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Industry

U.S. Air Force, Space Force seek record budget increase to counter China space attacks

The U.S. military is accelerating efforts to strengthen space capabilities amid assessments that China has already developed and tested technology to attack the United States and its allies in space. U.S. Space Force officials say China operates the world’s largest space force and has sharply expanded its satellite fleet. The Air Force Department is seeking $338.8 billion for the next fiscal year, including $71.1 billion for the Space Force, up 124 percent.

Crypto

BTCC lists SpaceX-linked perpetual futures with up to 50 times leverage

Crypto exchange BTCC has launched a perpetual futures product linked to SpaceX pricing, listing the SPACEXUSDT contract in its tokenised stocks section with up to 50 times leverage. The move targets retail demand for exposure to major private companies. BTCC said early trading demand for traditional-market themed products has been strong and stressed SPACEXUSDT has sufficient liquidity. It is also running promotions, while warning that leverage can amplify both gains and losses.