Category: CryptoX News

What’s next for HOOD stock?

Robinhood’s stock has rallied hard in recent weeks on hopes of being added to the S&P 500 index, but many investors were disappointed with the announcment that S&P Dow Jones Indices will make no changes to the S&P 500 lineup S&P Dow Jones, the operator of the coveted S&P 500 index, confirmed Friday afternoon that it will make no changes to the index. Robinhood was widely considered to be the next stock added to the index so confirmation it will be left out sent Robinhood’s stock down sharply on Monday.…

Russian Crypto Founder Charged Laundering $530M Into US

A crypto founder has been arrested in New York for allegedly using his crypto firm, Evita Pay, to funnel around $530 million into the US from sanctioned Russian banks to help Russians access highly sensitive American technology. Iurii Gugnin was hit with a 22-count indictment and will face charges related to wire and bank fraud, money laundering and operating an unlicensed money transmitting business, among others, the US Department of Justice said on Monday.  If convicted, Gugnin could spend life behind bars. It’s the latest case involving the use of…

Turnkey Raises $30M For Open Crypto Infrastructure

Turnkey, a crypto infrastructure company founded by former Coinbase Custody builders in 2022, has raised $30 million in a Series B round to create an “open infrastructure layer” for crypto, which the company says will help the industry evolve in a similar way to the internet. Bain Capital Crypto led the round with participation from Sequoia Capital, Galaxy Ventures, Lightspeed Faction, Variant, and Wintermute Ventures. The round brings Turnkey’s total funding to $50 million. Turnkey specializes in providing wallet infrastructure, enabling embedded wallets that “remove the need to rely on…

Bitcoin price all-time high hindered by macroeconomic fears

Key takeaway: Bitcoin (BTC) rose 3.5% between June 7 and June 9, approaching the $108,500 mark. Despite this recent uptick, professional traders remain notably cautious, as reflected in BTC derivatives metrics. Broader macroeconomic tensions persist, and Bitcoin continues to show a strong correlation with the stock market, limiting its short-term upside potential. Some analysts anticipate Bitcoin could rally to $150,000 as the US government nears a $4 trillion increase to its debt ceiling. However, futures market data suggests short-term hesitance, likely driven by unfavorable macroeconomic signals and a misreading of…

U.S. SEC Chair Says Working on ‘Innovation Exemption’ for DeFi Platforms

The U.S. Securities and Exchange Commission is working on policy to exempt decentralized finance (DeFi) platforms from regulatory barriers, said Chairman Paul Atkins. Software developers building DeFi tools have no business being blamed for how they’re used, Atkins and other SEC Republicans contended at the final of five crypto roundtables that have been held at the agency since the leadership turnover under President Donald Trump. The chairman told a roundtable of DeFi experts on Monday that he’s directed the SEC staff to look into changes to agency rules “to provide…

Bitcoin and altcoins could seek new all-time highs this week

Key points: Bitcoin opened the week with strength as bulls target new highs in BTC and altcoins. Many major altcoins are stuck in a range, but HYPE is showing signs of strength. Bitcoin (BTC) made a solid start to the week, sprinting toward the overhead resistance zone of $109,588 to $111,980. The move higher may have been triggered due to the optimistic expectations from the US-China trade talks in London. Trader Cas Abbe said in a post on X that Bitcoin is likely to witness a big move, possibly above…

Can Crypto Unlock the Vibe Launch?

This year has seen the emergence of a new Internet person empowered by AI coding tools to build software for the Internet’s long tail: the vibe coder. The vibe coder heralds an era of software development that is democratized, effortless and instant, and an Internet economy propelled by builders rather than influencers. Vibe coders need a viral and organic way to market their products. Crypto could provide it. A new generation of token launchers, such as Believe and L( )ng, is trying to unlock the vibe launch using tokenized idea…

The End of Bitcoin Maximalism

The launch of Bitcoin in 2009 created a resilient and decentralized monetary asset. Early adherents rallied around it as a singular innovation — immutable, fixed-supply, and leaderless. Over time, this coalesced into a belief system: Bitcoin maximalism. The argument was simple. Bitcoin came first. It had the most Proof-of-Work security. The most conservative monetary policy. All other assets were distractions or regressions. But that framing increasingly diverges from how Bitcoin is now being applied in practice. Interoperability Becomes the New Norm Today, the crypto ecosystem is no longer a collection…

Coinbase Alum-Founded Turnkey Raises $30M Series B to Grow Engineering Team: Report

Crypto wallet infrastructure company Turnkey has raised $30 million in Series B funding led by Bain Capital Crypto, Fortune reported on Monday. Turnkey, which was co-founded by former Coinbase employees Bryce Ferguson and Jack Kearney, aims to help developers build user-friendly wallets using application programming interfaces (APIs). This can help wallets become more streamlined and easy to use, Ferguson said. “We’re moving from this world of these slow, clunky systems that were designed for buying and holding crypto to very high throughput, machine-based transactions,” he said, according to Fortune’s report.…

Snorter Token Trading Bot to Explode?

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. Many crypto traders still manually wade through hundreds of token profiles, candlestick charts, and market cap pages each day. Sure, everyone has their favorite analytics website and their tried-and-tested metrics to simplify their work. But it’s still a lot…