Tech stocks and crypto are selling off in a “classic pre-mega-IPO liquidity squeeze,” say analysts. The initial public offering of Elon Musk’s SpaceX has reportedly seen an oversubscription rate running at almost four times the planned offering size, with some analysts suggesting it could be squeezing liquidity from the market. SpaceX’s IPO (SPCX) has attracted…
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Bitcoin’s institutional support weakened as ETFs and companies dumped almost 2,000 BTC daily and Strategy’s buying lost momentum. Bitcoin (BTC) faced renewed risks of a breakdown toward $30,000, according to a new analysis, as institutional demand turned deeply negative. Key takeaways: Data shows institutions are offloading around 450% of the daily BTC supply. Bitcoin risks…
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The proposed measures would ban transactions on 11 crypto platforms and expand sanctions targeting networks accused of helping Russia evade restrictions. The European Union proposed banning transactions on 11 crypto platforms as part of its 21st sanctions package against Russia. Kaja Kallas, vice president of the European Commission and the EU’s high representative for foreign…
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Bitcoin’s rally may reverse as its price has hit a historic resistance level and traders appear to already be taking profits, said CryptoQuant in a note on Wednesday. Bitcoin is at risk of falling into a downtrend after its price hit a key historical “major bear market resistance level” based on its 200-day moving average,…
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Nakamoto CEO David Bailey said the company is focused on scaling its Bitcoin treasury, services and trading strategies for the remainder of 2026. Bitcoin company Nakamoto saw a 500% quarter-on-quarter increase in Q1 revenue after completing two key strategic acquisitions in February aimed at expanding its footprint across the Bitcoin ecosystem. Despite recording a $238.8…
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One of the developers behind the crypto-mixing protocol Samourai Wallet has publicly expressed hopes for a pardon, along with FTX founder Sam Bankman-Fried. US President Donald Trump is reportedly considering pardoning 250 people to commemorate the country’s 250th birthday on July 4, according to The Wall Street Journal. An official announcement could come on June…
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Upexi expanded its Solana holdings to 2.5 million tokens, valued at over $238 million, making it the second-largest publicly traded corporate holder of Solana after Forward Industries. Despite this milestone, the company’s shares dropped 8.16% on Tuesday following the release of its fiscal third-quarter earnings report, which showed a widened net loss of $109 million…
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Paradigm’s Matt Huang previously said developments in AI were “too interesting to ignore” and that both AI and crypto will have plenty of overlap. Crypto investment firm Paradigm is seeking to raise $1.5 billion for a new fund that will invest in companies in AI, robotics and other frontier technologies, according to the Wall Street…
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The Wall Street banking giant has been accelerating its foray into crypto, filing to launch Bitcoin, Ether and Solana ETFs in January. Morgan Stanley has applied for a de novo national trust bank charter, allowing the bank to hold digital assets on behalf of its clients — a move in rhythm with its recent crypto…
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Mark Karpelès said it has been 12 years since the start of Mt. Gox’s bankruptcy proceedings and “this is probably the last sore point on this whole case.” Mark Karpelès, the former CEO of Mt. Gox, is calling on community support for a proposal to recover more than $5.2 billion stolen from his Bitcoin exchange…
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