Elon Musk's Tesla just released its quarterly earnings report,
According to the report, the electric vehicle manufacturer hasn’t sold any of its Bitcoin holdings.
Tesla currently holds $640.86 million in BTC.
The company’s revenue also beat expectations – it registered $25.5 billion during the quarter (LSEG forecasted $24.77 billion).
Earnings per share however were disappointing – the report reveals $0.52 per shares (LSEG forecasted. $0.62)
At the time of writing, Bitcoin is trading at $65,750 after a 3.65% price decline in the past 24 hours and has a trading volume of around $36 billion.
While Tesla continues to lead the U.S. electric vehicle market by a significant margin, it is facing increased competition and losing market share.
This shift is partly attributed to its aging range of sedans and SUVs, as well as the effects of CEO Elon Musk’s controversial and politically charged statements on some of its more progressive customers.
Anchorage Digital, a federally chartered crypto custody bank, is urging its institutional clients to move away from major stablecoins like USDC, Agora USD (AUSD), and Usual USD (USD0), recommending instead a shift to the Global Dollar (USDG) — a stablecoin issued by Paxos and backed by a consortium that includes Anchorage itself.
Ethereum co-founder Vitalik Buterin has voiced concerns over the rise of zero-knowledge (ZK) digital identity projects, specifically warning that systems like World — formerly Worldcoin and backed by OpenAI’s Sam Altman — could undermine pseudonymity in the digital world.
A new report by the European Central Bank (ECB) reveals that digital payment methods continue to gain ground across the euro area, though cash remains a vital part of the consumer payment landscape — particularly for small-value transactions and person-to-person (P2P) payments.
Geopolitical conflict rattles markets, but history shows panic selling crypto in response is usually the wrong move.