CZ vs. Elon Musk: The SPCX Drama
Elon Musk trolled the Binance hack with fire and laughing emojis; CZ publicly asked him to stop, reminding Elon that Binance's $500M investment in the Twitter takeover is now worth over $1B. Crypto Twitter is having a field day with the comedy.
What we know
CZ publicly told Elon 'bad time to troll' and pointed to Binance's SPCX stake (from a $500M investment in the Twitter takeover) now worth >$1B, asking for 'a little support.' an account on X immediately joked that 'dumping SPCX to refund users would be peak comedy.' another account on X summarized the scene as 'Elon trolling a multibillion dollar hack and CZ threatening to full stack dump his shares that helped him buy X.' another account on X notes the $6.3B hack is only ~2.6% of CZ's $114B net worth. CoinDesk covered the exchange as a formal news story.
How the story developed
Elon Musk trolled the Binance hack with fire and laughing emojis; CZ publicly asked him to stop, reminding Elon that Binance's $500M investment in the Twitter takeover is now worth over $1B. Crypto Twitter is having a field day with the comedy.
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BNB Chain's Jenner hardfork went live on testnet with a Payment Lane, millisecond timestamps, and a new Compliant Asset Standard, while crypto Twitter discussed a broader Trump-Binance-UAE stablecoin arrangement.
Anthropic's upcoming IPO is generating major market attention, with a $63B chip-leasing debt deal involving Broadcom and Wall Street banks, while Amazon moves to reduce its Anthropic dependency and analysts take a wait-and-see stance.
Trump unleashed a lengthy Truth Social attack on Bill Maher just 10 days after hosting him for a 4-hour White House dinner, calling him a 'COMPLETE AND TOTAL LOSER,' drawing bipartisan mockery across multiple feeds.
Trump says Ukraine war talks are imminent, and the US House Speaker says the country is on the 'verge' of trilateral negotiations to end the conflict.
Elon Musk confirmed Ukraine used Starlink for offensive drone strikes in violation of ToS, saying SpaceX closed the loophole last week, while Starshield remains under US government control.
Ukraine was revealed to have hacked Starlink terminals to bypass a GPS-based speed cutoff, while Elon Musk's framing of the war as elite enrichment at soldiers' expense gained bipartisan amplification from Rep. Thomas Massie.
Tesla confirmed it held its entire 11,509 BTC (~$970M) position. A whale deposited 4,000 BTC ($327M) to Binance and Deribit in 5 hours, raising near-term sell pressure concerns.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.