Category: CryptoX News

Watch Out Bitcoin Bulls, $99.9K Price May Test Your Mettle

The recent bitcoin (BTC) price rally above $90,000 might have some holders eyeing a run to a new record topping the $109,000 hit in January. However, the path higher may not be so straightforward. The latest analysis by Glassnode shows potential for increased selling pressure from some groups of market participants at around $99,900. For a start, long-term holders — defined by Glassnode as wallets that have held coins for at least 155 days — may take profits at $99,900. This aligns with their historical behavior of selling at price…

COTI Selected by ECB to Help Develop Digital Euro Technology

The European Central Bank has selected COTI as a Pioneer Partner for its central bank digital currency (CBDC) initiative. The selected partners are tasked with demonstrating the technical implementation of a conditional payments system before the CBDC’s launch. Digital Euro Launch Set for Early 2026 COTI, an Ethereum confidentiality layer, has been selected by the […] Source CryptoX Portal

Latam Insights Encore: I’m Convinced: Bukele Outsmarted the IMF, Even if We Don’t Know How

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how President Nayib Bukele has continued to purchase bitcoin, complying with the IMF policies of non-bitcoin accumulation established in their credit facility deal. Latam Insights Encore: Bukele Outsmarted The IMF While […] Source CryptoX Portal

U.S. Crypto Market Structure Bill Unveiled by House Lawmakers

Crypto’s big show in the U.S. Congress has been unveiled in the form of a discussion draft of legislation that would establish for the first time a comprehensive domestic regime for regulating digital assets. The House Financial Services Committee and House Agriculture Committee — both sharing responsibility for the jurisdiction-hoping assets — released a working draft of a bill on Monday that Representative French Hill, chairman of the financial-services panel, said can deliver “much-needed regulatory clarity.” “Today marks the first step in advancing a comprehensive framework that protects consumers, fosters…

Ripple Launches First-of-Its-Kind $25M RLUSD Fund to Support US Education

Ripple unleashes a $25 million RLUSD initiative to uplift U.S. education, delivering digital asset-powered classroom support and driving transformative impact for students and educators nationwide. Ripple Pledges $25M in RLUSD to Support US Educators Ripple announced on May 5 a $25 million education initiative in collaboration with Donorschoose and Teach For America, pledging support for […] Source CryptoX Portal

Vaneck Files With SEC to Launch BNB-Backed ETF

Digital asset manager Vaneck has filed with the U.S. Securities and Exchange Commission (SEC) to launch the first U.S.-listed exchange-traded fund (ETF) offering direct exposure to BNB, the native cryptocurrency of the BNB Chain. BNB Enters ETF Arena With New Vaneck Filing On May 2, 2025, Vaneck Digital Assets, LLC submitted an S-1 registration statement […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Vitalik Buterin says rollups must prove security before decentralizing

Ethereum co-founder Vitalik Buterin has explained when he believes rollup-based layer-2 platforms should go decentralized, and why “as soon as possible” is not the correct answer. In a May 5 X post, Buterin explained that there is a right time for rollup-based scalability solutions to transition to a decentralized model. This moment depends on how low the proof system’s failure probability has fallen compared with the risks introduced by centralization. Buterin’s thread came in response to a separate post by decentralized exchange Loopring founder and CEO Daniel Wang. Wang explained…

5 major stablecoins are growing crypto adoption

Increasing institutional interest and moves toward legal frameworks for stablecoins have seen the space grow, with five major projects slated to expand the market in the near future. In the EU, the Markets in Crypto-Assets (MiCA) regulatory package is in full force and has given stablecoin issuers clear guidelines by which they can enter European markets. In the US, the STABLE Act and the GENIUS Act, which would provide rules for stablecoins, are making their way through Congress.  As a result, major payments firms like Mastercard and Visa are stepping…

$8.8 Billion Blockchain Hub: A Game-Changer for Maldives’ Economy?

MBS Global Investments, based in Dubai, plans to invest $8.8 billion over five years to establish a blockchain and digital asset hub in the Maldives. This initiative aims to diversify the country’s economy, which currently relies heavily on fishing and tourism. Diversifying the Maldives’ Economy The Dubai-based MBS Global Investments is reportedly set to pour […] Source CryptoX Portal

US Bitcoin ETFs bought 6x more than BTC miners produced last week

Spot Bitcoin exchange-traded funds (ETFs) in the United States bought up nearly six times as many Bitcoin as were produced by miners over the last week. The US-based Bitcoin (BTC) funds bought a whopping 18,644 Bitcoin over the past week when only 3,150 BTC were mined for the period, reported asset allocator HODL15Capital on May 4. This accumulation by institutions and ETF issuers represents almost six times the amount of the asset being produced since miners only generate 450 coins per day.   The total inflow for the past five trading…