Category: CryptoX News

Animoca Brands’ Flagship Project Moca Network to Launch L1 for Digital Identity

Moca Network, the identity ecosystem of Web3 investment giant Animoca Brands, is planning to introduce a layer-1 blockchain that will allow Web3 projects to identify and verify users without needing to rely on centralized platforms. Moca Chain will enable user data to be verified by applications across any blockchain, similar to the way single sign-in platforms such as Okta and Google Sign-In operate in the Web2 environment. The testnet is expected to start operating in the third quarter with the mainnet following by year-end, the Moca Foundation said in a…

Bitcoin Cash (BCH) Gains 6.0%, Leading Index Higher

CryptoX Indices presents its daily market update, highlighting the performance of leaders and laggards in the CryptoX 20 Index. The CryptoX 20 is currently trading at 2996.59, up 0.5% (+15.68) since 4 p.m. ET on Tuesday. Seven of 20 assets are trading higher. Leaders: BCH (+6.0%) and SOL (+1.8%). Laggards: APT (-2.7%) and AAVE (-1.6%). The CryptoX 20 is a broad-based index traded on multiple platforms in several regions globally. Source CryptoX Portal

XRP Ledger Release Brings These New Features and Upgradess

Shaurya is the Co-Leader of the CryptoX tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook…

Coinbase Reveals Role in US Secret Service Seizure of $225 Million in Stolen Crypto

Coinbase has revealed its involvement in a law enforcement operation where the U.S. Secret Service (USSS) seized $225 million in USDT linked to “pig butchering” scams. These scams, which often begin with fraudulent romantic or business relationships, have resulted in substantial financial losses for victims. In late 2023, Tether froze 39 wallet addresses associated with […] Source CryptoX Portal

Lightning Updates to Taproot Assets v0.6, Evolving Into a Multi-Asset Network Focusing on Stablecoins

Lightning Labs has announced the release of Taproot Assets v0.6, marking an advancement as the first multi-asset Lightning protocol on the Bitcoin mainnet. This update allows for the minting of assets, such as stablecoins, which can be sent instantly via the Lightning Network at low fees, enhancing the network’s functionality and security. Notably, Tether is […] Source CryptoX Portal

ProCap BTC files 8-K with U.S. SEC to go public via merger

Anthony Pompliano’s Bitcoin-focused firm, ProCap BTC, has filed an 8-K with the U.S. Securities and Exchange Commission to go public through a merger with Columbus Circle Capital Corp I, a blank-check company. A June 25 announcement, shared by Pompliano on X, outlines a business merger that would form ProCap Financial, Inc., a Nasdaq-listed entity. The move comes after a series of high-profile events for the company, demonstrating its intention to develop institutional infrastructure around Bitcoin (BTC).  We filed an 8-K today for the proposed business combination between ProCap BTC, LLC…

Dow Jones up 500 points on Iran-Israel ceasefire, Powell to wait with rate cuts

U.S. stocks are up as lowering tensions in the Middle East create more positive, risk-on sentiment. Major U.S. stock indices rose after the announced ceasefire between Israel and Iran. On Tuesday, June 24, Dow Jones was up 470 points or 1.1%, reclaiming its levels before the 12-day war started. At the same time, the S&P 500 was up 1.05%, and the tech-focused Nasdaq was up 1.43%. Dow Jones Industrial Average heatmap | Source: TipRanks Driving the markets were hopes that the conflict between Iran and Israel would cease for now.…

US Crypto Stocks Surge On Shaky Israel-Iran Ceasefire

US crypto stocks surged alongside the broader market on Tuesday after a shaky ceasefire between Iran and Israel brokered by US President Donald Trump largely held. Trump declared the ceasefire on social media on Monday, claiming it would “go on forever,” but both nations reportedly launched missile strikes shortly after the ceasefire went into effect, with Trump telling reporters on Tuesday that he thinks both countries violated the pact. “We basically have two countries that have been fighting so long and so hard that they don’t know what the fuck…