Category: CryptoX News

XRP, SOL, DOGE ETFs Likely Won’t Be Approved Until New SEC Chair Is Sworn In

Despite recent acknowledgements by the Securities and Exchange Commission (SEC) on several spot crypto exchange-traded fund (ETF) applications, the agency is unlikely to make any decisions approving these products until its leadership is settled. “I would have been very very surprised if they approved any of these filings before [Paul] Atkins was confirmed at their first deadlines,” said James Seyffart, an ETF analyst at Bloomberg Intelligence. “It’s been our assumption that anything that can be pushed until Atkins is officially at the SEC, will be pushed back.” A person familiar…

Binance Secures Historic $2 Billion Crypto Investment From Abu Dhabi’s MGX

Abu Dhabi-based MGX has invested $2 billion in Binance, marking the largest institutional investment ever in a crypto company and the largest ever paid in stablecoins. The deal cements Binance’s dominance and signals growing institutional faith in blockchain’s future. MGX Enters Crypto with Record-Breaking $2 Billion Stake in Binance Binance, the world’s largest crypto exchange […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bank of Russia Proposes Limited Crypto Investment Pilot for High-Net-Worth Investors

The Bank of Russia has submitted proposals to the government for a controlled experiment allowing a “limited group of Russian investors” to trade cryptocurrencies, based on a directive from the country’s President Vladimir Putin. The plan would introduce an experimental legal regime (ELR) lasting three years wherein “particularly qualified” investors would be allowed to conduct cryptocurrency transactions, according to a statement from the central bank. To be considered “particularly qualified,” individual investors would need to have over 100 million rubles ($1.14 million) in investments or an annual income exceeding 50…

BTC Chart Forms Bullish RSI Divergence Just in Time for U.S. CPI

A technical analysis pattern hinting at bull reversal has appeared on bitcoin’s (BTC) daily price chart as market participants look to Wednesday’s U.S. inflation data to put a floor under risk assets. BTC has recently taken a beating, falling from $100,000 last month to under $80,000 this week due to several factors, including risk aversion on Wall Street, concerns about Trump’s tariffs and U.S. recession fears. The disappointment over the lack of fresh BTC purchases under Trump’s strategic reserve plan added to the downward momentum. However, as prices fell to…

BTC’s Four-Year Compound Annual Growth Rate Drops to Record Low of 8%

Bitcoin’s (BTC) four-year compound annual growth rate (CAGR) has dropped to its lowest recorded level of 8%, according to Glassnode data. The four-year period was chosen to align with bitcoin’s (BTC) halving cycle while also capturing the typical bull/bear market cycle, which tends to follow a similar timeframe. In March 2021, four years prior, bitcoin was trading around $60,000, near the peak of the previous market cycle. The decline in CAGR is expected as bitcoin’s volatility and returns diminish over time as the asset matures. However, this metric is highly…

Line Partners With Sony’s Soneium to Launch Blockchain Mini-Apps for 200 Million Users

Line, Japan’s largest social media network, has announced a partnership with Sony’s recently launched “Soneium” blockchain to introduce blockchain-powered mini-apps to its 200 million users. This collaboration aims to enhance user experience and facilitate new blockchain interactions while providing developers with tools to foster innovation within the ecosystem. Soneium, which has quickly gained traction with […] Source CryptoX Portal

Bitcoin Runs to $82K; SEC Delays Ripple, Dogecoin, Litecoin ETF Filings

Bitcoin (BTC) clawed its way back to nearly $82,000, staging a relief rally after dipping below $78,000 late Sunday, leading to a slight run-up in major tokens. Ether (ETH), BNB Chain’s BNB, XRP and Cardano’s ADA rose as much as 3%, alleviating some losses from the past 7 days. The broad-based CryptoX 20 (CD20) added nearly 4%. Elsewhere, the U.S. Securities and Exchange Commission (SEC) delaying decisions on XRP, Dogecoin, and Litecoin filings. Bloomberg analysts had previously pegged Litecoin’s odds at 90%, Doge at 75%, and XRP at 65% for…

Deutsche Börse Launches Crypto Custody With Clearstream for Institutional Investors

Deutsche Börse is launching a crypto custody service through Clearstream, enabling institutional investors to securely store and settle cryptocurrencies. Deutsche Börse Announces New Crypto Custody Service Deutsche Börse Group announced on March 11 that its post-trade services arm, Clearstream, will launch a new crypto custody solution for institutional investors. Partnering with Crypto Finance, also part […] Source CryptoX Portal

SEC delays decision on XRP, Solana, Litecoin, Dogecoin ETFs

The US Securities and Exchange Commission has delayed its decision to approve several XRP, Solana, Litecoin and Dogecoin exchange-traded funds. In a slew of filings on March 11, the agency said it has “designated a longer period”  to decide on the proposed rule changes that would allow the ETFs to proceed. Among the affected ETFs are Grayscale’s XRP (XRP) and Cboe BZX Exchange’s spot Solana (SOL) ETF filings, with the decisions on them pushed until May. The SEC has delayed making a decision to approve several altcoin ETFs. Source: SEC…

US Lawmaker: Stablecoins Key to Strengthening Dollar’s Dominance

A U.S. congressman stressed that a well-regulated stablecoin market is essential for maintaining the dollar’s global dominance, modernizing payments, and expanding financial access without government overreach. Lawmakers Debate Stablecoin Role in Securing US Dollar’s Future House Financial Services Committee Chairman French Hill (R-AR) stressed that a well-regulated stablecoin market is essential for maintaining the U.S. […] Source CryptoX Portal