Crypto News Today: Sui Stablecoin Default, Ripple Unlock, and Ethereum Outflows

Overview:

• Ethereum spot ETFs witnessed $216 million in weekly outflows, with BlackRock’s ETHA leading withdrawals at nearly $189 million

• Ripple is set to unlock 1 billion XRP worth around $1.36 billion on June 1, renewing focus on XRP supply pressure

• Sui is testing private stablecoin transactions, allowing only the sender and receiver to access transaction details

Crypto markets witnessed major developments as Ethereum ETFs saw $216 million in weekly outflows, while BlackRock sold close to $1 billion worth of Bitcoin. Meanwhile, Sui rolled out private stablecoin transfers, Ripple is ready for XRP unlock, and HYPE-linked products kept pulling in fresh capital.

Sui Makes Stablecoin Transactions Private 

Founder Adeniyi Abiodun has announced Sui is testing a new feature that makes all stablecoin transactions private; the sender and recipient can only view key details. 

The need for privacy in crypto is once again taking center stage after years of regulatory crackdowns. 

Abiodun wants to bring the benefits of privacy to Sui, and he’s starting with stablecoins. In his announcement, he noted that blockchain’s main offering, transparency, is also its biggest challenge. 

While it curbs crime, it also exposes all financial data to everyone on the internet, hindering widespread adoption. If a bank exposed every transaction you have ever made since you opened the account every time you pay for your coffee, you would abandon it immediately, Abiodun says.

Ripple to Unlock 1 billion XRP

Ripple continues its monthly schedule by unlocking and relocking XRP, with 1 billion XRP scheduled to be released on June 1, 2026. 

At XRP’s current price of around $1.36, the upcoming unlock would be worth approximately $1.36 billion, putting renewed focus on Ripple’s escrow strategy as the asset struggles to regain momentum. 

XRP currently has a circulating supply of about 61.85 billion tokens out of a maximum supply of 100 billion XRP. 

However, while the figure is large enough to raise concerns among traders, the full 1 billion XRP unlock is unlikely to immediately enter the open market.

BlackRock Sells $1 Billion in BTC 

BlackRock witnessed its largest weekly outflow year-to-date after it recorded steady withdrawals for the past week. 

While BlackRock has maintained its dominance in the Bitcoin ETF market, it has suffered a major share of the total outflow seen last week, according to data by Arkham Intelligence. 

The data shows that BlackRock sold Bitcoin every single day last week, with the total amounting to $1.01 billion. This marks the biggest outflow BlackRock recorded since November 2025. 

Also Read: Bitcoin Price Today Near $77,000 as Crypto Market Faces Fresh Volatility

HYPE Funds Attract Millions

HYPE spot products issued by Bitwise and 21Shares attracted a total of $72.38 million, underscoring that capital is being redeployed rather than exiting the market. 

XRP and SOL ETFs registered inflows worth $22 million and $15.6 million, respectively. "The broader message: capital has not left crypto uniformly. It is rotating toward newer narratives and away from crowded large-cap exposure," Timothy Misir, head of research at BRN, said in an email.

The token jumped from $38 to $63 in the past 10 days, gaining 59% for the month, compared to Bitcoin’s 1% gain.

Decentralized platform Hyperliquid has generated $13.2 million in fees over the past seven days, the fifth-largest total.

Binance Wallet Launches Event Rush

According to the official announcement, Binance Wallet has launched a new feature called EventRush, which allows users to trade outcome tokens of real-world events such as sports events, cryptocurrency price targets, or news. 

This feature is powered by the 42.space protocol on BNBChain, allowing users to purchase event tokens with USDT on BSC and sell them at any time before the event ends. 

Winners can share the entire prize pool, with unlimited earnings. Each transaction is subject to a service fee, and a redemption tax is also payable upon sale. 

This feature is available to all verified Binance Wallet users, and may not be available in some restricted areas.

Ethereum ETFs See $216 Million Outflow Past Week

Ethereum spot ETFs saw a net outflow of $216 million last week, from May 18 to May 22. Data from SoSoValue indicates that the BlackRock ETF ETHA recorded the largest outflow of $189 million. 

Fidelity's ETF FETH followed with a weekly outflow of $21.01 million, with its historical net inflow reaching $2.18 billion. 

Conversely, the BlackRock ETF ETHB saw the highest net inflow of $5.52 million for the week. 

The total net asset value of Ethereum spot ETFs stands at $11.84 billion, with an ETF net asset ratio of 4.73% compared to Ethereum's total market capitalization. 

Also Read: Ethereum Options Open Interest Hits $7B: Bulls Dominate as Hedging Continues

FAQs:

1. Why are Ethereum ETFs seeing large outflows?

Ethereum ETFs witnessed profit-booking and weaker institutional sentiment last week. Investors pulled nearly $216 million as broader crypto market momentum slowed.

2. Will Ripple’s 1 billion XRP unlock impact prices?

The unlock may increase short-term market concerns around supply. However, Ripple usually relocks a large portion of XRP rather than selling all tokens immediately.

3. What is Sui’s new private stablecoin feature?

Sui is testing privacy-focused stablecoin transfers where transaction details remain visible only to involved users instead of the entire blockchain network.

4. Why is BlackRock selling Bitcoin significant?

BlackRock recorded over $1 billion in Bitcoin outflows, marking its biggest weekly BTC selloff since November 2025 and signaling weaker institutional demand.

5. Why are HYPE-linked crypto products attracting inflows?

HYPE products gained traction as investors rotated capital toward newer narratives and high-growth crypto sectors, while major assets like Bitcoin remained relatively flat.