Elon Musk’s aerospace company SpaceX reported holding 18,712 Bitcoin worth $1.45 billion in a recent filing, over 10,000 coins more than blockchain tracking firms had estimated. 

In the company’s S-1 registration statement, filed as part of its bid to become a public company on June 12, SpaceX revealed it purchased Bitcoin (BTC) at an average of $35,320 per coin. Its reported holdings would make it the seventh-largest among public companies.

SpaceX’s Bitcoin holdings as of Dec. 31, 2025. Source: SEC

SpaceX is poised to become the biggest IPO in capital markets history, aiming to raise around $75 billion with an estimated valuation of $1.75 trillion to $2 trillion. Buying its stock would give investors a way to gain exposure to Bitcoin, alongside the company’s aerospace and AI businesses. 

SpaceX Bitcoin accumulation began five years ago 

SpaceX began buying Bitcoin in early 2021, around the same time that Musk’s Tesla started investing in the cryptocurrency.

The latest SEC filing shows that SpaceX has considerably more Bitcoin than Tesla, which holds 11,509 Bitcoin. It also surpasses estimates from BitcoinTreasuries.NET and crypto analytics firm Arkham, which estimated SpaceX’s Bitcoin holdings at only 8,285 Bitcoin.

Related: Saylor’s Strategy scoops $2B Bitcoin, holdings reach 843,738 BTC 

BitcoinTreasuries.NET data shows that SpaceX only holds 8,285 Bitcoin on its balance sheet. Source: BitcoinTreasuries.NET

SpaceX chasing largest addressable market in “human history”

SpaceX is one of few private companies with large valuations looking to go public in 2026, along with AI firms OpenAI and Anthropic.

Going public could unlock billions of dollars in capital for the company to fund projects like Starlink, orbital data centers and potentially Mars colonization. 

In the filing, SpaceX said it is targeting the largest actionable total addressable market in “human history,” estimating a $28.5 trillion opportunity spanning AI, space and connectivity.

Magazine: eToro founder timed Bitcoin top perfectly due to belief in 4 year cycles

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

TLDR

• Fairshake PAC spent about $20 million to support candidates in three US primary races.
• All candidates backed by Fairshake PAC either won their races or advanced to runoffs.
• The spending targeted elections in Georgia, Alabama, and Kentucky.
• Affiliates Defend American Jobs and Protect Progress supported both Republican and Democratic candidates.
• Around $5 million funded advertising for Barry Moore’s Senate primary campaign in Alabama.
• Protect Progress previously supported Yadira Caraveo with about $2 million in her House primary race.

---

Fairshake PAC secured victories across key US primary races after deploying about $20 million in targeted spending. The crypto-backed political group supported candidates in Georgia, Alabama, and Kentucky. Every candidate it backed either won outright or advanced to a runoff.

Fairshake PAC Spending Drives Primary Wins

Fairshake PAC directed funds through affiliated groups supporting both Republicans and Democrats. These affiliates included Defend American Jobs and Protect Progress.

The PAC supported five Republican candidates and one Democrat in the latest primaries. Each backed candidate remained competitive after Tuesday’s results.

In Alabama, the group spent about $5 million supporting Representative Barry Moore’s Senate campaign. The funds financed a focused advertising push during the primary race.

Protect Progress previously backed Representative Yadira Caraveo with about $2 million. The support targeted her Democratic House primary campaign.

Fairshake PAC distributed remaining funds across races in Georgia and Kentucky. It focused on candidates open to digital asset regulation policies.

The strategy centered on competitive races rather than broad spending across many districts. This approach concentrated financial impact on fewer contests.

Crypto Industry Ramps up Political Spending

Fairshake PAC operates with financial backing from major crypto firms including Ripple Labs and Coinbase. The group plays a central role in industry political efforts.

Crypto-linked Super PACs plan to spend about $271 million during the 2026 midterm elections. Fairshake remains the primary vehicle for this spending.

The PAC reported spending about $130 million during the 2024 election cycle. It entered the current cycle with about $193 million in available funds.

