GM. SpaceX moved $95 million in Bitcoin this week, its ninth major transfer of 2025, as the company consolidates wallets and prepares for a $1.5 trillion IPO.

Meanwhile, Kalshi wins court relief in Connecticut, Superstate enables onchain capital raises, and Binance’s Yi He recovers from a WeChat hack.

Here are the stories influencing crypto in the last 24 hours. 👇

Musk's SpaceX Transfers $95 Million in Bitcoin Ahead of IPO

SpaceX moved 1,021 BTC worth $94.5 million on Wednesday, marking its ninth major Bitcoin transfer of 2025, according to Arkham. Analysts said the transactions likely reflect ongoing wallet consolidation as the firm migrates older Bitcoin addresses to newer SegWit and Taproot formats.

The company has now relocated roughly 8,910 BTC, or $924 million, this year through Coinbase Prime, consolidating holdings across several institutional-grade wallets. Arkham data shows SpaceX currently holds about 3,991 BTC, though the figure may exclude recently reorganized assets still under the company’s control.

Tesla, which sold most of its Bitcoin during the 2022 market crash, retains 11,509 BTC valued at $1.24 billion. Musk confirmed both Tesla and SpaceX’s exposure to Bitcoin in 2021, noting that the holdings were part of a broader long-term crypto strategy.

The renewed onchain activity coincides with reports that SpaceX plans to go public in 2026, targeting a $1.5 trillion valuation. Bloomberg said the company aims to raise over $30 billion in what could become the largest IPO in history.

Kalshi Wins Temporary Relief in Connecticut Lawsuit

A federal judge has granted Kalshi temporary relief from Connecticut regulators pursuing enforcement over alleged illegal gambling activities. US District Judge Vernon Oliver ordered the Department of Consumer Protection to suspend actions while reviewing Kalshi’s request for preliminary relief. The platform argues its event-based contracts are federally regulated derivatives under the CFTC’s oversight.

Kalshi maintains its designation as a CFTC-regulated exchange exempts it from Connecticut’s gambling laws under federal preemption principles. The court set deadlines requiring Connecticut’s response by Jan. 9 and additional filings from Kalshi by Jan. 30. Oral arguments are expected in mid-February as similar disputes unfold across states including Arizona, Illinois, and Ohio.

Superstate Enables Onchain Capital Raises for Public Firms

Financial technology firm Superstate has launched Direct Issuance Programs that let SEC-registered companies raise capital directly onchain. The initiative allows issuers to sell new shares on Ethereum and Solana using stablecoins, delivering instant settlement and compliance. Co-founder Jim Hiltner said the framework expands operational efficiency by merging traditional securities law with blockchain-based market infrastructure.

The platform uses an SEC-registered transfer agent to automatically update shareholder registries as tokenized shares move between verified wallets. Early participants include SharpLink Gaming and Galaxy Digital, both preparing tokenized stock offerings on Solana. Superstate expects the first onchain public offerings to debut in 2026 amid rising demand for regulated real-world asset tokenization.

Binance Co-CEO Yi He’s WeChat Account Hacked

Binance co-founder and co-CEO Yi He revealed her WeChat account was hijacked after an old SIM was reclaimed. The breach allowed attackers to promote a fraudulent token named Mubarakah, generating $55,000 in illicit profit before detection. Binance said it worked closely with WeChat’s security team to restore full access to Yi He’s account.

Security firm SlowMist later explained how inactive SIM-linked accounts can be exploited through credential stuffing and targeted social engineering. The firm advised users to rotate passwords regularly and avoid adding unknown contacts on messaging platforms. The incident follows earlier WeChat compromises targeting Tron founder Justin Sun and Binance founder Changpeng Zhao.

Data of the day

The Blockchain Gaming Alliance’s 2025 report found stablecoins now rank among the top three growth catalysts for Web3 gaming. Developers cited polished gameplay, sustainable revenue, and frictionless payments as priorities replacing token speculation and play-to-earn mechanics. BGA Co-President Sebastien Borget said the data reflects a more disciplined industry focused on long-term user engagement.

Stablecoin adoption in gaming rose to 27.3% as builders emphasize smooth, fiat-like transaction experiences for players worldwide. Reliance on major Web2 publishers dropped sharply, with only 17.2% of respondents viewing them as growth leaders. Regulatory progress under the US GENIUS Act and Europe’s MiCA framework is reinforcing confidence in stablecoin-based game economies.

More breaking news

• Hundreds of dormant Silk Road wallets suddenly transferred $3.14 million in Bitcoin after ten years, puzzling analysts as remaining holdings exceed $41 million.

• Ethereum ETFs saw six-week record inflows of $177.6 million, signaling institutional rotation beyond Bitcoin as crypto exposure broadens across major US wirehouses.

• The American Federation of Teachers warned senators that the crypto market structure bill could endanger pensions by exposing retirement funds to volatile digital assets.

• American Bitcoin, led by Eric Trump, added $38 million in Bitcoin, growing its treasury to 4,783 BTC and strengthening its Nasdaq-listed mining strategy.

• Zcash founder Zooko Wilcox joined Cypherpunk Technologies as an advisor, boosting both ZEC and company shares as privacy coins regain investor momentum.

• Michael Saylor urged Middle Eastern banks to adopt Bitcoin-backed lending and savings products, calling it a $200 trillion opportunity for global financial dominance.

For the latest updates on digital asset markets, follow us on X @Datawalletcom.

Need help?

Contact our support team for any assistance you are looking for.