Category: CryptoX News

Producers Behind 99% of Bitcoin Mining Hardware Move to US

Bitmain, Canaan and MicroBT — who collectively produce nearly all of the world’s Bitcoin mining application-specific integrated circuits, or ASICs — are bringing production to the US, according to a Wednesday report by Reuters. The shift comes in response to hefty reciprocal tariffs imposed on China by US President Donald Trump. Tariffs currently stand at 25% on products imported from China after previously exceeding 100%. An April study by the University of Cambridge shows that Bitmain is responsible for 82% of Bitcoin (BTC) ASIC production, MicroBT for 15%, and Canaan…

Iranian Crypto Exchange Nobitex Hacked for Nearly $82 million by Suspected Israeli Group

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…

Kraken-Backed Ink Foundation to Issue INK Token, Starting With Aave-Powered Liquidity Protocol

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…

SHIB Long-Short Ratio Suggests Bearish Sentiment as Over $1.8M in Bullish Bets Liquidated

A key indicator is flashing red for shiba inu (SHIB) as the recent price drop to two-month lows has shaken out leveraged bullish bets. The indicator in consideration is the long-short ratio derived from the perpetual futures market. It measures the number of active longs or bullish bets relative to shorts, providing cues on market sentiment. The ratio has dropped to 0.9298, indicating bearish sentiment among traders, according to CryptoX’s AI insights. This follows the forced closure or liquidation of long positions worth over $1.8 million since June 12, according…

JPMorgan Brings Banking Onchain With Coinbase—JPMD Pilot Goes Live on Base

Wall Street’s digital revolution accelerates as JPMorgan launches JPMD on Base, merging commercial banking with public blockchains to unlock instant institutional liquidity. Wall Street Goes Onchain as JPMorgan Unleashes Game-Changing JPMD Token on Base JPMorgan Chase & Co. revealed on June 17 that it will launch a pilot for JPMD, a digital deposit token representing […] Source CryptoX Portal

ECB President Lagarde Aims to Seize Shifting Global Order to Strengthen Euro’s Global Position

In a recent blog post, Christine Lagarde, President of the European Central Bank, emphasized the need for Europe to strengthen three foundational pillars—geopolitical credibility, economic resilience, and legal and institutional integrity—to enhance the euro’s global prominence. Lagarde noted the shifting global order, characterized by rising protectionism and uncertainty, which poses risks to Europe’s economy and […] Source CryptoX Portal

Ripple and SEC Ask Court to Pause Appeals as They Fight to End XRP Case

Ripple and the SEC have requested to pause their appeals while awaiting a decision that could finalize their settlement and conclude the prolonged case regarding XRP sales. SEC and Ripple Align on Pausing Appeals Pending Court Decision on XRP Case The U.S. Securities and Exchange Commission (SEC) and Ripple Labs informed the U.S. Court of […] Source BitcoincryptoexchangeExchanges CryptoX Portal

SEC Reviews Franklin XRP ETF Proposal in Key Step Toward Potential Approval

The SEC’s review of the Franklin XRP ETF comes amid rising institutional confidence in XRP, underscoring its evolving market maturity and accelerating push for crypto-backed ETFs. SEC Reviewing Franklin XRP ETF Proposal as Confidence Grows in XRP Market Structure The U.S. Securities and Exchange Commission (SEC) announced on June 17 that it has initiated proceedings […] Source CryptoX Portal

Ethereum whale buys $127m in ETH during dip, sparking bullish sentiment

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Whale buys $127m in ETH during dip, boosting confidence as options expiry and global tensions shake markets. Ethereum (ETH) is hovering around $2,547 and sparking major interest after a whale scooped up 48,825 ETH for $127 million, at an average of $2,605. This large purchase came during a short dip in price, largely due to global tensions and option expiries, signaling solid long-term confidence. The same investor had already…

Coinbase Seeks SEC Approval to Offer Tokenized Stock Trading

Coinbase is seeking approval from the U.S. Securities and Exchange Commission (SEC) to launch tokenized stock trading, a move that could expand its business into the territory of traditional brokerage firms. The crypto exchange’s chief legal officer, Paul Grewal, told Reuters that Coinbase aims to offer digital versions of stocks — known as tokenized equities — which would trade on blockchain networks rather than through conventional exchanges. The model could allow round-the-clock trading, reduce transaction costs and eliminate clearing intermediaries. However, the road ahead depends on how the SEC responds.…