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MainNewsCrossFi Stre...

CrossFi Strengthens Its DeFi Vision With XFI Token Listings and Trading Competition


Jan, 20, 2025
2 min read
by Livine Sanchez
for ZyCrypto

CrossFi Strengthens Its DeFi Vision With XFI Token Listings and Trading Competition

CrossFi has achieved a major boost in its quest to bridge tradfi with the decentralized economy by expanding access to its native token. XFI is going live on six major exchanges over the coming days, offering a global community of traders fresh opportunities to explore CrossFi’s dynamic ecosystem.

The listings, scheduled to begin on January 20, will see XFI debut across Bitmart, UZX, Ascendex, Azbit, LBank, and BitConomy in a carefully orchestrated rollout. Each exchange has announced its own timelines for deposits and trading to ensure a smooth experience, with LBank set to open for business on January 21 and Bitmart completing the listing on January 23.

New Listings and a Lucrative Competition

While the introduction of XFI on these exchanges is a major development in itself, CrossFi is turning heads with a high-stakes trading competition designed to celebrate this milestone. Over a 90-day period, XFI traders will vie for the top spot on the volume leaderboard. The winner won’t just earn bragging rights – they’ll also receive an all-expenses-paid luxury adventure in Dubai, complete with a helicopter tour, desert safari, exclusive Burj Khalifa lounge access, a lavish yacht cruise, and a personal meet-and-greet with the CrossFi team at their headquarters in the heart of the city.

According to CrossFi CEO Alexandar Mamasidikov, the token listings and the Dubai reward campaign reflect the platform’s ambition to transform DeFi by making it more engaging. “By bringing XFI to a range of top trading platforms, we are not only enhancing liquidity but making our ecosystem more accessible to a broad demographic of global users who share our vision. As for our Dubai campaign, we wanted to think outside the box and come up with a reward that was a touch special, combining luxury, adventure, and blockchain.”

Traders looking to jump in can begin depositing XFI on their preferred exchange, with Ascendex, UZX, Azbit, and BitConomy opening their order books on January 20. LBank will kick off trading on January 21, and Bitmart wraps up the schedule when it lists XFI on January 23. The multiple listings coupled with the enticing trading competition should capture the attention of crypto enthusiasts eager to explore what CrossFi’s ecosystem has to offer.

What CrossFi Does Different

CrossFi integrates non-custodial payment solutions that enable users to maintain full control of their assets while seamlessly moving between fiat and cryptocurrencies. By delivering transparency and user-friendly access, CrossFi aims to reshape the concept of freedom, providing a platform where everyone can participate without having to navigate multiple layers of complexity.

With the XFI token listings now commencing, the CrossFi community is bracing for an eventful few days. And for one lucky trader, the journey won’t end on-screen – it will continue aboard a helicopter cruising over Dubai’s glittering skyline. With its six exchange listings and 90-day competition, CrossFi is offering traders something different: a sense of excitement, community, and the promise of a DeFi landscape that feels truly universal.

Read the article at ZyCrypto
MainNewsJPMorgan str...

JPMorgan strategists say US firms could outpace Europe in profit growth


Jan, 20, 2025
2 min read
by Nellius Irene
for CryptoPolitan
JPMorgan strategists say US firms could outpace Europe in profit growth

JPMorgan Chase & Co. strategists have predicted that US firms’ profit levels will likely outdo their European counterparts by a huge margin during these earning periods.

According to Mislav Matejka, a leading strategist at JPMorgan, the difference in profit margin may be a case of setting the bar much lower for S&P 500 companies. Analysts for the US benchmarking lowered their forecasts meaningfully as they headed to the season despite a resilient economy.

On the contrary, expectations for European cyclical and defensive shares were raised to more ambitious levels, which might be difficult for companies to meet. The situation makes Europe more risky compared to the speed of activity momentum.

US stocks have also extended their outperformance against international peers this year, powered by tech shares and the artificial intelligence frenzy. The economy remains resilient, and the Federal Reserve has embarked on an interest-rate-cutting cycle amid falling inflation.

President Trump may affect US firms’ stocks in 2025

Last year, the performance of the US and European markets were in line with predictions. In local currency, the Stoxx 600 index performed lower than the S&P 500 by 17 percentage points, the second-worst performance since the benchmark was created in 1998. America’s stock was driven by its robust economic growth and increased demand for tech supplies.

The year 2025 might be different; the swearing of President Trump in office may affect the market sentiments. Investors are finding it difficult to predict how Trump’s America-first policies and proposals to alter global tariffs will affect stocks in 2025

JPMorgan strategists noted that there is potential for convergence given the extreme positioning of US stocks and the valuation and performance gap against international peers. 

However, they continue to believe that more clarity on the trade and geopolitics fronts is needed before making conclusions. 

Matejka had a bearish view of European stock last year, but it didn’t pan out. He said the median US analyst estimate calls for 3% growth in fourth-quarter earnings versus a year earlier. In Europe, the median forecast signals a 5% and 9% increase for cyclicals and defensives, respectively. 

Regional profit trends reveal disparities in performance

Early trends come from high profiles, with some recording achievements, while others are missing the beat in the US and Europe.

So far, US banks are performing well. JPMorgan, Goldman Sachs Group Inc., and Wells Fargo & Co. have all experienced gains, with their reports exceeding expectations. However, rugmaker Eli Lilly & Co. saw a serious fall after a dismaying revenue forecast.

According to Bloomberg Intelligence, the profit margins are performing well at 7.7%, almost one-tenth of the S&P’s market cap already reported.

On the contrary, Europe is already experiencing many disappointments from firms like BP Plc and Taylor Wimpey Plc. However, some firms like the Swiss luxury giant Richemont SA, are performing extraordinarily, hitting a record high after high quarterly sales.

According to a JPMorgan analyst, European earnings will continue to trail behind the US in 2025 due to a “challenging” outlook for companies exposed to China’s uneven recovery.

From Zero to Web3 Pro: Your 90-Day Career Launch Plan

Read the article at CryptoPolitan

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