ac

Bank of America reiterated its "Buy" rating on SpaceX after the earnings report, maintaining a target price of $235, which is approximately 87.5% higher than the reference price of $125.33 after the earnings report. Bank of America believes that its bullish logic is no longer primarily based on the rocket launch business, but rather on the AI infrastructure business.Bank of America expects SpaceX's AI business revenue to approach $24.5 billion by 2026, accounting for more than half of the company's total revenue forecast. Meanwhile, the collaboration with Anthropic has started contributing revenue since May of this year, and the computing power collaboration with Google is expected to launch in October this year. As a result, Bank of America has raised its performance forecasts for the next few years: the revenue expectation for 2026 has been raised by about 15% to $46.9 billion; the revenue expectation for 2027 has been raised by about 29% to $100.7 billion; and the revenue expectation for 2028 has been raised by about 29% to $184.8 billion.However, Bank of America also expects that as capital expenditures continue to expand, SpaceX will still maintain a large negative free cash flow in the coming years. It estimates: free cash flow of -$43.6 billion in 2026; -$45.4 billion in 2027; and -$37.4 billion in 2028.

According to Bloomberg, to advance the landmark cryptocurrency legislation "Clarity Act," bipartisan senators have proposed an ethical provision to Trump that may include a clause allowing the president to defer capital gains tax on his cryptocurrency assets. The proposal requires the president to divest from cryptocurrency-related businesses, and the relevant terms are still being negotiated between the White House and lawmakers. In June 2025, Trump reported that his family's cryptocurrency business generated over $1.4 billion in revenue, indicating that most of his income has come from digital assets benefiting from his own policies. Democratic senators have made strong ethical provisions a condition for supporting the bill, which aims to clarify the regulatory authority over the cryptocurrency industry.

According to monitoring by Catcher Predict, in the event "San Diego Padres vs. Arizona Diamondbacks" on the prediction market Polymarket, the "San Diego Padres" option in the sub-market "San Diego Padres vs. Arizona Diamondbacks" has experienced a dramatic fluctuation in winning probability, soaring from 50.5% an hour ago to the current 76.5% (a fluctuation of 26%). Please note the impact of related breaking news.

According to GMGN data, the top 5 tokens with net inflow of KOL in the past 24 hours are as follows:HORSE (89gZ....ump): Net inflow of $4,000, increased by 211% in the past 24 hours, currently priced at $0.0008.Toast (DHKf....ump): Net inflow of $1,000, increased by 2780.7% in the past 24 hours, currently priced at $0.0001.URMOM (6zj2....r3A): Net inflow of $886, increased by 3808.8% in the past 24 hours, currently priced at $0.0003.ICM (DZch....ump): Net inflow of $715, increased by 30075.8% in the past 24 hours, currently priced at $0.0007.Mochi (HDgk....ump): Net inflow of $712, increased by 7232.9% in the past 24 hours, currently priced at $0.0002.

Microsoft Threat Intelligence posted on the X platform that a cluster of compromised websites has been found using ClickFix and EtherHiding technologies to spread malware, with attacks targeting thousands of enterprise and consumer devices worldwide every day.Attackers inject Base64 encoded JavaScript to connect to the BNB Smart Chain RPC gateway, obtaining the next stage instructions stored by smart contracts. Since the contract content can only be modified by the deployer's wallet, traditional takedown methods are difficult to counter. The attack deceives users into opening a run dialog box with fake verification codes, pasting clipboard content, and executing commands from the attacker, while also involving the abuse of various system tools such as conhost, cmd, PowerShell, and mshta, as well as command obfuscation techniques. Successful execution may lead to credential exposure, persistence establishment, lateral movement, and even ransomware attacks.Microsoft recommends that enterprises enable Defender's multi-layer protection, restrict command line tools, enable PowerShell script logging, and remind users not to paste commands from unknown sources into the run window or terminal for execution.

According to Politico, the U.S. Senate has decided to postpone the vote on the Clarity Act until September.

