Category: CryptoX News

Metaplanet Boosts BTC Reserves with $61M Purchase

Metaplanet (3350) said it bought another 518 bitcoin as part of its Bitcoin Treasury Operations. The purchase was made at an average price of $118,519 per bitcoin, bringing the total purchase value to about $61 million, the Tokyo-based investment company said in a post on X. The company, holder of the sixth-largest corporate stash of bitcoin, now holds some 18,113 BTC valued about $1.85 billion. It paid an average of $101,911 per bitcoin. Metaplanet also provided an update on its bitcoin-related performance metrics. Between July 1 and Aug. 12 the…

Watch Out for Potential BTC Double Top as Bulls Fail to Break $122K Again

This is a daily analysis by CryptoX analyst and Chartered Market Technician Omkar Godbole. The bitcoin rally has stalled, raising the possibility of a potentially bearish technical formation: a double top. A close examination of the daily chart reveals that bulls failed to sustain a rally above the key Fibonacci level of $122,056 on Monday, a performance that precisely mirrors a similar rejection on July 14, according to data source TradingView. This dual failure to establish a foothold above the key price point, separated by a brief pullback, is a…

Malaysia Central Bank Paper Sparks Debate by Naming XRP and BTC as Monetary Alternatives

A recent working paper from the Central Bank of Malaysia has identified XRP and bitcoin as potential alternatives to traditional monetary and payment systems. Digital Assets Could Replace Bank Deposits A recent working paper from the Central Bank of Malaysia (CBM) has identified XRP alongside bitcoin ( BTC) as potential “alternatives to the current monetary […] Source CryptoX Portal

Western Union Seals $500M Intermex Deal to Command Americas Money Transfer Race

Western Union is set to expand its global reach with a $500 million Intermex acquisition, adding Intermex’s Ripple partnership to its arsenal of cross-border payment capabilities. Western Union Accelerates Global Expansion with Intermex Acquisition Western Union (NYSE: WU) and International Money Express Inc. (Intermex) (NASDAQ: IMXI) announced on Aug. 10 that they have entered into […] Source CryptoX Portal

‘No One Wants ETH in the Long Run’—Samson Mow Warns of BTC-Driven Pump and Dump

A prominent bitcoin advocate and JAN3’s CEO, Samson Mow, alleged a cyclical trading pattern fueling recent ETH- BTC price shifts. He claimed that early ethereum investors—many holding substantial bitcoin reserves—are rotating BTC into ETH to boost its value with hype-driven narratives, such as “Ethereum Treasury” campaigns. According to Mow, the strategy ends when these actors […] Source CryptoX Portal

XRP Bullish Sentiment Builds as Vivopower Expands Exposure With Ripple and RLUSD Stake

Vivopower signals aggressive confidence in XRP, securing discounted Ripple equity to amass vast token exposure while positioning for growth alongside Ripple’s rapidly expanding blockchain and digital asset ecosystem. XRP Upside Anticipated as Vivopower Taps Ripple’s Expanding Blockchain Ventures Vivopower International Plc (Nasdaq: VVPR) announced on Aug. 11, 2025, that it will secure an underlying position […] Source CryptoX Portal

New $143m ETH wallet draws eyes as Bernstein tips Coinbase for rally edge

Nansen flagged an unknown entity just parked 33,000 ETH in a freshly minted multisig wallet funded from a BitGo account. Meanwhile, Bernstein says such large-scale ETH moves could herald a broader rally where Coinbase stands to collect the biggest gains. Summary Nansen flagged a new multisig wallet receiving 33,000 ETH (~$143M) from a BitGo hot wallet on August 11. The wallet, likely linked to an institutional or high-net-worth entity, signals renewed large-scale capital flows into Ethereum. Bernstein analysts see such moves as a sign of an ongoing Ethereum “alt rally,”…

Eleventh-Hour Move: Trump Extends China Tariff Truce by 90 Days

President Donald Trump inked an executive order late Monday, granting another 90-day reprieve on steep U.S. tariffs targeting Chinese imports, a White House official told CNBC. The decision, according to CNBC’s report, landed just hours before the clock struck midnight, when the duties were set to roar back, threatening to reignite a trade clash between […] Source CryptoX Portal

Do Kwon Could Change Plea In Criminal Case At Aug. 12 Conference

A federal judge overseeing the case against Do Kwon has scheduled a Tuesday conference at which the Terraform Labs co-founder “may enter a change of plea.” In a Monday filing in the US District Court for the Southern District of New York (SDNY), Judge Paul Engelmayer ordered the parties to appear in court on Tuesday, which could suggest that Kwon was preparing to change his plea for some or all of his charges. The Terraform co-founder initially pleaded not guilty to nine felony counts in January after a monthslong extradition…