Category: CryptoX News

Uber Once Again Says It’s Considering Crypto (USDC, USDT) Years After Mulling BTC Payments

Uber CEO Dara Khosrowshahi said the ride-hailing giant is exploring the use of crypto as a payment method, which marks the third time the company has made the claim since 2021. Speaking Thursday at the Bloomberg Tech conference in San Francisco, Khosrowshahi said the company is in the “study phase” of evaluating stablecoins for operational use. “I think stablecoins are one of the more interesting instantiations of crypto that have a practical benefit beyond being a store of value,” Khosrowshahi said. Uber was an early member of the Diem Association…

Solana’s Old Hands Are Moving—Is Trouble Brewing?

On-chain data shows the Solana network has just seen a large movement of dormant coins. Here’s what this could mean for the cryptocurrency. Solana Coin Days Destroyed Has Witnessed A Huge Spike In a new post on X, the on-chain analytics firm Glassnode has talked about the latest trend in the “Coin Days Destroyed” (CDD) indicator for Solana. A ‘coin day’ is a quantity that one token of the asset accumulates after having stayed dormant (that is, not being involved in any transaction activity) for one day. When a token…

Avalanche’s AVAX Token Falls 5%, Forming Bearish Pattern on Short Time Frame

Avalanche’s AVAX token experienced significant price fluctuation in the short term, trading within a 5.5% range between $21.16 and $19.98. Bears remain in control despite intermittent support around the $20.10 level. The 18th-largest currency by market capitalization, down 5% over 24 hours, underperformed the CryptoX 20 — an index of the top 20 cryptocurrencies by market cap, excluding memecoins, stablecoins and exchange coins — which has lost 1.7% in the same period. Technical Analysis • AVAX established a trading range of $1.15 (5.5%) between the high of $21.16 and low…

Senate Stablecoin Bill Likely to Win Massive Bipartisan Support, Dem Lawmaker Says

WASHINGTON, D.C. — As many as 16 Democrats may vote in favor of the Senate’s stablecoin bill when it gets to its final set of votes in the legislative body, Arizona Senator Ruben Gallego said Thursday. The “Guiding and Establishing National Innovation for U.S. Stablecoins of 2025” (GENIUS) Act faced headwinds last month after Gallego led a group of Democrats against voting for cloture, a procedural hurdle that would advance legislation, citing concerns about consumer protection and other provisions. Ipagpatuloy Ang Kwento Sa Baba Within a week and a half,…

Bitcoin Hash Ribbons Indicating Prime Buying Opportunity, Analyst Says

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. Bitcoin (BTC) remains range-bound in the mid-$100,000s, showing no clear directional bias. However, the Hash Ribbons indicator is now flashing a fresh buy signal, suggesting that the top cryptocurrency may be gearing up for its next upward move. Bitcoin…

What’s Next for AI and Web3: NeuroSymbolic Intelligence

As artificial intelligence (AI) powers ahead, the question is no longer if we will integrate AI into core Web3 protocols and applications, but how. Behind the scenes, the rise of NeuroSymbolic AI promises to be useful in addressing the risks inherent with today’s large language models (LLMs). Unlike LLMs that rely solely on neural architectures, NeuroSymbolic AI combines neural methods with symbolic reasoning. The neural component handles perception, learning, and discovery; the symbolic layer adds structured logic, rule-following, and abstraction. Together, they create AI systems that are both powerful and…

Prices Head Lower as Circle IPO Revives Memories of the Coinbase Top

Is it 2021 all over again? Circle (CRCL) debuted to wild upside action on the New York Stock Exchange on Thursday, its shares more than tripling from the IPO price of $31. The event was the culmination of a long journey for the USDC stablecoin issuer, which had been pursuing an IPO for several years. For the crypto industry, it’s certainly a win — a sign of strong traditional investor demand and that under the Trump administration, crypto native firms really do have a path to going public. But cryptocurrencies…

EasyA Promises Even Bigger Hackathon After Record-Breaking Success at Consensus 2025

The EasyA Consensus Hackathon, hosted on May 14-16 in Toronto, was the largest blockchain-related hackathon in North American history — and its organizers, brothers Phil and Dom Kwok, are planning on going even bigger next year in Miami. “We had some really good results, really cool projects,” the duo told CryptoX in an interview recently. Over 1,000 developers joined the event, all of whom were carefully vetted beforehand. Applicants had to demonstrate their coding experience via their GitHub and LinkedIn pages, the aim being to enlist developers with a proven…

ECB Slashes Rates Again—While the Fed Stands Frozen

The European Central Bank (ECB) trimmed its key interest rate by 25 basis points on Thursday, June 5, 2025, reducing the deposit rate from 2.25% to 2.0%. In contrast, the odds of the U.S. Federal Reserve delivering a rate cut remain faint at best. Polymarket, Kalshi, CME Futures Bet the Fed Won’t Budge—Trump Fumes This […] Source CryptoX Portal

Why is Bitcoin’s percentage supply on crypto exchanges near 7-year lows?

Key takeaways: Bitcoin’s percent supply on exchanges has dropped below 11% for the first time since 2018. Institutional adoption is accelerating BTC withdrawals from public exchanges. Trust in centralized platforms is shaky post-FTX. Bitcoin’s (BTC) percent supply on exchanges has dropped to near seven-year lows, falling below 11% for the first time since March 2018, according to Glassnode data. The peak occurred around March 2020, when over 17.2% of the BTC supply was held on exchanges. Since then, over 6% of the total supply, or roughly 1.26 million BTC, has…