Category: CryptoX News

Avalanche (AVAX) To Outpace Both Bitcoin and Ethereum By End of 2029, Standard Chartered Predicts After Initiating Coverage

Avalanche’s AVAX token is poised for major gains in coming years that should outpace already bullish outlooks for both bitcoin and ether, according to Standard Chartered’s Geoff Kendrick. “The unique thing about Avalanche is how it is attempting to achieve scale. Unlike Ethereum or Solana, Avalanche (AVAX) uses a set of subnets, or sidechains,” Kendrick said in a note on Wednesday, initiating coverage on AVAX with a $55 price target for the end of 2025, $100 for 2026, $150 for 2027, $200 for 2028 and $250 by the completion of…

Bitcoin breaks $86K as US tariff ‘Liberation Day’ risks 11% BTC price dip

Bitcoin (BTC) reached new April highs at the April 2 Wall Street open as markets braced for US “Liberation Day.” BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin teases breakout in US tariff countdown Data from Cointelegraph Markets Pro and TradingView showed local highs of $86,444 on Bitstamp, the best performance for BTC/USD since March 28. Volatility remained in the run-up to US President Donald Trump announcing a sweeping round of reciprocal trade tariffs. The measures would be unveiled in an address from the White House Rose Garden at 4 pm Eastern…

Crypto has a regulatory capture problem in Washington — Or does it?

The crypto industry’s sway in Washington DC has made it more likely that the industry will get beneficial legislation, but it’s also creating problems.  Concerns of regulatory capture — a situation in which regulators or lawmakers are co-opted to serve the interests of a small constituency — have grown as crypto lobbying gains influence in Washington. The risks of regulatory capture are twofold: First, the public interest is shut out from policy-making in favor of a single industry or company, and second, it can make regulators blind to or paralyzed…

VanEck eyes BNB ETF with latest Delaware trust filing

Investment company VanEck filed to register a Delaware trust company for an exchange-traded fund (ETF) tracking Binance-linked BNB cryptocurrency. VanEck, on March 31, registered a new entity under the name VanEck BNB ETF in Delaware, according to public records on the official Delaware state website. In filing 10148820, the entity is registered as a trust corporate service company in Delaware, hinting at a potential spot BNB (BNB) ETF in the United States. VanEck BNB ETF trust registration in Delaware. Source: Delaware.gov According to social media reports, VanEck is the first…

Infamous mixing protocol eXch drops USDT, USDC as US authorities eye its role in Bybit theft

Shady crypto mixing protocol eXch is merging with an offshore entity and restructuring to evade scrutiny over laundering tens of millions stolen from Bybit. Centralized crypto mixing protocol eXch revealed in an update on Bitcoin Talk that it plans to relocate its operations and leave its current structure in Belize as regulatory scrutiny looms over its refusal to stop North Korea-affiliated hackers from laundering millions stolen from the Bybit crypto exchange. The service announced that it would have “new shareholders and new members on the management board,” adding that this…

Goldman Sees Yen Rising to Low 140s as BTC Echoes Tech Stock Weakness

The Bitcoin-Japanese yen (BTC/JPY) pair faced a setback at key trendline resistance Wednesday, as Goldman Sachs (GS) cited the anti-risk yen as the leading hedge against rising U.S. tariff and recession risks. The BTC/JPY trading on the Japan-based bitFlyer fell 1% after failing to take out the trendline drawn off the record high reached on Jan. 20, data from charting platform TradingView show. BTC’s USD-denominated price faced similar losses. Meanwhile, Asian equity indices and the U.S. equity futures treaded water ahead of President Donald Trump’s sweeping new “Liberation Day” reciprocal tariffs on…

Lack of Disclosure on LUNA Costs Galaxy Digital $200 Million

Galaxy Digital, founded by Michael Novogratz, has agreed to pay $200 million in penalties to resolve allegations that it violated New York laws by promoting the cryptocurrency LUNA without disclosing its financial interests. Galaxy’s LUNA Disclosure Failure Violated NY Laws Michael Novogratz’s Galaxy Digital recently agreed to pay $200 million in penalties to resolve allegations […] Source CryptoX Portal

Japan’s Metaplanet Hits 4,046 BTC With 96% Yield—More Buys Ahead

Metaplanet Inc. added 696 BTC in Q1 2025, using options to lower acquisition costs. The firm’s total Bitcoin holdings reached 4,046 BTC. Japan’s Metaplanet Grows Bitcoin War Chest to 4,046 BTC Japan’s publicly listed bitcoin treasury company, Metaplanet Inc. (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), announced on April 1 that it had increased its […] Source BitcoincryptoexchangeExchanges CryptoX Portal