Category: CryptoX News

DeFi Game Aavegotchi to Leave Polygon, Migrate Entire Ecosystem to Coinbase’s Base

The DAO running Aavegotchi, a niche non-fungible token (NFT) game, voted overwhelmingly to migrate the entire ecosystem to Base from Polygon, a move reflecting shifting developer and user sentiment in the broader Ethereum layer-2 landscape. With 93.25% of the vote in favor, the proposal — titled “Make Aavegotchi Based Again” — lays out plans for a full deployment on Base, the Coinbase layer-2 blockchain that has gained traction among decentralized applications. All Aavegotchi NFTs, wearables, game assets and smart contracts will be cloned and relaunched on Base, according to the…

Scaling the EVM requires an L1, not an L2

Opinion by: Jay Jog, co-founder of Sei Labs  When CryptoKitties crashed the Ethereum network in 2017, the industry learned a hard lesson about blockchain scalability. Today, with over $100 billion locked in decentralized finance (DeFi) and millions of non-fungible tokens (NFTs) being traded, that lesson is more relevant than ever. The Ethereum Virtual Machine (EVM) — the engine that powers this activity — is reaching its limits. So far, the crypto community’s answer has been layer 2 solutions — separate chains that process transactions and report back to Ethereum. But…

HBAR Gains 8.6% as Nearly All Assets Trade Higher

CryptoX Indices presents its daily market update, highlighting the performance of leaders and laggards in the CryptoX 20 Index. The CryptoX 20 is currently trading at 2309.92, up 2.5% (+55.35) since 4 p.m. ET on Monday. Nineteen of the 20 assets are trading higher. Leaders: HBAR (+8.6%) and APT (+5.6%). Laggards: FIL (+0.0%) and AAVE (+1.4%). The CryptoX 20 is a broad-based index traded on multiple platforms in several regions globally. Source CryptoX Portal

China May Catalyze Bitcoin (BTC) Price Breakout, Here’s Why

Key Notes China is adopting an unconventional monetary policy to tackle the impact of US tariffs. Bitcoin and risk assets may benefit from the monetary shift in the long run. BTC price is stabilizing after the latest selloff earlier this week. Bitcoin BTC$78 94924h volatility:2.4%Market cap:$1.57 TVol. 24h:$69.44 B, the world’s largest digital asset, could be on the edge of a major price swing. This speculation is growing as China adjusts its monetary policy, a shift that could lead to greater demand for Bitcoin and other cryptocurrencies. With Bitcoin and…

Ethereum Price on Radar as Dormant ETH Whales Sell on Rise

Key Notes The ETH investor, who initially bought 10,001 ETH in 2017 for $352 each, still holds an unrealized profit of $12.3 million. After a major drop, analysts suggest that Ethereum price could consolidate if macroeconomic conditions stabilize. Bitcoin critic Peter Schiff predicts further declines for Ethereum, forecasting a drop below $1,000. After a crash to $1,400 on Black Monday yesterday, Ethereum ETH$1 56824h volatility:5.1%Market cap:$189.19 BVol. 24h:$34.66 Bprice has bounced back and is up 3.2% at press time, trading at $1,594 levels. With more than a 50% drop in…

First XRP ETF in U.S. to Go Live as 2x Leveraged Product

Shaurya Malwa 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,…

Mike Novogratz’s Galaxy Digital gets SEC nod for Nasdaq listing

Artificial intelligence and crypto investment firm Galaxy Digital has been given the nod from the US Securities and Exchange Commission to list on the Nasdaq stock exchange.  The company, which is listed on the Toronto Stock Exchange (TSX), plans to relocate its home base from the Cayman Islands to Delaware, according to an April 7 statement from Galaxy, pending shareholder and TSX approval.  “Our registration statement is now effective with the SEC. We’re on track to list on the Nasdaq shortly after our shareholder vote on May 9, contingent on…

BlackRock CEO Larry Fink says market could drop another 20%

BlackRock chief executive officer Larry Fink says its likely the market’s reaction could still see another 20% dump. The BlackRock CEO’s comments come as the market crash sees stocks plummet for more than 30 days straight. Crypto has also suffered in the past few weeks, with Bitcoin (BTC) dipping below $80k to touch lows last seen in early November 2024. However, Fink, sharing his opinion during an interview with Bloomberg TV, believes the dip is for buying.  “I see it more as a buying opportunity than a selling opportunity, but…

Dimon warns tariffs may push U.S. toward recession, hits crypto slide

In his annual letter to shareholders, released today, JPMorgan Chase CEO Jamie Dimon expressed some concerns about the potential economic repercussions of President Donald Trump’s recent tariff implementations. Dimon warned that these tariffs could exacerbate inflation and impede economic growth, emphasizing the urgency of resolving trade uncertainties swiftly to prevent long-term damage to consumer confidence and corporate profitability. ​ “As for the short-term, we are likely to see inflationary outcomes, not only on imported goods but on domestic prices, as input costs rise and demand increases on domestic products,” Dimon…

Metaplanet Redeems Zero Coupon Bonds Early

Metaplanet, the Japanese hotel developer turned bitcoin treasury firm, announced on Monday that it had fully redeemed or paid off ¥2 billion ($13.5 million) worth of zero coupon bond debt more than five months early (the bonds had a maturity date of Sept. 17, 2025). Funds raised by the bond issuance were used to purchase […] Source CryptoX Portal