Amazon has expanded its trucking service to businesses beyond its own logistics network.

The move sent shares of several major freight carriers lower on Wednesday. The company will now offer less-than-truckload shipping to businesses across the United States.

Amazon opens LTL service to more businesses

Amazon said it will offer less-than-truckload shipping to all businesses through Amazon Supply Chain Services. The service previously supported companies shipping goods into Amazon warehouses and fulfillment centers.

Less-than-truckload shipping lets carriers move freight from several customers on one trailer. The model differs from full truckload shipping, where one customer fills the trailer. Amazon said the service can deliver freight to any destination in the United States. The company is using its logistics network to reach more business customers.

Jim Ruiz, director of Amazon Freight, said sellers wanted wider access to the service. “The feedback from Amazon selling partners using our LTL service was clear,” Ruiz said. He said customers valued the service’s technology, visibility, and reliability. “Now Amazon LTL can move your freight wherever it needs to go,” Ruiz added.

Freight carrier shares fall after announcement

Freight stocks declined after Amazon announced the expanded trucking service. Old Dominion Freight Line fell 5% after the news. ArcBest shares dropped 4%, while Saia slid 3%. XPO Logistics also fell 5% during the market reaction.

FedEx Freight shares fell about 7% on Wednesday. The company started trading earlier this month after its spinout from FedEx. The share declines came as Amazon moved deeper into a market served by long-standing carriers. The company’s freight offer now targets businesses of different sizes.

Amazon has spent years building a large logistics network for its own retail operations. It now uses more of that network to serve outside companies. The company reduced its reliance on external carriers as it pushed faster delivery speeds. That strategy gave Amazon more control over shipping times and costs.

The logistics network becomes an outside service

Amazon’s logistics system now includes cargo planes, delivery vans, trailers, and containers. The company has 80,000 trailers and 24,000 containers in its freight operation. Its network also includes tens of thousands of delivery vans. Amazon-branded cargo planes support longer-distance movement across its supply chain.

The company has started opening more in-house logistics tools to outside businesses. That approach adds competition for carriers that already serve business shippers. Last month, Amazon introduced an end-to-end supply chain service. The package combines several of its freight and logistics services into one offering.

That announcement pushed shares of UPS and FedEx lower at the time. Wednesday’s LTL expansion added another freight service to Amazon’s outside-business program. Amazon said the LTL service will support destinations nationwide. The company’s latest move extends Amazon Supply Chain Services beyond warehouse-bound shipments.

Bitwise Chief Investment Officer Matt Hougan said financial advisors are still interested in crypto, but their focus is moving beyond Bitcoin. 

His view came after eight sales calls with teams representing more than 40 advisors in one day.

Hougan wrote in a June 10 memo that advisors asked more about stablecoins and tokenization than Bitcoin. The shift suggests that professional investors are paying closer attention to crypto uses in payments, markets and real-world assets.

Advisors remain active despite the market pullback

Hougan said the main message from the meetings was that advisors have not left crypto during the bear market. He said new crypto cycles have often needed both new products and new investor groups.

“The fact that they remain interested despite the pullback is good news,” Hougan wrote. He said financial advisors and institutions could become the next investor class to support wider crypto adoption.

Bitwise has tracked this interest for months. Its 2026 Bitwise/VettaFi survey found that 56% of advisors owned crypto personally, while 42% could buy crypto in client accounts. Hougan added that advisors manage more than $175 trillion, making their access and product choices important for future crypto flows.

Stablecoins and tokenization lead the discussion

Hougan said Bitcoin has often led crypto recoveries because it is the largest and most established asset. He also said prices around $60,000 looked attractive for long-term investors.

Still, he said advisors showed more curiosity about practical crypto use. “Their eyes are on stablecoins and tokenization more than bitcoin,” Hougan wrote in the memo.

He linked the shift to weaker interest in the fiat debasement trade and stronger public discussion around on-chain finance. Hougan cited comments from SEC Chair Paul Atkins, Goldman Sachs CEO David Solomon and BlackRock CEO Larry Fink on stablecoins and tokenization. The memo did not say advisors have abandoned Bitcoin. It described a change in conversation.

