Ethereum Withdrawal Acceleration, with a CEX Net Outflow of 182,400 in the past 24 hours

Morgan Stanley analysts said the sell-off of SpaceX shares has pushed its stock price to a level that implies investors are valuing its AI business at zero. In a Friday note to clients, Morgan Stanley analyst Adam Jonas wrote: "We believe there is a disconnect between the growing pessimism among investors and the company’s largely unchanged fundamentals, creating an attractive opportunity for investors to buy SpaceX shares." Jonas noted that many investors expect SpaceX’s stock could fall further to $100 per share, as the lock-up period for its first batch of shares expires next month, allowing some insiders to sell their stakes. At that level, he argued, investors are effectively assigning a zero or even negative valuation to SpaceX’s AI business. The analyst set a $300 price target for SpaceX shares, with over 50% of the valuation coming from the company’s AI business.

According to a New York Times report, four sources familiar with the matter disclosed that U.S. President Donald Trump held a meeting with senior advisors and top cabinet officials on Friday to discuss further escalating military strikes against Iran. The meeting comes at a critical juncture for U.S. policy toward Iran, the report noted. Earlier, the fragile ceasefire between the U.S. and Iran, as well as the memorandum of understanding aimed at pushing both sides back to the negotiating table to reach a long-term denuclearization deal, have collapsed. Sources added that the Trump administration is currently evaluating its next steps, including whether to escalate military operations against Iran.

Elon Musk announced in a post that Grok 4.6 will be launched in two weeks, and Grok 4.7 will be launched in four weeks.

US President Trump stated that he is prepared to take higher-level military action against Iran, but has not yet decided on a major strike targeting the country. "I believe that over time, Iran has become more serious in negotiations. I am in no rush to reach an agreement with Iran, and will monitor the progress of Iran's negotiations."

According to market data from BIT (bit.com), U.S. stocks closed on Friday. The Dow Jones Industrial Average posted a preliminary gain of 0.46%, the S&P 500 added 0.05%, and the Nasdaq fell 0.64%. Storage-related sectors weakened: SanDisk (SNDK.O) dropped 10.79%, SK Hynix (SKHY.O) fell 8.81%, and Micron Technology (MU.O) declined 6.99%. The Philadelphia Semiconductor Index slid 4.25%, Intel (INTC.O) decreased 7.89%. IBM (IBM.N) rose 3.64%, and Apple (AAPL.O) gained 3.53%.

US President Trump posted, stating that the European Union (EU) has, as always, directly targeted American companies, and such actions will not continue during a Trump administration. “The EU is at it again, and as usual, directly targeting great American companies! After imposing $15 billion in unjustified fines on Apple, $3 billion on Meta, $2.5 billion on Amazon, and penalties on many other firms, we just learned that Google — a truly advanced and amazing company — was hit with another $1 billion fine, with no explanation. This brings Google’s total fines to over $18 billion! This illegal and highly discriminatory practice reached such a high level during the first year of the ‘Sleepy Joe’ (Biden) administration, but this will not continue under a Trump administration. The United States is not Europe’s ‘cash cow,’ and we will not allow it to be! We hereby state that we will immediately launch a Section 301 investigation into this practice of ‘looting’ American companies, which in turn harms American taxpayers. The EU will pay a very high price for this illegal and highly unethical behavior — something I have long warned them against. These fines will be fully revoked, and we expect to impose steep tariffs on them in the shortest possible time.”