Category: CryptoX News

Cardano Foundation Increased Spending on Core Areas by 15% Last Year

Cardano Foundation, a not-for-profit organization that develops and supports the Cardano network, said it spent $22.1 million on its three core areas last year, a 15% increase from 2023. The money was allocated to adoption, operational resilience and education, according to the report, which is available to view on-chain via the Cardano Foundation’s Reeve tool. That’s up from $19.22 million the year before. Assets rose to $659.1 million worth of crypto from $478.24 million as crypto prices rose. The price of bitcoin , which now accounts for about 15% of…

U.S. markets little changed as investors weigh fresh tariff threats

The S&P 500 held near record highs as Wall Street remained upbeat despite new tariff concerns, with Nvidia stock up as the chipmaker became the first publicly listed company to hit $4 trillion. After closing 0.6% higher on Wednesday, the S&P 500 opened near the flatline and is hugging its record high zone. The S&P 500, the benchmark index, was up 0.06%, benefiting from the upbeat sentiment around Nvidia (NVDA), a company that has rode the overall bullish outlook for stocks to storm to the $4 trillion valuation.  The Dow…

Europe’s Financial Watchdog Probes Malta Over MiCA and Fast-Track Authorizations

The European Securities and Markets Authority (ESMA), the financial watchdog for the 27-country trading block, has carried out a peer review of Malta’s application of the Markets in Crypto Assets (MiCA) regime, with specific attention to the island’s fast-tracked authorization of a certain unnamed crypto firm. ESMA’s Peer Review Committee (PRC) focuses on the authorization of a specific crypto asset service provider or “CASP entity,” which was cleared for MICA despite the fact that “material issues remained unresolved or pending remediation at the time of the authorization.” OKX, the top…

This One Metric Suggests BTC Has Plenty of Room Left to Run

Bitcoin reached new all-time highs just above $112,000 on Wednesday, although the increase was only marginal compared to the previous peak. Despite the wave of bullish corporate adoption, with public companies adding bitcoin to their balance sheets. On-chain data suggests that bitcoin has more room to run when compared to previous cycle highs. One useful metric in this analysis is the MVRV Z-Score, which helps evaluate whether bitcoin is overvalued or undervalued relative to what could be considered its fair value. Unlike a traditional z-score, the MVRV Z-Score uniquely compares…

XRP Forms Inverse Head And Shoulders Pattern, Why A Surge To $3.3 Is Possible

XRP has been one of the most-watched altcoins recently, with multiple developments emerging for its parent company, Ripple. However, while Ripple has seen a lot of positives, XRP has continued to struggle when it comes to price. Amid the selling, bulls have put up an impressive fight to hold the support above $2.2 for the time being. This has led to the formation of a new inverse head and shoulders pattern that could signal a reversal is coming. Analyst Highlights Bullish Formation For XRP Price Crypto analyst TheSignalyst, in a…

KULR Mining Hits 750 PH/s With New Bitmain Mining Rigs Stationed in Paraguay

KULR Technology Group Inc. (NYSE American: KULR) has expanded its bitcoin ( BTC) mining operations, the company announced July 9. KULR Reaches 750 PH/s Bitcoin Mining Milestone On Wednesday, KULR disclosed that it deployed 3,570 Bitmain S19 XP 140 terahash per second (TH/s) bitcoin mining machines at facilities in Asunción, Paraguay. This deployment increases KULR’s […] Source CryptoX Portal

Bitcoin Rally Ahead? DXY Breakdown Suggests Capital Shift To Risk-On Assets

The US national debt recently hit a new all-time high (ATH), surging above $36.5 trillion and putting significant pressure on the US Dollar Index (DXY). As the DXY struggles under the weight of mounting debt, crypto analysts believe capital may soon shift to risk-on assets like Bitcoin (BTC). DXY Breakdown Suggests Bitcoin Rally According to a recent CryptoQuant Quicktake post by contributor Darkfost, the DXY has dropped to a historically weak level, currently trading 6.5 points below its 200-day moving average (MA) – the largest deviation in the past 21…

Ether, Dogecoin Lead Crypto Gains as Firms Signal ‘Prime’ Breakout

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook…

US Dollar Dominance Under Fire as Sanctions Push Nations to Alternatives

A top Russian diplomat has squarely blamed former President Joe Biden for the U.S. dollar’s shrinking dominance in global finance, accusing Washington of using payment systems as tools of political coercion. Framing it as a consequence of American economic pressure tactics, Russian Foreign Ministry spokeswoman Maria Zakharova alleged that Biden’s administration deliberately isolated nations from […] Source CryptoX Portal

New Zealand Says Crypto ATM Ban Aims to Close Money Laundering Loophole

The New Zealand government has announced it is banning crypto ATMs as part of its efforts to enhance anti-money laundering and counter-financing of terrorism measures. New Zealand Says It Is Targeting Criminals, Not Legitimate Businesses The New Zealand government has announced a ban on crypto ATMs to bolster its anti-money laundering and counter-financing of terrorism […] Source CryptoX Portal