Category: CryptoX News

Spot Ether ETFs Hit $453M in Inflows, Extend 16-Day Streak

Spot Ethereum exchange-traded funds (ETFs) posted another strong session on Friday, drawing $452.72 million in net inflows and extending their inflow streak to 16 consecutive trading days, according to data from SoSoValue. BlackRock’s iShares Ethereum Trust (ETHA) once again dominated the charts, pulling in $440.10 million in daily net inflows. The fund now commands $10.69 billion in assets, the largest share among US Ether (ETH) ETFs. Bitwise’s ETHW followed at a distant second with $9.95 million, while Fidelity’s FETH added $7.30 million. Grayscale’s ETHE, however, continued to see redemptions, losing…

JPMorgan: Stablecoins Processed $27T in 2024, Now Entering TradFi

JPMorgan strategists say stablecoins and tokenized real-world assets are becoming increasingly intertwined with traditional finance, according to a Bloomberg report. JPMorgan Flags Stablecoin Growth, Warns Against Overhype A growing convergence between digital assets and traditional finance is underway, JPMorgan strategists noted this week, highlighting two major developments: the integration of stablecoins into mainstream financial systems […] Source CryptoX Portal

JPMorgan Accused of Silencing Crypto Advocates With Hidden De-Banking Tactics

Pressure is mounting in the battle over consumer banking data as major banks freeze crypto partnerships, raising urgent questions about access, competition, and fintech innovation. JPMorgan Sparks Crypto Uproar With Sudden Freeze on Gemini Re-Onboarding Big banks are turning up pressure on fintech and crypto firms as they work to restrict free access to consumer […] Source CryptoX Portal

Michael Saylor Builds Out Own Yield Curve With Upsized Preferred Stock Sale

Disclaimer: The analyst who wrote this article owns shares in Strategy. Strategy (MSTR), under the leadership of Executive Chairman Michael Saylor, may have just finalized its largest preferred stock issuance to date with an upsized STRC (Stretch) offering joining the STRD, STRF and STRK preferred shares to build out the company’s credit yield curve. Among these, STRC is ranked high in seniority and low in expected volatility. It adds a new short-duration layer to Strategy’s financing mix and diversifies how the company can raise capital for BTC acquisition. In a…

Christie’s Launches First Major US Crypto Real Estate Division: Report 

Christie’s International Real Estate has debuted the first major U.S. brokerage division focused exclusively on cryptocurrency-based home sales, The New York Times (NYT) reported. U.S. Brokerage Christie’s Pioneers Crypto Home Purchases Spearheaded by Aaron Kirman in Los Angeles, the division enables homebuyers to skip banks entirely by paying with digital currency, according to a report […] Source CryptoX Portal

Bitcoin Rebounds After Galaxy Completes Sale of $9B BTC From Satoshi-Era Whale

Bitcoin (BTC) rebounded on Friday from its overnight dip below $115,000, back to its familiar range it traded for the past two weeks. The largest crypto recently changed hands at $117,200, still down 1.2% over the past 24 hours. Some analysts noted the dip coincided with asset manager Galaxy moving large amount of BTC to exchanges overnight, likely related to the bitcoin whale that sent this month around $9 billion worth of BTC to trading desks. The wallets held BTC since the early years of Bitcoin’s history, transferred the assets…

XRP, DOGE, SOL Lead Crypto Selloff, But Altcoin Season Still in Play if This Happens

While bitcoin (BTC) slid only modestly, other major cryptocurrencies tumbled over the past few days, sparking doubt of the durability of the so-called altcoin season. XRP (XRP), dogecoin (DOGE) and Solana’s SOL (SOL) declined the most among the top 10 cryptos on Friday, slipping around 5% each over the past 24 hours, CryptoX data shows. From the Wednesday highs, XRP and DOGE plunged around 18%, while SOL was down 12% over the same stretch. The CryptoX 80 Index, consisting of mid-cap tokens outside of the CryptoX 20, lost 10% from…

Revolut Makes Crypto Staking Available in Hungary After Restricting Services

Digital bank Revolut’s crypto staking services are once again available for its customers in Hungary after pausing for a couple of weeks, a spokesperson from the company told CoinDesk on Friday. The company had paused the majority of its crypto services for customers in Hungary on July 7 due to a new law that criminalized trading on unlicensed crypto platforms, but a spokesperson told CoinDesk on Friday that Revolut was comfortable bringing staking back. It had previously resumed withdrawals, the spokesperson added. After conducting further analysis in connection with its…