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Category: Business

  • A Popular Altcoin Launches a Major Offensive: It Begins Preparations Against the Quantum Threat!

    A Popular Altcoin Launches a Major Offensive: It Begins Preparations Against the Quantum Threat!

    Recent concerns about advancements in quantum technology have become a significant and widely debated topic in the cryptocurrency market.

    At this point, the cryptocurrency sector is intensifying its efforts to improve quantum resilience following a significant research report published by Google in late March.

    In this context, the quantum threat is not only worrying the Bitcoin (BTC) and Ethereum (ETH) communities, but an altcoin has also begun testing quantum-resistant technology.

    According to DL News, Dogecoin (DOGE) developers are testing quantum-resistant technology to counter the threat posed by quantum computers.

    Dogecoin Foundation developer Ed Tubbs stated in an interview with X that teams are exploring ways to send quantum-proof transactions.

    Tubbs said, “We’re still in the early stages of the experimental phase, but it’s exciting to see real post-quantum evidence emerge on the main network.”

    According to Tubbs, this study shows that Dogecoin transactions made by network users may be quantum resistant.

    “…This allows us to prove that a quantum-secure signature for a transaction can be generated on-chain without changing how Dogecoin operates today.”

    Recently, Vet, an $XRP Ledger validator, argued that $XRP is better protected against quantum computers than Bitcoin.

    Related News Big Claim: This Altcoin is Safer Than Bitcoin Against Quantum Danger!

    *This is not investment advice.

  • This ‘Space Invaders’ Clone Game Pays Real Bitcoin—If You’re Skilled, Lucky or Rich

    This ‘Space Invaders’ Clone Game Pays Real Bitcoin—If You’re Skilled, Lucky or Rich

    In brief

    • A new game based on the arcade classic Space Invaders will let one person earn a real Bitcoin reward.
    • To claim the reward ,they must destroy 10,000 BTC worth of transactions that mirror actual activity on the blockchain.
    • The winner will earn a 10,000 sats bounty, valued around $7.30 at the time of writing.

    A new free-to-play Bitcoin game will pay someone a BTC bounty if they’re skilled at old-school arcade games, lucky enough to play while lots of Bitcoin is being transacted on the blockchain, or willing to move a ton of BTC to help grease the wheels.

    In the web game Mempool Space Invaders, first spotted by Protos, players are challenged to shoot down Bitcoin “whales” that fall through the screen towards their ship. Each whale represents a real transaction on the Bitcoin blockchain, and upon being blasted by the player, it adds the quantity of BTC from each transaction to the player’s score.

    Fail to destroy the whale and your shields will slowly deteriorate until you’ve lost the game. You can choose to start over for free—or pay 1,000 sats (about $0.73 worth of Bitcoin; each sat is 1/100,000,000 BTC) to continue your previous run.

    Ultimately, the first player to destroy 10,000 BTC in the game—representing some $730 million worth of real Bitcoin transactions—will earn a bounty of 10,000 sats, or about $7.30 in BTC from pseudonymous developer Jasonb, per a Stacker News post from the creator. 

    Taking home the bounty though will require serious skill and luck. Players must shoot down all the whales, many of which fall simultaneously, making it difficult to stay alive for long. If you’re lucky enough, though, you might play while large Bitcoin transactions are taking place on the blockchain, allowing you to destroy larger whales and stack bigger quantities of BTC in a short period of time. 

    But there is another way to win, according to the pseudonymous developer—though it’ll require the ability to move a massive amount of crypto.

    “The people’s approach,” said the developer in a post outlining the game, is to “throw up a 10,000 Bitcoin transaction to yourself and wait for it to show up.” 

    “Then blast it out of the water—er—space,” they explained. “Just make sure not to spend too much in fees, or you’ll eat up all your winnings.”

    Of course, not everyone has $730 million in Bitcoin laying around to win the game. As an alternative, the developer cheekily suggested trying “two 5,000 Bitcoin transactions.”

    “Just make sure that they are broadcast close enough together that you can shoot both of them in the same game,” they added in the footnotes. 

    If you don’t want to risk sending $730 million on the blockchain, you can try to play it out like some in the Stacker News comments, where one user said they were able to destroy a “paltry 70 BTC,” and another only 30 BTC after 20 minutes of trying. That won’t cut it.

    Anyone that actually completes the initiative will need to share a screenshot of their “game over” screen to unlock the bounty. If they put in the “effort to fake that,” the sats reward is “deserved,” the game’s author wrote.

