Ripple is backing crypto’s mainstream rise with a $50 million grant to the National Cryptocurrency Association, fueling education and real-world adoption across the U.S. National Cryptocurrency Association Kicks off With $50M From Ripple to Fuel US Crypto Growth The National Cryptocurrency Association (NCA), a new initiative aimed at increasing cryptocurrency literacy across the United States, […] Source CryptoX Portal
Bitwise wants to bring Aptos exposure to U.S. investors, as it did for European traders on six Swiss exchanges. Wealth manager Bitwise has submitted registration of securities, or S-1 form, at the U.S. Securities and Exchange Commission to list and trade shares for a spot Aptos (APT) exchange-traded fund. The Bitwise filing followed last week’s Delaware registration for an entity dubbed the “Bitwise Aptos ETF”. Aptos crypto’s 36th biggest token by market capitalization, worth over $3.8 billion and provide layer-1 blockchain technology to thousands of users and developers. Bitwise tapped…
The Finance Minister of Pakistan has named Bilal bin Saqib, a Web3 investor, as the chief advisor for the Pakistan Crypto Council. Bilal bin Saqib an Ideal Candidate Pakistan’s Finance Minister has appointed Bilal bin Saqib, a Web3 investor, as the chief advisor for the Pakistan Crypto Council. This appointment is seen as a step […] Source CryptoX Portal
Canary Capital, the digital asset-focused investment firm founded by former Valkyrie Funds co-founder Steven McClurg, is planning on launching an exchange-traded fund (ETF) tracking the price of Axelar (AXL). The firm submitted an S-1 filing with the Securities and Exchange Commission (SEC) on Wednesday, kicking off the process to launch such a fund. The hedge fund has previously filed paperwork for several other ETFs. Some of these have already been acknowledged by the Commission and await approval. “Axelar has one of the best dev teams in blockchain. Most viable protocols work…
Welcome to The Protocol, CryptoX’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, the Ethereum protocol reporter at CryptoX. In this issue: Ethereum’s Second Buggy ‘Pectra’ Test Could Lead to a Delayed Upgrade Ethereum Foundation Picks New Co-Executive Directors, Following Leadership Reshuffle Layer-2 BOB’s ‘Bitcoin DeFi’ Continues Progress With Fireblocks Integration Popular Crypto Wallet MetaMask Unveils New Roadmap This article is featured in the latest issue of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get…
CleanSpark grew its Bitcoin treasury by approximately 6% from mining operations in February, the crypto miner said on March 5. During the month of February, CleanSpark mined a total of 624 Bitcoin (BTC), worth upward of $55 million at Bitcoin’s spot price of around $89,000 as of March 5, according to CleanSpark’s monthly report. The company sold 2.73 BTC in February at an average price of more than $95,000 per BTC. It added the rest to its corporate treasury, which holds a total of 11,177 BTC as of Feb. 28,…
Just as anabolic steroids are to bodybuilders, fiscal and monetary stimuli have been the lifeline for markets and the economy. Over the decades, nation-states have relied heavily on these fiscal injections to buff up markets and respective economies. Now, to the delight of BTC and risk asset bulls, China, the world’s second-largest economy, and European Union’s heavyweight Germany have announced fresh fiscal bazookas. That might help calm crypto and traditional market nerves about the negative impact of the Trump administration’s plan to reduce spending and the President’s tariffs policies. The…
Ripple Labs is free to sell XRP tokens to raise operational capital, according to comments from the company’s chief technology officer. His remarks have sparked concerns among cryptocurrency investors. “XRP isn’t a security because Ripple doesn’t actually owe you ‘utility’ or anything else,” Pierre Rochard, vice president of research at Riot Platforms, wrote in a March 5 X post. “They are free to dump on you and you have no right to do anything about it other than join them in dumping XRP,” Rochard said, cautioning that investors are “not…
Technical charts, particularly the shape of candlesticks, often reflect the psychology behind the market, highlighting trader sentiment and behavior. Since Friday, at least two bitcoin (BTC) candles have indicated bullish undercurrents at multi-month lows, providing a glimmer of hope for crypto bulls. The chart below shows that BTC’s price decline has stalled at the 200-day simple moving average support level since last Wednesday. Daily candles for Tuesday and Friday are of particular interest, as both have small bodies with long lower wicks, hinting at bear failures below the 200-day SMA.…
Japan’s Metplanet has become the largest corporate holder of Bitcoin in Asia after its latest purchase. According to the company’s CEO, Simon Gerovich, Metaplanet grabbed another 497 BTC at around $88,448 per coin, investing nearly $44 million in the process on March 5. This latest buy bumps its total stash to 2,888 BTC, worth over $251 million, with Bitcoin hovering around $87,198 at press time. The Japanese firm bought the dip as Bitcoin dropped over 8% on March 4 as concerns regarding a potential trade war and fresh tariffs from…