Category: CryptoX News

Best of the Week: It’s All Happening!

It was a big week for crypto following the inauguration of Donald Trump to a second term Monday. The White House issued an executive order on digital assets, calling for a friendly approach to crypto across the administration and the creation of a “digital asset stockpile” (which may, or may not be, a Bitcoin Strategic Reserve). Regulatory editors Nik De and Jesse Hamilton were all over the news, as usual. The SEC withdrew a controversial crypto accounting rule, started a crypto taskforce headed by Hester Peirce (aka “Crypto Mom”), and…

Nasdaq Files for In-Kind Redemptions for BlackRock Spot BTC ETF (IBIT): SEC Filing

Nasdaq has filed a proposed rule change to allow in-kind creation and redemption for the BlackRock iShares Bitcoin Trust (IBIT), according to a Friday filing to the U.S. Securities and Exchange Commission (SEC). The process allows large institutional investors, called authorized participants (APs), to buy and redeem shares of the fund directly to bitcoin (BTC). It is considered to be more efficient as it allows APs closely monitor the demand for the ETF and to act fast by buying or selling shares of the fund without cash being involved in…

HBAR Gains 8.0% as Nearly All Assets Trade Higher

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 3991.46, up 2.5% (+97.0) since 4 p.m. ET on Thursday. Nineteen of 20 assets are trading higher. Leaders: HBAR (+8.0%) and SOL (+4.8%). Laggards: ETC (-0.1%) and BTC (+0.4%). The CryptoX 20 is a broad-based index traded on multiple platforms in several regions globally. Source CryptoX Portal

What the Signs Say About Its Next Move

Este artículo también está disponible en español. Ethereum price is consolidating above the $3,180 support. ETH must clear the $3,350 resistance zone to start a fresh increase in the near term. Ethereum started a fresh increase from the $3,180 support zone. The price is trading above $3,250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it stays above the $3,220 support…

Taiwan to Unveil Draft Bill Allowing Banks to Issue Stablecoins

The Taiwanese financial regulator plans to unveil a draft bill for virtual asset service providers (VASPs) in June, which includes a proposal allowing banks to issue stablecoins. Joint Management of Stablecoins The Taiwanese Financial Supervisory Commission (FSC) is set to unveil a draft bill for virtual asset service providers (VASPs) in June. According to a […] Source CryptoX Portal

CME Bitcoin (BTC) Options Show Most Bullish Sentiment Since Trump Election Victory, ETF Inflows Surge

On Tuesday, bitcoin (BTC) options trading on the Chicago Mercantile Exchange (CME) showed the strongest bullish sentiment since Donald Trump’s Nov. 5 election victory. Traders scrambled to buy calls, or options offering asymmetric upside exposure, driving the skew higher to 4.4%, the most since early November, according to data tracked by digital assets index provider CF Benchmarks. Skew is the difference in implied volatility between calls and puts, or options offering downside protection, and positive values represent a bullish sentiment. “Thirty-day topside skew in the bitcoin options market has reached…

If BTC Continues to Follow the 2017 Cycle, It Can Cross $1M by Year-End: Van Straten

The FTX collapse may seem like a distant memory, when bitcoin (BTC) fell to around $15,500 in November 2022. The sentiment during the period was extreme fear, and the industry never thought it would recover. But just over two years later, bitcoin is trading over $100,000 with a new presumably crypto-friendly U.S. administration in charge. Donald Trump is now officially the 47th President of the U.S., however he has yet to announce any crypto policies. One of the many discussions around bitcoin is the four-year cycle analysis, structured around its…

Trump-Backed Crypto Venture To Extend Token Sales

Este artículo también está disponible en español. The Financial Times reported on Monday that World Liberty Financial (WLF), the digital asset venture associated with President Donald Trump, has successfully raised $1 billion through its token sales.  Initially launched in October with a goal of selling only 20 billion WLF tokens, the decentralized finance’s (DeFi) venture token surpassed this target by selling 21 billion tokens, demonstrating robust demand despite a rocky start. Eric Trump Champions World Liberty Financial At ‘High-Profile Event’ Per the report, this surge in interest comes as WLF…

Crypto AI Tokens AI16Z, ARC, ZEREBRO Soar, Bitcoin (BTC) Awaits Trump Catalysts Below Record Prices

Cryptocurrencies in the emerging artificial intelligence (AI) agents sector soared on Tuesday while bitcoin (BTC) stalled below its Monday record highs as traders await for the first crypto-specific actions from the Donald Trump administration. AI16Z and AI Rig Complex’s ARC rallied over 30% through the day, while GRIFFAIN, ZEREBRO also booked double-digit advances. Part of the rally might have to do with Tuesday afternoon news about President Trump preparing to announce up to $500 billion in private sector AI infrastructure investment with firms such as OpenAI, Oracle and Softbank involved.…

MicroStrategy Bitcoin (BTC) Holdings Rise to 461K

Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). Led by Executive Chairman Michael Saylor, MicroStrategy (MSTR) has again added to its massive bitcoin (BTC) stack. In the week ending Jan 19, the company purchased 11,000 BTC for $1.1 billion, taking its total holdings to 461,000 BTC. This latest bitcoin average purchase price was $101,191, increasing MicroStrategy’s overall average purchase price to $63,610. Once again, Michael Saylor teased the announcement on X on Sunday with the caption, “Things will be different tomorrow.” Since the tweet, Saylor has…