    Other free-to-play games have offered users a risk-free way to stack BTC, but often the reward is not worth the time or effort. Most Bitcoin-backed games only offer pennies’ worth of BTC for each hour of play, and even then, you’ll have to endure loads of video ads to earn that pittance.

    Bitcoin is up 1.3% in the last 24 hours, slightly increasing the game’s bounty in the process as it trades around $73,198. The top crypto asset has jumped more than 9.5% in the last week, but still sits 42% below its all-time high of $126,080.

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  • Economists Said AI Wouldn’t Take Jobs—Some Now Admit They Got It Wrong

    Economists Said AI Wouldn’t Take Jobs—Some Now Admit They Got It Wrong

    In brief

    • A major multi-university study finds faster AI means fewer people working.
    • Economists now see real job losses alongside strong economic growth.
    • The debate has shifted to whether AI will replace the need for new jobs entirely.

    For years, economists were the professionals most likely to tell you to calm down about any fear related to technology. ATMs didn’t replace cashiers, Excel didn’t replace bookkeepers and robotic vacuums didn’t replace maids. “Augment, not replace” was the consensus.

    Well, that consensus is cracking.

    A new paper from researchers at the Federal Reserve Bank of Chicago, the Forecasting Research Institute, Yale, Stanford, and the University of Pennsylvania surveyed 69 economists, 52 AI specialists, and 38 superforecasters about how AI will reshape the U.S. economy.

    All three groups agree on one thing: Faster AI progress means lower labor force participation. That’s the polite way to say “fewer people working.”

    The numbers are staggering. Under what the researchers call the “rapid” scenario—where AI surpasses human performance across most cognitive and physical tasks by 2030—economists forecast the U.S. labor force participation rate dropping from its current 62% to 54% by 2050.

    About half of that drop, roughly 10 million lost jobs, would be directly attributable to AI rather than demographics or other trends.

    The rapid scenario isn’t science fiction. It’s the world where AI can negotiate book contracts, assist in any factory or home, and replace all freelance software engineers, paralegals, and customer service agents.

    Anthropic CEO Dario Amodei has already warned that the disruption is accelerating faster than most expect—and the study’s rapid scenario effectively validates that framing. GDP tells the other half of the story.

    Under the same rapid scenario, economists project annual GDP growth hitting 3.5% by 2045-2049—approaching post-WWII boom levels. AI experts are even more bullish, forecasting 5.3% growth. Tremendous aggregate wealth creation, concentrated at the top, with a thinner workforce to share it. The researchers flag that under rapid AI, the wealthiest 10% of households could hold 80% of total wealth by 2050—higher than pre-WWII inequality.

    But there’s a nuance that often gets lost in the AI jobs debate. The paper finds that expert disagreement isn’t mainly about whether powerful AI will arrive, but about what happens to the economy once it does. That’s a meaningful shift. The previous pro-tech arguments assumed that even transformative automation would eventually create new categories of work. The new question economists are wrestling with is whether AI, unlike ATMs, automates the task of inventing new tasks.

    For now, the aggregate employment data still looks mostly stable. A Yale and Brookings study from late 2025 found no mass unemployment signal nearly three years after ChatGPT’s launch. But research cited in the new paper documents a 13% relative employment drop among workers aged 22-25 in the most AI-exposed occupations. The macro is stable. The leading edge is not.

    On policy, economists and the general public part ways sharply. Economists favor targeted retraining programs (71.8% support) and largely reject job guarantees (13.7%) and universal basic income (37.4%). The general public is far more open to structural interventions. The paper’s authors note that optimal policy depends heavily on which scenario plays out—and right now, nobody knows which one will.

    So, the “augment, not replace” parable isn’t dead, but it’s on life support, and the economists running the numbers have enough data to be worried.

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  • Bitcoin moves off lowest level as worst of weekend fears slip away

    Bitcoin moves off lowest level as worst of weekend fears slip away

    The slide that began Saturday night, after Vice President J.D. Vance left Pakistan without securing a peace deal in Iran, has, for the moment, somewhat reversed.

    After falling to as low as $70,500 at one point Sunday, the price of bitcoin has bounced back to $72,100 during U.S. Monday morning trading hours. Helping were reports suggesting Iran was considering the abandonment of its enriched uranium as a concession towards ending the war.

    U.S. stocks have also reversed big early losses, the Nasdaq now higher by 0.3% after sliding more than 1%.

