Key Takeaways Musk confirmed independent committees are exploring a Tesla-SpaceX merger, but shareholder hurdles remain. Tesla and SpaceX collectively hold 30,221 BTC worth approximately $2.54 billion. Tesla still rejects bitcoin payments despite Cambridge’s 52.4% sustainable mining energy estimate from last year. Musk Eyes Tesla-SpaceX Merger With 30,221 Bitcoin at Stake Elon Musk wants to bring […]
Key Takeaways Three new wallets took 1,090 BTC ($90.38M) from Wintermute on Oct. 20-21, per Lookonchain. A similar 1,162 BTC ($96.77M) transfer hit 5 fresh wallets on Oct. 14, totaling about $187M in a week. Bitcoin has closed above $80,000 for 33 days, and $84,000 is the next level traders are watching. The Blockchain Trail, […]
Key Takeaways Sophon Chain said its Ethereum Layer 2 mainnet will permanently shut down on Nov. 30, 2026. Rising $3M+ annual overhead costs highlight the financial burden facing Layer 2 networks. Users must bridge liquid SOPH, ETH, and USDC off the network by Nov. 25, 2026, or risk permanent loss. Urgent Action Required for Asset […]
Key Takeaways OKX launched Shield on Oct. 20, offering eligible U.S. customers up to $500,000 in account protection. Andrew Cuomo says his cryptocurrency interest began in 2011 and backs OKX’s push into tokenized stocks. Cuomo expects the CLARITY Act to remain stalled until after the 2026 midterms, with January offering another chance. Cuomo Says Crypto’s […]
Key Takeaways J.P. Morgan’s 2027 LTCMA, released Oct. 19, projects a 10% compound annual return for bitcoin. The bank pegs bitcoin’s volatility at 55% versus 17.2% for gold, which it expects to return 5.5%. Bitwise CIO Matt Hougan says the forecast likely overstates volatility and understates bitcoin’s returns. What Did JPMorgan Analysts Say on Record […]
Key Takeaways Bitcoin rebounded past $83,000 on Oct. 19, quelling “Black Monday” fears despite stalling below $82,000. Coinglass data noted $334M in total crypto liquidations, while U.S. bitcoin ETFs lost $228.6M last week. Glassnode expects muted upside for bitcoin until ETF and spot buyers resume accumulation. Bitcoin Bounces Above $83K as ‘Black Monday’ Fears Fade […]
Key Takeaways Strategy acquired 267 BTC for $22.1 million, increasing its holdings to 848,517 BTC. Saylor disclosed $193.1 million in STRC repurchases and a $3 billion expanded authorization. Strategy reported $4.83 billion in dollar reserves and another $447.3 million in cash. Strategy Adds 267 Bitcoin as Saylor Expands $3 Billion Buyback Program Michael Saylor‘s Strategy […]
Key Takeaways Tron booked $23.41M in 30-day revenue per Defillama, ahead of Ethereum’s $6.34M and Solana’s $3.4M. Tron holds about $94.5B of the $302B stablecoin supply, the base for its fee income. Tron’s 30-day revenue slipped 4.2% from the prior period, so the lead is wide but not growing. The Scoreboard Onchain analytics account Lookonchain […]
Key Takeaways Peter Buffett says he didn’t know his father was a billionaire until his 20s, when he saw Warren Buffett’s name on a Forbes ranking of the world’s richest people. The family lived a modest Omaha life, with public schools and a middle-class neighborhood where neighbors earned roughly $75,000 a year in today’s dollars. […]
Key Takeaways A Seoul court acquitted influencer ‘Jonber King’ in a $253M crypto fraud and token manipulation case. Judges ruled prosecutors failed to prove white papers or fake proposals directly caused investor losses. The acquittal comes as South Korea deploys AI tools to detect and curb crypto market manipulation. ‘Coin King Jonber Kim’ Acquitted in […]