Category: CryptoX News

S&P 500 ends higher while Dow slips, tariff relief boosts tech stocks

U.S. stock markets closed mixed on Wednesday as investors extended a rally sparked by easing trade tensions between the U.S. and China.  The S&P 500 edged up 0.1%, the Nasdaq rose 0.57%, and the Dow Jones Industrial Average declined 0.21%. Technology stocks drove the gains. Nvidia climbed over 3% after announcing it would send 18,000 AI chips to Saudi Arabia. AMD gained more than 4% following a $6 billion share buyback. The Nasdaq is now up more than 6% this week, while the S&P 500 and Dow have gained 4%…

EToro (ETOR) Stock Surges 29% on First Day of Trading After IPO

Shares of eToro climbed nearly 29% in their debut on the Nasdaq exchange after going public at a roughly $4.2 billion valuation on Tuesday. Stock indexes saw mixed results on Wednesday, with the S&P 500 and Nasdaq trading higher and the Dow Industrials lower. Bitcoin (BTC) drifted modestly lower to $103,400.. EToro had sold nearly 6 million shares for its IPO at $52 each, much higher than its initially marketed range and raising about $310 million. The stock and crypto trading platform became the first company to resume plans to…

XRP takes real step into DeFi with Flare’s FAssets upgrade

Flare rolls out an alternative way to give XRP DeFi capabilities, without the risks of traditional blockchain bridges. Flare (FLARE) has launched a major upgrade that will enable traders to use real XRP (XRP) tokens in DeFi. On Wednesday, May 14, Flare launched its FAssets on Songbird, bringing non-smart contract assets to DeFi, according to a note shared with crypto.news. The network will allow users to perform complex DeFi operations with assets such as Bitcoin (BTC) and Dogecoin (DOGE). The first asset that will be available on the platform is…

$1.2B In Ethereum Withdrawn From CEXs – Strong Accumulation Signal

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum is gaining momentum again after tagging the $2,739 level and setting a new local high, reaching prices not seen since late February. The rally marks a strong comeback…

Stablecoins Bring ‘Meaningful Innovation for Global Payments,’ Executive Says

Stablecoins are shifting from tools for crypto traders to the backbone of global finance and represent a “meaningful innovation for global payments,” Jack McDonald, senior vice president of stablecoins at Ripple, said on Wednesday at Consensus 2025 in Toronto. Speaking at a recent panel alongside crypto exchange Kraken’s head of consumer Mark Greenberg, McDonald argued the rise of stablecoins marks an “evolution” in how money moves globally. “It’s an alternative way of making a U.S. dollar payment, but doing it in a frictionless, cost-effective way,” he said. Ripple’s entry into…

JPMorgan’s Kinexys, Chainlink, Ondo Finance Demo Atomic DvP Settlement for Real-World Assets

Chainlink, JPMorgan’s blockchain unit Kinexys, and Ondo Finance have completed the first cross-chain Delivery versus Payment (DvP) transaction on Ondo Chain’s testnet, integrating traditional bank payment rails with tokenized asset markets. First Cross-Chain DvP The transaction, according to the release sent to Cryptox.trade News, settled Ondo Finance’s tokenized U.S. Treasuries Fund (OUSG) using JPMorgan’s permissioned […] Source CryptoX Portal

Top South Korean presidential hopefuls support legalizing Bitcoin ETFs

South Korea could soon follow Hong Kong in legalizing spot Bitcoin exchange-traded funds (ETFs), as the country’s top presidential candidates have expressed pro-crypto positions. Still, some industry observers remain cautious about the likelihood of near-term regulatory change. “All three major South Korean presidential candidates support #Bitcoin ETFs and institutional investment,” Ki Young Ju, the founder and CEO of onchain data platform CryptoQuant, wrote in a May 14 X post. Currently, Bitcoin ETFs and institutional crypto investments are banned in South Korea, meaning that “100% [of the] volume comes from retail,”…

Ripple, Dogecoin Bets Surge in Sign of Speculative Froth

Shaurya is the Co-Leader of the CryptoX tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook…

Bullish Exchange and Gibraltar to Develop Regulatory Framework for Crypto Derivative Clearing

Cryptocurrency exchange Bullish has announced a partnership with the Gibraltar Government and the Gibraltar Financial Services Commission (GFSC) to develop the world’s first regulatory framework for the clearing and settlement of derivative contracts settled in virtual assets. This initiative aims to enable crypto derivative contracts to be cleared and settled in virtual assets by a […] Source CryptoX Portal