Bitget Offers SpaceX Exposure Ahead of Planned $1.75 Trillion IPO

The bitcoin price hit a record high of $112,000 last month, surging 50% from its April low, with support from figures like U.S. president Donald Trump and Tesla's Elon Musk. Analysts predict a significant decline in the U.S. dollar due to various factors, including Federal Reserve actions and rising rival currencies.

US Vice President JD Vance's ownership of bitcoin, valued between $250,000 and $500,000, has drawn support and criticism at the Bitcoin 2025 conference in Las Vegas. Attendees express mixed feelings about the administration's embrace of bitcoin and potential political implications.

WazirX's proposed restructuring plan to repay creditors was declined by the Singapore High Court, delaying expected payouts. The exchange sought protection after a $230 million hack by North Korea's Lazarus Group, with the plan including a decentralized exchange and recovery tokens.

The U.S. government has seized 145 domains and undisclosed amounts of crypto linked to BidenCash, a dark web marketplace accused of selling stolen credit cards and personal data. Prosecutors stated that BidenCash served over 117,000 customers and generated more than $17 million in revenue by facilitating illicit transactions.

The Ethereum Foundation has introduced new treasury policies to reduce annual spending, aiming to invest in DeFi protocols while maintaining Ethereum's principles. The policies include a rule-based approach for converting reserves into cash and selling Ethereum when cash falls below a certain threshold.

Circle's initial public offering was priced at $31 per share, raising $1.1 billion in an upsized deal. The company's valuation stands at $6.9 billion based on outstanding shares, with a fully diluted value of $8.1 billion. BlackRock and ARK Invest are among the interested investors.

California lawmakers passed a bill requiring the state to seize unclaimed customer cryptocurrency holdings from exchanges after three years of inactivity, aiming to regulate digital asset payments and crypto business activities. The bill allows for unclaimed assets to be held by a custodian for customers to reclaim later.

Webus International plans to establish a $300 million XRP treasury, following a trend among public companies to add cryptocurrencies to their balance sheets. The company aims to integrate blockchain for cross-border settlements and enhance transparency in its travel booking services.

A French-Moroccan national, suspected of orchestrating crypto-related kidnappings in France, was arrested in Morocco. The arrest is part of ongoing efforts to combat organized crime across borders, with multiple suspects already in custody for similar crimes in France.

K Wave Media's stock surged 143% after announcing plans to invest a significant portion of its $500 million raise into building a Bitcoin treasury. The company aims to reinvest in Bitcoin, operate Lightning Network nodes, and invest in Bitcoin-native infrastructure.