Category: CryptoX News

No Rate Cut: Powell’s Steady Hand Defies Political Pressure; Crypto Gains Amid Equity Retreat

Following former President Donald Trump’s declaration that he would “demand” interest rate cuts from the U.S. Federal Reserve, policymakers defied external pressure Wednesday, maintaining the federal funds rate without adjustment. FOMC Monetary Policy Unmoved At its first 2025 gathering on Jan. 29, the Federal Open Market Committee (FOMC) observed that “economic activity has continued to […] Source CryptoX Portal

USDT0 Launches on Arbitrum With 1:1 Backing, Faster Transfers 

Tether has upgraded its USDT stablecoin on Arbitrum to USDT0, a cross-chain compatible asset backed 1:1 by Ethereum-based USDT reserves. Tether Transitions Arbitrum USDT to USDT0 Tether says the upgrade automatically converts existing Arbitrum USDT holdings to USDT0 without requiring user action. USDT0 will serve as Arbitrum’s canonical stablecoin, maintaining the same contract address. Transfers […] Source CryptoX Portal

Sandboxes Are a Way Out of the Regulatory Sandstorm

Regulation by enforcement is beginning to crumble, with a court recently ruling that the SEC’s refusal to issue a crypto rule was unlawful. A new crypto-friendly administration stands ready to create crypto clarity through new appointments at the SEC and the CFTC. New acting CFTC Chair Caroline Pham has proposed an uncommon approach, namely the regulatory sandbox. A regulatory sandbox is a waiver of regulations but in a supervised environment. Projects can test innovative ideas outside rigid regulatory frameworks. Federal digital asset sandboxes may come sooner than you think, but…

Bitwise Seeks SEC Approval for Dogecoin ETF—Will Meme Coins Go Mainstream?

Bitwise aims to launch a dogecoin ETF, tracking DOGE’s price directly. Will the SEC approve it? The industry anticipates more crypto ETFs in 2025. Bitwise Files for Dogecoin ETF Amid Growing Crypto ETF Trend Bitwise Investment Advisers LLC has formally submitted a registration statement to the U.S. Securities and Exchange Commission (SEC) for a proposed […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Can Trump’s “Strategic Bitcoin Reserve” Propel Bitcoin to $150,000 in 2025?

Price outlook Our analysis for 2025 forecasts bitcoin reaching a target of $150,000 in the first half of the year. However, an initial pullback may occur in Q1 if the newly inaugurated Trump administration fails to introduce the anticipated “Strategic Bitcoin Reserve” at the pace expected by the fast-moving crypto market. Even without a fully implemented reserve strategy, bitcoin is expected to rally, driven by bullish momentum. We anticipate the price to enter the $130,000–$150,000 range by Q2 of 2025, supported by strong market catalysts. You’re reading Crypto Long &…

Bitcoin (BTC) Rebounds as DeepSeek Concerns Wane, AI Tokens Regroup

By Omkar Godbole (All times ET unless indicated otherwise) The crypto market is showing signs of stabilizing, with bitcoin recovering to $102,000 and positive signals from futures tied to the Nasdaq. Leading the recovery among major cryptocurrencies is XRP, up 11%, followed by SOL with a 7% increase. AI coins, hit hard on Monday, are posting gains of as much as 4%. Risk sentiment is likely being supported by skepticism surrounding the claims of Chinese tech startup DeepSeek, which asserts it spent only $6 million to develop its competitor to…

PayPal’s PYUSD stablecoin joins Cardano’s ecosystem

PayPal USD stablecoin expands to the Cardano ecosystem via a new cross-chain bridge by Wanchain. PayPal USD (PYUSD), a stablecoin issued on Solana and Ethereum chains, can now be accessible on Cardano (ADA) through Wanchain’s interoperability solution, according to a press release Wanchain shared with crypto.news. Wanchain chief executive Temujin Louie says the bridge will give users “more options, increased flexibility and control” while transferring assets across different chains. Cardano’s decentralized finance ecosystem with nearly $447 million in total value locked per data from DefiLlama, will open doors for “greater…

Ethereum Price Surges While Lightchain AI Presale Nears End

PRESS RELEASE. The cryptocurrency world is abuzz. Ethereum (ETH)—a staple in the crypto space—is showing signs of bullish momentum, partially fueled by the excitement surrounding groundbreaking projects like Lightchain AI. With the Lightchain AI token presale nearing its conclusion, investors are flocking to secure their stake in what experts predict could be a game-changing synergy […] Source CryptoX Portal

Jack Mallers: Ripple Is Spending Millions to Undermine Strategic Bitcoin Reserve

Jack Mallers, CEO of Zap, stated that Ripple, a cryptocurrency company, was actively lobbying against a strategic bitcoin reserve. In what he called an emergency press conference on social media, Mallers claimed that Ripple was “actively spending” millions of dollars trying to undermine a strategic bitcoin reserve in the U.S. Mallers revealed that Ripple would […] Source CryptoX Portal