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Elon Musk Grok AI Predicts Incredible Netflix Stock Price by Next 30 Days

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Elon Musk Grok AI Predicts Incredible Netflix Stock Price by Next 30 Days

Elon Musk’s Grok AI looked at Netflix trading at $73.83 and predicts for $85 to $92 price prediction within 30 days. That is a 15% to 25% rally on a stock that just gave back 40% of its value.

The bull case hangs entirely on the July 16 earnings print. Grok argues the ad tier is the engine nobody is pricing correctly. It already reaches over 250M monthly active viewers and is on track to double ad revenue to roughly $3B in 2026.

Paid memberships sit above 325M and keep climbing. The content pipeline stays deep and pricing power has not cracked. Stack those and you get a company whose fundamentals never justified a 40% haircut. Grok AI predicts thesis is simple.

Source: Grok AI Netflix Price Prediction

A clean beat on ad progress plus a confident outlook unwinds oversold conditions fast. Momentum names snap back hard once the fear trade gets a reason to leave.

The bear case is thinner, but it is nothing. Grok flags any softening in subscriber adds or a wobble in margin guidance as the thing that caps upside.

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Competition is real, and it eats at the edges of both numbers. If management sounds even slightly defensive on margins, the rebound thesis dies on the call. Netflix does not need a bad quarter to disappoint here. It just needs to sound uncertain.

Discover: The Best Crypto to Diversify Your Portfolio

Netflix Stock Price Prediction: Why July 16 Is The Only Date On This Chart That Matters

Structure tells you exactly where we are. Netflix topped near $133 in July 2025 and has printed a long, ugly staircase of lower highs since. November broke it.

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March found a floor around $77. May staged a rally to $108 and failed hard, which confirmed the downtrend was still in charge. Now price closed at $73.83, up 0.63%, with the session range between $73.71 and $75.45.

That is a descending channel with the price sitting at the bottom rail. The bounce from $77 in March is the pattern to watch, because we are testing that shelf again from below.

Source: Netflix Price / Tradingview

Support is right here at $73, then $70, then the $68 zone. Resistance stacks at $77, then $80, then $84. RSI reads roughly 36 with the signal line near 40.

The gap is negative but shallow, which means selling pressure is fading rather than accelerating. That is what a base looks like before it decides. Momentum is oversold but has not turned.

Grok AI $85 to $92 predicts the earnings needed to turn. Reclaim $80 on the print, and that target is live. Fail there, and $70 comes first.

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LiquidChain Is Catching the Attention of Netflix holders: ChatGPT AI Predicts It’s the Next 100x

The rotation is already happening. Most people will only see it in hindsight.

Large-cap crypto is not failing. It is capped. Bitcoin, Ethereum, and XRP have been pressing against the same resistance bands for weeks. The macro tailwinds keep getting delayed.

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The institutional inflows keep getting pushed to next quarter. Holding assets where the upside depends on catalysts you cannot control is not a strategy. It is waiting.

A capital that has navigated enough cycles does not wait at resistance. It moves before the destination becomes obvious.

Early-stage infrastructure plays operate on different math entirely. A small enough market cap means a modest rotation produces dramatic price movement. The asymmetry exists because the market has not priced in what is being built yet. That gap between current valuation and what the project is actually worth is where the returns come from.

Multi-chain fragmentation costs DeFi real money every single day. Bitcoin, Ethereum, and Solana run completely isolated liquidity systems with no native way to connect them. Every user moving value between ecosystems absorbs that cost directly in fees, slippage, and failed transactions.

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LiquidChain collapses all 3 networks into a single execution layer. One deployment. Full ecosystem access. No cross-chain tax on every interaction.

The market has not found this yet. That is the entire point.

The presale is at $0.01454 with just over $820,000 raised. Ground floor is not a marketing phrase here. It is a description of where this actually sits in its lifecycle.

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Forex Expo Dubai Adds New Features for Verified Traders and Introducing Brokers

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Crypto Breaking News

Expanding the Expo Experience

As preparations continue for Forex Expo Dubai 2026, the event is expanding its attendee experience while welcoming a growing lineup of exhibitors from across the forex and trading industry.

Confirmed exhibitors include Super Elite sponsors GTCFX, Valetax, Xchief, Funding Pips, and Honor Financial, alongside Elite sponsors EC Markets, TMGM, Metaquotes, JustMarkets, FP Markets, PU Prime, Dprime, Funded Firm, VPFX, Aegeanlabs Software LLC, Eplanet, SGFX, FortressFX, UEXO, Moneta Markets, and CXM.

