hodler

4 May 2026, 11:39

Elon Musk eyes $10 trillion net worth ahead of SpaceX IPO

Elon Musk is talking about a $10 trillion fortune while Wall Street is already making room for SpaceX before its expected IPO. Speaking on X, Elon answered Peter H. Diamandis, the founder of the XPrize Foundation, after Peter said Elon had crossed about $800 billion, or around 2.7% of the entire U.S. GDP. Elon wrote, “$10T or bust.” Peter tied the size of that wealth to John D. Rockefeller in 1913 and said, “Rockefeller had oil. Elon has the future.” The bigger story is the money chase around SpaceX , the private rocket and satellite company that could list at around $1.5 trillion. Nearly 200 institutional investors from major Wall Street funds recently traveled to Texas for a SpaceX pitch, some fund managers have already set aside money for SpaceX, deciding how much they can buy, and looking at what they may need to sell. Some are weighing cuts to big tech positions, including Tesla (TSLA), to free up cash. Retail traders are watching the Tesla (TSLA) side while all this plays out. On Stocktwits, sentiment around TSLA was listed as extremely bullish, though message volume was low. SpaceX sentiment sat at bearish, with extremely low chatter. One Stocktwits user asked, “For real tho, why doesn’t Elon just pay for his own Tesla infrastructure? No more regulatory hurdles or whatever these ppl wanna call the delays.” Another trader said, “$400 open [for TSLA] tomorrow. Then $420 by the end of the week.” A third wrote, “$TSLA Love how they drop it a little bit from market chatter,, Sweden up 111% and Norway down 61%.. see you at 400 today.” Tesla (TSLA) is down 13% so far this year, and it is the second-worst performer in the Mag7. SpaceX gives Elon voting power that can keep him in charge after the IPO SpaceX is telling IPO investors that nobody can remove Elon as CEO or board chairman unless he agrees through the voting setup tied to his shares. A filing excerpt gotten by Reuters says Elon can lose those roles only through a vote by holders of Class B shares. Those shares will carry 10 votes each, and Elon is expected to control them after the listing. That means any serious attempt to push Elon out would run through the same voting power he controls. Nice little corporate circle, if anyone needed one. The filing also says that if Elon keeps a large part of his Class B common stock for a long time, he could keep control over who joins or leaves most of the board. SpaceX plans to use a dual-class stock structure. That type of setup is common in founder-led tech listings because it gives founders and early backers more control than normal public investors. But this one goes further because public company boards usually keep the formal right to remove a chief executive, even when the founder has enough votes to shape the final result. Corporate governance experts said the real force of the clause will depend on SpaceX’s original legal documents. Still, the package gives Elon something close to a personal veto over any attempt to remove him. SpaceX also warned IPO buyers that this structure “will limit or preclude your ability to influence corporate matters and the election of our directors.” OpenAI puts Greg Brockman on the stand as Elon-OpenAI trial continues Elon is also fighting OpenAI in court. Greg Brockman, OpenAI’s co-founder and president, is expected to testify Monday in Oakland in the California case Elon brought against the makers of ChatGPT. Elon wants his AI rivals pushed back into a non-profit foundation model, and is suing OpenAI, Greg, and OpenAI CEO Sam Altman, claiming they broke a charitable trust and made money in a way they should not have. OpenAI’s lawyers filed a document Sunday night saying Elon contacted Greg around April 25, about two days before the trial started, to ask about a possible settlement. Greg answered that both sides could drop their claims. Elon then replied, “By the end of this week, you and Sam will be the most hated men in America. If you insist, so it will be.” OpenAI’s lawyers want the court to let them question Greg about that exchange. The smartest crypto minds already read our newsletter. Want in? Join them .

