Despite the geopolitical tensions from the U.S. trade war causing a decline in most liquid tokens, venture capitalists continued to focus on the core utility of cryptocurrencies, particularly stablecoins. VCs’ Growing Positive View of Stablecoins Although the geopolitical tensions sparked by the U.S. trade war resulted in a quarter-long giveback of gains across most liquid […] Source CryptoX Portal
U.S. stocks opened mixed on Friday, with the S&P 500 looking to clock a fifth consecutive day of gains. As markets opened for the final trading session of the week, Wall Street saw the S&P 500 rise 0.1% to hover near 5,920. The benchmark index, which has posted four straight days of gains, could notch a fifth consecutive win to bolster investor confidence. The S&P 500 is up 4.5% over the past week. Notably, it continues to rally after erasing all of its 2025 losses. The Dow Jones Industrial Average…
De-dollarization is exploding across Eurasia as 93% of EAEU trade now flows through national currencies, signaling a decisive pivot from the U.S. dollar and reshaping global finance. Russia Says 93% of EAEU Trade Now in National Currencies as Dollar Use Crumbles A rising trend of de-dollarization is reshaping trade across Eurasia, as national currencies increasingly […] Source CryptoX Portal
Ripple is unleashing the XRP Ledger to revolutionize Colombia’s farming economy, powering traceability, sustainability premiums, and microfinance access for smallholder farmers. Ripple Leverages XRP Ledger to Support Colombian Farmers With Blockchain and Microfinance Ripple announced on May 15 the launch of its second pilot this year with Mercy Corps Ventures, working in partnership with traceability […] Source CryptoX Portal
Hong Kong police arrested 12 people involved in a cross-border money laundering scheme that relied on crypto and over 500 stooge bank accounts to launder HK$118 million ($15 million), local news outlets reported. The syndicate was dismantled on May 15, resulting in the arrest of nine men and three women in mainland China and Hong Kong. The suspects allegedly recruited others to open bank accounts to receive proceeds from fraud cases, which were then converted into crypto at crypto exchange shops to launder the illicit funds, Hong Kong Commercial Daily…
In the first quarter of 2025, Solana’s blockchain protocol recorded its strongest performance in a year, with total application revenue rising to $1.2 billion. January was particularly notable, accounting for nearly 60% of the quarter’s total revenue. Pump.fun Top Revenue Generator in Q1 for Solana Apps In the first quarter of 2025, the blockchain protocol […] Source CryptoX Portal
This content is provided by a sponsor. Lightchain AI, a pioneering blockchain project integrating artificial intelligence, has announced the official launch of its mainnet in July 2025. This milestone will introduce a decentralized AI marketplace, enabling creators and companies to leverage the Lightchain Protocol’s Global Model, known as the Artificial Intelligence Virtual Machine (AIVM). Join […] Source CryptoX Portal
On Friday, credit rating agency Moody’s downgraded the United States’ long-term credit rating from Aaa to Aa1, pointing to a decade of mounting debt and escalating interest payment pressures. The development lands amid intensifying recession concerns, turbulent trading conditions, and disjointed activity across bond markets. Triple-A No More—Moody’s Strips U.S. of Top Rating Amid Exploding […] Source CryptoX Portal
Despite the slight pullback in the crypto market, the NFT sector continues to pump, with sales volume jumping by 17.16% to $130.7 million. According to data from CryptoSlam, market participation has rebounded strongly, with NFT buyers increasing by 138.96% to 259,264. Also, NFT sellers grew by 98.69% to 137,347. NFT transactions have slightly decreased by 1.14% to 1,498,668. As per CoinMarketCap data, Bitcoin (BTC) has dropped to the $103,000 level after hitting $105,000. At the same time, Ethereum (ETH) has shown a 7% recovery in the last seven days and…
HONG KONG, May 16, 2025 /PRNewswire/ — Pharos Network, a high-performance blockchain built for real-world assets (RWAs), announced the launch of its Testnet. Designed for institutional-grade RWAs and enterprise-scale DeFi, Pharos offers a next-generation, modular infrastructure that addresses the key bottlenecks preventing institutions from entering Web3. The platform powers scalable deployment of decentralized applications, enables efficient payment solutions, and unlocks new use cases for tokenized assets. The Pharos Testnet achieves up to 30,000 transactions per second with one-second finality, setting a new benchmark for Layer 1 blockchain performance. Its GPU-like architecture…