Category: CryptoX News

21Shares Ethereum ETF Staking proposal acknowledged by SEC

The U.S. Securities and Exchange Commission (SEC) has acknowledged a 19b-4 filing from Cboe BZX Exchange, submitted on behalf of 21Shares, seeking approval to stake Ethereum held within the 21Shares Core Ethereum ETF. On Feb. 20, the SEC published a statement acknowledging receipt of the 21Shares’ Ethereum (ETH) ETF staking proposal following its review of the filing from Cboe BZX Exchange. If approved, this would be the first time an Ethereum ETF offers staking in the United States. By staking ETH, the plan seeks to enable the ETF to produce extra profits,…

Coinbase and Ripple Propose Big Changes as Elon Musk’s DOGE Targets SEC Reform

Crypto leaders are rallying behind Elon Musk’s DOGE initiative, offering bold suggestions to curb SEC overreach, demand accountability, and push for pro-crypto regulatory reforms. Crypto Industry Challenges SEC Amid DOGE Initiative Crypto industry leaders, including executives from Coinbase and Ripple, have responded to the Department of Government Efficiency (DOGE), an initiative led by Elon Musk, […] Source CryptoX Portal

Memecoin Craze Is ‘Unquestionably Over’ as Crypto Heads Towards Maturation, Nic Carter Says

The era of memecoins as a supposedly fair trading opportunity is “unquestionably over,” according to Nic Carter, a partner at Castle Island Ventures. In a post on X, Carter argued that memecoins—tokens with little to no utility beyond speculative trading—were initially attractive because they appeared to offer an even playing field for retail investors. However, with recent scandals such as LIBRA coin, the market has been overtaken by insiders, prelaunch deals, and bot-driven trading, leaving everyday traders at a disadvantage. “The entire premise of memecoins was that they were ‘fair…

Aptos (APT) Surges 16.6% as All Assets Trade Higher

CryptoX Indices presents its daily market update, highlighting the performance of leaders and laggards in the CryptoX 20 Index. The CryptoX 20 is currently trading at 3194.09, up 3.3% (+101.56) since 4 p.m. ET on Tuesday. All 20 assets are trading higher. Leaders: APT (+16.6%) and LTC (+7.3%). Laggards: BTC (+2.4%) and ADA (+2.4%). The CryptoX 20 is a broad-based index traded on multiple platforms in several regions globally. Source CryptoX Portal

Czech National Bank Chief Ales Michl Continues Making Case for Bitcoin (BTC)

Czech National Bank Governor Ales Michl on Wednesday continued his campaign for possibly adding bitcoin (BTC) to the central bank balance sheet, including encouraging words for those frustrated by the reputational damage inflicted on bitcoin by the broader crypto market. The crypto market will experience “failures and successes,” wrote Michl in a longish X post. “Bitcoin, however, is a different story. It should not be lumped together with other crypto assets.” It might not be a coincidence that Michl chose to post this after the events of the past few…

Hong Kong’s crypto strategy advances with new exchange approval

Hong Kong continues its push to establish itself as a leading digital asset hub, with the Securities and Futures Commission granting Bullish, a Peter Thiel-backed crypto exchange, regulatory approval to operate in the city. This brings the total number of licensed virtual asset trading platforms in Hong Kong to ten. The Securities and Futures Commission reaffirmed its commitment to a “vibrant and promising” digital asset future, outlining a roadmap that emphasizes regulatory clarity, institutional participation, and enhanced investor protections. These developments were further highlighted during Consensus Hong Kong 2025, where…

Iranians ‘flocked’ to crypto as rial collapses and restrictions grow

Crypto adoption in Iran surged in 2024 as citizens sought to escape economic turmoil and government-imposed financial restrictions. According to Chainalysis, Iranian crypto outflows reached $4.18 billion — up 70% year-over-year — as trust in the financial system eroded and sanctions pressure mounted. Iran has long been isolated from the global banking system due to U.S. sanctions, particularly after Washington withdrew from the 2015 nuclear deal in 2018. The Iranian rial has lost nearly 90% of its value since then, with inflation hovering between 40–50%. In December, the government halted…

Private Jets, Political Cash Among $1B in Sam Bankman-Fried’s Forfeited Assets: Court

A federal court has outlined just how extensive Sam Bankman-Fried’s assets were before the young CEO of FTX was tried and imprisoned for fraud, and the government swooped in to seize roughly $1 billion in financial assets and two aircraft. The final order of forfeiture issued on Tuesday by the U.S. District Court for the Southern District of New York formally severed Bankman-Fried’s ownership stake in a property list dozens of pages long. The court document revealed the wide swath of assets the one-time billionaire claimed ownership in, including extensive…