Category: CryptoX News

Ex-Valkyrie CEO Leah Wald’s Sol Strategies Bolsters SOL Holdings to More than $40M

Solana-focused Canadian investment company Sol Strategies purchased 40,300 SOL between Jan. 19 and Jan. 31, for approximately $9.9 million at an average price of $246.53 per token. The Toronto-based company, which runs three mainnet Solana validators, said that it now holds 189,968 SOL worth roughly $40.89 million purchased at an average price of C$256.21 per SOL, or around US$178.39 per token, according to a press release. Last month the firm, which has submitted an application to list on the Nasdaq, sold $2.5 million of convertible debentures to add an additional…

A Q&A With Vivek Raman

Ethereum is facing an identity crisis. Its native token, ether (ETH), is underperforming against competitors, and longtime builders are beginning to question whether the chain’s technology is falling behind—and if its community is losing focus. The Ethereum Foundation, the nonprofit that stewards Ethereum’s development, has been blamed for many of the network’s struggles. Co-founder Vitalik Buterin is spearheading a massive leadership shake-up at the organization, but his central influence over the process has sparked its own controversy. Meanwhile, rival ecosystems like Solana are capitalizing on the uncertainty, attracting top talent…

Trump Barks, China Bites Back—Imposing Tariffs, Anti-Dumping Probes, and Export Limits

While reports indicate that Canada and Mexico may be spared the tariffs instituted by the Trump administration, China was not included in those analyses. China was hit with a 10% tariff on imports beginning this week, which applies to all goods imported from China. Trump’s Trade Strategy Meets China’s Defiant Response Markets improved on Monday […] Source CryptoX Portal

Hong Kong SFC Doubles Down on Crypto Regulation With Staff Hires

Hong Kong’s Securities and Futures Commission (SFC) is looking to increase its headcount, with more than half the added roles dedicated to regulating crypto, according to a two-year budget plan presented to the Legislative Council, the region’s legislative body known as Legco. Despite freezing its headcount in three of the five financial years since 2020, it is looking to add another 15 people, eight of whom will be dedicated to crypto as the regulator furthers its commitment to regulate the industry. “Eight of the proposed new headcount is for enhancing…

BTC Hashrate Hits All-Time High Defying Analyst Expectations

Bitcoin (BTC) hashrate has reached another all-time high, with seven-day moving average jumping to 833 exahashes per second (EH/s), according to Glassnode data. This represents a 9% increase from 767 EH/s in the past few days. According to Miner Mag, pre-orders for mining hardware have begun to decline following the pre-halving surge. Many mining firms had stocked up on equipment in anticipation of this event, ensuring their operations remained competitive; however, analysts now expect a slowdown in hashrate growth. Hashrate measures the computational power used to secure the bitcoin network…

South Korean city to launch its own crypto seizing system for tax evaders

A city in South Korea plans to launch its own virtual asset electronic seizing system next month to seize crypto assets belonging to tax evaders. According to South Korean media outlet Energy Kyungjae, the city of Gwacheon has announced that it will launch “its own electronic virtual asset seizing system.” The city regulators hope to use the IT solutions in the wider Gyeonggi Province to identify crypto wallets belonging to tax evaders living in the city in the near future. Using the new seizing system, Gwacheon City will mainly target…

SEC Cleaning House: Probes to Be Approved by Commissioners

The alleged change, which would require SEC attorneys to obtain the approval of the commission as a whole, is part of the institution’s new directives aimed at increasing the efficiency of its probes and actions. SEC Allegedly Changing Modus Operandi: Formal Probes Would Need Prior Approval The U.S. Securities and Exchange Commission (SEC) is changing […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Latam Insights Encore: El Salvador on a Tightrope While Juggling IMF’s Requirements

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. This edition examines the future of El Salvador after yielding to the IMF’s bitcoin de-risking policies. Latam Insights Encore: El Salvador Struggles to Keep Being a Bitcoin Country Finally, it happened. While many were […] Source CryptoX Portal

TRON, MOVE Deny ‘Token Swap’ Deal for World Liberty Financial Inclusion

Representatives from two protocols that have tokens held by the treasury of World Liberty Financial (WLFI), a crypto project backed by President Donald Trump and his family, are denying the existence of a token swap agreement that required a $10 million – $15 million buy-in to get included in the project. A report from Blockworks on Monday alleged that representatives from WLFI had pitched protocol teams on a deal to get included in the project’s treasury. The deal was they could buy $10 million WLFI tokens plus a 10 percent…