Crypto News·
Backpack Securities and Sunrise have introduced SPCX, a token tied to underlying SpaceX shares and issued on Solana. The launch creates a blockchain-based version of SpaceX exposure that eligible users can convert into actual shares. The rollout comes as tokenized…
Read full articleElon Musk’s net worth has briefly climbed to nearly $1.4 trillion, surpassing Bitcoin’s market value at the time after SpaceX shares reached an intraday high of about $225.84 on June 16. According to data from Yahoo Finance, SpaceX stock extended…
Coinbase's new feature enhances trading convenience but raises investor risk awareness, highlighting the need for due diligence in token selection. The post Coinbase unveils New Launches tab for instant trading on Base and Solana appeared first on Crypto Briefing.
SpaceX's valuation has increased by $1 trillion since its shares started trading on Friday.
The surge in SpaceX trading and leveraged ETFs highlights increased speculative risk, potentially impacting broader market stability and investor behavior. The post SpaceX trading surges as new ETFs attract massive cash influx appeared first on Crypto Briefing.
When SpaceX on Tuesday officially announced its plan to purchase AI coding startup Cursor for $60 billion in stock, as it had predicted it would do in April, it presented CIOs and developers with a little good news, a little bad news and a massive pile of uncertainty. The details of the proposed acquisition were virtually identical to the terms announced in April, even retaining the $10 billion consolation prize for Cursor should SpaceX back out of the deal. But for CIOs and developers, the increasing probability of the deal happening is forcing them to make long-term decisions without many long-term answers about what is likely to happen to Cursor, which says its coding agents are used by 64% of Fortune 500 companies. But whether the deal is good news for Cursor’s customers, or even those of its rivals, is an open question. Arnal Dayaratna, research VP for software development at IDC, is firmly in the good news camp. He argued that the main element holding back the company, which h
Securitize's STAC fund is expanding to Solana while Ethena evaluates a proposed $250 million allocation for stablecoin backing.
The rapid rise of Cursor's founders to billionaire status highlights the transformative potential of AI-driven innovation in tech startups. The post Cursor founders join billionaire ranks after SpaceX IPO appeared first on Crypto Briefing.
The shift from memecoins to perpetual futures signals a structural change in Solana's economic landscape, impacting network revenues. The post Pump.fun activity drops 80% as traders ditch memecoins for perps, dragging Solana fees down with it appeared first on Crypto Briefing.
