Category: CryptoX News

BounceBit Pilots BTC Trading Strategy With BlackRock’s BUIDL as Collateral

BounceBit, a crypto infrastructure provider using features from both centralized (CeFi) and decentralized finance (DeFi), has executed a bitcoin (BTC) derivatives trading strategy using BlackRock’s yield-generating tokenized money market fund, BUIDL, to enhance returns. The strategy, to be rolled out to institutions and retail users, consisted of two main components: a bitcoin basis trade, involving a long position in the spot market while shorting futures, and a short position in BTC put options, both collateralized by BUIDL tokens. The basis trade, also known as cash and carry arbitrage, alone generated…

Fireblocks Reveals 90% of Industry Participants Are Actively Engaging With Stablecoins

Blockchain infrastructure provider Fireblocks has released its ‘State of Stablecoins 2025’ report, highlighting the growing importance of stablecoins in modern payment systems. The report indicates that stablecoins accounted for nearly half of the transaction volume on the Fireblocks platform in 2024, demonstrating their essential role in the modernization of global payments. With over 300 banks […] Source CryptoX Portal

Vitalik Buterin proposes partially stateless nodes for Ethereum scaling

Ethereum co-founder Vitalik Buterin unveiled a proposal to preserve trustless, censorship-resistant access to Ethereum, even as the network scales.  On May 19, Buterin shared a post outlining how to make Ethereum’s layer-1 scaling “more friendly” to users running local nodes for personal use. The Ethereum co-founder highlighted the importance of independent users running nodes, saying that a market dominated by a few Remote Procedure Call (RPC) providers risks censorship.  RPC providers let wallets, users and apps interact with the blockchain without running their own nodes. Crypto wallets are usually connected…

Metaplanet Buys Another 1,004 Bitcoin, Lifts Holdings to Over $800M Worth of BTC

Tokyo-listed investment firm Metaplanet has purchased another 1,004 bitcoin (BTC) for approximately $104.3 million, bringing its total holdings to 7,800 BTC. The average purchase price for this latest tranche was $103,873 per bitcoin, according to a Monday disclosure. The company’s total bitcoin position, acquired at an average price of $91,300 per BTC, is now valued at just over $806 million based on current market prices. The move is part of Metaplanet’s long-term goal to reach 10,000 BTC by the end of 2025. It…

Ripple Hails Dubai’s Crypto Vision at Fintech Summit

Ripple reaffirmed its commitment to the global crypto ecosystem during the Dubai Fintech Summit, where Ripple President Monica Long engaged with Sheikh Ahmed bin Saeed Al Maktoum. Praising Dubai’s role in the digital economy, Long stated: “We continue to be impressed with the leadership demonstrated by Dubai as it establishes itself as one of the […] Source CryptoX Portal

Ethereum’s Market Rebirth: Cryptoquant Analysis Flags ETH vs. BTC Bottom

Ethereum may have reached a pivotal turning point against bitcoin, signaling the potential start of an “Alt season,” according to a recent Cryptoquant report. The ETH/ BTC price ratio surged 38% last week after hitting its lowest level since January 2020, with onchain data suggesting reduced selling pressure and growing institutional demand for ether. Breaking […] Source CryptoX Portal

Crypto’s Historic Moment: Senate Expected to Pass GENIUS Act This Week

A landmark U.S. Senate vote looms on the GENIUS Act, a game-changing bill set to redefine stablecoin regulation, supercharge dollar dominance, and electrify crypto innovation. Bullish Crypto Countdown: Historic Senate Vote on GENIUS Act Imminent U.S. Senators Bill Hagerty (R-TN) and Kirsten Gillibrand (D-NY) released statements on May 16 in Nashville expressing renewed support for […] Source CryptoX Portal

Latam Insights: Meliuz Purchases 274 BTC in Brazil; Argentine Wallets Face Potential Extinction

Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, Meliuz pioneers bitcoin as a corporate reserve asset in Brazil, Argentine crypto wallets face potential extinction, and Ripple launches a pilot to benefit Colombian farmers. Meliuz Purchases 274 BTC, Pioneering Bitcoin Treasury […] Source CryptoX Portal