SpaceX’s IPO is already spilling into crypto markets, where one whale has opened a $22.3 million leveraged long on SPCX, a synthetic pre-IPO perpetual contract tied to Elon Musk’s aerospace company. Key takeaways: The whale is already sitting on more than $1.15 million in unrealized profit. Synthetic SPCX is trading near $175, roughly 30% above […]
Category: 🪙 CRYPTO
Kraken Named Crypto Exchange Supporter Of FIFA World Cup 2026
TL;DR Kraken says it has become the Official Crypto Exchange Supporter of the FIFA World Cup 2026. The tournament expands to 48 teams and 104 matches across 16 host cities in Canada, Mexico, and the United States. Kraken says the partnership is designed to drive crypto adoption, education, and brand awareness among global football fans. […]
Coinbase Council Warns 7 Million BTC May Face Quantum Risk
TL;DR Coinbase’s Quantum Advisory Council says post-quantum migration planning should begin before quantum attacks become practical. The report estimates about 7 million BTC are quantum-vulnerable because public keys are exposed through legacy formats or address reuse. About 1.7 million BTC are said to sit in legacy Pay-to-Public-Key addresses, including early mined and potentially abandoned coins. […]
Kraken Adds USDCx Support On Canton Network
TL;DR Kraken says it now supports USDCx deposits and withdrawals on the Canton Network. USDCx is described as a Canton-native stablecoin backed 1:1 by USDC locked in Circle’s xReserve on Ethereum. Canton is a permissioned, privacy-enabled Layer-1 network built for regulated financial institutions and tokenized real-world assets. The move adds another exchange connection to institutional […]
Bitcoin hit bottom at $59,000 marking end to the crypto winter, says Standard Chartered analyst
The cryptocurrency market reached its definitive bottom for the currency cycle, Standard Chartered Analyst Geoffrey Kendrick said in a note on Friday. The cycle low is now locked in at $59,000 for bitcoin, a 53% drop from its Oct. 6 all-time high of $126,000, according to Kendrick. “Winter is over. Welcome back to crypto Spring, […]
Bitcoin Miners Reveal New ‘Long-Term Buying Opportunities’ at $61,000
Bitcoin (BTC) miners are back under pressure as data hints that a new buying opportunity is now here. Key points: Bitcoin miners are in the “capitulation” phase of the current bear market, data suggests. A trader argues that there is no “clearer sign” to add BTC exposure as a result. Bitcoin miners are now operating […]