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Showing posts with the label financial news

Coinbase Stock Rally: Loans, UBI & SEC Clarity

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Coinbase stock rally has been gaining significant traction right now, with shares actually jumping 7.45% to reach $371.97 as the cryptocurrency exchange is benefiting from a combination of bitcoin-backed loans, a USDC UBI pilot program, and also some emerging crypto regulatory clarity around stablecoin legislation. These three catalysts converging at once are reshaping how investors view the company’s future. Coinbase Stock Rally Fueled by Bitcoin Loans, UBI Pilot & Regulation Source: TipRanks Bitcoin Lending Creates New Revenue The current coinbase stock mania is fuelled by several initiatives that are being launched simultaneously. The bitcoin-backed loans feature of the company now allows users to take a loan of up to $1 million by pledging their Bitcoin collections as security to the loan, which provides the company with a new source of income through lending. Crypto holders in need of liquidity use this service without selling assets or triggering taxes. Coinbase NASDAQ stock...

SpaceX Moves $153 Million in Bitcoin After Three-Year Silence

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SpaceX has reignited interest in the cryptocurrency market by moving a substantial amount of Bitcoin worth approximately $153 million. The transfer marks the company’s first publicly known movement of its Bitcoin holdings since its initial purchase over three years ago, ending a prolonged period of silence on the matter. BREAKING: SPACEX JUST MOVED BITCOIN FOR THE FIRST TIME IN 3 YEARS They sent 1.3K BTC ($153M) to a fresh address this morning. Cycling custody wallets or moving to sell? pic.twitter.com/bFkhkjYdho — Arkham (@arkham) July 22, 2025 SpaceX’s Bitcoin Activity Resurfaces After acquiring Bitcoin in early 2021, SpaceX’s cryptocurrency holdings appeared dormant until the recent significant transaction. The movement of roughly 3,000 Bitcoins from SpaceX’s wallets was observed on the blockchain, signalling renewed activity by the aerospace giant in the digital asset realm. This transfer represents one of the largest single Bitcoin movements attribute...

Cryptocurrency market wipes out over $150 billion in a day

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The cryptocurrency market has taken a sharp hit, shedding over $150 billion in value, with major assets like Bitcoin (BTC) leading the downturn. As of press time, the total market capitalization stood at $3.23 trillion, down from $3.39 trillion just 24 hours earlier, reflecting a $160 billion loss.  Total cryptocurrency market cap 30-day chart. Source: CoinMarketCap The drop appears to be driven by escalating geopolitical tensions in the Middle East, which have rattled global markets. At the center of the sell-off, Bitcoin fell below the crucial $104,000 level. At the time of reporting, it was trading at $103,895, down nearly 4% on the day and 2% over the past week. Bitcoin seven-day price chart. Source: Finbold Just days earlier, Bitcoin had been pushing to reclaim the $105,000 resistance zone, a key level that could have paved the way toward a new all-time high above $110,000.  However, a wave of profit-taking appears to have added downward p...