Category: CryptoX News

Former Kraken execs acquire real state firm Janover, disclose SOL treasury plans

A team of former Kraken executives has taken control of Janover, with Joseph Onorati, former chief strategy officer at Kraken, stepping in as chairman and CEO, following the group’s purchase of over 700,000 common shares and all Series A preferred stock. Parker White, former director of engineering at Kraken, was appointed as the new chief investment officer and chief operating officer. The group bought 728,632 shares of Janover common stock and all 10,000 shares of Series A preferred stock. Marco Santori, former chief legal officer at Kraken, will join the…

Jamie Dimon Warns of Inflation Shock and Recession Risk as Market Teeters on Collapse

As Wall Street is flashing red, JPMorgan CEO Jamie Dimon warns soaring inflation, spiraling tariffs, and shaken confidence signal a recession that could upend global markets. JPMorgan’s CEO Flags Recession Threat With Inflation Roaring and a Market Meltdown Near Jamie Dimon, the top executive at JPMorgan Chase, raised alarm Monday in his annual letter to […] Source CryptoX Portal

Crypto markets on edge as Trump threatens historic tariff hike on China

In an unprecedented move, Trump upped the stakes in the ongoing trade war, threatening to raise tariffs on China to 104% while the crypto market remains on edge. After the Chinese retaliation to the latest US tariff push, U.S. President Donald Trump is threatening further measures. On April 7, Trump announced on his social media platform Truth Social that China would face an additional 50% tariff if it didn’t remove countermeasures. Notably, China introduced 34% retaliatory tariffs on all US goods, mirroring the same measure by the United States. Now,…

Pakistan appoints Changpeng Zhao as crypto adviser as adoption heats up

Former Binance CEO Changpeng “CZ” Zhao has been appointed as an adviser to Pakistan’s Crypto Council, a newly formed regulatory body tasked with overseeing the country’s embrace of blockchain technology and digital assets.  The appointment was confirmed by Pakistan’s finance ministry and reported by Bloomberg on April 7. Zhao will advise the regulatory body on cryptocurrency regulation, infrastructure and adoption, Bloomberg reported. CZ is seen signing documents during his appointment by Pakistan’s Ministry of Finance. Source: Business Recorder Zhao is one of the most recognizable names in crypto, having served…

US Federal Reserve Announces Closed Board Meeting

The central bank indicated that the meeting will be held to discuss “discount rates to be charged by the Federal Reserve Banks.” Fed to Hold Private Meeting as Market Speculation Heats up The U.S. Federal Reserve quietly published a notification on its website showing it will hold a closed board meeting on Monday, April 7, […] Source CryptoX Portal

Bitcoin (BTC) Holdings at MSTR Steady Last Week

Its capital raising efforts likely on hold amid the market panic, Strategy (MSTR) did not add to its bitcoin (BTC) holdings last week. Additionally, the company expects to report a net loss for the first quarter due to a $5.91 billion unrealized loss on its bitcoin holdings, according to a filing Monday morning. This follows the adoption of new accounting rules requiring crypto assets to be marked to market. A $1.69 billion tax benefit is expected to partially offset the loss. Strategy raised a total of $7.69 billion during the…

XRP Price News: XRP Eyes Major Selloff as Black Monday Concerns Grow

Key Notes XRP price has dropped below the key support level at $1.7. A major tariff scare impacts The digital currency alongside the broader market. The ecosystem remains hyped as the Coinbase XRP futures launch may rebuild sentiment. XRP XRP$1.7724h volatility:15.6%Market cap:$103.18 BVol. 24h:$10.81 Bprice is in the spotlight as the crypto ecosystem faces an extended selloff due to President Donald Trump’s tariff policies. XRP price has fallen below a key support level at $2 as bulls capitulate. With market uncertainty growing, many traders fear what could become another historic…

Tether May Develop U.S.-Only Stablecoin Under New Regulations: FT

Tether, issuer of the world’s largest stablecoin USDT, may offer a new token specifically for the U.S., according to a Financial Times report on Monday. Paolo Ardoino said the company had been involved in discussions about the U.S. rules on stablecoins and that it may create a token just for the U.S, depending on how these discussions unfold, the FT reported, citing an interview with the Tether CEO. Ardoino said that if new rules are brought in”make [U.S.] stablecoins competitive, there could be an interest from Tether to create a…

MSTR Treading Water on BTC Bet, While Metaplanet, SMLR Reel from Heavy Losses

Disclosure: The author of this story owns shares in Strategy (MSTR). As the crypto market’s correction kicks off, days after traditional financial markets started reacting to President Donald Trump’s tariffs, bitcoin (BTC) slumped to its lowest level in five months, dropping to as low as $74,500 and marking a full one-third drop from the record high it hit Jan. 20. This slide has left Strategy (MSTR) marginally in the green on its bitcoin acquisition strategy. At a total cost of $35.6 billion, the company currently holds an unrealized profit of…

BTC, XRP, SOL Nosedive 14% as Crypto Bulls Rack $800M Liquidations

Futures tied to major tokens saw over $840 million in long liquidations in the past 24 hours as a bitcoin (BTC) plunge led to losses among major tokens, with some falling nearly 14%. CoinGlass data shows that bitcoin traders betting on higher prices lost over $322 million, while bets on ether (ETH) lost nearly $290 million. Smaller alternative tokens (altcoins) recorded nearly $400 million in liquidations — with futures tracking xrp (XRP) and Solana’s SOL seeing an unusually high $80 million in cumulative liquidations. (Coinglass) BTC slid to under $77,000…