Category: CryptoX News

France Charges 25 Over Crypto Kidnapping Spree in Paris

French authorities have charged 25 individuals, including six minors, over a series of kidnappings and attempted abductions linked to the country’s cryptocurrency sector. The group, aged between 16 and 23, faces charges connected to multiple plots targeting prominent crypto figures and their families, Le Monde reported, citing an announcement from the Paris public prosecutor’s office on May 31. Per the report, eighteen suspects are now in pre-trial detention, three have requested a deferred hearing, and four remain under judicial supervision. The investigation centers on a failed May 13 abduction attempt…

Token Rebounds After Sharp Drop Below $6

Uniswap’s native token initially broke below its uptrend line after failing to hold momentum above the $6.00 support level. The decline followed the formation of an ascending channel earlier in the day, but that structure collapsed under high-volume selling, including a spike of over 1.4 million units as prices briefly touched $6.00. However, the breakdown proved temporary. UNI quickly reversed course and climbed back to $6.18, indicating strong dip-buying interest and suggesting the uptrend may still be intact if support near $6.05 continues to hold. Technical Analysis Highlights UNI formed…

Shiba Inu price crashes as whales sell, burn rate slows

Shiba Inu price continued its strong downtrend on Saturday as whale investors sold and sentiment in the crypto industry worsened. Shiba Inu (SHIB), the biggest meme coin in Ethereum’s (ETH) chain, dropped for four consecutive days, reaching a low of $0.00001238, its lowest level since April 22. It has moved into a technical bear market, falling by almost 30% from its highest point in May.  Shiba Inu’s decline is mostly because of the ongoing crypto sell-off that has affected all types of coins. Bitcoin (BTC) has dropped from an all-time…

US Dollar Faces Test as Economist Sees Yuan, Rupee, Ruble Rising

Global de-dollarization is surging as a leading economist confirms nations are accelerating the shift to local currencies, reshaping global finance with a powerful multi-currency push. Economist Sees Power Shift as Yuan, Rupee, Ruble Eat Into US Dollar’s Dominance Global de-dollarization is accelerating as countries shift to a multi-currency system, using alternatives to the U.S. dollar […] Source CryptoX Portal

XRP Lending Goes Institutional—New Platform Targets US Public Companies

XRP is primed to supercharge institutional lending as a top-tier enterprise platform targets NYSE and Nasdaq-listed giants with on-chain, futures-hedged, asset-backed crypto loans. XRP to Fuel Institutional Loans for Public Giants on NYSE and Nasdaq Boards Hyperscale Data Inc. (NYSE American: GPUS) disclosed on May 29 that its subsidiary, Ault Capital Group Inc. (ACG), will […] Source CryptoX Portal

$161m floods startups as prices sway

Venture capital appetite for crypto startups is showing signs of resilience despite broader market turbulence. This week, at least 15 firms across different slices of the ecosystem secured fresh funding. According to Crypto Fundraising data, the last week of May ended with $161.1 million in crypto funding activity. Twenty One, a new Bitcoin treasury company, raised a massive $100 million; Conduit Pay landed $36 million to expand its crypto-native banking services; and Donut, a newcomer focused on wielding artificial intelligence, secured $7 million in a pre-seed round. The flurry of…

5 US States Keep Attacking Coinbase Despite SEC Shift

Five U.S. states refuse to budge as Coinbase escalates its defense, defying SEC guidance and a dropped federal lawsuit that challenged staking’s status, fueling national controversy. 5 US States Won’t Budge on Coinbase Lawsuits After SEC Drops Staking Case, Releases Guidance Following guidance from the U.S. Securities and Exchange Commission (SEC) Division of Corporation Finance […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Nine Casino Tops List of Non-UK Casinos Accepting UK Players in 2025

This content is provided by a sponsor. PRESS RELEASE. London, United Kingdom – The online gambling landscape is shifting rapidly in 2025, with UK players increasingly exploring international alternatives to traditional domestic operators. Among the most prominent platforms leading this movement is Nine Casino, a non-UK licensed operator that delivers greater variety, generous bonuses, and […] Source CryptoX Portal

BCH Surges After $391 Rebound Amid Geopolitical Tensions

The cryptocurrency market is navigating choppy waters amid escalating geopolitical tensions, with Bitcoin Cash (BCH) showing resilience despite broader market pressure. BCH recently demonstrated strong technical performance, forming a V-shaped recovery after testing critical support at $391.656, with substantial buying volume establishing a high-volume support level. This comes as the global cryptocurrency market faces headwinds from the ongoing US-China trade disputes, which continue to introduce uncertainty across financial markets worldwide. Meanwhile, traditional financial indicators like rising US Treasury yields signal systemic stress that historically creates mixed environments for risk assets…

Mega Matrix Inc. Board of Directors Approves Bitcoin and Ethereum as Treasury Reserve Asset

SINGAPORE, May 30, 2025 /PRNewswire/ — Mega Matrix Inc. (“MPU” or the “Company”) (NYSE American: MPU), today announced that the Company’s Board of Directors approved the purchase of Bitcoin and/or Ethereum to hold as a treasury reserve asset. Yucheng Hu, Chief Executive Officer of MPU, commented, “Bitcoin and Ethereum represent next-generation treasury assets that enhance our financial strategy. While remaining focused on our core short drama streaming business, we believe this move strengthens our long-term balance sheet positioning.” About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding…