SpaceX's AI growth projection could redefine its market identity, attracting new investors but posing significant valuation risks.
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Crypto pundit Ash Crypto has drawn attention to speculations about how institutions could be crashing the Bitcoin price on purpose. This comes as the Bitcoin ETFs continue to record massive outflows, which have caused this latest decline for the leading crypto. Pundit Highlights Speculations Of Institutions Purposely Crashing Bitcoin Price In an X post, Ash Crypto claimed there were rumors that institutions are purposely crashing the Bitcoin price so they can buy at lower prices before the Clarity Act is signed into law. The pundit noted that a similar pattern had played out in August 2022, when BlackRock filed for a private Bitcoin trust, and BTC later dropped about 36% before forming a bottom. Related Reading: What To Expect For The Bitcoin Price By EOY 2026 Following that, BlackRock then filed for a spot Bitcoin ETF, and the Bitcoin price later surged by 95%. Ash Crypto noted that BTC hit a new high in January 2024, when spot ETFs were approved. He added that insider institutions are repeating the same strategy with the Clarity Act narrative. The Bitcoin ETFs have largely contributed to the decline in the Bitcoin price, with these funds recording outflows in 13 out of the last 14 trading days. During this period, their total net assets have dropped from around $104 billion to $82 billion. Strategy co-founder Michael Saylor also cited these outflows in his comments on the BTC crash. In an X post, Saylor said that the capital markets are funding the AI buildout at a historic scale, with $400 billion deployed over six months, while BTC ETFs have seen $4 billion in outflows since May 14, pressuring the Bitcoin price. He declared that this is a capital rotation, not a BTC impairment, while adding that volatility creates opportunity. BTC Simply Following The Four-Year Cycle Crypto analyst Benjamin Cowen has reiterated that the Bitcoin price is simply following the four-year cycle. He also mentioned that the bull case for BTC is that if the economy is still doing well after the four-cycle low is put in, then it should have no problem starting its next bull market. Based on historical trends, the bear cycle low could happen by the fourth quarter of this year. Related Reading: Has The Bitcoin Crash Ended After Falling Below $70,000? Meanwhile, Cowen noted that midterm years always feel really bad for crypto, and that this one is even worse, since the Bitcoin price topped on apathy. He opined that Bitcoin will survive, although many crypto assets may die out. Crypto analyst Ali Martinez warned that BTC is not looking good at the moment and that the leading crypto could drop to the next major area of support between $54,000 and $50,000. At the time of writing, the Bitcoin price is trading at around $63,100, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pngtree, chart from Tradingview.com
Securitize moves closer to its NYSE listing after the SEC declared effective its SPAC merger filing with Cantor Equity Partners II.
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Nvidia's dominance in AI-chip demand reshapes market dynamics, challenging traditional tech leaders and influencing future market cap forecasts.
The post Nvidia poised to end June as largest company by market cap: Polymarket appeared first on Crypto Briefing.
US Treasury sanctions Cuban President Daz-Canel, family members, and military entities under Executive Order 14404, freezing assets and escalating pressure
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The Federal Reserve's weekly balance sheet shows reserve balances fell $52.7B to $3.014 trillion, with implications for crypto and risk asset liquidity.
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Bitcoin critic and gold advocate Peter Schiff rarely misses an opportunity to make a point about Bitcoin, and this week he made one that is harder than usual to dismiss. As Bitcoin collapsed below $62,000 and fingers pointed at Michael Saylor’s 32 Bitcoin sale as the trigger, Schiff offered a counterpoint that reframes the entire …
Ripple Chief Executive Brad Garlinghouse has made the clearest case yet for why the CLARITY Act matters to the entire crypto industry, even as he acknowledged that Ripple itself already has the legal certainty most digital asset companies are still fighting for. XRP Already Has Clarity. The Industry Does Not. Speaking at an event, Garlinghouse …
The potential privatization of Fannie Mae and Freddie Mac could reshape the housing finance landscape, impacting mortgage rates and market dynamics.
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The decline in small business hiring plans signals potential economic caution, impacting job growth and investor confidence in the near term.
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Strategy’s Bitcoin sale challenged the “never sell” narrative, while JPMorgan attacked CLARITY and Capital B pursued a huge fundraising plan for BTC.
As cryptocurrency-related bills from regulating stablecoins to the market as a whole take center stage — now comes how to tax those assets.
Crypto Market is crashing today! Massive sell-offs, huge long liquidation and record ETF outflows have dragged the cryptos below their critical support zone. Bitcoin price drops to $60,600, while Ethereum heads below $1,600. Moreover, the XRP price is on the verge of losing the $1 threshold, Cardano hits the levels not seen in the last …
The nearing US-Iran nuclear framework could ease regional tensions and influence global diplomatic and market dynamics significantly.
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Ethereum is once again staring at a familiar crypto nightmare: leveraged positions stacked on top of each other while price action starts to crack. According to data, a total of 343,075 ETH, worth roughly $547 million, is currently exposed to liquidation across DeFi protocols. The largest concentration sits at 137,908 ETH, with a liquidation level …
SpaceX's IPO could reshape market dynamics, challenging traditional banking roles and influencing future tech IPO strategies globally.
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India's rescue package may stabilize the rupee but could tighten liquidity, impacting investment flows and potentially boosting digital assets.
