Category: CryptoX News

Grayscale launches DOGE trust: is an ETF next? 

Grayscale Investments has launched the Grayscale Dogecoin Trust, offering institutional and accredited investors exposure to Dogecoin. The move follows a surge in institutional interest and increasing demand for Dogecoin (DOGE) investment products, according to a Grayscale press release. Dogecoin, initially created as a meme coin, has evolved into a widely adopted digital asset with a market capitalization of $50 billion. Over the past year, its price has tripled, driven by growing investor interest and the expansion of crypto-friendly policies under the Trump administration. Grayscale believes Dogecoin’s accessibility and low transaction…

Gemini: Over 50% of Gen Z Own Crypto, Driving Adoption Trends

The 2024 state of crypto report by Gemini examines the factors driving crypto adoption for the youngest generation of investors. Gen Z Are Driving Crypto Adoption A recent survey by Gemini reveals that Gen Z is leading global crypto adoption. Over 51% of respondents aged 18-29 report having owned or currently own cryptocurrency. This rate […] Source CryptoX Portal

Can the Dogecoin price realistically hit $1 in February?

Dogecoin’s price rose for three consecutive days this week as the cryptocurrency market stabilized and following the launch of a new fund for accredited investors by Grayscale. Dogecoin (DOGE), the largest meme coin in the crypto industry, climbed to a high of $0.3340, gaining 12% from its lowest point this week. The primary catalyst for Dogecoin’s rebound was Grayscale’s announcement of a new investment fund. The company noted that Dogecoin had evolved from a meme coin into a tool for global financial inclusion. This development coincided with growing optimism among…

Pi Network price at risk of a 32% crash as mainnet launch odds fall

The Pi Network price remained under pressure on Friday after the developers postponed the grace period for the know-your-customer verification deadline. The developers announced that the new deadline for completing the verification process will be February 28. This marks the third time the deadline has been extended. The developers noted that the extension will allow as many pioneers as possible to conduct the KYC process and migrate their tokens to the mainnet. Pioneers who do not complete the process by February 28 will only be able to migrate tokens mined…

A Blueprint for Crypto Market Structure

The digital asset industry stands at a critical, hopeful juncture. After years of fragmented approaches to regulation and legislation, we’ve reached a moment where clarity is both urgent and achievable. Blockchain Association’s consensus-driven market structure principles, which represent the perspective of the leading companies in the industry, offer a framework for the path forward. The market structure principles that emerged from this collaborative effort reflect the maturation of the industry and the focus required to enact meaningful legislation and achieve smart regulation. The principles tackle twelve key areas – at…

Stablecoin Liquidity Hits Record Highs, Signaling Potential Crypto Rally: Cryptoquant 

The cryptocurrency market appears primed for an extended rally as stablecoin liquidity reaches unprecedented levels, fueled by the rapid expansion of tether (USDT) and Circle’s USDC, according to an end-of-the-month analysis from blockchain analytics firm Cryptoquant. Cryptoquant Report Examines Stablecoin Growth and Market Implications Cryptoquant analysts disclosed that the total market capitalization of USD-pegged stablecoins […] Source CryptoX Portal

Stablecoin market cap jumps $37b, hits record high since Trump’s victory

The market capitalization of stablecoins has jumped by $37.6 billion since U.S. president Donald Trump’s electoral victory in November. A new report from on-chain analytics provider CryptoQuant has revealed that the total value of USD-denominated stablecoins in circulation has jumped to a new record high since the announcement on Nov. 6. The report, which tracks the total market cap of Tether (USDT), USD Coin, Binance USD, True USD, Pax Dollar, and DAI, reveals that they have collectively hit $204 billion, representing a 22 percent rise in value in the 86…

World Liberty doubles down on ETH with another $10m buy

World Liberty Financial, the decentralized finance project backed by U.S. President Donald Trump, has made another $10 million purchase of Ethereum. Ethereum (ETH) price has struggled for upside momentum as Bitcoin (BTC) hit new all-time high above $108k. However, Trump-backed World Liberty Financial has emerged as one of the top buyers of Ethereum, the largest altcoin by market capitalization. After purchasing $47 million worth of Ethereum on Trump’s inauguration day, the decentralized finance project has now acquired an additional $10 million in two separate transactions. The latest purchase, made on…

Cardano Consolidates Within A Symmetrical Triangle – Expert Sees A 40% Move Once It Breaks

Este artículo también está disponible en español. Cardano (ADA) has been trading below the $1 mark for the past few days, fueling uncertainty and speculation among investors. As the broader market experiences shifting sentiment, ADA remains in a tight consolidation phase, leaving traders eager for its next move. Related Reading However, market conditions have improved, and bullish sentiment is returning as Bitcoin flirts with a potential rally. With BTC leading the way, analysts believe altcoins like ADA could soon follow, setting the stage for a major breakout. Top crypto analyst…