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  3. CXT
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CXT Overview

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Intellectia
24H High
0.00495
24H Low
0.00467
24H Volume
301.62K
24H Volatility
6.00%
All Time High
0.19
All Time Low
0.00441
Correlation with BTC
0.09
Return On Investment
-93.81%
Market Cap
4.72M
Covalent X Token (CXT) plays a pivotal role in the Covalent Network, a platform dedicated to safeguarding and enhancing the availability of Ethereum's historical data. This token is integral for staking and governance, allowing holders to participate actively in the network's decision-making processes. The Covalent Network aims to provide a comprehensive solution for accessing blockchain data, ensuring transparency and efficiency.The recent rebranding from CQT to CXT marks a significant evolution in its journey, reflecting its growing ambition and adaptability in the dynamic cryptocurrency landscape. This transition is not merely cosmetic but signifies a strategic shift to align with broader technological advancements and community needs.CXT's utility extends beyond governance; it is also a key component in incentivizing network participation. By staking CXT, users contribute to the network's security and reliability, earning rewards in return. This mechanism not only fortifies the network but also fosters a robust ecosystem where data accessibility is prioritized.In the broader context of blockchain technology, Covalent X Token exemplifies the fusion of data integrity and decentralized governance. Its role in the Covalent Network underscores the importance of reliable data access in the ever-evolving world of cryptocurrencies, positioning it as a crucial player in the blockchain data infrastructure.
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Official WebsiteBlock Explorer

Social Media Sentiment

Bullish
Bullish
0 Bullish
0 Neutral
0 Bearish
The current sentiment of CXT on social media as of June 9, 2026 indicates a Bullish rating, with 0 users expressing a positive Bullish sentiment, 0 users opting for a Neutral, and 0 users suggesting a Bearish. This reflects a generally optimistic outlook among social media participants regarding CXT's future outlook. While social media sentiment can provide valuable insights into public perception and market trends, its reliability as a sole reference for cryptocurrency investment decisions is limited. The data is often influenced by a small, vocal subset of users, which may not represent the broader market or include professional analysis. Factors such as hype, manipulation, or coordinated campaigns can skew sentiment, reducing its accuracy.
The current sentiment of CXT on social media as of June 9, 2026 indicates a Bullish rating, with 0 users expressing a positive Bullish sentiment, 0 users opting for a Neutral, and 0 users suggesting a Bearish. This reflects a generally optimistic outlook among social media participants regarding CXT's future outlook. While social media sentiment can provide valuable insights into public perception and market trends, its reliability as a sole reference for cryptocurrency investment decisions is limited. The data is often influenced by a small, vocal subset of users, which may not represent the broader market or include professional analysis. Factors such as hype, manipulation, or coordinated campaigns can skew sentiment, reducing its accuracy.
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Social Media Posts

No social media posts available

Addresses Analysis

Holding Amount

Wallet addresses by amount held in USD

$0-$1K0.00%
$1K+0.00%
$1k-$100K+0.00%

Time Held

Traders are addresses that have been holding for less than one month; holders are addresses that have been holding for longer than one year.

Cruisers0.00%
Holders0.00%
Traders0.00%

Whale Holdings

Whales are wallet addresses holding over 1% of the circulating supply.

