Category: CryptoX News

Panama City Mayor proposes Bitcoin payments for priority access through Panama Canal

Panama City should allow ships to pay in Bitcoin for faster passage through the Panama Canal, according to Mayor Mayer Mizrachi. During a panel at Bitcoin 2025 in Las Vegas, Mizrachi suggested that Bitcoin payments could be rewarded with priority canal transit for cargo ships. “We have a canal — what if you get a perk for paying in Bitcoin, get your ship to go quicker if you pay in Bitcoin,” Mizrachi said. The Panama Canal is a key artery of global trade, linking the Caribbean and Pacific Oceans. It…

Bitcoin (BTC) Bull James Wynn Close to Total Liquidation as Losses Near $100M

James Wynn, the Hyperliquid trader who had at one time a billion-dollar notional position, has become an outsized victim of bitcoin’s cooling sentiment. Wynn’s current highly leveraged BTC position, which he appears to be struggling to maintain, spiralled into a loss of nearly $100 million over the last week. (Coinglass) Data from Hyperdash shows that Wynn’s margin usage is nearing 100%, which would result in a total liquidation of his position, though Wynn recently made a deposit of $376,000 to bolster his defenses. (Hyperdash) The trader, known for making aggressive…

Crypto Staking Doesn’t Violate Securities Law, SEC Says

Crypto staking, under certain circumstances, does not appear to implicate U.S. securities law, a branch of the U.S. Securities and Exchange Commission said late Thursday. The SEC’s Division of Corporation Finance published a staff statement — the latest in a series from the regulator — spelling out how the regulator may evaluate proof-of-stake networks, mainly noting that covered activities do not “involve the offer and sale of securities” — meaning the SEC won’t sue any person or company participating in those activities. Node operators and validators, custodians, delegates, nominators and…

Russian Couple Kidnapped in Crypto Trap—Escape Sets off Global Hunt

Crypto-fueled chaos strikes again as a Russian couple is rescued from a Buenos Aires kidnapping tied to a digital ransom, sparking a global manhunt. Russian Couple Abducted in Crypto Sting—Kidnappers Flee to UAE A Russian couple has been rescued in Buenos Aires after reportedly being kidnapped and released following a $43,000 ransom paid in cryptocurrency. […] Source CryptoX Portal

Asia Morning Briefing: Cooling BTC Pushing Up Altcoin Volumes

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin (BTC) is trading above $105K as Asia begins its business day, down 1%. In a note, Paris-based digital assets trading firm Flowdesk wrote that the world’s largest digital asset was moving into a tactical posture with price consolidation. “As BTC consolidates near all-time highs, altcoin…

XRP Gains Nasdaq Traction as Vivopower Launches Saudi-Backed XRP Treasury Plan

XRP storms into institutional finance as Vivopower launches a strategic XRP treasury play, deploying $121 million to anchor XRPL growth with Saudi-backed momentum. Nasdaq-Listed Vivopower Ignites XRP Treasury Strategy Backed by Saudi Royalty Vivopower International PLC (Nasdaq: VVPR) announced on May 28 that it is pioneering a groundbreaking initiative to establish the world’s first publicly […] Source CryptoX Portal

Solana rally capped by SOL token unlock and memecoin decline

Key takeaways: Solana’s native token, SOL (SOL), dropped 10% following a sharp rejection at the $185 level on May 23. The current $167 mark is the lowest in over a week, leading traders to question the reasons behind the recent decline and whether SOL might revisit the $142 support level. Despite the price drop, SOL holders can take some comfort in Solana’s position as the second-largest network in terms of total value locked (TVL). Still, Ethereum’s dominance remains unchallenged, supported by a broad layer-2 ecosystem that offers low fees and…

Want to Use the Panama Canal? You Could Cut the Line With BTC, Panama City Mayor Muses

LAS VEGAS, Nevada — The Mayor of Panama City, Mayer Mizrachi, is taking notes on bitcoin from the leader of El Salvador. Speaking at Bitcoin 2025 in Las Vegas on Thursday, Mizrachi said he’s been thinking of ways Panama’s capital city, which is home to the Panama Canal, could implement bitcoin payments. This includes potentially setting up a strategic bitcoin reserve for Panama City, as well as possibly taking payments — including for passage through the Panama Canal — in bitcoin, Mizrachi said. “What if you have a perk for paying in…

Ripple’s Hidden Road Unleashes Institutional Swaps Across US

Ripple’s Hidden Road unleashes institutional-grade OTC crypto swaps in U.S., eyeing global prime brokerage dominance. Ripple’s Strategic Strike: Prime Brokerage Just Changed Forever in the US Ripple-backed Hidden Road announced on May 28 the rollout of its digital asset swaps prime brokerage services for institutional clients in the United States. The newly introduced offering enables […] Source CryptoX Portal

Telegram raises $1.7 billion via bond offering

Telegram, a messaging platform, raised $1.7 billion from investors in a recent bond offering featuring a 9% coupon that closed on May 28. According to Bloomberg, the company will use a portion of the proceeds to pay $955 million in debt from a previous bond issue set to mature in 2026. The remaining $745 million is fresh capital for growth and operational costs. Telegram co-founder Pavel Durov wrote in a Telegram post: “The response from investors was phenomenal. We are deeply grateful to the investment funds that have supported us…