Is SpaceX stock still a buy after post-IPO plunge?

SpaceX (NASDAQ: SPCX) stock has undergone a sharp reversal just weeks after completing the largest IPO in history, raising questions about whether the pullback presents a buying opportunity or signals further downside.  After debuting at $135 per share in June 2026 and rallying to a post-IPO high of about $226, SpaceX stock has fallen to $124 as of press time.  The decline of roughly 45% from its peak has pushed shares below their IPO price and wiped nearly $1 trillion from the companys market value, reducing its valuation from about $2.6 trillion to $1.6 trillion.  SPCX 30-day stock price chart. Source: FinboldWhy SpaceX stock plunged post-IPO  The sell-off reflects a common post-IPO pattern, with early enthusiasm giving way to profit-taking, insider selling, and valuation concerns.  Additional pressure has come from share unlocks, rising short interest, a recent Starship testing setback, and a broader pullback in speculative technology stocks. Even so, SpaceX remains among the worlds most valuable public companies.  The strongest case for buying SpaceX stock is Starlink, the companys primary revenue and profit driver.  The satellite broadband service now serves more than 10 million users worldwide, generating recurring, high-margin revenue from consumer, enterprise, and government customers, including Starshield contracts.  Notably, SpaceX generated $18.7 billion in revenue in

07-20انڈسٹری

Bitcoin price slips under $64K as Middle East tensions and Chinas Kimi K3 launch rattle markets

Bitcoin price has slipped below $64,000 as renewed US-Iran tensions, volatile oil prices, and a technology-sector sell-off tied to Chinas Kimi K3 launch drove investors away from risk assets.  SummaryBitcoin price fell below $64,000 as Middle East tensions and Kimi K3 rattled risk markets.BTC must reclaim $65,047 to confirm a sustained recovery toward $67,000.A break below $62,708 could expose the $60,000 support and trigger further liquidations.  According to data from crypto.news, Bitcoin (BTC) price fell nearly 2% to $63,785 on Monday before recovering toward $64,000, still down about 1% over the past 24 hours. The Crypto Fear & Greed Index remained in “Fear” territory at 29, while Ether, XRP, BNB, and Dogecoin also posted slight daily losses.  Middle East risks intensified after a projectile set a vessel ablaze in the Strait of Hormuz, forcing its crew to abandon ship before a tugboat rescued them. US strikes also killed one person in Tabriz, while Tehran condemned attacks on the unfinished Darkhovin nuclear facility.  CENTCOM separately reported that a US service member died during the controlled detonation of an unexploded Iranian drone in northern Iraq.  The attacks initially drove crude oil higher as traders assessed the threat to Middle Eastern production and shipping. Brent briefly exceeded $85

07-20انڈسٹری

US Regulators Fail to Meet GENIUS Act Deadline for Stablecoin Regulations

Key HighlightsFederal regulators missed the July 18, 2026 deadline mandated by the GENIUS Act to complete stablecoin regulationsAlthough ten rule proposals were submitted, not a single one reached finalization by the deadlineThe laws implementation date of January 18, 2027 remains unchanged despite the missed regulatory deadlineMultiple federal agencies including OCC, FDIC, Federal Reserve, NCUA and Treasury were tasked with creating rulesAnchorage Digital marked the anniversary by urging lawmakers to advance the CLARITY Act  Federal regulators have failed to meet a critical deadline for implementing the United States groundbreaking stablecoin legislation. A full year after President Donald Trump enacted the GENIUS Act, regulatory agencies have yet to finalize any of the required implementing rules.  JUST IN:  U.S. regulators missed the GENIUS Acts one-year deadline to finalize stablecoin rules  The law still takes effect January 18, 2027 regardless, leaving issuers preparing around rules that could still change. pic.twitter.com/J8ENG4trht  — Coin Bureau (@coinbureau) July 19, 2026  President Trump signed the GENIUS Act into law on July 18, 2025, establishing Americas inaugural federal regulatory structure for payment stablecoins. The comprehensive legislation addresses reserve requirements, redemption protocols, disclosure obligations, licensing procedures and supervisory standards.  The laws Section 13 mandated that relevant regulatory bodies complete their rulemaking processes within twelve months. That statutory

