Category: CryptoX News

Ethereum’s time is ‘meow?’ Vitalik Buterin video go ‘vrial’

Some commentators on X called it “sad.” Others used expletives. Either way, a video of Ethereum co-founder Vitalik Buterin went viral and not in a good way. The crypto community on X.com, rarely known for decorum, blasted Buterin for kneeling before a robot and emitting what sounds like a “meow” sound. To some, the video underscored why one needs to be “bullish” about Ethereum’s present and future. To others, it was worthy of a Studio Ghibli-style photo edit. Most people kept scrolling. See below. So much of my professional life…

CRO jumps 15% after SEC closes investigation on Crypto.com, is more upside coming?

CRO rallied as high as 17% after the US SEC formally concluded its investigation into Crypto.com. However, most of these gains were quickly erased amid broader market uncertainty. According to crypto.news data, Cronos (CRO) jumped from $0.097 to as high as $0.114 on Mar. 28 before cooling off to around $0.1064 later in the day during Asian trading hours. Its market cap hit $2.94 billion, and daily trading volume spiked by 71%, with about $138 million worth of CRO changing hands. CRO got a boost as the community turned bullish…

Coinbase and Kraken Urge to Block Prosecuting Web3 Builders

On Mar. 26, an open letter signed by 34 crypto companies urged the U.S. senators and congressmen to correct the code interpretation by the Department of Justice, where the DOJ suggested that web3 developers like the Tornado Cash team were involved in “unlicensed money transmitting business” simply through creating an open-source software. The letter doesn’t mention Tornado Cash or Samourai developers, who were prosecuted for their involvement in the creation of the respective Bitcoin mixer platforms. However, the letter is based on the Tornado Cash case. It saw the light…

Here’s why BTC, SHIB, DOGE, ADA prices slipped after U.S. PCE data

The crypto market remained on edge on Friday after the U.S. released the Federal Reserve’s preferred inflation metric. Bitcoin (BTC) price dropped below $85,000, while popular tokens like Shiba Inu (SHIB), Dogecoin (DOGE), and Cardano (ADA) fell by over 3%. The total market cap of all cryptocurrencies tracked by CMC dropped by 2.6% to $2.76 trillion. A report from the Bureau of Economic Analysis showed that the core personal consumption expenditures (known as the PCE) index rose from 2.7% in January to 2.8% in February, exceeding the median estimate. On…

CFTC Frees Crypto Derivatives From Extra Scrutiny

Crypto advocates scored big as the CFTC scrapped a directive singling out digital asset derivatives, easing scrutiny and marking a sharp split among U.S. regulators. Barriers Drop—CFTC’s Crypto Retreat Sets Stage for Relentless Upside Another win for crypto supporters arrived March 28 when the Commodity Futures Trading Commission (CFTC) announced that its Division of Clearing […] Source CryptoX Portal

Grayscale files for Avalanche ETF with Nasdaq

Nasdaq has filed a 19b-4 form with the U.S. Securities and Exchange Commission to list and trade shares of Grayscale’s proposed spot Avalanche exchange-traded fund. If approved, the ETF would hold AVAX (AVAX) directly, offering investors exposure to the Avalanche network’s native token through traditional brokerage accounts. Grayscale’s move comes a week after VanEck submitted an S-1 registration statement to launch a competing Avalanche ETF.  The filing indicates growing institutional interest in regulated altcoin investment vehicles, though the SEC has yet to approve any spot crypto ETFs beyond Bitcoin (BTC)…

SOL faces tough resistance while XYZVerse attracts early investors with 10b XYZ airdrop

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto market sees a major coin facing price challenges, while a new platform attracts investors with a huge token giveaway. The cryptocurrency market presents contrasting developments as a well-known coin struggles to overcome price hurdles, while a new platform draws early backers with a massive token giveaway. Investors are closely monitoring these shifts, curious about the potential impact on their portfolios. What challenges await the established player, and what…

NFT sales recover 4.5% to $102.8m, CryptoPunks sales surge

Despite the overall market’s decline, the non-fungible token (NFT) market is showing resilience, with sales volume increasing by 4.5% to $102.8 million. Bitcoin’s price has dropped below $83,000 in the last seven days. At the same time, Ethereum is hovering at the $1,800 level. The global crypto market cap is now $2.71 trillion, down from last week’s $2.77 trillion. According to data from CryptoSlam, last week’s NFT sales volume stood at $100.9 million. This week’s figure represents a mild recovery for the sector. NFT buyers have increased dramatically by 28.9%…

Double-Digit Declines Dominate: Crypto Stocks Feel the Pain of Market Meltdown

As the crypto economy has contracted by $150 billion since Monday, the downturn has notably impacted crypto stocks, with a significant portion of shares experiencing double-digit declines across the board. Synchronized Selloffs: The Unbreakable Bond Between Crypto and Stock Markets Crypto-related equities have faced substantial pressure this week, aligning with the broader market downturn that […] Source CryptoX Portal

Why Is the Crypto Market Down Today? Bitcoin Drops to $82K as Traders Flee Risk Assets Amid Macro Worries

Cryptocurrency prices have experienced a sharp declune over the last few hours, with bitcoin (BTC) now being down around 3% over the last 24 hours, while major altcoins including XRP, BNB, and SOL are down between 4% and 5% over the same period. The broader cryptocurrency market, represented by the CryptoX 20 Index (CD20), lost around 3.3% of its value over the period. The sharp drop brings BTC’s performance down 1.7% for the week, while CD20 is down nearly 5%. Over the last 24 hours, over $300 million worth of…