SpaceX stock has fallen to $119.79 after seven straight losing sessions, leaving SPCX 11% below its $135 IPO price before Tesla’s second-quarter earnings and a renewed Starship launch attempt. Summary SpaceX stock closed 3.34% lower at $119.85 before recovering slightly after hours. SPCX faces resistance near $125 as Tesla earnings and Starship Flight 13 approach.
The US House Agriculture Committee has scheduled a hearing on sports prediction markets as two gaming associations press Congress to prohibit sports contracts offered by platforms including Kalshi and Polymarket. Summary US lawmakers will examine sports prediction markets amid pressure to prohibit sports contracts. Gaming associations argue Kalshi and Polymarket offer products resembling traditional sports
Nigeria’s President Bola Tinubu has signed an executive order targeting regulatory gaps in a crypto market that received about $59 billion in inflows between July 2023 and June 2024, according to the International Monetary Fund. Summary Tinubu’s executive order coordinates crypto oversight without creating a new regulator. Nigeria will tighten registration, tax reporting and supervision
Cardano price remained under pressure on Monday despite the activation of the network’s van Rossem hard fork, leaving ADA traders focused on whether the token can break through its next major resistance zone. Summary Cardano remains near $0.16 as weak momentum limits gains following the van Rossem hard fork. ADA must reclaim $0.17 and $0.19
Kevin Warsh held stakes in a stablecoin venture and a dozen protocols, called Bitcoin the new gold, and became the friendliest Fed chair crypto has ever had. Then Congress asked whether the Fed would rescue the sector in a run, and he said the one word the industry was not expecting. Summary On July 14,
BitMine Immersion Technologies has added another 7,430 ETH to its corporate treasury, taking its total Ethereum holdings to 5,777,468 tokens as the company moves closer to its target of owning 5% of the network’s supply. Summary BitMine added 7,430 ETH, raising its total Ethereum treasury to nearly 5.78 million tokens overall. The company has staked
In one week, Bitcoin sat still through missile strikes in the Strait of Hormuz and then fell with Asian chip stocks. The war test and the tech test gave opposite answers about what Bitcoin is, and both answers are correct. Working out how is the most useful thing a holder can do right now. Summary
Bitcoin price has slipped below $64,000 as renewed US-Iran tensions, volatile oil prices, and a technology-sector sell-off tied to China’s Kimi K3 launch drove investors away from risk assets. Summary Bitcoin price fell below $64,000 as Middle East tensions and Kimi K3 rattled risk markets. BTC must reclaim $65,047 to confirm a sustained recovery toward
South Korean tax officials have proposed amendments to the country’s Criminal Procedure Act to establish a legal framework for seizing self-custodied digital assets, arguing that existing rules do not adequately cover wallets controlled through private keys. Summary South Korean tax officials have proposed changes to criminal law to allow the seizure of self custodied digital
Hyperliquid has announced plans to introduce permissionless deployment for HIP-4 outcome markets, with the feature set to roll out on testnet before a later mainnet release. Summary Hyperliquid plans to introduce permissionless deployment for HIP 4 outcome markets, starting on testnet before a mainnet rollout. Market deployers will need to stake 500,000 HYPE and can
