Category: CryptoX News

Pendle’s TVL Hits Record $8.3B After Yield-Trading Platform Debut

Pendle’s total value locked (TVL) has surged to a record $8.27 billion, while its native token PENDLE climbed 45% over the past week to $5.6 on the back of the protocol’s new yield-trading platform. With bitcoin funding rates averaging about 10% annualized this week and roughly $80 billion in open interest, according to Dune data, more than $8 billion changes hands yearly between longs and shorts. Boros packages those yields into tradable on-chain assets called Yield Units (YUs), letting traders go long or short on the rates themselves. Boros can…

Commodity-Backed Cryptocurrencies Hit 5-Year Minting Record Over Gold Trade Turmoil

Commodity-backed cryptocurrencies, which are dominated by gold-backed tokens, have seen a historic surge in issuance this week, with minting volumes hitting their highest point in at least five years. The leap comes after gold futures traded above a $3,500 all-time high this week, after the Swiss Precious Metals Association warned that the U.S.’s 39% tariffs on Switzerland could have “negative impact” on the international flow of physical gold. Both gold spot and futures fell after the initial surge, when a White House official told Bloomberg that the President would introduce…

Ethereum Price Watch: Market Eyes Breakout Toward $4,500 Target

While ethereum’s price is $4,196.59 — 14% below its all-time high — it has positioned itself in a strong bullish structure heading into Saturday, supported by a market capitalization of $506.14 billion. With a 24-hour trading volume of $43.69 billion and an intraday range between $3,895.26 and $4,237.28, ethereum’s current trend is one of steady […] Source CryptoX Portal

Arthur Hayes Buys Back ETH Higher, ‘Pinky Swears’ to Never Take Profit Again

BitMEX co-founder and Bitcoin billionaire Arthur Hayes has bought back into Ethereum just a week after selling a large tranche. Onchain data shows that Hayes offloaded 2,373 Ether (ETH), worth roughly $8.32 million at the time, when the token was trading near $3,507. The sale, which occurred about a week ago, locked in profits before Ether’s latest rally. In a reversal, the crypto analyst moved out $10.5 million in USDC (USDC) across multiple transactions on Saturday, with the stablecoins directed toward purchasing ETH at prices above $4,150, significantly higher than…

Animoca, Standard Chartered and HKT to Pursue Hong Kong Stablecoin License

Animoca Brands, Standard Chartered Bank Hong Kong (SCBHK), and HKT have launched Anchorpoint Financial Limited, a Hong Kong-based joint venture applying for a stablecoin issuer license under the city’s new regulatory regime. Anchorpoint Joint Venture Targets Licensed Stablecoin Issuance in Hong Kong Animoca Brands, Standard Chartered Bank (Hong Kong), and HKT have formed Anchorpoint Financial […] Source CryptoX Portal

Ripple and SEC End Legal Fight With Joint Dismissal of Appeals

On August 7, 2025, the U.S. Securities and Exchange Commission announced an official close to its years-long legal dispute against Ripple Labs. The SEC and Ripple formally ended the case by filing a joint stipulation to dismiss their respective appeals in the Second Circuit. The following opinion editorial was written by Alex Forehand and Michael […] Source CryptoX Portal

Brazilian Drex CBDC Drops Blockchain to Launch Next Year

According to local media reports, the Brazilian central bank had to abandon the decentralized element of the CBDC to deliver a solution in 2026, in part due to the immaturity of the privacy solutions presented. Brazilian CBDC to Ditch Blockchain in Effort to Launch in 2026 The Central Bank of Brazil aims to accelerate the […] Source CryptoX Portal

Dogecoin Hits $0.23 on Whale Buying, Supply Zone Stalls Breakout

Shaurya is the Co-Leader of the CryptoX tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook…

Bitwise CIO Sees 3 Bullish Crypto Opportunities With Massive Upside Ahead

A historic regulatory pivot is unleashing three powerful crypto opportunities primed to accelerate adoption, ignite investor demand, and drive unprecedented growth across the digital asset landscape. 3 Crypto Opportunities Born From SEC Pivot Could Outrun Market Expectations Matt Hougan, chief investment officer of asset management firm Bitwise, published his latest memo on Aug. 5 assessing […] Source CryptoX Portal