As the forex and trading landscape evolves, industry events are adapting to changing attendee expectations. Traders, introducing brokers, and business professionals are increasingly seeking practical learning, direct access to industry specialists, and meaningful business engagement. In response, Forex Expo Dubai is introducing dedicated programmes tailored to its key attendee groups.

Personalizing Experiences

Verified traders gain access to dedicated seminar sessions, the Traders Lounge, and Traders Clinic that offers one-on-one guidance from market experts. They can also pre-book meetings ahead of the event and explore exclusive onboarding opportunities from selected exhibitors.

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For Introducing Brokers, the dedicated IB Programme creates opportunities to connect with brokers, compare rebate options, and discuss partnership opportunities through face-to-face meetings. The IB Lounge and dedicated seminar sessions provide additional insights to help IBs strengthen their approach and grow their networks.

Expanding Opportunities for Engagement

Beyond these dedicated programmes, Forex Expo Dubai will feature private meeting zones for one-to-one business discussions, networking lounges, coffee areas, and interactive experiences throughout the two-day event. Additional side events taking place before and after the expo will further extend opportunities for engagement across the trading community.

“We’ve seen a clear shift in what attendees expect from industry events,” said Niyaz Mohammed, Commercial Director at HQMENA. “People still come to discover new products and meet brokers, but they’re also looking for more focused learning and higher-quality business interactions. These new programmes have been introduced to create dedicated environments where traders and introducing brokers can engage in conversations that are directly relevant to their goals.”

With an expanded exhibitor lineup and new attendee-focused initiatives, Forex Expo Dubai 2026 is set to offer a more personalised experience for both trading professionals and businesses, reflecting the changing needs of today’s global trading community.

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About Forex Expo Dubai

Forex Expo Dubai is one of the region’s leading gatherings for the global online trading and fintech industry, bringing together brokerages, fintech innovators, institutional traders, investors, payment solution providers, IBs, affiliates and online trading technology companies under one roof. The expo serves as a platform for industry dialogue, business networking, technology showcases and market-focused conversations shaping the future of modern finance.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Crypto brokerage firm Alpaca raises $135 million for tokenized stock infrastructure

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Crypto brokerage firm Alpaca raises $135 million for tokenized stock infrastructure

Crypto brokerage infrastructure firm Alpaca raised $135 million to expand the rails used by exchanges and tokenization platforms to offer U.S. stocks onchain.

Peak XV led Alpaca’s equity round, with participation from Elefund, BNP Paribas’ Opera Tech Ventures and Unbound, according to an announcement on Thursday. The raise follows a $150 million Series D in January that valued the company at $1.15 billion.

Debt financing, primarily from Kraken parent Payward and BMO, brought the total package to $435 million.

Alpaca clears or custodies roughly 94% of tokenized U.S. equities, including products connected to market leaders Binance, Ondo and Dinari. The company said it has more than $1.5 billion of underlying stocks backing tokenized equities held through its infrastructure.

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The funding underscores a central constraint facing tokenized equities, where putting a stock onchain does not remove the need for a regulated firm to hold the underlying shares, process corporate actions and connect blockchain transactions to traditional markets.

Its Instant Tokenization Network allows market participants to mint and redeem tokenized stocks against underlying shares around the clock. The products often pair blockchain-based stock exposure with stablecoin funding or redemption, connecting equities to crypto’s 24/7 settlement rails.

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Strengthening defenses against AI fraud

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Strengthening defenses against AI fraud

– Kriti Bansal, vice president finance and accounting, AlphaPoint


Ask an Expert

Q. Can advisors work with AI to ensure clients are safe against fraud?

A.Yes, but AI should support advisors and not act as autonomous decision-maker. It can flag unusual wallet behavior, suspicious contracts, phishing patterns and risky approvals before damage happens. The biggest vulnerability today is granting AI agents direct, unmitigated wallet permission and this can turn the agent itself into a massive attack vector for social engineering or bad on-chain data.

Q. What security in real time looks like in the age of AI?

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A. In the age of AI the real time security needs to be predictive and proactive and not reactive. Real-time security means warnings before signing, continuous wallet monitoring, instant alerts on abnormal activity and blocking risky approvals before funds can move.

