Category: crypto

SpaceX has secured a $920 million monthly compute deal with Google ahead of its Nasdaq listing. Google will access 110,000 NVIDIA GPUs and equipment from October 2026 to June 2029 to meet demand for AI products. The agreement can be terminated with 90 days’ notice and SpaceX’s IPO may impact its strategy.

Digital asset treasury companies are facing pressure due to the crypto market slump, leading to major holders of bitcoin, ether, and Solana experiencing significant unrealized losses. However, Hyperliquid treasury firms, particularly Hyperliquid Strategies, have managed to maintain meaningful unrealized gains despite the market downturn.

Bitcoin fell below $60,000 after a 20% drop, leading to Jim Cramer blaming Michael Saylor for the selloff. Saylor responded, saying it was just a “flesh wound.” Analysts suggest ETF outflows and whale selling had a larger impact on Bitcoin than Saylor’s sale of 32 BTC. Concerns also arise about Strategy’s funding model.

Uniswap saw its highest daily UNI burn ever under the UNIfication mechanism, with 134,000 UNI tokens burned in 24 hours. Hayden Adams expressed strong optimism for DeFi and Ethereum despite weak market sentiment. Uniswap also expanded fee collection and burns to BNB Chain, Polygon, and Celo. The token still trades at $2.47.

Pump.fun has launched a new bounty marketplace called GO with over 320 active tasks and $144,000 in rewards. Users can offer crypto payouts for various challenges, with the largest reward being under $700. Despite high payouts advertised, actual earnings have been modest. The platform aims to connect users globally through tasks.

Coinbase CEO Brian Armstrong argues that competition with China in the crypto industry could strengthen America and push Washington to improve crypto policy. He warns that strict regulations could benefit China and offshore stablecoin issuers. Armstrong frames crypto legislation as a national competitiveness issue, urging lawmakers to consider it in the context of America’s economic…

U.S. spot Bitcoin ETFs saw a $3.05 million inflow, ending a 13-day outflow streak that totaled over $4.4 billion since mid-May. BlackRock’s IBIT led the turnaround with $47.66 million in inflows. Spot Ether ETFs also returned to positive flows, while Hyperliquid ETFs continued their inflow streak. Bitcoin ETF assets remain below recent highs.

Kraken has launched tokenized access to the upcoming SpaceX IPO through its xStocks platform, allowing retail investors in over 110 markets to apply for tokenized shares backed by stock. SpaceX aims to raise $75 billion at a valuation of $1.8 trillion, potentially making it the largest IPO ever.

Travala has launched a new AI-powered hotel booking protocol called Travel MCP that allows agents to search, book, and pay for hotel stays using USDC on Base. The protocol supports over 2.2 million properties and enables near-instant payments at a cost of $0.01 per booking. Travala plans to expand the system to flights in the…

JPMorgan analysts suggest that passing the CLARITY Act is becoming increasingly difficult due to a busy legislative schedule and disagreements over key provisions. The bill, which aims to regulate digital assets, faces opposition from banks over stablecoin provisions. Senate action on the bill may not occur until August, delaying progress.