Category: CryptoX News

BTC Slips Below $108K as U.S. Tariffs Ramp Up

Bitcoin’s very modest weekend rally modestly reversed on Monday as President Trump’s tariff policies took center stage again. The largest cryptocurrency slipped below $108,000 during the U.S. afternoon, down 0.8% over the past 24 hours. Changing hands at around $107,700, BTC has round-tripped all of the move to $109,700 on Sunday. Ethereum’s ether was 0.6% lower, while smaller cryptos including Solana’s SOL , dogecoin , Sui’s SUI declined 1%-2%. XRP outperformed with more than a 2% gain. Dampening investor sentiment was the President Trump ramping up tariffs even while delaying…

The Founders Knew Great Wealth Inequality Could Destroy Us

As the United States reaches its 250th year, the widening gulf between the very rich few and the rest of us has become glaringly apparent. In 2024, the richest 10% held over 67% of household wealth in the U.S., while the bottom half held just 2.4%. This wealth increasingly entitles one to power and privilege: there are numerous billionaires in key positions in the Trump Administration, and some (including the President) have used their public offices for financial gain. The Founders would be horrified by these developments because they believed…

Bit Digital Becomes Second-Largest Corporate ETH Holder

Digital asset company Bit Digital has pivoted its corporate treasury strategy from Bitcoin to Ether, saying the shift reflects its conviction that Ethereum will “rewrite the entire financial system.” Bit Digital used $172 million in proceeds from a recent public offering, along with funds from the sale of 280 Bitcoin (BTC), to acquire Ether (ETH), the company disclosed on Monday. As of the end of the first quarter, Bit Digital held 24,434 ETH — a position that has since grown to 100,603 ETH. The company’s stock, which trades under the…

Polymarket Hit by $160M Controversy Over Whether Ukraine’s President Zelensky Wore a Suit at NATO

Crypto-focused prediction market Polymarket is facing a fresh dose of criticism this week in relation to a market on whether Ukrainian President Volodymyr Zelenskyy would wear a suit before July. More than $160 million worth of crypto was bet on the market, with the initial outcome of “yes” being disputed by the validators behind UMA, the oracle protocol that determines the results. The price of “yes” has now plummeted to $0.04 from $0.19, giving an implied probability of outcome at just 4%. The “yes” voters are striking back, claiming that…

CORZ, HUT, IREN Among BTC Miners Shedding Recent Gains After CRWV Deal

AI infrastructure firm CoreWeave (CRWV) has agreed to buy bitcoin miner Core Scientific (CORZ) in an all-stock deal valuing CORZ at approximately $20.40 per share, based on recent closing prices. The offer price is near the middle of investment bank Jefferies’ prior estimated takeout range of $16–$23/share. The deal is expected to close in Q4 2025. Core Scientific shares were 22% lower, trading around $14 at publication time, while fellow bitcoin miners and possible high performance computing plays like HUT 8 (HUT) and Cleanspark (CLSK) were down more than 7%.…

Lamborghini to Debut Temerario Sports Car in the Metaverse

Luxury car manufacturer Automobili Lamborghini said it will debut its latest sports car in the metaverse. The Temerario and its GT3 counterpart will be available as limited edition digital collectibles in open-world metaverse Wilder World, according to an emailed announcement shared with CryptoX on Monday. The metaverse is a virtual reality world allowing humans to interact with each other, play games and transact, often involving digital version of real-life items. There was a lot of hype around the metaverse during the digital asset bull market of 2021, with Mark Zuckerberg…

Stone Cold BTC Drains Bull Mood From Long-Term Options: Crypto Daybook Americas

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…

Bitcoin’s Potential Bull Market Resistance — $115K or $223K?

This is a daily technical analysis by CryptoX analyst and Chartered Market Technician Omkar Godbole. The consensus in the bitcoin market remains bullish even though the price has held above $100,000 every day bar one for two months, with analysts’ projections for resistance levels ranging from $140,000 to over $200,000. One way to identify such levels is to use trendlines, which are price chart lines connecting major highs and lows. They provide visual cues about momentum and direction, helping traders identify support and resistance levels. Connecting the 2017 bull-market high…

Brazil’s Ambassador to India Addresses BRICS Currency Speculation

BRICS is accelerating plans to ditch the dollar in favor of national currencies, as Brazil’s Ambassador to India clarifies direction on a unified currency and signals sweeping financial shifts. Senior Brazilian Diplomat Addresses BRICS Currency Outlook Ahead of 2025 Summit Growing momentum among emerging economies to reduce reliance on the U.S. dollar has led to […] Source CryptoX Portal

Binance Launches Institutional Loans With Pooled Collateral and 400+ Crypto Assets

Binance’s Institutional Loans unlock up to 4x leverage across pooled Spot, Margin, and Portfolio accounts, giving top-tier traders instant, frictionless access to massive trading power. New Institutional Loans Feature Offers up to 4x Leverage and Unified Collateral Access Crypto exchange Binance introduced its Institutional Loans product on July 3, offering verified corporate users a new […] Source CryptoX Portal