SpaceX Bitcoin holdings stand at $637m, on-chain data shows, making it the fourth largest known corporate holder.
Citi warned Monday that Bitcoin faces an outsized quantum computing threat, with up to 6.9 million BTC already vulnerable.
Both Bitcoin and Ethereum face a quantum computing threat, but Citi says the gap between them comes down to governance, not just technology.
Over a billion dollars gone. Crypto investment funds shed $1.07 billion in a single week as a dangerous mix of geopolitical tension and rising U.S. inflation pushed investors toward the exits fast.
Nasdaq-listed Bitcoin Depot, a crypto ATM operator previously known for running one of the largest Bitcoin ATM networks in North America, has filed for Chapter 11 bankruptcy protection and is shutting down operations. The Atlanta-based company filed voluntarily in the U.S. Bankruptcy Court for the Southern District of Texas on Monday. The filing stated that the company plans to wind down operations and sell its assets through a court-supervised process.
Bitcoin declined close to $77,000 as investors reacted to increasing pressure across global financial markets. The decline came as concerns grew around higher inflation, rising bond yields, uncertainty surrounding U.S. interest rate cuts, and renewed geopolitical tensions in the Middle East. Market participants monitored several macroeconomic developments that contributed to increased volatility across both traditional financial markets and cryptocurrencies. One of the major concerns was the continued rise in U.S. Treasury yields. Long-term government bond yields climbed to multi-year highs, increasing borrowing costs across the economy.
US investment bank Goldman Sachs sharply reduced its exposure to cryptocurrency exchange-traded funds during the first quarter of 2026, according to its latest Form 13F filing with the US Securities and Exchange Commission. The filing showed that Goldman Sachs no longer held any XRP-linked ETFs. In its Q4 2025 filing, the bank had reported nearly $154 million in XRP-related ETF holdings across products from Bitwise, Franklin Templeton, Grayscale, and 21Shares.
Bitcoin (BTC) climbed back near $77,000 late on May 18 after President Donald Trump said he had halted a scheduled US military strike on Iran at the request of Saudi Arabia, Qatar, and the United Arab Emirates.
Bitcoin price breaking below $78,000 turned one of crypto's strongest regulatory weeks into a severe test of market structure, exposing how quickly macroeconomic pressure and crowded positioning can overpower a favorable policy catalyst.
Arkham data showed SpaceX holding more than $637 million in Bitcoin as the company eyes a possible Nasdaq debut as early as June 12. The listing could target about $75 billion at a valuation near $1.75 trillion, making it the biggest stock market flotation ever.