Elon Musk Says Bloomberg SpaceX IPO Valuation Report Is False

The post Fed’s Powell says credibility lost if President can fire officials appeared on BitcoinEthereumNews.com. Former Federal Reserve (Fed) Chair Jerome Powell said the US central bank would damage public trust that’s required to support a strong and stable economy if any president were free to dismiss Fed officials over policy disagreements, Bloomberg reported on Monday. Powell’s remarks came as the US highest court is deliberating the fate of Fed Governor Lisa Cook, whom US President Donald Trump has sought to fire over unproven mortgage fraud allegations. Cook has denied the charge. Key quotes If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well. The Fed’s credibility would be lost. Our credibility has been built and sustained over many decades, and we have a duty to safeguard that priceless asset for our fellow citizens and for generations to come. Market reaction  At the time of writing, the US Dollar I

The post SpaceX Says It’s Sparking One Of Galaxy’s Most Advanced Civilizations appeared on BitcoinEthereumNews.com. One of the most fantastical claims SpaceX is making during the countdown toward a share offering is that it is helping create one of the most advanced civilizations across the Milky Way. (Image by: QAI Publishing/Universal Images Group via Getty Images) Universal Images Group via Getty Images One of the most fantastical claims SpaceX is making during the countdown toward an initial public offering of shares is that it is helping create one of the most advanced civilizations across the Milky Way. Because that extraordinary claim is woven into SpaceX’s IPO application to the U.S. Securities and Exchange Commission, says a leading space sector scholar, there’s a remote chance that SEC regulators could investigate that section of the filing. Elon Musk, founder of what has become the world’s first independent space superpower, lofted that claim for the first time in a signed m

The post Michael Saylor’s Post Fuels New Bitcoin Purchase Speculation for MicroStrategy appeared on BitcoinEthereumNews.com. Michael Saylor, founder and executive chairman of Strategy, posted “Working ₿etter” on X on May 31, drawing immediate speculation from traders and market watchers about another Bitcoin (BTC) acquisition. The message echoes a familiar pattern that market watchers have learned to follow. Strategy has historically disclosed new Bitcoin purchases within days of similar posts, turning each update from Saylor’s account into a closely followed signal for a potential 8-K filing. Longest Purchase Pause in Recent Months Strategy has not added to its holdings since May 18, the longest gap in its recent weekly buying run. The company holds 843,738 Bitcoin as of May 31, per StrategyTracker data. The reserve value stands at approximately $62.24 billion, with an average acquisition cost of $75,701 per coin. Working ₿etter. pic.twitter.com/VZJRdJKsEC — Michael Saylor (@saylor) M

The post This Week in Crypto: MicroStrategy’s Bitcoin Fears Fade, $500M Claude Bill, Thiel Stock Halves appeared on BitcoinEthereumNews.com. Crypto and its neighboring markets spent the week separating conviction from hype. Bitcoin (BTC) shook off sell-off fears and pushed its long-term floor higher, even as a $500 million AI bill and a 50% stock crash showed how fast unbacked bets unravel. That split ran through the week’s biggest names. SpaceX banked a $2.29 billion defense win, and Bitcoin holders bought weakness, while a runaway AI tab and a Las Vegas sports flop supplied the cautionary half. MicroStrategy Reversal Cools Bitcoin Sell-Off Fears Bitcoin trades near $73,600 after a week that tested nerves more than support. MicroStrategy, the largest corporate holder, withdrew 411.5 BTC worth about $30 million from Coinbase Prime hours after depositing it. Did Michael Saylor’s @Strategy cancel its $BTC sale? Strategy withdrew 411.5 $BTC($30.2M) back from #CoinbasePrime 5 hours ago.htt

The post Strategy STRC Pays Farmer’s Father 11.5% Yield, Critics Call It a Bitcoin Bait and Switch appeared on BitcoinEthereumNews.com. Key Takeaways A farmer’s son shared how his dad earns an 11.5% annualized yield through Strategy’s STRC preferred stock tied to 843,738 BTC. Critics like Glenn Cameron warn STRC trades Bitcoin sovereignty for counterparty risk to a sub-investment grade company. Strategy holds a June 8 vote on more frequent dividends, while a 411 BTC Coinbase Prime transfer sparked brief sell fears. Dad Earns 11.5% on Strategy STRC Shares The post spread quickly across crypto social media this weekend. The son described calling his father after the man noticed the new shares in his brokerage account. His father’s reaction was simple and direct. “I’ve never been paid this kind of money just for someone else to hold my money,” the father said. “I mean, someone is always holding it, the bank, the man in the moon, the cow next door, whatever. But nothing like 11 or 12%!” Th

A farmer’s son posted online that his father received 0.96% more Strategy STRC shares in a single day, and X posts like it, even the skeptical ones, have ignited a debate that cuts to the core of what bitcoin is meant to be. Dad Earns 11.5% on Strategy STRC Shares The post spread quickly across […]

The post X Debunks Popular Engagement Myth on Pope Leo’s Tweet appeared on BitcoinEthereumNews.com. X Head of Product Nikita Bier debunked a persistent social media myth on May 31, directly telling the Vatican’s account that embedding a link in an X post does not reduce its reach. The exchange followed @Pontifex, the Vatican’s official account, which posted an excerpt from Pope Leo XIV’s encyclical Magnifica Humanitas, with a link to the full text on vatican.va. A user replied, advising the Pope to append the URL in a threaded reply for better algorithmic performance. X Head of Product Steps In Bier entered the thread with a single-line response addressed to the head of the Catholic Church: “Hey Pope, this isn’t true. Links will not deboost your post.” As Head of Product, Bier thus oversees X’s ranking and recommendation architecture. His correction, therefore, carries as much official weight as any public statement on the subject can carry. The belief that linking to off-platform dest

The post Arthur Hayes Expects Hyperliquid To Flip Solana In Current Bull Run appeared on BitcoinEthereumNews.com. BitMEX co-founder Arthur Hayes remains bullish on the future of Hyperliquid (HYPE). He even believes that the token may flip Solana (SOL) in market capitalization until the end of the current crypto bull cycle. Arthur Hayes Shares New Hyperliquid Prediction Hayes responded to rising fears of a long-term downturn in the market in a post on X. He shared an image of the crypto rankings and wrote: “Are we dreaming big enough? Looking at this list of mostly dogshit coins, I think $HYPE should at a minimum overtake $SOL before this bull run is over.” The call is interesting due to the amount of catch-up that Hyperliquid would have to make. Arthur Hayes shared the market capitalization of the respective top cryptocurrencies. In his snapshot, Solana holds a cap of around $47.73 billion and Hyperliquid boasts a valuation of $15.04 billion. Top crypto assets list. Source: Arthur Haye