Investor Jim Chanos challenged comparisons of SpaceX's IPO valuation to early tech giants like Amazon, Google, and Meta, noting SpaceX's valuation far exceeds those early multiples. Amazon went public at 3x revenues, Google at 7x, and Meta at 20x, while SpaceX's valuation is much higher. Concerns remain about SpaceX's high valuation and potential risks, especially with Elon Musk's control and plans to divert profits to Mars projects. Despite a major AI deal with Google, SpaceX's AI division posted a $2.5 billion loss last quarter, highlighting investor caution ahead of the IPO.
Hyperliquid has launched its AQAv2 framework, directing yield from USDC reserves to buy back and permanently burn HYPE tokens. Circle manages the technical deployment of USDC, while Coinbase oversees treasury reserves. Reserve income accrues over 30-...
XRP fell 5.36% to around $1.44 after a strong rally that saw it gain over 50% in a week, reaching an intraday high of $1.69. Despite the pullback, it remains up 43.7% for the week, supported by a broader crypto market recovery. Leverage on Binance hi...
Ripple's XRP has surged 46.52% in the past 7 days, making it the best-performing altcoin among the top 10 cryptocurrencies. This price rally is supported by a massive 654.71% increase in active network addresses, indicating heightened participation a...
Doubleview Gold Corp. has appointed Edward Huebert as Vice President, Permitting, Regulatory & Indigenous Relations to lead the permitting and regulatory compliance for its Hat polymetallic project in British Columbia. Huebert brings extensive experi...
A recent SEC filing for the Cryptex Digital Market Cap ETF reveals that Ripple might increase the amount of XRP released from escrow if the U.S. CLARITY Act is passed. The ETF document suggests Ripple could use additional XRP to support liquidity for...
