ARK Invest CEO Cathie Wood says orbital data centers could take SpaceX revenue 10 to 20 times higher than existing models.

Orbital Data Centers The Game Changer

Wood explained that ARK’s preliminary work on orbital data centers suggests this business line could dwarf current SpaceX revenue projections by orders of magnitude.

“We have not added data centers, orbital data centers in,” Wood told Bloomberg. 

“However, our preliminary work suggests that that part of the business could take SpaceX from a revenue generation point of view, orders of magnitude higher. Ten, 20 times higher,” she added.

Elon Musk’s experience in Memphis, Tennessee, and Mississippi informed the orbital data…

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Dogecoin (CRYPTO: DOGE) climbed around 14% over the past month, but traders are warning the move may still be a short-term recovery rally rather than the start of a full bull run.

Analysts Eye Major Resistance Ahead

Crypto analyst Kevin said Dogecoin’s rebound looks more like a countertrend rally inside a broader uncertain market structure.

He flagged major resistance between 11.7 cents and 12.5 cents, where key Fibonacci levels and the daily 200 EMA/SMA converge. Another heavier resistance zone sits between 13.6 cents and 15.9 cents.

Kevin noted momentum and money flow indicators have improved sharply, but DOGE’s RSI is now heavily overbought, increasing the risk of a near-term pullback.

The…

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Shares of the crypto exchange fell about 5% in premarket trading on Friday after a surprise first-quarter loss and missed Wall Street estimates on revenue.

‘Something’s Always Up, Something’s Down’

Executives spent much of the earnings call emphasizing newer businesses that they say can reduce the company’s dependence on volatile crypto trading cycles.

“Something’s always up, something’s down … that’s the nature of trading, so it’s important we’re diversifying,” Chief Executive Brian Armstrong said on the call.

Coinbase said prediction markets — launched in partnership with Kalshi earlier this year — reached an annualized revenue run rate of $100 million in March, just two…

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Anthony Pompliano declared most of the crypto industry is dead and never coming back after spending one day at the Consensus Miami conference, sparking fierce debate across the sector.

Ghost Chains And Zombie Coins Dominate The Landscape

Pompliano explained in a podcast update that the natural business cycle doesn’t play out in crypto.

In traditional industries, failed companies shut down, and investors reallocate capital elsewhere. But blockchains almost never shut down and coins almost never go to zero.

One or two people can keep “ghost chains” running and create the illusion that the blockchain is still alive and in use.

Meanwhile, “zombie coins” lose most of their value and…

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“If It Involves Money, It Will Involve Crypto”

In an X post published May 8, Armstrong said the on-chain economy has reached “escape velocity” as crypto infrastructure increasingly moves into mainstream finance.

He argued crypto represents a superior form of money and said future financial activity will increasingly run on blockchain rails.

Several growth metrics support Coinbase’s positioning, such as record spot and derivatives market share, rapid stablecoin growth on Base, rising USDC adoption, dominance in agentic stablecoin transactions and 12 consecutive quarters of customers increasing holdings on Coinbase

The comments come as Coinbase continues expanding beyond exchange trading into…

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Bitcoin is trading around $80,000 as Middle East tensions escalate and ETFs reverse course with significant outflows, breaking five consecutive days of heavy inflows.

Bitcoin ETFs saw $277.5 million in net outflows on Thursday, while Ethereum ETFs reported $103.5 million in net outflows.    

Meme coin market capitalization is trading 1.4% lower to $38.9 billion over the past 24 hours.

Trader Commentary: 

Trader Michael van de Poppe said Bitcoin’s short-to-long-term realized value ratio is flashing signals similar to past market bottoms in 2022, 2018 and 2014, suggesting the bear market may be nearing its end.

Cryptic Trades noted Ethereum breaking below its daily Bull Market Support Band…

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Bernie Sanders Says Trump And His Family Made $4 Billion Off The Presidency, While Elizabeth Warren Slams Weak Crypto Regulation That ‘Isn’t Worth The Paper It’s Written On’

On Thursday, Sen. Bernie Sanders (I-Vt.) and Sen. Elizabeth Warren (D-Mass.) intensified criticism of President Donald Trump’s family business dealings, accusing them of leveraging crypto ventures and political influence for billions in personal gains.

Warren, Sanders Target Trump Family’s Crypto Profits

Warren slammed Trump-linked crypto activity in a post on X, arguing that legislation failing to address presidential profiteering “isn’t worth the paper it’s written on.”

“The Trump family crypto project quietly…

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Coinbase Global (NASDAQ:COIN) reported first-quarter financial results Thursday after market close.

Here are the highlights.

Coinbase Q1 Financials

Coinbase reported first-quarter revenue of $1.41 billion, down 31% year-over-year. The revenue total missed a Street consensus estimate of $1.53 billion, according to data from Benzinga Pro.

Transaction revenue was $756 million in the first quarter, down 40% year-over-year. Subscription and Services revenue was $584 million in the quarter, down 14% year-over-year.

The company reported an adjusted loss of 17 cents per share, missing a Street consensus estimate of 29 cents per share.

Prediction markets are called out by the company as one of the…

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Bitcoin slipped to $80,000 as bulls look for new buyers to step in to extend the relief rally.

Notable Statistics:

Coinglass data shows 109,319 traders were liquidated in the past 24 hours for $358.60 million.       

SoSoValue data shows net inflows of $46.3 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $11.6 million.

In the past 24 hours, top gainers include siren, Venice Token and World Liberty Financial.

Notable Developments:

Trader Notes:

Trader Dan Gambardello said Bitcoin’s five-year rising wedge may appear bearish, but the pattern has historically failed often, leaving room for a breakout to new all-time highs. Improving global…

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