Category: CryptoX News

MemeStrategy Buys Solana in Hong Kong First

Shares in tech investment firm MemeStrategy soared 28.5% after becoming the first publicly listed company in Hong Kong to invest in Solana, snapping up 2,440 coins and committing to support the broader Solana ecosystem. MemeStrategy said in a statement on Monday that it purchased 2,440 Solana (SOL) for around 2.9 million Hong Kong dollars ($368,820) through OSL Group, a crypto asset platform licensed by the Hong Kong Securities and Futures Commission. Source: Cryptox MemeStrategy commits to Solana long term The transaction, executed at an average SOL price of about $151.70,…

TRX Public Listing Might be Investors’ ‘Visa’ moment for Stablecoins

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Analysis As Asia begins its trading day, Tron DAO’s TRX token is trading flat, up 1%. Crypto traders don’t seem to be making much of a recent announcement that Tron—for all intents and purposes—is ‘going public’ on the NASDAQ via a reverse merger with SRM Entertainment,…

Bybit Debuts Hybrid Exchange Byreal on Solana, Targets Q3 Mainnet Launch

Bybit is betting big on hybrid finance with Byreal, its new Solana-powered decentralized exchange (DEX) merging Wall Street-grade liquidity with DeFi’s trustless trading—set to shake up crypto this summer. Bybit Incubates Solana DEX Byreal, Testnet Starts June 30 Ahead of Q3 Mainnet Cryptocurrency exchange Bybit has unveiled Byreal, its first Solana-based decentralized exchange (DEX), with […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Fairmint Send Proposal to SEC to Modernize Private Equity with Web3 Tech

Crypto-native companies are ramping up efforts to influence regulatory guidance on digital asset transactions. On Monday, transfer agent Fairmint proposed a framework to the United States Securities and Exchange Commission’s (SEC’s) Crypto Task Force targeting what it described as outdated and fragmented back-end infrastructure in private securities administration. Submitted to SEC Chairman Paul Atkins and Commissioner Hester Peirce, Fairmint’s seven-part proposal targets standardizing infrastructure for interoperability across transfer agents, introducing real-time regulatory observability through blockchain and enabling investor self-custody with compliance safeguards. It also calls for a shift to knowledge-based…

Home on the (BTC) Range

Hi. I’m Andy Baehr with the CryptoX Indices team. Question: Bitcoin is stuck in a range. Is that a bad thing or a good thing? Even casual BTC watchers will have noted the ten percent channel that has held for more than a month. As of today, in fact, it has been 40 days since we entered the ~$101K – ~$111K range, with no catalyst forcing a breakout through either boundary. Good or bad thing? The macro muddle supports range-trading. Our anchor bitcoin macro factor remains expectations for future real…

Bitcoin Takes Aim At New Highs Despite Bearish Factors

Key takeaways: Bitcoin (BTC) reclaimed $108,000 on Monday after retesting the $104,000 support level over the weekend. The gains came as conflict broke out in the Middle East and investors scaled back expectations for interest rate cuts in the United States, signaling stronger confidence in Bitcoin’s upside potential. Traders’ sentiment remained steady despite the worsening socio-economic outlook, as shown by Bitcoin derivatives metrics. Bitcoin 30-day futures annualized premium. Source: Laevitas.ch The Bitcoin futures premium reached 5% on Monday, the baseline for neutral markets. These monthly contracts typically trade at a…

Token Gains 7% as Purpose’s Spot ETF Set to Launch in Canada

Asset manager Purpose Investments is set to launch a spot XRP exchange-traded fund (ETF) in Canada this week after obtaining regulatory approval, giving investors a way to gain exposure to the fourth-largest cryptocurrency by market capitalization through traditional investment accounts. The ETF will start trading on the Toronto Stock Exchange on Wednesday, June 18, under the XRPP ticker, according to a Monday press release. The move comes after the Ontario Securities Commission (OSC) granted final prospectus receipt for the investment vehicle, the company said. XRP was up nearly 7% over…

Ethereum Holds Key Range Support – Bulls Set Sights on Higher Levels

Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum is holding strong despite a week filled with extreme volatility and heightened geopolitical tensions. Following escalations in the Middle East, with conflict between Israel and Iran fueling global market uncertainty, ETH managed to maintain its critical price range.…

Crypto Exchange WhiteBIT’s Token Jumps 30% Over Juventus Partnership

The price of cryptocurrency exchange WhiteBIT’s token, WhiteBIT Coin , climbed more than 30% in the last 24 hours after the exchange announced a high-profile partnership with Italian football club Juventus. Under a new three-year deal, WhiteBIT became the “official cryptocurrency exchange” and “official sleeve partner” of Juventus, according to a press release. Starting with the FIFA Club World Cup in 2025, the exchange’s logo will be featured on the right sleeve of the club’s Men’s First Team jersey. The exchange described the agreement as a strategic collaboration focused on…