Circle's Senior Director of Strategy and Policy, Patrick Hansen, stated that after the comprehensive implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), licenses have been issued for 35 electronic currency tokens from 21 issuers, and local issuers are making good progress. Patrick Hansen pointed out that the strict regulations of MiCA have made it impossible for most major stablecoin issuers, including Tether, to meet operational requirements. Currently, only USDG, USDC, and EURC comply with the framework requirements, while other stablecoins fall outside the regulatory scope of MiCA, leaving EU users unprotected or unable to access services.He believes that the upcoming review of MiCA should address this issue and provide a more pragmatic operational pathway for foreign issuers. The EU's Directorate-General for Financial Stability, Financial Services, and Capital Markets Union launched a public consultation on May 20 to assess whether the current framework is still applicable, with the consultation continuing until September 30.

According to Onchain Lens monitoring, a certain OG whale accumulated BTC when the price was around $10 to $15, and after being inactive for 10 months, transferred 50 BTC to a new address, worth approximately $3.22 million, possibly for OTC sale.This OG whale address cluster had previously shown a similar pattern, with funds subsequently flowing to FalconX or CEX.

SpaceX plans to build its own power facilities for the large semiconductor manufacturing plant Terafab being developed in Texas. Riley Trettel, who is responsible for energy and data center development, stated that a gas power plant and a large battery array will be constructed to store energy to meet the surging power demand. Elon Musk's companies have long favored vertical integration, and Tesla is also participating in the energy market in Texas.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $234 million, with long positions liquidated at $108 million and short positions liquidated at $126 million. Among them, Bitcoin long positions were liquidated at $6.2036 million, Bitcoin short positions were liquidated at $31.7862 million, Ethereum long positions were liquidated at $10.3418 million, and Ethereum short positions were liquidated at $28.937 million.In addition, in the last 24 hours, a total of 95,085 people were liquidated globally, with the largest single liquidation occurring on Binance - BTCUSDT worth $3.5545 million.

MetaMask launched the self-custody wallet Agent Wallet on Thursday, allowing AI agents to execute on-chain transactions within user-defined limits, aimed at traders and developers using AI agents to monitor the market, identify opportunities, and autonomously execute trades. Users can set spending limits, approve specific protocols, choose risk settings, and select different levels of automation between Guard Mode and Beast Mode.Agent Wallet supports Claude Code, Codex, Cursor, OpenClaw, Hermes, OpenCode, as well as Hyperliquid and Ethereum Virtual Machine compatible networks. Agent Wallet supports gas abstraction, allowing users to pay network fees with the assets being transferred, without needing to hold the corresponding native tokens of the network. MetaMask stated that supported transactions will undergo transaction simulation, threat scanning, and smart trading MEV protection, and if qualifying transactions incur losses after passing security checks, they can receive up to $10,000 in Transaction Protection coverage per month.

Google's parent company Alphabet's massive bond issuance attracted about $115 billion in subscription demand.

According to BeInCrypto, Tim Scott, the chairman of the U.S. Senate Banking Committee, stated that the CLARITY Act, aimed at regulating the cryptocurrency market, will be voted on before Congress goes into recess, and "there will undoubtedly be a vote."In an interview with Fox News, Scott mentioned that the Senate might extend its working hours, not limited to the next two days, to push forward the relevant legislation. He noted that there is a consensus forming within the Republican Party regarding the bill and believes that advancing a cryptocurrency regulatory framework "is in the interest of the United States."Tim Scott stated, "We will get this done."The CLARITY Act aims to further clarify the regulatory framework for digital assets in the United States, delineating the regulatory responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the cryptocurrency market. Supporters believe that the bill will provide clearer rules for the industry and help the U.S. maintain its competitiveness in the digital asset space.Currently, the bill still faces internal congressional disputes regarding consumer protection, regulatory authority, and market risks. If ultimately passed, it will be an important step in building the U.S. cryptocurrency regulatory system.

Elon Musk posted that he roughly estimates that about 25% of TeraFab's AI computing output will be used for Tesla Optimus, and about 75% will be used for AI spacecraft.

