Elon Musk’s SpaceX is just hours away from launching the biggest IPO in history, while seeking to raise $75 billion. Demand has already exceeded supply by nearly four times. Now, investors are wondering where the money will come from. If investors sell their existing holdings to secure a Space IPO, that could create a liquidity
Bitcoin has confirmed a major rounding top breakdown after losing the $65,000 support zone, with technical indicators and derivatives positioning pointing to a possible decline toward the mid-$40,000 range. According to data from crypto.news, Bitcoin ($BTC) price traded near $62,900 on June 11 after recovering from a sharp selloff that briefly pushed the asset below
StarkWare has announced that StarkNet, its zero-knowledge rollup scaling network, has launched STRK20s on mainnet — a privacy framework designed to let users shield their digital assets from public view. The framework leverages zero-knowledge (ZK) proofs to enable confidential transactions directly on the network. How STRK20s Works Through supported wallets such as Ready X and
Strategy (MSTR) CEO Phong Le has clarified that the company’s recent sale of 32 Bitcoin was not a sign of financial trouble but a deliberate operational test. In an interview with CNBC, Le explained that the transaction was designed to confirm the flexibility of the company’s asset systems and to coordinate dividend payments for its
Robbie Petersen, a partner at the crypto-focused venture capital firm Dragonfly Capital, has departed the firm to join a16z Crypto, the digital assets arm of Silicon Valley heavyweight Andreessen Horowitz (a16z). The move marks another high-profile personnel shift within the increasingly competitive landscape of cryptocurrency venture investing. A Vote of Confidence in Blockchain Fundamentals In
A large, anonymous Bitcoin holder, identified by the wallet address beginning with bc1q2, has withdrawn an additional 618 Bitcoin from the cryptocurrency exchange OKX. The transaction, valued at approximately $38.02 million, was reported by the on-chain analytics platform Onchain Lens. Accumulation Continues This latest withdrawal brings the total holdings of this particular address to 2,341
Samsung Electronics has once again overtaken Bitcoin in global market capitalization, reclaiming the 13th position among the world’s most valuable assets, according to data from CompaniesMarketCap as of June 11. The shift reflects a broader divergence between the ongoing weakness in cryptocurrency markets and a sustained rally in South Korean semiconductor stocks, with Samsung Electronics
Euroclear, the world’s largest International Central Securities Depository (ICSD), is moving to tokenize the NEU CP market — Europe’s largest market for short-term commercial paper — using distributed ledger technology (DLT). The initiative is being developed in partnership with the Banque de France, the country’s central bank, marking a significant step in the institutional adoption
Decentralized satellite internet project SpaceCoin (SPACE) has initiated a proof of concept (PoC) with South African ICT firm BCX, a subsidiary of telecommunications group Telkom SA. The announcement, made on June 11, confirms that the collaboration aims to test satellite-based Internet of Things (IoT) connectivity and has received approval from South Africa’s communications regulator, ICASA.
South Korea retained its position as the world’s second-largest cryptocurrency market in the first quarter of 2024, with an estimated trading volume of $69 billion, according to a report from U.S. blockchain analytics firm TRM Labs. The data, cited by the Seoul Economic Daily on June 11, places the United States firmly in the lead