SpaceX stock has remained under pressure after Susquehanna initiated coverage with a $170 price target while warning that the company’s valuation depends on aggressive growth assumptions. According to a research note from Susquehanna, the brokerage assigned SpaceX a neutral rating and set a $170 target for the stock as shares continue trading below their $150
As tokenization moves from industry experiment to commercial product, asset managers are rushing to establish a foothold in the market. “We have a number of different projects in flight, different variants to effectively tokenize ETFs,” Ben Slavin, global head of exchange-traded funds (ETFs) at BNY, said in an interview. The trend comes as major firms,
In brief Bitcoin fell in sympathy with tech stocks on Tuesday, hitting a two-week low as investors appeared to fixate on expectations of rate hikes. The weakness follows a frenetic rally in tech stocks; however, names attached to the AI boom were set to drag the Nasdaq lower. Hashdex’s Gerry O’Shea pointed to the Clarity
Shareholders of Sweden’s H100 Group voted on Monday for the board to issue the new shares it needs to complete the acquisition of the Norwegian Bitcoin-holding duo of Moonshot AS and Never Say Die AS. The deal will lift H100’s Bitcoin reserve from 1,051 $BTC to roughly 3,500 $BTC. The critical item at this year’s
Bitcoin ($BTC) stayed uncertain at Tuesday’s Wall Street open as US stocks responded to an earlier Asia tech sell-off. Key points: Bitcoin bulls attempt to avoid a deeper drop below local lows amid risk-asset volatility. Multiple factors are blamed for the current weakness and stocks reset, with Micron earnings due on Wednesday. Rolling crypto liquidations
“You know, guess the biggest RWA in the world,” Anton Lobintsev said on the On The Margin podcast, using the shorthand for real-world assets put on a blockchain. The host guessed a house, then a company. “No, Tether. Because Tether is the biggest RWA. What are they doing? They tokenize the dollar. That’s it.” That
Blockchain infrastructure company Chainlink said it is joining a group of banks that collectively represent over $10 trillion in assets under management to unlock real-time, stablecoin-based cross-border payments for foreign-exchange trades within a year. The coalition, called Project Pangea, aims to redefine the global FX markets, Niki Ariyasinghe, Chainlink’s vice president of Asia-Pacific and the
Bitcoin and altcoins may have become healthier following the correction experienced in recent weeks. At this point, cryptocurrency market maker Wintermute noted that the recent correction has largely cleared excessive leverage from the crypto market. According to Wintermute’s analysis, the recent market correction liquidated most leveraged positions and left the market structure healthier than before.
Bitcoin’s $BTC$62,436.82 fall below $60,000 on June 5, its lowest level since late 2024, reflects a convergence of macroeconomic and structural pressures, according to Deutsche Bank (DB), which said $BTC is increasingly trading like an institutional risk asset rather than a retail-driven speculative bet. The investment bank said bitcoin’s renewed sell-off was driven by a
Bitcoin dropped below $63,000 on Tuesday as technical weakness, institutional outflows, and leveraged selling combined to deepen pressure across the cryptocurrency market. $BTC traded near $62,491 at press time, down 3% over 24 hours, while the global crypto market value fell 3.47% to $2.14 trillion. Ether lost more than 6%, and BNB declined over 4%,