Category: CryptoX News

Litecoin (LTC) Whales Boost Exchange Inflows amid Price Decline

CoinspeakerLitecoin (LTC) Whales Boost Exchange Inflows amid Price Decline In the past week, there has been a notable increase in the movement of Litecoin (LTC) coins held by large investors to cryptocurrency exchanges. This uptick coincides with LTC’s declining value. The cryptocurrency is currently trading at a 15% loss over the past seven days. Large holders seem to be taking action to mitigate potential further losses amid these market conditions. Rising Selling Pressure from LTC Whales On-chain data indicates a sharp rise of over 464% in large holders’ netflow to…

Up Network Unveils ‘Up Mobile’: A Web3 Smartphone Built on Facebook’s Move

Up Network has unveiled ‘Up Mobile,’ a smartphone that integrates artificial intelligence and blockchain technology. The device is built on Facebook’s Move programming language and aims to enhance user security and privacy. The blockchain technology is provided by Movement Labs, and the device includes EVM and Movevm. Co-Founder Roy Liu, known for integrating TRON into […] Source CryptoX Portal

Standard Chartered’s Zodia Markets in Talks to Acquire Alan Howard-Backed Crypto Firm

Standard Chartered’s crypto subsidiary, Zodia Markets, is reportedly in advanced talks to acquire Elwood Capital Management, a digital-asset business backed by billionaire hedge fund manager Alan Howard. The acquisition, expected to be completed this month, will provide Zodia Markets with licenses as a virtual asset service provider and investment business in Jersey. This move aligns […] Source CryptoX Portal

Spot Bitcoin ETFs See 3rd Consecutive Days of Inflow Streak, Reaching $216M Yesterday

CoinspeakerSpot Bitcoin ETFs See 3rd Consecutive Days of Inflow Streak, Reaching $216M Yesterday The US spot Bitcoin e­xchange-traded funds (ETFs) market is attracting re­newed intere­st from institutional investors. On July 9, 2024, the market re­corded a substantial $216.33 million in net inflows, marking the third straight day of positive­ inflows amid the potential shift in investor se­ntiment. According to data from SoSo Value, BlackRock’s iShares Bitcoin Trust (IBIT) le­d the inflows with an impressive $121.03 million. Fide­lity Digital Assets’ Wise Origin Bitcoin Fund (FBTC) followed close­ly, drawing $90.95 million in…

BlackRock’s IBIT ETF holds $18b in BTC amid continuous inflows

BlackRock’s iShares Bitcoin Trust (IBIT) now holds over $18 billion in Bitcoin (BTC) as inflows continue into the ETFs.  According to data provided by Farside Investors, spot BTC ETFs saw $216.4 million in inflows on Tuesday, recording their third day of consecutive inflows. The total amount of inflows currently stands at $15.2 billion. Data shows that the IBIT ETF saw $121 million in inflows on July 9 — helping the investment product surpass a total market cap of $18.04 billion. Interestingly, BlackRock’s spot BTC ETF witnessed only one day of…

Singapore Exchange CEO Discusses Future of Crypto Listings

Singapore Exchange (SGX) CEO Loh Boon Chye has shared his insights on whether Singapore’s largest stock exchange will offer crypto-based listings. The executive emphasizes the need for a sustainable ecosystem, stating: “That really means demand, that really means governance, that really means structure.” Despite global trends and institutional pressure, Loh asserts that current conditions are […] Source BitcoincryptoexchangeExchanges CryptoX Portal

China Halts Gold Buying for Second Consecutive Month

China’s central bank, the People’s Bank of China (PBOC), has paused its gold accumulation for the second consecutive month, keeping its reserves steady at 72.8 million troy ounces. This pause ends an 18-month streak of continuous gold purchases that began in November 2022 and contributed to record-high gold prices. PBOC Pauses Gold Accumulation After 18-Month […] Source CryptoX Portal

Singapore Court Orders Multichain to Pay Fantom Foundation $2.19 Million

The High Court of Singapore has awarded Fantom Foundation Ltd. damages totaling $2.19 million in a case against Multichain Foundation Ltd. and Multichain Pte Ltd. This ruling followed a default judgment due to Multichain’s failure to deliver 4.175 million FTM tokens or their equivalent value. Singapore Court Rules in Multichain Case Fantom Foundation Ltd. (the […] Source CryptoX Portal