Category: CryptoX News

Bitcoin remains unmatched as a global inflation hedge

Opinion by: Jupiter Zheng, Partner Liquid Fund at HashKey Capital Whenever Bitcoin falls in value, the narrative is always the same: It’s failing as a hedge against inflation. In the eyes of critics, Bitcoin is not the “digital gold” that so many others claim it to be. With gold hitting all-time highs, these critics have grown louder. If Bitcoin is an inflation hedge, they ask, why isn’t it also rallying as investors seek safety? Even in today’s bearish, high-inflation environment, the cardinal truth holds: Bitcoin is an inflation hedge —…

VeChain’s Sunny Lu Wants to Tokenize Sustainable ‘Human Behavior’ Like Driving a Tesla

When real-world assets (RWAs) finally became the crypto industry’s narrative du jour, Sunny Lu, the founder and CEO of VeChain, could only smile. “I mean, we were doing this back in 2017,” Lu told CoinDesk in an interview ahead of Consensus 2025 in Toronto. “Back then, no one cared about RWAs.” Back then—eons in crypto years—some of the projects VeChain was involved with were a dairy traceability project in China, working with Walmart China on food safety, and tokenizing carbon credits in 2018 with BYD as it was transforming from…

JPMorgan: Gold Could Reach $6,000 if This Shift Happens

Given the inelastic supply of gold, JPMorgan analysts believe the precious metal could reach prices of $6,000 per troy ounce by 2029. The bank stated that a shift of just 0.5% of U.S. assets held abroad into gold could send prices soaring. JPMorgan: Gold Might Soar to $6,000 by Trump’s Term End Gold, which has […] Source CryptoX Portal

Anchorage Digital Acquires USDM Stablecoin Issuer Mountain Protocol

Crypto bank Anchorage Digital has announced an agreement to acquire Mountain Protocol, the issuer of the USDM stablecoin. Expanding Anchorage’s Stablecoin Capabilities Anchorage Digital, federally chartered crypto bank in the U.S., has announced an agreement to acquire Mountain Protocol, the company behind the USDM stablecoin. The deal, which is still subject to regulatory approval, integrates […] Source CryptoX Portal

UAE’s Mbank Launches AED Crypto Conversion

Mbank and Changer.ae have launched a Dirham-based crypto conversion service, following approval from the UAE Central Bank to open a fully regulated AED escrow account. Secure and Regulated Dirham to Crypto Conversions The United Arab Emirates (UAE) integrated digital bank, Al Maryah Community Bank (Mbank), together with crypto custodian Changer.ae, has announced the launch of […] Source CryptoX Portal

SEC hacker once Googled ‘if I am being investigated by the FBI’

Eric Council Jr., the SIM swap hacker who helped compromise the Securities and Exchange Commission’s X account last year, made $50,000 performing similar attacks and even searched how to tell if the FBI is investigating him, recent filings show. The recent filing was part of the prosecutor’s request to sentence him to two years in prison over his role in the hack, which saw the SEC X account publish a false announcement that a spot Bitcoin exchange-traded fund was approved, shaking up the markets.  Council searched: “How can I know…

Uniswap Reaches $3 Trillion in Trading Volume, Creator Looks Ahead to $10 Trillion

Hayden Adams, the creator of the decentralized finance platform Uniswap, announced on social media that Uniswap has become the first decentralized exchange (DEX) to reach $3 trillion in trading volume. In his post, Adams expressed confidence that Uniswap will also be the first DEX to achieve $10 trillion in volume. He expressed gratitude to the […] Source BitcoincryptoexchangeExchanges CryptoX Portal

ZKsync X hacker posts false SEC probe in apparent effort to crash token

The X account of the Ethereum layer 2 network ZKsync and its developer Matter Labs were compromised early on May 13, with hackers falsely claiming the network was being probed by US authorities, among other scam messages. A ZKsync-related X account posted on May 13, confirming the accounts for ZKsync and Matter Labs were compromised, warning users not to interact after the accounts shared links to a fake airdrop in an apparent phishing scam. Other X users had warned the ZKsync X account was compromised. Source: pseudo The hacked ZKsync…

SEC Chair Pushes Clear Crypto Rules for Trading, Custody, and Issuance

The SEC is unleashing a new crypto era, vowing to ditch regulation-by-enforcement in favor of bold, crystal-clear rules that supercharge onchain innovation and market growth. SEC Chair Commits to Ending Policy by Enforcement With Clear Onchain Crypto Regulations U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins detailed his ambitious agenda for crypto asset […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Coinbase (COIN) Shares Jump 8% Post-Market on S&P 500 Inclusion

Crypto exchange Coinbase (COIN) surged over 8% on Monday after market closing on news that the stock will be included in the broad-market S&P 500 stock index. The company would replace Discover Financial starting on May 19, according to an S&P press release. Discover Financial is being acquired by Capital One. The S&P 500 tracks 500 of the largest publicly traded companies in the U.S. across several sectors, including tech, healthcare, finance and more. Prominent names in the index include Apple, Microsoft, Amazon and Google. COIN, at a market cap…