Category: CryptoX News

Informal Systems’ Malachite Acquired by Circle to Power New Arc Blockchain Network for Stablecoin Finance

Informal Systems has announced the acquisition of its high-performance consensus engine, Malachite, by Circle Internet Group, Inc. (NYSE: CRCL) to support the launch of Arc1, a new Layer-1 blockchain network designed specifically for stablecoin finance. The Arc network is set to debut in testnet later this year, leveraging Malachite’s Byzantine Fault Tolerant (BFT) consensus engine, […] Source CryptoX Portal

Coinbase Declares Stablecoins Superior—Faster, Cheaper, More Global Than Legacy Finance

Stablecoins are dominating the future of finance as billion-dollar IPOs ditch cash for blockchain, unlocking unmatched speed, savings, and global access. Stablecoins Power Historic $1.15B IPO, Reshaping Market Infrastructure Stablecoins are becoming an increasingly common tool in financial markets, viewed as faster, cheaper, and more globally accessible than traditional settlement systems. Coinbase reinforced this perspective […] Source CryptoX Portal

Fed Official Says Staff Should Be Allowed To Hold Crypto

The Federal Reserve’s top regulatory official says staff from the US central bank should be allowed to invest a small amount in crypto to help them understand the technology. Fed vice chair for supervision Michelle Bowman said at a blockchain event in Wyoming on Tuesday that the regulator should consider allowing its staff “to hold de minimus amounts of crypto or other types of digital assets so they can achieve a working understanding of the underlying functionality.” “We will soon be establishing a framework for supervising issuers of these assets,”…

Tether Hires Former White House Crypto Director to Supercharge US Stablecoin Race

Tether is escalating its U.S. expansion with a high-profile hire from the Trump administration, signaling a bold push to influence stablecoin policy and dominate digital assets. Trump’s Crypto Strategist Joins Tether in Bold Move to Lead US Stablecoin Shift Tether announced on Aug. 19 that Bo Hines has been appointed as Strategic Advisor for Digital […] Source CryptoX Portal

Michael Saylor’s MSTR Declines 7.8% Alongside Drop in Bitcoin

Crypto-related stocks tumbled on Tuesday in a broad-market crypto slide that brought bitcoin down to $113,000. Strategy (MSTR), the largest corporate owner of BTC, closed the session 7.8% down at $336, at its weakest price since April 22. Ethereum treasury firms SharpLink Gaming (SBET) and BitMine (BMNR) lost 8%-9%, while Solana-focused accumulators DeFi Development (DFDV) and Upexi (UPXI) plunged 13.7% and 9%, respectively. Digital asset investment firm Galaxy (GLXY) slid 10%, while Robinhood (HOOD) sank 6.5% and Coinbase (COIN) fell 5.8%. BTC miner MARA Holdings (MARA) declined nearly 6%, while…

Corporate Ether Holdings at Sharplink Surge to Over 740,000 ETH

Sharplink Gaming, Inc. has significantly expanded its ethereum ( ETH) holdings, reporting a total of 740,760 ETH in its corporate treasury as of Aug. 17. Sharplink’s Ether Buying Spree Continues The company disclosed that it acquired 143,593 ETH last week, spending a net average of $4,648 per token. This aggressive purchasing was funded by substantial […] Source CryptoX Portal

SkyBridge Capital to tokenize $300m in hedge funds on Avalanche

SkyBridge Capital, an investment firm founded by Anthony Scaramucci, plans to tokenize $300 million worth of assets on Avalanche. Summary Anthony Scaramucci’s SkyBridge Capital plans to tokenize $300 million in two funds on Avalanche. SkyBridge Capital will partner with Tokeny on the initiative. SkyBridge Capital announced the project on August 19,  noting that the company is looking to tokenize $300 million in two funds on the Avalache (AVAX) blockchain. The initiative is a collaboration between SkyBridge Capital and Tokeny, an enterprise-grade tokenization platform recently acquired by $3.5 trillion financial services…

Bybit & Block Scholes Report: ETH Nears ATH on $1B ETF Inflows

DUBAI, UAE, Aug. 19, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Block Scholes, released its latest Crypto Derivatives Analytics Report, offering deep insights into market-moving macro events, the state of crypto markets, and trading signals from spot and derivatives markets. Last week, Ether (ETH) surged more than 20%, approaching its November 2021 all-time high, fueled by record institutional participation and a historic $1 billion single-day inflow into ETH Spot ETFs on August 11, 2025. Firms such as SharpLink Gaming and BitMine Immersion Technologies…

Google Searches for Alt Season Plunge

Key Notes Google searches for “alt season” in the US collapsed from 100 in July to 23 now. Ethereum and altcoins saw sharp selloffs after recent multi-year highs. Institutional adoption and potential spot ETFs keep hopes of the alt season alive. Earlier this month, excitement around “alt season” spread across the crypto space. However, Google Trends data now shows a sharp decline in U.S. searches, signaling fading hype and waning retail investor interest. Is Alt Season Hype Fading? There has been a dramatic collapse in search interest for the term…