Category: CryptoX News

Bitcoin realized cap surges, bullish trend likely to hold

Bitcoin is showing renewed strength as on-chain data and macro conditions align to support a bullish outlook.  According to a May 13 post on the Bitfinex Alpha blog, the realized market cap of Bitcoin (BTC) has reached $889 billion after rising 2.1% in the past 30 days. The realized cap values each coin at the price at which it was last moved, unlike the regular market cap, which multiplies the current price by the total supply.  This approach better captures ongoing buying interest and more accurately represents the actual capital…

eToro to debut on Nasdaq in $620M upsized IPO deal

Trading platform eToro is set to raise nearly $620 million in its U.S. Initial Public Offering, after pricing shares above the marketed range ahead of its May 14 Nasdaq debut. According to a May 13 press release, eToro, alongside existing shareholders, will sell 11.92 million shares at $52 apiece. This is well above the originally marketed range of $46 to $50 and up from the 10 million shares initially planned. The offering gives the company a valuation of about $4.3 billion, or nearly $5 billion on a fully diluted basis.…

Bonk crypto eyes bounce as bulls buy amid 12% dip

Bonk is among the altcoins that saw a significant price dip early Tuesday as profit taking dented bulls’ momentum. The Bonk (BONK) crypto had jumped to highs of $0.0000256 as Bitcoin (BTC) broke to above $105k amid a U.S.-China trade deal announcement. But the flagship digital asset pared some of the gains and major altcoins followed suit. Bonk price slipped to lows of $0.0000209, with the Solana memecoin plummeting by more than 12%. The action mirrored other trending Solana meme coins and the broader crypto market. Notably, Bitcoin hovered near…

DeFi Development Corp. Acquires $23.6 Million in Solana, Expanding Total Holdings to 595,988 SOL

DeFi Development Corp. (Nasdaq: DFDV) announced the acquisition of 172,670 solana ( SOL) tokens at an average price of $136.81, totaling approximately $23.6 million, marking the company’s largest purchase of solana to date and its tenth acquisition under its digital asset treasury strategy. Following this transaction, DeFi Development Corp. now holds a total of 595,988 […] Source CryptoX Portal

Coinbase CEO: Crypto Is About to Be in Everyone’s 401(k)

Crypto is storming into traditional finance as Coinbase’s CEO predicts 401(k) adoption, institutional momentum surges, and digital assets reshape retirement investing and market benchmarks. Crypto Crashes the 401(k) Party With Unstoppable Institutional Force Institutional momentum and the integration of cryptocurrencies into traditional financial frameworks are steadily transforming how digital assets are evaluated by both regulators […] Source CryptoX Portal

Nonprofit Infinite Node Takes Stewardship of Cryptopunks’ IP From Yuga Labs

The Infinite Node Foundation (NODE), a nonprofit focused on conserving digital art, has acquired full intellectual property rights to the iconic Cryptopunks collection from Yuga Labs, securing long-term stewardship for the pioneering non-fungible tokens (NFTs). New Era for Cryptopunks as Infinite Node Foundation Secures Full IP Rights Founded in 2017 by Larva Labs, Cryptopunks revolutionized […] Source CryptoX Portal

Cantor Equity Partners (CEP) News: 4,812 Bitcoin Purchased

Cantor Equity Partners (CEP) disclosed a $458.7 million bitcoin BTC$104,587.91 acquisition as part of a pending merger with Twenty One Capital, the BTC-focused investment vehicle backed by Tether, Bitfinex, and SoftBank, according to a regulatory filing on Tuesday. The transaction is structured through a complex business combination involving Tether Investments, the El Salvador affiliate of stablecoin issuer Tether, and iFinex, the parent company of Bitfinex, the filing shows. As part of the deal, Tether purchased some 4,812 BTC at an average price of $95,319, with the tokens held in escrow…

Tether Shatters $150 Billion Milestone Outmuscling Rivals by Billions

According to data retrieved from Tether’s reserves portal, the stablecoin behemoth has officially surpassed the $150 billion threshold for the first time on record. Tether’s Net Circulation Swells Past 150B as It Widens Lead USDT, Tether’s U.S. dollar-linked token, holds the title of the largest fiat-referenced digital asset by market capitalization. This week, the firm’s […] Source CryptoX Portal

VanEck to launch its first RWA tokenization fund

Investment firm VanEck is launching a tokenized real-world asset (RWA) fund that offers exposure to US Treasury bills, developed in partnership with tokenization platform Securitize. The initiative places VanEck among a growing number of traditional finance firms entering the RWA tokenization space. The fund, called VBILL, will be initially available on Avalanche, BNB Chain, Ethereum and Solana blockchains, VanEck said in a May 13 statement. The fund’s minimum subscriptions start at $100,000 for investments running on Avalanche, BNB Chain, and Solana, while the minimum subscription on Ethereum is $1 million.…