SPCXB Falls Nearly 7% on First Day in Nasdaq-100

The post SpaceX Moves Bitcoin After Six Months but 18,712 BTC Stash Stays Intact appeared on BitcoinEthereumNews.com. Bitcoin News SpaceX has moved Bitcoin for the first time in six months, on-chain data shows, reviving speculation that Elon Musk’s rocket company may be preparing to sell — though no disposal has been confirmed. Blockchain trackers flagged an $88 test transfer between wallets controlled by the firm, the first outbound Bitcoin activity from its addresses since early this year. Despite the renewed attention, SpaceX’s reported holdings remain unchanged at 18,712 BTC. The small transaction alone does not signal a sale, but it drew immediate market scrutiny given the company’s history of preceding larger wallet reshuffles with modest test sends. The nervousness stems from SpaceX’s track record of large custodial moves. In October 2025, the company relocated 2,495 BTC — worth roughly $257 million at the time — to two newly created wallets after months of dormancy. Earlier, in

The post SpaceX Stock Falls 35% From Peak Even After Nasdaq-100 Inclusion appeared on BitcoinEthereumNews.com. SpaceX (SPCX) shares have fallen as much as 35% from their post-IPO peak of $225.64. The drop came just days after the company joined the Nasdaq-100, as heavy selling offset forced index buying. The stock closed at $148 on July 8, below its $150 debut price for a second straight session. That erased nearly all the gains SpaceX made since its record June 12 listing. A Sell-The-News Pattern for SPCX SpaceX’s Nasdaq-100 inclusion required index-tracking funds to buy shares, even though the company keeps a small public float. That mechanical demand did not stop investors from selling into the news. For a second day running, SPCX has traded under its opening IPO price. Image Source: Trading View This is a familiar pattern, as Palantir saw the same thing happen after it joined the Nasdaq-100 in late 2024. Its shares dropped about 25% over the following weeks. A Trillion-Dollar Valua

The launch of Musk-free ETFs highlights growing investor demand for reduced volatility and governance concerns in major index funds. The post Subversive files ‘Elon-free’ S&P 500 and Nasdaq-100 ETFs, launching September 2026 appeared first on Crypto Briefing.

The post Palantir (PLTR) Stock Tumbles 5% Amid Political Scrutiny Over Government Contracts Worth $2.2B appeared on BitcoinEthereumNews.com. Key Takeaways Shares of Palantir closed approximately 4.8% lower at $127.88 on Wednesday, halting a seven-session rally that had driven the stock up 25%. Concerns emerged following a Financial Times article discussing potential political opposition to Palantir’s government work from Democratic legislators. Federal contract revenues reached approximately $2.2 billion in the twelve months since Trump’s presidential return, marking a 65% annual increase. The stock continues to trade beneath both its 100-day and 200-day moving averages, maintaining a Death Cross pattern established in February. Wall Street maintains a Buy consensus rating with a $174.10 average price target; the company’s next earnings release is projected for August 3. Palantir Technologies (PLTR) experienced a significant decline Wednesday, ending a seven-session upward momentum. Sh

The post SpaceX (SPCX) Stock Climbs as SpaceXAI-Cursor Joint AI Model Launch Approaches appeared on BitcoinEthereumNews.com. Key Highlights SpaceXAI and Cursor are set to unveil their first collaborative AI model, potentially as early as Wednesday, according to The Information The release was postponed earlier in the week to enhance performance and efficiency The new model aims to rival OpenAI’s GPT-5.5 and Anthropic’s Opus 4.8 This development precedes SpaceX’s proposed $60 billion all-stock purchase of Anysphere, Cursor’s parent company SpaceX (SPCX) became part of the Nasdaq-100 on Tuesday, marking a swift rise following its June 12 public offering, with shares trading near $151 SpaceXAI and Cursor are on the verge of unveiling their first collaborative artificial intelligence model, with the rollout potentially happening as early as Wednesday, based on reporting from The Information that referenced an internal company memo. JUST IN: SpaceXAI plans to launch its first model with Cur

The post Circle faces July 18 GENIUS Act test as CRCL stock risks fresh slide appeared on BitcoinEthereumNews.com. Circle stock has remained under pressure ahead of the July 18 deadline for U.S. regulators to publish implementation rules for the GENIUS Act, while technical indicators continue to point to downside risks for CRCL shares. Summary U.S. regulators must publish GENIUS Act implementation rules by July 18, putting Circle and stablecoin issuers in focus. CRCL stock remains under bearish pressure, with charts showing key support near $61.70 and downside risk toward $49. Coinbase shares have also weakened below $160 as investors await regulatory clarity and monitor key technical levels. According to the GENIUS Act signed by President Donald Trump on July 18, 2025, federal agencies were given one year to prepare the regulatory framework governing stablecoin issuance, licensing, reserve management, and supervision. That transition period expires on July 18, 2026, leaving the Federa

Circle stock has remained under pressure ahead of the July 18 deadline for U.S. regulators to publish implementation rules for the GENIUS Act, while technical indicators continue to point to downside risks for CRCL shares. According to the GENIUS Act…

A SpaceX-Tesla merger could revolutionize industries but faces regulatory challenges, impacting market dynamics and investor strategies. The post JPMorgan sees SpaceX-Tesla merger as strategically coherent despite hurdles appeared first on Crypto Briefing.