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Crypto

XRP runs alone as clash over U.S. Clarity Act intensifies

In the first week of June, the crypto market moved around three themes: XRP’s outperformance, bitcoin’s lack of direction and a power struggle over the U.S. Clarity Act. Spot bitcoin ETFs logged outflows for 10 straight sessions, pushing cumulative net outflows close to $3 billion, while XRP ETFs extended net inflows. JPMorgan publicly opposed the bill, citing a ban on paying interest to stablecoin holders, prompting pushback from Coinbase and support from Senator Cynthia Lummis.

Crypto

XRP inflows to Binance slump, May volume lowest in 2026

XRP inflows to Binance in May fell to the lowest monthly level so far in 2026, totaling 215 million tokens, The Crypto Basic reported. CryptoQuant analyst Arab Chain said falling exchange inflows often point to slowing selling activity as holders keep assets off exchanges. Daily inflows were mostly below 1 million, though May 29 saw an 80 million-token jump. XRP recently dipped to $1.26 and rebounded to $1.28, with traders watching $1.38 and $1.40.

Games & Commerce

Kakao union says Hong Min-taek CPO exit shows collapse of accountable management

Kakao’s union said on Monday it issued a statement criticising the sudden resignation of Chief Product Officer Hong Min-taek as a collapse of accountable management by the company’s leadership. The union said excessive working hours, a worsening organisational culture and disputes over performance-based rewards arose during his tenure amid aggressive projects including the “KakaoTalk Big Bang Project”. It said management offered no responsible explanation and called the resignation a “quiet exit” that avoided accountability.