Category: CryptoX News

Coinbase Finalizes Deribit Acquisition to Lead Global Crypto Derivatives Market

Coinbase just became the undisputed titan of crypto derivatives, sealing a high-stakes acquisition that unifies spot, futures, and options under one explosive trading empire. Deribit Acquisition Launches Coinbase Into Crypto Derivatives Stratosphere Crypto exchange Coinbase (Nasdaq: COIN) announced on Aug. 14, 2025, that it has finalized the acquisition of Deribit, a leading crypto options exchange […] Source CryptoX Portal

Strategic Reserve Purchases May Still Be in Play

Treasury Secretary Scott Bessent began Thursday by dashing the hopes of at least some bitcoiners, saying the Strategic Bitcoin Reserve would be made up of the $15 billion to $20 billion already held by the government, but that there was no intention of making any fresh purchases. He ended the day, however, by seemingly contradicting those remarks, saying his department is “committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve.” The fresh buys would be in addition to tokens forfeited to the government, which will be…

Citigroup eyes custody and payment services for crypto ETFs, stablecoins

Citigroup is looking to make a further foray into the crypto and blockchain ecosystem with custody and payments solutions for stablecoins and crypto exchange-traded funds. Summary Citigroup is exploring expansion into stablecoin payments and cryptocurrency ETFs custody. The U.S. bank joins other leading financial firms in considering crypto services. The U.S. banking giant is considering a move into crypto custody, stablecoin payments, and other services as leading banks and financial institutions increasingly embrace crypto. In a report, Reuters cites a top executive at Citigroup as saying the bank wants to…

Chainlink’s LINK Hoard Blasts Past 100,000

After Chainlink’s decentralized oracle network revealed plans to create a LINK reserve, the team has now disclosed that the Chainlink Reserve added another 44,109.76 LINK, pushing its total stash past the 100,000 threshold. Chainlink’s Reserve Vault Hits 109K Tokens Worth $12.6M Last week, Chainlink unveiled plans for a LINK reserve, funded by network revenue and […] Source CryptoX Portal

XRP Price Watch: Bears Dominate as $3.25 Resistance Holds Firm

XRP is trading at $3.06 with a market capitalization of $181.57 billion and a 24-hour trading volume of $11.35 billion. The digital asset moved within a 24-hour intraday price range of $3.06 to $3.34, reflecting high volatility amid ongoing bearish pressure. XRP On the 1-hour chart, XRP shows signs of near-term consolidation following a sharp […] Source CryptoX Portal

ETH $5K Prediction Odds Hit $87% on Polymarket

Key takeaways: Ether trades at $4,600 with a 64% chance of hitting $5,000 by Aug. 31. The odds of a new ETH all-time high in August jump to 87% on Polymarket. Analysts warn of a potential correction to $4,000 to $4,400 if a key price support fails. Ether (ETH) is trading below $4,600 as the market digests a hot Producer Price Index (PPI) print that showed inflation advancing far ahead of investors’ expectations. Despite the sharp correction from a multi-year high, traders are still confident that Ether will hit $5,000…

Vietnam’s MB Bank and UpBit’s parent Build Crypto Exchange

Vietnamese state-controlled bank Military Bank (MB) plans to launch a regulated crypto exchange in partnership with Dunamu, the parent company of South Korean crypto exchange Upbit. According to a Wednesday announcement from Dunamu, the company has signed a memorandum of understanding with Military Bank. In a Facebook post, Military Bank said Dunamu will support it building a cryptocurrency exchange in Vietnam with its technology. “MB and Upbit will be trusted partners, working together to promote Vietnam’s digital financial market,” Military Bank Chairman Luu Trung Thai said. Military Bank is a…

Ethereum Still At Risk Of Being Overtaken By XRP? Analyst Walks Back Shocking Prediction

For much of late 2024 and early 2025, many in the crypto world believed XRP could overtake Ethereum in market capitalization. The belief grew after XRP’s powerful rally late last year, which saw it outperform most major coins while Ethereum struggled to hold key price levels.  At the time, market analysts were confident the gap between the two would soon close. Now, one of the most vocal supporters of the flippening, a popular analyst known as Charting Guy, has reversed his position and says it’s unlikely to happen anytime soon.…

Pakistan Enlists Japanese Help in CBDC Endeavor

Soramitsu, a Japan-based blockchain developer, will help the government of Pakistan build its central bank digital currency effort, after having been involved in similar projects. The Pakistan CBDC pilot is being implemented with offline payment capabilities in mind. Japan-Based Soramitsu Enlisted to Create Pakistan CBDC More countries are developing their central bank digital currencies (CBDCs), […] Source CryptoX Portal

Bitcoin Hits $124K as Samson Mow Outlines 2 Scenarios

Key Notes BTC has broken $124K as CPI holds steady at 2.7%. Samson Mow sees either further BTC dominance or an altcoin-led pullback. Altcoin market cap has gained 26%, but faces key resistance near $315B. . Bitcoin BTC$121 89924h volatility:1.8%Market cap:$2.43 TVol. 24h:$69.76 Btouched a new record high of $124,457 early Aug. 14, just a day after July’s US Consumer Price Index (CPI) data came in cooler than anticipated. Inflation held at 2.7% year-over-year, unchanged from June and below expectations of 2.8%, with monthly CPI rising 0.2%. The news added roughly…