The sharpest signals for crypto — what moved, and why it matters.
Fri, Jun 19
Bond investors are the most conservative money in markets. They just greenlit a company holding 18,712 Bitcoin — a volatile, unproductive asset classified in SpaceX's own filings as non-core — while it takes on $20 billion in new debt.
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BlackRock now holds 764,000 BTC — more than any institution on earth, more than Strategy. And yesterday it led every ETF in outflows, pulling $96.7 million out in a single day.
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Fidelity launching a money market fund specifically designed to hold stablecoin reserves is the clearest signal yet of where this ends up.
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