Author: boss

Kraken Opens SpaceX IPO Access Through xStocks Platform

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Crypto exchange Kraken is giving customers access to the upcoming SpaceX initial public offering through xStocks, a tokenized equities platform, highlighting the growing convergence between crypto infrastructure and traditional capital markets. Kraken announced Friday that SpaceX will be the first public offering available through xStocks IPO Access, which allows eligible users to participate in the offering through tokenized equity instruments. To participate, users must have a verified Kraken account on the Kraken mobile app and submit an application for IPO access. The offering is not available through Kraken Pro or…

Crypto Tax in Illinois FY2027 Budget is One Step Away from Becoming Law

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Some digital asset industry advocates are pushing back against a provision in a $56 billion state budget passed by the Illinois General Assembly on Monday, due to its impact on crypto users.  In a Senate bill included as part of the Illinois state budget for the fiscal year 2027, lawmakers proposed a 0.2% tax on crypto transactions, to be imposed by the “digital asset broker making or effectuating the sale of the digital asset business activity.” The 1624-page bill, part of the revenue and tax package to fund the state’s…

Are Institutions Crashing The Bitcoin Price On Purpose? Here’s What People Are Saying

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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…

Strategy’s Bitcoin Sale Shakes Treasury Trade Assumptions

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Strategy’s sale of 32 Bitcoin shouldn’t have mattered. The company still holds hundreds of thousands of BTC, and the transaction barely moved the needle on its balance sheet. Yet the market reaction was swift, exposing how much of the Bitcoin treasury trade had been built on a simple assumption: companies buy Bitcoin… and they never sell it. Elsewhere in crypto this week, JPMorgan CEO Jamie Dimon escalated his fight against the industry’s preferred market structure bill and a French Bitcoin treasury company pushed the limits of capital formation by asking…

Bitcoin faces a new test as Saylor calls for ideological balance

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Michael Saylor has urged Bitcoin supporters to balance purity, adoption, innovation, and stability as the asset trades near its weakest levels in almost two years. Summary Michael Saylor said Bitcoin’s future depends on balancing competing ideologies, not choosing one camp. Saylor named Maximalists, Capitalists, Technologists, and Fundamentalists as key groups in Bitcoin’s growth. Strategy’s sale of 32 BTC raised concerns despite its holdings of more than 844,700 BTC. Saylor, writing in a Friday post on X, said Bitcoin’s future should not depend on one dominant ideology. The Strategy chairman said…

Pump.fun Bounty Platform Pays Users for Bizarre Memecoin Stunts

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Solana-based memecoin launchpad Pump.fun introduced a new open bounty platform where users have posted crypto rewards for bizarre promotional tasks, such as tattooing the ticker symbols of memecoins, quitting their current job live on camera or skydiving into a World Cup match. Pump.fun introduced the new platform on Thursday, positioning it as an open marketplace to “complete bounties for ANY task and leverage the power of humans & money across the globe.” The submissions are reviewed by Pump.fun while funds are in escrow. If accepted, the bounty is paid out…

Bitcoin Whales Return To Binance: Selloff Echoes February Panic

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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…

Saylor Says Bitcoin Needs Disciplined Expansion as Demand Resets

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Strategy co-founder and executive chairman Michael Saylor said Bitcoin needs “disciplined expansion” through banks, companies, securities, credit and capital markets, laying out a path for the asset as spot exchange-traded fund (ETF) outflows and a broader market sell-off test institutional demand. On Friday, Saylor published an essay, saying Bitcoin’s base layer should be treated as “sacred infrastructure,” with most innovation occurring through higher layers, applications, custody systems, credit instruments and financial infrastructure. The comments frame Bitcoin’s next phase as a clash between two institutional channels: passive spot ETF exposure, which…

$62B In Treasuries Erased, Analyst Sees Potential Bottom Ahead

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Morgan Stanley taps Galaxy to offer crypto-backed access to Bitcoin ETF products

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Morgan Stanley Wealth Management has expanded its crypto offering by enabling eligible clients to convert digital asset holdings into spot crypto exchange-traded products through a new referral arrangement with Galaxy Digital. Summary Morgan Stanley clients can now lend Bitcoin, Ether, and Solana to Galaxy Digital in exchange for shares in spot crypto investment products. Galaxy has reduced the minimum lending transaction size for Morgan Stanley referred clients to $5 million from $25 million. According to a Friday announcement, high-net-worth Morgan Stanley clients can lend cryptocurrencies including bitcoin, ether, and Solana…