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Bitcoin looks glued to $63,000, with very little volatility in the crypto markets keeping prices stable. This is the ‘depression phase’ of the cycle, a prominent analyst has said.

Space X is reporting earnings after the close today and prediction markets are speculating: what will Elon Musk talk about?

Plus, be the first one to get the latest market-moving news. Benzinga Pro gets news directly from company IR teams and market insiders. This is why 40,000+ traders won't open a position without it. See what's breaking right now, before the crowd does.

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TOP STORY

Bitcoin In The 'Depression Phase': $63,000 Holds Despite Saylor Selling, $100M Hack News

Bitcoin is holding $63,000 despite a perfect storm of bearish headlines—$100 million Coldcard hack, Michael Saylor selling, 20,000+ BTC hitting exchanges, record ETF outflows.

Leading pseudonymous analyst SalsaTekila says the market has entered the depression phase of the cycle.

The thesis: capitulation completed in late June, and the inability to make fresh lows despite every scare signal suggests selling pressure is exhausted.

On-chain data backs the read, but the catch is that miners sold 1,774 BTC worth $112 million last week…

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MARKET MINUTES

Strategy’s CEO Phong Le says the company will outperform Bitcoin in the next bull run since MSTR is ‘the JPMorgan of crypto’.

Elizabeth Warren is pulling out all the stops to go after the TRUMP memecoin: the SEC needs to open an investigation in this ‘illegal scam’, the Senator is now demanding.

AMD is also reporting earnings today and prediction markets are pre speculating: what will Lisa Su say?

FINTECH FOCUS

SpaceX Earnings Prediction Market Preview: What Will Elon Musk Say?

Space X reports its first-ever public earnings after the bell with Polymarket giving just a 34% chance of beating the 23-cent loss consensus on $6.9 billion in revenue.

The real fireworks are on Kalshi, where traders run two boards for Elon Musk's box-office mouth.

"AI" leads at 85% and "Grok" at 84% as Wall Street's top question is compute spend, with $10.2 billion in AI capex expected against just $1.42 billion in Starlink operating profit.

"Data Center" trades at 92% with Colossus contracts from Anthropic, Google, and Reflection AI worth up to $2.3 billion a month at full ramp.

What else will Elon talk about?

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