Day: July 21, 2025

StablecoinX to Go Public via SPAC Merger, Raising $360M for ENA Treasury

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StablecoinX, a new infrastructure company within the Ethena ecosystem, is going public through a merger with TLGY Acquisition Corp., securing $360 million to build a crypto corporate reserve anchored by the ENA token. After the merger, the combined company will be called StablecoinX Inc., and plans to list its Class A shares on the Nasdaq stock exchange under the ticker symbol โ€œUSDE.โ€ย ย The new company will provide infrastructure and staking services for the Ethena protocol, while the Ethena Foundation will retain majority voting power in StablecoinX following the merger. The deal…

The Great Bitcoin Stack: 64 Public Firms Now Hold Over $100B in Bitcoin

Earlier this week, Cryptox.trade News released a comprehensive report detailing the surge in ethereum ( ETH) held by public firms. Now, itโ€™s time to pivot back to bitcoinโ€”the asset that started the corporate treasury craze. Bitcoin Balance Sheets Go Big As of today, according to bitcoin treasury stats collected by Bitcoin Magazine Pro, 64 publicly [โ€ฆ] Source CryptoX Portal

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Bitcoin Correlation To Altcoins Is Collapsing: A Warning Sign?

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Data shows Altcoins are breaking away from Bitcoin’s lead. Here’s what that could mean for the market, based on historical trends. Altcoins Are Witnessing A Fast Drop In Correlation To Bitcoin In a new post on X, analytics firm Alphractal has discussed how the Correlation between Bitcoin and the altcoins has changed recently. The Correlation is an indicator that keeps track of how tied together the prices of any two assets are. The metric can take on both positive and negative values. In both cases, some relationship exists between the…

5 US Banks Move to Delay Ripple’s Banking Licence as XRP Price Nears All-Time Highs

Key Notes Five major banking institutions jointly petitioned regulators to pause Ripple’s trust bank charter application. XRP maintains strong bullish momentum above $3.50 despite coordinated opposition from traditional financial sector. Technical indicators suggest potential breakout toward $4.00 resistance level with sustained trading volumes exceeding $10 billion. XRP price rallied 3% to hit $3.70 on Monday, July 21, just shy of its all-time high of $3.84 recorded in January 2018, as fresh developments surfaced around Rippleโ€™s ongoing push to secure a US banking license. The latest price upswing came just hours…

To The Moon? Justin Sun To Be Launched Into Space After $28M Bid

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Blue Origin, the privately-owned space technology company launched by Amazon founder Jeff Bezos, said Tron founder Justin Sun will be joining the crew of its next mission, which is expected to launch in a matter of weeks. In a Monday notice, Blue Origin said Sun would join five others as part of the companyโ€™s 34th mission using its suborbital rocket system New Shepard, named after the first American in space, Alan Shepard. According to the company, Sun placed a bid for the first seat on the mission in 2021, contributing…

FTX Files for Delay as Creditors Fight Repayment Freeze on $470M Claims

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The estate of bankrupt cryptocurrency exchange FTX is seeking a delay in a Delaware court as it works to respond to over 90 objections challenging its proposed halt to repayments in certain โ€œforeign jurisdictions,โ€ according to a court document reviewed by Cointelegraph. The โ€œMotion for Leaveโ€ would give the FTX estate more time to present its case for halting repayments to creditors in so-called restricted jurisdictions. The document was filed on Sunday, with a hearing scheduled for Tuesday to address the original motion that triggered the legal dispute. โ€œGiven the…

Dogecoin Price Breaks Above $0.26 In Weekend Rally As Pundit Predicts 2,600% Surge

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The Dogecoin price is on a fresh bullish path after surging past $0.26 over the weekend, igniting a new wave of optimism across the cryptocurrency market. As the meme coin regains momentum, one analyst is calling for a massive 2,600% surge that could take Dogecoin to a $1 trillion market cap and $6 price target this cycle.ย  Analyst Sees Dogecoin Price Hitting $6.9 Soon Dogecoin has once again captured market attention with a powerful weekend rally that saw its price breaking above the $0.26 mark. This explosive movement came as…