Category: CryptoX News

Solana-Based NFT Marketplace Magic Eden Acquires Slingshot

Non-fungible token (NFT) marketplace Magic Eden has acquired Slingshot, a trading app that allows users to see their crypto balance across multiple protocols. Slingshot allows users to trade tokens from a single universal USDC balance, removing hurdles like wallet setup, bridging assets across chains, and juggling gas fees, thus expanding Magic Eden well past Solana to every chain, including bitcoin. We just acquired @SlingshotCrypto! 8M+ tokens. Every chain (Bitcoin soon). No bridges. No CEXs. This is another major step towards our vision of providing the best platform to trade all…

From Red to Rocket Fuel: Crypto Market Valuation Climbs Post-Turbulence

The digital asset sphere experienced a vigorous upswing Wednesday, its total valuation swelling over 9% as bitcoin surpassed the $83,000 benchmark during afternoon trading. While the leading cryptocurrency rose 8.4%, select altcoins dramatically outpaced this trajectory. Market Whiplash: Crypto Market Gains 9% in a Day After a Week of Steep Declines Dominating the day’s crypto […] Source CryptoX Portal

US May Be Headed for Serious Financial Crisis—Former Treasury Chief Says ‘Be Afraid’

Exploding tariffs and reckless trade moves are driving the U.S. toward a self-inflicted financial meltdown, former Treasury Secretary warns, threatening debt stability, investment, and global confidence. Summers Warns: US Tariff Policy May Be Engineering a Full-Blown Financial Crisis Former U.S. Treasury Secretary Lawrence H. Summers intensified his critique of Washington’s trade strategy on Tuesday, as […] Source CryptoX Portal

Defining Moment for XRP: Ripple CTO Highlights XRP’s Potential in Multi-Trillion-Dollar Ecosystem

Ripple’s $1.25 billion Hidden Road acquisition supercharges XRP’s role in global finance, unleashing instant, cross-asset settlement and bridging blockchain with trillions in traditional capital. XRP to Anchor Cross-Asset Settlement in Ripple’s Hidden Road Brokerage Play Ripple’s entry into prime brokerage through its $1.25 billion acquisition of Hidden Road is expected to significantly elevate the utility […] Source CryptoX Portal

CFTC Orders Crypto Prosecution Slowdown Following DOJ’s Explosive Policy Overhaul

The CFTC has unleashed a major overhaul of crypto enforcement, slamming the brakes on punitive regulation and shifting power back to innovators. CFTC Aligns Crypto Enforcement With DOJ—Low-Level Violations No Longer Chased Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC) Caroline D. Pham issued a sweeping directive on Monday in Washington D.C., reshaping […] Source CryptoX Portal

Goldman Sachs scraps recession forecast as Trump pauses tariffs

Goldman Sachs has reversed its recession forecast after President Donald Trump announced a 90-day pause on most of the administration’s new tariffs, calming markets rattled by trade war fears. Earlier Wednesday, Goldman analysts shifted to a recession baseline following the rollout of new country-specific tariffs. But after Trump’s announcement, the firm updated its outlook to a “non-recession baseline,” projecting modest GDP growth of 0.5% by Q4 2025 and three expected Fed rate cuts starting in June, according to CNBC reporting. Markets responded quickly. Bitcoin surged past $82,000, and the Nasdaq…

Treasury Eyes Regulatory Reset to Ignite Blockchain and Payments

Regulatory roadblocks are crumbling as the U.S. Treasury signals a sweeping pivot toward blockchain, stablecoins, and digital assets, igniting America’s fintech dominance worldwide. Regulatory Barriers on the Brink as Treasury Sparks Blockchain Shift U.S. Treasury Secretary Scott Bessent laid out a broad financial reform agenda at the Bankers Association Summit on April 9, pledging to […] Source CryptoX Portal

Ukraine Considers Up to 23% Personal Income Tax on Crypto in Newly Proposed Tax Scheme

Ukraine’s top financial regulator is floating the idea of taxing cryptocurrency as personal income, with possible carveouts for certain foreign asset-backed stablecoins, under a newly proposed taxation matrix published on Tuesday. In a translated letter introducing the potential new approach, Ruslan Magomedov, head of Ukraine’s National Securities and Stock Market Commission, said that effective tax policy is a necessary step in preventing financial abuse and facilitating the “legal and responsible use of digital assets.” “Establishing fair and understandable taxation rules is also a prerequisite for attracting investment and integrating the…

U.S. House hearing reignites crypto regulation push, hopes for clarity ‘this year’

U.S. legislators are pushing for clearer regulations on crypto, in an effort to keep the $2.7 trillion crypto industry in the U.S. U.S. Congress is seeing another major push for regulatory clarity on crypto. On April 9, the House financial services committee’s subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence held a hearing on crypto regulation. The goal of the hearing was to find ways to align U.S. securities laws with the realities of the digital age, especially with regard to crypto assets. In his remark to the committee,…

Bitcoin DeFi Network Arch Finds VC Backer for Early-Stage Projects

Bootstrapping decentralized finance (DeFi) on any blockchain usually requires a mix of builders with big ideas and funders to back them. That much is as true for baselayers as it is for the financial protocols launching atop them. Arch Labs, whose eponymous network is one of the many projects trying to bring DeFi to Bitcoin, had no trouble raising its $7 million launch capital from big-name venture firms last year. Now it’s shifting focus to help fund those smaller protocols that could make the whole network boom. In that goal…