    Meanwhile, the promised U.S. blockade of the Strait of Hormuz — scheduled for 10 am ET — has apparently gone into effect.

    “Security in the Persian Gulf and the Sea of Oman is either for everyone or for NO ONE,” the Islamic Republic of Iran Broadcasting reported Monday. “NO PORT in the region will be safe,” based on a statement from Iran’s military and the Revolutionary Guards.

    Crypto-related stocks are on the move higher as well, led by a 8.3% gain for stablecoin issuer Circle (CRCL). Coinbase (COIN) is up 3.1% and Strategy (MSTR) by 1.5%.

    Read more: Strategy buys 13,927 bitcoin for $1 billion, entirely through STRC

    Does lightning strike twice?

    Bitcoin has now been consolidating for 67 days since its local bottom on Feb. 5 at $60,000, almost identical to the 68-day consolidation period between Nov. 21 and Jan. 28, which preceded a sharp drop from roughly $90,000 to $60,000 in the span of a week. Bears anticipate a similar outcome, which may include a retest of the 200-week moving average around $60,000.

  • Michael Saylor’s Strategy Company Continues to Buy Bitcoin Unabated! Here’s the Latest Purchase Amount

    Michael Saylor’s Strategy Company Continues to Buy Bitcoin Unabated! Here’s the Latest Purchase Amount

    Strategy continues its Bitcoin accumulation strategy without slowing down. According to a statement by the company’s founder and chairman, Michael Saylor, the firm purchased 13,927 Bitcoins between April 6 and 12 at an average price of $71,902. This purchase, worth approximately $1 billion, was one of the company’s largest weekly transactions in 2026.

    With this latest purchase, Strategy’s total Bitcoin holdings have reached 780,897 BTC. This amount has a current market value of approximately $55.4 billion, while the company’s average cost is stated to be around $75,577.

    This indicates an unrealized loss of approximately $3.6 billion based on current prices. The Bitcoins held by the company represent about 3.7% of the total supply.

    Strategy largely financed these acquisitions with proceeds from its equity and preferred stock sales programs. The company is known to have targeted a total capital increase of $84 billion by 2027 under its “42/42” plan. A significant portion of these resources is planned to be used for Bitcoin purchases.

    In his statement to investors, Michael Saylor emphasized the long-term nature of the strategy, urging them to “think bigger.” He also argued that Bitcoin would continue to appreciate in value over the long term.

    On the other hand, the company reported an unrealized loss of $14.46 billion in the first quarter of 2026 due to its Bitcoin assets. Despite this, Strategy continues its aggressive buying policy and remains one of the largest institutional investors in the crypto market.

    *This is not investment advice.

  • Circle CEO Jeremy Allaire Denies Claims USDC Will Be Used for Strait of Hormuz Passage! Here Are the Details

    Circle CEO Jeremy Allaire Denies Claims USDC Will Be Used for Strait of Hormuz Passage! Here Are the Details

    Circle CEO Jeremy Allaire has denied claims that $USDC will be used for transit fees in the Strait of Hormuz. Speaking at a press conference in Seoul, Allaire stated that this scenario is “extremely unlikely.”

    Allaire emphasized that Circle operates with strict regulatory compliance standards and works closely with global authorities. Therefore, he stated, a regulated stablecoin like $USDC is unlikely to be preferred in transactions carrying sanctions risks. According to the CEO, individuals and entities under sanctions generally prefer to use less regulated alternative stablecoins.

    Allaire also pointed out that due to $USDC’s technical structure, assets at specific addresses can be frozen quickly. He said this makes $USDC unattractive for illegal or sanctioned transactions.

    These statements followed a previous report by the Financial Times, which suggested that Iran might demand Bitcoin or Chinese yuan as transit fees from ships passing through the Strait of Hormuz. These claims sparked brief debate in the cryptocurrency market.

    Experts note that while the use cases for stablecoins are expanding, regulatory frameworks play a decisive role in such geopolitical scenarios. Circle’s statements once again highlight that $USDC is positioned primarily for regulated financial transactions.

    *This is not investment advice.

  • WLFI mints $25 million in fresh USD1 and burns $3 million, days after repayment claim

    WLFI mints $25 million in fresh USD1 and burns $3 million, days after repayment claim

    World Liberty Financial minted 25 million $USD1 stablecoins on Monday morning and burned 3 million through its TokenGovernor contract, on-chain data shows, as the Trump-linked venture continues managing the fallout from a lending position that trapped depositors on DeFi protocol Dolomite.

