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Former U.S. congressman George Santos publicly promised he would attend President Trump’s State of the Union address in February, then quietly bet on Kalshi that he would not, according to people familiar with his trades. The prediction market froze his account and referred the case to two federal regulators, both of whom have opened insider-trading […]

SpaceX's IPO could reshape market dynamics, influencing tech valuations and investor strategies with its unprecedented scale and AI integration.
The post SpaceX sets IPO price at $135 per share, targeting $75B raise and record $1.77T valuation appeared first on Crypto Briefing.

The massive selloff highlights the precarious expectations in the AI semiconductor sector, signaling potential volatility for tech investors.
The post Broadcom loses over $250B in market value after revenue forecast disappoints Wall Street appeared first on Crypto Briefing.

Evernorth says daily activity on the XRP Ledger has climbed to nearly 3 million transactions, up from about 1 million in mid-2025, and the firm is now pointing to banks and other financial companies as the next source of demand. Real Banks Are Moving In According to the XRP-focused treasury company, some of the busiest names on the network over the past year include Bitstamp, Ripple’s RLUSD stablecoin, and Braza Bank. The firm says that kind of traffic shows more than trader interest, with real financial activity taking place on the ledger. Related Reading: XRP Dips In The Short Run, But A Bigger Setup May Be Forming: Analyst Asheesh Birla, Evernorth’s chief executive, has argued that XRP’s long-term value will come from banks and businesses using it as working capit...

Elon Musk and SpaceX filed on Wednesday, June 3, for what would be the largest IPO in history. And, crypto holders have reasons to pay attention. A Record That Rewrites the Record Books SpaceX confirmed it will offer 555.5 million shares at $135 each, targeting a raise of $75 billion and a valuation of $1.765
The post SpaceX Wants $75 Billion for IPO — Analysts Warn It’s Worth Half the Valuation appeared first on BeInCrypto.

Cboe's record options volume highlights a shift towards 24/7 trading and increased use of derivatives, impacting market dynamics and revenue.
The post Cboe sets monthly ADV record of 22M options contracts in May 2026 appeared first on Crypto Briefing.

Benchmark's shift to larger funds and growth-stage focus may reshape venture capital dynamics, attracting diverse investors and altering risk profiles.
The post Benchmark raises two new funds totaling $2 billion, shifts focus to mature startups appeared first on Crypto Briefing.

Economist and macro trader Alex Krüger has argued that “crypto” has largely failed as an asset class, even as blockchain-based adoption accelerates across stablecoins, tokenization, prediction markets, perps, AI and privacy-focused assets. In a post on X, Krüger drew a sharp distinction between the speculative crypto market of recent cycles and the parts of the industry he believes are still showing meaningful traction. His central claim was blunt: most crypto tokens have failed to produce durable value for holders, while founders and insiders have repeatedly used the sector’s weak guardrails to extract liquidity from retail investors. “I largely think of ‘crypto’ as a failed asset class at this point,” Krüger wrote. “I’ve written about the causes multiple times. Mai...

The Bitcoin flash crash highlights the volatility and risks in leveraged crypto trading, potentially impacting investor confidence and market stability.
The post Bitcoin flash crash below $62K wipes out $1.8B in leveraged bets appeared first on Crypto Briefing.

Uber is cutting 23% of jobs in its People and Places division. The unit covers human resources, recruitment, workplace facilities, and culture under the newly promoted president, Jill Hazelbaker. The reductions impact fewer than 1% of Uber’s 34,000 global employees, though many of the affected roles are senior. A company spokesperson said the move is
The post Uber Cuts 23% of People Team While Distancing Move From AI appeared first on BeInCrypto.