Elon Musk’s SpaceX holds 18,712 bitcoin at fair value of $1.29 billion, IPO filing shows

SpaceX officially confirmed plans to go public on Wednesday, setting the stage for what could become the largest initial public offering in history and potentially push CEO Elon Musk toward becoming the world’s first trillionaire. The rocket and satellite internet company filed its S-1 registration statement with the U.S. Securities and Exchange Commission, giving investors…

Fairshake PAC’s $20M Investment Pays off in Three US State Primaries

Political action committees (PACs) aligned with and funded by the cryptocurrency industry notched a series of wins in three US state primaries on Tuesday, potentially setting a precedent for the 2026 midterm elections. The Fairshake PAC and its affiliates poured a combined $20 million into supportive media for the races. The committee, largely funded by…

Bitcoin Price Fails to Retake $78,000 as Markets Eye Nvidia Earnings

Bitcoin (BTC) halted its latest recovery at Wednesday’s Wall Street open as US traders sold off. Key points: Bitcoin nears $78,000 before the US open spoils momentum, continuing a trend from earlier in the week. US stock markets await Nvidia earnings amid a tense macro atmosphere. Bitcoin’s Coinbase Premium sees multi-month lows in a sign…

Ethereum Price Risks Falling to $1K Next, Analysts Warn

Market analysts say Ether’s (ETH) price may drop to $1,000 if a breakdown from a bearish chart pattern is confirmed. Key takeaways: Ether’s bear flag targets 50% ETH price drop to $1,075.  Ether risks over $1.70 billion in long liquidations if the price breaks below $2,000. Whale accumulation weakens as major ETH holders reduce exposure….

EU Reviews Stablecoin Interest Ban in Potential MiCA Overhaul

The European Commission has opened a review of its landmark crypto regulation, signaling that the European Union is considering updates to its landmark digital asset framework just two years after it took effect. The commission on Wednesday launched a public consultation seeking feedback from the crypto industry and the wider public on whether the EU’s…

These bitcoin metrics suggest February’s $60,000 selloff may have marked the bottom

Realized cap stabilization, historically elevated RHODL readings and deeply negative funding rates all point toward a potential cycle low for bitcoin forming earlier this year. Source link

Canaan Posts $88.7M Net Loss in Q1 2026 as Bitcoin Prices Weigh on Mining Revenue

Bitcoin miner Canaan reported a net loss of $88.7 million for the first quarter of 2026, as falling Bitcoin (BTC) prices squeezed margins and triggered a significant inventory write-down. The company posted total revenue of $62.7 million for the quarter ending March 31, a sharp decline from the $196.3 million it recorded in the previous…

CFTC Sues Minnesota, Governor Walz over Prediction Markets Ban

The US Commodity Futures Trading Commission (CFTC), under Chair Michael Selig, has filed a lawsuit against the state of Minnesota and its officials after lawmakers passed a bill “prohibiting prediction markets-related activities.” In a Tuesday filing in the US District Court for the District of Minnesota, the CFTC said that Minnesota, Governor Tim Walz, Attorney…

SOL Negative Funding Rate Highlights Falling SOL Demand

Key takeaways: Solana perpetual futures funding rates flipped negative, signaling excess demand for bearish positions. Rival networks like Base and Hyperliquid pose direct threats to Solana by aggressively capturing DEX market volume. Solana’s native token SOL (SOL) faced a 15% correction following a rejection at $98 on May 11. A retest of the $83 level…

Bitcoin Short-Term Holders Panic-Sell $770M BTC as Bears Eye $65K

Bitcoin (BTC) price dropped to $76,500 on Monday, erasing nearly all of this month’s gains as fresh US-Iran war tensions soured the crypto market sentiment. This has led investors and traders to reevaluate their risks and stay cautious, with many recent buyers selling their BTC at a loss. Key takeaways: Bitcoin short-term holders sold over…