    The activity follows $WLFI‘s statement last week, posted in response to CoinDesk’s reporting on the Dolomite transactions, that it had repaid $25 million of the roughly $75 million it borrowed against its own governance token.

    The venture deposited billions of $WLFI tokens as collateral and borrowed stablecoins that were partially routed to Coinbase Prime, pushing Dolomite’s $USD1 lending pool to near-100% utilization and leaving other depositors unable to fully withdraw.

    Monday’s mint was funded through BitGo Custody and executed via $WLFI‘s $USD1 Mint Authority contract. The 3 million $USD1 burn moved from an address starting 0x2ce to the TokenGovernor contract before being sent to the null address, permanently removing the tokens from circulation.

    Smaller test transactions of $10, $10,000, and $40,800 in $USD1 were sent to a previously inactive address in the hours before the mint, a pattern consistent with wallet verification ahead of larger transfers.

    The net effect is a $22 million increase in $USD1 circulation. The simultaneous mint and burn indicates active supply management rather than a simple expansion.

    However, the burn raises its own question of where those 3 million $USD1 came from and why they were retired rather than redeployed.

    Stablecoin issuers routinely burn tokens when collateral is redeemed, but $WLFI has not disclosed the specific reason.

    It is not yet clear whether the newly minted $USD1 is intended to replenish Dolomite’s lending pool, fund additional treasury operations, or serve another purpose.

    $WLFI‘s governance token has fallen roughly 15% since CoinDesk first reported the Dolomite transactions on April 9. Dolomite co-founder Corey Caplan is an advisor to World Liberty Financial.

    CoinDesk has reached out to World Liberty Financial for comment in European morning hours.

  • SEC and CFTC Fast-Track US Crypto Oversight Using Interpretive Rules to Bypass Lengthy Rulemaking

    SEC and CFTC Fast-Track US Crypto Oversight Using Interpretive Rules to Bypass Lengthy Rulemaking

    U.S. regulators are accelerating crypto oversight by using interpretive rules, signaling a faster policy rollout strategy that prioritizes immediate clarity over traditional rulemaking processes.

    Key Takeaways:

    • Government Accountability Office (GAO) highlights fast-track crypto rules, boosting momentum across markets.
    • SEC and CFTC move quickly with interpretive approach, reducing friction for digital asset expansion.
    • Crypto framework signals lower barriers for issuers, supporting broader adoption and scalability.

    Regulators Accelerate Crypto Oversight Using Interpretive Rules

    A Government Accountability Office (GAO) review clarifies how U.S. regulators are advancing crypto policy while avoiding a judgment on the rule itself. The GAO, a congressional watchdog, issued its report on a joint rule from the Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC) on April 8. The report confirms the procedural path used to implement the rule, offering insight into regulatory strategy rather than policy effectiveness across digital asset markets.

    The document makes clear that the agencies framed the rule as an interpretive measure, which is central to understanding its rollout. The report states:

    “This rule provides an interpretation of the definition of ‘security’ as applied to crypto assets.”

    That classification determines which legal requirements apply and which can be bypassed. By documenting this framing, the GAO confirms regulators selected a faster, lower-friction route to introduce crypto guidance within existing securities law structures.

    That choice allowed the SEC and CFTC to avoid standard procedures tied to major financial rules. The report notes: “The Agencies determined that the interpretation in this rule may take effect immediately pursuant to 5 U.S.C. § 808(2) because it is an interpretive rule and thus exempt from the Administrative Procedure Act’s notice and comment requirements.” Section 808(2) is a provision under the Congressional Review Act that permits immediate implementation of certain rules when agencies justify bypassing delays. The GAO also recorded:

    “In its submission to us, the agencies indicated that they did not publish a proposed rule or solicit public comments.”

    For market participants, this signals a regulatory preference for speed and clarity over extended consultation.

    GAO Highlights Speed Over Process in Crypto Rulemaking Strategy

    The report also highlights how regulators are positioning the rule’s economic impact without supporting it with formal analysis. According to the GAO, the agencies argued the framework “should reduce costs for issuers of digital securities and crypto asset-related securities.”

    At the same time, they indicated that a cost-benefit analysis was not required. This reflects a broader pattern in crypto oversight, where interpretive guidance advances policy objectives while limiting procedural obligations. The GAO’s role is to record these claims for congressional visibility, not to validate them.

