Category: CryptoX News

Ripple Acquisition Target Hidden Road Gains U.S. Broker-Dealer License by FINRA

Hidden Road, the prime brokerage firm that’s being acquired by Ripple, has obtained approval to operate as a U.S. broker-dealer from the Financial Industry Regulatory Authority (FINRA), the company said Thursday. The license, granted to its subsidiary Hidden Road Partners CIV US LLC, will allow the firm to expand its fixed income prime brokerage platform, according to the press release. With the broker-dealer status, the firm plans to offer institutional clients a broader range of regulatory-compliant services in clearing, financing and prime brokerage of fixed income assets. “[This] is a…

LayerZero’s ZRO Price Jumps 10% as VC Firm Andreessen Horowitz (a16z) Buys $55M Tokens

Interoperability protocol LayerZero’s native token (ZRO) surged Thursday on news that venture capital firm Andreessen Horowitz’s (a16z) crypto arm increased its investment in the project. The company acquired additional $55 million ZRO tokens committing to a 3-year lock-up period, general partner Ali Yahya said in an X post. A16z has been an early backer of the protocol’s development firm LayerZero Labs, participating in the team’s $135 million series A fundraising round in 2022 and the following $120 million series B round in 2023. ZRO advanced 10% to $2.56 following the…

Crypto Casino Founder Richard Kim Arrested After Gambling Away Investor Funds

Richard Kim, the founder of crypto casino Zero Edge, was arrested on Tuesday following allegations that he had gambled away investors’ funds. According to an FBI complaint filed on Tuesday in the Southern District of New York, Kim “fraudulently induced investors to invest in Zero Edge, a cryptocurrency technology company he founded, and then misappropriated millions of dollars in those investors’ funds.” The FBI said Kim lost “nearly all” of the $7 million he raised from investors and charged him with securities fraud and wire fraud. According to court records,…

Can Cardano price realistically jump 400% and hit ATH in 2025?

The Cardano price remains in a deep bear market, having lost over half its value since peaking in November last year. Cardano (ADA) dropped to $0.615 on April 16, mirroring the performance of other top layer-1 coins, such as Avalanche (AVAX) and Solana (SOL). ADA remains significantly lower than its all-time high of $3.1. There are two main reasons why Cardano has been unable to surpass its all-time high. First, while Bitcoin (BTC) reached a record high earlier this year, most popular altcoins remain well below their previous peaks. Second,…

Stellar Blockchain Sees $3B of Real World Assets (RWA) Being Tokenized in 2025

Stellar, a superfast and low fee-public blockchain, says it plans to hold $3 billion in real-world asset (RWA) value and power $110 billion in RWA volume by the end of 2025. The goal set by the Stellar Development Foundation (SDF), the nonprofit that supports the development and growth of the Stellar network, is building on existing partnerships with the likes of Franklin Templeton and Wisdom Tree. In addition, Stellar is welcoming a new round of tokenization specialists such as Paxos, Ondo, Etherfuse and SG Forge, the blockchain innovation division of…

Trump’s Tariff Policy Threatens Dollar’s Safe Haven Status and Global Currency Dominance, Warns FX Strategist Wizman

Recent data indicates a breakdown in the dollar’s traditional correlation with other markets, as investors seek refuge in currencies like the Swiss franc and Japanese yen, which have recently strengthened. Thierry Wizman, global FX and rates strategist at Macquarie Group, stated that Trump’s tariffs policy shake-up not only threatens the dollar’s status as a safe […] Source CryptoX Portal

Here’s why SYRUP surged over 35% today

SYRUP jumped as much as 36% today, driven by strong ecosystem growth and whale accumulation. On April 17, Maple Finance’s SYRUP token hit an intraday high of $0.15, putting it up more than 76% from its monthly low. At the time, its market cap sat around $128.8 million, and daily trading volume surged 157% to over $10.7 million. Much of the hype came from rising demand in Maple’s derivatives market, too, as open interest in SYRUP futures shot up 90% in a day, reaching $359.6k. The rally is largely tied…

Auradine Raises $153M Series C for Bitcoin (BTC) Mining, AI Data Center Networking

Auradine, a maker of computing equipment for bitcoin (BTC) mining and AI applications, said it raised $153 million in a Series C funding round. The Silicon Valley, California-based company also formed a new business group, AuraLinks AI, focused on open-standards to address cooling requirements of next-generation AI data centers. AI data centers and BTC mining share similarities in their operational requirements. Given the proliferation of AI in mainstream use in recent years, the subject of data centers is now commonplace in public discourse. This is significant for the cryptocurrency industry…

Bitget Burns $130 Million BGB 2.5% of the Total Token Supply

This content is provided by a sponsor. PRESS RELEASE. Victoria, Seychelles, April 17th, 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, has completed the burn for 30 million Bitget Token (BGB) as per its previously shared burn mechanism plan for the quarter. At the time of the burn, this represented a market value […] Source BitcoincryptoexchangeExchanges CryptoX Portal

VanEck to launch ‘NODE’ ETF targetting crypto-related stocks

VanEck is set to debut its new exchange-traded fund under the ticker NODE, on May 14, expanding its lineup of crypto-related investment products. VanEck’s head of digital assets, Matthew Sigel, announced in an Apr. 16 post on X  that the U.S. Securities and Exchange Commission has approved its upcoming ETF, NODE. The firm plans to launch the ETF on May 14, offering equity exposure to companies shaping the digital asset and blockchain economy. 🚨Now Effective: VanEck Onchain Economy ETF ($NODE) Actively managed, $NODE will aim to hold 30–60 names from…