Category: CryptoX News

Japan Drives Cardano (ADA) Trading Surge as Price Battles $0.70 Resistance

Geopolitical tensions and regulatory uncertainty continue to shape cryptocurrency markets as Cardano experiences volatile price action between $0.664 and $0.690. Despite strong network fundamentals, including surpassing 110 million total transactions, ADA faces downward pressure amid broader market concerns about inflation and monetary policy decisions. Technical Analysis ADA-USD exhibited a volatile 24-hour trading range of 0.026 (3.85%), forming a consolidation pattern between $0.664 and $0.690. Significant resistance encountered at $0.690 with high-volume rejection during the 01:00 hour. Strong support established at $0.665 with notable buying pressure emerging at the 10:00 and…

Riot Platforms (RIOT) Taps Data Center Veteran to Expand Beyond Bitcoin Mining

Riot Platforms (RIOT) has hired industry veteran Jonathan Gibbs as its Chief Data Center Officer, marking a strategic move by the bitcoin miner to branch out beyond crypto into the broader data infrastructure business. Gibbs brings over 15 years of experience and a résumé that includes designing and building more than one gigawatt of data center capacity across North America, Europe and Asia. He most recently served as Executive Vice President at Prime Data Centers, where he led projects across the U.S. Now, he’s tasked with launching Riot’s new data…

Nervos Network loses $3M in Force Bridge exploit

Nervos Network’s Force Bridge was hacked for $3.9 million in crypto, prompting an immediate shutdown as the team investigates the exploit. Blockchain security firm Cyvers Alerts first reported the incident in a June 2 post on X, noting that a suspicious address appeared to have taken control of the bridge. Several tokens were drained by the attacker, including 60,400 Dai (DAI), 539 Ethereum (ETH), 898,300 USD Coin (USDC), 257,800 Tether (USDT), and 0.79 Wrapped Bitcoin (WBTC).  The attack siphoned off approximately $3 million from the Ethereum side and an additional $800,000…

AVAX Plunges 9% as Global Economic Tensions Rattle Crypto Markets

Global economic uncertainties and escalating trade tensions have sent ripples through cryptocurrency markets, with Avalanche (AVAX) experiencing a sharp 8.5% decline over the past 24 hours. Despite forming a potential double bottom pattern at the $19.97 support level with increased buying volume, the overall bearish sentiment continues to dominate AVAX’s price action. Technical Analysis • AVAX experienced a significant downtrend over 24 hours, falling from $21.84 to $20.11. • Pronounced selling occurred when price dropped sharply from $21.49 to $21.01 on exceptionally high volume (2.56M). • Support emerged at $20.00…

3 Safe Meme Coins That Could 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. Elon Musk’s antics on X are there for everyone to see. While some may not be in favor of his ‘unserious’ online persona, crypto degens, for one, love every bit of it. After all, one tweet from the tech…

UNI Holds $6 as Tariff Shock and Rate Delays Cloud Outlook

The cryptocurrency market continues to feel the effects of global economic tensions, with investor sentiment swaying under the weight of rising geopolitical risks and trade uncertainty. Uniswap’s UNI token saw a sharp intraday swing between $6.045 and $6.385 before stabilizing above $6.11, signaling cautious buyer support, according to CryptoX Research’s technical analysis data model. Продовження Нижче Although UNI briefly rebounded after early losses, analysts warn that macroeconomic headwinds — including tariff escalations and delayed monetary easing — may cap near-term gains even as key technical levels hold for now. Technical…

Crypto May Erode Public Trust in Credit, Warns Central Banker

A top central banker warns crypto’s accelerating fusion with traditional finance could unleash market turmoil, damage trust in banks, and jeopardize control over sovereign monetary systems. Central Banker Cautions: Misunderstood Crypto May Trigger Market Fallout Bank of Italy Governor Fabio Panetta, who served on the European Central Bank (ECB)’s Executive Board from 2020 to 2023, […] Source CryptoX Portal

Elon Musk Announces XChat With Bitcoin-Like Encryption, BTC Trades Near $105K

Tech billionaire Elon Musk, the boss of X (formerly Twitter), Tesla, and SpaceX, announced on Sunday the launch of a brand-new messaging app called XChat. Neither the BTC market nor the tech community is impressed. One of the key features of the new offering is that it’s built on a programming language called Rust with Bitcoin-style encryption. While it sounds exciting, the crypto community is not particularly psyched, raising doubts about what exactly it means. “Bitcoin primarily uses signatures, not encryption. This is like saying, we decided to run our…