Investment bank Citi (C) initiated coverage of Strategy (MSTR) with a buy/high risk rating and a $485 price target, positioning the stock as a leveraged bet on bitcoin BTC$113,197.67. MSTR shares were 1.5% higher in early trading on Tuesday, around $301. The price target reflects Citi’s 12-month bitcoin forecast of $181,000, representing 63% upside from current levels, and a 25% to 35% net asset value (NAV) premium, which aligns with Strategy’s historical 2.5x to 3.5x bitcoin yield multiple, the bank said in the Tuesday report. That structure, the bank’s analysts…
Category: CryptoX News
Coinbase Buys Blockchain Fundraising Platform Echo for $375 Million
Echo, a blockchain fundraising platform, has agreed to be acquired by Coinbase for roughly $375 million in cash and stock. Coinbase Boosts Onchain Fundraising With Echo Deal Coinbase Global (Nasdaq: COIN) has reached a deal to acquire Echo, a platform that enables crypto projects to raise capital directly onchain, for about $375 million, according to […] Source CryptoX Portal
Bitcoin Dips Below $108K After Elon Musk’s SpaceX Moves 2,495 BTC
Bitcoin ( BTC) briefly dropped to $107,460 on Oct. 21, erasing recent gains and pushing weekly losses to nearly 3%. SpaceX’s $270 Million Treasury Transfer In the early hours of Oct. 21, bitcoin ( BTC) briefly dropped to $107,460 before recovering above $108,000. The drop all but erased gains made just a day earlier when […] Source CryptoX Portal
Coinbase Buys Startup Fundraising Firm Echo for $375M
Coinbase (COIN) has acquired Echo, a startup focused on onchain capital formation, for approximately $375 million. Founded by a longtime crypto figure known by its Cobie pseudonym, Echo has helped projects raise over $200 million across roughly 300 deals since launch. The platform allows startups to raise funds directly from their communities, either privately or through self-hosted public token sales using a product called Sonar. In a statement announcing the acquisition, Coinbase said the deal would help it build a “full-stack” solution for crypto fundraising. For startups, that means easier…
Evernorth to Go Public as First $1 Billion ‘Active’ XRP‑Linked Investment Vehicle
Evernorth, a Nevada‑based company, announced it will go public in Q1 2026 with an “active” XRP‑linked investment initiative. The company, which will launch with $1 billion, will focus on acquiring XRP and growing its treasury by leveraging diverse activities and opportunities. Evernorth to Pioneer Active XRP-Linked Investment Options for Institutional Investors The Facts: Evernorth, a […] Source CryptoX Portal
Kraken Wallet Analysis: Australians Favor Ethereum and Niche Tokens
Kraken has released an anonymized, aggregate analysis of millions of wallets on its platform showing Australian clients’ holdings and trading activity from August 2024–2025, comparing local trends with global averages. The report finds bitcoin held by 36.70% of Australian users (average AU BTC balance $17,409 vs $29,830 globally) and ethereum comprising 33.17% of the average […] Source CryptoX Portal
Polygon, Sonic Labs co-founders slam Ethereum Foundation
Tensions within the Ethereum ecosystem resurfaced after senior builders accused the Ethereum Foundation of neglecting layer 2 developers. Summary Polygon’s Sandeep Nailwal says Ethereum Foundation offers no direct support to Polygon. Sonic Labs’ Andre Cronje echoes the same concerns. Vitalik Buterin praises both Polygon and Nailwal for their impact and contributions. Polygon co-founder Sandeep Nailwal said his loyalty to Ethereum is weakening, claiming the Ethereum Foundation has provided “no direct support” to his team despite Polygon’s long-standing role in scaling the network. In an Oct. 21 post on X, he…
Russia Hits 95% De-Dollarization in Settlements With China and India
Russia’s accelerating shift away from the U.S. dollar is shaking up global finance, with nearly all trade between Moscow, China, and India now conducted in national currencies—reshaping energy markets and propelling a new era of multipolar economic power. 95% of Russia’s China and India Trade Now Bypasses Dollar Systems Russia’s increasing pivot toward de-dollarization is […] Source CryptoX Portal
Gemini integrates Solana staking directly into credit card
Gemini is embedding core blockchain mechanics into consumer finance. The exchange said its new Solana credit card automatically stakes rewards, transforming everyday spending into direct participation in network security without any user intervention. Summary Gemini launched a Solana Edition credit card that automatically stakes SOL rewards. The card offers up to 4% SOL back on gas, EV charging, and rideshare purchases. Its debut follows Gemini’s addition of USDT and USDC transfers on Solana. On Oct. 20, Gemini announced the launch of its Solana Edition credit card, introducing an auto-staking feature…
Crypto’s Half-finished Legislative Agenda Teeters as CEOs Set Meeting With Democrats
There is a growing sense that 2025 will be a bust for the long-awaited U.S. legislation to establish a fully regulated crypto sector, but negotiations in the Senate can at least build momentum again, according to the sentiments of those set to speak with Senate Democrats this week. Crypto leaders such as Coinbase CEO Brian Armstrong, Chainlink co-founder Sergey Nazarov, Uniswap’s Hayden Adams and Solana Policy Institute President Kristin Smith are preparing to meet with as many as 10 Democratic senators, according to the expectations of people involved with the…