Category: CryptoX News

Cryptocurrency Market Lacks Positive Catalysts in the Near Term, JPMorgan (JPM) Says

The cryptocurrency market is lacking positive catalysts in the near term, Wall Street bank JPMorgan (JPM) said in a report Wednesday. The correction in crypto markets in recent months has seen both bitcoin (BTC) and ether (ETH) futures near backwardation, which is a sign of lower demand, the report said. Backwardation occurs when the spot price of an asset is higher than the price trading in the futures market. “This is a negative development and indicative of demand weakness by those institutional investors that use regulated CME futures contracts to…

QCP Insights: Solana Faces Pressure Ahead of 30 Million Token Unlock

Crypto markets remain under pressure amid inflation concerns and looming tariff hikes, with Solana facing added volatility ahead of a major token unlock. Crypto Markets Struggle as Inflation Fears and Tariff Tensions Weigh on Sentiment QCP Insights for Feb. 19 showed that inflation fears and escalating tariff tensions continue to dominate global market sentiment. While […] Source CryptoX Portal

Study: Political Memecoins Lead to Investor Disillusionment

A survey revealed that politically-themed memecoins like TRUMP, LIBRA, and CAR attracted many first-time crypto investors, but also led to significant losses and disillusionment. Memecoin Losses Prompt 21% of New Crypto Investors to Quit A survey study of 1,066 crypto investors conducted by Chainplay in collaboration with Storible found that nearly 80% bought president-endorsed memecoins […] Source CryptoX Portal

Canary Capital Litecoin Spot ETF LTCC listed on DTCC

Canary Capital’s spot Litecoin ETF has been listed on the Depository Trust and Clearing Corporation under the ticker LTCC, marking a key step toward its potential launch.  The listing, which showed up on DTCC late Thursday Feb. 20, does not guarantee regulatory approval but signals that the necessary infrastructure for trading is being put in place.  The DTCC serves as a key clearing and settlement provider for U.S. securities, listing both active ETFs and pre-launch funds awaiting approval. Ultimately, the ETF still requires approval from the U.S. Securities and Exchange…

Coinbase CEO Sees Meme Coins as Gateway to Mass Crypto Adoption

Meme coins may seem frivolous now, but their evolution could reshape crypto, Coinbase’s CEO said, warning against scams while urging openness to their potential impact. Coinbase CEO Brian Armstrong: ‘We Should Be Open Minded About Where Memecoins Are Going’ Coinbase CEO Brian Armstrong has shared his thoughts on meme coins, recognizing their significance in the […] Source CryptoX Portal

US Seizes Millions in Crypto With Binance Ties—Feds Uncover Global Fraud Ring

The U.S. seeks to forfeit millions in crypto from a Binance account, alleging wire fraud and money laundering tied to a fraudulent investment scheme. US Government Moves to Forfeit Crypto Seized from Binance Account The U.S. government has initiated a civil forfeiture action against cryptocurrency holdings seized from a Binance account, alleging their involvement in […] Source CryptoX Portal

Jack Dorsey is Satoshi Nakamoto, Matthew Sigel of VanEck claims

On Feb. 18, 2025, Head of Digital Assets Research at VanEck, Matthew Sigel, published a long post on X, claiming that he is convinced Jack Dorsey is Satoshi Nakamoto. Sigel backed his claim with a body of evidence compiled by an entrepreneur, Sean Murray. Disregarding the fact that many Bitcoin supporters attribute part of its perfection to the total absence of the leader, the search for enigmatic Bitcoin creator Satoshi Nakamoto continues. Sigel points out that the arguments he is bringing need better revision, and he urges everyone to participate.…

Bitgo and Copper Introduce Off-Exchange Settlement Model With Deribit Integration

Crypto firms Bitgo Trust Company, Inc. and Copper have launched a trading model allowing clients to execute spot and derivatives trades on Deribit while assets remain in off-exchange custody, the two companies announced Feb. 20. New Trading Solution Combines Bitgo Custody, Copper Settlement for Deribit Trades The solution enables investors to trade on Deribit, a […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Blockchain Association Urges Congress to Back Cruz Measure to Overturn DeFi Broker Rule

The Blockchain Association is urging Congress to support a measure sponsored by Sen. Ted Cruz that aims to overturn the Internal Revenue Service’s decentralized finance broker rule. Broker Rule Threatens U.S. DeFi Leadership The Blockchain Association has urged the U.S. Congress to pass a measure sponsored by Senator Ted Cruz that seeks to “overturn the […] Source CryptoX Portal