Elon Musk's SpaceX and Tesla collectively hold 30,221 BTC, and if merged, they would become the fifth largest corporate entity by holdings.
May 21 — According to BitcoinTreasuries.NET, Elon Musk’s SpaceX and Tesla currently hold a combined total of 30,221 Bitcoin (BTC), valued at roughly $2.3 billion. SpaceX holds 18,712 BTC, while Tesla holds 11,509 BTC. When combined, the pair will become the fifth-largest publicly listed Bitcoin holding company globally.
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Bank of America Reaffirms Buy Rating for Alphabet with a Price Target of $430
May 21: Even though Google delivered one of its strongest I/O developer conference showings in recent years, the tech giant’s stock slipped 2% on the day. Bank of America is retaining its “Buy” rating on Alphabet Inc.—Google’s parent company.
In a May 20 research report, BofA analysts Justin Post and Nitin Bansal reaffirmed their bullish outlook for Alphabet, setting a $430 price target. This implies roughly 10.9% upside from Alphabet’s current $387.66 share price. The analysts noted Google is no longer in a catch-up phase, citing product innovation from its Search and agentic AI announcements as core strengths.
Their bullish case rests on three user metrics Google unveiled at I/O: AI Overviews (top-of-Search results feature) now have 2.5 billion users; Search’s AI Mode conversation layer boasts 1 billion users, growing at a quarterly double rate; and Gemini’s monthly active users (MAUs) jumped from 400 million a year ago to 900 million today. Bank of America interprets this grow
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Hyperliquid's HYPE Spot TWAP Orders Surge, Net Inflow Reaches $7.05 Million in the Next 24 Hours
May 21 — Monitoring from Hyperinsight (via its Telegram channel @HyperInsight) has flagged a major surge in HYPE token activity. On the Hyperliquid platform, six large crypto whales are planning to use TWAP (Time-Weighted Average Price) orders to purchase more than 10,000 HYPE spot coins, with total planned buys totaling over 119,000 tokens — equivalent to roughly $6.8 million at current prices. A portion of these buy orders has already been partially filled. Based on existing order data, HYPE’s TWAP-driven net buy pressure is projected to hit $7.05 million over the next 24 hours — a 230% jump from yesterday’s levels.
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Fantasy.top has announced that it will cease operations at the end of June and will fully refund investor funds.
May 21: Decentralized trading card game (TCG) project Fantasy.top announced it will officially cease operations at the end of June. The team stated the project launched as an "attention market" and social finance experiment, emerging as one of the most viral consumer applications in the crypto industry. Fantasy.top added it has distributed over $20 million in player rewards and $3.2 million to Heroes, with 86% of players ultimately achieving profitability or breaking even.
However, the team pointed to long-term limitations in its TCG-based economic model. Like consumer-facing crypto products such as TopShot and SoRare, the platform lacked sufficient transaction volume to sustain long-term operations. Over the past year, the team explored multiple directions—including market prediction, Mindshare tracking, and social graph betting—but failed to find a sustainable product-market fit.
Additionally, Fantasy.top noted it will fully refund investors on a 1-dollar-for-1-dollar basis. Its ma
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The Sandbox Co-Founder's Wife Faces Failed Kidnapping Attempt in France, Police Say Incident May Be Linked to Cryptocurrency
May 21, per French outlet Le Journal du Dimanche, Sebastien Borget—co-founder and COO of The Sandbox—was the victim of a botched kidnapping attempt this week at his family’s home in Villenoy, a town in France’s Seine-et-Marne region, the outlet reports. According to the account, a man posing as a delivery worker arrived at the couple’s door. When Borget’s wife opened it, five masked accomplices rushed into the yard, trying to force her into a waiting vehicle. Neighbors responding to her screams for help intervened, making the suspects flee the scene.
Two suspects have been arrested so far, while four others remain at large. Law enforcement found fake guns, handcuffs, and balaclavas on the detained individuals. French authorities’ initial investigation points to a link between the incident and cryptocurrency-related activity. The report notes that France has logged 41 cryptocurrency-linked kidnapping or attempted kidnapping cases this year, bringing the total number of such incidents i
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