07-20انڈسٹری

USD/JPY Price Forecast: Forms Symmetrical Triangle near multi-decade highs

The Japanese Yen (JPY) trades marginally higher against the US Dollar (USD) during the European trading session on Monday. The USD/JPY pair edges down to near 162.36 as the US Dollar faces pressure, with investors remaining confident that the Federal Reserve (Fed) will leave interest rates unchanged in the monetary policy announcement next week.  During the press time, the US Dollar Index (DXY), which tracks the Greenbacks value against six major currencies, trades slightly lower to near 100.70.  The CME FedWatch tool, the odds of the Fed leaving interest rates unchanged in the July meeting are 85.6%, up from 65.8% recorded last week. Traders have trimmed hawkish Fed expectations after the United States (US) Consumer Price Index (CPI) data release for June, which showed that both headline and core inflation cooled down.  Meanwhile, the Japanese Yen faces pressure against its other currency peers amid escalating geopolitical tensions. Late Sunday, US Central Command (CENTCOM) confirmed that it had concluded a ninth straight night of strikes against Iran, clarifying that the latest aggression was in retaliation for the killing of at least three American service members  USD/JPY technical analysis  USD/JPY trades at 162.36, holding a modest bullish bias as it consolidates near the multi-decade high of 162.84.

07-20انڈسٹری

Hong Kongs HKDAP stablecoin could launch this month

A Hong Kong dollar stablecoin backed by a Standard Chartered-led venture could begin trading as early as July 31, 2026, offering the crypto market a regulated digital currency pegged to something other than the US dollar. The Hong Kong Economic Journal reported that HKDAP is expected to launch before the end of July.  The timing is nothing short of significant. Over the years, stablecoins have developed into a market valued at well over $310 billion, but nearly all of that value is tied up in US dollar-pegged tokens. According to DefiLlama, Tether (USDT) accounts for around 59% of the market while USD Coin (USDC) makes up about 24%. If we consider other stablecoins that are not dollar-based, then you can see that it is a very small segment.  In this context, HKDAP (HKD At Par) is one of the first Hong Kong dollar stablecoins to be issued under the relevant regulatory framework and with the support of an international bank.  Who is issuing HKDAP?  According to reports, Anchorpoint Financial Limited, a joint venture between Standard Chartered Bank (Hong Kong), HKT (a telecommunications company), and Animoca Brands (a Web3 firm), will issue the HKDAP. On April 10, 2026, the Hong Kong Monetary Authority (HKMA) awarded

07-20انڈسٹری

Ethereum Short Sellers Lose $16M in 24-Hour Squeeze

Ethereum News  Ethereum short sellers absorbed the heaviest losses in crypto derivatives over the past 24 hours, as a broad rebound forced bearish bets to unwind across the majors. Market data show roughly $115.7 million in total liquidations, with short positions accounting for about 54 percent, or $62.7 million, against $52.9 million in long liquidations. Nearly 69,424 traders were liquidated over the day, and the single largest forced order was a $1.11 million ETHUSDT position on Binance. While Bitcoin stayed range-bound, Ethereum (ETH) and other altcoins led the squeeze, tilting derivatives sentiment back toward the upside and deepening the pain for anyone positioned short.  The rebound coincided with a technical breakout for Ethereum, which pushed through the $1,820 resistance zone that had capped prior advances. After clearing the level, ETH retested it as support and buyers held, printing around $1,867.98 in the session. Analysts highlight that sustained trade above $1,820 opens the door toward a $2,500 target, framing the move as a shift onto firmer technical footing. Ethereum, the largest smart-contract network hosting decentralized applications, still trades well below its all-time high, a gap bulls cite as room for extended upside if the reclaimed support continues to hold.  On-chain data added a bullish

07-20انڈسٹری

Trump Vows to Keep Bringing Prices Down: Heres What the Inflation Data Shows

Key TakeawaysTrump said oil, gas, eggs and drug prices are falling, as June CPI fell 0.4%, the most since April 2020.Gas averaged $3.86 a gallon, down from a May peak above $4.50, after Trump demanded retailers target $2.50.Egg prices rose 4.3% in June even though they sit 27.9% below year-ago levels, complicating the White House narrative.  The Claim  Trump made the pledge in a post on Truth Social, writing:  We will continue to bring Prices DOWN, just like Oil, Gas, Eggs, and Prescription Drugs, all of which are dropping FAST after the disaster we inherited from Sleepy Joe Biden.  Image source: Truth Social  The message extends a weeks-long pressure campaign because on June 30, the president told U.S. fuel retailers to cut pump prices “immediately,” setting a target of around $2.50 a gallon. Moreover, his administration publicized grocery-chain moves such as Giant Eagles decision to cut prices on more than 300 frequently purchased products by an average of 10% through Labor Day.  What the June Numbers Show  The governments own data gives the claim meaningful, if imperfect, backing. The Consumer Price Index (CPI) fell 0.4% in June on a seasonally adjusted basis, the largest one-month decline since April 2020, according to the Bureau of Labor Statistics. Over

