Silver prices fell over 3% this week to $37.20 per ounce amid persistent allegations among investors that the market is suppressed by vast paper trading on the COMEX. Silver Bulls See Manipulation in Price Dip Silver started the week at $36.98 to $37.20 per ounce, dipping just over 3% in seven days. That slip has […] Source CryptoX Portal
Crypto-native insurance service Nexus Mutual reimbursed its customers who had lost money in the recent Arcadia Finance hack. According to a Monday announcement shared with Cryptox, Nexus Mutual reimbursed approximately $250,000 to users who lost funds in the Arcadia Finance hack. The protocol was hacked in mid-July for $3.5 million in USDC (USDC) and USDS on the Base blockchain, with stolen assets swapped to Wrapped Ether (WETH). The attackers siphoned funds directly from user accounts. Arcadia users who lost funds started filing claims on July 29 after a 14-day cooldown.…
Coinbase’s (COIN) softer-than-expected second quarter results triggered a sharp Friday sell-off, but Wall Street broker Benchmark says the drop is a buying opportunity, not a red flag. Analyst Mark Palmer reiterated his buy rating and $421 price target. He argued that the exchange’s long-term investment case remains intact as the company continues to build foundational crypto infrastructure. The shares are 1.8% higher in early trading Monday, after having closed 16.7% lower on Friday. Benchmark highlights five catalysts supporting its thesis. First, Coinbase’s revenue-sharing agreement with Circle on USDC reserves positions…
Greg Ip, WSJ’s Chief Economics Commentator, estimates that even with the recent results from companies that have bolstered their earnings by embracing AI, this new “asset-heavy” business model is draining tech-based and other companies of free cash flow and straining investors. New AI Business Model Strains Companies’ Pockets, Posing Risks to the Economy The artificial […] Source CryptoX Portal
The White House’s long-awaited report on cryptocurrency policy recommendations that could bring an end to years of regulatory uncertainty for digital asset firms, many of which have struggled with unclear guidance around securities laws. US President Donald Trump’s Working Group on Digital Assets released its crypto policy report last Wednesday, which outlines recommendations on market structure, banking regulations and methods to bolster the US dollar’s dominance through stablecoins and crypto tax laws. One of the report’s key proposals is a clearer division of responsibilities between the US Securities and Exchange…
Don’t call the top yet, market analyst specializing in the Elliott wave theory, told CryptoX. He added that bitcoin will rally to around $140,000 this year before slipping into a bear market in 2026. The leading cryptocurrency by market value, has dropped 4% over the past week, with prices hitting lows under $112,000 over the weekend, according to CryptoX data. The decline comes after weeks of profit-taking by long-term holders near $120,000 and alongside sharp losses in key crypto-related stocks such as Strategy (MSTR) and Coinbase (COIN). The sell-off is…
Conflux’s CFX emerged as the winner during weekend trading, gaining around 14%, according to CryptoX market data, and surpassing the broader CryptoX 20 index, which rose by 4%. However, behind the scenes, there’s something missing: an uptick in on-chain activity. Conflux has positioned itself as being China’s Ethereum, with a regulatory-compliant digital ledger, that doesn’t have a token, available within mainland China. Analysts speaking to CryptoX in the past have called it a “one country, two systems” protocol, with its ability to straddle both the global crypto markets with a…
XRP is rapidly emerging as the backbone of tokenized financial markets, with Ripple’s CTO spotlighting its real-time liquidity, cross-border agility, and unmatched settlement scalability. Ripple CTO Highlights How XRP Powers Scalable Settlement in Tokenized Markets Ripple Chief Technology Officer David Schwartz addressed XRP’s strategic function in global asset settlement in a post on social media […] Source CryptoX Portal
XRP is accelerating in adoption as institutional confidence rises, legal clarity deepens, and ETF buzz builds—while the SEC faces a tightening August deadline in court. Deadline Pressure Builds on SEC in Ripple Case While XRP Gains Traction The crypto community remains closely focused on the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple, hoping […] Source CryptoX Portal
Teucrium’s XRP ETF is rewriting the record books as skyrocketing investor demand propels it past every fund in the firm’s 16-year history with unstoppable momentum. “It is our most successful fund,” said the firm’s president. Teucrium’s XRP ETF Fires Past Every Fund in Company History With Accelerating Demand Investor appetite for XRP exposure is accelerating […] Source CryptoX Portal