Morrow Report

Daily news on crypto stocks: treasury companies, miners, Coinbase, Robinhood and beyond. Not investment advice.

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Keeping Ethereum's core devs paid costs $30M a year.

That's 0.17% of the money parked in ETH ETFs on top of their code.

The institutions earning fees on it contribute nothing.

https://t.co/UNrHET7Z2a

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The incumbent's tokenized share offers 48 more trading hours a week than Robinhood's stock tokens, and hands over the vote they withhold.

https://t.co/ocJIOs5ZuK

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Ondo's corporate actions page names five event types and explains one. Stock splits are among the four it defers. Ondo is 41.5% of the tokenized stock market.

https://t.co/kJgxL6Dpqk

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OKX opened 40+ tokenized US stocks on July 16 and called it global 24/7 trading.

Its own FAQ hands the calendar to Ondo.

The published sessions add up to 118h 40m a week, 70.6% of 168.

https://t.co/zr5egrnam5

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@gisdumb @RudraExchange Exactly the misconception. Tokenized assets on Stellar exist as native records, settlement legs run through USDC or fiat stablecoins. $XLM is just gas. Retail confuses this as monetary demand for the host token. Same misread on tokenized treasuries across chains.

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@GreenSheet2020 Stellar has proven real use cases since 2018 (MoneyGram, Circle USDC, regulated corridors). $XLM still bled 80% from ATH. Proven utility doesn't fix value-capture. With settlement in stablecoins and SDF diluting, the network can win and the token still bleeds.

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@CryptoVikng @StellarOrg @strongholdpay Pitching $SHx as 'smart money's play' on the $XLM DTCC narrative is how the PR machine creates secondary exit liquidity. The XLM rally was short squeeze and DTCC headlines, smart money distributed spot. SHx extends that distribution into smaller caps.

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@CryptoVikng More assets, transactions, liquidity on Stellar doesn't translate to $XLM demand because settlement runs in USDC. Fees are 0.00001 XLM, no burn, SDF dilutes through grants. Network growth can be massive and the token still bleeds. The link is structurally missing.

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@TheMoonHailey The 'GO time' framing for $XLM is the marketing call at the distribution top. The rally was short squeeze and DTCC headlines, smart money distributed spot. Multi-year triangle close means little without value capture. Same setup fell 61% in July 2025.

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@WazirXIndia Exchange 'top gainers' boards during a PR pump are retail-recruitment infrastructure. The $XLM bid was short squeeze and DTCC headlines, smart money distributed spot. Settlement is USDC so token captures no value. Same setup fell 61% in July 2025.

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@DropXRPL no

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@Wilber54X @_Crypto_Barbie Regulatory clarity doesn't fix the value-capture problem on $XRP. ODL volume passes through the token without creating sustained demand, and Ripple's escrow keeps releasing supply. $XRP and $XLM both hit ATHs on speculation. Holding ATH requires structural demand.

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@thecryptobasic A $2.2 'price glitch' on Upbit is meaningless data being framed as a $XLM target by the PR cycle. The actual rally was short squeeze and DTCC headlines, smart money distributed spot, SDF dilutes. Same setup fell 61% in July 2025. The drop comes next.

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@Wilber54X @_Crypto_Barbie $XLM's DTCC 'price action' is a PR-driven distribution event without real repricing. Smart money sold spot into retail FOMO, SDF dilutes, settlement is USDC so token captures no value. Same setup fell 61% in July 2025. XRP avoiding this pump is fortunate.

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@N4tious @SMQKEDQG @NCashOfficial Agreed on no real price action until 2027-2028. The 3-year wait is the $XLM trap. SDF dilutes through grants, settlement is USDC so token captures no value, PR cycles like DTCC pull retail in at elevated prices. Buyers at $0.26 may not see breakeven for years.

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@drakeramoreFX Pullback to breakout zone is the conservative read for $XLM. The rally was short squeeze and retail FOMO from DTCC headlines, smart money distributed spot, SDF dilutes. With no fresh catalyst until 2027 go-live, mean reversion to preannounce is structurally likely.

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@thakwang83b The $XLM chart is unnatural for a specific reason. The rally was engineered through DTCC headlines and short liquidations to extract retail funds, smart money distributed spot into the bid, SDF dilutes through grants. July 2025 ran this same playbook and fell 61%.

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@Soon_ToTheMoon @SolanaHub_ Buzz is the product of the $XLM cycle by design. DTCC headlines amplified through threads and bull cases recruit retail to elevated prices before SDF and smart money finish distribution. Buzz peaks at the distribution top. July 2025 ran this script and fell 61%.