The real-time cross-border capital flow platform OpenFX announced the acquisition of Global Ledger, with its founder Tyler McIntyre appointed as the head of banking. At the same time, it launched a multi-currency account service. McIntyre previously co-founded the new bank Novo, which serves over 300,000 businesses and is valued at over $700 million.The account allows customers to make payments in local currency, and companies can hold received funds directly without the need for immediate conversion. OpenFX has launched the USD account in its first phase, which can receive and send funds to over 100 countries through ACH, Fedwire, and SWIFT, and supports instant connection with stablecoins like USDC.

According to CoinDesk, U.S. Senator Elizabeth Warren stated that she supports pushing for cryptocurrency-related legislation but does not support the current CLARITY Act, believing that the bill fails to adequately address key issues such as corruption, consumer protection, national security, and economic risks.Warren pointed out that the crypto industry needs a clear regulatory framework, but the regulatory plan must ensure investor rights and the safety of the financial system. She believes that the CLARITY Act is lacking in preventing conflicts of interest, protecting consumers, and reducing potential systemic risks.The CLARITY Act aims to further clarify the division of regulatory responsibilities for the U.S. digital asset market, establishing a clearer legal framework for cryptocurrency asset trading, issuance, and market participants. Supporters believe that the bill helps enhance industry certainty and promote innovation.However, some Democratic lawmakers, including Warren, have previously expressed concerns about cryptocurrency regulatory legislation, arguing that some proposals could weaken the power of regulatory agencies and create regulatory arbitrage opportunities for large crypto companies.Warren has long taken a cautious stance on crypto assets, focusing on consumer protection, financial stability, and the risks of illegal activities in the crypto market. This statement indicates that U.S. cryptocurrency regulatory legislation still faces a struggle between the two parties and different interest groups.

According to Bloomberg, SpaceX's stock performed relatively steadily on Thursday, following the expiration of a lock-up agreement that restricted insiders from selling shares, involving the release of approximately 911.5 million shares, valued at about $100 billion based on current estimates.Trading data shows that SpaceX's stock price fluctuated within a range of less than 3% in the early morning, as the market digested the potential selling pressure from this large-scale share release. In the first 30 minutes after the market opened, the trading volume approached 93 million shares, accounting for about 40% of the total trading volume from the previous trading day.This release occurred shortly after SpaceX's first financial report was published. Previously, due to concerns from investors about the company's investment in artificial intelligence being higher than expected, SpaceX's stock price had dropped by about 14%. However, most Wall Street analysts still maintain a long-term optimistic view of the company.The market's focus includes SpaceX's future investment plans in AI, satellite internet, and mobile communications. Although facing short-term capital expenditure pressures, analysts believe that the company's leading position in rocket launches, the Starlink satellite network, and the commercial space sector remains an important factor supporting its long-term valuation.This stock release, valued at approximately $100 billion, has also become an important event for the market to test investor confidence after SpaceX's listing. The stock price did not experience significant fluctuations, indicating that the market had certain expectations regarding the liquidity release for internal shareholders.

According to the official report from Spark, Spark Protocol released its Q2 2026 financial report. The total protocol return for the quarter reached $40.6 million (quarter-on-quarter +29%), with a net protocol return of $4.31 million (quarter-on-quarter -38%) and a net protocol surplus of $710,000 (quarter-on-quarter -79%). Distribution rewards amounted to $4.53 million, becoming the largest source of net income for the quarter, with sUSDS contributing $2.63 million, leading the way.The average deployment scale of the Spark Liquidity Layer (SLL) increased to $2.56 billion, but due to the narrowing of DeFi lending spreads and the cost of capital for the expansion of the Spark Savings USDT market, SLL recorded a net income of -$810,000, with the captured spread dropping from 0.64% in Q1 to -0.13%.The SparkLend USDT balance reached $528 million at the end of the quarter, making it one of the largest USDT lending platforms on Ethereum. The protocol treasury balance at the end of the quarter was $48.5 million, with $1.31 million in SPK token buybacks completed during the quarter. Despite facing pressure from spread compression, the protocol maintained profitability every month during this quarter.