Category: CryptoX News

Binance lists Zksync (ZK) with token giveaway amid airdrop controversy

Crypto exchange Binance announced the listing of Zksync (ZK) trading pairs and a token distribution program aimed to alleviate community concerns about the token airdrop. Starting at 10:00 (UTC) on Jun. 17, the ZK token will be available for spot trading on Binance in pairs against Bitcoin (BTC), Tether (USDT), First Digital USD (FDUSD), and the Turkish Lira (TRY). The exchange encouraged users to deposit ZK for trading, with withdrawals becoming available the following day. Additionally, Binance revealed plans for a token giveaway program, intending to allocate 10.5 million tokens…

Crypto liquidations rally 78% with ETH leading the charts

Cryptocurrency liquidations have seen a sudden increase over the past day. Ethereum (ETH) is still leading the charts. According to data provided by Coinglass, the total crypto liquidations surged by 78.8% in the past 24 hours, surpassing the $75 million mark. The increase in liquidations came while the total cryptocurrency open interest recorded a 0.35% decline in the same timeframe — currently hovering at $66 million. Crypto liquidations map – June 17 | Source: Coinglass Per a crypto.news report on Jun. 16, the number of crypto liquidations plunged by 80%…

Putin Criticizes U.S. Dollar’s Lack of Gold Backing, Calls for Alternative Payment Systems

Russian President Vladimir Putin criticized the United States for its abandonment of the gold standard, remarking in a Sputnik-released video that the U.S. dollar is now a trust-based currency without tangible backing, a decision underscored by the absence of gold equivalence. This critique arrives during efforts by BRICS countries to diminish reliance on the U.S. […] Source CryptoX Portal

Block Earner Co-Founder: Lack of Regulation Limits Australian Crypto Market to Token Sales Only

Regulation through enforcement often yields suboptimal outcomes for all stakeholders, including consumers, as it creates a negative stigma around industry companies,” asserted the co-founder of an Australian crypto startup. The co-founder expressed optimism that the Australian Securities and Investments Commission’s recent court setback would encourage Parliament to establish a regulatory framework for the Aussie crypto […] Source CryptoX Portal

Study: Crypto Market Participants Favor Meme Coins, Shun High-FDV Projects

Crypto market participants’ growing preference for character or celebrity meme tokens signals a growing disdain for projects with a high fully diluted value, the latest Kucoin report has said. Tap-to-earn projects have “remarkably higher overall participation data” due to their lower barriers to understanding and participation. Tokens with High FDV Face Limited Price Discovery Opportunities […] Source CryptoX Portal

Ripple Legal Chief Countered SEC Allegations: No Victims to Compensate

Ripple’s chief legal officer has countered the U.S. Securities and Exchange Commission (SEC)’s allegations following the crypto firm’s proposal to limit its penalty to no more than $10 million. The legal chief highlighted that the SEC is “raging” and emphasized that, unlike the Terraform Labs case, there are no victims to compensate in Ripple’s case. […] Source BitcoincryptoexchangeExchanges CryptoX Portal

SEC Chair Gary Gensler Envisions US Spot Ether ETFs Launching This Summer

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated to lawmakers that he expects spot ethereum exchange-traded funds (ETFs) to launch this summer. The SEC is still working with fund issuers on their S-1 filings, which must be declared effective before the spot ether ETFs can launch. Gary Gensler Answers Crypto Questions The […] Source BitcoincryptoexchangeExchanges CryptoX Portal

NFT sales drop 16% to less than $122 million: What Happened?

This week marked a significant downturn for the non-fungible token (NFT) market, which saw sales drop by almost 16% off the back of a 17% surge in the previous week.  Per CryptoSlam, total sales hit $121.7 million, with more than 519,000 buyers and sellers actively trading. Blockchain NFT sales breakdown Blockchains by NFT sales volume | Source: CryptoSlam The Ethereum (ETH) network led the charge with $39.28 million in sales, a notable 14.48% increase from the previous week.  This surge was accompanied by a marked increase in the number of…

Former House Speaker Paul Ryan: Stablecoins Can Help Fight an Upcoming US Debt Crisis and China’s Growing Influence

Paul Ryan, a former speaker of the House of Representatives, has assessed the possible role that stablecoins will play in fighting an upcoming U.S. debt crisis. According to Ryan, the demand derived from the increasing relevance of dollar-backed stablecoins, which use U.S. treasuries as backing, will help keep a healthy demand on U.S. debt and […] Source CryptoX Portal

Crypto Sector Secures $317M in Venture Capital Deals in Early June

With the first half of June concluded, there have been 37 venture capital deals and fundraising events in the crypto sector. Collectively, these investments totaled $317.87 million, with Avail, a modular blockchain project, leading the pack with $43 million. 37 Crypto Startups and Projects Gather $317 Million Crypto investments are ongoing, and in the last […] Source CryptoX Portal