Q. How can a money manager automate a defense layer that acts as a continuous threat monitor?

A.Money managers must move away from legacy externally owned wallets and transition to programmable smart accounts such as ERC-4337 or EIP-7702. This transition allows one to write automated, programmatic security guardrails directly at the account level. They can use automated monitoring for wallets, approvals, contract risks, transaction patterns and exposure limits, with human escalation for anything unusual.

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XRP whales snap up 70M tokens as exchange reserves hit new low

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XRP 4-hour chart shows price testing a symmetrical triangle breakout.

XRP whales have bought 70 million tokens in one week as the price rebounded above $1.11 and Binance reserves fell to a five-month low.

Summary

  • XRP whales accumulated 70 million tokens as Binance reserves fell to a five-month low.
  • XRP is testing triangle resistance near $1.12 as buying pressure remains positive.
  • Futures open interest reached $2.5 billion, with liquidation clusters surrounding the current price.

Santiment data shared by crypto analyst Ali Martinez on July 16 showed that wallets holding between 1 million and 10 million XRP increased their combined balance to nearly 3.83 billion tokens. The accumulation continued despite volatility linked to the US-Iran conflict.

Whale buying coincided with improving sentiment across the XRP market. In a separate X post, Santiment previously showed 3.02 bullish social media comments for every bearish remark, giving XRP the highest level of fear of missing out among the assets tracked.

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Cooling US inflation has also supported sentiment toward cryptocurrencies. Recent US consumer and producer price data weakened expectations for tighter monetary policy, helping XRP recover from a recent low near $1.05.

Exchange balances have moved in the opposite direction. CryptoQuant data showed that Binance held 2.61 billion XRP, its lowest reserve level since February. Falling exchange reserves can suggest that holders are moving tokens away from platforms, although CryptoQuant’s figure does not reveal whether those funds entered private wallets, custody services, or other venues.

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Binance has also announced an $800,000 XRP airdrop for users holding Ripple USD. Running from July 17 through Aug. 14, the campaign will distribute XRP each Friday to eligible users across Binance Earn, Margin, and Futures as the exchange promotes RLUSD adoption.

XRP tests resistance inside a tightening triangle

As per data from crypto.news, XRP (XRP) traded near $1.11 at the time of writing after gaining more than 5% from its recent low, while its 24-hour range extended as high as roughly $1.13. Trading volume, however, fell more than 15%, according to the original market report, showing weaker spot activity during the rebound.

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On the 4-hour Binance chart, XRP is pressing against the upper boundary of a symmetrical triangle after forming lower highs and higher lows since mid-June. The descending trendline sits close to $1.12, while the rising support line approaches the $1.06–$1.08 area.

XRP 4-hour chart shows price testing a symmetrical triangle breakout.
XRP price 4-hour chart — July 16 | Source: crypto.news

Capital flow remains positive despite the unresolved breakout. The 4-hour Chaikin Money Flow reading stands at 0.26, indicating net buying pressure, but the Aroon indicator presents a mixed signal: Aroon Up is at 0% while Aroon Down is at 57.14%.

Daily indicators also show improving momentum without confirming a full reversal. The MACD histogram has turned positive at 0.0053, while the MACD line remains below zero and the relative strength index sits at a neutral 49.

XRP daily chart shows price consolidating near $1.11 below $1.12 resistance.
XRP price daily chart — July 16 | Source: crypto.news

The daily Fibonacci retracement places immediate resistance at $1.124, followed by $1.215. A confirmed move through the first level would support a test of $1.15 before traders turn their attention to $1.20, while rejection could keep XRP within its current consolidation pattern.

Derivatives liquidity surrounds the current price

CoinGlass data placed XRP futures open interest near $2.50 billion after a 2.65% increase over 24 hours. CME recorded a 0.74% rise, while Binance posted a 0.28% increase during the same period, indicating that traders added exposure as XRP recovered.

XRP liquidation heatmap shows dense liquidity around $1.12 and $1.09.
XRP liquidation heatmap | Source: CoinGlass

The 24-hour CoinGlass liquidation heatmap shows the strongest nearby liquidity concentrations between $1.117 and $1.13, just above the current price. Additional leveraged positions appear around $1.14, making that zone important if XRP breaks its descending trendline.

Below the market, the heatmap identifies another dense liquidity pocket around $1.09–$1.10. A failure to hold that region could expose the triangle’s rising support near $1.06, while a sustained break above $1.13 would clear the closest concentration of short-side liquidation levels.

