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SpaceX's Bitcoin holdings shrank by around $235 million in three months, facing ongoing disclosure pressure post-IPO

2 hours ago

March 2 — SpaceX is set to file a confidential IPO application with the U.S. SEC as early as this March, targeting a public listing in June. The company’s valuation is expected to exceed $1.75 trillion, with a maximum fundraising target of up to $50 billion—potentially breaking Saudi Aramco’s 2019 IPO record of $29 billion. On-chain data shows SpaceX currently holds approximately 8,285 Bitcoin via Coinbase Prime, with a current market value of around $545 million. That’s down roughly $235 million from its book value three months ago, when Bitcoin traded at ~$92,500 and the holdings were worth ~$780 million. If listed successfully, SpaceX will disclose Bitcoin-related gains or losses in its S-1 filing and subsequent financial reports, facing similar crypto volatility and public scrutiny as Tesla. Historical data indicates SpaceX’s Bitcoin holdings have dropped sharply since nearing a $2 billion market value in 2021. Over the past two years, their value has fluctuated between ~$400 million and ~$800 million, with no major signs of divestment during that period.
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X Product Manager Clarifies That "Paid Partnership" Tag Is Not Targeting Prediction Markets, but Enhancing Business Content Disclosure Mechanism

On March 2, X’s Product Lead and Solana Advisor Nikita Bier clarified details about the platform’s newly announced “Paid Partnership” tag feature—an update that has drawn community attention. Bier stressed the tag is **not targeted at prediction markets**; it’s designed exclusively to label commercial promotional content. X’s core value, he noted, lies in delivering the “real human pulse.” While the platform encourages creators to pursue commercial partnerships on X, undisclosed promotional posts would erode product integrity and weaken user trust in content. The new feature will help creators meet regulatory compliance requirements and, crucially, boost transparency with fans by clearly separating commercial partnerships from organic content. He added pointedly: “I like prediction markets.”

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Analysis: Bitcoin Technical Indicator Shows Death Cross, Signaled 'Market's Last Dip' in Previous Cycles

On March 2nd, analyst @alicharts noted that a death cross of Bitcoin’s 50-day and 200-day Simple Moving Averages (SMAs) on the 3-day candlestick chart occurred on February 27th — a signal that has historically foreshadowed the final drop in Bitcoin’s bear market cycles. Citing historical data dating back to 2014, the article points out that Bitcoin has typically seen a roughly 50% decline following this indicator’s appearance in each bear market cycle.

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BTC's Top Whale Position on Hyperliquid Places Bearish Bet as Bitcoin Drops to $55,000

On-chain analyst Ai Auntie (@ai_9684xtpa) noted on March 2nd that user folhas99 has held a 40x leveraged BTC short position since February 28th—when the market was trending downward. Currently holding 750 BTC (valued at ~$49.63 million), this is the top BTC position on Hyperliquid. Key details: - Entry price: $64,534 - Liquidation price: $70,730 - Unrealized loss to date: $1.187 million The user has set a limit sell order at $55,000, targeting profit if BTC drops another ~$11,000.

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AWS UAE North (UAE North (Dubai)) data center hit by object, causing fire, leading to partial cloud service connectivity disruption

Amazon Web Services (AWS) announced on March 2nd that a data center in the United Arab Emirates (UAE) caught fire around 4:30 a.m. local time on March 1st. The blaze was sparked by a foreign object striking the facility, and it impacted the Availability Zone (AZ) with the code name mec1-az2. To support local fire departments in extinguishing the fire, the facility has been powered down. AWS noted that connectivity to the affected zone is expected to be restored within several hours. All other Availability Zones in the UAE remain operational.

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Trump Claims All Iran Leadership Candidates He Considering Have Died

March 2 (Xinhua) — ABC News reports that former President Donald Trump claimed all candidates he considered for Iranian leadership are now dead.

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Affected by "US Precision Strike on Iran," Peter Thiel's Palantir Soars Over 4% Overnight

March 2: Over the weekend, the U.S. and Israel carried out a joint strike on Iran that killed Supreme Leader Ayatollah Ali Khamenei. Per data from Bitget, Palantir Technologies—Peter Thiel’s defense data analytics firm—saw its stock surge more than 4% overnight following the news, reflecting investor safe-haven demand for defense stocks. BlockBeats’ in-depth reporting arm BeatInsight previously published an article titled “Mass Producing Palantir: 58-Year-Old Peter Thiel Aims to Profit from War,” linked here: https://mp.weixin.qq.com/s/5q1X4rInsWGAf3xvkH6SdA

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