Category: CryptoX News

Gaming, AI, infrastructure capture $120m

In the final week of December 2024, Beam raised $72 million through a public sale. Crypto Fundraising data highlighted gaming and infrastructure as key focus areas. Weekly investments totaled nearly $120 million, down from $400 million the previous week. Avalanche Labs led last week with a $250 million raise. Here’s a look at the other notable investments closing out 2024. Beam, $72 million Raised $72 million through public sale The project focuses on Avalanche ecosystem development Over 27,000 node tokens minted With @BuildOnBeam successfully becoming the first permissionless Avalanche L1,…

XRP price declines, but PropiChain gains momentum with its AI-powered real estate features

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP’s price struggles spark liquidations, while PropiChain gains traction, changing real estate with AI innovation. The recent decline in XRP price has caused significant liquidations as there were bullish sentiments surrounding the asset since November. As the XRP price struggles to maintain its foothold, PropiChain (PCHAIN) emerges as a beacon of invention, using AI to transform the real estate sector. While the XRP price faces bearish sentiment and market…

Shiba Inu price at risk as burn rate, Shibarium fees fall

Shiba Inu is highly volatile as its burn rate and Shibarium transaction fees continue to fall.  Shiba Inu (SHIB) retreated to $0.000022, down by 33% from its highest level this month. At last check Saturday, the Ethereum meme coin was up at least 3.5%. See below. Source: CoinGecko Why did Shiba Inu retreat? This retreat is mainly because of the ongoing softness and falling volumes in the cryptocurrency industry. Shiba Inu’s fundamentals have also deteriorated in the past few days. First, Shibarium’s network is not growing as it did months…

Dogen at $0.0013 joins the race to $1 with DOGE and SHIB

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A $0.0013 meme coin rises, joining Dogecoin and Shiba Inu in the bold race toward the coveted $1 milestone. A new player in the meme coin arena is turning heads. Priced at a mere $0.0013, this token is stepping up alongside Dogecoin and Shiba Inu in the ambitious race toward $1. The crypto world is buzzing with speculation: will this underdog defy the odds and soar to new heights?…

Odds of Trump approving Bitcoin reserves fall: Polymarket

Polymarket users predict that President-elect Donald Trump will not approve a Strategic Bitcoin Reserve within the first 100 days of his administration. A poll with over $1.5 million in funds puts these odds at just 27%, down from 60% after Trump’s election. This is a notable prediction since Polymarket has been highly accurate in the past, including its estimate on the last presidential election. Odds of strategic Bitcoin reserves are falling | Source: Polymarket Kalshi users disagree Other participants in the prediction market expect Trump to ultimately accept Bitcoin (BTC) as…

NFT market slumps 50%, Pudgy Penguins lead market downturn

The non-fungible token market has seen a major downturn as Bitcoin declined 4% over the past week to $94,000 and Ethereum retreated to $3,300. According to the latest data from CryptoSlam, the NFT market has seen a substantial correction: total sales volume plummeted 49.77% this past week to $152.7 million. Despite the sharp decline in trading volume, market participation metrics show continued interest from new and existing traders. NFT buyers have increased by 50.97% to 531,208  NFT sellers have grown by 47.14% to 308,666  NFT transactions have decreased by 13.26%…

Millions in SOL at Stake: Solana Co-Founder Hit With Fraud Lawsuit by Ex-Wife

Stephen Akridge, a co-founder of blockchain platform Solana, faces a lawsuit from his ex-wife, Elisa Rossi, alleging he misappropriated millions in solana (SOL) token profits. Rossi claims Akridge exploited his advanced crypto knowledge to secretly collect her staking rewards. The lawsuit, filed in San Francisco Superior Court, seeks damages for fraud, unjust enrichment, and breach […] Source CryptoX Portal

Brazilian Congresswoman Sounds Alarm on Drex CBDC Risks, Rejects Cash Elimination Bill

Julia Zanatta, a Brazilian congresswoman, has raised concerns about the effects of implementing drex, the Brazilian CBDC, on the lives of citizens. Zanatta emphasized that drex, if not properly implemented, might lead to the prohibition of physical money and proposed a ballot for its final implementation. Brazilian Congresswoman Warns About the End of Physical Money […] Source CryptoX Portal

BONK price falls over 7% after burning 1.69 trillion tokens-what’s going on?

Solana-based meme coin Bonk continued its downward rally despite the project recently burning 1.69 trillion BONK tokens. On Dec. 26, over 1.8% of BONK’s entire supply, amounting to 1.69 trillion tokens worth over $51 million was burned as part of the dog-themed meme coin’s community holiday token burning event dubbed the “BURNmas.” Based on community participation in Burnmas, the amended vote has passed and 1.69 Trillion $BONK has been burnt from the @bonk_dao multisig The Total Supply of $BONK is now down to 91 Trillion Tokens from it’s original 100…