SpaceX Transfers $153M in Bitcoin After Long Period of Inactivity
For the first time in three years, SpaceX has made a significant move involving its Bitcoin reserves. Blockchain analytics firm Arkham Intelligence recently detected the transfer of 1,308 BTC — valued around $153 million — from addresses associated with the company. The funds were withdrawn from 16 traditional Pay-to-Public-Key-Hash (P2PKH) Bitcoin addresses and consolidated into […]
JPMorgan Eyes Crypto-Backed Lending as Interest in Stablecoins Grows
JPMorgan Chase is reportedly assessing the possibility of issuing loans backed by cryptocurrencies—a move that could reflect a broader shift in how traditional U.S. banks interact with digital assets. According to a report by the Financial Times on Tuesday, unnamed sources revealed that the banking giant is exploring lending products secured by crypto holdings such […]
Spot Bitcoin ETFs End 12-Day Inflow Streak as Investors Lock in Gains
After nearly two weeks of uninterrupted inflows totaling $6.6 billion, U.S. spot Bitcoin ETFs saw a reversal on Monday, recording a collective net outflow of $131.35 million. Leading the exodus was ARK Invest’s ARKB, which experienced $77.46 million in withdrawals. Grayscale’s GBTC followed with $36.75 million, and Fidelity’s FBTC recorded a smaller pullback of $12.75 […]