Category: CryptoX News

XRP Pushes Through $3 as Ripple-SEC Appeal Decision Looms

XRP rose 3% in the 24 hours through August 7, advancing from $2.91 to as high as $3.02 before closing at $2.98. The move broke through multiple short-term resistance levels and coincided with high-volume buying activity, particularly on Korean exchanges. Technical momentum aligns with key macro developments: the U.S. Securities and Exchange Commission is set to deliberate on Ripple’s appeal withdrawal, while Japan’s SBI Holdings has filed for a Bitcoin-XRP ETF. News Background The SEC is expected to deliberate Ripple’s decision to withdraw…

South Korea’s KakaoBank Plans Stablecoin Services: Report

The banking arm of South Korean IT giant Kakao Corporation is reportedly ramping up plans to offer stablecoin services amid a regulatory shift in the country after the election of pro-crypto president Lee Jae-myung. KakaoBanks’ chief financial officer Kwon Tae-hoon said during the company’s first-half 2025 earnings call that the company is “reviewing various methods such as issuance and custody,” and “plans to actively participate,” in the “digital asset ecosystem,” ZDNet Korea reported on Wednesday Kwon added that the initiative is being spearheaded in cooperation with Kakao’s Stablecoin Task Force,…

Ethereum Nears Make-or-Break Moment as Open Interest Soars to All-Time High

Ethereum (ETH) has mirrored the broader cryptocurrency market’s recent downturn, with its price declining by 4% over the past week. As of today, ETH trades at approximately $3,598, reflecting a 1% decrease in the past 24 hours. This pullback follows months of mixed price action across the market, as traders balance optimism over long-term fundamentals with short-term risk management. New insights from on-chain data suggest heightened market activity surrounding Ethereum despite its failure to reclaim the $4,000 mark. Analysts point to unprecedented levels of Open Interest (OI) in Ethereum futures…

XRP Among Top Crypto Holdings of Galaxy Digital as Ripple Stake Becomes Strategic Centerpiece

XRP storms into the spotlight as Galaxy Digital anchors it in a $3.56 billion portfolio, backed by a $97 million Ripple equity stake, signaling massive institutional conviction. XRP Featured in Galaxy’s $3.56B Portfolio Alongside $97M Ripple Equity Position Galaxy Digital Ltd. disclosed in its U.S. Securities and Exchange Commission (SEC) Form 10-Q filed on Aug. […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin Asset Manager Parataxis to Go Public in $400M SPAC Deal Backed by SilverBox

Digital asset manager Parataxis Holdings is officially going public through a SPAC deal with SilverBox Corp IV, confirming earlier plans to list, it announced in a press release on Wednesday. The new entity will be called Parataxis Holdings Inc. and aims to trade under the ticker “PRTX” on the New York Stock Exchange (NYSE). At a $10 share price, the deal values the combined company at $400 million, with the potential to double that figure if Parataxis exercises the right to raise an additional $400 million through a share purchase…

SEC Commissioner Crenshaw Rebuffs Statement on Liquid Staking

The staunch crypto critic has once again challenged her colleagues in the SEC’s Division of Corporation Finance on their favorable guidance on liquid staking. Crenshaw Pushes Back on SEC’s Liquid Staking Guidance Commissioner Caroline Crenshaw of the U.S. Securities and Exchange Commission (SEC), who Coinbase CEO Brian Armstrong once called “a failure,” has once again […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Laser Digital launches regulated crypto options desk in Dubai

Laser Digital, the digital asset subsidiary of Japan’s investment bank Nomura, has become the first company licensed under Dubai’s Virtual Asset Regulatory Authority (VARA) pilot framework to offer regulated over-the-counter (OTC) crypto options. The “limited license” will allow Laser Digital to offer OTC crypto options to institutional clients under strict oversight, the company said Wednesday. OTC desks allow institutions to trade large volumes of digital assets directly with counterparties, minimizing slippage and enabling more flexible pricing. These desks are typically used by hedge funds, asset managers, trading firms and other…

Roman Storm Guilty of Unlicensed Money Transmitting Conspiracy in Partial Verdict

NEW YORK — Tornado Cash developer Roman Storm has been found guilty of conspiring to operate an unlicensed money transmitting business, a Manhattan jury decided Wednesday. The jury was unable to reach a unanimous verdict on the remaining charges, conspiracy to commit money laundering and conspiracy to violate international sanctions, despite four days of deliberations after the three-week trial. A sentencing date has not yet been set, and it is currently unclear whether prosecutors will elect to re-try Storm on the remaining charges. Prosecutors told the court on Wednesday afternoon that…

BTC Digital Ltd. Reminds Shareholders to Vote at Extraordinary General Meeting Postponed to August 22, 2025

Votes Received to Date are Overwhelmingly in Favor of the Company’s Proposals More Votes Are Needed to Reach the Quorum Required to Hold the Meeting Every Vote Is Important to Avoid Further Delays and Additional Solicitation Costs All Holders as of June 27, 2025 are Eligible to Vote and Retain the Voting Rights SINGAPORE, Aug. 5, 2025 /PRNewswire/ — BTC Digital Ltd. (Nasdaq: BTCT) (the “Company”), would like to remind its shareholders to vote ahead of its upcoming rescheduled extraordinary general meeting scheduled to be held on August 22, 2025,…

This man used a Coinbase-like URL — Now he’s facing a major lawsuit

Why did Coinbase sue a German man over “coinbase.de?” Coinbase, one of the world’s most prominent cryptocurrency exchanges, has sued Tobias Honscha, a German national, in a US federal court, accusing him of misusing the domain name “coinbase.de.”  The company alleges that Honscha engaged in cybersquatting, violated affiliate program rules and posed significant phishing risks by operating email services from the domain. The growing threat of domain impersonation Domain impersonation is a tactic where attackers register websites that look nearly identical to official company domains. They often use minor spelling…