Category: CryptoX News

How FDIC Forces Banks to Stop Services to Crypto Clients

On Feb. 5, 2025, the Federal Deposit Insurance Corporation released 175 documents from the Biden-era FDIC correspondence ahead of the U.S. Senate Banking Committee GOP hearing on the debanking of crypto companies. New documents reveal new details of the so-called “Operation Choke Point 2.0.” Following Trump’s inauguration, a pro-crypto team took the FDIC over and sided with Coinbase in the battle against the alleged debanking of the companies working with cryptocurrency.  In 2024, Coinbase sued the FDIC. The move allowed the company to use the Freedom of Information Act to…

Trump’s CFTC Head Slams Prediction Markets Resistance Under Predecessor

The U.S. Commodity Futures Trading Commission’s legal campaign against prediction market platforms such as Polymarket and Kalshi can’t just be shut down, according to Caroline Pham, the acting agency chairman put in place by President Donald Trump. Pham said the agency will gather experts for a roundtable meeting, probably next month, that can build a case for how the commission ought to approach regulation and oversight of firms that offer betting on event contracts. She noted that despite her continued objections in recent years to former Chairman Rostin Behnam’s enforcement…

MSTR Reports Q4 Loss; BTC Holdings Remain At 471,107

Strategy (MSTR) reported a fourth-quarter net loss of $3.03 per share, compared to income of $0.50 per share a year earlier. The loss incurred as the company took an impairment charge on its 471,107 token bitcoin (BTC) holdings. It’s been an extremely eventful week for Strategy prior to the earnings, including an upsizing in the company’s preferred stock offering and a name change just hours ago. The firm recently ended a long string of bitcoin purchases and currently holds 471,107 tokens worth roughly $45 billion. The Financial Stability Accounting Board…

Raydium is Solana’s AMM King. Can it Corner the Perps Market Next?

Decentralized crypto trading engine Raydium is making a bid for Solana’s multibillion dollar perpetuals market – and gaining traction fast. Raydium’s weeks-old foray into offering these hyper-popular derivatives contracts – they allow crypto traders to speculate on price swings without holding the actual token – is already racking up $100 million in daily trading volume. It’s now Solana’s third most popular venue for trading perps, behind Jupiter and Drift, this ecosystem’s trading heavyweights. The growth comes despite Raydium perps’ nascency; its builders haven’t poured marketing capital on promoting a trading…

Gold-Backed Cryptocurrencies Shine as Precious Metal Hits Record High Amid Trade War Worry

Gold-backed cryptocurrencies are outperforming the wider market amid a historic rally for the precious metal, which is up around 9.7% so far this year to a new record of $2,880 per ounce amid growing trade war tensions. PAX gold (PAXG) and Tether gold (XAUT) have benefitted greatly from the precious metal’s rise, both rising roughly 10% in line with the spot price of gold. Each of these tokens is backed by one troy ounce of gold stored in a vault. Unsurprisingly, in the traditional market, gold miners’ stocks have also…

Dogecoin jumps 15% after market rebound, $0.50 could be next

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Dogecoin rises 15%, fueling speculation of reaching $0.50, while XYZVerse gains momentum with presale interest. After a strong recovery in the crypto market, Dogecoin has soared by 15%, marking a significant uptick in its value. This sudden surge has sparked speculation about its future, with many wondering if the popular meme coin is heading towards the $0.50 milestone. The latest price movements have reignited interest and debate among cryptocurrency…

XRP Ledger Experiences Temporary Halt, Recovers Without Losses

Ripple’s XRP Ledger (XRPL) temporarily halted block production for about an hour on Tuesday due to a possible network drift. The network has since fully recovered, with no loss of assets or transactions reported. XRP Ledger Experiences Unusual Halt in Block Production Ripple’s XRP Ledger, one of the longest-running blockchain networks, experienced a rare disruption […] Source CryptoX Portal

QCP Capital: Crypto Markets Face Volatility Amid Geopolitical Uncertainty

According to an analysis by QCP Capital, crypto markets remain turbulent as traders evaluate unfolding geopolitical events and macroeconomic influences. QCP Analysts Remain Cautious About Negative Geopolitical Shocks From U.S.-China Tensions QCP Capital notes that traditional financial markets continue to experience erratic trading, with the S&P 500 laboring to sustain the crucial 6,000 mark. This […] Source CryptoX Portal

‘Is this even real? Absolute joke:’ WazirX’s restructuring plan sparks furious outcry

Hacker Indian crypto exchange WazirX’s latest move has users furious: either support new DEX plan or sit tight for five years to get their money back. Indian crypto exchange WazirX, which lost hundreds of millions in customer funds in a 2024 hack, is making waves again. This time, over a restructuring plan that’s sparking outrage among users. In an X post on Tuesday, Feb. 4, WazirX laid out a “breakdown of what happens” depending on whether the community backs its proposal. Urging users to “understand what to expect in both…