These financial levels exceed many traditional corporate political action committees. The scale allows targeted spending in high-stakes races.

The PAC focuses on candidates who support clear crypto regulation frameworks. These include rules on stablecoins and token classification.

Industry priorities also include legislation defining securities and commodities in crypto markets. Exchanges seek clearer regulatory guidance through such measures.

Tuesday’s results extend Fairshake PAC’s track record in primary races. Backed candidates have consistently performed well in recent elections.

Campaign finance groups have raised concerns about rising industry political spending. Critics argue that large contributions may influence election outcomes.

Fairshake PAC has not issued a formal statement following the latest primary results. The election outcomes remain the most recent confirmed development.

Hester Peirce will leave the SEC in November 2026 to join Regent University School of Law as professor.

Regent University School of Law announced on May 19 that Hester Peirce will join its faculty as associate professor starting in November 2026. The announcement signals Peirce is winding down her time at the SEC after more than seven years as commissioner.

“Greg Jacob and Hester Peirce have served at the highest levels of law, government, and public life,” said Dean S. Ernie Walton. “Their decision to join Regent Law full time is a remarkable blessing for our students.”

What Peirce built at the SEC and what she is leaving behind

Peirce is widely known in the crypto industry as “Crypto Mom” for her consistent advocacy for digital asset innovation. Her dissents from enforcement-heavy SEC actions under former chair Gary Gensler earned her the nickname and the industry’s loyalty.

Peirce became an SEC commissioner in January 2018 and was named head of the Crypto Task Force in January 2025. Crypto.news has reported on the task force’s formation and its 10-point roadmap for resolving the SEC’s backlog of crypto regulatory issues.

Her term technically expired in mid-2025 but SEC commissioners can serve up to eighteen months beyond expiry until a replacement is confirmed. Crypto.news has also tracked her consistent position that the agency should allow experimentation rather than applying securities law reflexively.

“All I’m asking is that we have an innovation policy that allows people to innovate and try new things,” she said in a recent interview.

What her departure means for crypto regulation

Peirce’s exit removes the most prominent pro-crypto voice inside the SEC at a critical moment. The Crypto Task Force she led has been central to the agency’s shift away from enforcement-only oversight toward clearer rules.

Crypto.news has covered expert analysis that even with a friendlier SEC, courts remain the unpredictable variable in how US crypto regulation ultimately takes shape. At Regent Law, Peirce will teach securities regulation, financial markets, digital assets and public policy.

WhiteBIT launches dedicated UK platform as exchange expands presence in regulated British market.

WhiteBIT, the largest European cryptocurrency exchange by traffic, has announced the launch of whitebit.uk, a dedicated platform designed to serve users in the United Kingdom. The move marks a strategic step in strengthening the WhiteBIT presence in one of the world’s most mature and highly regulated financial markets. 

Web traffic to crypto exchanges in March 2026. According to SimilarWeb data, cumulative web traffic to cryptocurrency exchanges in March decreased by 2%. pic.twitter.com/kU1eyACEI3

— ICO Analytics #StandWithUkraine 🇺🇦 (@ICO_Analytics) April 13, 2026

The launch aligns with WhiteBIT’s broader mission to drive global adoption of blockchain technology by making crypto more accessible and practical for everyday use.

WhiteBIT UK is tailored to meet the expectations of both retail users and professional market participants. For retail users, the platform offers core features like spot trading, market analytics, and instant conversion. Users can fund accounts in GBP using payment cards and the Faster Payments Service (FPS). For institutional participants, 

WhiteBIT UK includes capabilities such as liquidity and market-making support, token listing options, Crypto-as-a-Service, and API connectivity, enabling integration and management of digital asset operations within a single platform. In addition, users in the UK can access crypto lending services, as well as auto-invest functionality (subject to product availability, onboarding checks, and applicable UK regulatory requirements) 

The launch comes at a time of sustained growth in crypto adoption across the UK. According to the Financial Conduct Authority, in 2025, overall awareness of cryptoassets remains high at 91% among the general public, while around 8% of UK adults hold crypto. The data also shows that 73% of users rely on centralised exchanges, highlighting the role of established platforms in providing access to digital asset markets. The UK continues to rank among the top markets globally for crypto engagement and fintech innovation. 

