SpaceX Files Confidential IPO, Eyes $1.75 Trillion Valuation

Elon Musk’s SpaceX has reportedly filed confidentially for an initial public offering, a move that could lead to one of the largest listings in US market history. SpaceX submitted its IPO confidentially to the US Securities and Exchange Commission, according to a report from Bloomberg on Wednesday, citing people familiar with the matter. The IPO

Bithumb Pushes IPO Beyond 2028

According to the company CFO, Bithumb was “strengthen[ing] accounting policies and internal controls” ahead of its IPO plans, already delayed from 2025. South Korea-based cryptocurrency exchange Bithumb is reportedly expecting its initial public offering (IPO) sometime after 2028, in another delay after restructuring and regulatory hurdles. According to a Tuesday report from Maeil Business News

Treasury Seeks Comments on State Stablecoin Rules Under GENIUS Act

The US Department of the Treasury issued a notice of proposed rulemaking (NPRM) on Wednesday and is seeking public comment on proposed regulations for state-level stablecoin governance frameworks under the GENIUS Act. The GENIUS stablecoin regulatory framework, also known as the “Guiding and Establishing National Innovation for US Stablecoins Act,” gives states the authority to

Whale’s $80M Bet: Short Bitcoin, Long Brent Amid Volatility

Key takeaways: A Hyperliquid whale placed an $80 million bet against Bitcoin and the S&P 500 while going long on Brent crude oil prices. The whale’s history of massive losses and inconsistent signals suggests the trade could fall on the wrong side of the market. Bitcoin (BTC) showed strength on Wednesday, bouncing back from Tuesday's

EDX Markets Seeks OCC Charter for EDX Trust

EDX Markets, an institutional crypto exchange, has applied to the US Office of the Comptroller of the Currency (OCC) to establish a national trust bank that would provide crypto custody, asset management and trade-settlement services. The proposed entity, EDX Trust, would operate as a non-depository national bank, separating custody and settlement from trading while continuing

Tether Executive to Lead Crypto-Backed Super PAC

Jesse Spiro, the head of government affairs at stablecoin issuer Tether, will chair a crypto-backed super political action committee (super PAC) to “actively support candidates” in the 2026 US midterm elections and beyond. In a Wednesday announcement, the Fellowship PAC, a committee that launched in August 2025 and later claimed to have raised “over $100

Bitcoin Must Hold $69K to Restart the Bull Market

Key points: Buyers will have to sustain Bitcoin above $69,000 to gain the upper hand in the short term. Select major altcoins may break above their near-term resistance, signaling buying at lower levels. Bitcoin (BTC) is facing resistance at $69,000, but the bulls continue to exert pressure. A minor positive in favor of the bulls

Drift Protocol Suspends Activity After Suspected Exploit

Drift Protocol, a decentralized cryptocurrency exchange (DEX), detected unusual trading activity on the platform on Wednesday, warning users not to deposit funds until the issue has been resolved. The Drift team did not disclose the specific cause of the ongoing incident or the damage in its initial announcement and is currently investigating the issue.  In

Bitcoin Treasury Sales Could Spark Broader Capitulation

The value of the Bitcoin treasury company's holdings peaked at over $711 million in October 2025, when BTC hit an all-time high of about $126,000. Bitcoin (BTC) treasury company Nakamoto (NAKA) selling its BTC at a loss could signal capitulation of more crypto treasury companies and the start of a “contagion” that could spark a

Buffett’s $17B T-Bills Purchase: What It Means for Bitcoin

Warren Buffett, the legendary investor and chairman of Berkshire Hathaway, said in a CNBC interview this week that his firm purchased approximately $17 billion in US Treasury bills at the latest auction. Is a stock market crash coming and what does it mean for Bitcoin (BTC)? Key takeaways: Berkshire held $373 billion in cash or
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