Election night was bad for Trump cryptocurrencies
Cryptocurrencies associated with the Trump family performed poorly on election night, shedding substantial value.
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XRP treasury firm Evernorth Holdings falls to new low
XRP digital asset treasury firm Evernorth Holdings fell to a record low close of $11.70 yesterday, a drop of 44% from its first-day high.
Can the pivot to AI save crypto miners?
Over the past year, several firms have decided to move away from mining crypto and transition their infrastructure to focus on AI.
SpaceX’s biggest stock unlocks are still ahead
The $207B unlock of SpaceX stock this month broke its all-time record, and June 2027 could be 3x larger.
Anthropic outranks most IPOs in history
Anthropic’s IPO filing is a mixed bag, setting nominal records among historical IPOs for losses, revenue retention, and accumulated deficit.
Gemini stock reaches record low, down 89% since IPO
The Gemini crypto exchange closed at a record low on Monday, reaching $3.215, a decline of 89% since its IPO.
— aifc, alt5 sigma
Trump-associated ALT5 Sigma down 96% since WLFI deal
ALT5 Sigma, the World Liberty Financial token treasury firm, has fallen 96% since it announced it was acquiring WLFI tokens.
— Bank of America, Money Laundering
Bank of America hit with $1.2B fine after missing ‘Chinese money laundering’
Bank of America processed over $5B in suspicious transactions, including "transactions indicative of Chinese Money Laundering Networks."
CHART: Time taken for the average US worker to earn one BTC tops 12 months
It costs more than one full-time year’s worth of labor for a US employee to buy one BTC, a work cost unprecedented prior to 2024.
— American Bitcoin, Eric Trump
Trump-related American Bitcoin has lost more than 90% of its value
Trump-led American Bitcoin has lost more than 90% of its value since its reverse merger, far outpacing the 25% that BTC has declined.