    Ultimately, the GAO review functions as a procedural checkpoint that informs Congress while signaling how regulators are structuring crypto policy. It noted that the agencies classify crypto assets into categories “based on their characteristics, uses, and functions.” That framework suggests a systematic approach to aligning digital assets with securities laws. While the report does not assess effectiveness, it confirms that U.S. agencies are using interpretive authority to accelerate crypto rulemaking, a trend likely to shape market structure going forward.

  • ‘First Crypto Bank’—Kraken’s Fed Approval Sparks $100K Bitcoin Warning

    ‘First Crypto Bank’—Kraken’s Fed Approval Sparks $100K Bitcoin Warning

    “The Federal Reserve officially approves Kraken Financial as the first digital asset bank with direct access to the United States’ payment systems,” the popular Bitcoin curation account @DocumentingBTC posted on X this week, racking up over 3,000 likes. The post set off a wave of commentary about what it means when a crypto company gets the same kind of Fed access that traditional banks have guarded for decades.

    Bitcoin is trading near $70,000. Some market watchers think the Kraken news is exactly the kind of institutional plumbing upgrade that could push prices toward $100,000.

    What Happened To Kraken

    The Kansas City Fed approved Kraken Financial, a Wyoming-chartered Special Purpose Depository Institution, for a limited-purpose Federal Reserve master account on March 4. The term is one year. The access is restricted. But the symbolism is hard to miss.

    Kraken Co-CEO Arjun Sethi told Fortune that Kraken went through Wyoming to get a Special Purpose Depository Institution charter rather than the OCC route other crypto firms have tried. Kraken’s head of policy Jonathan Jachym told Reuters the approval is “a great testament to regulatory rigor and cooperation,” adding that it “promotes principles of both safety and soundness, and innovation.” The account lets Kraken hold balances at the Fed and settle in U.S. dollars on Fedwire, bypassing the correspondent banks that crypto firms have relied on for years.

    The reaction on X was not universally positive. “ICBA and 42 state banking associations objected to the Federal Reserve Bank of Kansas City’s approval of a master account for Kraken Financial,” the Independent Community Bankers of America posted on their official account. Representative Maxine Waters, the ranking Democrat on the House Financial Services Committee, demanded the Kansas City Fed explain its legal authority for the decision.

    One anonymous trader on X captured the skeptics’ view: “Kraken’s Fed approval… isn’t pure adoption; it’s assimilation. Don’t mistake integration for decentralization.”

    Why It Matters For Bitcoin’s Price

    The Kraken news lands at a moment when institutional money is already flowing back into bitcoin. Spot bitcoin ETFs pulled in $789 million last week, the highest weekly total since February. BlackRock continues to lead those flows.

    Charles Schwab, which serves roughly 39 million brokerage clients, recently published a risk-sizing framework showing that an aggressive portfolio model could hold up to 8.8% in bitcoin under certain return assumptions. Schwab stopped short of calling it a recommendation, but the signal caught attention across crypto X. Pete Rizzo, the Bitcoin historian and former CoinDesk editor, posted that “$11 trillion Schwab just told 40 million clients to add bitcoin to their portfolios,” a characterization that got over 2,000 likes even if it overstated what Schwab actually said.

    Kevin Olsen, a payments industry educator who runs the Payments Professor YouTube channel, analyzed the Kraken approval in a video and predicted this is “merely the first of many approvals, signaling a permanent shift in how electronic banking and crypto institutions interact with sovereign financial rails.”

    Bitcoin has gained about 3% this week, bouncing between $70,300 and $73,200. The $75,000 level is the next test.

    The Bull Case

    Pierre Rochard, CEO of Bitcoin Bond Company and a longtime Bitcoin advocate, put it bluntly on X: “No four-year halving cycle has ever had a consistent bid from institutional and sovereign wealth quite like what we’re seeing in 2026.” His argument is that the old four-year boom-bust pattern is breaking because institutions are now permanent buyers, not tourists.

    The numbers back him up. Morgan Stanley launched its own low-fee bitcoin ETF (MSBT) on April 8, charging just 0.14%. “Morgan Stanley just handed Bitcoin to 16,000 wealth advisors managing $6.2 trillion in client assets,” posted Garry Krug, head of BTC strategy at aifinyo. “Their recommended allocation for growth portfolios: 2-4%.”

