Category: CryptoX News

Hong Kong Family Office VMS to Allocate Up to $10M to First Crypto Play: Bloomberg

VMS Group, a Hong Kong family office with just under $4 billion in assets under management (AUM), is venturing into crypto for the first time, Bloomberg reported on Monday. The firm has earmarked up to $10 million to investment strategies run by decentralized finance (DeFi) hedge fund Re7 Capital, partner Elton Cheung told the news organization. VMS is looking to diversify into more liquid investments, Cheung said. Its investment strategy has largely been focused on private equity during its two-decade existence. Private equity has become less liquid because investees are…

We Are About to Enter the Golden Age of Crypto

Regulation breeds stability, and stability fuels capital flows. With the GENIUS Act passing the Senate last week, Washington has sent its strongest signal yet: crypto is now an American priority. Crypto Has Clarity Now On Tuesday evening last week, the United States Senate passed the GENIUS Act – a historic and resounding affirmation that crypto […] Source CryptoX Portal

Israeli man arrested for acting as an Iranian spy in exchange for cryptocurrency

A 27-year old Tel Aviv resident was recently arrested by police for allegedly spying on Israeli public officials for Iran. He was reportedly paid thousands of dollars in cryptocurrency for his efforts. According to a recent news reports by i24 and Arutz Sheva, Israeli authorities claimed that the suspect, a man named Or Beilin, was paid thousands of dollars in crypto to conduct espionage on Israeli public officials and political activities. Following his handler’s instructions, the Israeli man was assigned to spy on public officials by taking photographs of their…

Ark Invest Offloads $110M Worth of Circle Shares, Buys Robinhood and Coinbase

Ark Invest is continuing to take profit from its bet on Circle’s meteoric run as a listed firm. It also bought 4,198 shares of Coinbase, worth $1.3 million and 319,640 shares of Robinhood, worth $24.4 million. The Cathie Wood-led investment firm sold 415,855 shares of Circle across its various ETFS, valued at $109.6 million based on the stablecoin operator’s last close of $263.45 on Monday. Last week, the investment company sold 609,175 shares of Circle. It had earlier sold Circle shares in two more tranches. Circle, which operates the second…

Russians’ Crypto Holdings Top $25.4 Billion Amid Surging Institutional Investment

Russia’s crypto market is accelerating fast as institutional investors pour trillions of rubles into digital assets and rapidly expand industrial mining, capitalizing on abundant energy to strengthen global positioning. Digital Asset Boom Strengthens as Russians Top 2 Trillion Rubles in Crypto Holdings A bullish surge in Russia’s cryptocurrency sector is intensifying as domestic investors aggressively […] Source CryptoX Portal

Darknet Marketplaces Uptick After Huione Shutdown

The shuttering of major crypto darknet marketplace Huione Guarantee has seen its users flock to at least 30 successors, with one marketplace doubling its user base since May.  Huione Guarantee shut down in May after Telegram banned thousands of its associated accounts and channels.  Elliptic said in a report on Monday that in the aftermath of the shutdown, several Telegram marketplaces saw user numbers increase, but Tudou Guarantee was the “primary winner,” capturing much of Huione’s former transaction volume. Tudou Guarantee has emerged as the clear beneficiary to the closing…

Kraken to List Tokenized Stock of DFDV on Solana

DeFi Development Corp. (DFDV), the Nasdaq-listed firm with a crypto treasury strategy focused on Solana , is bringing its equity onto blockchain rails on crypto exchange Kraken. The company’s shares will be tokenized under the ticker DFDVx on the Solana network, joining a select group of tokenized versions of major stocks like Apple and Tesla on the xStocks platform, the tokenized stock trading venue of tokenization specialist Backed and Kraken, a Monday press release said. The listing comes as interest in tokenization of real-world asset (RWA) such as equities, funds…

SHX price gains 12% as Stronghold tightens focus on payments and green tech

Bitcoin’s slow grind after the Iran strike couldn’t compete with SHX’s double-digit surge, highlighting increased interest in tokens associated with real-world applications and lower energy footprints. According to CoinMarketCap data, the Stronghold (SHX) token jumped 12% on June 2, sharply outperforming majors like Bitcoin (BTC) and Ether (ETH), which posted modest gains of 3.86% and 5.5% respectively. SHX climbed from a daily low of $0.01125 to as high as $0.01280 at the time of writing, extending a 40% monthly gain that has placed it among the stronger-performing tokens in Q2,…

Aptos’ APT Gains 6% With High-Volume Buying Amidst Wider Crypto Market Bounce

CryptoX Analytics is CryptoX’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets. All content produced by CryptoX Analytics is undergoes human editing by CryptoX’s editorial team before publication. The tool synthesizes market data and information from CryptoX Data and other sources to create timely market reports, with all external sources clearly attributed within each article. CryptoX Analytics operates under CryptoX’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about…