Author: boss

SpaceX IPO sets up Bitcoin exposure test as liquidity fears grow

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SpaceX has outlined plans for a record $75 billion stock market debut that would value Elon Musk’s space and AI company at about $1.77 trillion. Summary SpaceX plans to raise $75 billion through an IPO that would value the company at about $1.77 trillion. Elon Musk would keep 82.4% voting control after the offering, according to the company’s SEC filing. The IPO could surpass Saudi Aramco’s 2019 listing and become the largest public offering in history. SpaceX said the proceeds will support its rocket, Starlink, artificial intelligence and space data…

Israel’s Tax Authority ‘Disappointed’ in Voluntary Crypto Disclosures: Report

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Israeli taxpayer disclosures of profits from cryptocurrencies have reportedly fallen short of expectations at the Israel Tax Authority after enactment of a policy allowing immunity from criminal proceedings for filers correcting their reports. According to a Wednesday report from Globes, Israeli authorities had expected to gain up to $1 billion in taxes from “voluntary disclosures” allowed under an August 2025 policy, but have so far only received reports of a fraction of those capital earnings. The local news outlet reported that the tax authority had received reports of $50 million…

Bitcoin Drops Below $66,000 Amid Mounting ETF Outflows, $4B Withdrawn In 12 Days

boss

The market’s leading crypto, Bitcoin (BTC), is coming under fresh pressure as multiple warning signs converge—from heavy selling in the exchange-traded fund (ETF) complex to renewed doubt around Strategy’s long-held “never sell” narrative.  The result has been a weak session: on Wednesday, the cryptocurrency slipped below the key $66,000 level, extending a selloff that has already erased about $160 billion in overall market value this week, according to Bloomberg. $2.5M Bitcoin Sale Spooks Market Earlier in the week, Michael Saylor’s Strategy sold roughly $2.5 million worth of Bitcoin from a…

Wyoming Issues Executive Order to Guide AI Data Center Development

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Wyoming Governor Mark Gordon has signed an executive order establishing a framework for developing data centers and advanced computing facilities, underscoring the state’s push to attract AI infrastructure investment as demand for computing power accelerates. In an order published Wednesday, titled “Data Centers the Wyoming Way,” Gordon directed state agencies to support the responsible development of large-scale data centers and other advanced computing projects. The framework emphasizes water and environmental sustainability, workforce development and protections for residential electricity customers. “This Executive Order applies to executive branch agencies involved in permitting,…

US Treasury Secretary Signals CLARITY Act by Summer, Progress on Bitcoin Reserve

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US Treasury Secretary Scott Bessent told Senate lawmakers that his department is pushing to establish a strategic Bitcoin reserve and digital asset stockpile more than a year after it was called for in an executive order from President Donald Trump. Speaking at a Senate Finance Committee hearing on Trump’s fiscal year 2027 budget for Treasury on Wednesday, Bessent said that the department was “proceeding with all deliberate speed” on the president’s 2025 order to establish Bitcoin and digital asset reserves. Although the reserve has been filled with crypto seized by…

Revolut Eyes Stablecoin Services Through Future US Bank

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Fintech company Revolut plans to offer stablecoins through its future US bank, Reuters reported Wednesday, citing comments from the company’s US CEO, Cetin Duransoy. Duransoy told the news service that customers of the bank, which is expected to launch next year, will have access to FDIC-insured accounts, multi-currency deposits, stock trading and cryptocurrency services. He said that Revolut plans to initially target retail and business customers with international banking needs, including those managing multiple currencies. Revolut applied for a US national bank charter in March, which would allow the company…

Nineteen New AI Billionaires Worth $59.3 Billion. Will the Boom Make You Rich? – Bitcoin News

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Key Takeaways OpenEvidence topped 100M consultations, creating 19 AI billionaires worth $59.3B in 2026. Mercor grew revenue from $100M in 2025 to $1B in 2026, boosting AI data infrastructure. Bill Gates backs AI tax debates as investors target regulated sectors with measurable ROI. The first crop of AI tycoons made their money on foundational models; now a second wave is cashing in on what those systems can actually do. From coding agents and legal automation to a healthcare engine credited with more than 100 million consultations, startups are minting fortunes…

Casascius owner redeems $1.8M Bitcoin hidden since 2011

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A Casascius physical Bitcoin containing 25 BTC has been redeemed after nearly 15 years, unlocking cryptocurrency now worth about $1.78 million. Summary A Casascius physical Bitcoin containing 25 BTC was redeemed after nearly 15 years, unlocking holdings now worth about $1.78 million. The coin came from a 2011 Series 1 batch, with 236 of 345 coins now redeemed. The activation arrives as dormant Bitcoin wallets face growing legal and market scrutiny. According to data tracked by Casascius Tracker, the coin was activated on-chain on June 3, giving its holder access…

The selloff In Bitcoin, Altcoins Deepened, Will Bulls Buy The Dip?

boss

Key points: Bitcoin risks falling below $65,000, but lower levels are likely to attract solid buying by the bulls. HYPE, ZEC and XLM look strong on the charts while other major altcoins risk resuming their downtrend. Bitcoin (BTC) is attempting a bounce off the $65,426 level, but the bulls are struggling to hold onto higher levels. The launch of fresh strikes by the US and Iran has hurt sentiment, but Bitrue Research Institute research lead Andri Fauzan Adziima told Cointelegraph that the fall was more about “leveraged liquidations, heavy ETF…

Strategy’s high-yield STRC bet faces trouble after Bitcoin sale

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STRC has fallen below its $100 reference price this week after Strategy sold a small amount of bitcoin to help fund preferred stock distributions. Summary STRC fell below its $100 reference price after Strategy sold bitcoin to help fund preferred stock distributions. Strategy sold 32 BTC for about $2.5 million in its first bitcoin sale since December 2022. STRC’s annualized dividend rate has risen to 11.5% after repeated pressure below its par value. DeFi products tied to STRC also declined as Saturn sUSDat and Apyx apxUSD lost value this week.…