“Entering the UK market marks an important milestone in WhiteBIT’s expansion across regulated jurisdictions,” said Volodymyr Nosov, Founder and President of W Group, which WhiteBIT is a part of. “The UK has long been a global financial hub, and we see strong demand for platforms that combine innovation with a high level of trust, transparency, and compliance. Our goal is to provide users with access to digital assets while maintaining the standards that define our platform globally.”

https://www.instagram.com/reel/DYjcDJKOTBz/?igsh=eHAwdDlpcGoyaTJh

WhiteBIT has built its reputation around security and operational resilience, consistently ranking among the top 3 secure exchanges globally, according to CER.live. It was the first exchange to obtain Level 3 certification under the Cryptocurrency Security Standard (CCSS) developed by the CryptoCurrency Certification Consortium (C4). WhiteBIT applies rigorous compliance procedures, including AML and KYC protocols, alongside advanced infrastructure designed to safeguard user assets.

As the UK market continues to evolve, WhiteBIT plans to further expand its product offering and local presence, supporting both individual users and institutional partners with compliant solutions. 

Investing in cryptoassets carries a significant risk of loss, which may arise from a range of factors including market volatility, liquidity constraints, technological issues, or the actions of third parties. 

Although platforms typically implement security, compliance, and risk management measures, these cannot eliminate the underlying risk of losing some or all of your investment. Cryptoassets are not regulated in the same way as traditional financial products and are not covered by the Financial Services Compensation Scheme (FSCS). Users may also not have access to the Financial Ombudsman Service (FOS). They should carefully consider whether investing in cryptoassets is suitable for them and seek independent advice if needed.

About WhiteBIT

WhiteBIT is the largest European cryptocurrency exchange by traffic. Founded in 2018, the platform is a part of W Group which serves more than 35 million customers globally. WhiteBIT collaborates with Visa, FACEIT, FC Barcelona, Juventus FC, and the Ukrainian national football team. The company is dedicated to driving the widespread adoption of blockchain technology worldwide.

The European Commission has launched a formal review of the Markets in Crypto-Assets Regulation (MiCA), signalling that the European Union is considering updates to its landmark digital asset framework just two years after MiCA began applying. On Wednesday, the commission opened a public consultation inviting input from the crypto industry, financial institutions, and the broader public, with the process running through Aug. 31. The commission argued that crypto markets and the global regulatory environment have continued to evolve since MiCA took effect in 2024, prompting an assessment of whether the framework remains fit for purpose. As Cointelegraph notes, market observers have started referring to potential updates as “MiCA 2.”

Key takeaways

• The EU has initiated a targeted review and public consultation to evaluate MiCA’s performance and potential amendments, focusing on asset classification and the treatment of wrapped, synthetic, and tokenized assets.
• Stablecoins are a central focus, including whether MiCA’s prohibition on interest or interest-like remuneration should be retained or revised, along with questions on reserve requirements, liquidity management, redemption rights, and thresholds for “significant” tokens.
• The review extends to emerging risk areas such as DeFi, staking, lending, and tokenized financial assets, as well as the regulatory framework governing crypto asset service providers (CASPs) and consumer protections.
• Regulators are examining how to balance stronger protections and clearer rules with practical access to regulated banking and payment channels, aiming to bolster consumer confidence.
• The review occurs ahead of a key MiCA transitional milestone in July 2026, when CASPs must be fully authorized or cease operations if they do not meet the regime’s standards.

Regulatory review process and scope

The commission’s targeted consultation is designed to assess MiCA’s functioning in practice and identify where adjustments may be needed. The process seeks input on ongoing classification challenges, including how the EU defines crypto assets relative to traditional financial instruments, and how wrapped tokens, synthetic assets, and tokenized fund interests should be treated under the regime. The aim is to determine whether the current framework remains fit for purpose amid evolving markets and a shifting global regulatory landscape. The consultation is open to industry participants and the public, allowing a broad set of stakeholders to contribute to the regulatory dialogue.

