Russia accelerates the global de-dollarization drive with bold new push for national currencies and economic sovereignty in trade. Russia Ramps up Exit From Dollar-Dominated Trade System The global shift toward settling trade in national currencies instead of the U.S. dollar is gaining traction, with Russia positioning itself at the forefront of this movement. During the […] Source CryptoX Portal
Elon Musk erupts in fury, declaring he can’t take it anymore as he warns unchecked government spending is driving America toward catastrophic financial collapse and irreversible damage. Elon Musk Warns US on Brink of Bankruptcy—Says He Can’t Take It Anymore Elon Musk has unleashed a scathing critique of the newly passed Congressional spending bill, calling […] Source CryptoX Portal
US President Donald Trump’s sprawling crypto empire could grow even larger, as filings show plans for a Bitcoin exchange-traded fund (ETF) branded with his social media platform, Truth Social. Stock exchange NYSE Arca filed for the Truth Social Bitcoin ETF with the Securities and Exchange Commission on June 3 on behalf of crypto asset manager Yorkville America Digital, a partner of Truth Social’s owner, Trump Media & Technology Group. Trump is the majority owner of Trump Media, but moved his shares into a trust controlled by his son, Donald Trump…
Classover Holdings (KIDZ), a publicly traded online education company, has revealed it’s making a big bet on solana . The company said in a press release that it entered a new agreement to sell up to $500 million in senior secured convertible notes, aiming to use most of the proceeds to build a treasury of SOL tokens. The agreement, made with Solana Growth Ventures , allows for an initial $11 million funding round. Classover plans to allocate up to 80% of the net proceeds from the notes toward SOL purchases.…
CleanSpark’s Bitcoin mining production rose more than 9% in May, bringing its treasury to 12,502 BTC, double the amount it held at the same time last year. According to its monthly report, the company mined 9.4% more Bitcoin (BTC) in May, producing 694 coins compared to 633 in April. CleanSpark also achieved a 45.6 exahash rate, up from 42.4 in April, and expanded its contracted power capacity to 987 MW. “May was a strong execution month for CleanSpark,” Zach Bradford, CEO and president, said. “We increased our month-end hashrate to…
Coinbase was informed of a customer data leak at its outsourcing partner, Taskus, some four months before a significant breach that is expected to cost the company $400 million. Breach Causes 200 Employees to Lose Jobs? U.S. cryptocurrency exchange Coinbase was made aware of a customer data leak at one of its outsourcing companies four […] Source CryptoX Portal
A Trump-branded crypto trading app and wallet is reportedly in development, according to a new website. The site — TrumpWallet.com — invites users to join a waitlist for what it calls the “Official $TRUMP Wallet by President Trump,” created in partnership with Magic Eden and the team behind the TRUMP (TRUMP) memecoin. Crypto journalist Molly White first reported the site’s existence, noting the application is designed to allow trading of the TRUMP token, Bitcoin (BTC), and other digital assets. SCOOP: Trump to launch branded crypto wallet and trading application, encouraging…
Bitcoin miner MARA Holdings (MARA) produced 950 BTC in May, a 35% increase from the previous month and its strongest output since the Bitcoin halving in April 2024, the company said Tuesday. The firm also set a new internal monthly record for blocks won, totaling 282, a 38% jump from April. CEO Fred Thiel attributed the gains to the company’s vertically integrated tech stack and its self-owned MARA Pool. “Operating our own pool means we keep all block rewards without paying fees to third parties,” Thiel said, adding that MARA…
Binance’s BNB token climbed Tuesday on the back of the U.S. Securities and Exchange Commission dismissing its long-running lawsuit against the crypto exchange last week. The token jumped from $650.28 to $673.70, a 3.6% rise, before entering a period of sideways trading and a short correction that saw it drop back down to the $665 level. The SEC’s move comes at a time in which the exchange brought back previously restricted U.S. dollar deposit features, including ACH bank transfers, marking a partial restoration of Binance’s fiat channels on its U.S.…
Cryptocurrency investment deals fell to their lowest point of 2025, as analysts cited a mix of market-specific and macroeconomic factors behind weakening venture capital (VC) activity. Only 62 rounds were completed in May, a monthly low last seen in January 2021, according to data from crypto analytics platform RootData. Despite the drop, the 62 investment rounds still raised more than $909 million, making it the second-best month of the year by value, trailing only March’s $2.89 billion across 78 rounds The slowdown is likely a “combination of market prices and…