SpaceX SPCX and Tesla TSLA are exploring a potential merger, Elon Musk, the CEO and a shareholder of both companies, said on Tuesday, raising the prospect of combining two of his biggest companies and more than 30,000 bitcoin BTC$82,687.80. Musk owns about 36% of space and AI-focused SpaceX outright, rising to 48.4% including restricted shares […]
U.S. inflation data will test the interest-rate outlook this week ahead of the Federal Reserve’s October meeting. Investors currently expect the central bank to keep interest rates unchanged an increase in December. Third-quarter bank earnings will provide a separate check on lending, trading activity and investor demand. In crypto, Ethereum developers discuss upcoming upgrades, while […]
Payward, the parent company of crypto exchange Kraken, is in talks to become a crypto liquidity provider to U.S. financial giant Wells Fargo (WFC), according to two people with direct knowledge of the matter. Under the potential deal, Wyoming-based Payward would supply liquidity for trading in crypto assets, the people said, speaking on condition of […]
More progress was made but no compromise deal has yet emerged after a meeting hosted by the White House on Thursday to bring crypto insiders and bankers to the table again on U.S. digital assets legislation, according to crypto insiders who attended. “Today’s constructive meeting at the White House reflects the importance of focused working […]