Category: CryptoX News

Token Dips as ‘Double Top’ Pattern Potentially Signals Short-Term Bearish Trend

Recent price action reveals TON’s struggle to maintain stability, with a failed breakout attempt at $3.22 followed by accelerated selling during peak trading hours, according to CryptoX Research’s technical analysis model. The move comes as the broader market gauge, CoinDesk20 Index, remained flat. Technical indicators paint a potential bearish picture on the short-term timeframe as the formation of lower highs and lower lows suggests building bearish momentum. The breakdown of the $3.16 support level, confirmed by high-volume selling, has opened the door to further potential downside as global economic tensions…

Litecoin Holds Support Level as Layer-2 Launch Signals Broader Utlity

Litecoin is clinging to key technical support around $89 as a mix of fundamental and macro developments shape its short-term outlook, according to CoinDesk Research’s technical analysis data model. The cryptocurrency traded in a tight range over the last 24 hours, testing lows near $88.92 before recovering. Despite forming a bearish head-and-shoulders pattern, volume support at $89 suggests buyers are stepping in. This stability comes amid broader market uncertainty. The CD20 index of major cryptocurrencies fell around 1% over the same period, reflecting reduced risk appetite as geopolitical tensions and…

Bitwise CIO: Bitcoin Can Boost Returns Without Raising Portfolio Risk

Digital asset manager Bitwise’s chief investment officer, Matt Hougan, suggests reallocating portfolios to include bitcoin alongside reduced equity and bond exposure could enhance returns while mitigating risk. Bitwise CIO Urges Investors to View Bitcoin Through Total Portfolio Lens The Bitwise analysis shared by the firm’s CIO Matt Hougan covers January 2017 to December 2024 and […] Source CryptoX Portal

How to use Chainabuse and Scamwatch to report a Bitcoin scammer

Key takeaways Chainabuse allows anyone to publicly share information with enforcement, helping make crypto fraud more transparent, but it’s not a confidential legal channel.  Scamwatch helps raise public awareness about crypto scams in Australia and gathers reports to support national anti-scam efforts, but it does not investigate or take enforcement action. Even if funds can’t be recovered, reporting a Bitcoin scam can prevent someone else from falling into the same trap. Staying vigilant, avoiding suspicious links or promises of guaranteed returns and double-checking addresses can help protect your crypto. It…

Binance cracks down on bot farming on Binance Alpha

Binance has identified and moved to restrict the use of bots exploiting Alpha, its early-access token distribution system, the exchange said on June 4. In a post, Binance said it had “recently detected certain groups using bots to participate in Alpha activities, which undermines the fairness of the Binance Alpha Points program.” It added that it had taken measures to halt the activity. “We have upgraded our risk control systems to enhance the detection and handling of such behavior,“ the exchange said. Binance said any use of bots will be…

Bitcoin Moonshot? Trader Bets on 28% Surge in BlackRock’s Spot BTC ETF (IBIT) by Month-End

A bold bet on BlackRock’s spot bitcoin ETF (IBIT) crossed the tape Tuesday, suggesting expectations for a “moonshot” or rapid price surge in the world’s largest publicly listed fund by month-end. On Tuesday, a trader picked up 3,000 contracts of the IBIT $77 strike call option expiring on June 27, according to data source Barchart.com. The trader paid a total premium of $39,000 for the bullish exposure. A call option gives the purchaser the right, but not the obligation, to buy the underlying asset at a predetermined price on or…

Pakistan Crypto Minister Meets Trump’s Digital Assets Chief

Pakistan’s minister of state for crypto and blockchain, Bilal Bin Saqib, met with Robert “Bo” Hines, executive director of US President Donald Trump’s Council on Digital Assets, during a visit to the White House. The meeting focused on boosting cooperation between Pakistan and the United States in the digital assets space. Discussions covered a broad range of topics, including Bitcoin (BTC), potential partnerships and the future of decentralized finance, according to a report by 24NewsHD TV. One key area of dialogue was Pakistan’s newly announced Strategic Bitcoin Reserve. “It is…

Report: Tether’s USDT Dominates Stablecoin Payment Market, Tron Most-Used Chain

Stablecoins have quietly exploded into a multi-billion-dollar payments juggernaut, with several businesses leading the charge – and Tether dominating the field. Artemis, Castle Island, Dragonfly Study: Stablecoin Monitoring Shows Several Unique Trends Stablecoin payments totaled $94.2 billion from January 2023 through February 2025, according to a new industry study. The research, conducted by analytics firm […] Source CryptoX Portal

World Liberty Financial airdrops 47 USD1 to WLFI holders 

Trump-linked decentralized finance project World Liberty Financial is distributing 47 USD1 stablecoins to wallet addresses that participated in its presale. The airdrop was first flagged by blockchain analytics firm Lookonchain in a June 4 post on X, which noted that wallets involved in the WLFI token sale received 47 units of USD1. Several WLFI token holders on X have confirmed receiving the airdrop, which was conducted on the Ethereum (ETH) blockchain. The number 47 is believed to commemorate Donald Trump becoming the 47th President of the United States, giving the…