Others0.00%
Whales0.00%

Wallet addresses by amount held in USD

$0-$1K0.00%
$1K+0.00%
$1k-$100K+0.00%

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Whitepaper Summary

No overview available

News

Coinmarketcap
7.5
20:12 PMCoinmarketcap
Ethena Labs Partners with Janus Henderson to Launch Tokenized CLO Fund
  • Strategic Partnership: Ethena Labs has formed a strategic partnership with global asset manager Janus Henderson to jointly launch a tokenized collateralized loan obligation (CLO) fund, with Janus Henderson making a strategic investment in Ethena's governance token ENA, although specific financial terms remain undisclosed.
  • Convergence of Finance: This collaboration marks a significant convergence between traditional asset management and decentralized finance (DeFi), as tokenized CLOs represent a novel asset class that offers greater transparency and liquidity compared to traditional CLO structures, with Janus Henderson managing over $300 billion in assets, adding institutional credibility to the initiative.
  • Stablecoin Utilization: Beyond the CLO fund, the two firms are exploring the use of Ethena's USDe stablecoin for Janus Henderson's treasury cash management operations, and there is consideration of distributing USDe to clients through an exchange-traded fund (ETF), providing institutional investors with regulated exposure to synthetic dollars.
  • Market Implications: The investment from Janus Henderson indicates a growing acceptance of DeFi protocols by traditional asset managers, and while Ethena's USDe maintains its peg through a delta-neutral hedging strategy, this structural difference has attracted regulatory scrutiny, potentially opening new channels for traditional investors to access yield-bearing digital assets.
Coinmarketcap
8.0
20:11 PMCoinmarketcap
Sen. Lummis Advocates for Bitcoin as Financial Freedom Pillar
  • Symbol of Financial Freedom: Senator Lummis reiterated that Bitcoin and other cryptocurrencies represent a new class of instruments embodying financial freedom, arguing that the U.S. has a responsibility to protect these assets to maintain individual financial control, aligning with the nation's founding ideals.
  • Legislative Support: As a member of the Senate Banking Committee, Lummis has previously introduced comprehensive legislation aimed at establishing a clear regulatory framework for digital assets, balancing innovation with consumer protection, demonstrating her strong commitment to the development of blockchain technology.
  • Evolving Regulatory Landscape: Amid heightened scrutiny from the SEC, Lummis's remarks push back against what she perceives as an overly aggressive regulatory stance, suggesting that the U.S. risks falling behind other nations if it does not adopt a clear protective approach toward digital currencies.
  • Market Signal: Lummis's support signals significant political backing for the crypto industry within the U.S. government, which could influence market sentiment and provoke public discourse on the role of government in a digital economy, emphasizing the importance of protecting financial privacy and autonomy.
Coinmarketcap
8.0
20:11 PMCoinmarketcap
Trump Claims Iran Deal Could Be Reached Soon Amid Ceasefire Tensions
  • Deal Prospects: Trump stated that a deal between Iran and Israel could be reached in 'two or three days,' despite the recent breakdown of the ceasefire, which may impact market confidence in energy trade.
  • Strait of Hormuz Significance: Trump claimed that the Strait of Hormuz would reopen 'immediately' after an agreement, highlighting its critical role as a pressure point in global energy trade, where any delays could lead to price volatility.
  • Oil Price Reaction: Following Trump's ceasefire comments, Brent crude prices fell by 1.3% to $93.02 per barrel, indicating market concerns about future developments that could affect global economic recovery.
  • Gold Market Risks: Analysts predict that if the Strait of Hormuz remains closed, gold prices could drop to $3,500 per ounce, a 19.7% decline from current levels, reflecting diminishing confidence in gold as a safe-haven asset.
Coinmarketcap
8.0
20:11 PMCoinmarketcap
Why Are Crypto Tax Bills Moving Now?
  • Legislative Acceleration: Congress is set to hold a hearing on Tuesday to discuss seven crypto tax bills covering small transactions, staking, and mining rewards, which could significantly impact tax policy and compliance costs for the crypto industry.
  • Tax Parity Concerns: The American Bankers Association has raised concerns that the proposed bills grant cryptocurrencies a tax advantage in staking and mining, potentially leading to unfair competition with traditional assets, which could disrupt the financial market balance.
  • Opposition to Wash Sale Rules: The proposal to extend wash sale rules to crypto has faced criticism from Coin Center, which argues that it would increase compliance burdens and is ill-suited for crypto usage, potentially stifling everyday transactions and DeFi activities.
  • Critical Moment Before Midterms: This hearing serves not only as a discussion on tax mechanics but also as a test of Democratic messaging on crypto taxation ahead of the midterm elections, with the outcome likely influencing future regulatory approaches to the crypto industry.

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Frequently Asked Questions

What is surpport and resistant level for CXT Crypto?

The S1 support level for CXT Crypto is $0.00475 ,The R1 resistant level for CXT Crypto is $0.00539.

What is the current price of CXT Crypto?

The price of CXT Crypto was $0.00477.

What is the market cap of CXT?

The market cap of CXT is $4.7M.