SpaceX reported second-quarter revenue of $7.8 billion, surpassing Wall Street's $6.9 billion forecast. Despite this, the company posted a net loss of $541 million, an improvement from a $1 billion loss the previous year. Adjusted EBITDA nearly tripled to $3.5 billion, driven by growth in launch services, Starlink, and AI businesses. The company’s bitcoin holdings dropped in value to $1.10 billion from $1.64 billion due to a 33% bitcoin price decline. This earnings report comes shortly after SpaceX's record $86 billion IPO and ahead of a major insider share sale scheduled for August 6, which could increase the stock's public float.
Most major cryptocurrencies saw price declines, including Bitcoin down 0.46% to $78,109 and Ethereum down 0.97% to $2,459. Significant drops occurred in Binance Coin (BNB) by 4.18%, Chainlink (LINK) by 6%, and Polkadot (DOT) by 10.51%. Some coins lik...
U.S. mortgage rates have climbed close to 7%, driven by rising Treasury yields amid inflation concerns and strong economic data. The 30-year fixed mortgage rate reached 6.85%, the highest since June 2025, influenced by a 10-year Treasury yield nearin...
Bitcoin's price dropped about 4.6% from its September 3 peak of $82,283 to trade near $78,500 on September 9, pressured by weakening momentum and a possible bearish head-and-shoulders pattern. The cryptocurrency faces key support around $78,000–$79,0...
On September 8, XRP ETFs recorded $1.55 million in net inflows, standing out as the only crypto ETFs to attract new capital while Bitcoin, Ethereum, Solana, and Hyperliquid ETFs experienced outflows. Despite this daily lead, XRP's inflows are modest ...
XRP exchange-traded funds (ETFs) attracted $1.55 million in net inflows on September 8, contrasting with outflows from Bitcoin, Ethereum, and Solana ETFs. Bitcoin ETFs experienced the largest withdrawals at about $46.65 million, followed by Ethereum ...
