Category: CryptoX News

XRP Futures Rack Up $1.5M Trading Volumes on CME Debut

XRP futures contracts began trading on CME Group’s derivatives platform on May 19, recording at least $1.5 million in trading volume during the first session, a modest but notable debut for the major token. CME data shows 4 standard contracts (each representing 50,000 XRP) traded on day one, totaling around $480,000 in notional volume at an average price of $2.40. The majority of activity came from 106 micro contracts (2,500 XRP each), accounting for over $1 million in additional volume. The contracts are cash-settled and benchmarked to the CME CF…

Ripple Expands in UAE With License Powering Blockchain Payment Surge

Ripple is revolutionizing cross-border finance in the UAE, launching with Zand and Mamo just months after securing groundbreaking regulatory approval, unleashing real-time blockchain-powered payments. Ripple Payments Gains First Major Foothold in UAE with Zand and Mamo Integration Ripple announced on May 19 that Zand Bank and Mamo have become the first customers in the United […] Source CryptoX Portal

Binance wants arbitration for all members of securities class suit

Crypto exchange Binance has asked a US federal judge to send all members of a class-action lawsuit alleging it sold securities to arbitration, arguing that the group waived their ability to form a class action under the company’s terms. The exchange said in a May 16 filing to a New York federal court that its terms of service, which it claimed the class group agreed to, has a clause that users agree to arbitrate all claims, along with a clause preventing users from launching class actions against the crypto exchange.…

Coinshares: 2025 Inflows Hit $7.5 Billion As Digital Assets Record 5th Consecutive Week of Inflows

Digital asset investment products saw $785 million in inflows last week, fully reversing losses from early 2024. Ethereum led the charge with $205 million in fresh capital, buoyed by technical upgrades and leadership momentum. Ethereum Leads $785 Million Inflows As Digital Asset Sentiment Rebounds Crypto investment products recorded $785 million in inflows last week, marking […] Source CryptoX Portal

XSGD Stablecoin by StraitsX, With 8B On-Chain Transactions, Launches on XRP Ledger

Crypto infrastructure provider StraitsX debuted its Singapore dollar-pegged stablecoin, XSGD, on the XRP Ledger (XRPL) to cater to growing demand for regulated multi-chain stablecoins supporting real-time cross-border payments. Digital asset developers, fintechs firms and financial institutions can use XSGD to conduct cross-border transactions, settle transactions on-chain and create programmable financial flows. XGSD is being powered by XRPL, a decentralized public blockchain from Ripple. StraitsX, a major payment institution licensed by the Monetary Authority of Singapore, began issuing XSGD in 2020. The stablecoin pegged to the Singapore dollar is fully backed…

Stocks flat as Moody’s downgrades U.S. credit, S&P 500 rally stalls

U.S. stocks were little changed Monday as investors reacted to Moody’s Ratings stripping the U.S. of its last triple-A credit grade and lawmakers advancing a tax bill expected to add significantly to federal deficits. The S&P 500, coming off a five-day winning streak, rose slightly, while the Nasdaq Composite rose 0.01%. The Dow Jones Industrial Average rose 0.3%, with support from a rebound in UnitedHealth Group shares. Moody’s late Friday downgraded U.S. debt to AA1, citing “persistent, large fiscal deficits” and higher interest costs.  The move came as the House Budget…

Chainlink CCIP Launches on Solana, Linking $19B in Assets

Chainlink’s CCIP is now live on Solana, enabling cross-chain transfers between Solana and major blockchains like Ethereum and BNB Chain. Chainlink’s Cross-Chain Protocol Goes Live on Solana Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is now operational on Solana, marking its first deployment on a non-Ethereum Virtual Machine (EVM) blockchain via the v1.6 upgrade. The integration aims […] Source CryptoX Portal

CFTC-Regulated Futures Begin Trading in U.S.

XRP futures started trading on the Chicago Mercantile Exchange’s (CME) derivatives platform on Monday, becoming the first regulated futures tracking the price of XRP in the U.S. Traders can trade two contract sizes: 2,500 XRP and 50,000 XRP, which will both be cash-settled and based on the SME CF XRP-Dollar Reference Rate, which tracks the price of XRP daily at 4:00 p.m. London time. CME already offers bitcoin , ethereum and solana futures as well as bitcoin and ethereum options. The Group’s SOL futures, which launched in mid-March, had only…

ROSE crypto dips 9% as Oasis sees bearish pressure

Oasis, the layer-1 blockchain with a production-ready confidential Ethereum Virtual Machine, saw its native token fall more than 9% as bearish momentum dragged the price to multi-month lows. The price of Oasis (ROSE) declined over 9% in the past 24 hours, trading at lows of $0.0314 as the broader crypto market turned negative. The losses have pushed the ROSE price down more than 22% over the past week. While the altcoin remains in the green on the monthly timeframe, up 68% since hitting lows of $0.019 on April 7, 2025,…

Bitcoin (BTC) Network Hashrate Rose Slightly in First Two Weeks of May: JPMorgan

The Bitcoin network hashrate rose 2% in the first two weeks of May to an average of 885 exahashes per second (EH/s), Wall Street bank JPMorgan (JPM) said in a research report Friday. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty. Miner profitability improved in May, as the price of bitcoin rose, and gross margins expanded, the bank said. The hashprice, a measure of daily mining profitability,…