Tech billionaire Elon Musk, the boss of X (formerly Twitter), Tesla, and SpaceX, announced on Sunday the launch of a brand-new messaging app called XChat. Neither the BTC market nor the tech community is impressed. One of the key features of the new offering is that it’s built on a programming language called Rust with Bitcoin-style encryption. While it sounds exciting, the crypto community is not particularly psyched, raising doubts about what exactly it means. “Bitcoin primarily uses signatures, not encryption. This is like saying, we decided to run our…
Day: June 2, 2025
Solana (SOL) Continues to Fall — Is a Reversal in Sight?
Solana started a fresh decline from the $172 zone. SOL price is now moving lower and might decline further below the $155 level. SOL price started a fresh decline from the $172 resistance zone against the US Dollar. The price is now trading below $162 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $160 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $160 resistance zone. Solana…
South Korea crypto industry to win no matter snap election outcome
South Korea’s crypto scene will gain either way in the country’s presidential elections, as both candidates have run on pro-crypto platforms, pledged to ease regulations and expand crypto access. South Koreans will head to the polls on June 3 to elect a new president in a snap election to replace Yoon Suk-yeol, who was impeached and removed from office over his attempt to declare martial law in December. Currently leading the polls is Lee Jae-myung of the center-left Democratic Party, who is up against staunch conservative and People Power Party…
Asia Accelerates De-Dollarization in ASEAN Currency Overhaul Plan
Southeast Asian nations are advancing plans to reduce reliance on the U.S. dollar through an ASEAN initiative aimed at strengthening the use of local currencies and altering global financial dynamics. ASEAN Launches Strategic Push for De-Dollarization and Financial Sovereignty Efforts to reduce reliance on the U.S. dollar have gained momentum across Asia and other regions […] Source CryptoX Portal
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XRP Price at Risk of More Losses — Can Key Support Hold?
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
Meta to make AI mixed-reality headsets for US military
The US military could soon get artificial intelligence-powered virtual (VR) and augmented reality (AR) gear made by Meta, after the social media giant joined forces with defence contractor Anduril to develop the devices. The headsets will use Anduril’s AI-powered command and control system, the Lattice platform, to integrate data from thousands of sources and provide real-time battlefield intelligence, Anduril said on May 29. It added that the headset will give soldiers “enhanced perception” and “intuitive control of autonomous platforms” while on missions. “This integration will transform how warfighters see, sense,…
Bitcoin Reserve Chaos: Pakistan’s Big Reveal Crushed by Own Government
Pakistan rocked global crypto circles with bold plans for a national Bitcoin reserve—only to spiral into confusion as top officials fiercely denied any policy shift. Bitcoin Reserve or Political Mirage? Pakistan’s Leaders Clash on Crypto Future Pakistan stunned the global crypto community with a bullish announcement about creating a state-backed Strategic Bitcoin Reserve, only for […] Original
Ethereum Price Stabilizes After Drop — Can Bulls Regain Control?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum price started a fresh decline from the $2,620 resistance zone. ETH is now trading below $2,580 and might continue to move down. Ethereum started a downside correction below…
Wintermute’s ‘CrimeEnjoyor’ to flag Ethereum’s wallet-draining contracts
Ethereum users will be warned of a new attack capable of draining their wallets, as crypto market maker Wintermute says it has created code that injects a warning into verified malicious contracts. Wintermute’s code, dubbed “CrimeEnjoyor,” prints a warning within malicious Ethereum contracts that are “designed to auto-sweep funds” from wallets with leaked private keys, it said in a May 30 X post. The warning reads that the malicious contract “is used by bad guys to automatically sweep all incoming ETH” and prominently warns to “NOT SEND ANY ETH.” Wintermute’s…