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Live markets: What's next as bitcoin re-tests February low for third time
One novel theory floating around social media says it's Iranian sanctions, not Strategy sales, that's behind this week's price crash.
'We have common goals': Israel's Netanyahu speaks after dustup with Trump
Israeli Prime Minister Benjamin Netanyahu said Wednesday that his relationship with U.S. President Donald Trump remains intact despite reports of a tense phone call between the two leaders over Israel’s military actions in Lebanon.
“We have common goals,” Netanyahu told CNBC. “Sometimes we have, as in the best of families, these tactical disagreements where you always find a way to work them out ... We can disagree in the morning, and by the afternoon we have common action.”
Asked directly whether his relationship with Trump had shifted, Netanyahu replied: “No, no. This has been a great relationship.” He called Trump “the greatest friend that Israel has ever had in the White House” and said the two leaders “always find a way to work out our differences.”
The comments come after Trump acknowledged reports that he called Netanyahu “f-ing crazy” during a phone exchange focused on fighting in Lebanon.
Historic run for U.S. stocks about to chalk up another milestone
While bitcoin (BTC) remains engulfed in a daily run of red candles and is down nearly 50% from its all-time high of $126,000 from last October, U.S. stocks are seemingly hitting records on a daily basis.
And today could mark another milestone.
Ryan Detrick, chief market strategist at Carson Group, notes that the S&P 500 could close higher for the 10th consecutive day on Wednesday. How rare is that? Detrick said it hasn't happened since 1995, which was the very early stages of the great stock boom of the late 1990s.
Early in the session, the S&P is lower by 0.4%. Bitcoin is down 2.5% over the past 24 hours at $66,600.
'Unprecedented territory': Google upsizes massive capital raise for AI spend
Google (GOOG) parent Alphabet upsized its previously announced stock sale to $84.75 billion from $80 billion. The equity raise included a $10 billion investment from Berkshire Hathaway.
The money will mostly be used to fund the ever-increasing investment in AI infrastructure and global compute.
"Let’s start by saying this is unprecedented territory, so we all enter it with a degree of humility and caution, and the right balance of focus," Anthony Gutman, co-CEO of Goldman Sachs International, told CNBC. "The Alphabet issuance yesterday augurs well for the pipeline. That was just a record level of issuance on any level."
Surge in AI-linked tokens points to AI boom siphoning capital from bitcoin
Giving credence to the idea that the AI boom is drawing capital away from bitcoin and much of the rest of crypto, AI-linked tokens are sharply higher on Wednesday.
Leading the group was Worldcoin (WLD), the token tied to OpenAI CEO Sam Altman's digital identity project that uses biometric verification to distinguish humans from AI agents. WLD jumped 25% over the past 24 hours and is now up 53% over the past week.
Near Protocol's NEAR token gained another 10%, extending its rally to 135% over the past 30 days. The Near blockchain has increasingly positioned itself as infrastructure for AI applications, focusing on enabling autonomous agents and user-owned AI systems.
Another standout was Venice Token (VVV), the native token of Venice.ai, a decentralized AI platform that provides private, uncensored access to AI models. VVV climbed 14% on the day and has surged 121% over the past month.
The gains come as investors continue piling into AI-related themes across markets, even as broader crypto assets struggle. Earlier this week, K33 Research's Vetle Lunde argued that capital is increasingly rotating toward the AI trade, citing the growing "opportunity cost" of holding bitcoin amid AI-related assets' outperformance.
SpaceX targeting $135 IPO price
Elon Musk's SpaceX is looking to sell 555.6 million shares at a price of $135 each when it goes public next week, according to Reuters.
That would put the capital raise at roughly $75 billion.
A report Tuesday evening said the company was targeting a $1.75 billion valuation.
Among the items on SpaceX's balance sheet are 18,712 bitcoin, worth about $1.25 billion at BTC's current price of $67,000.
Maybe it's Iran, not Saylor
Floating around social media is the idea that it's Iran, not the selling of Michael Saylor's Strategy, that's behind much of this week's price crash.
Last week, Treasury Secretary Scott Bessent announced more than $1 billion of Iranian crypto assets (not bitcoin) had been frozen.
And then yesterday, the U.S. announced sanctions on Nobitex, Iran's largest cryptocurrency exchange, accusing it of helping the Iranian government and others evade their own sanctions via digital asset networks.
"In my opinion, any coins that could be linked to Iran/Islamic Revolutionary Guard (IRGC) have been dumped to avoid possible sanctions (i.e., tainted coins), buy weapons, resources, etc ...," wrote Alistair Milne on X.
"Of course, not only Iran was selling, but it explains the feeling of constant sell pressure even at obvious support levels and it being quite BTC specific," he continued.
Bitcoin (BTC) overnight fell all the way back to $65,300, but has since bounced back to the $67,000 area shortly before the open of U.S. stocks.
A check of the charts shows this is the third time bitcoin has dropped to the mid-$60,000 range since its panicky February 6 bottom.
The previous two "re-tests" of that February 6 bottom — February 24 and March 29 — worked out for the bulls, with prices quickly recovering back above $70,000 and eventually to $83,000 by mid-May.
What happens on this third occasion remains to be seen.
U.S. stock index futures are little changed after another round of record highs on Tuesday. The price of oil and bond yields are both modestly higher.
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The Pre-IPO Perpetuals Category Takes Shape
The Pre-IPO Perpetuals Category Takes Shape
Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%.
May 29, 2026
Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%.
Why it matters:
Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%.