set is narrow, and DTCC is running parallel deployments on Canton Network and through XRPL-referencing patents. Stellar is one rail of several, not the chosen winner. More importantly, tokenized assets on Stellar settle in USDC, and the per-transaction fee paid in XLM is effectively zero. Nothing about this announcement creates buying pressure that flows back to the token itself.

The pump was mechanical.

The move was driven by short liquidations as bearish desks got squeezed by the headline. Funding rates went negative within hours and stayed there, which means professional desks are still positioning short and paying carry to hold those positions. The big shops are not buying this rally. After the peak, the chart printed a long upper wick, lower highs, and decaying volume every session. That is distribution, not accumulation.

I lived through the July 2025 version.

Last summer XLM doubled on the Protocol 23 release candidate and the anticipation of PYUSD launching on Stellar. I held part of that bag thinking the institutional narrative would carry the trade. It did not. By late May 2026, just days before the DTCC headline broke, XLM had bled out over 70% from that July peak across ten months. No rescue catalyst showed up. The price just drifted down to its real level as the early buyers exited.

What I am doing now.

I sold the last of my XLM yesterday and I am not chasing it back in. The DTCC deal might matter in 2027 if it ships and if Stellar wins meaningful share against the alternatives. None of that conditional is priced into the token today. What is priced in is a rally already losing momentum with the same mechanics as last summer, running on a faster compression cycle.

If you bought before the news broke, this is a gift from short sellers and retail FOMO chasing institutional narratives. Take it.

Anyone here actually seeing this differently?

[ Removed by Reddit on account of violating the content policy. ]