    Wall Street price targets for year-end 2026 are stacking up. Standard Chartered’s Geoff Kendrick is at $100,000. TD Cowen has a $140,000 target tied to bitcoin treasury companies. Bernstein is at $150,000. Tom Lee at Fundstrat has floated $200,000 to $250,000. The Kraken approval feeds directly into every one of these theses because it removes a layer of friction between institutional dollars and the crypto ecosystem.

    The Bear Case

    The one-year term on Kraken’s account tells you something. The Fed is treating this as a trial, not a verdict.

    “TD Cowen has cut its Strategy price target by 20.5% to $350, projecting the company’s Bitcoin gains will fall to $7.87 billion in 2026 from $10.17 billion in 2025,” CoinMarketCap reported. That is the same TD Cowen with a $140,000 bitcoin target cutting its bet on the biggest corporate bitcoin holder. Mixed signals, to say the least.

    Not everyone on X is buying the institutional narrative either. “Expecting under $50K by November 2026,” one trader posted, arguing that short-term rallies to $80,000 or $90,000 will give way to a deeper correction. Another anonymous account pegged their year-end target at $52,500, citing historical pattern analysis.

    Then there is the political risk. Waters’ investigation could lead to legislation restricting crypto companies from accessing Fed payment systems. The ICBA has 42 state banking associations backing its opposition. If Congress moves to pull the plug on Kraken’s experiment, the bullish narrative flips overnight.

    What To Watch Next For Bitcoin Price

    The big question is whether Kraken stays alone or other firms follow. Jachym has said the approval shows the regulatory path exists for any well-capitalized digital asset company willing to go through the process.

    Bitcoin sitting at $70,000 with that $75,000 barrier overhead. A break through on heavy volume, combined with continued ETF inflows and more broker launches like Morgan Stanley’s MSBT, would be the kind of technical confirmation that turns Wall Street’s $100,000-plus targets from speculation into consensus.

  • Elon Musk’s SpaceX Is Nearing Its $1.75 Trillion IPO—Bitget Is Offering Pre-IPO Exposure

    Elon Musk’s SpaceX Is Nearing Its $1.75 Trillion IPO—Bitget Is Offering Pre-IPO Exposure

    In brief

    • Bitget launched IPO Prime, a platform offering tokenized exposure to pre-IPO companies.
    • The first offering is preSPAX, a Republic-issued token tied to SpaceX’s post-IPO performance.
    • The token provides economic exposure without equity ownership, voting rights, or company endorsement.

    Cryptocurrency exchange Bitget launched IPO Prime on Friday, debuting the platform with preSPAX—a token that provides retail investors exposure to SpaceX’s future public market performance.

    The Republic-issued token offers economic upside tied to SpaceX’s eventual IPO or acquisition, marking a new intersection between crypto infrastructure and traditional pre-IPO investing.

    The preSPAX token mirrors potential economic gains from SpaceX upon a qualifying event like an IPO, but grants no equity, voting rights, or ownership in the company. SpaceX has not endorsed or authorized the offering, the same report notes. The subscription window will open from April 18-21, with token distribution and OTC trading scheduled to begin once it closes.

    “IPO Prime allows users to participate earlier in a company’s growth cycle, with the flexibility of continuous trading,” said Bitget CEO Gracy Chen, in a statement. “This shifts how and when investors can engage with emerging companies, which gives retailers and new investors a chance to buy in early.”

    The token launch comes as SpaceX moves toward a public listing. The company confidentially filed with the SEC on April 1, targeting a June 2026 IPO with a valuation of $1.75 trillion while seeking to raise over $75 billion. SpaceX currently trades at a $1.43 trillion valuation on the Nasdaq Private Market, a secondary venue for private company shares.

    Traders on Myriad—a prediction market platform operated by Decrypt‘s parent company, Dastan—strongly believe that SpaceX’s IPO will yield a market cap above $1.3 trillion at the end of the first day of trading, currently penciling in 88% odds.

    Bitget’s entry into tokenized pre-IPO investing reflects broader convergence between crypto and traditional markets. The Seychelles-based exchange, which claims 125 million users, already offers tokenized stocks, ETFs, commodities, and forex alongside cryptocurrencies. Republic previously launched its own rSPAX Mirror Tokens on Solana, offering similar SpaceX exposure.

    The space faces growing competition from both crypto and traditional players. Solana-based PreStocks offers comparable pre-IPO tokens, while established venues like Nasdaq Private Market and Forge Global dominate traditional secondary trading. Major exchanges are expanding their offerings, too, with Coinbase and Kraken offering stock trading options.

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