Category: CryptoX News

NFT sales drop to $132m, Pudgy Penguins loses steam

The NFT market cooling continues as the overall crypto market cap has grown to $3.6 trillion from last week’s $3.42 trillion, per CoinMarketCap data. CryptoSlam data shows that NFT sales have fallen 17.54% to $132.7 million this week. This is considerably lower than last week’s $152 million in sales. However, the market has seen greater participation from traders, pointing to sustained interest at lower price levels. Market activity shows mixed signals: NFT sales volume dropped to $132.7 million from last week’s $152.7 million The number of NFT buyers rose 25.54%…

Crypto VC funding: BIO Protocol begins 2025 with public sale

The first week of 2025 saw BIO Protocol raise $64.41 million through a public sale, leading the DeFi sector funding. The week brought total disclosed investments to $88 million. However, according to Crypto Funding data, several key projects kept their raised amounts private, marking a steady start to the new year. The funding activities centered on financial infrastructure and analytics platforms, with projects across early and growth stages securing capital. Let’s dive deeper into the key investments of the first week of 2025. BIO Protocol, $64.41 million Raised $64.41 million…

MicroStrategy unveils $2 billion preferred stock offering

MicroStrategy announced plans to raise $2 billion through a preferred stock offering, marking a major expansion of its Bitcoin accumulation strategy. The move comes as part of the company’s so-called 21/21 Plan, which aims to raise $42 billion through various financial instruments over three years. The Tysons Corner, Virginia-based company plans to issue perpetual preferred stock, which will rank senior to its class A common stock. MicroStrategy targets up to $2 billion capital raise through public offerings of perpetual preferred stock in the first quarter of 2025. $MSTR https://t.co/x1pbB8ArlH —…

5 altcoins under $0.10 with huge 2025 potential

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. These five low-cost cryptocurrencies, under ten cents with high growth potential, are set for significant gains by 2025. Identifying low-cost cryptocurrencies with high growth potential can unlock impressive profits for forward-thinking investors. This article reveals five digital assets currently priced below ten cents that could experience significant appreciation by 2025. Explore these hidden opportunities that might transform modest expenditures into substantial returns. XYZVerse: a sub-$0.10 altcoin set for huge…

What’s Driving the Market Rally?

Cardano is up by over 10.75% in the last 24 hours, currently sitting at $1.0481 after crossing the $1 mark. This latest price action begs the question of whether Cardano’s 2021 historic bull run can be replicated. Trading volumes for Cardano (ADA) are up by 23% to $1.62 billion, marking a renewed interest in the cryptocurrency. Crossing the $1 mark represents a psychological milestone for ADA after months of trading below this threshold. Why is Cardano’s price rallying?  The recent jump in the market price of the token is probably due…

BRICS Intensifies Alternative Payments—2025 Agenda Targets Dollar-Free Systems

BRICS will prioritize alternative payment systems in 2025, aiming to reduce reliance on the U.S. dollar and boost trade in local currencies under Brazil’s leadership. BRICS Prioritizes Alternative Payments in 2025 The development of alternative payment systems and reducing reliance on the U.S. dollar will be central to BRICS initiatives in 2025 as Brazil takes […] Source CryptoX Portal

Marathon Digital improves hash rate by 15%, mined 890 BTC in December

Marathon Digital Holdings reports December 2024 Bitcoin production and mining metrics, showing continued operational progress. Marathon Digital Holdings reported a 15% increase in its energized hash rate to 53.2 exahashes per second, exceeding its year-end target of 50 EH/s. However, Bitcoin (BTC) production fell slightly, down 2% from November to 890 BTC, which MARA attributed to “luck” variations in mining, per CEO Fred Thiel. MARA’s December 2024 #Bitcoin Production Update is here: – Energized Hash Rate Increased 15% to 53.2 EH/s– 249 Blocks Won (890 BTC), the Second Most Blocks in…

the first block in blockchain?

What is the first block created in the blockchain? On January 3, 2009, an individual under the pseudonym Satoshi Nakamoto mined Bitcoin’s first block, known as the Genesis block, containing 50 BTC. Embedded in its hash was the headline of a British Times article: “Chancellor on brink of second bailout for banks.” The article highlighted challenges in the UK banking sector and the government’s efforts to address them. Some believe Satoshi included this headline to underscore the vulnerabilities of traditional finance. But let’s get back to a genesis block. What…

Here are some altcoins with 10x upside this year; SUI not on list

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. This post examines the leading 2025 altcoins that could deliver a 10x price jump in the new year and assets like SUI that could disappoint investors and holders. As the new market year arrives, investors and traders could experience a game-changing cycle. Attention is now shifting to altcoins that can deliver jaw-dropping gains. Notably, experts are targeting projects that could deliver 10x returns in this crypto space. However, everything…