Features Crypto News by Thebittimes.Com

Elon Musk net worth has officially crossed the $500 billion threshold, and this makes him the first person in history to actually reach this financial milestone. Right now, the tech billionaire’s fortune stands at approximately $500 billion, and this has been driven primarily by valuation increases in SpaceX along with his AI venture xAI. This puts Elon Musk net worth far ahead of Larry Ellison and other billionaires, while also fueling predictions that he could become the first trillionaire. Recent Elon Musk news confirms he’s now halfway to that historic trillion-dollar mark, which is pretty remarkable when you think about it. Elon Musk Net Worth Soars, Challenging Larry Ellison & Trillionaire Status Source: Radiofreemobile Record-Breaking Fortune Driven by SpaceX and xAI The surge in Elon Musk net worth has been attributed to insider share sales that valued SpaceX at roughly $350 billion. This represents a significant increase from the company’s previous valuations,...

Bitcoin Treasury innovation is making waves right now as Asset Entities and Strive Asset Management have just announced a merger to become the first-ever publicly traded Bitcoin Treasury company. This groundbreaking Bitcoin Treasury model allows BTC holders to swap their assets for company stock without triggering tax events, which also addresses those volatility concerns and regulatory challenges that crypto investors have been facing for quite some time. Also Read: Zhao Seeks Trump Pardon After $4.3B Binance Conviction Fallout Bitcoin Treasury Model Explained: Strive Management’s New Approach to Digital Asset Holdings Source: Watcher Guru Asset Entities and Strive Asset Management are joining forces to create, at the time of writing, a pioneering Bitcoin Treasury company. The joint venture, operating under the Strive brand, also aims to raise up to $1 billion in capital for Bitcoin acquisition through such an innovative tax structure. Arshia Sarkhani, President and CEO of Asset ...

On Sep. 29, USDC-issuer Circle launched Circle Research, an initiative to advance crypto, blockchain, and web3 innovation through open-source research.  Perimeter Protocol, an open-source standard for building tokenized credit markets on blockchain networks, is the first project by Circle Research.  The Perimeter Protocol aims to create a system of intelligent contracts and benchmarks for decentralized credit exchange on public blockchains. This will allow for a seamless flow of capital on secure, transparent, and decentralized networks.  Read more: Circle files appeal to remove stablecoins from SEC’s Binance lawsuit The objective is to eliminate obstacles in on-chain lending markets. The Perimeter Protocol facilitates invoice factoring, institutional crypto credit facilities, and merchant financing. It is an open-source platform that allows anyone to utilize, enhance, and contribute to the protocol. Circle is inviting blockchain developers and the b...

The Republican candidate also pledged to rescind all federal regulations that fail the Supreme Court’s major questions doctrine test in the West Virginia vs. EPA case — a potentially positive for crypto. United States presidential candidate Vivek Ramaswamy has lauded Grayscale’s recent victory over the federal securities regulator, arguing the decision will help keep Bitcoin and blockchain innovation from going overseas. In an Aug. 30 post on X (formerly Twitter) the pro-Bitcoin Republican candidate took shot at a “shadow” U.S. government, pointing the blame towards the “unlawful rogue behaviors of “3-letter government agencies” — presumably the Securities and Exchange Commission. Ramaswamy said this has led to the U.S. courts to serve as a last line of defense to help keep cryptocurrency innovators in the country, adding that it shouldn’t have reached the courts in the first place. “This decision is strong and clears a path to keep Bitcoin & blockchain innovation in the U.S. ...