SpaceX-Linked Bitcoin Wallet Moves BTC
SpaceX (SPCX) apparently moved bitcoin BTC$62,209.82 across its wallets early Wednesday for the first time in about six months in three transfers totaling less than $300 of its $1.16 billion holding that don’t signal any impending sales.
On-chain shows the largest transfer across addresses tagged as belonging to the company moved 0.00213 BTC, about $135, between two wallets. A second sent 0.00139 BTC, or about $89.
In the third, Coinbase Prime’s custody service topped up a SpaceX address with 0.000738 BTC, around $47, the kind of small amount an exchange sends to cover network fees before a larger transaction can go through.
LAB Token Collapses 85% to $2, the Crash ZachXBT Warned About for Months
The LAB token recently collapsed 85% in a single day, crashing from $14 to under $2 and wiping out billions in nominal value. This dramatic implosion vindicates on-chain investigator ZachXBT, who spent months warning that insiders controlled over 95% of the supply to orchestrate extreme price manipulation.
ZachXBT directed heavy criticism toward major centralized exchanges like Binance, Bitget, and Gate for failing to intervene or freeze manipulative accounts. The crash highlights a damaging 2026 trend where low-float, high-valuation tokens secure major listings to lure retail investors, allowing insiders to exit into that liquidity right before a total collapse.
Bitcoin Dips Below $62K After Trump Ends Iran MoU
Bitcoin tumbled below $62,000 on Wednesday as renewed geopolitical uncertainty rattled risk assets following President Donald Trump’s announcement regarding the U.S.-Iran Memorandum of Understanding (MoU).
The cryptocurrency, which had traded near $64,000 earlier in the session, dropped more than 3% amid broader market selling. Traders cited Trump’s declaration that the MoU with Iran “is over” as a key trigger, reigniting fears of escalated tensions in the Middle East. Oil prices surged in response, with Brent crude climbing as investors priced in potential supply disruptions, while Bitcoin and other risk assets faced heavy liquidation.
The move highlighted crypto’s continued sensitivity to geopolitical headlines, even as the asset has shown resilience in recent months. Bitcoin stabilized around the $62,000 level early in the session, with support eyed near $60,000. Market participants are now watching for any follow-up statements from the White House or Iranian officials that could clarify the trajectory of U.S.-Iran relations.
