SpaceX shares have erased their post-IPO surge as investors question the company’s valuation, spending plans, and near-term financial outlook. SpaceX stock fell to a record closing low of $113.50 on July 27, extending a very sharp reversal that began shortly after the company saw its debut on June 12. The shares have now lost…
XRP price fell about 5% to $1.05 on July 28 as a broader risk-off move and forced long liquidations pushed the token below a closely watched technical floor. Summary XRP dropped from roughly $1.11 to $1.05, breaking support near $1.054. The 4-hour RSI fell to 25.93, placing XRP in oversold territory. Daily Chaikin Money Flow…
In crypto news today (July 28), Bitcoin has dropped nearly -3% overnight, losing $65,000 and looking likely to retest $60,000 ahead of today’s FOMC meeting. Liquidations have picked up as a result, with over $600M in positions blown up since yesterday, and unsurprisingly, more than $530M of that figure has come from long trades. Yesterday…
The joint filing backs federal oversight but asks the CFTC to clarify settlement tests and publish its reasoning after every contract review. The Hyperliquid Policy Center and Multicoin Capital submitted a joint comment to the US Commodity Futures Trading Commission (CFTC) on July 27th. They expressed support for the agency’s proposed prediction market framework…
Hong Kong’s banking industry received a Quantum Preparedness Index score of 2.3 out of 10 on July 27, showing that lenders remain at an early stage of preparing for quantum-related cyber risks. Summary Hong Kong banks scored 2.3 out of 10 on the HKMA’s inaugural preparedness index. 32% of surveyed banks had not started preparing…
BEAT has plummeted the most from the top 100 alts, followed by NEAR, SHIB, and PI. After rallying on Monday to a multi-day peak following the weekend de-escalation on the war front, bitcoin was violently rejected and driven south by almost three grand in hours. Most altcoins have joined the painful ride, including ETH,…
Fanatics agreed on July 27 to acquire Water Street Labs and CX Clearinghouse from BGC Group, giving the sports platform a federally regulated exchange and clearinghouse for its prediction markets business. Summary Fanatics agreed to buy two CFTC-registered entities, gaining direct control of exchange and clearing infrastructure. Water Street Labs received CFTC designated contract market…
Fundstrat’s Tom Lee believes the passage of the CLARITY Act in the United States will supercharge crypto. Bitmine chairman Tom Lee said on CNBC on Monday that crypto is recovering because it is being embraced outside the United States. Europe, Japan, and Russia are passing CLARITY Act-like bills to regulate the industry, which has…
Zimbabwe’s securities regulator listed seven fintech projects as approved regulatory sandbox participants on July 24, with tokenization accounting for four of the projects. Summary Seven fintech projects received SECZ approval for supervised testing, with four focused directly on tokenization. Sandbox admission allows live trials but does not guarantee commercial registration after testing concludes successfully. Approved…
Some traders dismissed the ambitious forecast, while others argued a five-figure ETH price is far from unrealistic. Pseudonymous trader CrediBULL Crypto is calling for Ethereum (ETH) to reach $20,000 or higher, repeating a target he first laid out three weeks ago when the token was trading near $1,500. According to him, Ethereum is finishing…
