Musk's SpaceX Transfers $95 Million in Bitcoin Ahead of IPO
GM. SpaceX moved $95 million in Bitcoin this week, its ninth major transfer of 2025, as the company consolidates wallets and prepares for a $1.5 trillion IPO.
Meanwhile, Kalshi wins court relief in Connecticut, Superstate enables onchain capital raises, and Binance’s Yi He recovers from a WeChat hack.
Here are the stories influencing crypto in the last 24 hours. 👇
Musk's SpaceX Transfers $95 Million in Bitcoin Ahead of IPO SpaceX moved 1,021 BTC worth $94.5 million on Wednesday, marking its ninth major Bitcoin transfer of 2025, according to Arkham. Analysts said the transactions likely reflect ongoing wallet consolidation as the firm migrates older Bitcoin addresses to newer SegWit and Taproot formats. The company has now relocated roughly 8,910 BTC, or $924 million, this year through Coinbase Prime, consolidating holdings across several institutional-grade wallets. Arkham data shows SpaceX currently holds about 3,991 BTC, though the figure may exclude recently reorganized assets still under the company’s control.
Tesla, which sold most of its Bitcoin during the 2022 market crash, retains 11,509 BTC valued at $1.24 billion. Musk confirmed both Tesla and SpaceX’s exposure to Bitcoin in 2021, noting that the holdings were part of a broader long-term crypto strategy.
The renewed onchain activity coincides with reports that SpaceX plans to go public in 2026, targeting a $1.5 trillion valuation. Bloomberg said the company aims to raise over $30 billion in what could become the largest IPO in history. $BTC $DOGE #Musk's
Do Kwon was sentenced to 15 years in prison for the collapse of Earth.
Do Kwon, the founder of Terraform Labs, was sentenced
to 15 years in prison for his role in the collapse of Terra, valued at $40 billion, marking the most significant ruling in cryptocurrency fraud cases to date.
Cryptocurrency companies have obtained conditional U.S. banking licenses, and Phantom has added prediction markets like Chia to its portfolio, while Tether's $1.3 billion bid to acquire Juventus was rejected.
The price of SOL is currently trading around $126 within a clear downtrend, with lower highs continuing to form. The price is below the downward trend line, and all recent bounces have been weak. The RSI indicator is trying to stabilize from low levels, but the overall trend remains negative as long as the price is below resistance.
🎯 Positive Scenario (Rise) In case of breaking the downward trend line + staying above $140 🎯 Targets: $155 – $170 – $185
❌ Negative Scenario (Fall) In case of breaking $120 with a daily close 🎯 Targets: $110 – $95 – $80
📌 It is preferable to wait for a daily candle close for confirmation.
🩸 Unfortunately, it fell from the accumulation zones, and it indeed rebounded from the support at 150, which was one of the important supports.
🔥🟢🔥 Currently, our viewpoint is that there is still an opportunity for buying and strengthening a part since the currency is under activation for a double bottom, executing it by surpassing 200, with a target between 250 to 260 dollars.
Also, it is forming an inverted head and shoulders 🔥🔥
🟢💰🟢 According to COINGLASS, the currency has a very high short squeeze potential, and here are strong opportunities for a short squeeze as the currency rebounds to the short code.
‼️🩸‼️ The worst-case scenario is if Solana breaks 135 dollars, it will quickly reach between 95 to 100 dollars $SOL
$KSM seems strong again with a clear bullish momentum building. The price has risen from the support area at $9.30 and is now trading near $10.96 after reaching a high of $11.20.
Buyers are active, and the trend remains positive as long as $KSM stays above $10.50. A breakout above $11.20 could trigger another strong upward move toward the next resistance levels.
$SOL /USDT Strong Hold — Bull Target $190 Resistance! 🔥
SOL
187.2
Solana continues to show steady strength, trading around $187.05 after bouncing from a 24-hour low of $183.79 and approaching resistance near $188.34. With a strong trading volume of 1.5M SOL, buyers maintain control despite the tight range. If SOL can break the $188.50 barrier, momentum may drive the price towards $190+ in the short term.
📊 Trade Setup:
Entry: Above $184
TP1: $189
TP2: $192
Stop Loss: Below $178
SOL remains a strong performer in the Layer-1 space — a breakout could ignite the next bullish wave! ⚡ $sol$SOL
📢 Technical analysis for the currency $ETH – Daily frame
📍 Current price: $3,875 🔸 Ethereum is trading inside a downward channel, and the price is currently close to the midpoint of the channel. 🔸 The 50 moving average is above the price and represents resistance around $4,050, while the 200 moving average is below the price and represents strong support around $3,700. 🔸 The lower limit of the channel is around $3,460, and this is a major support level that could stop any current decline. 🔸 The RSI indicator is trying to bounce back up from areas close to the oversold regions ✨
🎯 Positive scenario: 🔼 In the case of breaking above $4,050 and sustaining above it ➡️ Targets: $4,300 – $4,600 – $4,950