07-20انڈسٹری

Circle (CRCL) Stock Plunges 17.5% Amid Executive Sale and New Stablecoin Rival

Key HighlightsCircles President Heath Tarbert divested $30.77 million in CRCL tokens through 10 separate transactions beginning in June 2025, with zero buy orders recorded.CRCL shares plummeted 17.5% to $62.63, marking a dramatic decline from the post-IPO high of approximately $260.The Open USD stablecoin debuted with support from major players including Visa, Mastercard, Stripe, BlackRock, BNY, and Coinbase, intensifying competitive threats to Circles core business.Mizuho analysts reduced Circle‘s price target to $50, pointing to margin concerns stemming from Open USD’s profit-sharing framework.On July 10, Circle secured OCC authorization to launch Circle National Trust, focused on digital asset custody services.  According to Form 4 regulatory filings dated July 20, 2026, Circles President Heath Tarbert has liquidated $30.77 million in CRCL tokens through 10 separate transactions starting in June 2025. The filings show no corresponding purchase activity during this timeframe.  Circle President Heath Tarbert Sold About $30.8 Million of CRCL Shares Since June 2025  SEC Form 4 filings show that Circle President and former CFTC Chair Heath Tarbert has sold CRCL shares 10 times since June 2025, totaling about $30.77 million. The transactions mainly involved… pic.twitter.com/Rupr1y4eDQ  — Wu Blockchain (@WuBlockchain) July 20, 2026  These divestments coincide with CRCL‘s current trading price hovering around $62.63, representing a substantial retreat

07-20انڈسٹری

Two Main Problems for Bitcoin Named by Billionaire Chamath Palihapitiya

Venture capitalist and early Bitcoin investor Chamath Palihapitiya has identified the two main challenges that Bitcoin and the broader crypto market are facing right now.  First, he argued that “marginal liquidity” is flowing into prediction markets and equities rather than cryptocurrencies.  Second, he claimed that the energy used for Bitcoin mining could generate “10–20x” more value if redirected toward powering AI infrastructure and tokens.  Shiba Inu (SHIB), Solana (SOL), Hyperliquid (HYPE) and XRP Price Analysis for July 20: Fresh Week Without Fresh Liquidity  Ethereum Developer Consensys Denies User Data Was Compromised  “These changes feel structural, but I could be wrong,” he wrote.  It is worth noting that Palihapitiya has long been one of Silicon Valleys most prominent Bitcoin supporters. The billionaire began buying Bitcoin around 2012. Back then, the cryptocurrency was changing hands at roughly $80 per coin.  Pushback from crypto community  His latest comments sparked a heated debate across the crypto community with hundreds of comments on X.  Coinbase CEO Brian Armstrong called the observations “interesting” but argued the first issue is likely temporary. AI‘s growing demand for computing resources could prove more durable, but Bitcoin’s security model is designed to adapt with mining difficulty adjustments.  You Might Also Like  Investor Fred Krueger has argued that speculative capital naturally rotates

07-20انڈسٹری

Standard Chartered backed Anchorpoint set to launch HKDAP stablecoin: report

Standard Chartered-backed Anchorpoint has prepared to launch its Hong Kong dollar stablecoin HKDAP, with a joint announcement expected before the end of July, according to local media.  SummaryStandard Chartered and Anchorpoint are expected to announce the launch of the Hong Kong dollar stablecoin HKDAP within the next two weeks, according to local media.HKDAP received one of Hong Kongs first stablecoin issuer licenses in April and will be backed one to one by Hong Kong dollar reserves.The stablecoin completed a successful Ethereum mainnet transfer test in May ahead of its planned public rollout.  According to local media citing market sources, Standard Chartered Bank (Hong Kong) and Anchorpoint Financial Technology are expected to announce the rollout of HKDAP, a Hong Kong dollar-pegged stablecoin, within the next two weeks.  The report said the launch will come through Anchorpoint, one of the first two companies to receive a stablecoin issuer license from the Hong Kong Monetary Authority (HKMA) in April.  If confirmed, the announcement would move the project from regulatory approval into public issuance after months of technical preparation under Hong Kongs stablecoin framework.  HKDAP moves toward issuance  Anchorpoint is a joint venture backed by Standard Chartered Bank (Hong Kong), HKT and Animoca Brands. When the HKMA granted its first

07-20انڈسٹری
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