Category: CryptoX News

How to Prepare for a Major Compliance Failure Settlement: The OKX Approach

Confidential protocols put in place to deal with news of regulatory failings by one of the top-five crypto exchanges, OKX, suggest that the company likely has been expecting a settlement with U.S. authorities for some time. This happened on Monday when OKX announced a $500 million-plus settlement with the U.S. Department of Justice after failing to secure a money transmitter license and allegedly facilitating $5 billion in “suspicious transactions and criminal proceeds.” OKX’s meticulous planning makes for some fascinating reading. The secret crisis management document seen by CoinDesk refers to…

Sea of Red: Altcoins Bleed Billions, Crypto Market Sinks to $2.84 Trillion 

The cryptocurrency market plunged 7.37% to $2.84 trillion by 10:52 a.m. Eastern Time on Tuesday, marking its steepest single-day decline in months as fears over President Donald Trump’s tariff policies intensified a broad altcoin sell-off. Crypto Market Sees Worst Single-Day Drop of 2025 Every non-stablecoin among the top 45 cryptocurrencies by market capitalization traded in […] Source CryptoX Portal

Ethereum Foundation’s Aya Miyaguchi Leaving Executive Director Role

Ethereum Foundation Executive Director Aya Miyaguchi shared Tuesday that she would be leaving her position and would soon be transitioning to her new role as president at the organization. The news comes as the nonprofit goes through a leadership shake-up and as Ethereum has become less popular for new builders in recent months, with some even blaming Miyaguchi’s leadership as for why the blockchain’s token price is lagging behind other cryptocurrencies. “This new opportunity will allow me to continue supporting EF’s institutional relationships, and to expand the reach of our…

Bitcoin Price (BTC) Plunges Below $90K, but Interest Rate Outlook is Turning Positive

“I wouldn’t even be in this situation if it wasn’t for you. You brought down so much f—ing heat on me.” Robert De Niro as Ace Rothstein to Joe Pesci’s Nicky Santoro in Martin Scorsese’s Casino. Bitcoiners could be forgiven for blaming the rest of crypto for the bear move that took the price of BTC down more than 20% from a record high above $109,000 just five weeks ago to as low as $87,000 earlier on Tuesday. Bitcoin touched that record a day ahead of the presidential inauguration amid…

Time To Turn Bullish On Ethereum? CryptoQuant CEO Thinks So

Este artículo también está disponible en español. Ethereum (ETH) has plummeted 11.4% in the past 24 hours, reflecting a broader market downturn that saw Bitcoin (BTC) drop by 8%, XRP by 13.6%, and Solana (SOL) by 12.9%. Despite the sea of red, several leading voices—including CryptoQuant CEO Ki Young Ju—are calling for a more optimistic perspective on ETH. Time To Go Bullish On Ethereum Sharing his “bullish thoughts on ETH” via X, Ki Young Ju argued there has been “no significant sell pressure” despite the recent Bybit hack, pointing out…

Investor Alert: Dubai Regulator VARA Flags Unlicensed MKAN Coin Platform

The Virtual Assets Regulatory Authority (VARA) has issued an alert regarding MKAN Coin DMCC, which advertised virtual asset activities in the United Arab Emirates (UAE) without the necessary regulatory approval. VARA has instructed the company to cease all unlicensed operations and imposed a fine. The regulator said MKAN Coin’s activities expose users to significant financial […] Source CryptoX Portal

LINK Sudden Breakdown Sparks Fears Of Collapse To $12.5 Support Zone

The crypto market is no stranger to turbulence, and Chainlink (LINK) is currently caught in the eye of the storm. As bearish forces tighten their grip, prices are perilously close to testing the crucial $12.5 support level a threshold that could determine its fate in the coming days. Several factors like mounting selling pressure and broader market weakness threaten to derail its recovery prospects. LINK’s recent downturn comes after a period of consolidation, during which the asset struggled to gain upward momentum. Now, with the price breaking down and eyeing…

BTC Slides Below $89K to 3-Month Low as Nasdaq Futures Dip, Japanese Yen Sparks Risk-Off Fears

Bitcoin (BTC) dipped below $89,000 during Tuesday’s early European hours as Nasdaq futures pointed to continued losses in technology stocks and strength in the Japanese yen sparked fears of an August-like risk aversion. The leading cryptocurrency hit a low of $88,500, a level last seen in mid-November, CryptoX data shows. The losses follow recent reluctance to adopt state-managed bitcoin reserves in the U.S. “Despite U.S. President Donald Trump’s recent pro-Bitcoin stance, three state-level proposals for Bitcoin reserves failed in Montana, North Dakota, and Wyoming. The reluctance to adopt state-run Bitcoin…

Experts Warn Of 6-Month Slump To $73,000

Este artículo también está disponible en español. The Bitcoin price has fallen more than -8.8% since Friday when Bybit suffered the biggest crypto hack in history. The flagship digital asset reached a peak of $99,493 late last week, only to retreat to roughly $91,500 at press time, marking a -5.5% decline since Monday. This downturn not only shatters Bitcoin’s attempt to hold above $95,000 but also places it on the verge of losing its critical 97-day trading range between $91,000 and $102,000. Notably, Bitcoin’s price has broken below the descending…

Study: South Africa’s DeFi Market Volume Set to Hit $180M by 2028

A South African study reveals growing DeFi adoption, projecting $2.8 million in volume by the end of 2025, primarily driven by retail customers. FSCA to Focus on Stakeholder Engagement According to a study conducted by South Africa’s Financial Sector Conduct Authority (FSCA), decentralized finance (DeFi) activities are gaining traction, with projected volume expected to reach […] Source CryptoX Portal