Business
MicroStrategy’s $13B Bitcoin paper loss now exceeds the market caps of top crypto tokens
MicroStrategy is facing a historic $13 billion unrealized loss on its Bitcoin treasury, a deficit that now exceeds the entire market capitalization of digital assets like Dogecoin.
Business
SpaceX and Nvidia headline Friday’s $12 trillion Russell index reconstitution
FTSE Russell will reallocate $12 trillion in benchmarked assets on Friday. Nvidia takes the top index spot, while newly listed SpaceX and CoreWeave enter the large-cap tier.
Business
Supreme Court allows IRS to pursue taxpayers indefinitely over preparer fraud
The U.S. Supreme Court left a ruling intact allowing the IRS to pursue taxpayers for unpaid taxes indefinitely if their preparer committed fraud, even if the taxpayer was completely unaware.
Business
BitGo Cuts 15% of Workforce to Fund AI and Stablecoin Restructuring
BitGo CEO Mike Belshe announced a 15% workforce reduction affecting 85 employees. The firm is abandoning volatile crypto trading models to fund stablecoin and AI infrastructure.
Business
Invesco files SEC tokenized fund to capture stablecoin reserve market
Invesco filed an SEC registration statement for a tokenized money market fund to manage stablecoin reserves, utilizing short-term U.S. Treasuries to meet strict GENIUS Act compliance rules.
Business
SpaceX T-Mobile Buyout: Analyst Flags Telecom Takeover After Record IPO
TD Cowen suggests SpaceX could acquire T-Mobile to secure direct owner economics in the wireless sector. Starlink generated $11.4 billion in 2025, and an acquisition would cement its rivalry with AT&T.