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Prediction Markets Hold Up as Crypto Slumps, CoinGecko Shows Record Q2 Volume

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Crypto Breaking News

Crypto markets ended the second quarter of 2026 with broad weakness, but prediction platforms stood out as an exception. While spot trading, derivatives activity and stablecoin supply all retreated, prediction markets hit record levels, underscoring how quickly bettors are reallocating attention toward event-based contracts.

According to CoinGecko’s latest Crypto Industry Report (published Thursday), spot trading volume across the top 10 centralized exchanges fell to $1.95 trillion in Q2 2026—down 27.9% from $2.7 trillion in Q1. Perpetual futures volume also declined 10% to $12.7 trillion. Stablecoin market size slipped 1.6% to $305.1 billion, even as prediction markets surged to their strongest quarter on record with $113.8 billion in notional volume.

Key takeaways

  • Broad Q2 weakness across crypto trading: Top-10 CEX spot volume dropped to $1.95T and perpetual futures to $12.7T, according to CoinGecko.
  • Stablecoin growth stalled: The stablecoin market slipped 1.6% to $305.1B despite prediction-market momentum.
  • Prediction markets reached a record quarter: Notional volume rose to $113.8B, highlighting a shift toward event-driven demand.
  • Sports and politics led the demand: World Cup and the 2028 US presidential election were among the biggest drivers, per Polymarketscan and related reporting.
  • Regulation pressure is mounting: US regulators and states continue to dispute whether prediction markets fit under financial-market rules or gambling regimes.

Trading volumes slide while prediction contracts break records

The gap between traditional trading and prediction-market activity was stark during Q2. CoinGecko’s report shows that while capital and activity flowed less consistently into spot and derivatives, prediction markets instead absorbed momentum—an important signal for traders evaluating where liquidity and attention are concentrating.

CoinGecko recorded prediction markets’ best quarter yet, with $113.8 billion in notional volume. This came alongside sector-specific demand: sports and politics are increasingly becoming the dominant categories for event-based contracts. Polymarket’s World Cup winner market alone reportedly attracted more than $3.3 billion in trading volume, and contracts tied to the 2028 US presidential election ranked among the platform’s largest markets, based on Polymarketscan data.

Binance stays on top, but DEX activity loses ground

Even with the market downturn, Binance maintained its dominant position among centralized exchanges. CoinGecko’s report estimates Binance held a 38.7% market share in Q2. At the same time, at least one major peer saw a more severe contraction in trading activity: MEXC recorded the sharpest slump among spot CEXs, with volume more than halving from $275.2 billion in Q1 to $121.2 billion in Q2.

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Decentralized exchange performance also softened. The top 10 spot DEXs collectively processed $408.9 billion in Q2, down from $556.4 billion in Q1. Uniswap remained the leading venue with a 41.2% market share, though its volume fell 21.4% to $168.5 billion.

These figures align with the wider macro picture for the quarter. CoinGecko reported that total crypto market capitalization fell 12.6% to $2.1 trillion during Q2, reinforcing that the downturn was not limited to one segment of the market. The same broader weakness period also coincided with heightened security risks for DeFi: April was described as a record month for hacks in decentralized finance, according to earlier coverage that cited $630 million in losses.

Prediction market leaders shift as June demand surges

Within prediction markets themselves, activity peaked during June. CoinGecko’s report ties the high point to the start of the FIFA World Cup, when monthly notional volume reached an all-time high of $50.7 billion. That represented a 91.9% increase compared with the average of the previous five months—an indicator that the event-driven thesis may be pulling demand forward faster than typical, steady interest.

Over the quarter, Kalshi remained the largest prediction-market platform, retaining a 58.9% market share in Q2. Polymarket’s share declined over the same period, dropping from 35.8% to 30.2%. Robinhood-backed Rothera Markets improved its position, rising to fourth place.

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Competition is not only technical or product-driven—it is also shaped by accessibility, compliance strategies, and market participation. For instance, related reporting noted that the Czech Republic told ISPs to block Polymarket after it was added to an unauthorized gambling blacklist, reflecting how local policy can affect user access and platform growth.

Regulatory disputes intensify over whether prediction markets are “financial” or “gambling”

Even as usage grows, prediction markets are drawing increased regulatory attention. In the United States, regulators and states are still divided over how these platforms should be categorized—whether they should be treated as financial markets or as gambling venues. Cointelegraph previously reported on disputes including a Michigan judge blocking Kalshi’s sports-bets effort, along with lawsuits involving platforms such as Kalshi that have escalated through 2026.

