Elon Musk’s SpaceX (SPCX) tops earnings as bitcoin (BTC) holding value drops by $540 million

SpaceX (SPCX), Elon Musk’s space technology company, reported its first quarterly results as a public company on Tuesday, announcing second-quarter revenue of $7.8 billion. That figure topped Wall Street expectations of $6.9 billion, while narrowing its quarterly loss to $541 million as growth accelerated across its launch, Starlink and AI businesses. The company reported a…

Sorry Everyone, but Bitcoin is Headed Down to $43,500: Michael Terpin

Bitcoin may have already erased half of its market cap, but veteran crypto investor Michael Terpin says the asset still has further to fall before hitting rock bottom. “We still have more pain to go,” Terpin tells Cointelegraph on the Trade Secrets show. Terpin believes that Bitcoin will ultimately fall “66%” from its October 2025…

US, UK Deepen Crypto Regulatory Coordination After GENIUS Act

Latest NewsPublishedAug 4, 2026 In a July 8 meeting, US and UK regulators highlighted the implementation of the GENIUS Act, payment modernization and cross-border cooperation, reinforcing a shared framework for digital asset oversight. The United States and the United Kingdom reaffirmed their commitment to closer financial regulatory cooperation during a recent bilateral working group, signaling…

Hormuz Oil Recovery Bets Sparks New All-Time Highs For S&P 500

Bitcoin saw new August highs into Tuesday’s Wall Street open as markets bet on US-Iran tensions again easing. Key points: Bitcoin (BTC) edges higher as optimism over the Strait of Hormuz reopening pushes stocks to new all-time highs. Oil prices drop to their lowest levels since July 13 with oil traffic potentially returning on Wednesday….

Nigeria Sets Crypto Tax Rules for Digital Asset Platforms

Nigeria’s revenue agency has issued rules requiring crypto platforms and peer-to-peer (P2P) marketplaces to collect, report and remit taxes, including paying some withheld amounts in digital tokens. In its Guidelines on Taxation of Virtual Assets, the Nigeria Revenue Service (NRS) said income tax deducted at source and stamp duty “shall be remitted to the Service…

Wells Fargo joins JPMorgan and Citi in the race to tokenize Wall Street’s settlement rails

Wells Fargo (WFC) will offer tokenized deposits for select corporate and commercial clients later this year, starting with enabling round-the-clock U.S. dollar-to-British pound transactions on its proprietary blockchain. The bank frames round-the-clock settlement, programmable payments and parity with its existing deposit protections as future enhancements, saying the system will let clients move, program and settle…

Texas Electric Grid Moratorium Won’t Have Big Impact on BTC Miners: Bernstein

Bitcoin miners with operations in Texas are not expected to be impacted by a moratorium on approval of data center projects connected to the state’s grid operator ordered by Governor Greg Abbott, Bernstein analysts said Tuesday. Abbott on Monday directed the Public Utility Commission of Texas and the Electric Reliability Council of Texas (ERCOT) to…

Jim Cramer Plans to Sell Bitcoin Over Quantum Fears as BTC Rises 1.6%

Former hedge fund manager and CNBC “Mad Money” host Jim Cramer said he plans to sell all his Bitcoin due to quantum computing fears.  “I’m going to sell mine [Bitcoin],” said Cramer during a Friday episode, citing quantum computing concerns that IBM chairman and CEO Arvind Krishna had raised on his show the previous day. …

Tether Gold reserves rise 9.5% as gold posts worst quarter in 13 years

XAUt added to its bullion backing during gold’s worst quarter since 2013, as tokenized commodity holder counts continued to rise. Source link

Bitmine adds $19.6M in ETH, repurchases 4.5M shares

Bitmine said it now holds about 4.8% of Ether’s circulating supply as it pursues its 5% acquisition target. Source link