Category: CryptoX News

Bitcoin, Ether and Solana Likely to See 3% to 5% Price Swings on FOMC Rate Decision

The Federal Open Market Committee (FOMC), the U.S. Federal Reserve’s monetary policy-making body, is slated to publish its rate review later in the day, along with growth and inflation projections and interest rate forecast. The widely-watched event is likely to breed crypto market volatility, spurring 3% to 5% price swings in bitcoin (BTC), ether (ETH) and solana (SOL). That’s the message from Volmex’s one-day implied volatility indices tied to BTC, ETH and SOL. At 12:30 UTC, the bitcoin one-day IV index (BVIV) signaled an annualized volatility of 63.32%, equating to…

Index Rises 3.4% as All Assets Trade Higher

CryptoX Indices presents its daily market update, highlighting the performance of leaders and laggards in the CryptoX 20 Index. The CryptoX 20 is currently trading at 2652.8, up 3.4% (+86.98) since 4 p.m. ET on Tuesday. All 20 assets are trading higher. Leaders: NEAR (+7.3%) and AAVE (+6.1%). Laggards: BCH (+1.9%) and BTC (+2.0%). The CryptoX 20 is a broad-based index traded on multiple platforms in several regions globally. Source CryptoX Portal

Volatility Shares launching Solana futures ETFs March 20

Volatility Shares is launching two Solana (SOL) futures exchange-traded funds (ETFs), the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT), on March 20. According to the Securities and Exchange Commission filing, SOLZ will feature a management fee of 0.95% until June 30, 2026, when the management fee will increase to 1.15%. Volatility Shares’ 2X Solana ETF gives investors twice the leverage and will feature a 1.85% management fee. Volatility Shares Solana ETF SEC filing. Source: SEC The filings represent the first Solana-based ETFs in the…

Bitcoin (BTC) Holds Near $84K Following Fed Decision

As expected, the U.S. Federal Reserve left its benchmark fed funds rate range steady at 4.25%-4.50% on Wednesday, the second consecutive pause since three straight rate cuts to end 2024. The Fed’s quarterly economic projections showed a sharp decline in expectations for economic growth, with the GDP increase in 2025 now seen at just 1.7% versus 2.1% at the December projection. The growth outlook for 2026 and 2027 was trimmed as well. “Uncertainty around the economic outlook has increased,” the Fed said in an accompanying statement, which is likely a…

Ethereum to Sunset ‘Holesky’ Testnet in September

Ethereum is set to discontinue its largest test network, Holesky, after it encountered challenges testing the forthcoming Pectra upgrade. The Ethereum Foundation (EF) said in a blog post on Tuesday that the network — a controlled environment for testing Ethereum infrastructure and upgrades — will begin winding down, with a full shutdown anticipated on Sept. 30. The just-launched Hoodi test network, deployed on Monday, will serve as Holesky’s replacement. The deprecation plan comes after Holesky fell offline due to February’s faulty test of Ethereum’s upcoming Pectra update. Developers took weeks…

SEC to Drop Lawsuit Against Ripple, Confirms CEO Brad Garlinghouse

Ripple CEO Brad Garlinghouse announced on March 19, 2025, that the U.S. Securities and Exchange Commission has officially dropped its high-profile lawsuit against the blockchain company over XRP sales. Ripple Declares Victory as SEC Drops XRP Securities Case The SEC’s dismissal ends a four-year legal battle that began in December 2020 when regulators alleged Ripple […] Source CryptoX Portal

Ether Zooms 7% as Bitcoin Traders Watch $80K Support Ahead of FOMC

Ether (ETH) zoomed nearly 7% in the past 24 hours to lead gains among majors as traders await the results of the Federal Open Market Committee (FOMC) meeting on Wednesday. ETH’s gains were coupled with a 4% gain in memecoin dogecoin (DOGE), which historically tends to act correlated to the asset’s movements. Other Ethereum-based memecoins pepe (PEPE) and mog (MOG), rose more than 5% — continuing to act as levered bets. Elsewhere, majors XRP, BNB Chain’s BNB, Solana’s SOL and Cardano’s ADA rose 3%. Tron’s TRX dipped after a surge…

South Korea Prosecutors Seek Decade-Long Sentence for Man Who Stabbed Haru Invest CEO

A South Korean man who attacked the CEO of collapsed crypto firm, Haru Invest, is now facing a potential decade behind bars, according to local media reports. Prosecutors in Seoul have requested a 10-year prison sentence for someone local media is only identifying by his last name Kang, a man in his 50s who stabbed Haru Invest CEO Lee Hyung-soo during a court hearing last year. Haru Invest paused withdrawals in 2023, citing partner issues, without giving a specific reason, before its executives were arrested in 2024 for allegedly stealing…