Category: CryptoX News

$1.6B Bitcoin Whale Shifts Another $113M BTC Into $240M ETH Long

A recently emerged Bitcoin whale, or big investor, continued to acquire Ether, transferring another $113 million worth of Bitcoin after seven years of dormancy. The Bitcoin whale sold $76 million worth of Bitcoin (BTC) and opened a $295 million perpetual futures long position on Ether (ETH), Cryptox reported earlier Thursday. The mysterious whale closed part of his perpetual futures positions and deposited another 1,000 BTC worth $113 million on the decentralized exchange Hyperliquid, most of which was sold to enter the long spot Ether position. The whale held 55,700 spot…

TRM Labs and Crypto Giants Launch Beacon Network to Combat Crypto Crime

TRM Labs and the world’s largest exchanges, including Coinbase and Binance, have launched the Beacon Network, an initiative that seeks to combat onchain crypto crime and prevent the illicit movement of funds through offramps to the fiat ecosystem. TRM Labs Launches Beacon Network, Targets Crypto Crime Crypto-based crime is becoming a problem, and exchanges and […] Source BitcoincryptoexchangeExchanges CryptoX Portal

BTC price clings to $113k as cooling demand signals more downturn ahead 

With Bitcoin price is still in the red and price trading sideways all week, investor sentiment has weakened and demand is slowing. Summary Bitcoin’s price has been hovering around $113,000 for the past week as the market struggles to find momentum. The cryptocurrency has lost approximately 8% over the week and is now 8.4% below its all-time high of $124,128. CryptoQuant analysis shows Bitcoin’s struggles are driven by reduced demand and increased profit-taking. Bitcoin (BTC) price is trading at $113,770 as of press time, continuing its week-long hover around this…

Whale Accumulation Drives Dogecoin’s V-Shaped Recovery From $0.21 Lows

Dogecoin rebounded sharply from $0.21 lows, closing at $0.22 after a late-session surge in volume and aggressive whale accumulation, even as security risks from Qubic’s attack threat linger. News Background DOGE has faced pressure this month after reports tied to Qubic’s potential 51% attack spooked retail traders and drove selling. Despite those risks, on-chain data shows whale cohorts accumulated more than 680 million DOGE in August, offsetting retail outflows. Broader market sentiment has been mixed, with Bitcoin and Ethereum consolidating near highs, leaving…

Nexo Launches AI Tool for Real-Time Crypto Insights and Portfolio Access

Nexo launched its new artificial intelligence (AI)-based a conversational tool designed to deliver real-time crypto insights, personalized portfolio data, and seamless product access. Privacy and Data Sources Nexo, a digital assets wealth platform, announced on Aug. 20 the launch of an artificial intelligence (AI) assistant to offer users a “conversational” experience that combines real-time insights, […] Source CryptoX Portal

Real-Time Crypto Crime Network Launched By Major Firms

A collective of crypto and traditional finance firms, law enforcement and security researchers has formed a new “crypto crime response network” — known as the Beacon Network — to identify and freeze illicit funds on the blockchain.  TRM Labs on Wednesday said the “Beacon Network” creates “an unprecedented level of industry collaboration to block off-ramps for criminal funds.” At least $47 billion has been sent to fraud-related addresses since 2023, according to new data from TRM Labs, though the number is likely to be far higher.  Under the Beacon Network,…

India Seeks Crypto Industry Feedback on Tax Policy, TDS Burden, Offshore Shift

India’s top tax authority is actively engaging crypto platforms on tax rules, signaling momentum toward a potential dedicated framework that could redefine taxation, oversight, and market competitiveness. India Evaluates Crypto Market Taxation Amid Industry Demands for Policy Reform The Central Board of Direct Taxes (CBDT), India’s top direct tax authority, reportedly reached out to domestic […] Source CryptoX Portal

Circle Joins Binance-Led Travel Rule Network to Accelerate Global Crypto Standards

Circle is accelerating global crypto compliance by aligning with Binance’s Travel Rule network, expanding secure USDC transfers and strengthening regulated interoperability across leading digital asset platforms. Advancing Regulated Crypto Flows, Circle Aligns With Binance on Travel Rule Push Circle Internet Group (NYSE: CRCL) announced on Aug. 20, 2025, that it has expanded its compliance strategy […] Source CryptoX Portal

Ripple Highlights Custody as Core Infrastructure for $18.9T Tokenization Market

Ripple is spotlighting custody as the backbone of digital finance, driving stablecoin adoption, tokenized asset growth, regulatory confidence and next-generation programmable infrastructure set to transform global markets. Ripple Maps the Future Where Custody Powers Stablecoins, Tokenized Assets, and Compliance Ripple published insights on Aug. 18 emphasizing the strategic importance of digital asset custody for institutions […] Source CryptoX Portal

ETH Futures Neutral As Onchain Data Points To Price Rebound

Key takeaways: Ether’s futures premium and derivatives remain stable, reflecting resilience despite the recent price downturn. Onchain metrics highlight Ethereum’s dominance in fees and TVL, supporting stronger long-term recovery potential. Ether (ETH) appears to have found support near $4,070 on Wednesday after a sharp six-day, 15.1% drop. The move erased $817 million in bullish leveraged positions but failed to trigger a broad bearish shift. Instead, ETH derivatives show traders remain unfazed by additional downside, suggesting $4,700 remains within reach.  ETH 6-month futures annualized premium. Source: laevitas.ch ETH’s annualized futures premium…