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SpaceX is sitting on 8,285 BTC worth $603 million in Coinbase Prime custody while reporting a loss of nearly $5 billion for 2025, according to Arkham Intelligence data and a report from The Information published late Friday.The loss marks a sharp reversal from a year earlier when SpaceX generated roughly $8 billion in profit on revenues estimated between $15 billion and $16 billion.Revenue grew to $18.5 billion in 2025, but the integration of xAI, Elon Musk’s artificial intelligence venture acquired in February, drove costs past the top line.There are no changes to the company’s bitcoin position despite these losses. Transfer…
A resident of Kansas has admitted to stealing around $160,000 from US banks in a check fraud scheme. According to the United States Attorney’s Office for the Western District of Missouri, Jevon Crudup defrauded banks by depositing U.S. Treasury Department checks that had been stolen and altered. “The defendant deposited the altered and forged Treasury checks at ATMs using the bank accounts of other persons he met online.” Under the scheme, the people Crudup recruited online would hand over their bank account details and sometimes the credentials required to access them, in return for undisclosed financial compensation. “Crudup would then…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The debate over quantum computers and their risks in the crypto space is gaining traction as new insights emerge about the safety of XRP holders. A crypto pundit has shared information examining how exposure levels to these risks differ across accounts and what that could mean if quantum computing becomes a threat. The expert’s analysis also offers a closer look at whether holders could face significant risk or remain largely protected under current security conditions. XRP Holders Face Risks From Quantum Computers Concerns about quantum computers and…
Polymarket launches pUSD, a USDC-backed ERC-20 on Polygon, cutting gas fees and failed trades with audited CTFv2 smart contracts Polymarket has announced a protocol upgrade that introduces Polymarket USD, known as pUSD, as part of its system changes on Polygon. The update focuses on improving trade execution, lowering costs, and simplifying how balances are managed. The company stated that daily use will remain the same, but the underlying process will change through a new collateral structure. Introduction of pUSD as Collateral Token Polymarket USD, or pUSD, is a new ERC-20 token built on the Polygon network. It acts as the…
On-chain data points to easing selling pressure, with realized losses falling and spot markets shifting toward net buying. Digital Currency Market Dynamics:#Bitcoin #signals #potential #seller #exhaustion #realized #losses #decline
The US national debt has now climbed by about $571.28 billion this year as Treasury data show total public debt outstanding approaching $39 trillion. According to the US Treasury’s Debt to the Penny dataset, total public debt outstanding stands at staggering $38.969 trillion as of April 7, 2026. The national debt has continued to rise as the federal government runs large deficits and finances spending through additional borrowing. Debt to the Penny is the daily measure of total public debt outstanding and includes both debt held by the public and intragovernmental holdings. In a recent interview with NPR, JPMorgan Chase…
France advances new crypto reporting rules, tightens oversight, and considers new tax measures for digital assets. France is moving forward with stricter crypto rules to improve transparency and control. Officials are taking steps from two directions at the same time. Thus, new policies are being formulated by both lawmakers and central bank leaders. These are to reinforce regulation in the rapidly expanding crypto industry. France Advances New Crypto Reporting and Oversight Measures An anti-fraud bill has been passed by the French National Assembly that includes a new reporting rule. This regulation mandates that self-hosted crypto wallets be reported annually. This…
Crypto trading has cooled in early 2026, and Wall Street analysts are racing to adjust their forecasts before companies report first-quarter earnings.New research from Barclays and Oppenheimer shows multiple analysts are reaching similar conclusions, a few weeks into the second quarter. Expectations are coming down across the sector as trading volumes weaken and earlier projections look too optimistic.Barclays took the most direct step, downgrading Coinbase (COIN) and warning that “global crypto trading activity has declined to a level not seen since the end of 2023.” The bank added that “absent a resurgence in near-term crypto trading activity, we see profitability…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Prominent market analyst Sminston With shares data showing that Bitcoin is now at a pivotal decision point following a price rally last week. The premier cryptocurrency commenced April on a bullish note, recording a seven-day gain of about 10%, according to CoinMarketCap data. This price surge amid an extended bear market has triggered certain market dynamics that could lead to a deep retrace if the current rally proves unsustainable. Bitcoin Touches CoP Floor – What Comes Next? In an X post on April 10, Sminston With reports…
Bhutan cuts Bitcoin holdings from 13,000 BTC to 3,954 BTC in 18 months, with $215.7M transferred out and mining inflows declining Bhutan has reduced its Bitcoin holdings over the past 18 months, based on new blockchain data. Arkham data shows a steady decline in the country’s reserves since late 2024. The figures also point to changes in mining activity linked to its hydropower resources. Bitcoin Holdings Drop Sharply Over 18 Months Arkham data shows Bhutan held about 13,000 BTC in October 2024. Since then, the country’s holdings have fallen to 3,954 BTC. This marks a drop of nearly 70% over…