Stablecoins, reserve requirements, and asset classification

A core element of the MiCA review is the treatment of stablecoins. The commission is evaluating whether the existing ban on interest or interest-like remuneration should be maintained or revised, alongside broader questions on reserve requirements, liquidity management, redemption rights, and the criteria used to identify “significant” tokens. By reassessing these areas, EU regulators hope to clarify risk management expectations for issuers and providers while reducing ambiguity for market participants. In parallel, the consultation examines whether consumer protections and supervisory practices are aligned with the practical realities of stablecoin operation, settlement, and custody in a cross-border, regulated environment.

Expanded scope: DeFi, staking, tokenization, and market integrity

Beyond stablecoins, the review probes risk areas and business models that have historically fallen outside MiCA’s primary perimeter, including decentralized finance (DeFi), staking, lending, non-fungible tokens, and crypto asset service providers (CASPs). Regulators are assessing how to address market integrity, investor protection, and potential simplification of compliance rules while ensuring licensing and cross-border oversight remain coherent across EU member states. The inclusion—or lack thereof—of DeFi and tokenized financial assets within the regulatory framework could influence how platforms operate within the EU and how they align with broader international standards.

The Commission’s review also emphasizes consumer trust and comprehension of crypto assets under MiCA. The public consultation document asks about consumer awareness of popular assets such as Bitcoin, Ether, stablecoins, DeFi, and tokenized assets, and contemplates measures that could enhance confidence, including clearer rules, stronger protections, more effective supervision, and easier access through regulated banks and payment providers. This emphasis on user protection and trust underscores the EU’s broader objective of melding innovation with robust regulatory safeguards.

The timing of the review is tied to MiCA’s transitional framework, with July 2026 marking a critical juncture when CASPs must be fully authorized or exit the EU market if they do not meet regulatory requirements. In parallel, ESMA has signaled the approaching end of transitional periods under MiCA, reinforcing the importance of timely and concrete regulatory outcomes for market participants.

The targeted MiCA review thus serves as a regulatory calibration exercise—balancing the need for clarity and proportional oversight with the EU’s aim of fostering a safe, innovative, and globally aligned crypto market. The ongoing dialogue will inform not only EU licensing and supervision practices but also cross-border compliance expectations for institutions operating within or interacting with the European market.

The Commission’s initiative is watched closely by exchanges, wallet providers, banks, and institutional investors that navigate a complex compliance landscape across Europe. It also aligns with broader policy discussions around digital assets, market structure, and the legislative trajectory toward a more harmonized European regime for crypto activities.

What happens next will hinge on the feedback received and how regulators translate it into amendments, if any, with implications for licensing, supervision, and market access across EU member states. The review could either yield targeted refinements to MiCA or signal a broader recalibration of Europe’s approach to crypto regulation, particularly for evolving product categories like DeFi and tokenized assets.

In the lead up to taking office, U.S. President Donald Trump fiercely opposed a Central Bank Digital Currency (CBDC) or government-backed dollar-pegged stablecoin, however the global market dynamics means it is inevitable, said Timothy Massad, the former chairman of the Commodity Futures Trading Commission (CFTC).

In an interview with CoinDesk on Tuesday during the Digital Money Summit 2026 in London, Massad went further, saying that despite the CBDC topic being highly sensitive in Washington, D.C.,it is being considered behind closed doors.

Mark Gould, chief Payments Executive at the U.S. Federal Reserve and also present at the event, refused to speak of a central bank stablecoin, saying this was not a topic at present “This is not under our remit,” he said, but when asked if a government-backed digital dollar would be the Fed’s responsibility he said yes, but not at present.

In March 2024, nine months before taking office for a second time, Trump vowed he would ban the creation of CBDC. “As your president, I will never allow the creation of a central bank digital currency,” he said while still campaigning. In March of this year, an initiative to ban the Federal Reserve from issuing a digital dollar was approved in an overwhelmingly bipartisan 89-10 vote in the Senate, but it remains part of a housing bill that may still hit a wall in the House of Representatives.

