Space X IPO Is ‘Bad News’ for Tech Stocks: But What About Bitcoin?

Elon Musk’s rocket and satellite company SpaceX is planning a $75 billion IPO in June, which could make it the largest near-term public listing with a major Bitcoin treasury. Key takeaways: A Nasdaq 100 fast entry could expand Bitcoin exposure among the top mega-cap stocks, including Tesla. The IPO may pressure tech stocks as passive…

South Carolina Governor Signs Bill Protecting Bitcoin Miners and Banning CBDC Payments

South Carolina Governor Henry McMaster signed Senate Bill 163 into law on Tuesday, advancing one of the most crypto-friendly state-level frameworks in the country. The bill, which previously passed the Senate 38-1 and the House 110-1, bans state agencies from accepting central bank digital currencies (CBDCs), protects the rights of crypto users and miners, and…

Coinbase does not fear competition from Wall Street, says exchange executive

Coinbase is not at all concerned with the increasing competition from Wall Street giants or other traditional financial institutions, the crypto exchange’s head of Policy for Europe told CoinDesk on Friday. “We have always said that a rising tide lifts all ships,” said Katie Harries, adding that Coinbase is “not at all” worried about the…

Unsustainable Bond Yields Will Lead to Hyperbitcoinization: Analyst

Rising government bond yields signal a coming “structural” shift that will create a Bitcoin “supercycle” of rising prices, as investors flee debasing assets for one that cannot be inflated, according to Shang Wu, a senior research analyst at crypto exchange BitMEX. The yield on the 30-year US Treasury broke past 5.14% on Tuesday, while the…

Buterin Says Ethereum Foundation Is Not the ‘Center’ of Ethereum

Ethereum co-founder Vitalik Buterin responded to growing criticisms of the Ethereum Foundation’s role in the Ethereum ecosystem, pushing back against critics who want the organization to take a more active role in supporting token prices and marketing. Buterin said the Foundation will continue to focus on promoting censorship-resistance, open source software code, long-range research, cybersecurity,…

Former FTX Legal Advisor Fenwick & West Settles Lawsuit for $54M

Fenwick & West LLP, the principal law firm that advised former cryptocurrency exchange FTX, agreed on Friday to pay $54 million to settle a 2023 class action lawsuit, filed by former customers of the defunct exchange. The plaintiffs allege that Fenwick “facilitated FTX’s fraud” by playing “a key and crucial role in the most important…

Trump Iran Deal Lifts Crypto Markets By $75 Billion

Cryptocurrency markets have recovered around $75 billion in total capitalization following a progress update on Saturday from US President Donald Trump on a peace agreement with Iran. Trump said a deal has been “largely negotiated” among the United States, Iran, and several Middle Eastern countries, in a post on Truth Social on Saturday. The countries…

Tom Lee’s Ethereum Portfolio Sits on $7.35B Loss as ETH Price Slumps

Tom Lee’s BitMine faces about $7.3 billion in paper losses on its Ethereum treasury as Ether (ETH) traders weigh worsening sentiment, ETF outflows and a bearish chart setup pointing toward $1,600. Key takeaways: Bitmine keeps buying ETH even as its losses mount amid the 57% price drawdown from the August 2025 high. ETH price technicals…

A massive $1 trillion hidden market is waiting to be unlocked in bitcoin, says new report

Crypto lender Ledn says the consumer bitcoin-backed loan market could grow nearly 300-fold to as much as $1 trillion within the next decade, as demand for borrowing against digital assets far outpaces actual usage. The forecast accompanied new research conducted by consumer insights firm Protocol Theory, which surveyed 1,244 cryptocurrency holders across the U.S. and…

CFTC Officials Who Questioned Prediction Markets Were Suspended: NYT

Senior officials at the Commodity Futures Trading Commission who raised concerns about prediction market companies were suspended, investigated and eventually pushed out of the agency. According to a New York Times investigation published Sunday, the officials had flagged concerns about Polymarket, Crypto.com and a Gemini affiliate, each with alleged business ties to the Trump family….