Outside the US, other jurisdictions have also moved to restrict prediction markets, citing concerns such as gambling regulation, market integrity, and risks associated with insider trading. The combination of rising volumes and uneven regulatory outcomes means platforms may face a fragmented compliance landscape, with winners depending on how quickly they can meet differing legal requirements.

For investors and builders, the next question is whether prediction-market volume is a temporary summer spike tied to major global events, or a durable shift in how users allocate attention during a weak crypto cycle. Readers should watch for Q3 notional-volume trends, any additional jurisdiction-level restrictions, and how leaders like Kalshi and Polymarket adapt as regulators sharpen their stance on classification and market integrity.

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Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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ARK pushes back against a16z’s ‘TradFi wants blockchain, not DeFi’ claim

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ARK pushes back against a16z’s ‘TradFi wants blockchain, not DeFi’ claim

ARK pushes back against a16z’s ‘TradFi wants blockchain, not DeFi’ claim

ARK Invest’s director of research disputed a16z crypto’s thesis that traditional finance will adopt permissioned blockchain infrastructure instead of decentralized finance, saying institutions will increasingly rely on DeFi rails.

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ONDO price surges as DTCC-backed tokenized stocks fuel bullish momentum

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Ondo price breakout
Ondo price breakout
  • Ondo Finance (ONDO) jumps nearly 16% as trading volume approaches $290 million.
  • DTCC-backed tokenised stocks strengthen institutional adoption.
  • Bulls eye $0.50 if ONDO reclaims the 200-day EMA.

ONDO token extended its rally on Wednesday after a series of institutional developments strengthened confidence in the real-world asset (RWA) sector.

The token climbed nearly 16% over the past 24 hours to around $0.3737, reaching the upper end of its daily trading range of $0.321 and $0.376.

The price surge comes as Ondo Finance unveiled a new tokenised stock offering backed by infrastructure tied to the US Depository Trust Company (DTC).

The rally has also been accompanied by a sharp increase in trading activity.

ONDO recorded approximately $289.6 million in 24-hour trading volume, reflecting stronger market participation as investors responded to the latest developments.

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DTCC-backed tokenised stocks mark a major milestone

The biggest catalyst behind ONDO’s recent gains is Ondo Finance’s launch of tokenised stocks backed by DTC Tokenised Entitlements, introducing a model that connects blockchain-based assets with the infrastructure used by traditional US capital markets.

Unlike many existing tokenized equity products, these digital assets are designed to maintain the same CUSIP numbers and ticker symbols as their underlying securities.

This approach is intended to improve compatibility with existing financial market systems rather than creating a separate blockchain-only ecosystem.

The announcement also highlighted Ondo Finance’s participation in a broader tokenisation initiative involving major financial institutions and market infrastructure providers.

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Companies including BlackRock, JPMorgan, Goldman Sachs, Nasdaq, and the New York Stock Exchange (NYSE) are participating in efforts surrounding tokenised financial assets, underlining growing institutional interest in blockchain-based securities.

As the DTCC’s tokenization infrastructure expands, Ondo Finance plans to distribute tokenized stocks across exchanges, wallets, and decentralized finance applications, widening access to on-chain financial products.

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Rising institutional interest supports ONDO’s momentum

The tokenised stock announcement builds on Ondo Finance’s growing presence in the real-world asset market.

The protocol has already established itself as one of the leading platforms for tokenised US Treasury products, and investors are increasingly watching its expansion into tokenised equities.

The broader RWA sector has continued to attract institutional capital as firms explore blockchain technology to improve settlement efficiency and expand access to financial products.

Another factor supporting attention around the ecosystem is the discussion surrounding a proposed 10% ONDO token burn, although no final decision has been made.

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The proposal has become one of several developments investors are monitoring alongside continued institutional adoption.

The ecosystem has also benefited from demand for tokenized Treasury products that offer yields of around 5.2% APY, reinforcing interest in blockchain-based financial instruments backed by traditional assets.

The technical picture improves after the breakout

Beyond the fundamental developments, ONDO’s technical structure has strengthened.

The token is now trading close to the top of its recent weekly range of $0.305 to $0.376, while the latest rally pushed the price back above the widely watched 100-day Exponential Moving Average (EMA) though it still remains below the 200-day EMA.

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ONDO price chart

Reclaiming the 200-day EMA would confirm the bullish trend after the prolonged decline.

However, the price surge has been supported by higher trading volume, suggesting that buying activity has accompanied the breakout rather than a low-liquidity price spike.

Eyes are now on the $0.50 level as the next significant resistance area.

