Category: CryptoX News

The implications of the Ethereum ETF and beyond

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. After launching our own Ethereum exchange-traded funds in Hong Kong, we’ve experienced firsthand the unlock that comes with greater visibility among investors. We saw an immediate shift in the enthusiasm, tone, and tenor of our conversations with investors, both institutional and retail, who saw this moment as a shift in legitimacy for the asset class.  So, as Ethereum (ETH) ETFs start trading in one of the world’s…

Grayscale ETH ETF outflows surpass $1b mark since launch

Grayscale’s Ethereum ETF (ETHE) experienced another day of significant net outflows totaling approximately $346 million on July 25. Per Farside data, the latest outflow brings the fund’s losses to $1.1 billion over the past three trading days following its recent conversion. Since its conversion, Grayscale’s Ethereum ETF’s (ETHE) assets under management have decreased sharply from over $9 billion to $7.4 billion. This significant drop coincides with the introduction of US spot Ethereum ETFs. On the other hand, BlackRock’s iShares Ethereum Trust (ETHA) led the inflow charts on the same day,…

Philippines Plans to Introduce Wholesale CBDC by 2029

Bangko Sentral ng Pilipinas (BSP) plans to introduce its wholesale central bank digital currency (CBDC) by 2029. The Philippine central bank’s CBDC initiative is near its proof-of-concept completion. “This is an innovative payment instrument,” said the BSP deputy governor. “This is an entirely new thing, and we have to make sure that we can offer […] Source CryptoX Portal

Study: AI Success in Africa Depends on Availability of Local Language Data and AI Talent

According to the latest Global System for Mobile Communications (GSMA) study report, the success of artificial intelligence (AI) in Africa hinges largely on the availability of local language data and addressing the AI skills gap. The report urges African countries to prioritize investment in domain-specific and local language data. It also recommends adopting participatory approaches […] Source CryptoX Portal

Brett token price rises 12%; analyst sees another 30% upside

Brett, the biggest meme coin in the Base Blockchain, rose by over 12% on Friday as sentiment in the crypto and stock industries improved. Brett (BRETT) token rose to $0.133, up 31% from its lowest swing this month. Some traders believe that the meme coin has more upside going forward. Analyst is bullish on Brett In an X post, Michael van de Poppe, a trader with over 721,000 followers, noted that he was optimistic that the token would rise to $0.1712, a 30% increase from Friday’s trading level. I’ve long…

BRICS Considers Iran’s Proposal to Link Payment Systems of All Member Countries, Says Russian Official

The BRICS economic bloc is considering Iran’s proposal to link all member nations’ payment systems, according to Russian Deputy Foreign Minister Andrey Rudenko. The proposal aims to enhance BRICS countries’ financial sovereignty by establishing a resilient and sanctions-resistant payment infrastructure. Discussions include integrating financial markets, payments in national currencies, and new mechanisms for mutual financial […] Source CryptoX Portal

Solana to lead smart chains with SOL rising; RBLK may surpass both soon

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The Layer 2 battle heats up as Solana nears flipping BNB, while crypto casino Rollblock rises rapidly, gearing for an epic rally. The Layer 2 wars are far from over, especially now that technology has matured and widespread adoption of cryptocurrencies is ramping up. Solana has experienced a spectacular run, and it appears ready to flip BNB. But there’s another player quickly rising in popularity, gearing up for an…

Zimbabwe Injects $50M in Forex Market to Stabilize Currency

Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ), has injected over US$50 million into the interbank foreign exchange market to stabilize the economy. This move comes as the parallel market exchange rate is significantly higher than the official rate, causing economic instability. The RBZ aims to increase foreign currency supply, reduce pressure on banks, […] Source BitcoincryptoexchangeExchanges CryptoX Portal

WienerAI presale enters final days after securing $8M in funding

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. WienerAI, the AI-driven memecoin, enters its final presale phase with $8M raised, showcasing strong interest and confidence. The cryptocurrency world is buzzing with excitement as WienerAI (WAI), the unique memecoin with an AI trading bot, enters the final phase of its presale. WienerAI’s presale has already raised an impressive $8 million, demonstrating immense interest and confidence in this innovative project. With only five days remaining, now could be the…

Disney Officially Enters Metaverse Market Through Carrieverse

PRESS RELEASE. In a monumental development for the digital entertainment landscape, Carrieverse is thrilled to announce its new content licensing agreement with the Walt Disney Company Korea, LLC. This landmark partnership marks Disney’s official entry into the Web3 space, integrating its iconic characters and stories into the Carrieverse metaverse. Disney Reveals Metaverse Partner As a […] Source CryptoX Portal