Massad said international central banking experiments with stablecoins are quietly forcing the U.S. to build government-endorsed settlement rails for onchain money to avoid losing ground to Europe.

During the panel discussion, the former CFTC chair (2014-2017) pointed to Project Agora, a major Bank for International Settlements (BIS), of which the U.S. is a member country, bringing together seven central banks, as a prime catalyst.

“The U.S. is a participant in Project Agora,” Massad said, highlighting that the work behind closed doors is moving forward despite Washington’s public-facing objections.

“We don’t have a central bank president who is going to get out there and speak about wholesale or retail CBDC, but that does not mean that we are not looking at how to create one.”

In a conversation after the session, Massad told Coindesk that while the Trump Administration will publicly say a formal retail CBDC is off the table, the evolution of tokenized finance will force a government-backed alternative.

Political action committees (PACs) aligned with and funded by the cryptocurrency industry notched a series of wins in three US state primaries on Tuesday, potentially setting a precedent for the 2026 midterm elections.

The Fairshake PAC and its affiliates poured a combined $20 million into supportive media for the races. The committee, largely funded by crypto companies Ripple Labs and Coinbase, is behind the Defend American Jobs PAC in supporting Republican candidates and Protect Progress PAC for Democrats considered to be “pro-crypto.”

Four Republican candidates and one Democrat won their respective primaries for US Senate and House of Representatives seats in Georgia and Kentucky, while one Alabama Republican will go to a runoff election.

“Fairshake’s 6-0 sweep tonight was a clear victory for pro-crypto leaders across the country,” Fairshake spokesperson Geoff Vetter told Cointelegraph. He said:

“This powerful bipartisan mandate is being heard across America from Georgia to Alabama to Kentucky.”

According to Federal Election Commission filings, Protect Progress spent more than $4.2 million to support Jasmine Clark, a Georgia representative running in the state’s 13th Congressional district. Defend American Jobs reported similar expenditures for media to support Republican candidates: $455,000 for Clay Fuller in Georgia’s 14th district, $709,000 for Houston Gaines in Georgia’s 10th district, $431,000 for Jim Kingston in Georgia’s 1st district and $7.2 million for Andy Barr for Kentucky’s US Senate seat.

Barry Moore, who was supported with $7.4 million from Defend American Jobs in his run for Alabama’s US Senate seat, will head to a runoff against state Attorney General Steve Marshall and Republican candidate Jared Hudson, after none of the three secured a majority of the vote in the primary.

Source: Jasmine Clark

Fairshake and its affiliates, backed by the crypto industry, are expected to spend millions of dollars in 2026 to “oppose anti-crypto politicians and support pro-crypto leaders,” according to a spokesperson in January. The company reported holding a $193 million war chest, far surpassing its 2024 expenditures of $130 million on media and ads to support congressional candidates.

Related: Crypto PACs spend $7.2M to support candidates in 5 US states ahead of elections

Despite the multimillion-dollar expenditures, the crypto-backed PAC hasn’t always been successful in swaying enough voters before a key election or primary. Fairshake reportedly spent $8 million opposing Illinois Lieutenant Governor Juliana Stratton in her US Senate primary, but she beat other candidates with more than 40% of the vote.

Coming Texas run-off seen again testing crypto PAC support

Protect Progress has ramped up spending on supportive media for Democratic candidate Christian Menefee, running to unseat incumbent Al Green in Texas’ 18th Congressional District. 

Representative Al Green addressing the House Financial Services Committee in March. Source: Al Green

According to FEC filings as of Tuesday, the PAC spent more than $4.1 million to support Menefee. It also reported spending more than $2.8 million on media to oppose Green, who has expressed anti-crypto views and voting records against the payment stablecoin bill GENIUS Act and digital asset market structure bill, the CLARITY Act.

Protect Progress reportedly spent more than $1.5 million opposing Green ahead of a March primary against Menefee, but neither candidate secured a majority of the vote, triggering next Tuesday’s runoff.

