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Tether's first advertising expenditure related to Super PAC went to a company affiliated with its CEO, drawing market attention.

According to disclosed documents, the Tether-affiliated super Odaily Fellowship PAC made its first expenditure before the 2026 U.S. midterm elections, paying approximately $300,000 to Nxum Group, a company co-founded by Bo Hines, for advertising services for Republican candidates. Bo Hines currently heads Tether's US operations and previously served as a digital asset policy advisor in the Trump administration. Jesse Spiro, chairman of the Fellowship PAC, also comes from Tether US. Public records show that Nxum Group was co-founded by Bo Hines and his partners. This transaction comes as the PAC first filed its spending records with the Federal Election Commission (FEC). The PAC had previously announced it would invest up to $100 million to support crypto-friendly candidates, but its current disclosed funds are still close to zero. Under U.S. campaign finance rules, it is not illegal for political committees to pay service fees to related parties, but they must comply with the principle of "fair market price," which has sparked discussions about potential conflicts of interest. Meanwhile, Fellowship PAC has begun targeted advertising and candidate endorsements in the Republican elections, seen as one of the crypto industry's new tools for political influence in the 2026 election cycle, but its funding sources and operational transparency remain questionable. (CoinDesk)
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07-08 07:25Important

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According to BlockBeats, on July 8th, based on BIT (bit.com) market data, SpaceX's performance on its first day of trading on the Nasdaq 100 was poor, closing down 6.83% at $149.47, a new low since its IPO. Space-related stocks in the US generally declined, including: Virgin Galactic (SPCE) down 4.46%; AST SpaceMobile (ASTS) down 7.97%; Rocket Lab (RKLB) down 10.4%; and Redwire (RDW) down 10.12%.

07-08 18:52

Shengshi Technology: Net profit is expected to increase by 336%-461% year-on-year in the first half of the year, with computing power-related businesses contributing significantly to the performance growth.

Mars Finance reported on July 8th that Shengshi Technology announced it expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be between RMB 105 million and RMB 135 million, representing a year-on-year increase of 336.02% to 460.59%. During the reporting period, based on the development prospects of the computing power infrastructure industry and its own advantages, the company vigorously promoted the development of computing power-related businesses, achieving initial results and beginning to recognize revenue. These computing power-related businesses made a significant contribution to the company's performance growth during the reporting period and are becoming a new driving force for the company's performance growth. (Company Announcement)

07-08 17:57

SpaceX's marked address transferred a small amount of BTC for the first time in six months, suspected to be a test transfer.

According to BlockBeats, on July 8th, Arkham monitoring revealed that an address tagged as SpaceX transferred Bitcoin for the first time in six months. Data shows that SpaceX address 15atF initiated a test BTC transaction of approximately $88 to SpaceX address bc1q9, which appears to be a test transfer.

07-08 10:59Important

SpaceX was officially included in the Nasdaq 100 index this week; historical warnings point to post-inclusion volatility. TeraWulf's Q1 HPC leasing revenue surpassed mining's high-margin annualized revenue of $630 million for the first time.

According to ChainCatcher and BBX data, the world's largest IPO completed its index inclusion milestone yesterday, marking a historic turning point in the valuation logic of mining companies' AI transformation. Key developments are as follows: SpaceX, Inc. (NASDAQ: $SPCX) was officially included in the Nasdaq 100 index this week, becoming the first company in history to have its largest single IPO ($75 billion) included in the Nasdaq 100. CoinDesk also issued a historic warning: "The previous two largest additions to the index—Palantir ($PLTR) in December 2024 and Strategy ($MSTR) in early 2025—both experienced a period of decline after inclusion, rather than initiating a new round of growth." Analysts pointed out that passive funds tracking the Nasdaq 100 completed a "forced buy" at the time of inclusion, and without new fundamental catalysts, the stock price often corrects after the technical buying subsides. SpaceX currently faces specific risks including: a net loss of approximately $4.27 billion in Q1 2026 (primarily due to xAI integration expenses), a $2 billion bond issuance plan, and a 3.4% equity dilution from the $60 billion acquisition of Cursor/Anysphere; Morningstar maintains its fair value estimate of $62 per share, implying a downside of approximately 70% from the current market price. For the market holding SpaceX Bitcoin (18,712 coins, approximately $1.2 billion, custodied in Coinbase Prime), Nasdaq 100 inclusion will trigger larger-scale SPCX holdings by passive funds, further narrowing the indirect exposure of traditional index investors to Bitcoin assets. According to the latest analysis, TeraWulf Inc. (NASDAQ: $WULF) reported $21 million in high-performance computing (HPC) leasing revenue in Q1 2026, accounting for approximately 62% of its total revenue of $34 million. This marks the first time TeraWulf has surpassed Bitcoin mining revenue—a historic reversal in revenue structure since its transformation into an AI/HPC infrastructure company. This represents a 117% increase compared to the $9.7 million in HPC revenue in Q4 2025. The company currently has AI/HPC leases totaling over 522 megawatts signed with Core42 and Fluidstack, with an expected annualized high-margin revenue of approximately $630 million. Its energy mix consists of nuclear power and hydropower, with an average electricity cost of approximately $0.035/kWh, among the lowest of its peers in the mining industry. The company is also developing a new campus in Kentucky, adding approximately 480 megawatts of grid connection capacity; analysts have significantly raised their target price range, with Keefe Bruyette & Woods from $23 to $37, and Clear...

07-08 10:16Important

SpaceX shares fell 6.83%, dropping below its opening price on its first day of trading.

PANews reported on July 8th that, according to Jiemian News, SpaceX closed at $149.47 on July 7th (Eastern Time), a sharp drop of 6.83% for the day. The stock price fell as low as $149.09 during the session, marking a new low since its Nasdaq listing on June 12th and falling below its opening price of $150 on its first day of trading, though still above its IPO price of $135. This occurred on the same day as the stock's official inclusion in the Nasdaq 100 index, which should have been a positive window for passive capital inflows. However, the stock price moved in the opposite direction, compounded by a broader market correction in tech stocks, pushing the stock into a deep correction phase.

07-08 09:40

SpaceX AI and Cursor plan to launch their first jointly developed AI model as early as Wednesday.

PANews reported on July 8th that, according to Reuters citing The Information, SpaceX AI and Cursor plan to launch their first jointly developed AI model as early as Wednesday. The report stated that the model was originally scheduled for release earlier this week but was delayed due to efficiency optimizations. The new model is expected to have rapid information processing capabilities and, in some aspects, compete with Anthropic's Opus 4.8 and OpenAI's GPT 5.5. In June, SpaceX announced its acquisition of Anysphere, the company behind the AI ​​programming assistant Cursor, in a $60 billion all-stock transaction to strengthen its position in the AI ​​tools market. SpaceX (formerly xAI) was acquired by SpaceX in February of this year, and SpaceX officially joined the Nasdaq 100 index this Tuesday.