Qubic has released a detailed mining report just two days before its expected 51% dominance attempt on the Monero network, laying out earnings, network influence, and strategic intent. Qubic Lays out 51% Plan In the Epoch 171 mining recap titled “Warming Up the Engines,” written by “retrodrive,” Qubic revealed it earned $180,250 by selling 459 […] Source CryptoX Portal
CryptoX Indices presents its daily market update, highlighting the performance of leaders and laggards in the CryptoX 20 Index. The CryptoX 20 is currently trading at 3811.95, down 2.5% (-97.17) since 4 p.m. ET on Thursday. None of the 20 assets are trading higher. Leaders: BTC (-1.3%) and BCH (-1.4%). Laggards: SUI (-5.2%) and NEAR (-4.5%). The CryptoX 20 is a broad-based index traded on multiple platforms in several regions globally. Source CryptoX Portal
Stablecoin companies operating in Hong Kong posted double-digit losses on Friday amid local regulatory shifts and a broader market correction. Bright Smart Securities & Commodities Group fell nearly 20% on Friday, according to Google Finance data. Yunfeng Financial Group dropped more than 16% during the trading session, while Guotai Junan International Holdings slid 11% and OSL Group declined 10.5%. These companies are referred to as “Hong Kong stablecoin-concept companies,” with share prices driven by exposure to stablecoin issuance, custody, trading, or related infrastructure. Still, some local experts view the correction…
August 1 marks the eighth anniversary of a key moment in Bitcoin’s (BTC) history — the initial activation of Segregated Witness (SegWit) in 2017, a key software upgrade that reshaped the network’s future and triggered a hard fork. The move, known as “Bitcoin Independence Day,” reduced miner influence over the protocol and led to the creation of Bitcoin Cash (BCH), highlighting the community’s divisions over how Bitcoin should scale to support global use. The “block size wars” were fought between those who wanted to keep the Bitcoin block size small…
Ripple Labs Chief Technology Officer, David Schwartz, has offered rare and pointed clarity on what drives the XRP price value in the long term, despite the company’s recent spotlight on its new stablecoin, RLUSD. In a recent exchange with an XRP supporter on social media, Schwartz emphasized that the crypto continues to sit at the core of Ripple’s payment infrastructure, especially as the main bridge asset in cross-border transfers. XRP’s Role As A Bridge Asset Is Still Central While RLUSD plays a specific role, Schwartz reveals XRP’s utility in real…
This content is provided by a sponsor. PRESS RELEASE. Gate US, the localized platform powered by global crypto leader Gate Group, has officially launched in the United States, now offering spot trading services tailored for U.S. customers. With a focus on security, simplicity, and regulatory compliance, Gate US aims to provide a seamless crypto trading […] Source CryptoX Portal
Key takeaways: Bitcoin hinges on $115,000 support, risking a drop toward $104,000. Weekly RSI divergence points to a deeper correction. Rising NUPL signals increased profit-taking, hinting $123,000 was the local top. Bitcoin (BTC) is down on Friday, dropping below $115,000 for the first time since July 25. The inability to crack the resistance at $120,000 for over three weeks now puts the BTC price uptrend in question, at least for the near term. Will Bitcoin price drop to $104,000? Bitcoin is flirting with downside volatility as it clings to the…
President Donald Trump finally made tariffs against Brazil official, slapping the South American nation with a 50% levy on imports. In the same way, Trump also announced 35% tariffs on Canada, the U.S.’s second-largest trading partner, while Mexico obtained more time to discuss a better trade agreement. Trump Lashes Out at Brazil and Canada With […] Source CryptoX Portal
By Francisco Rodrigues (All times ET unless indicated otherwise) The wind seems to be coming out of the crypto market’s sails. Bitcoin (BTC) fell 3% in the past 24 hours, dropping below $115,000, and it’s actually one of the better performing of the largest cryptocurrencies. The CryptoX 20 (CD20) index, a measure of the broader market, fell 6% with ether (ETH) down 5.7% after posting its strongest monthly gain in three years and XRP (XRP) losing more than 7%. The drop comes as some of President Donald Trump’s tariffs started…
The seed funding round, led by Bitfinex and Hack VC, will allow Stable to build the financial rails to facilitate the real-world usage of USDT, aiming to address the associated issues with its operation on other blockchains that are not designed around it. Stable Raises $28M to Build the Native USDT Blockchain Stable, a USDT-centric […] Source CryptoX Portal