Marvin Bertin has raised concerns about the security risks posed by bridges and wrapped assets. He warned that these solutions introduce vulnerabilities that compromise Bitcoin’s security model. Bertin: Wrappers Are Worse In the rapidly expanding world of decentralized finance, cross-chain solutions like bridges and wrapped assets have emerged as popular tools to enhance interoperability between […] Source CryptoX Portal
Category: CryptoX News
US Government Puts Stamp of Approval on Key Digital Asset in Historic First Move
SEC Chair confirms first-ever U.S. government stamp of approval on a key digital asset, signaling a breakthrough moment for blockchain adoption in mainstream financial infrastructure. SEC Chair Confirms Historic Pivot: Stablecoins Now Core to US Financial Future A pivotal shift in U.S. regulatory posture is underway as stablecoins gain unprecedented government recognition, signaling potential upgrades […] Source CryptoX Portal
Roman Storm Eyes Mistrial Over Government Witness Testimony
Tornado Cash co-founder Roman Storm’s lawyers might ask for a mistrial over a government witness they claim had nothing to do with the crypto mixer. Storm’s defence floated the idea of a mistrial with Manhattan federal judge Katherine Polk Failla on Monday, questioning the testimony of government witness Hanfeng Lin on Tuesday, Inner City Press reported. If allowed, a mistrial ruling would see Storm’s trial considered invalid due to a judicial error — which in this case could be evidence that should have been excluded — and it could be…
High Profile Trader Portnoy Ditches XRP at $2.40—Misses Millions After 60% Surge
High-profile trader Dave Portnoy recently revealed that he sold his XRP holdings at $2.40 just two weeks before the asset reached a new all-time high of $3.66. The Circle Factor Dave Portnoy, the founder of Barstool Sports, recently said he sold his XRP holdings at $2.40 two weeks before the digital asset hit a new […] Source CryptoX Portal
GENIUS Act Poised to Reshape Global Stablecoin Landscape, Experts Say
Experts believe the recently passed GENIUS Act in the U.S. will significantly influence global stablecoin regulation, establishing compliance standards that non-U.S. issuers must meet to access U.S. financial systems. GENIUS Act Sets Global Stablecoin Precedent Experts suggest that the GENIUS Act, while a U.S. law, is poised to set a significant global precedent for stablecoin […] Source CryptoX Portal
Hive Digital Technologies Accelerates AI Pivot with $100M HPC Expansion
Hive Digital Technologies (HIVE) is continuing its transformation from a pure-play crypto miner to a high-performance computing (HPC) services provider. What began with a fleet of 400 GPUs managed by two employees is now scaling toward a $100 million annual revenue. The company is leveraging advanced AI chips, including Nvidia’s H100s and the forthcoming Blackwell GPUs, to drive this growth. Co-founder and Executive Chairman Frank Holmes and CEO Aydin Kilic elaborated on Hive’s strategy in an exclusive interview with Cointelegraph at the Nasdaq Stock Exchange headquarters in New York City,…
The Great Bitcoin Stack: 64 Public Firms Now Hold Over $100B in Bitcoin
Earlier this week, Cryptox.trade News released a comprehensive report detailing the surge in ethereum ( ETH) held by public firms. Now, it’s time to pivot back to bitcoin—the asset that started the corporate treasury craze. Bitcoin Balance Sheets Go Big As of today, according to bitcoin treasury stats collected by Bitcoin Magazine Pro, 64 publicly […] Source CryptoX Portal
Institutions Fuel Surge in Altcoin Momentum With ETH in the Lead
Altcoin season may be underway as institutional capital flows into ether and other major L1s. Regulatory clarity and exchange-traded fund (ETF) momentum are fueling renewed interest, with ETH leading across key market indicators. Altcoin Season Awakens: Institutional Money Moves Into ETH, SOL, and XRP The crypto market may be entering a new phase, with altcoin […] Source BitcoincryptoexchangeExchanges CryptoX Portal
$331M In Shorts At Risk As Ethereum Targets Key Supply Level
Ethereum is showing renewed strength after a sharp rally of over 50% in less than a week, pushing prices firmly above the $3,700 level. The move signals clear bullish control, with ETH reclaiming critical territory and holding steady near recent highs. The rapid price expansion has reignited optimism across the market, as traders and analysts closely watch for continuation or signs of exhaustion. Related Reading Currently, Ethereum’s momentum suggests that bulls are preparing to challenge the psychological $4,000 barrier. According to key derivatives data, this level represents a critical pressure…
Polymarket to Re-Enter US Market After Acquiring Regulated Exchange QCX
Crypto-betting platform Polymarket is set to return to the U.S. market after federal regulators closed investigations and it struck a deal to acquire derivatives exchange QCX. The Justice Department and Commodity Futures Trading Commission (CFTC) formally notified Polymarket this month that probes examining whether it improperly allowed U.S.-based traders post-2022 settlement were closed. To gain […] Source BitcoincryptoexchangeExchanges CryptoX Portal