Category: CryptoX News

Ripple-Backed Evernorth Tops 473M XRP, Redefining Institutional Crypto Power

Evernorth Holdings’ aggressive expansion to more than 473 million XRP cements a powerful wave of institutional conviction, signaling accelerating adoption, strategic accumulation, and a bold move to redefine regulated digital asset exposure through a publicly traded XRP treasury. Evernorth Expands XRP Holdings to Over 473 Million Amid Soaring Institutional Confidence Growing confidence in XRP’s long-term […] Source CryptoX Portal

XRP Threatens Wall Street’s Stronghold, CEO Warns

According to comments made at the Ripple Swell conference, Canary Capital CEO Steven McClurg said the XRP Ledger is lining up as a set of financial rails that could rival legacy systems on Wall Street. Related Reading He argued the ledger’s payment features make it a practical tool for moving money across borders. His remarks come as several big fund managers update filings for potential XRP exchange-traded funds, and as traders watch for approvals that may arrive as soon as mid-November. XRP Ledger Framed As Payment Rails McClurg drew on…

BCH Powers Its Way to $491.80 After Surging Past $487 Resistance

According to CoinDesk Research’s technical analysis data model, BCH rose 3.3% to $491.80 after clearing $487 on above-average European session volume, posting a $33.36 range and a brief pullback from a $495.30 high that buyers quickly faded. (Please note all timestamps are in UTC.) Technical analysis highlights Price moved from $476.10 to $491.80, up 3.3% Intraday range measured $33.36 Higher lows were set at $462.67, $474.27 and $479.03 Breakout above $487.00 occurred during the European session on sustained buying interest Price peaked at $495.30, then slipped $3.20 to $490.14 before…

Crypto X reacts to Mamdani victory

On Nov. 4, Democratic Party candidate Zohran Mamdani won the New York City mayoral election, beating ex-New York state governor Andrew Cuomo and GOP favorite Curtis Sliwa. Mamdani is not an outspoken opponent of cryptocurrencies. Neither is he a prominent ally. However, the crypto community flooded X with commentary on Mamdani’s victory, voicing support, rage, and indifference. Summary Mamdani is championing making New York an affordable city for working-class families. His platform includes freezing rents, setting free buses, and building affordable housing. Another staple of his campaign is increasing taxes…

ETH price drop to $3K sets stage for $7B short squeeze if crypto market recovery holds

ETH’s flash crash to $3,050 cleared out $1.3 billion in leveraged long positions, creating a market imbalance with $7 billion in short liquidity. Will a short squeeze send ETH above $4,000? Key takeaways: Ether dipped to $3,055, wiping out $1.3 billion in long liquidations across exchanges. Over $7 billion in short positions near $4,000 sets up potential for a sharp squeeze. Read more Source BitcoincryptoexchangeExchanges CryptoX Portal

Redefining the Custody Standard for Banking

Welcome to the institutional newsletter, Crypto Long & Short. This week: Sygnum Bank’s Pascal Eberle writes that investors are recognizing that custody is less about holding assets and more about proving you’re holding them correctly. CryptoX Indices’ Andy Baehr provides a “Vibe Check,” writing about how on the heels of NYC election day, among other political activity, the crypto market is awaiting a new leader to spark its next rally. In “Chart of the Week,” we examine the ETH price relative to average DeFi pool yields and BTC/ETH funding rates.…

Trump Says US Stock Market Will Hit ‘Many More Record Highs’

U.S. President Trump told Republican senators that the United States is experiencing “the hottest economy we’ve ever had” and predicted that the stock market will continue breaking records despite a temporary dip tied to the government shutdown. President Trump Cites Construction Surge as Proof of Economic Expansion Speaking during a breakfast meeting with Republican senators, […] Source CryptoX Portal

Injective Unveils No-Code Platform for Web3 Builders

Injective, the blockchain project focused on decentralized finance (DeFi), has unveiled a no-code platform designed to let anyone build and deploy Web3 applications without writing a single line of code. New Platform Lets Users Create Web3 Apps Without Coding According to the announcement shared with Cryptox.trade News, the new platform dubbed iBuild operates on Injective’s […] Source CryptoX Portal

Altcoins Struggle as BTC Price Tests Key $100K Support

The crypto market is weary after relentless waves of sell pressure on Tuesday. Several assets have now settled as they begin to establish levels of support, although if the U.S. dollar continues to show strength it could signal a period of prolonged downside. Bitcoin BTC$102,019.12 rose about 1% since midnight UTC after two days of declines that saw it drop to the lowest price since June at one point. Ether ETH$3,338.16, which slid as much as than 20% over the 48 hours — the steepest drop in three months —…

BTC, ETH Prices Under Pressure as Altcoins Reel, Futures Flash Caution: Crypto Daybook Americas

By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$102,245.57 briefly slipped below $100,000 for the first time since June as a wave of liquidations and shifting macro expectations triggered a broad crypto sell-off. The leading cryptocurrency is now down more than 20% from the all-time high above $126,000 it set in early October. The broader crypto market, as measured via the CoinDesk 20 (CD20) index, fell 2.6% in the last 24 hours and more than 27% in the past 30 days. The sell-off intensified in the past 24…