Category: CryptoX News

Here’s why altcoins like Stacks, Flare, Jasmy, and Dogecoin rising

Bitcoin and most altcoins rose on Wednesday as investors cheered the upcoming US-China trade talks. The market also reacted positively to a drop in crude oil prices ahead of the Federal Reserve’s interest rate decision. Bitcoin (BTC) rose to $97,000, its highest level since February, giving it a market cap of over $1.92 trillion. Top altcoins like Stacks (STX), Flare (FLR), JasmyCoin (JASMY), and Dogecoin (DOGE) jumped by over 3%.  The primary catalyst for the rally is the planned meeting between senior US and Chinese officials in Switzerland this weekend.…

Metaplanet Now Holds 5555 BTC With Another $53M Purchase

Key Notes Metaplanet acquired 555 more BTC for $53.4 million at an average price of $96,134. The firm has invested a total of $481.5 million into Bitcoin, averaging $86,672 per BTC. Its proprietary “BTC Yield” performance indicator jumped 309.8% in Q4 2024 and remains strong in 2025. May marks the first time Bitcoin has crossed the $96,000 level since February, breathing fresh life into institutional sentiment. Tokyo-listed Metaplanet has recently purchased an additional 555 BTC, bringing its total holdings to 5,555 BTC, worth over $536 million at current prices. The…

Ethereum’s Pectra Upgrade Goes Live, Targeting Scalability and User Experience

Ethereum’s Pectra upgrade, combining the Prague and Electra updates, went live at epoch 364032 on May 7, 2025, introducing 11 Ethereum Improvement Proposals (EIPs) to enhance scalability, security, and user experience. Pectra Upgrade Activates With 11 Key Enhancements The upgrade, activated at 6 a.m. Eastern time, focuses on validator efficiency, layer two (L2) scalability, and […] Source CryptoX Portal

Small Group of Traders Reportedly Made $99.6M From Pre-Launch Purchases of Melania Trump Memecoin

A Financial Times report has revealed that a small group of traders profited approximately $99.6 million by purchasing the Melania Trump memecoin, MELANIA, just minutes before its public announcement on January 19. In the two and a half minutes leading up to the launch, around two dozen digital wallets acquired $2.6 million worth of tokens, […] Source CryptoX Portal

Standard Chartered Bank Predicts $2,800 BNB by 2028

The bank’s analysis says that BNB trades like “an unweighted index” of bitcoin and ether “in terms of both returns and volatility.” Standard Chartered Forecasts BNB to Hit $2,800 Within Four Years Standard Chartered Bank, the $800-billion financial institution headquartered in London, England, published a research report on Tuesday predicting that BNB, the cryptocurrency powering […] Source CryptoX Portal

Bitwise seeks SEC approval for spot NEAR ETF

Bitwise Asset Management has filed for a spot Near ETF with the United States Securities and Exchange Commission.  According to a May 6 Form S-1 filing, the proposed Bitwise NEAR ETF is designed to give investors direct exposure to the price of the NEAR token by holding actual NEAR tokens in custody. NEAR is the native token of the Near Protocol, a layer-1 blockchain known for its high throughput and energy-efficient proof-of-stake consensus mechanism. Originally launched in 2020, Near was developed to tackle the blockchain trilemma of scalability, security, and…

Movement Labs Terminates Founder Rushi Manche After CoinDesk Expose

Shaurya is the Co-Leader of the CoinDesk 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…

Bitcoin must hold above $95K or face short-term rejection: Bitfinex

Key takeaways: Bitcoin must maintain above $95,000 to have a chance at retesting its $109,000 all-time high; failure to hold could lead to a deeper correction, crypto analysts warn. Several crypto analysts told Cryptox in March that Bitcoin may have a chance of reaching new all-time highs in June. The upcoming Federal Reserve decision on May 7 could influence Bitcoin’s price movement over the coming days. Bitcoin needs to continue to hold above the $95,000 level for a chance to climb back and retest its all-time high, or face an…

US Dollar Supremacy Is Cracking as Erosion Deepens, Devere Warns

Global finance is entering a transformative phase as the U.S. dollar’s supremacy unravels, opening explosive opportunities for emerging currencies and signaling a seismic portfolio realignment. Devere CEO Warns: The US Dollar’s Era of Unquestioned Power Is Slipping Away Financial advisory firm Devere Group CEO Nigel Green cautioned on May 5 that global investors are dangerously […] Source CryptoX Portal

Jumps Above $97K on Tariff Talk Optimism

A thawing in the trade stance from both the U.S. and China has sent risk assets higher in the hours since the U.S. stock market closed on Wednesday. “The current tariffs and trade barriers are unsustainable, but we don’t want to decouple,” said U.S. Treasury Secretary Scott Bessent, disclosing plans to travel to Switzerland to meet with Chinese counterparts for trade talks this coming weekend. “Senior U.S. officials have made a series of remarks hinting at adjustments to tariffs and have expressed, through various channels, a desire to engage with…