A sustained move toward that level would require ONDO to maintain its recent momentum after recording gains of 15.9% over the past seven days and 11.8% during the last two weeks.

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Keyrock acquires BlockFills trading assets in institutional crypto xxpansion

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Digital asset firm Keyrock plans to acquire BlockFills out of bankruptcy

Keyrock, a digital-asset services firm, acquired the trading and brokerage assets of BlockFills’ institutional digital asset business, bolstering its push into institutional crypto markets, the company said in a press release Thursday.

The completed transaction adds BlockFills’ client relationships, trading technology and derivatives expertise to Brussels-based Keyrock’s existing businesses spanning market making, over-the-counter (OTC) trading, options, credit, onchain services and asset management.

CoinDesk reported in June that Keyrock was in the process of acquiring Chicago-based crypto trading and lending firm Blockfills. According to a bankruptcy filing, Keyrock agreed to pay $3.25 million for substantially all of BlockFills’ assets, while assuming certain liabilities, equity interests, customer relationships and proprietary technology.

The acquisition broadens Keyrock’s regulatory reach through a CIMA-registered entity in the Cayman Islands and the proposed acquisition of an FCA-authorized entity in the U.K., subject to regulatory approval.

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The company said the combined platform will offer institutional clients enhanced execution capabilities backed by Keyrock’s balance sheet and regulatory infrastructure.

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The Clarity Act is the most important consumer protection effort in years

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The Clarity Act is the most important consumer protection effort in years

As a former financial regulator, I understand that no law can prevent every market failure or stop every bad actor. Fraud exists in every market, at every scale, but strong rules can mitigate the worst outcomes. They give regulators visibility, set obligations for companies before consumers engage with their products, and require firms to operate with basic and enforceable accountability. The bill is often described as crypto market structure legislation. That description is accurate, but it doesn’t capture the full scale. Market structure is the legal architecture that determines who must register with which agency, who supervises the market, what firms owe their customers, how assets are protected, what disclosures must be made, and what happens when something goes wrong.

Today, millions of Americans already use digital asset exchanges, brokers, dealers, and custodians. They open accounts, buy and sell assets, rely on platforms to execute transactions, and often trust intermediaries to hold their property. If those businesses are going to serve American consumers, they should operate under clear federal rules.

The Clarity Act would create those rules. Digital asset intermediaries would have to register, meet capital and risk-management standards, keep records, disclose material information to retail customers, monitor markets, address conflicts of interest, and follow conduct rules covering fraud, manipulation, marketing, supervision, and fair pricing. Those are basic safeguards in mature financial markets. They should apply here too.

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Short sellers load up against SpaceX as stock retreats back to IPO price

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A live feed shows SpaceX CEO Elon Musk on the day of SpaceX’s initial public offering (IPO) at the Nasdaq MarketSite, in New York City, U.S., June 12, 2026.

Jeenah Moon | Reuters

Short sellers are rapidly increasing their bets against SpaceX, driving bearish positioning to nearly one-third of the company’s public float as the struggling stock hovers around its IPO price.

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About 185 million SpaceX shares are now sold short, representing roughly 29% of the company’s publicly tradable float and about $25 billion in bearish wagers, according to S3 Partners. The position has ballooned from an estimated 40 million shares, or roughly 5% to 7% of the float, just three weeks ago.

“We are seeing continuous demand from short sellers building speculative positions since the IPO,” Matthew Unterman, head of research at S3, told CNBC.

The surge in short interest comes as SpaceX shares have struggled after an initially strong debut. The stock has fallen about 20% in July and briefly slipped below its $135 IPO price on Wednesday for the first time. The stock last traded around $136 apiece.

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SpaceX one month

The bearish positioning comes ahead of a closely watched lockup schedule that could substantially increase the number of shares available for trading over the coming months. SpaceX’s initial public float represented only about 5% of its roughly 13 billion shares outstanding, leaving the vast majority of stock still subject to lockup restrictions, according to KeyBanc Capital Markets,

KeyBanc estimated the first major unlock could come around the company’s second-quarter earnings report, when about 11% of outstanding shares may become eligible for sale.

Additional tranches of roughly 4% each are scheduled to be released beginning around day 70 after the IPO, followed by further unlocks tied to performance milestones and third-quarter earnings, the firm said.

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The largest block remains Elon Musk’s stake, representing about 42% of shares outstanding, which is locked up until June 2027.

The company’s 13th Starship test flight is slated for Thursday, an catalyst that could influence sentiment toward the shares.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

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