Category: CryptoX News

TrueUSD’s (TUSD) zero-fee trading campaign on Bitci amid Turkish stablecoin adoption surge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. TrueUSD (TUSD) has joined efforts with Bitci to offer various stablecoin campaigns, including a zero-fee trading campaign that offers users an opportunity to trade TUSD without fees.  This initiative offers a zero-fee trading promotion for the TUSD/TRY trading pair, making it an attractive time for traders and stablecoin users to engage with the cryptocurrency. Türkiye’s crypto market booms; TUSD’s trading campaign on Bitci exchange Türkiye has become a notable…

PEPE soars amid Ethereum ETF optimism as new memecoins prepare to rise

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Pepe price surges on positive Ethereum ETF news, while Galaxy Fox (GFOX) gains traction as a low-cap memecoin on Ethereum. The crypto market experienced a boom at the start of this week, fueled by positive Ethereum ETF news. According to Bloomberg ETF analysts, the odds of a spot Ethereum ETF approval have increased from 25% to 75%.  This news sparked a frenzy in the altcoin market, particularly for those…

Farcaster Secures $150M in Funding, Reaches $1B Valuation With Backing From Paradigm

Farcaster, a decentralized social media platform leveraging the Ethereum blockchain and Optimism’s Layer two ecosystem, has successfully raised $150 million in a funding round led by Paradigm, bringing its valuation to $1 billion. The funds will be used to sustain the project’s development, focusing on growing its user base and enhancing developer tools, after the […] Source CryptoX Portal

Early Crypto Adopter: Unmatched Privacy of ZK Proofs Outweighs the Technology’s Perceived Disadvantages

Although zero-knowledge (ZK) proofs are often considered complex to set up, Iva Wisher, co-founder of the Layer two platform Prom, argues that the technology’s unparalleled privacy, faster transaction finality, and overall efficiency outweigh any developmental complexity. Wisher, an early adopter of cryptocurrency, acknowledges that the industry is currently working to address usability concerns associated with […] Source CryptoX Portal

Will XRP Price Hold 100 SMA and Trigger a Fresh Increase?

XRP price extended its increase above the $0.5450 resistance. The price is now correcting gains and might remain strong above the 100-hourly SMA. XRP extended its increase above the $0.5450 resistance zone. The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5330 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is correcting gains, but there could be a fresh increase unless there is a close below the 100-hourly SMA.…

Tether mints $1 billion USDT on Ethereum, forecasting an ETF approval

Tether minted on Tuesday $1 billion USDT tokens on the Ethereum blockchain, capitalizing on growing hype around a potential spot Ethereum ETF approval. The market upswing was driven by hopes that the U.S. Securities and Exchange Commission (SEC) will approve a spot Ethereum (ETH) ETF for trading this Thursday.  Whale Alert first reported the minting on Tuesday, which was replied to and confirmed by Tether CEO Paolo Ardoino, who wrote, “PSA: 1B USDt inventory replenish on Ethereum Network. Note this is an authorized but not issued transaction, meaning that this…

Trump campaign now accepting crypto donations, a first for major party nominees

Former President and Republican frontrunner Donald Trump and his campaign announced on Tuesday it will start accepting cryptocurrency donations. This marks the first time a major American political party is embracing digital currencies for campaign donations.  The Trump campaign introduced a fundraising page that allows federally permissible donors to contribute using any cryptocurrency that is accepted on the Coinbase platform. This can be seen as a sign of Trump’s growing acceptance of financial technology, and his continued stance of lowering government control over individual financial decision-making. Trump’s new stance contrasts…

Jupiter Exchange launches Giant Unified Market initiative

Jupiter Exchange launched the Giant Unified Market (GUM) initiative to combine different types of investments into one market on the Solana blockchain. The GUM Alliance aims to bring together investments like meme coins, real-world assets, stocks, and forex into a single market, making trading between them easier and more direct. The alliance, comprised of leading teams in asset handling, liquidity, and distribution, plans to add more types of investments to Solana (SOL), ensuring the markets have enough cash flow to operate smoothly and integrating the markets into Jupiter’s platform to…

DOJ Captures Alleged ‘Architect’ of Darknet Marketplace Incognito

According to the U.S. Department of Justice (DOJ), the operator of the darknet marketplace Incognito was apprehended at John F. Kennedy Airport on May 18. Law enforcement officials claim Rui-Siang Lin allegedly constructed the DNM and facilitated the sale of over $100 million worth of illegal drugs through the platform. Federal Authorities Nab Alleged Darknet […] Source CryptoX Portal