Category: CryptoX News

Stocks continue to recover from ‘Liberation Day’ selloffs, S&P 500 on track for major winning streak

S&P 500 has recovered back to the levels before ‘Liberation Day’, and is on track for nine consecutive days of gains. Stock indices are continuing their upward momentum, as traders reassess their recession expectations. On Friday, May 5, the Dow Jones Industrial Average was trading at 41,354.53, up 601.57 points or 1.48% from market open. The tech-heavy Nasdaq was up 1.56% or 277.15 points, trading at 17,987.89. At the same time, the S&P 500 rose 1.47% to 5,686.80, continuing its winning streak. If the S&P 500 closes higher today, it…

How Kraken Outsmarted North Korean Hacker Posing as Job Applicant

Kraken’s security team thwarted a sophisticated infiltration attempt by a North Korean hacker posing as a job applicant. By carefully advancing the candidate through its recruitment process, Kraken identified a larger network of fake identities tied to state-sponsored cyberattacks. Fake IDs, VPNs, and Github: Inside Kraken’s Hunt for a State-Sponsored Hacker In a striking example […] Source CryptoX Portal

MEV Reduction and Fair Sequencing Debut on Unichain

Unichain became the first layer two (L2) blockchain to deploy trusted execution environment (TEE)-based block building, aiming to enhance transaction transparency and fairness while mitigating malicious MEV practices. First-of-Its-Kind TEE Tech Reshapes L2 Transaction Ordering The upgrade, developed by Uniswap Labs and Flashbots, leverages Rollup-Boost to sequence transactions within a secure TEE, enforcing priority-based ordering […] Source CryptoX Portal

Public Firm Freight Tech Adds Trump’s Meme Coin to Its Balance Sheet

A micro-cap logistics firm, Freight Technologies, Inc., disclosed this week its intention to acquire the official TRUMP meme coin and retain it as a treasury reserve asset on its balance sheet. Logistics Meets Memes: Freight Tech Embraces Official TRUMP Coin In an unconventional twist on the bitcoin treasury strategy adopted by firms like Strategy (formerly […] Source CryptoX Portal

Most shops in Cannes to accept crypto by summer this year — Web3 exec

Merchants in Cannes, France, the site of the international Cannes Film Festival, are set to begin accepting crypto payments by summer this year in an effort to attract clientele with high disposable income by modernizing the city’s commercial payment ecosystem. According to Artem Shaginyan, founder and head of strategy of Web3 payment company Lunu Pay, the Cannes municipal government is aiming for a 90% adoption rate among local merchants. The executive also told Cryptox: “This is a big signal. When a city like Cannes, known globally for culture and commerce,…

The SEC Can Learn From the IRS in Making Regulation Simpler for Crypto

In February, the Department of Government Efficiency (DOGE) began soliciting public input pertaining to the U.S. Securities and Exchange Commission (SEC) — a move suggesting reform at the agency is imminent. Since then, the SEC, in line with President Trump, has taken a far less adversarial stance towards the cryptocurrency industry, as evidenced by the appointment of crypto-friendly personnel and the abandonment of numerous lawsuits and investigations into crypto companies. But DOGE has the potential to implement further change, and interest in the SEC signals growing pressure towards regulators to…

CoinDesk Recap: Movement’s Very Bad Week

This week, bitcoin climbed steadily to reach nearly $100K, amid hopes for a China-U.S. trade and better macroeconomic conditions ahead. Institutions like Mastercard and BlackRock made important digital asset announcements. An historic stablecoin bill neared completion in the U.S. Congress. (A former prime-mover in the House said to expect a “wicked hot summer” of legislation.) And the Trump Family continued to dominate the crypto news cycle, raising serious conflict-of-interest questions. At CoinDesk, however, the biggest story concerned Movement, a once-hot startup that now seems deeply troubled. Deputy managing editor Sam…

Texas lawmaker pushes for crypto ATMs in federal buildings

Texas Representative Lance Gooden has formally asked the General Services Administration to consider installing cryptocurrency ATMs in federal buildings across the United States.  Gooden cited the need to modernize public infrastructure and support a growing segment of Americans engaging with digital assets. In a May 1 letter to Acting GSA Administrator Stephen Ehikian, Gooden urged the agency to begin evaluating the feasibility of the initiative, emphasizing that such a move would “signal to the public that the government is embracing innovation in a secure and responsible manner.” The proposal aligns…

Crypto Daybook Americas: All Eyes on Jobs, Fed as Bitcoin Prepares for Breakout Rally

By Francisco Rodrigues (All times ET unless indicated otherwise) Markets seem bullish ahead of the jobs report due later Friday, with bitcoin (BTC) rising toward $97,000 after stocks rose for an eighth straight day on Thursday. That gave the S&P 500 its longest rally since August as investors grew more confident that trade tensions between Washington and Beijing are cooling. Still, the CryptoX 20 (CD20) index is little changed over the last 24 hours with the drop in first-quarter GDP pointing to economic strain from the trade war. While traders…

Bumble Will Use Google Wallet’s ZKPs for Age Verification

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…