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A high-leverage whale investor suffered a significant loss amid SpaceX's recent stock plunge. With a 20x long position initiated at $204.65 and a total value of $5.51 million, the position was liquidated at $105.89, resulting in a loss of nearly $1.2 million, highlighting the risks of extreme leverage during volatility.
Read MoreSpaceX signs a major compute deal with open-source AI startup Reflection. Starting July 2026, Reflection will pay $150M monthly to access SpaceX's NVIDIA GB300-powered infrastructure, in a deal potentially worth $6.3B, positioning SpaceX as a key AI compute provider.
Read MoreUS markets showed a split performance on Wednesday. The Dow edged higher, while the S&P 500 and Nasdaq Composite fell, with the tech-heavy Nasdaq dropping 1% due to broad weakness in major tech stocks. Chipmakers like Nvidia and Alphabet led the declines, though some semiconductor and memory firms bucked the trend.
Read MoreA major SHIB whale has sold 3.8 trillion tokens for $20.73 million over the past month, blockchain data shows. The entity originally invested 37.8 ETH in 2020, with holdings once worth $9.1 billion. The strategic sell-off during a market dip highlights shifting whale behavior.
Read MoreFranklin Templeton has completed its acquisition of crypto asset manager 250 Digital and launched a dedicated division, Franklin Crypto. This move solidifies its institutional push into digital assets, offering active investment strategies and an institutional-grade platform for clients.
Read MoreSpaceX's stock price continues its sharp decline for a third consecutive session, with losses exceeding 10% in a single day. This article analyzes the key drivers behind the ongoing selloff and examines what the significant volatility signals for the future of the aerospace firm and the broader sector.
Read MoreMultiple major social media platforms experienced service disruptions on June 22. Monitoring data shows users reported widespread access issues on platforms including X and Reddit, with services currently being restored.
Read MoreThe US crypto industry is accelerating efforts to advance the Clarity Act through Congress during the summer recess, backed by millions in political spending. Lobbying focuses on key provisions while facing potential hurdles over sports betting restrictions on prediction markets.
Read MoreSpaceX's stock fell sharply by 8%, closing at $170.245 per share, bringing its total market value to $2.24 trillion. This sudden drop has sparked market attention on the aerospace sector's near-term trajectory.
Read MoreFueled by Bitcoin's over 2% price gain, cryptocurrency-related equities surged across the board. BlackRock's iShares Bitcoin Trust (IBIT) rose 4%, mirroring gains in ProShares' Bitcoin Strategy ETF. Mining stocks led the charge, with MARA Holdings soaring over 10%, and RIOT Platforms and HUT 8 Corp posting significant gains, reflecting a market sentiment shift aligned with Bitcoin's momentum.
Read MoreOn June 22, major US stock indices opened slightly lower. While semiconductor and memory stocks like Micron and Western Digital gained, SpaceX faced pressure following a bond offering announcement, highlighting a divergence within the tech sector.
Read MoreMicron Technology's stock surged over 6% on June 22, closing at $1203.66 per share. Its market capitalization reached $1.36 trillion, marking another record high, driven by strong earnings outlook and recovering industry demand.
Read MoreThe US Treasury issued a 60-day license permitting Iranian crude oil production and sales. This follows Iran's commitment to keep the Strait of Hormuz open and allow IAEA inspections. The move could impact global energy markets and regional security dynamics.
Read MoreReports suggest OpenAI's IPO plans face scrutiny due to a striking financial mismatch: zero debt and low capital expenditures on its balance sheet, while its AI business relies heavily on costly hardware infrastructure, prompting investor concerns over capital efficiency.
Read MoreSharplink, a Nasdaq-listed Ethereum treasury company, has raised approximately $75 million through stock and warrant sales. The funds will support operations, further ETH acquisitions, and a share repurchase program. As of June 16, the company holds 875,776 ETH.
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