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Solana Mobile's curated dApp Spotlight could enhance app visibility, driving user engagement and potentially reshaping decentralized app ecosystems.
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U.S. stock access is turning into one of the next major battlegrounds for crypto exchanges. For years, U.S. equity investing sat mostly inside traditional brokerage channels, while crypto platforms remained focused on digital assets. That divide is starting to narrow as exchanges move into stocks, ETFs, and real-world asset products that let users access more …
The tokenization specialist behind BlackRock's BUIDL fund could begin trading on the NYSE as SEC approves merger registration.
Shares of Cypherpunk Technologies plunged more than 40% following the disclosure of a critical bug that was recently patched in Zcash.
SpaceX's IPO could reshape investment dynamics in space tech, influencing market valuations and U.S. space-security policy integration.
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Pump.fun launched a new bounty platform where users started funding bizarre memecoin marketing stunts, including forehead tattoos, skydiving as a mascot and setting a vehicle on fire.
S&P blocks fast index entry for SpaceX, OpenAI, and Anthropic, delaying potential billions in passive fund demand.
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Securitize's SPAC merger is expected to close shortly after a CEPT shareholder vote, if approved, later this month.
Bitcoin’s June correction is now being accompanied by a sharp rise in whale deposits to Binance, according to CryptoQuant analyst Darkfost, reviving a pattern last seen during the market’s February stress event. The data suggests that large holders are moving more BTC back onto the exchange as the selloff deepens, potentially adding near-term supply pressure. Darkfost said Bitcoin is down 14% in June, with the decline accelerating over the past several days. That move has pushed some investors into a more defensive posture, particularly large entities moving sizable amounts of BTC. In the analyst’s framework, whales are defined as entities executing transactions above 100 BTC, or more than $6 million at current prices. The most visible change has occurred on Binance. According to the post, whale inflows to the exchange reached approximately 8,200 BTC on June 2, followed by more than 6,400 BTC on June 4. More importantly, the trend has also shifted on a monthly basis: average whale inflows on Binance have risen from roughly 1,200 BTC since mid-April to more than 2,800 BTC today, meaning the figure has more than doubled in a matter of weeks. “On Binance, BTC inflows from whales have accelerated sharply,” Darkfost wrote, pointing to the June 2 and June 4 peaks. “On a longer-term basis, the monthly average of whale inflows on Binance has moved from approximately 1,200 BTC since mid-April to over 2,800 BTC today, more than doubling within a matter of weeks.” Bitcoin Whale Deposits Point To Rising Sell-Side Risk Exchange inflows do not mechanically prove that coins have already been sold. However, large transfers to trading venues are commonly watched as a proxy for potential sell-side intent, especially when they occur during a fast correction rather than during a period of accumulation or sideways consolidation. Related Reading: Bitcoin’s Most Important Metric Flashes Warning As Bulls Fight To Hold $60K Darkfost framed the current increase in that context. “This dynamic suggests that the ongoing correction is pushing some whales to move their BTC back onto the exchange, presumably with the intention of selling,” the analyst wrote. “This behavior looks more like emotional risk management than a deliberate strategic decision.” That distinction matters for market interpretation. A strategic rebalance usually implies pre-planned execution, portfolio rotation, or a controlled reduction in exposure. Panic-driven exchange inflows, by contrast, tend to appear after price damage has already forced large holders to reassess risk. They may worsen near-term pressure, but they can also emerge late in a corrective sequence. Related Reading: Bitcoin’s Great Wealth Transfer May Fuel Next Rally, Says CryptoQuant CEO Bitcoin was trading near $62,533 at the time of writing, after an intraday low of $61,407 and high of $64,380. That puts the market close to the levels referenced in Darkfost’s comparison with February, when whale inflow activity on Binance last reached a similar intensity during Bitcoin’s drop to $60,000. February Comparison Raises The Key Question The February reference is the central point of the analysis. Darkfost noted that the last comparable surge in Binance whale inflows came as Bitcoin fell below $60,000 earlier this year. In that case, the elevated inflows reflected stress after a sharp drawdown rather than an early warning signal ahead of the full move. “For reference, the last time whale inflow activity on Binance reached such levels was during Bitcoin’s drop below $60,000 in early February,” the analyst wrote. “This development introduces additional selling pressure in the short term. That said, panic-driven moves of this kind tend to arrive well after the fact, as was the case in February.” At press time, BTC traded at $62,332. Featured image created with DALL.E, chart from TradingView.com
Fidelity's move democratizes access to high-profile IPOs, potentially reshaping retail investment dynamics and increasing market participation.
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ARMA's structured oversight and long-term Bitcoin custody could stabilize market dynamics and enhance federal digital asset governance.
The post BPI’s Ken Egan outlines ARMA’s role in Treasury Bitcoin custody and reporting appeared first on Crypto Briefing.
Bitcoin's dip highlights the impact of strong US economic data on cryptocurrency markets, emphasizing the dollar's dominance over riskier assets.
The post Bitcoin briefly falls below $60K for the first time since October 2024 appeared first on Crypto Briefing.
U.S. stocks fell after employers added 172,000 jobs in May, exceeding expectations and reinforcing signs of a resilient labor market. The S&P 500 declined 1%, while the Nasdaq dropped 1.6% as investors reassessed the outlook for interest rates. The market reaction reflects concerns that a strong economy could keep inflation elevated, reducing the likelihood of …