Key Takeaways Elon Musk’s net worth reached a record $676 billion for the first time. SpaceX is now valued at $800 billion following the recent tender offer. Elon Musk just made history by becoming the first person with a net worth above $600 billion. His fortune is now estimated at approximately $684 billion, according to
The balance is rapidly shifting in the race to appoint the Federal Reserve chairman, a position President Donald Trump will secure. According to a recent report by the Wall Street Journal (WSJ), Federal Reserve Board member Christopher Waller has joined the ranks of those preparing to interview Trump. Previously considered a “surprise candidate,” Waller has
This morning, credit card giant Visa issued a press release about allowing US card issuers to settle directly with Visa using Circle USD (USDC). Nowhere in this glowing release, amplified by Circle CEO Jeremy Allaire, did Visa mention the tax nightmare that will accompany that roll-out. Specifically, any US bank or fintech company that receives
As quantum computing researchers celebrate breakthrough after breakthrough, Web3’s $4-trillion asset base faces a ticking time bomb. Last December, Google announced that their quantum Willow chip performed a computation in less than five minutes that would have taken a state-of-the-art super computer ten septillion years (about 100 trillion times longer than our universe is old).
Animoca Brands is a global digital assets leader building blockchain and tokenized assets to advance the future of Web3 innovation. Animoca Brands has announced its strategic partnership with GROW Investment Group (“GROW”), a leading investment and asset management platform in China, backed by Julius Baer. We have entered into a term sheet with GROW Investment
Treasury Secretary Scott Bessent is pushing a huge refund wave into early next year, saying Americans will receive “very large refunds” because of the One Big Beautiful Bill Act and its retroactive rules. Scott said the law changed what people owe on this year’s income, and since nobody touched their withholding after July, the Treasury
The Republic of the Marshall Islands (RMI) has completed the world’s first on-chain disbursement of universal basic income (UBI) using a digitally native sovereign bond, USDM1, via the Stellar blockchain. Developed in partnership with the Stellar Development Foundation (SDF) and infrastructure provider Crossmint, the multimillion-dollar initiative is part of RMI’s national UBI program, known locally
Bitcoin (BTC) is poised for its fourth annual decline in history. Moreover, this time the decline is not coinciding with a major scandal or a sector-wide collapse, as in previous years. The world’s largest cryptocurrency experienced a sharp sell-off yesterday, losing as much as 5.2% during the day. Bitcoin is down approximately 7% year-to-date. While
Hold onto your digital wallets, Europe. The cryptocurrency landscape is witnessing a seismic shift, and the numbers are staggering. According to recent data, the total euro stablecoin supply has exploded by a massive 168% since the start of the year. This isn’t just incremental growth; it’s a clear signal that European investors and users are