Bitget Offers SpaceX Exposure Ahead of Planned $1.75 Trillion IPO

SharpLink Gaming acquired $462 million worth of Ethereum, making it the largest public firm holder. The company purchased 176,000 ETH at an average price of $2,600 per coin, with most holdings deployed in staking solutions for yield generation.

U.S.-listed Bitcoin miners had a successful first quarter in 2025, with record revenue and profits. MARA Holdings led in Bitcoin mining, while IREN earned the most gross profit with the lowest cash cost per coin. The companies spent $1.8 billion on power, and JP Morgan has positive ratings for CleanSpark, IREN, and Riot Platforms.

Israeli airstrikes on Iranian nuclear facilities caused global market instability, prompting investors to seek safety in gold while Bitcoin prices fell. Altcoins like Ethereum, XRP, and Solana faced over $1 billion in liquidations as traditional safe havens attracted flight-to-safety flows.

BlackRock COO Rob Goldstein highlighted the firm's interest in crypto since 2017, emphasizing the potential of stablecoins and the need for innovative financial solutions. He mentioned IBIT as a successful bridge strategy for bitcoin exposure, underscoring the early stages of the crypto game.

The Fed faces pressure to cut interest rates, but with a 97% implied probability to pause, they are likely to wait for more economic data before making a decision. Concerns about tariffs impacting inflation further complicate the situation.

Over a dozen Gensler-era crypto rule proposals were withdrawn by the SEC, including the qualified custody rule that could have limited institutional access to crypto. Critics raised concerns about the potential impact on developers, DeFi, and crypto chat groups.

Walmart and Amazon are considering issuing their own US dollar-backed stablecoins, potentially diverting billions in cash flow from banking partners, according to a report in the Wall Street Journal. The move comes as regulatory clarity in the US improves, with Shopify already planning to integrate USDC payments.

A Chinese fugitive, Tianwei, was arrested at Don Mueang Airport while trying to flee to Singapore, ending a manhunt linked to millions in stolen Bitcoin. The arrest followed a month-long search initiated after two victims reported losing $6.15 million in Bitcoin to Tianwei.

Coinbase has introduced its first branded credit card, offering up to 4% Bitcoin back on purchases exclusively to U.S.-based Coinbase One customers. The subscription service includes zero trading fees and enhanced staking rewards, with plans to potentially expand rewards to other cryptocurrencies in the future.

Mattel has partnered with OpenAI to create AI-powered products, marking OpenAI's move into consumer entertainment. Safety, privacy, and age-appropriate design are key to the collaboration, with the first product expected later this year.