financeThursday, June 25, 2026
The global tech selloff claimed its biggest scalp today: Elon Musk dropped back below a trillion dollars less than two weeks after SpaceX's debut pushed him over. Meanwhile, prediction market Kalshi is seeking a $40 billion valuation, and a fresh technical pattern on Strategy's MSTR stock is flashing dot-com-era warnings.
The selloff that started with AI stocks is now hitting the wealthiest names in tech.
Elon Musk's trillionaire status lasted less than two weeks. SpaceX's public debut briefly pushed him past $1 trillion, but the global tech rout erased those gains, dropping his fortune to $957 billion.
Wall Street is nervous about a potential selloff when SpaceX's lock-up period ends. The fear is that early investors will cash out, leaving long-term holders with depreciating stock.
Bitcoin is testing its institutional adoption story, while Kalshi and Strategy offer contrasting signals.
Bitcoin fell to a 20-month low near $59,000, testing whether institutional adoption via spot ETFs was ever real. With $5.4 billion in ETF outflows, the narrative is under serious pressure.
Kalshi is reportedly raising new funding at a $40 billion valuation, nearly doubling its May 2025 valuation. The prediction market platform closed a $1 billion Series F earlier this year.
Strategy's MSTR stock is showing a head-and-shoulders pattern that preceded a 99% plunge during the dot-com bust. The pattern suggests up to 80% downside, and the company's cash reserve has dropped 38%.
JPMorgan's massive buyback contrasts with a UK crackdown on payday loans and a ProPublica deep dive into billionaire tax avoidance.
JPMorgan announced a $50 billion buyback and a 10% dividend increase after the Fed's stress test confirmed all 32 major banks are well capitalized. The buyback starts July 1.
An FOI request reveals the Australian government is reviewing small amount credit contracts (payday loans), focusing on protected earnings amounts and default fees.
ProPublica summarizes a year-long investigation into how billionaires like Musk, Buffett, and Bezos use sophisticated tax-avoidance strategies largely unavailable to average taxpayers.
Why did MemeCore's M token suddenly plunge 80%?www.coindesk.com
Peer To Peer Lending Market Research Report - Forecast Till 2035www.marketresearchfuture.com
Payroll Outsourcing Market Research Report - Forecast till 2035www.marketresearchfuture.com
Which No-Fee Chase Business Credit Card Is Best? (New $1,000 Welcome Offers)www.pointswithacrew.com
Stock Market Today: Dow Jones, S&P 500 Futures Gain As Trump Targets Energy Firms Overcharging At The Pumwww.benzinga.com
New First Time Buyer ISA confirmed and it will replace Lifetime ISAwww.mirror.co.ukDWF Labs Says $31 Billion in RWAs Is Onchain but Less Than 10% Is Active in DeFinews.bitcoin.com
DWF Labs Research reports that over $31 billion in real-world assets (RWAs) have been tokenized on blockchains, but less than 10% (~$3 billion) is actively used in DeFi. The report argues that the next phase of tokenization will be won by platforms that make these assets liquid,
Former House Majority Leader Eric Cantorobd2reader.store
Former House Majority Leader Eric Cantor, now vice chairman of investment bank Moelis & Company, told CNBC that despite the Trump administration's combative stance toward trading partners, Asian investors continue to seek exposure to the U.S. Cantor noted that countries across So
Cerebras Grew 92% - Investors Saw the Margins and Soldawesomeagents.ai
Cerebras reported strong Q1 2025 revenue growth of 92%, beating analyst estimates by 7%, following its record-breaking semiconductor IPO that raised $6.4 billion. However, a dramatic margin guidance cut during its first earnings report as a public company caused shares to drop 20
South Korean chip shares surge after Micron flags strong AI-related demandwww.channelnewsasia.com
South Korean semiconductor stocks, led by SK Hynix and Samsung Electronics, surged after U.S. chipmaker Micron Technology reported better-than-expected quarterly results and forecasts, reinforcing optimism about sustained AI-driven demand for memory chips. SK Hynix shares rose up
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