Broader adoption themes

As previously reported by crypto.news, stablecoins have become a larger part of digital payments. Fiat-backed stablecoin supply crossed $319 billion in April 2026, while adjusted transaction volume reached $10.9 trillion in 2025.

Separately, as crypto.news reported, tokenized real-world assets crossed $29 billion by April 2026. Tokenized U.S. Treasuries grew from $380 million in 2023 to $13.4 billion by April 2026.

Hougan said future advisor inflows may first target assets tied to stablecoins and tokenization. He named Ethereum, Solana, Canton, Chainlink and Avalanche as assets raised during the meetings.

He also pointed to Hyperliquid and companies such as Figure, Circle and Coinbase. According to Hougan, advisors now have a broader view of crypto than they had two years ago.

Delaware and New Jersey have advanced bills that would ban crypto ATMs as lawmakers respond to rising scam complaints tied to the machines. 

The moves place both states closer to Indiana, Tennessee and Minnesota, which have already passed total bans.

The push follows new FBI data on crypto kiosks. The agency reported 13,460 complaints in 2025 and more than $388.9m in losses, with people over 50 accounting for more than half of complaints.

Delaware bill would remove crypto ATMs

The Delaware House Economic Committee advanced House Bill 441 on June 9. The bill would ban the ownership, installation and operation of cryptocurrency kiosks across the state.

The proposal would require existing machines to go offline and be physically removed within 90 days after the law takes effect. It also blocks retail point-of-sale or cashier-assisted crypto sales that copy a kiosk.

Representative Cyndie Romer, who sponsored the measure, said crypto ATMs carry high costs and expose residents to fraud. “These kiosks reduce digital currency to a predatory cash grab,” Romer said.

The bill treats violations as unlawful trade practices. Operators could face penalties of up to $10,000, while illegal fees may need to be refunded to users or paid into Delaware’s Consumer Protection Fund.

New Jersey sends ban bill to full Senate

New Jersey’s Senate Commerce Committee advanced Senate Bill 2141 on June 8. The measure would ban businesses from owning, controlling, installing, managing, selling or offering crypto ATMs in the state.

The bill defines crypto ATMs as internet-connected kiosks that let users buy, sell, send or receive digital assets through cash, debit cards or credit cards. Lawmakers linked the proposal to scams involving fake government officials, tech support schemes and bank impersonation.

New Jersey’s measure carries a penalty of up to $10,000 for a first offense. Later violations could bring penalties of up to $20,000, along with other consumer fraud remedies.

The bill would take effect on the first day of the sixth month after enactment. It now awaits action in the full Senate after clearing committee without opposition.

Crypto ATM pressure grows across markets

The bills add to broader pressure on crypto ATM operators in the United States and abroad. Indiana signed the first statewide total ban in March, followed by Tennessee in April and Minnesota in May.

As previously reported by crypto.news, Canada has also moved toward a nationwide crypto ATM ban over fraud concerns. Separate reporting noted that Bitcoin Depot filed for Chapter 11 bankruptcy after facing regulatory pressure, falling revenue and security issues.

Crypto ATM operators have argued that they should not be blamed for crimes carried out by outside scammers. Some operators have added on-screen warnings, identity checks and transaction limits.

Lawmakers in Delaware and New Jersey have taken a different path. Their bills seek to remove the machines rather than regulate them, making crypto ATM bans a growing consumer protection response in 2026.

XRP managed to hold the $1.10 area, which matters after last week’s sharp breakdown, but the recovery still looks tentative. Institutional money continues flowing into XRP-linked products and futures activity has picked up sharply, yet price remains pinned near multi-month lows while bitcoin and the broader market recover more aggressively.

News Background

• XRP-linked investment products attracted another $6.75 million in inflows, lifting cumulative ETF inflows to roughly $1.44 billion.

• The XRP Ledger’s version 3.2.0 upgrade is scheduled for June 15 and is expected to reduce server memory requirements by around 40% while rebranding the core software from “rippled” to “xrpld.”

• Futures activity surged to roughly $5 billion during the session, even as open interest remained near cycle lows, suggesting traders are actively repositioning rather than building long-term conviction.