4 May 2026, 10:30

XRP Setup Nobody’s Watching Points To Fast Move Higher, Crypto Analyst Says

XRP is entering what analyst Will Taylor (@CryptoinsightUK) describes as a rare momentum reset, with technical conditions now lining up around a potential sharp move higher. In the latest edition of The Weekly Insight, Taylor argues that XRP’s recent downturn may have compressed momentum to an unusual degree just as regulatory and ecosystem narratives begin to reappear. XRP Momentum Hits Rare Extreme The core of the setup is XRP’s relative strength index. According to the analyst, previous instances where XRP’s RSI reached oversold territory, or touched the 32 level or lower, have historically marked major lows. This time, the reading fell to around 30, described as the “second lowest RSI reading ever for XRP,” though not quite a full oversold break. Taylor’s main point is not only the level of the RSI, but the speed of the decline. XRP’s RSI reportedly fell from roughly 91 to 30 in a historically short period, a move the analyst frames as evidence that momentum may have swung too far, too quickly. “The market became too bearish too quickly,” Taylor wrote, adding that this is why he sees a likely case for another leg higher. Related Reading: XRP Compression Peaks: Symmetrical Triangle Signals Explosive Move Ahead That view is tied directly to XRP’s current base. The analyst says XRP is now building from around $1.38, compared with roughly $0.38 before its prior explosive move. If XRP were to repeat a similar percentage expansion to the November 2024 rally, when the asset allegedly moved about 500% within weeks, Taylor says that would imply a move toward roughly $6.50. The MACD, in Taylor’s reading, strengthens the same argument. The report describes XRP’s MACD as sitting at its lowest reading on record, suggesting that downside momentum has stretched further than in previous cycles. For Taylor, that creates the conditions for a forceful reversal if momentum turns, especially while price continues to hold above the $1.38 area. The analysis becomes more speculative when Elliott wave theory enters the discussion. The analyst says there is an argument that XRP may be entering wave three of a broader five-wave structure, with a possible target zone between $8 and $12. Taylor cautions that such a scenario is difficult to present without sounding speculative, but argues that major crypto expansions often occur in compressed time windows. Related Reading: David Schwartz Challenges $10,000 XRP Theory With Simple Question The market setup is also being framed against a possible regulatory catalyst. Taylor cites Coinbase chief legal officer Paul Grewal as saying the Clarity Act appears to be moving forward after an agreement with banks, while also pointing to commentary from Eleanor Terrett that market attention has shifted toward the week starting May 11 as a potential markup window. For XRP specifically, that timing matters because Ripple has been vocal about the importance of crypto market structure legislation. The analyst also notes recent criticism from Cardano founder Charles Hoskinson, who has suggested that the Clarity Act is being advanced in a way that could primarily benefit XRP rather than the broader market. Taylor does not fully endorse that view, but says the dispute highlights how significant the bill could become if it advances. At press time, XRP traded at $1.4155. Featured image created with DALL.E, chart from TradingView.com

4 May 2026, 10:10

Gamestop Bids $56B for Ebay, Leveraging $519M Bitcoin Treasury

Gamestop has made an unsolicited $55.5 billion offer to acquire Ebay, backed by a $20 billion bank commitment alongside a $519 million bitcoin treasury that CEO Ryan Cohen quietly built during fiscal 2025. Key Takeaways: Gamestop offered $55.5B for Ebay at $125/share, with TD Bank providing $20B in debt financing. The bid draws on Gamestop’s

4 May 2026, 10:05

Capital B raises $1.3M from Adam Back for Bitcoin strategy

The Blockstream CEO subscribed to 10 million warrants as Capital B pushes ahead with its Bitcoin treasury strategy.

4 May 2026, 09:54

Us court freezes $73 million ETH linked to North Korea suit

🚨 US court blocks $73 million ETH transfer citing North Korean ties. Frozen funds stemmed from the Kelp DAO hack and legal disputes now limit their movement. Continue Reading: Us court freezes $73 million ETH linked to North Korea suit The post Us court freezes $73 million ETH linked to North Korea suit appeared first on COINTURK NEWS .

4 May 2026, 09:43

Bitcoin Breakout or Fakeout on Monday? $80K Test Could Decide Everything

The Bitcoin bulls have broken out of the bear flag on Monday and have tested $80,000. Is this a firm foothold for the price so the bulls can push on higher, or is this just the last dregs of a rally that is just about to run out of steam? A hold above the bear flag is critical Source: TradingView The short-term time frame for $BTC reveals that the price has just broken out of the 3-month long bear flag, although this is only on a 4-hour candle as yet. The price has pushed through the top of the bear flag and has tagged the $80,600 resistance , before coming back to test and confirm the breakout, and what could now become support at $79,500. All looks good so far. A hold above the top of the bear flag for the next two or three days is probably what is needed now. Even better would be a surge well up above the flag, so that when the next down move comes, there is room for the price to come back down without breaking back into the flag. Could this be another small fakeout, as happened on 22 April? Quite possibly. This is a time when momentum could falter suddenly, especially if news from the Middle East is not good. Bulls not destined to be successful? Source: TradingView When zoomed out into the daily time frame the delicate nature of the situation can be fully understood. If this is to be a breakout, we are in the very early beginnings of it. We won’t know until the end of the day if the $BTC price is going to close above the top of the bear flag. Even now, the price looks to be sinking back below. While a golden cross has just taken place (the 50-day SMA crossing above the 100-day SMA), the big give-away here that tells us that the bulls are probably not destined to be successful, is the lack of any kind of volume to accompany a breakout. Until such time as we see some decent-sized volume bars, a breakout is not going to be likely. A descending volume profile while the price is rising is not a good sign. Finally, here in the daily time frame we can observe that the RSI indicator has reached the descending trendline again . This trendline goes all the way back to November 2024 so it is very strong indeed. Yet another rejection of this trendline is quite likely. Weekly macro picture still negative Source: TradingView Positives in the weekly time frame are that the $BTC price has broken through the bear market trendline and has left it well behind. In the RSI, the indicator line is just peeping through the descending trendline (although this is very early in the week). Nevertheless, the negatives are still controlling the macro picture. The trend is still down, and the $BTC price has been unable to break out of the top of its bear flag thus far. The macro take-away from this chart is that a rejection from the top of the bear flag is probably the next move to occur. Does this mean that a crash could then follow? Not necessarily. It may just mean that the price needs to come back down to the bottom of the bear flag. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.