Magazine: 5 tech predictions the mainstream media got horribly wrong

Key takeaways:

• $2 billion in spot Bitcoin ETF outflows spark downside fears, but this metric is typically backward-looking.
• A sustained discount on stablecoins in China signals broad capital flight from cryptocurrency markets.

Bitcoin (BTC) reclaimed $77,000 on Wednesday as broader risk markets saw modest relief after Brent crude prices retreated below $108. However, large outflows from spot Bitcoin exchange-traded funds (ETFs) have forced traders to reassess the odds of further downside risk, especially amid lingering fears of a global economic downturn.

Russell 2000 Index futures (left) vs Bitcoin/USD (right). Source: TradingView

Bitcoin’s price action closely tracked the US small-cap stock index, hinting that macroeconomic factors are currently driving the move. The Russell 2000 Index excludes the 1,000 largest companies, shielding it from the heavy concentration of tech stocks.

Outflows from US-listed spot Bitcoin ETFs totaled $2 billion in the seven days leading up to Tuesday, sparking fears of a deeper price correction below $75,000.

US-listed spot Bitcoin ETF daily net flows, USD. Source: SoSoValue

Traders are now turning their attention to the artificial intelligence sector, with Nvidia (NVDA US) scheduled to drop its quarterly results after the US market close. According to Yahoo Finance, investors fear that competition from AMD (AMD US), Amazon (AMZN US) Google (GOOG US) are closing in.

Stablecoin flows in China reveal weak demand for crypto

Regardless of Wednesday’s Nvidia earnings, stablecoin flows in China reveal a distinct lack of investor appetite for cryptocurrencies.

USD stablecoin premium/discount relative to USD/CNY rate. Source: OKX

Stablecoins traded at a 0.4% discount against the official Chinese yuan-US dollar foreign exchange rate, signaling heightened demand to exit crypto markets. Under neutral conditions, the metric typically sustains a 0.3% to 0.8% premium due to strict Chinese capital controls and the regulatory risks faced during arbitrage trades.

Part of this market-wide risk aversion can be pinned to stubborn oil prices and surging US Treasury yields. Selling pressure on government bonds indicates growing concern over the Federal Reserve’s ability to head off an economic recession without triggering major currency dilution. 

Related: Bitcoin lost its hold on $80K, but three events may send it back sooner than markets expect

Elevated energy costs are driving resilient inflationary pressures, ultimately limiting the central bank’s ability to deploy expansionary monetary measures.

Demand for downside Bitcoin price protection signal lack of confidence

Strength in tech stocks masks broader economic risks. Meta (META US) announced a 10% global workforce reduction, while Cloudflare (NET US) is eliminating 20% of its staff. On Wednesday, Intuit’s (INTU US) CEO confirmed the company is laying off 17% of its employees.

Bitcoin options put-to-call volume ratio at Deribit. Source: Laevitas

The volume of Bitcoin put (sell) options traded on Deribit outpaced equivalent call (buy) instruments by 42% on Tuesday as traders sought downside protection. This metric has completely retraced from the previous week’s 56% call option advantage, seen when Bitcoin flirted with $82,000. In essence, traders are reacting to recent price movements rather than anticipating them.

Macroeconomic trends and high-stakes AI earnings forecasts continue to dominate the news flow, making it difficult for Bitcoin to regain sustained bullish momentum. If Nvidia’s results fail to meet investor expectations, Bitcoin could retest the $75,000 level. Still, the mere $2 billion spot Bitcoin ETF outflows are backward-looking and unlikely to indicate structural bearish expectations.

On-chain investigator ZachXBT says at least about $25 million in presale funds tied to BlockDAG Network and ZKP appear to have been mixed together and routed toward influencer promotions and gambling-related marketing linked to Gurhan Kiziloz.

ZachXBT has accused the operators behind BlockDAG Network and ZKP of pooling presale funds and redirecting part of that money into promotional payments for influencers, streamers and gambling-related marketing instead of limiting it to the purposes investors were led to expect.

