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Crypto

Charles Schwab opens direct cryptocurrency trading in 48 U.S. states, supporting bitcoin and ether

Charles Schwab has begun direct trading of bitcoin and ether across about 40 million brokerage accounts, opening the service in 48 U.S. states excluding New York and Louisiana. The product, called Schwab Crypto, carries a 0.75 percent trading fee and is operated by Charles Schwab Premier Bank and Paxos. Schwab has kept risk warnings, saying even a 1 to 3 percent allocation can overly affect a portfolio.

Crypto

Strategy\'s Michael Saylor raises $15 billion with ChatGPT-designed preferred stock

Michael Saylor (마이클 세일러), chairman of Strategy, said the company raised about $15 billion over the past year using a preferred stock product designed with ChatGPT. He said Strategy had relied on convertible bonds to fund bitcoin purchases but the approach reached its limits. As bitcoin and Strategy shares fall, the company sold bitcoin to fund preferred dividends and raised additional cash through stock sales.

Industry

SpaceX lock-up expiry could release 911.5 million shares ahead of first earnings

SpaceX will hold its first earnings announcement on Aug. 4, with the date coinciding with the first post-IPO lock-up expiry that could release up to 911.5 million shares. The company adopted a phased sale structure, allowing insiders to sell 20 percent of eligible locked-up stock after earnings. Additional shares could be released if the stock meets a price threshold. Short interest has risen as investors also watch launch schedules and cloud business expansion.