Category: CryptoX News

ETH Stays Strong at $2,600 After $321M Spot ETF Surge

Ether extended its rally Monday as institutional demand surged and exchange supply dropped to a multi-year low. The asset climbed as high as $2,650.18 before easing to around $2,617, where it currently trades, according to CryptoX Research’s technical analysis data model. Despite the minor retracement, ETH remains one of the best-performing major tokens this week, supported by $321 million in fresh inflows into ether-linked investment products. That’s the strongest weekly inflow figure since December, reflecting mounting investor confidence in ether’s long-term value. Analysts also highlight a drop in ETH held…

Texas Rep. Brandon Gill’s $500K Bitcoin buys spark STOCK Act scrutiny

Texas Republican Representative Brandon Gill is facing scrutiny after filing late disclosures for up to $500,000 in Bitcoin purchases, potentially violating federal law. Gill, a first-term House member known for his bill proposing President Donald Trump’s face on the $100 bill, has reported two Bitcoin (BTC) purchases, each valued between $100,001 and $250,000, made on Jan. 29 and Feb. 27. However, both trades were disclosed weeks past the 45-day deadline required by the Stop Trading on Congressional Knowledge (STOCK) Act, a law aimed at curbing insider trading and financial conflicts…

Revolut Hiring to Build Crypto Derivatives Platform

Fintech giant Revolut appears to be gearing up for a move into the crypto derivatives market as a new job posting hints at plans to build the business from scratch. A recent listing for a “General Manager (Crypto Derivatives)” role shows that Revolut is actively recruiting in London, Barcelona and Dubai. The position would oversee the end-to-end launch of the derivatives platform, from product architecture and trading infrastructure to regulatory compliance and commercial strategy. According to the listing, the goal is to create “one of the most trusted, scalable, and…

Crypto ATM operators in Australia hit with cash limits and tougher compliance checks

Australia has introduced new operating conditions and cash transaction limits for crypto ATM providers to curb scams and enhance anti-money laundering compliance. In a June 3 press release, the Australian Transaction Reports and Analysis Centre (AUSTRAC) stated that crypto ATM operators must now implement a cash deposit and withdrawal cap of 5,000 Australian dollars (approximately $3,250). Operators must also display scam warning messages at machines to alert users about potential fraud. In addition, ATM providers are now required to conduct more thorough customer checks and enhance their transaction monitoring for…

Kurdistan Orders Crypto Crackdown After $15M Fraud Case

The Kurdistan Regional Government (KRG), the official executive body of the semi-autonomous Kurdistan Region in northern Iraq, has ordered the Ministry of Interior to create a special committee to shut down companies operating in the fields of electronic trading and digital currencies. The directive, issued by the Presidency of the Council of Ministers and dated […] Source CryptoX Portal

Australia overhauls crypto ATM rules to combat rising scams

Australia’s national financial intelligence agency has rolled out new operating rules and transaction limits for crypto ATM operators, as federal police say scams through the kiosks are on the rise. The Australian Transaction Reports and Analysis Centre (AUSTRAC) is enforcing a 5,000 Australian dollar ($3,250) limit on cash deposits and withdrawals on crypto ATMs, scam warning signs, more robust transaction monitoring and enhanced customer due diligence obligations, the agency said in a June 3 press release shared with Cointelegraph. Currently, the limits only apply to crypto ATM providers; however, AUSTRAC…

Just a chill guy price prediction

Just a chill guy meme took the entire world by storm as thousands of memes flooded each country and every sector. This naturally spiked up the price of the token and now over the past few months, a big community of holders have formed around this token. Will this token continue its rally owing to its huge support or will it succumb to bearish pressure? Let’s find that out in detail in this Just a chill guy price prediction. Since its launch, Just a chill guy (CHILLGUY) has seen an…

XRP Treasury Strategy by Vivopower Advances With Bitgo Support

Nasdaq-listed Vivopower is going all-in on XRP with a bold $100 million bet, locking arms with Bitgo to supercharge its transformation. Vivopower Taps Bitgo for Bold XRP Treasury Bitgo and Vivopower International PLC (Nasdaq: VVPR) announced on June 2 a strategic partnership that will support Vivopower’s $100 million XRP acquisition as part of its shift […] Source CryptoX Portal

SOL Strategies Reports $3.5 million Income Loss for Q2 2025

SOL Strategies, a Canadian public company focused on Solana infrastructure, reported a net loss in the second quarter even as revenue from staking and validating surged. The company, which trades on the Canadian Securities Exchange (CSE) under the ticker HODL, reported a net loss of CA$4.8 million ($3.5 million) for the second quarter of 2025, while revenue for the period surged to CA$2.54 million CAD ($1.85 million) from CA$67,000 in the same period a year earlier. SOL Strategies’ revenue growth was driven almost entirely by staking and validating income from…