Key Takeaways Cathie Wood, CEO of Ark Invest, said SpaceX could become “the most important company in history.” Shares traded at $116.95, about 48% below their $225.64 peak and 13% below the $135 IPO price. Wood sees Starlink and orbital data centers turning SpaceX into a global communications and AI infrastructure powerhouse. Ark Looks Beyond…
Key Takeaways Bitcoin futures open interest hit $49.82 billion on July 22, led by Binance’s $9.24 billion share. Deribit calls outnumber puts 65.88% to 34.12%, showing traders favor higher bitcoin prices through 2026. Binance max pain data points to $72,000 by late September, the highest projection among major exchanges. Bitcoin traded at $65,971 per coin…
Key Takeaways Polymarket prices Democrats at 86% odds to win House control, with $9 million traded on the market. Kalshi’s KY-04 GOP primary, Gallrein versus Massie, leads all midterm markets at $22 million. Nevada’s abortion protection amendment carries the strongest odds among ballot measures at 92%. On Polymarket, bettors give Democrats an 86% probability of…
Key Takeaways BIS researchers Hofmann, Mehrotra and Paulick studied 130+ economies and stablecoin data from 184 countries since 2017. Capital controls cut bank dollarization by up to 32 percentage points but showed no effect on stablecoin inflows. Stablecoin market capitalization has nearly tripled since 2023, led by USDT and USDC. A Bank for International Settlements…
Key Takeaways River’s July report found 49.6 million Americans hold bitcoin versus 28.8 million who own gold. US bitcoin ownership climbed from a 14.3% adoption rate to 18.6% in about six months. The US government holds 328,372 BTC as lawmakers weigh a formal strategic reserve. Bitcoin Adoption Outpaces a 5,000-Year-Old Rival River, a bitcoin-focused financial…
Key Takeaways Analysts have named $5, $8, and $13 as SUI targets for the rest of the year. Michael van de Poppe flagged SUI’s “early recovery signs” on July 13, as the altcoin index hit 58. Sui Foundation faced three major outages in the month of May resulting in 15 hours of combined downtime. A…
Key Takeaways Lynq partnered with Nonco on July 21 to give institutional clients round-the-clock stablecoin liquidity. Clients can convert TFND shares into USDT, USAT, RLUSD or USDC 24 hours a day, bypassing U.S. wire limits. Nonco will initially operate off-platform, offering OTC settlement with no required Lynq software updates. Eliminating Operational Constraints in Digital Markets…
Key Takeaways Meta targets up to $145B in AI by 2026 after 8,000 layoffs and a major workforce reshuffle. Zuckerberg wants Meta AI gains in 3 to 6 months as Big Tech’s AI race intensifies. OpenAI, Google and Microsoft raise pressure as Meta races to deliver AI agents by 2026. Inside Meta, the big worry…
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. International online trading platform Interactive Brokers (IBKR) has officially suspended stablecoin deposit services for clients residing in the Philippines. The decision, communicated via direct email notifications to Philippine account holders, comes amid strict local regulatory…
Key Takeaways Scammers are impersonating FBI personnel to target people who have already lost money. Criminals are using AI-generated videos, fake websites, and messaging apps to appear legitimate. The FBI says IC3 never charges recovery fees or contacts victims through social media. Fake Agents Target Victims a Second Time The FBI is warning that scammers…
