Elon Musk officially became the first person in history to hit a $500 billion net worth on Wednesday, beating out every other billionaire alive. The number was confirmed at 3:30 p.m. Eastern by Forbes’ Real-Time Billionaires tracker, making Elon $150 billion richer than Oracle co-founder Larry Ellison, who now sits in second place after temporarily
Prediction markets made a significant appearance in the spotlight in September, with monthly volume more than doubling to $4.28 billion, while memecoin trading on Solana cooled. The question now circling crypto’s risk-taking corners is whether these markets are becoming the new trenches for degens hunting edge and adrenaline. Prediction markets rise Across the prediction market
ARK Invest CEO and Chief Investment Officer (CIO) Cathie Wood made remarkable statements on many topics, from global markets to US inflation, from the cryptocurrency industry to initial public offerings (IPOs), during the Bloomberg ETF IQ program on Bloomberg TV. Answering questions from Katie Greifeld, Eric Balchunas, and Scarlet Fu, Wood painted an optimistic picture
Bitcoin adoption and ongoing regulatory developments in the crypto space will play key roles in how markets for the world’s largest digital currency fare as October unfolds, according to multiple analysts. The cryptocurrency has been fluctuating between $110,000 and $120,000 since late September, according to Coinbase data from TradingView. Regulatory reform affecting the crypto space
SINGAPORE — The most important story in crypto right now is tokenization and it’s coming fast to disrupt traditional finance, according to Robinhood CEO Vlad Tenev. Tenev told the crowd at the Token2049 conference in Singapore that tokenization is a “freight train” barreling toward the heart of traditional finance. “Crypto and traditional finance have been living
Investors expecting U.S. Securities and Exchange Commission approvals for a range of exchange-traded funds tracking various altcoins will have to wait longer, as the partial government shutdown lingers. The regulator said that it would “not review and approve applications” for products or provide other “non-emergency support to registrants” during the closure, as outlined in a contingency operations
Key Takeaways REXShares’ new ETF would give direct exposure to BitMine Immersion Technologies through an actively managed equity strategy. The filing does not include leverage, focusing instead on growth and income from BMNR shares. REXShares has filed with the Securities and Exchange Commission to launch the BitMine Growth and Income ETF, an actively managed fund
As the 2025 government shutdown kicks off with no end in sight, the damage from Elon Musk’s DOGE project is already hitting property markets across the country. DOGE was Elon’s brainchild during his short stint in federal office, and it’s still tearing through the real estate industry even after he walked away from Washington. As
At 19, Barron Trump has carved out a significant financial niche, primarily through his early adoption of cryptocurrencies. With an estimated net worth of $150 million, he has already surpassed his mother, Melania Trump, in wealth, a feat largely attributable to his involvement in the family’s digital asset ventures. WLFI Propels Barron’s Net Worth Past
OranjeBTC will debut on Brazil’s B3 through a reverse IPO, with a 3,650-bitcoin treasury valued at $420M. The company combines its bitcoin reserve strategy with an investor education platform to boost adoption. Backed by Ricardo Salinas, the Winklevoss twins, FalconX and Adam Back, it aims to challenge Meliuz. Brazilian cryptocurrency company OranjeBTC will begin trading