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SpaceX’s $780 million bitcoin stack now down to about $545 million ahead of IPO filing

SpaceX's bitcoin holdings, initially valued at $780 million, have decreased to approximately $545 million as the company prepares for its IPO filing. The decline in value reflects the broader downturn in the cryptocurrency market. Despite this drop, SpaceX continues to hold a significant amount of bitcoin, which has been a part of its financial strategy. The company's upcoming IPO is anticipated to attract considerable attention, especially given its involvement in the cryptocurrency space.

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Bitcoin Recovers Following Plunge as US, Israel Begin Bombing Iran

Bitcoin has shown signs of recovery after a significant drop, coinciding with escalating military actions by the US and Israel against Iran. The cryptocurrency market reacted negatively to geopolitical tensions, leading to a sharp decline in Bitcoin's value. However, recent trading data indicates a rebound, with Bitcoin regaining

Stablecoin yield rewards (likely won't be) banned under OCC proposal: State of Crypto

The Office of the Comptroller of the Currency (OCC) has proposed regulations that would not ban yield rewards on stablecoins, which has been a concern among industry stakeholders. The proposal aims to clarify the regulatory framework for stablecoins, allowing them to offer yield rewards while ensuring consumer protection and financial

The Legal Strategy Behind Crypto Exchange Backpack's Token-to-Equity Program

Crypto exchange Backpack has launched a token-to-equity program aimed at converting users' tokens into equity stakes in the company. This initiative is part of Backpack's strategy to comply with regulatory requirements while enhancing user engagement. The program allows token holders to gain ownership in the platform, potentially

Strategy lifts STRC dividend to 11.5% as MSTR extends monthly losing streak to 8

STRC has increased its dividend to 11.5%, reflecting a strategic decision aimed at enhancing shareholder value. Meanwhile, MSTR has experienced its eighth consecutive month of losses, indicating ongoing challenges for the company. The contrasting performance of STRC and MSTR highlights differing strategies and market responses within the cryptocurrency sector.

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Bitcoin Recovers Following Plunge as US, Israel Begin Bombing Iran

Stablecoin yield rewards (likely won't be) banned under OCC proposal: State of Crypto

The Legal Strategy Behind Crypto Exchange Backpack's Token-to-Equity Program

Strategy lifts STRC dividend to 11.5% as MSTR extends monthly losing streak to 8