Ethereum price started a recovery wave from the $3,230 zone. ETH climbed above $3,350, but it now faces strong resistance at $3,420. Ethereum started an upside correction from the $3,240 support zone. The price is trading below $3,420 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,410 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $3,420 and $3,450 resistance levels to continue higher. Ethereum Price Eyes Recovery Ethereum price extended losses and traded below…
Category: CryptoX News
ECB Publishes Digital Euro’s First Progress Report
The European Central Bank (ECB) has published its first progress report on the digital euro preparation phase, highlighting key design features and ongoing developments. The report emphasizes high privacy standards for both online and offline payments, aiming to provide users with a cash-like level of privacy. First Progress Report on the Digital Euro Preparation Phase […] Source CryptoX Portal
FTX customers to vote on bankruptcy repayment plan
A U.S. judge approved FTX’s plan to poll creditors on its Chapter 11 repayment. FTX users will soon have the opportunity to vote on the proposed multibillion-dollar plan to pay back individuals whose funds were trapped on FTX since its collapse. Judge John Dorsey of the District of Delaware is allowing FTX advisers to seek customer votes on their Chapter 11 plan. If approved, this plan will repay customers and address government penalties related to the collapse of Sam Bankman-Fried’s crypto business. Repayment Creditors have the power to influence restructurings…
Digital Euro Holding Limit: Debate Continues
The president of Germany’s central bank has highlighted the ongoing debate about the holding limit for the digital euro, Europe’s central bank digital currency (CBDC). He noted that recent Bundesbank research indicates that the optimal amount could be in the range of 1,500 to 2,500 digital euros per person. ‘The Jury Is Still Out Here’ […] Source CryptoX Portal
White House Rehires Adviser Who Helped Develop Biden’s Executive Order on Crypto
The White House has rehired Carole House, who helped develop President Joe Biden’s Executive Order on Ensuring Responsible Development of Digital Assets, as Special Advisor for Cybersecurity and Critical Infrastructure Policy at the National Security Council. Previously, House worked at the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN), leading efforts on cybersecurity and virtual currency […] Source CryptoX Portal
Argentina Records First Week of Zero Inflation in 30 Years; Milei Claims He’s Redefining Economic Theory
Argentina is reaping its first rewards in the fight against inflation, as a private consulting firm found that the inflation in food and beverages reached 0% during June’s third week. President Javier Milei celebrated this achievement, stating that his administration was rewriting economic theory and that he might receive the Nobel prize if successful. Javier […] Source CryptoX Portal
Tether Announces Shift to ‘Community Driven Support’ Regarding USDT in Eos and Algorand
Tether, the company that manages the issuance of USDT, the largest stablecoin of the crypto market, has announced a shift in its focus on providing support to blockchains based on community interest. The company announced it would stop minting USDT tokens in two blockchains, Eos and Algorand, starting June 24. Tether Announces Change to Community-Driven […] Source CryptoX Portal
Introducing FatBoy: Exciting Token Presale and Reward Opportunities Ahead
PRESS RELEASE. FatBoy, the project boosting the Talking Tom concept by offering real-world rewards, is excited to announce the upcoming presale of its token, $FATTY. Initially, the only way to buy the $FATTY token will be through the official website. The token will be available to the initial community at the lowest presale prices, aiming […] Source CryptoX Portal
BNB Chain Dedicates $900K Liquidity Pool to Support Meme Coin Ecosystem
BNB Chain has announced a new initiative called “Meme Heroes” to support the growth of meme coin projects. The company will allocate $900,000 for liquidity pool (LP) support, extending its commitment of $1 million to accelerate meme coin innovation on BNB Smart Chain (BSC). All revenue generated from these LPs will be reinvested back into […] Source CryptoX Portal
Pepe price on the rebound as traders identify bullish patterns
Pepe price rose for the second straight day as the crypto industry stabilized and as traders identified some bullish formations. The token rose to $0.000012, ~25% above its lowest point this month. This recovery has risen has pushed its market cap to almost $5 billion. Pepe’s price action coincided with the rebound of other meme coins. Popcat, a Solana meme coin, jumped by over 65% while Tooker Kurlson, Jeo Boden, and Mog Coin jumped by more than 30%. A likely reason for this rebound is that Bitcoin has struggled to…