Category: CryptoX News

DOGE, SOL and XRP Lead Altcoin Losses as Rate Jitters and Leverage Unwind Hit Crypto

Altcoins slid sharply Tuesday as traders braced for a wave of economic events, including a Federal Reserve interest rate decision due Wednesday. Leading the pack are XRP, solana (SOL) and cardano (ADA) which all fell more than 3% over the past 24 hours as well as dogecoin (DOGE), avalanche (AVAX) and sui (SUI) which are down more than 5%. The continuing sell-off has dragged XRP and SOL down about 13% over the past seven days. DOGE plunged even further, about 18% over the…

BC.GAME Esports Signs CS2 Superstar s1mple to Strengthen Global Ambitions

Crypto igaming platform accelerates its push into esports with the signing of one of Counter-Strike’s all-time greats BELIZE CITY, Belize, July 29, 2025 /PRNewswire/ — BC.GAME has officially announced the signing of Ukrainian superstar Oleksandr “s1mple” Kostyliev in a long-term deal. He joins BC.GAME Esports as a core member of its CS2 roster, marking a major step in the platform’s expansion into top-tier competitive gaming. The signing highlights BC.GAME’s continued investment in esports and its ambition to connect the worlds of decentralized gaming and elite competition. Power Move in the CS2…

The ‘Alchemy of 5%’ Ethereum—Bitmine Launches $1 Billion Share Buyback

On Tuesday morning, Bitmine Immersion Technologies announced a $1 billion program to repurchase its outstanding common stock. The open-ended program, approved by the board, allows Bitmine to buy shares on the open market or through negotiated transactions. Chairman Tom Lee stated the move aligns with achieving “the alchemy of 5%” of ETH, suggesting repurchases could […] Source CryptoX Portal

Mento Selects Wormhole as its Official Interoperability Provider to Power Multichain FX

This content is provided by a sponsor. PRESS RELEASE. BERLIN, July 29, 2025 – The foreign exchange (FX) market processes over $7.5 trillion in daily volume, yet remains constrained by legacy infrastructure that is slow, fragmented, and unavailable around the clock. Traditional FX markets are closed on weekends, rely on third-parties, and transactions can take […] Source CryptoX Portal

Linea Launches ETH Staking And Burn Mechanism For L2 Alignment

The Consensys-developed Linea network says it will become one of the first Ethereum layer-2 networks to commit to burning Ether as part of its network design, as it shared new details of its upcoming token generation event and airdrop. Linea announced new staking and burning mechanisms for its upcoming token launch in an effort to become more aligned with the layer-1 blockchain, which it hopes will make the network the “home for ETH capital,” according to a statement sent to Cryptox. The move comes amid growing concern that layer-2 networks…

UAE Lender RAKBANK Offers Retail Customers Crypto With Bitpanda

RAKBANK, one of the oldest lenders in the United Arab Emirates (UAE), is allowing retail customers access to cryptocurrencies through a partnership with Vienna-based crypto exchange Bitpanda, the companies said on Tuesday. Users can now access Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Ripple (XRP) via RAKBANK’s mobile banking app, with plan to expand to more coins in the offer in the coming months, a spokesman said via email. The service includes buying, selling and swapping crypto assets using dirhams (AED), sidestepping the typical foreign exchange charges tied to trading…

CBOE files for Staked INJ ETF on behalf of Canary Capital

The Chicago Board Options Exchange (CBOE) has filed to list shares of Canary Capital’s proposed staked Injective exchange-traded fund (ETF), further expanding the wave of regulated crypto investment products in the United States. The CBOE’s 19b-4 filing, submitted Monday, comes shortly after investment firm Canary Capital filed an S-1 application for a staked Injective (INJ) token fund with the US Securities and Exchange Commission (SEC) last Thursday, Cointelegraph reported. The fund aims to accrue staking rewards by offering validation services using an “approved staking platform.” If approved, it would be…

Understanding the ASIC v Wallet Ventures Decision on Digital Assets

On July 24, 2025, the Full Federal Court of Australia issued its decision in ASIC v Wallet Ventures Pty Ltd [2025] FCAFC 93, dismissing the Australian Securities and Investments Commission’s (ASIC) appeal in a closely watched case concerning the regulatory status of crypto-asset products. The ruling affirms that Finder Wallet’s “Finder Earn” product does not […] Source CryptoX Portal

Bitcoin Demand Shift: Coinbase’s 60-Day BTC Premium Streak is at Risk

After a historic 60-day run, bitcoin’s (BTC) premium on Coinbase, a key indicator of robust U.S. investor demand, is dissipating, indicating a notable shift in market dynamics. BTC’s Coinbase premium, which represents the percentage difference between the BTC/USD pair on Coinbase and the BTC/USDT pair on Binance, turned negative early Tuesday, marking the first such instance since late May, according to data source TradingView. The negative flip indicates a renewed, relative weakening of demand from U.S. investors, supporting the case for an extended…

Billionaire Ray Dalio Backs 15% Allocation to Bitcoin and Gold Amid U.S. Debt Spiral

Bridgewater Associates founder Ray Dalio is calling for investors to allocate 15% of their portfolios to bitcoin (BTC) or gold, citing heightened risks from the U.S.’s accelerating debt burden and long-term currency devaluation. “If you were optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in gold or Bitcoin,” Dalio said on the Master Investor podcast Sunday. The comments mark a notable shift from his 2022 recommendation of just 1–2% in BTC, reflecting growing concern over what Dalio calls a “debt doom loop.”…