Category: CryptoX News

Crypto.com and Kalshi face CFTC scrutiny over Super Bowl event contracts

Prediction markets are booming, but the CFTC is paying attention. With Crypto.com and Kalshi under review, could stricter oversight be coming for event-based trading? The Commodity Futures Trading Commission is closely scrutinizing Crypto.com and Kalshi Inc., seeking clarity on how their newly launched Super Bowl event contracts align with U.S. derivatives regulations, according to Bloomberg.  This heightened oversight comes on the heels of a Jan. 27 announcement in which the CFTC’s leadership pledged to monitor emerging issues in the derivatives market, with event-based trading products falling squarely in their sights.…

Testing meme launches like Panshibi

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Chainlink’s path to resurgence may lie in embracing meme coin launches like Panshibi, which is growing significantly. When cryptocurrency debuted with Bitcoin in 2009, it took a while for investors to catch on, which was understandable considering the novelty of the idea. Today, the cryptocurrency market is worth well over $3.5 trillion. However, the growth hasn’t stopped market stalwarts like Chainlink from falling behind due to market volatility. This…

Elon Musk Calls for ‘Massive Reset’ of US Tax Regulations—Says They’re ‘Torturing’ Americans

Elon Musk says the U.S. tax code is torturing Americans, demanding an urgent reset while slamming wasteful government spending and pushing for massive federal budget cuts. Elon Musk Slams US Tax Code as Torture Tesla and Spacex CEO Elon Musk is pushing for a complete revamp of the U.S. tax structure, arguing that existing policies […] Source CryptoX Portal

Coinshares: Digital Asset Inflows Hit $527 Million Amid Market Volatility and Trade Tariff Concerns

Inflows into digital asset investment products crossed $500 million, despite the larger macroeconomic events that moved the market. Green Week for Digital Assets Despite Trade Tariffs and Deepseek Volatility Digital asset investment products recorded $527 million in inflows last week, despite investor uncertainty driven by macroeconomic factors such as U.S. trade tariffs and China’s Deepseek […] Source CryptoX Portal

Bitcoin Price (BTC) Gains After Trump Executive Order for Sovereign Wealth Fund

U.S. President Donald Trump signed an executive order Monday afternoon charging the Treasury and Commerce Departments with creating a sovereign wealth fund. While Treasury Secretary Scott Bessent has expressed at least cautious interest in crypto, Commerce Secretary nominee Howard Lutnick has been a loud champion for the sector. His bond trading powerhouse Cantor Fitzgerald is the custodian for stablecoin giant Tether’s massive holdings of government paper, and Lutnick himself has talked about his own personal massive exposure to bitcoin (BTC). Appearing alongside Trump in the Oval Office Monday, Bessent said…

Index Plunges 17.1% Over the Weekend

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 3112.63, down 17.1% (-641.58) since 4 p.m. ET on Friday. None of the 20 assets are trading higher. Leaders: BTC (-6.8%) and SOL (-14.8%). Laggards: FIL (-33.9%) and AAVE (-29.3%). The CryptoX 20 is a broad-based index traded on multiple platforms in several regions globally. Source CryptoX Portal

Bybit CEO estimates crypto wipeout crossed $8b, more than $2b reported

Bybit CEO Ben Zhou has suggested that the ongoing crypto market liquidation event may be significantly larger than widely reported. According to CoinGlass data, over $2 billion in digital liquidations in 24 hours on Monday, Feb. 3, marking the single largest liquidation event in crypto history. Several analysts estimated liquidations exceeded $2.2 billion, surpassing the COVID crash and FTX collapse, two of the most significant liquidation events ever recorded. Yet, Zhou said the numbers may be underreported due to API limits. According to Bybit’s co-founder, the crypto exchange limits how…