On August 6, 911.5 million SpaceX shares held by employees and early investors become eligible for sale, significantly increasing the available stock supply beyond the initial small public float. This event provides liquidity for long-term holders but may pressure the stock, which has already dropped 43% from its peak. A large short interest signals market anticipation of selling pressure, though a potential short squeeze could occur if insider selling is lighter than expected. Investors will watch trading volume and the $135 IPO price closely as more shares become tradable in the coming months, revealing more about SpaceX's true market valuation.
Crude oil prices surged to their highest in six weeks due to renewed US-Iran conflicts and attacks on Saudi Aramco facilities, raising concerns over Middle East energy supplies. Brent crude reached $97.73 per barrel, and US West Texas Intermediate hi...
The Invesco QQQ Trust ETF charged a steady 0.20% fee for years due to its unit investment trust structure, even as cheaper rivals emerged. This fee only decreased after shareholders approved a reclassification to an open-end fund structure at the end...
The Ethereum Foundation has published ratings for 62 Ethereum Improvement Proposals (EIPs) ahead of the planned Hegotá network upgrade, based on 397 assessments from about 60 protocol experts across nine teams. This evaluation helps prioritize which ...
Malone Lam, a 22-year-old Singaporean, is set for a plea hearing in Washington D.C. over a $245 million Bitcoin theft from August 2024, the largest crypto-asset theft against a single victim in US history. Prosecutors accuse Lam and 17 others of cons...
Ethereum surged 41% in August, rising from $1,820 to $2,567, supported by $1.736 billion inflows into spot ETFs. Recently, ETH has traded in a range near $2,380-$2,530, close to a key April resistance at $2,466, signaling possible distribution. Howev...
