Category: CryptoX News

rally to $111k likely as soft CPI print fuels rate cut talks

Bitcoin is entering a period of volatility, as macro effects align for a short-term rally to $111,000, according to Bitfinex Head of Derivatives Jag Kooner. Macro factors, including a potential U.S.– China trade deal and cooler-than-expected inflation figures, are aligning to support another Bitcoin (BTC) ally. On Wednesday, June 11, Jag Kooner, Head of Derivatives at Bitfinex, shared his insights on Bitcoin with crypto.news. Kooner believes that a possible agreement between the U.S. and China could help reduce uncertainty and boost market sentiment. However, he noted that the optimism may…

Sweden’s H100 Group Raises $10M from Adam Back, Others to Buy BTC

Sweden-based H100 Group, a publicly-traded health and longevity company that recently adopted a bitcoin strategy, said it has raised $10.5 million (SEK 101 million) from a group of crypto-focused investors including Blockstream CEO Adam Back, UTXO Management, and several family offices. According to a Wednesday press release, the fundraising was split between SEK 69.65 million in two share issues and SEK 31.35 million in convertible loans. The share issues saw participation from a mix of crypto investors and Nordic family offices. The convertible loans carry no interest and mature in…

Ethereum To $3,400? On-Chain Shows No Big Hurdles Ahead

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. On-chain data suggests Ethereum doesn’t face any dominant resistance levels until $3,417, something that could open up the path to the mark. Ethereum Cost Basis Distribution Shows Resistance Ahead Is More Spread Out In a new post on X,…

SUI Token Trades Flat Despite Signs of Strong ETF Momentum

SUI , the native token of the Sui blockchain, rose slightly over the past 24 hours before falling sharply after macroeconomic factors hit global markets during U.S. afternoon hours.. The token rose following news that Nasdaq filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list the 21Shares SUI exchange-traded fund. This marks the second major step in the ETF approval process. The first, a draft S-1 registration statement, was filed by 21Shares in April. If approved, this would be the first spot SUI ETF listed…

Fintech Heavyweight Stripe Snaps up Privy to Dominate the Future of Web3 Payments

After snapping up Bridge, the multinational financial services and SaaS heavyweight Stripe has now set its sights on Privy, a company that builds infrastructure for crypto wallets. Stripe’s Crypto Grab Continues—Privy Joins the Billion-Dollar Blockchain Bet Stripe Inc. reached a deal to acquire Privy, the crypto wallet infrastructure provider, as first revealed Wednesday by Bloomberg’s […] Source CryptoX Portal

The quiet campaign to make Scott Bessent the next Fed Chair — why crypto markets should care

What does crypto have to gain, or lose, if Trump taps Scott Bessent as the next Fed Chair and accelerates the shift toward pro-growth, risk-friendly policies? Scott Bessent is quietly rising in conversations about the Next Fed Chair Scott Bessent, the current U.S. Treasury Secretary, has quietly emerged at the center of a growing conversation around who will lead the Federal Reserve after Jerome Powell’s term ends in May 2026. According to a Jun. 10 report by Bloomberg, discussions are underway within and beyond the Trump administration about the possibility…

What is a supply chain attack in crypto and how to prevent it?

What is a supply chain attack in crypto? A supply chain attack in the crypto domain is a cyberattack where hackers target third-party components, services or software that a project relies on instead of attacking the project itself. These components may include libraries, application programming interfaces (APIs) or tools used in decentralized applications (DApps), exchanges or blockchain systems. By compromising these external dependencies, attackers can insert harmful code or gain unauthorized access to critical systems. For instance, they might alter a widely used open-source library in DeFi platforms to steal…

SQD Network Launches Oceanstream to Deliver Real-Time Blockchain Financial Data

Decentralized data-lakehouse SQD Network has launched Oceanstream, a platform that provides real-time, institutional-grade financial data from over 200 blockchains. Data From 200 Blockchains in Real Time SQD Network, a decentralized data-lakehouse, announced on June 10 the launch of Oceanstream, a platform designed to deliver institutional-grade financial data from more than 200 blockchains in real time. […] Source CryptoX Portal

FTX Creditors’ $2.2B of Disputed Claims on the line

Bankrupt cryptocurrency exchange FTX is facing fresh scrutiny from users fighting for at least $2.2 billion worth of disputed claims still pending approval, with numerous creditors continuing to struggle to get their repayments approved. The FTX Recovery Trust started its second round of payments on May 30, repaying over $5 billion worth of digital assets to eligible creditors who have completed pre-distribution requirements. Still, at least $2.25 billion worth of repayments remain in dispute, according to estimates shared by Sunil, FTX creditor and Customer Ad-Hoc Committee member. “Current allowed claims:…

MEXC Launches $100M User Protection Fund to Cover Security Breaches

Crypto exchange MEXC has rolled out a $100 million user protection fund aimed at shielding its users from major platform breaches, technical failures or other serious security threats. The fund is structured to compensate users in the event of major security incidents, including breaches of the platform’s infrastructure, critical system vulnerabilities or large-scale targeted hacks, the exchange told Cryptox.   MEXC has also published wallet addresses linked to the fund on its website, allowing users to verify balances and monitor fund activity in real-time. A dedicated web portal will also provide…