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The U.S. Space Force Signs $4.16 Billion Contract with SpaceX

58 minutes ago

On May 30, the U.S. Space Force awarded a $4.16 billion contract to SpaceX for the development of on-orbit satellite servicing technologies. BlockBeats reported yesterday that Musk took to X to deny claims that SpaceX is lowering its IPO valuation target to at least $1.8 trillion. Earlier, sources familiar with the matter revealed that SpaceX is targeting a valuation of at least $1.8 trillion for its upcoming initial public offering—an amount lower than the previously cited $2 trillion valuation.
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This Week in Review: US-Iran Agreement Faces Remaining Differences, Storage Chip Trio Join Trillion-Dollar Club

May 30 Global markets this week were anchored by four key narratives: U.S.-Iran nuclear talks, U.S. inflation, Federal Reserve policy, and the AI sector. While Washington and Tehran appear near a partial phased agreement, major disagreements remain over critical issues including Iran’s nuclear program, control of the Strait of Hormuz, and sanctions relief. A Situation Room meeting led by Trump and his White House team this week did not yield a final decision. On the macro front, U.S. April PCE inflation hit a nearly three-year high of 3.8% year-over-year, with core PCE climbing to 3.3%. The pickup in inflation has spurred several Federal Reserve officials to flag potential interest rate hikes, cooling market expectations for rate cuts this year. U.S. equities kept climbing to new all-time highs this week: The Dow added 0.9%, the S&P 500 rose 1.43%, and the Nasdaq advanced 2.39%. The AI sector remained the market’s central focus, with Dell’s stock surging nearly 40% after its e

7 minutes ago

Meta is developing an AI Pendant device to further expand its AI wearable hardware portfolio

May 30 — Meta plans to test an AI pendant device next year as part of its large-scale AI wearables expansion, according to recent reports. The device is considered a core piece of Meta’s "Workplace Wearables" initiative, aimed at boosting productivity and refining daily office experiences via an integrated AI assistant. In recent years, Meta has ramped up its AI hardware investments. Beyond the Ray-Ban smart glasses line, the company has revived its smartwatch project codenamed "Malibu 2" and advanced development of multiple AR/MR glasses products. Internally, Meta is revising its Reality Labs hardware roadmap to avoid market confusion from launching too many devices at once. Prior to this, Meta acquired Limitless — an AI wearable startup (formerly named Rewind) known for its pendant-style AI device that can record, transcribe, and summarize conversations. Industry observers believe the upcoming AI pendant project will leverage Limitless’s technology, marking Meta’s accelerated push

7 minutes ago

Bloomberg ETF Analyst: BlackRock Bitcoin ETF Gaining Momentum with New Offering, IBIT Reaches Record $54 Billion in Assets

On May 30, Eric Balchunas, Senior ETF Analyst at Bloomberg, tweeted that BlackRock has once again revised its application for the iShares Bitcoin Premium ETF (BITA). While the product’s fee remains undisclosed, the issuer is clearly still refining key details. Balchunas speculates BlackRock aims to launch BITA before Goldman Sachs’ Bitcoin ETF is scheduled to roll out in roughly six weeks. Balchunas also pointed out that BlackRock’s spot Bitcoin ETF, IBIT, has amassed $54 billion in assets under management (AUM). Even if IBIT’s AUM plateaus from now through 2030, the pace at which it hit the $54 billion mark will still stand as the fastest in ETF history. Balchunas stated that fund flow performance in the 18 months following the launch of spot Bitcoin ETFs has been “extremely insane,” setting a rare growth rate record for the ETF sector.

7 minutes ago

Suspected Bitmine Address Acquires Another 25,000 ETH, Equivalent to $50.56 Million

On May 30, monitoring by OnchainLens shows that a newly created wallet address received 25,000 ETH from Kraken, with the transaction worth roughly $50.56 million. The wallet most likely belongs to Bitmine.

7 minutes ago

An early investor in a certain HYPE project has started taking profits, with total profits exceeding $94 million.

May 30: OnchainLens monitoring reveals a whale address linked to HyperLiquid’s Genesis allocation has begun realizing profits, with its cumulative earnings on HYPE estimated to exceed $94 million. Key details: ? Previously received 819,335 HYPE tokens via HyperLiquid’s Genesis allocation; ? Later purchased an additional 676,798 HYPE for $2.9 million at an average price of $4.29 per token; ? Withdrew 500,000 HYPE from HyperLiquid 8 hours ago, valued at roughly $33 million; ? Deposited 211,001 HYPE into Coinbase, worth approximately $13.82 million; ? Currently holds 1,284,955 HYPE, with a current valuation of around $82.62 million.

7 minutes ago

The US Congress to Advance Bipartisan Crypto Tax Bill, Potentially the Next Major Legislation After the CLARITY Act

MAY 30 – U.S. House Ways and Means Committee Chair Jason Smith has stated that advancing cryptocurrency tax legislation hinges on bipartisan support. Shortly after Smith’s remarks, Representatives Steven Horsford, Max Miller, Suzan DelBene, and Mike Carey introduced the Protecting Access to Relevant and Innovative Taxation of Digital Assets (PARITY) Act. The legislation aims to update existing crypto tax rules, deliver a more transparent regulatory framework for the digital asset market, strengthen investor protections, and prevent market manipulation. Horsford emphasized the bill would let retail investors join the crypto space safely and access new wealth-building opportunities. Max Miller, meanwhile, argued current U.S. tax law has fallen behind the rapid growth of digital assets and modern financial technology (fintech). Alongside the advancing CLARITY Act, the PARITY Act is viewed as a key part of the U.S.’s effort to establish a comprehensive crypto asset regulatory system. Ear

7 minutes ago