SpaceX’s $1.75 Trillion IPO Reveals 18,712 Bitcoin Holdings

SpaceX just filed for IPO at a $1.75 trillion valuation and disclosed holding 18,712 Bitcoin purchased at an average price of $35,000. The Federal Reserve proposed simplified master accounts giving crypto companies direct access to Fedwire without bank intermediaries. Iran controls $7.7 billion in crypto assets as a sanctions bypass. Meanwhile, hackers stole $11.6 million from the Verus-Ethereum bridge, a South Korean funeral company lost $33 million on a risky ETF, and the SEC may soon permit tokenized stocks to trade directly on blockchain. Here’s a clear look at the most important crypto and tech stories making headlines.

SpaceX Files for $1.75 Trillion IPO, Holds 18,712 Bitcoin

SpaceX filed for IPO at a valuation of $1.75 trillion and reported holding 18,712 BTC at an average purchase price of $35,000. The disclosure shows Elon Musk’s space company accumulated over $1.5 billion in Bitcoin.

SpaceX holding 18,712 Bitcoin worth over $1.5 billion at current prices means Musk put crypto on SpaceX’s balance sheet just like he did with Tesla. At an average buy price of $35,000, they’re sitting on massive unrealized gains. When a $1.75 trillion company going public holds this much Bitcoin, it validates crypto as a corporate treasury asset.

Federal Reserve Proposes Direct Crypto Access to Fedwire

The U.S. Federal Reserve proposed a simplified master account for crypto and fintech companies, allowing direct access to Fedwire without bank intermediaries. The proposal would give crypto firms the same payment infrastructure access as traditional banks.

The Fed creating direct access to Fedwire for crypto companies changes everything. Right now, exchanges need bank partners to move dollars. If they get master accounts, they connect directly to the Federal Reserve’s payment system. This puts crypto companies on equal footing with banks.

Iran Controls $7.7 Billion in Crypto as Sanctions Bypass

Iran controls $7.7 billion in crypto assets and actively uses Bitcoin as a financial bypass under international sanctions. The U.S. government identified the network tied to regime operations.

Iran holding $7.7 billion in crypto proves exactly why governments fear cryptocurrency. Traditional sanctions cut countries off from SWIFT and banking. Crypto provides an alternative financial system that operates outside government control. This is Bitcoin working as designed for better or worse.

Verus-Ethereum Bridge Hacked for $11.6 Million

A significant hack on the Verus-Ethereum bridge resulted in $11.6 million being stolen. The exploit demonstrates ongoing vulnerabilities in cross-chain bridge infrastructure.

Another bridge hack, another $11.6 million gone. Bridges remain the weakest point in crypto infrastructure. They hold funds from multiple chains and create single points of failure. When bridges get exploited, all those funds drain at once.

RetoSwap Anonymous Exchange Loses $2.7 Million in XMR

Anonymous P2P exchange RetoSwap was hacked, resulting in losses of about 7,000 XMR worth $2.7 million. The attack shows privacy-focused platforms face the same security challenges as traditional exchanges.

An anonymous exchange losing 7,000 Monero worth $2.7 million is particularly painful because XMR transactions can’t be traced. With Bitcoin, you can track stolen funds. With Monero, the money just disappears into privacy-protected transactions forever.

SEC May Permit Tokenized Stocks to Trade on Blockchain

The U.S. SEC may soon permit tokenized stocks to trade directly on the blockchain. The regulatory shift would allow traditional securities to settle on public blockchains instead of through centralized clearinghouses.

SEC allowing tokenized stocks to trade on blockchain means the entire stock market could eventually run on crypto rails. No more waiting days for trades to settle. No more intermediaries taking cuts. Just instant settlement on public ledgers.

Trump Executive Order Integrates Crypto Into Traditional Finance

Trump signed an executive order to bring crypto companies closer to the traditional financial system. The order aims to help crypto firms obtain banking licenses and access payment infrastructure.

Trump’s executive order pushing crypto into traditional finance means the government wants to regulate crypto companies like banks instead of treating them as outsiders. Banking licenses and payment infrastructure access legitimize the industry but also bring heavy oversight.

South Korean Funeral Company Loses $33 Million on ETF Gamble

A South Korean funeral company suffered a loss of approximately $33 million after investing client prepayments in a risky ETF. The misuse of funeral prepayments highlights failures in financial oversight.

A funeral company gambling $33 million of customer prepayments on risky ETFs is insane. People paid in advance for funeral services. The company invested that money instead of keeping it safe. Now the money is gone and families who prepaid might not get the services they purchased.

Tether Enters South Korea with Trademark Applications

Tether enters South Korea, filing seven trademark applications for its brand and stablecoin XAUT. The expansion targets one of Asia’s largest crypto markets.

Tether filing trademarks in South Korea shows they’re preparing for serious expansion in a market with millions of active crypto traders. South Korea has some of the highest crypto adoption rates globally. Tether wants direct presence there instead of operating through intermediaries.

Truth Social Withdraws Bitcoin ETF Application

The U.S. company Truth Social withdrew its application for a spot Bitcoin ETF amid high competition. The Trump-backed platform decided against entering the crowded ETF market.

Truth Social pulling their Bitcoin ETF application shows even Trump-connected companies can’t compete in the current market. When BlackRock, Fidelity, and other giants already have Bitcoin ETFs, a social media company has no competitive advantage in asset management.

About Paybis

Paybis is a global cryptocurrency exchange platform that provides fast, secure, and user-friendly digital asset transactions. Founded in 2014, the company specializes in fiat-to-crypto and crypto-to-fiat conversions, enabling users to buy, sell, and swap Bitcoin, Ethereum, and other cryptocurrencies using various payment methods, including credit/debit cards, bank transfers, and e-wallets.

With a strong focus on security and compliance, Paybis is registered with regulatory authorities and implements industry-leading AML/KYC procedures. The platform is known for its intuitive interface, 24/7 customer support, and competitive exchange rates, making it a preferred choice for both beginners and experienced traders.

Wrapping Up

These stories show government and corporate embrace of crypto while security problems persist. SpaceX goes public holding 18,712 Bitcoin. The Federal Reserve creates direct payment access for crypto firms. Trump orders integration with traditional finance. But bridges lose $11.6 million. Anonymous exchanges get hacked for $2.7 million. A funeral company gambles away $33 million of customer money. The contradiction remains. Institutions and governments treat crypto as legitimate infrastructure while the industry still suffers from hacks, scams, and basic failures in financial responsibility.

Written by

Rem Vasilenko

Rem Vasilenko is a Growth Operations Manager at Paybis. With a keen interest in FinTech, Rem brings a unique perspective to the evolving digital finance landscape. He combines his passion for FinTech with his marketing and business skills to drive innovative strategies. Find him on LinkedIn.