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The post SPCXB Falls Nearly 7% on First Day in Nasdaq-100 appeared on BitcoinEthereumNews.com. SPCXB News SpaceX (SPCXB) fell nearly 7% on its first day inside the Nasdaq-100, closing at $149.47 and slipping below the psychologically important $150 mark. The 6.83% drop marked the stock’s lowest close since its June 12 market debut, undercutting expectations that index inclusion would provide immediate price support. SpaceX earned entry on just its 16th trading day after listing, an unusually fast promotion driven by relaxed inclusion thresholds. Index providers had loosened criteria to attract more large listings, and the roughly $800 billion in passive funds tracking the benchmark was widely expected to steady the shares. Instead, the debut session delivered a sharp reversal that left holders questioning the strength of the inclusion trade. Estimates for the passive money inclusion would funnel into the stock varied widely. JPMorgan modeling pegged index-driven buying near $4.3 billio
Read full articleThe launch of Musk-free ETFs highlights growing investor demand for reduced volatility and governance concerns in major index funds. The post Subversive files ‘Elon-free’ S&P 500 and Nasdaq-100 ETFs, launching September 2026 appeared first on Crypto Briefing.
The post Palantir (PLTR) Stock Tumbles 5% Amid Political Scrutiny Over Government Contracts Worth $2.2B appeared on BitcoinEthereumNews.com. Key Takeaways Shares of Palantir closed approximately 4.8% lower at $127.88 on Wednesday, halting a seven-session rally that had driven the stock up 25%. Concerns emerged following a Financial Times article discussing potential political opposition to Palantir’s government work from Democratic legislators. Federal contract revenues reached approximately $2.2 billion in the twelve months since Trump’s presidential return, marking a 65% annual increase. The stock continues to trade beneath both its 100-day and 200-day moving averages, maintaining a Death Cross pattern established in February. Wall Street maintains a Buy consensus rating with a $174.10 average price target; the company’s next earnings release is projected for August 3. Palantir Technologies (PLTR) experienced a significant decline Wednesday, ending a seven-session upward momentum. Sh
The post SpaceX (SPCX) Stock Climbs as SpaceXAI-Cursor Joint AI Model Launch Approaches appeared on BitcoinEthereumNews.com. Key Highlights SpaceXAI and Cursor are set to unveil their first collaborative AI model, potentially as early as Wednesday, according to The Information The release was postponed earlier in the week to enhance performance and efficiency The new model aims to rival OpenAI’s GPT-5.5 and Anthropic’s Opus 4.8 This development precedes SpaceX’s proposed $60 billion all-stock purchase of Anysphere, Cursor’s parent company SpaceX (SPCX) became part of the Nasdaq-100 on Tuesday, marking a swift rise following its June 12 public offering, with shares trading near $151 SpaceXAI and Cursor are on the verge of unveiling their first collaborative artificial intelligence model, with the rollout potentially happening as early as Wednesday, based on reporting from The Information that referenced an internal company memo. JUST IN: SpaceXAI plans to launch its first model with Cur
The post Circle faces July 18 GENIUS Act test as CRCL stock risks fresh slide appeared on BitcoinEthereumNews.com. Circle stock has remained under pressure ahead of the July 18 deadline for U.S. regulators to publish implementation rules for the GENIUS Act, while technical indicators continue to point to downside risks for CRCL shares. Summary U.S. regulators must publish GENIUS Act implementation rules by July 18, putting Circle and stablecoin issuers in focus. CRCL stock remains under bearish pressure, with charts showing key support near $61.70 and downside risk toward $49. Coinbase shares have also weakened below $160 as investors await regulatory clarity and monitor key technical levels. According to the GENIUS Act signed by President Donald Trump on July 18, 2025, federal agencies were given one year to prepare the regulatory framework governing stablecoin issuance, licensing, reserve management, and supervision. That transition period expires on July 18, 2026, leaving the Federa
Circle stock has remained under pressure ahead of the July 18 deadline for U.S. regulators to publish implementation rules for the GENIUS Act, while technical indicators continue to point to downside risks for CRCL shares. According to the GENIUS Act…
A SpaceX-Tesla merger could revolutionize industries but faces regulatory challenges, impacting market dynamics and investor strategies. The post JPMorgan sees SpaceX-Tesla merger as strategically coherent despite hurdles appeared first on Crypto Briefing.
A SpaceX-Tesla merger could redefine industry landscapes, creating a $4 trillion giant, but faces regulatory and governance challenges. The post JPMorgan sees strategic logic in potential SpaceX-Tesla merger despite hurdles appeared first on Crypto Briefing.
The surge in tokenized equity trading highlights evolving financial infrastructure but raises regulatory scrutiny concerns that could reshape the market. The post Tokenized equities hit record $3.86B in June as SpaceX IPO rewrites the playbook appeared first on Crypto Briefing.
