The market capitalization of tokens in the artificial intelligence (AI) crypto sector has surged from $4.5 billion in 2023 to $20 billion in just two years. Growth has however slowed this year, with Bittensor’s TAO being the best performer at just 2% growth, while Elizaos has plummeted by 80%. Bittensor Halving Event According to Grayscale […] Source CryptoX Portal
LAS VEGAS, Nevada — The government of Pakistan has plans to establish a strategic bitcoin reserve and support bitcoin mining, the country’s Minister of State for Blockchain and Crypto Bilal Bin Saqib announced at Bitcoin 2025 in Las Vegas on Wednesday. Bin Saqib said that Pakistan’s plans for a strategic bitcoin reserve were inspired by U.S. President Donald Trump’s administration’s own nascent plan for a strategic bitcoin reserve in the U.S., which will — at least at first — be filled with the U.S. government’s holdings from criminal and civil forfeitures, estimated…
Key takeaways: Bitcoin researcher Sminston With says BTC could gain 100% to 200%, with a cycle peak between $220,000 to $330,000. Bitcoin continues to exhibit strong cyclical volatility, contradicting the belief that its price swings are softening over time. Over $4 billion in BTC has been moved by long-term holders, warning of a price correction. Analysis from Bitcoin (BTC) researcher Sminston With implied that a BTC price peak is still 100% to 200% away from current prices. In a recent X post, With shared a Bitcoin price chart using a…
Katana, a new decentralized finance (DeFi)-focused blockchain incubated by industry heavyweights Polygon and GSR, shared on Wednesday that its private mainnet has gone live. The new layer-2 blockchain will unify “all liquidity in a set of protocols and collect yield from all potential sources,” the team shared in a press release sent to CryptoX. Katana’s goal is “to power a self-sustaining DeFi engine for long-term growth,” it said. Marc Boiron, the CEO of Polygon Labs, told CryptoX that Katana emerged to address DeFi fragmentation, where digital assets are distributed across…
Conduit, a cross-border payments company based in Boston, has raised $36 million in a Series A funding round led by Dragonfly and Altos Ventures. The capital will go to scale its payment system and expand currency offerings across fiat and stablecoins. Conduit markets its payment system as an alternative to the messaging network SWIFT, or Society for Worldwide Interbank Financial Telecommunications. Banks have relied on the SWIFT protocol to process wire transfers since the 1970s. Conduit claims its platform offers a modern alternative, enabling near real-time cross-border settlements by combining…
Wednesday morning U.S. hours saw a modest acceleration in crypto’s pullback from the recent big move higher, with bitcoin stumbling nearly 2% to just above the $107,000 level. Altcoins fared worse, with XRP , solana and dogecoin among those sporting declines in the 3%-5% range. Among crypto-related stocks, the bitcoin miners were hardest hit, with MARA Holdings (MARA), Riot Platforms (RIOT) and Hut 8 (HUT) each lower by nearly 10%. Bitcoin treasury companies were also showing sizable losses, led by GameStop (GME), down 11% after announcing the purchase of just…
📰 Guayaquil Makes History With the First Bitcoin Mining Event in Ecuador By: Arley Lozano – Coverage Date: May 22, 2025 Location: Paseo del Río Conference Center, Guayaquil, Ecuador On May 22, Guayaquil witnessed the first-ever Bitcoin mining event in Ecuador — a historic day that brought together enthusiasts, experts, and entrepreneurs from the crypto […] Source CryptoX Portal
The futures and options market, a proxy for big money, is increasingly backing ether over bitcoin in a major market shift. Bitcoin, the leading cryptocurrency by market capitalization, recently reached record highs of over $ 110,000. According to CoinDesk data, the cryptocurrency has gained over 16% this year, drawing strength from the macroeconomic factors and persistent inflows into the spot bitcoin exchange-traded funds. Meanwhile, ether has dropped 20% this year despite its parent blockchain, Ethereum, maintaining its pole position in the decentralized finance (DeFi) and tokenization markets. The performance gap,…
Ugandan law enforcement has arrested Phineous Biira, a suspect in the abduction of crypto educator Festo Ivaibi on May 17. Suspect Has Criminal Record Ugandan law enforcement has arrested one of the suspects involved in the abduction crypto trader and educator Festo Ivaibi on May 17. The arrest occurred after forensic experts traced the stolen […] Source CryptoX Portal
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR). Since the start of this month, a growing divergence has emerged between bitcoin and bitcoin-HODLer Strategy (MSTR). While bitcoin has climbed approximately 13%, nearing the $110,000 mark, MSTR shares have slipped 3%, trading around $372. This performance gap has become more pronounced since mid-May and raises questions about market sentiment toward the company that pioneered the bitcoin treasury strategy for corporations. Despite playing a leading role in this movement, Strategy’s stock has not mirrored bitcoin’s latest rally. One…