Category: CryptoX News

Crypto Funds Bleed $4.75B as Market Drop Erases Post-Election Gains

Crypto investment products have been seeing weekly outflows for four consecutive weeks now, with $876 million withdrawn last week, bringing the four-week total to $4.75 billion. The sustained withdrawals and an ongoing cryptocurrency market drawdown have erased gains made since November 2024 after Donald Trump won the U.S. Presidential elections, pushing total assets under management (AUM) down by $39 billion to $142 billion. Investor sentiment in the U.S. is particularly bearish, with $922 million in outflows, while investors in Europe and Canada brought in modest inflows, data from CoinShare’s Digital…

Bitcoin nears $78K lows as US stocks dive at the Wall Street open

Bitcoin (BTC) sought a rematch with multimonth lows on March 10 as familiar selling accompanied the start of Wall Street trading. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView BTC price sags closer to new four-month lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD down around 4% on the day to reach $79,170 on Bitstamp. Weakness into the weekly close continued as risk assets across the board suffered a flight to safety. Stocks fell substantially at the open, with the S&P 500 and Nasdaq Composite Index down 2% and 3.5%, respectively.…

Rex Shares, Osprey Funds File for MOVE ETF

Investment managers Rex Shares and Osprey Funds have filed to list an exchange-traded fund (ETF) tracking the price performance of Movement Networks’ MOVE. The Ethereum layer-2 network’s mainnet, which is built using MoveVM, is expected to launch on Monday. The proposed REX-Osprey MOVE ETF would invest at least 80% of its assets in MOVE or related instruments, using a mix of direct holdings and derivatives, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). Rex Shares, an ETF issuer, has in the past filed to launch funds…

The memecoin phenomenon: When jokes print money

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Crypto has always been about rebellion and experimentation. Like it or not, memecoins perfectly embody this spirit—not by promising groundbreaking technology, but by playing on emotions, internet culture, and a collective inside joke. Memecoins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Bonk (BONK), and others have all become “people’s money,” empowering users to poke fun at the financial system and established digital assets with pure satire.…

Singapore Exchange to Launch BTC Perpetual Futures in 2025

Singapore Exchange Ltd. (SGX) is set to introduce bitcoin (BTC) perpetual futures in the second half of 2025, marking a significant step for the traditional exchange into the crypto derivatives market, according to a Bloomberg report. These contracts, designed for institutional clients and professional investors, will not be accessible to retail traders. SGX did not immediately respond to CryptoX’s request for comment. SGX’s move aligns with a broader trend among traditional exchanges embracing cryptocurrency derivatives. Japan’s Osaka Dojima Exchange Inc. is also seeking approval to list bitcoin futures, reflecting growing…

BBVA brings Bitcoin and Ethereum trading service for Spanish customers

Spanish bank BBVA is launching a crypto trading service, enabling customers in Spain to buy, sell, and manage Bitcoin and Ethereum via its app. The second-largest Spanish financial institution by volume of assets, BBVA, is set to roll out a new crypto trading service in Spain, allowing customers to buy and manage the two largest cryptocurrencies by market capitalization, Bitcoin (BTC) and Ethereum (ETH). In a March 10 press release, the banking giant said that the service will first be available to a small group of users before expanding to…

Crypto scam uses trade war fears to lure victims, Canadian watchdogs warn

Crypto scammers are using fake news articles and the likeness of government figures to capitalize on trade war fears, according to securities regulators in the Canadian provinces of Alberta and New Brunswick. The Alberta Securities Commission said in a March 7 alert that a “crypto investment scam called CanCap” faked an endorsement from then-Prime Minister Justin Trudeau through a fake news article from Canada’s national public broadcaster, the CBC. “The fake article notes that the Prime Minister is purportedly responding to US tariffs by endorsing an investment program involving digital…

Lutnick Plays Down Recession Fears at Bitcoin Lingers in 80K Range

Treasury Secretary Howard Lutnick insists the U.S. economy is on solid footing despite concerns from Wall Street that a recession is in the cards. “Absolutely not,” he said on a Sunday edition of Meet the Press when asked if Americans should prepare for a downturn. “There’s going to be no recession in America,” he continued. “It’s like the same people who thought Donald Trump wasn’t a winner a year ago. Donald Trump is a winner. He’s going to win for the American people.” A recession is two consecutive quarters of…

US housing dept mulls blockchain, stablecoin to pay and monitor grants: Report

The US Department of Housing and Urban Development is reportedly looking to experiment with using blockchain and a stablecoin for some of its functions. The department, whose duties include overseeing social housing, has so far discussed the possibility of using blockchain to monitor grants, ProPublica reported on March 7, citing a meeting recording, documents and three officials familiar with the matter.  Also discussed was the idea of experimenting with paying a HUD grantee using a stablecoin, which could first be tested in one of the department’s offices before being applied…