Category: CryptoX News

Ripple Labs Locks 700,000,000 XRP In Escrow as Price Nosedives

Key Notes Ripple Labs has moved 700 million XRP into escrow in three transactions. XRP’s price dropped sharply, falling below the $3 mark amid a general market downturn. Two earlier transfers suggest more activity linked to Ripple’s escrow strategy. Ripple Labs has locked 700,000,000 XRP in escrow after the price of the coin dropped below the $3 mark. This happened on August 2 and was flagged by Whale Alert, a platform known for tracking large cryptocurrency transactions. The move came at a time when XRP was already struggling in the…

Here’s What Is Happening And Where ETH Is Headed Next

Crypto analyst Marcus Corvinus has commented on the Ethereum price crash, providing optimism about the altcoin’s recent decline. The analyst explained the current price action and suggested that this was simply a minor setback before another parabolic uptrend to new highs.  Related Reading Ethereum Price Action And ETH’s Next Targets In an X post, Marcus Corvinus said that a hidden bullish power is brewing for the Ethereum price. The analyst further remarked that ETH is playing a smarter game than Bitcoin right now. While BTC has made lower lows, Corvinus…

Project Crypto: A New Era in US Financial Regulation

In a bold and sweeping address delivered at the America First Policy Institute, Paul Atkins—the Chairman of the SEC—outlined what may become one of the most significant shifts in U.S. financial regulatory history: the launch of “Project Crypto.” Framed as a strategic initiative to reestablish American primacy in crypto markets, the initiative represents both a […] Source CryptoX Portal

JPMorgan Implementing ‘Operation Chokepoint 3.0,’ Andreessen Horowitz Says

A general partner at the prominent venture capital firm is shedding light on a new shady banking practice designed to undercut the crypto industry. A16z Warns of JPMorgan’s ‘Operation Chokepoint 3.0’ Tactics Despite JPMorgan CEO Jamie Dimon publicly confessing that he is now “a believer in stablecoins,” one general partner at Silicon Valley venture firm […] Source CryptoX Portal

SEC Crypto Task Force to Tour the US

The U.S. Securities and Exchange Commission’s (SEC’s) Crypto Task Force will be touring the country between August and December, from New York to California, according to a Friday press release published by the regulator. The task force was launched in January by then Acting Chairman Mark Uyeda who appointed longtime crypto advocate and SEC Commissioner […] Source CryptoX Portal

Crypto Treasury Companies Risk Ignoring Lessons from History, Warns Galaxy

The rapidly-expanding crop of public companies using their stock to accumulate digital asset treasuries ought to trigger lessons from history about the way compounded risks can spread through the financial system and then dramatically unravel, warns a report on the trend by Galaxy Digital. The growth model of Digital Asset Treasury Companies (DATCOs), which now account for over $100 billion in digital assets, critically depends on a persistent equity premium to net asset value (NAV), driven by the up-only trajectory of cryptocurrencies like Bitcoin and Ethereum tokens (ETH). If the…

Ron Paul Says Replacing Powell Won’t Fix Fed’s Deep-Rooted Policy Failures

U.S. monetary policy faces a tightening vise as any future Fed chair inherits a broken system shackled by ballooning debt, political dysfunction, and unsustainable inflationary pressure. Ron Paul Warns Any New Fed Chair Will Be Trapped by Political, Fiscal Limits Former U.S. congressman and well-known advocate for liberty Ron Paul argued in his weekly column […] Source CryptoX Portal

XRP Overtakes ETH on Coinbase as Revenue Surges and Futures Catch Fire

XRP has overtaken ethereum as Coinbase’s top revenue-generating asset, fueled by surging trading volumes, regulatory clarity, and an aggressive expansion into U.S. crypto derivatives. XRP Tops ETH on Coinbase With Blazing Revenue and a Derivatives Wave Incoming Crypto exchange Coinbase (Nasdaq: COIN) disclosed in its Form 10-Q filed with the U.S. Securities and Exchange Commission […] Source BitcoincryptoexchangeExchanges CryptoX Portal