$BTC Bitcoin ETFs shed $635 million as BTC tests their holdings' estimated $81,500 cost basis. US spot Bitcoin exchange-traded funds recorded about $635 million in net outflows Thursday as the cryptocurrency traded near the estimated cost basis of the funds' Bitcoin holdings.
$BTC 3 Hurdles Could Complicate a Tesla and SpaceX Merger, Says Ex-Tesla Director. Steve Westly says valuation, SEC approval, and China could complicate a Tesla and SpaceX merger as both boards explore it.
$BTC Fidelity's Timmer Blames Sticky Inflation and Fiscal Risk for Rising Bond Yields. Fidelity's Timmer says bond yields may settle into a range, but sticky inflation and fiscal risk drove the climb.
$BTC Bitcoin ETFs sold through 7 of 8 crashes even as Wall Street makes BTC selloffs less violent. Bitcoin ETFs recorded outflows during seven of eight major selloffs, challenging expectations that Wall Street investors would support prices during downturns.
$BTC Tesla's Profit Drops 43% as Musk Starts Building Robots and Plans to Sell Driverless Cabs. Tesla earned $787 million last quarter, down from $1.37 billion, as spending on robots and self-driving cars soared. Optimus is in production, and Tesla aims to get Cybercabs to customers by year-end.
$BTC Irish cenbank fines Coinbase arm $3.6M for oversight, safeguard failures. According to the Central Bank of Ireland, Coinbase Ireland had agreed with the facts around the enforcement action and will be subject to fines and sanctions upon approval by a high court.