Category: CryptoX News

Stablecoin and blockchain bills signal regulatory momentum

In this week’s episode of Byte-Sized Insight, on Decentralize with Cryptox, we break down a pivotal moment for US crypto legislation.  In a 66–32 procedural vote on May 19, the US Senate advanced the GENIUS Act, a landmark bill aimed at establishing a comprehensive regulatory framework for stablecoins. Meanwhile, across the Capitol, Representative Tom Emmer reintroduced the Blockchain Regulatory Certainty Act, backed by bipartisan support. Breaking down GENIUS The GENIUS Act — short for “Guiding and Establishing National Innovation for U.S. Stablecoins Act” — seeks to answer foundational questions around…

Is BTC price overheating at $111K?

Key takeaways: Bitcoin hit a new all-time high of $111,970 on May 22, but retraced to $110,700, with analysts noting mixed signals on market overheating. Funding rates and other metrics suggest a “healthy upward phase.” Bitcoin’s (BTC) price recorded a new all-time high of $111,970  on May 22. However, BTC price retraced shortly after to trade at $110,700 at the time of writing. Despite the correction, there are mixed signals about whether the price rally is overheated or whether this is a healthy pullback. Bitcoin “still not overheated” — analyst…

Cetus offers $6M bounty after $220M hack as Sui faces decentralization debate

Cetus is offering a $6 million white hat bounty in an effort to recover $220 million in stolen digital assets, while emergency responses from the Sui Network have raised concerns about decentralization. Sui-native decentralized exchange (DEX) Cetus was exploited for over $220 million worth of cryptocurrency on May 22. However, Cetus managed to freeze $162 million of the stolen funds shortly after. Cetus has since offered a white hat bounty of up to $6 million for the exploiter for returning the stolen 20,920 Ether (ETH), worth over $55 million, along…

Michigan lawmakers introduce new crypto bills covering state investments, mining, and CBDCs

Four new cryptocurrency-related bills were introduced in the Michigan legislature this week, covering public pension investments in crypto, mining, income tax exemptions, and restrictions on CBDC support. As of May 23, four new proposed legislations, House Bills 4510, 4511, 4512, and 4513, have been introduced in the Michigan legislature, marking a coordinated push to define the state’s approach to cryptocurrency. 🇺🇸 NEW: Four new Bitcoin bills were introduced today in Michigan today 1. Allowing State Retirement fund investment 2. Banning CBDCs, and other rights protections 3 + 4. Allowing Bitcoin…

Crypto Investor Drugged and Robbed in Fake Uber: ‘They Took the Majority of My Wealth’

A fake Uber driver abducted and drugged an American crypto investor, manipulated him into unlocking his phone, and drained his digital fortune before dumping him injured. Fake Uber Driver Drugged American Tourist and Stole Majority of His Crypto Portfolio In a chilling reminder of the real-world dangers crypto investors can face, American tourist Jacob Irwin-Cline […] Source CryptoX Portal

Democrats propose crypto ban for politicians, protest outside Trump’s memecoin gala

Just hours before President Donald Trump’s high-profile gala for holders of his memecoin, Democratic lawmakers moved to curb what they call rising “crypto corruption” in Washington. Led by Rep. Maxine Waters, 15 House Democrats introduced the “Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025.”  The bill would prohibit the president, vice president, members of Congress, and their immediate families from owning, promoting, or profiting from digital assets while in office.  Lawmakers would also be barred from holding crypto assets in ways that allow them to exert…

XRP Ledger Gets Its First MiCA-Regulated Euro Stablecoin

XRP Ledger enters the MiCA era with its first fully compliant euro stablecoin, unlocking institutional-grade euro payments, stablecoin utility, and real-world asset tokenization. MiCA-Compliant Euro Stablecoin Hits XRP Ledger Ripple shared on May 22 that Schuman Financial’s euro-backed stablecoin, EURØP, has become the first to launch on the XRP Ledger (XRPL) in full compliance with […] Source CryptoX Portal

Michigan lawmakers file 4 crypto bills on retiree funds, CBDCs, mining

Michigan lawmakers have introduced four crypto-related bills covering crypto mining, central bank digital currencies (CBDCs) and crypto in state retirement funds. Republican state Representative Bill Schuette introduced House Bill 4510 on May 21, which would amend Michigan’s Public Employee Retirement System Investment Act to allow the state treasurer, currently Rachael Eubanks, to invest in cryptocurrencies that have averaged a market cap above $250 million over the last calendar year. Bitcoin (BTC) and Ether (ETH) are the only cryptocurrencies that currently meet that threshold. The bill adds that any cryptocurrencies must…

XRP Futures Heat up as Nasdaq Welcomes XRPI and XRPT in Major ETF Debut

XRP just got a Wall Street upgrade as two powerful ETFs hit Nasdaq, giving traders unmatched access without the crypto hassle. Volatility Shares Launches XRP-Backed ETFs With Direct and 2x Exposure Volatility Shares introduced two new exchange-traded funds (ETFs) on May 22—XRPI and XRPT—marking a significant milestone for investors seeking streamlined access to XRP markets […] Source CryptoX Portal

Memecoin Moo Deng, MEW Surges After Robinhood Listing

Robinhood has added two Solana-based memecoins, Moo Deng and cat in a dog’s world , to its suite of cryptocurrencies available to trade for U.S. customers. Moo Deng, which is based on a baby pygmy hippo, has risen to a $230 million market cap this month after the meme went viral online in 2024. The token skyrocketed over 836% in May and jumped another 21% over the past 24 hours. Cat in a dog’s world, on the other hand, is a token based on cats, which launched in March 2024…