Tesla plans to spend $25 billion on AI and robotics in 2026, far exceeding its quarterly free cash flow of $1.4 billion, risking negative cash flow later this year. Despite Bitcoin's price dip, Tesla held steady on its 11,509 BTC stash worth about $786 million, which acts as a financial buffer amid heavy spending. Investors are watching Tesla's cash flow closely, as any need to sell Bitcoin could impact the market. Tesla's focus remains solely on Bitcoin, with no other cryptocurrencies involved in its treasury strategy.
PayPal's board has reportedly rejected an offer valuing the company at $60.50 per share, considering it inadequate. This comes as PayPal's stock currently trades at around $56 per share. The board's stance suggests they believe the company's value is...
South Korea's largest crypto exchange, Upbit, will list two modular DeFi lending tokens, Morpho (MORPHO) and Euler (EUL), in its KRW market on July 25 and 26, 2026. Morpho's price rose 4.8% on the announcement, reflecting growing investor interest. T...
Morgan Stanley's Bitcoin Trust surpassed $400 million in inflows, signaling strong institutional interest amid $51.83 billion cumulative inflows in U.S. Spot Bitcoin ETFs. However, daily ETF outflows of about $240 million and Bitcoin trading below $6...
Shiba Inu lead ambassador Shytoshi Kusama has been silent on social media platform X for 74 days, a pattern seen before during which he focuses on development projects like an independent AI initiative. His silence has left the SHIB community to rely...
Coinbase is proactively upgrading its security systems to protect Bitcoin and other cryptocurrencies from future quantum computing risks. The company is enhancing its proprietary key management system, PQ-CoreKMS, which currently secures 99.9% of its...
