Through Juno, a new subsidiary dedicated to digital assets and stablecoin issuance, Bitso aims to introduce the Mexican peso stablecoin to serve several use cases, with remittances and cross-border payments facilitation at the center. Bitso Introduces Juno, Launches Mexican Peso Stablecoin The stablecoin market is heating up, and companies are now backing them with currencies […] Source CryptoX Portal
Millions were recovered after a Kansas bank collapse tied to a crypto scam wiped out small-town investors’ savings, leading to the state’s longest white-collar sentence. FBI Seizes Millions in Crypto Fraud Recovery After Kansas Bank Collapse The Federal Bureau of Investigation (FBI) shared details on March 26 of how it successfully reclaimed more than $8 […] Source CryptoX Portal
Key Notes GHIBLI achieved a market cap of $20.8 million within 19 hours of launch, soaring by 39,010% in value. The rise of Ghibli-themed meme coins, sparked by social media trends and participation from figures like Elon Musk and Sam Altman. Ripple executives Brad Garlinghouse and David Schwartz joined the Ghibli-style anime portrait trend, further amplifying its popularity . As the social media trend picks up for Ghibli Anime AI characters, built using OpenAI tools, Solana-based meme coins inspired by these animes are now gathering steam. Earlier this week on March…
Key Notes A crypto whale withdrew 500 billion PEPE tokens (worth over $4.3 million) from Binance. The frog-themed meme coin is down by 6%, trading around $0.0000085. Analyst Jake Gagain predicts PEPE’s recent slump is over, forecasting a parabolic run ahead . A crypto whale recently withdrew 500 billion PEPE tokens, worth over $4.3 million, from Binance. On-chain data from Lookonchain revealed that the whale created a new wallet specifically for this transaction, hinting at strategic accumulation rather than casual trading. The transaction comes as PEPE experiences volatile movements. Despite a…
Artificial intelligence-focused firm CoreWeave raised $1.5 billion for its initial public offering (IPO), valuing the company at roughly $23 billion, Bloomberg reported on Thursday night, confirming earlier reports that it had downsized its IPO. The cloud provider sold 37.5 million shares at $40 each. It had initially planned to sell 49 million shares at $47 to $55 each, but a weaker-than-expected stock market posed difficulties for the company. The company initially sought to raise $4 billion at a $35 billion valuation, reporting $1.9 billion in revenue last year but still…
Key Notes Ripple and Chipper Cash have announced partnership, expanding the former’s presence in Africa. The partnership will result in faster, cheaper, and efficient settlements for customers. “We’re enabling faster, more affordable cross-border payments,” said a Ripple executive . Ripple is expanding into Africa through a partnership with Chipper Cash, a leading payment provider, to enable crypto-based cross-border payments. This collaboration is set to revolutionize remittance and payments across the continent by offering faster, cheaper, and more efficient settlements. Empowering Africa’s Cross-Border Transactions According to the official announcement on March 27,…
Spend the night with a BTC holder stunt turns scandalous after extortion link A viral crypto influencer’s “spend the night with BTC holders” stunt has taken a dark turn after Chinese media linked her profile to a real-life extortion case. On March 25, Sina Finance reported that in 2024, a software engineer in Chengdu was ambushed and robbed of 6 BTC by a criminal gang posing as a female crypto trader named “Bitcoin Cong’er.” The group had allegedly lured the victim through an X profile that promised sexual favors after…
H.C. Wainwright & Co. analyst Mike Colonnese has added Bitfarms stock to the firm’s top picks in the Bitcoin mining sector for 2025, citing strong operational improvements and a shift toward high-performance computing and AI infrastructure. In a research note following Bitfarms’ Q4 2024 earnings report and conference call, Colonnese said the market is “significantly undervaluing” the company’s scaled-up mining operations and emerging AI strategy. H.C. Wainwright reiterated its Buy rating on Bitfarms with a $3.50 per share price target, implying upside potential of more than three times from its…
Shares of GameStop (GME), the embattled video game retailer turned memestock darling, plunged 25% on Thursday, more than erasing all the gains since the company earlier this week announced it will add bitcoin (BTC) as a treasury reserve asset. GME fell to just above $21 during the session, trading at its lowest price since October and down over 28% from its Wednesday peak of nearly $30. The price action happened after the company unveiled plans late Wednesday for a $1.3 billion, 0% convertible note offering to raise money for its…
U.S. Reps. Tom Emmer (R-MN) and Darren Soto (D-FL) reintroduced the bipartisan Securities Clarity Act on Tuesday to establish regulatory distinctions between securities and commodities in the digital asset sector, aiming to resolve long-standing legal ambiguities. Securities Clarity Act Aims to Resolve Crypto Regulatory Uncertainty The bill seeks to clarify jurisdictional boundaries for regulators and […] Source CryptoX Portal