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Crypto

SpaceX IPO: Headwind or tailwind for bitcoin?

SpaceX’s initial public offering has emerged as a variable for gauging liquidity in the cryptocurrency market. It is drawing attention over whether it will pull more capital and interest away from crypto, or whether profits after listing will flow back into risk assets. Activity has already appeared on Hyperliquid, where the SPCX perpetual futures contract saw large open interest and volume. Analysts flagged near-term liquidity pressure, while others said a strong debut could bring money back to crypto.

Crypto

Michael Saylor says Ethereum is not money, ETH collapse talk resurfaces

Michael Saylor again questioned Ethereum’s competitiveness, arguing that rival networks such as Solana, BNB Chain, Sui and Layer 2s are weakening confidence. He said usefulness, not narrative, determines ecosystem success, as ETH has traded below key moving averages and slipped toward $1,600. The article says market participants do not see a full confidence breakdown, citing continued institutional expansion, the deepest smart-contract ecosystem and concentrated DeFi liquidity. It also notes Saylor’s earlier skepticism about spot ETH ETFs.

Crypto

Ethereum futures long bets grow, possible sign of market recovery

Ethereum remains near its 2026 low range, while leveraged long positions in the futures market are increasing. Cointelegraph reported that Binance’s ether futures open interest hit a record 3.7 million ETH, with the exchange accounting for more than 44 percent of the overall futures market. Taker buy-sell ratios have moved closer to balance across Binance and exchanges overall, but indicators also point to overheating and concentrated positioning across venues.