| Mobile Web

Search results for U.S. Navy

Crypto

Canadian billionaire calls $200,000 bitcoin forecast less plausible than aliens

Canadian billionaire and gold advocate Frank Giustra criticised forecasts that bitcoin could rise to $150,000 to $200,000 in 2026, saying the existence of aliens was more plausible. The exchange followed a post by crypto commentator Chris Millas. Giustra has also rejected bullish price targets cited by Cathie Wood of ARK Invest for 2030 and said bitcoin would not reach $1 million. The debate underscores clashes between bitcoin optimism and scepticism.

Crypto

Bitcoin slumps to $65,000; leverage, Strategy sale and ETFs add pressure

Bitcoin slid into the $65,000 range to a new 2026 low, with broad declines across major tokens and bitcoin dominance falling to 57.75 percent. The drop was described as a compound shock led by excessive leverage and heavy spot inflows to exchanges. Strategy sold 32 bitcoins for the first time in four years, denting sentiment. Bitcoin broke below $70,000, triggering $1.5 billion in futures liquidations as spot bitcoin ETFs posted a third straight week of net outflows.

Industry

Teen-founded U.S. defense startup Mach Industries valuation quadruples in a year

U.S. defense technology startup Mach Industries raised $300 million in a Series C round, valuing the company at $1.8 billion. TechCrunch reported the valuation is nearly four times higher than a year ago, after a $100 million raise in June 2025 at a $470 million valuation. The round was led by Infinite Capital and Ribbit Capital. Mach is developing five autonomous aircraft and plans to start producing at least three next year.