Price Action Summary

• XRP gained about 1% during the 24-hour session, climbing to $1.1141 after recovering from lows near $1.11.

• The strongest move came late in the session when heavy volume pushed price through resistance around $1.1114 and briefly lifted XRP above $1.12.

• Earlier attempts to rally were rejected near $1.1352, leaving that level as the clearest near-term resistance zone.

Technical Analysis

• The most important takeaway is that XRP remains weak relative to the broader market. While the token posted a small gain, it underperformed major crypto benchmarks by nearly two percentage points.

• The late-session breakout above $1.11 was constructive, but it happened within a much larger downtrend that remains intact.

• Futures markets are sending mixed signals. Rising volume points to renewed trader interest, while subdued open interest suggests many participants are still reducing risk rather than aggressively adding exposure.

• XRP remains below its 50-day, 100-day and 200-day moving averages, meaning the broader technical structure continues to favor sellers despite signs of stabilization.

What traders should watch

• $1.10 remains the key support level. Holding above it keeps the recent stabilization attempt intact.

• $1.12-$1.13 is the first resistance zone, followed by $1.1352 where the latest rally stalled.

• A move above $1.26 would begin repairing the chart meaningfully and shift focus back toward the $1.30-$1.40 region.

• If XRP loses $1.05-$1.10 support, traders are likely to start discussing a move toward the psychologically important $1.00 level again.

Bitcoin is trading near a level it has usually reached only late in bear markets, and it has held there even after the hottest U.S. inflation print in three years.

Checkonchain data show BTC fell toward close to its 200-week average, a rough four-year trend line watched by long-term holders. The model puts bitcoin in the bottom 10% of its historical valuation range, a zone that has appeared only during the deepest parts of past bear markets.

The mood in the market is just as washed out. The Crypto Fear and Greed Index – a measure of sentiment calculated using volatility, social media posts, and market volumes – sits at 9, deep in extreme fear, down from 11 last week and 48 a month ago.

Those readings usually show up when price-sensitive sellers have already done most of their selling. Checkonchain still warns that bottoms are a process where capitulation comes first followed by months of sideways trading that grind down the holders who stayed.

Bitcoin briefly broke below $60,000 this week for the first time since 2024 and changed hands at $62,623 on Thursday, up 1.9% on the day but lower over the week, with a record run of ETF outflows still pulling money out.

The bounce was broad but shallow. Ether rose 1.4% to $1,651, BNB added 1.3% to $595, solana gained 0.9% to $65 and dogecoin 1.1% to $0.085. XRP was the laggard, down 0.3% at $1.12. All of them remain lower over the past seven days, led by ether at 6.5% and XRP at 7.5%. Thursday’s gains dent the weekly slide rather than reverse it.

Inflation is not helping the case for a quick recovery. US consumer prices rose 0.5% in May from April and 4.2% from a year earlier, the fastest annual pace since early 2023, as the Iran war pushed up energy costs, according to Bureau of Labor Statistics data released Wednesday.

The core measure, which strips out food and energy, rose 0.2%, less than economists expected, the one soft spot in an otherwise hot report.

“Hopes for US regulatory clarity have faded again, with Polymarket odds of the Clarity Act passing in 2026 dropping from 62% to 48% this week,” Yves Renno, head of Trading at global crypto payments platform Wirex, told CoinDesk.

“All eyes now turn to the FOMC on June 16th–17th, and Warsh’s tone will be decisive in determining whether Bitcoin bounces toward $68–72K or breaks below $60K entirely.”

Meanwhile, the pressure runs well beyond crypto. Global equities fell to a more than one-month low this week as a technology-led selloff deepened and US forces struck multiple targets in Iran, collapsing the ceasefire that had held since April.

MSCI’s All Country World Index, the broadest measure of global stocks, slipped to its lowest since May 5, and its Asia Pacific gauge fell 0.8% to a three-week low. Brent crude rose 1.8% to about $95 a barrel. The European Central Bank is expected to raise rates later Thursday for the first time since September 2023, with bond traders pricing in higher borrowing costs worldwide.