Category: crypto

Ark Invest purchased $52.1 million of SpaceX stock as the shares fell below their IPO price. The stock has dropped 42% from its post-listing high. Ark bought the shares through its exchange-traded funds, reinforcing their long-term conviction despite potential risks. SpaceX stock remains in a bearish channel on the charts.

Trump Media & Technology Group has introduced a paid data service that will provide real-time posts from Truth Social’s top accounts to financial firms and news organizations. The service, available through a licensed API, includes posts from President Trump’s account, which is the most followed on Truth Social. Critics question the ethics of generating revenue…

A White House teleprompter operator, Gabriel Perez, is being investigated by the CFTC for allegedly earning over $90,000 in profits from Kalshi bets tied to Trump’s speeches. Kalshi froze most of the gains and Perez has been placed on paid leave. Trump Media is selling real-time Truth Social data to financial firms.

CNN investigation found that President Trump promoted companies like Nvidia and Tesla days after purchasing their shares, potentially benefiting financially. The White House denies Trump controls the trades, stating they are managed by third parties. The investigation has raised concerns about ethics rules and potential conflicts of interest in the CLARITY Act.

SBI Global Asset Management and DigiFT have launched the first tokenized Japanese equity fund on the Solana blockchain, offering accredited and institutional investors access to a high-dividend equity strategy. This move is part of SBI’s expansion into blockchain, alongside partnerships with Ripple and the upcoming launch of a stablecoin lending product.

This article does not provide investment advice and is for educational purposes only. Institutional crypto OTC markets are expanding beyond block trades to offer execution, settlement, and infrastructure services. The evolution of OTC desks is driven by growing demand from various institutions with diverse needs, emphasizing the importance of settlement capabilities, multi-venue aggregation, and regional…

BlackRock has joined a DTCC pilot to tokenize stocks and U.S. Treasuries in an infrastructure safeguarding $114 trillion in assets. The pilot involves major financial firms like JPMorgan and Goldman Sachs, tokenizing assets like Microsoft and Circle. DTCC plans to expand to public blockchain networks in the future.

XRP Ledger’s fixCleanup3_2_0 amendment is in its final two-week activation countdown after receiving over 80% validator support. The upgrade includes fixes for lending, permissioned domains, and the Permissioned DEX. If support stays above the threshold, activation is set for July 29. The amendment combines multiple maintenance fixes into one package.

SpaceX stock remains steady above its IPO price after Needham raised its price target to $250, citing AI developments and upcoming launch milestones. Concerns about an AI stock bubble threatening financial markets persist, but Needham sees AI and Starship as potential catalysts for SpaceX’s stock growth. Technical indicators show a potential breakout level near $135…

Aave has launched its V4 lending protocol on Avalanche, marking its first expansion outside of Ethereum. The deployment focuses on tokenized real-world asset lending and institutional credit markets. This move follows Aave V3’s success on Avalanche and introduces a Hub and Spoke architecture for specialized lending markets. Despite the launch, AAVE token prices have fallen…