Author: John Smith

SpaceX stock has fallen nearly 5% to a post-IPO low of $125 after the company aborted Starship’s 13th test flight shortly before liftoff. Summary SpaceX stock fell nearly 5% to $125, slipping below its $135 IPO price. SpaceX aborted the Starship launch after two Super Heavy booster engines failed to ignite. Elon Musk confirmed engine replacements ahead of another launch attempt scheduled for July 20. SPCX has slipped below its $135 initial public offering price and lost about 35% over the past 30 days. The decline extends a losing streak that began after enthusiasm surrounding SpaceX’s public debut cooled and…

Dogecoin price has fallen 3.17% to $0.071 on July 17 as its exchange-traded funds completed one month without recording fresh inflows. Summary Dogecoin price fell 3.17% to $0.071 as its ETFs completed one month without fresh inflows. T. Rowe Price allocated 1.28% of its new active crypto ETF to DOGE. A break below $0.0711 could expose Dogecoin to declines toward $0.070 and $0.068. SoSoValue data shows that U.S. Dogecoin ETFs attracted no new capital between June 17 and July 17, despite the meme coin gaining additional exposure through T. Rowe Price’s newly launched active crypto fund. The products also posted…

SBI Holdings has acquired a majority stake in Coinhako after securing regulatory approval for the Singapore crypto exchange deal on July 16. Summary SBI Holdings acquired a majority stake in Coinhako after receiving approval from Singapore’s financial regulator. Coinhako gives SBI a licensed base for expanding digital asset services across Southeast Asia. The deal complements SBI’s JPYSC stablecoin, Ondo partnership, and Solana-based JX equity token According to SBI Holdings, the transaction involved a capital injection through SBI Ventures Asset Pte. Ltd. and the purchase of shares from Coinhako’s existing investors. Coinhako will now operate as a consolidated subsidiary of the…

Solana price has fallen nearly 4% to about $74 after a rejection near $77, as a global technology sell-off and leveraged long liquidations have pushed traders toward caution. Summary Solana price tests $74 support after losing its rising trendline and facing weak four-hour momentum. A recovery above $76.50 could trigger short liquidations and drive SOL toward $78–$80. Losing $74 would expose the daily Supertrend support at $69.60 and deepen downside risks. According to data from crypto.news, Solana (SOL) price extended its decline on July 17 after failing to hold above the $76.50–$77 resistance area. Selling accelerated as semiconductor shares led…

He built the app that made stock trading free, sat at the center of the GameStop crisis, launched a blockchain, dismissed memecoins, embraced one six days later, and runs an AI company chasing mathematical superintelligence on the side. Summary Vlad Tenev is co-founder and CEO of Robinhood Markets, the brokerage that popularized commission-free trading and now runs its own blockchain, roughly 28 million customers across 38 countries. He co-founded the company with Baiju Bhatt. Before it was Robinhood, they called it CashCat, a discarded name that a memecoin resurrected in 2026. Robinhood was at the center of the 2021 GameStop…

Taiwan has sentenced the alleged mastermind behind the BitShine crypto exchange to 22 years in prison after finding he led a fraud and money laundering operation that prosecutors said caused more than NT$1.27 billion ($39 million) in losses to over 1,500 victims. Summary A Taiwan court has sentenced the BitShine crypto exchange ringleader to 22 years in prison over a NT$1.27 billion fraud and money laundering scheme. Prosecutors said more than 1,500 victims were defrauded after funds were converted into USDT and moved overseas through the exchange. The ruling comes after Taiwan approved a new licensing framework that strengthens oversight…

Dutch cryptocurrency platform Knaken has been declared bankrupt by a Rotterdam court after prosecutors alleged that around €7 million in customer funds could not be accounted for.  Summary Crypto exchange Knaken was declared bankrupt after prosecutors alleged €7 million in customer funds disappeared. A Rotterdam court said Knaken lacked enough assets to repay customers fully after operations stopped. Knaken’s collapse follows MiCA enforcement, which now bars unlicensed crypto firms from serving EU customers. The ruling followed a bankruptcy request filed by the Netherlands Public Prosecution Service in late June after regulators raised concerns about the company. According to NL Times,…

Bybit has launched a locally operated cryptocurrency platform in Indonesia following its majority acquisition of PT Enkripsi Teknologi Handal, formerly known as NOBI.  Summary Bybit launches Indonesia platform after acquiring NOBI, entering a regulated market with 21.07 million accounts. Bybit Indonesia will roll out more than 500 trading pairs while keeping local management leadership. OJK licensed 31 crypto entities by March, as Indonesia tightened oversight across its digital market. The company said the deal establishes Bybit Indonesia as a local entity operating under the supervision of the Financial Services Authority, or OJK. The exchange plans to introduce its services in…

Trump Media & Technology Group has unveiled a paid data service that will deliver real-time posts from Truth Social’s highest-ranking accounts to financial firms and news organizations. Summary Trump Media will sell real-time Truth Social posts through a licensed API for financial firms. President Trump’s 12.9 million-follower account gives the paid feed its main market appeal. Ethics experts question whether presidential information should generate revenue for a family-linked company. According to Trump Media, the Truth API will provide licensed access to public posts that may carry time-sensitive political, policy, or market information. The company plans to offer the feed to…

A White House teleprompter operator has been placed on paid leave after allegedly earning more than $90,000 from Kalshi bets tied to words President Donald Trump would use in his speeches. Summary The CFTC is investigating Gabriel Perez over more than $90,000 in reported Kalshi profits. Kalshi froze most of the gains after flagging bets tied to Trump’s speeches as suspicious. The case comes as Trump Media begins selling real-time Truth Social data to financial firms. According to an ABC News report, the Commodity Futures Trading Commission is investigating Gabriel Perez over trades placed in Kalshi’s “mentions” markets, where users…