Fidelity Investments is officially seeking the green light to launch an exchange-traded fund (ETF) that would hold solana ( SOL) directly. S-1 in Play: Fidelity Takes Aim at Solana With ETF Proposal On June 13, 2025, the firm submitted its S-1 registration statement to the U.S. Securities and Exchange Commission (SEC). The proposed “Fidelity Solana […] Source BitcoincryptoexchangeExchanges CryptoX Portal
U.S. stocks fell sharply Friday as escalating military conflict between Israel and Iran sent oil prices soaring and investors retreating from risk assets. The Dow Jones Industrial Average closed down 1.79%, while the S&P 500 closed down 1.13% and the Nasdaq lost 1.30%. Israel launched strikes on Iran’s nuclear and missile facilities late Thursday evening, prompting retaliatory missile launches from Iran during the final hours of Friday’s U.S. trading session. Oil and defense stocks climbed. Brent crude jumped more than 7%, briefly surging 14% during Asia trading hours, while WTI…
Cardano co-founder Charles Hoskinson has floated the idea of converting $100 million worth of ADA tokens into bitcoin and stablecoins. “We could take $100 million of ADA in the treasury, convert it to a blend of stablecoins incumbent in Cardano so USDM and USDA and convert some of it in bitcoin to prime bitcoin DeFi,” Hoskinson said on a YouTube live stream. He then hit back at critics that claimed a $100 million sale would impact the price of ADA, calling them “inexperienced” before adding that the sale “would not…
Key takeaways: Bitcoin returns after major downside catalysts have exceeded 64.6% since 2010, suggesting that the recent escalation of tensions in the Middle East could be a BTC purchasing opportunity. Despite trading near all-time highs, Bitcoin’s Puell Multiple remains in the discount zone, indicating institutional accumulation and undervalued market conditions. Bitcoin (BTC) price fell to $102,650 on Binance on Friday, following Israel’s airstrikes on Iran. As the tensions culminated, oil prices rose by 5%, and historical data suggests the BTC dip could be a buying opportunity. Amid rising global tensions,…
Solana’s SOL dropped 7.87% to $147.07 over the past 24 hours, as traders reacted to renewed volatility across crypto markets. After opening at $159.60, SOL fell sharply during late Thursday and early Friday trading, reaching a low of $142.13 before stabilizing above the $147 mark. Key intraday volume spikes suggest some accumulation near support, but the overall structure remains fragile as the token trades nearly 40% below its March highs. The short-term weakness puts added focus on a late-May price target from Standard Chartered’s Global Research team. In a May…
As enthusiasm for stablecoins keeps gaining traction among big corporations, sources say retail titan Walmart and e-commerce powerhouse Amazon are actively exploring the possibility of launching their own digital dollar-pegged tokens. Wall Street Journal Sources Say Amazon, Walmart May Step Into Stablecoin Market As of press time, the combined value of all circulating stablecoins has […] Source CryptoX Portal
Brazilian fintech firm Meliuz (CASH3) plans to raise R180.08 million ($32.4 million) through an equity offering, according to a filing. The funding is earmarked specifically for the purchase of bitcoin, aligning with the company’s recent strategic shift to incorporate bitcoin into its balance sheet. The offering, priced at R7.06 ($1.27) per share, was about 5% less than Meliuz’s closing price of R7.43 on Thursday. The stock has fallen more than 5% in today’s trading. BTG Pactual served as the book-runner for the deal, according to the filing. Earlier this year,…
Walmart (WMT) and Amazon (AMZN) are considering issuing their own stablecoins in the United States, according to a report by the Wall Street Journal. These corporate digital tokens, pegged to the U.S. dollar or other government-backed currencies, could dramatically reduce merchant fees and speed up payment settlements, disrupting the dominance of traditional financial institutions. The move is contingent on the passage of the Genius Act, a proposed regulatory framework for stablecoins that recently passed a key procedural step in Congress. If passed, it could pave the way for large companies…
U.S. retail powerhouses Walmart and Amazon are reportedly weighing the launch of their own dollar-pegged stablecoins. Per a June 13 WSJ report, the companies are said to be exploring how stablecoin launch and integration could help streamline payment systems, significantly cut processing fees, and reduce reliance on the traditional banking infrastructure. By issuing their own tokens, both firms could shift massive volumes of daily transactions onto the blockchain, offering more efficient payment flows. Citing sources familiar with the matter, the report also noted that other major players, including Expedia 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…