Category: CryptoX News

UAE denies formal TON partnership over Golden Visa

Update (July 6, 12 pm UTC): This article has been updated to include comments from Sigil Fund partner Joe HedgeHog. Editor’s Note: This article has been substantially updated to include the denial from the UAE press office. The Open Network (TON), the blockchain platform spun out of Telegram, unveiled what it described as a new pathway to UAE residency, offering 10-year Golden Visas to applicants who stake $100,000 worth of Toncoin (TON) for three years and pay a one-time $35,000 processing fee. “Secure your Golden Visa in under 7 weeks…

Brazilian President Lula Proposes BRICS Develop New Trade Currency

Lula proposed this new BRICS currency in the context of a world that must embrace free trade and multilateralism. The Brazilian leader acknowledged that the proposal presents several challenges but emphasized that it is necessary for the benefit of humanity. Lula: Development of New BRICS Trade Currency Is Extremely Important The emergence of a BRICS […] Source CryptoX Portal

Cryptocurrencies to watch this week: Bonk, Aptos, Pi Network

The crypto market has remained in a consolidation phase, with Bitcoin remaining slightly below its all-time high.  The key catalysts for the industry this week will be the upcoming Federal Reserve minutes and President Donald Trump’s tariff deadline, set for July 9. Some of the top cryptocurrencies to watch this week are Bonk (BONK), Aptos (APT), and Pi Network (PI). Bonk Bonk price chart | Source: crypto.news Bonk, the biggest meme coin on Solana (SOL), will be in the spotlight this week as its surge continues. It has already rallied…

Bitcoin, Dogecoin, XRP Rise as Bessent Hints at Trade Deals Before Trump’s ‘Liberation Day’ Tariff Deadline

Major cryptocurrencies rose Sunday morning as the U.S. Treasury Secretary Scott Bessent hinted at upcoming trade deals before the July 9 Liberation Day tariff deadline. Bitcoin, the leading cryptocurrency by market value, gained over 1%, briefly topping $109,000. Payments-focused XRP and Solana’s SOL token gained over 2% each, with meme token dogecoin rising 3%, according to data source CryptoX. Ethereum’s ether, the second-largest token, rose 1.5% to $2,550. In an interview with CNN, Bessent stated that the U.S. is close to finalizing several trade deals ahead of the July 9…

Non-compliant traders face steep fines

Britain’s crypto traders may soon face more than just market volatility—starting in January, failure to share personal details with trading platforms could cost them £300 each. The UK government is tightening its grip on the crypto economy with new tax compliance rules that require users to provide identifying information to exchanges and platforms. The Cryptoasset Reporting Framework, designed to close loopholes and capture unpaid capital gains, is expected to raise £315 million by April 2030. The fines—targeting both individual holders and non-compliant service providers—are part of a broader push to…

Orion leads altcoin rally as Solana falters below $150

While Solana faces pressure below the $150 level, several altcoins are posting major gains, with Orion (ORN) leading the pack with a 400% increase. Orion has jumped by 409.9% in the last 24 hours, trading at $1.25 from a low of $0.2344. This massive surge has left the traders puzzled, though the reasons behind the pump remain unclear. Adding to the mystery, the project’s official X account appears to be suspended. This makes it difficult to verify any recent announcements or developments that might explain the price movement. Despite the…

Bitcoin Just Can’t Get Out of Wall Street’s Grip

“Wall Street is coming for bitcoin.” That phrase used to spark both hope and fear across crypto circles. Today, it’s no longer a future threat or a bullish promise—it’s just reality. The original premise of bitcoin (or crypto in general)—an asset that is censorship-resistant and doesn’t answer to any traditional financial institution or government—is fading fast as Wall Street giants (as well as powerful political figures) continue to establish their strong foothold in the digital assets space. During the early years of the digital assets revolution, bitcoin was celebrated as…

Amber International raises over a quarter of $100m goal to boost crypto holdings

Amber International announced the completion of a $25.5 million private placement backed by major investors. The funds will go to supporting the firm’s $100 million crypto reserve target. On July 3, the Singaporean-based firm has managed to reach more than a quarter of its initial goal to establish a diversified crypto reserve fund worth $100 million. The private placement was valued at $10.45 per share, deducted from a 5% discount to the company’s three-day volume weighted average trading price. According to the filing document, the capital raised from the private…

TOP Raises $28.5 Million at $1 Billion Valuation for Global Expansion

The Open Platform (TOP), a key developer for the Telegram-backed TON blockchain, has raised $28.5 million in a Series A round, bringing its valuation to $1 billion. The funding will expand TON’s wallet and apps into the U.S. and European markets. Telegram-Linked Crypto Startup TOP Becomes Unicorn with Latest Raise Telegram’s growing blockchain ambitions just […] Source CryptoX Portal