In his post, he says on-chain tracing shows signs that at least about $25 million from the two presales was used interchangeably across multiple wallets before being bridged, sent to exchanges and then routed onward to addresses associated with promotional payouts for Spartans and related entities tied to Gurhan Kiziloz.

The allegation matters because the core claim is not merely sloppy treasury management but undisclosed reuse of investor money across separate ventures. According to RootData, ZachXBT had already alleged that Kiziloz was the real force behind BlockDAG and that the project’s public-facing leadership functioned more as nominal cover than actual control.

Fund flows under scrutiny

The new claim builds on months of scrutiny around BlockDAG’s unusually long-running presale and opaque cash movements. In an earlier public warning on X, ZachXBT said the token sale had run for more than two years while presale funds were being off-ramped through Middle Eastern OTC desks as Kiziloz spent heavily elsewhere.

Other outlets have echoed parts of that broader picture. CryptoRank reported in October 2025 that ZachXBT alleged Gurhan Kiziloz was the real co-founder behind BlockDAG and that millions in presale money were funneled through OTC brokers, while CryptoPotato later summarized allegations that BlockDAG had taken in more than $300 million from retail investors using aggressive promotional tactics and unrealistic return claims.

What is newly significant here is the allegation that ZKP was not separate in financial practice even if it was separate in fundraising language. ZachXBT says the presale materials for both BlockDAG and ZKP did not disclose that the funds could be used to support other businesses, and he argues the wallet behavior suggests exactly that.

Spartans and investor warnings

ZachXBT also identified specific addresses, including what he describes as the Spartans KOL payment wallet and the BlockDAG / ZKP presale wallet cluster, as part of the flow of funds he traced through the system. His conclusion is blunt: investors should stay away from BlockDAG, ZKP and Spartans.

That warning fits a broader pattern in his prior reporting. Binance Square summarized earlier allegations that Kiziloz was behind both Spartans and BlockDAG and that more than $300 million had been raised from retail investors through social-media-heavy promotion and misleading partnership claims.

Retail frustration is also not theoretical. Complaints in public communities such as Reddit and Facebook groups have continued to focus on withdrawal delays, unclear fund use and skepticism over whether the money raised was ever segregated in the first place.

The central problem is obvious enough: if separate presales were marketed as distinct opportunities but the cash was pooled and then used to pay external promoters for a gambling ecosystem, that is not clever treasury management. It is the kind of conduct that makes every “community-driven” presale look like a transfer mechanism from retail wallets into a private marketing machine.

Raoul Pal says AI and crypto could add $100T to global GDP within a decade.

Real Vision CEO Raoul Pal argued that AI and blockchain are converging into a single new infrastructure layer for the global economy. He forecast the crypto market could grow from roughly $2.7 trillion today to $100 trillion within a decade. “We can own the infrastructure layer for the first time in history,” Pal said.

Pal framed the current moment as a historic acceleration point, comparing AI adoption to “Metcalfe’s law squared” and citing data showing AI now produces more words annually than humans. He said humanity is approaching a point where AI systems become “apex intelligence,” fundamentally reshaping labour, finance and daily life.

Why Pal says this moment is structurally different from past cycles

Pal’s $100 trillion thesis has sharpened around AI convergence. In earlier analysis, crypto.news tracked Pal’s argument that a debt-driven liquidity cycle would push crypto higher through 2026. His newer position adds AI as a structural demand driver on top of that macro thesis.

He described crypto as a permissionless equity system, allowing anyone with a phone to own exposure to blockchain infrastructure without KYC restrictions. Pal has also recently argued that all banks will eventually run on Ethereum, treating the network as long-term financial infrastructure.

What Pal says could derail crypto

Asked in the interview what could stop crypto adoption, Pal replied: “Nothing stops this train.” The response reflects his view that AI agent demand for on-chain rails is now structural, not cyclical. AI agents require instant settlement, fractional payments and permissionless access, none of which traditional payment systems support at scale.

Pal recommends holding Bitcoin for pure store of value and a basket of major layer-1 networks for the coordination layer. He has previously noted that moves between assets reflect capital rotation rather than structural trend changes, underscoring his preference for core positions over speculative bets.