SpaceX’s Bitcoin Transfer to Coinbase Sparks Market Speculation

Elon Musk’s aerospace giant, SpaceX, has made waves in the cryptocurrency market by transferring 1,308 BTC (worth approximately $153 million) to an unidentified wallet after a three-year dormancy. This marks the company's first major on-chain activity since June 2022, when it sent 3,505 BTC to Coinbase. The transaction, executed on July 22, 2025, has reignited speculation about SpaceX's crypto strategy and its potential impact on the market. According to blockchain intelligence from Arkham, SpaceX still holds a substantial 6,977 BTC ($818 million), leaving many to wonder about the company's next moves in the digital asset space. This development comes amid market highs, further fueling bullish sentiment among crypto enthusiasts.

SpaceX Moves 1,300 Bitcoin After Three-Year Dormancy Amid Market Highs

Elon Musk’s aerospace company SpaceX has broken a three-year silence in the crypto space, transferring 1,308 BTC worth approximately $153 million to an unidentified wallet. The transaction, executed at 05:09:07 UTC on July 22, 2025, marks the firm’s first major on-chain activity since June 2022, when it sent 3,505 BTC to Coinbase.

Blockchain intelligence from Arkham reveals SpaceX still holds 6,977 BTC ($818 million), maintaining its status as a significant corporate Bitcoin holder. The move coincides with Bitcoin trading at $117,574—just 4.55% below its July 14 all-time high of $123,091—suggesting strategic timing amid the asset’s bullish momentum.

Musk’s influence in crypto continues to grow, with this transaction following his recent unveiling of a new political platform. The transfer underscores institutional confidence in Bitcoin’s long-term value proposition.

Coinbase Adds Three Altcoins to Listing Roadmap

Coinbase has placed BankrCoin (BNKR), Jito Staked SOL (JITOSOL), and Metaplex (MPLX) under review for potential listing. The exchange's roadmap strategy aims to mitigate volatility typically associated with new asset announcements. Listings often materialize within days—sometimes within 24 hours for procedural additions.

JITOSOL maintains parity with Solana's price without sparking notable movement in SOL itself. BNKR's broader exchange adoption remains pending, while MPLX emerges as the primary beneficiary, already exhibiting significant price appreciation following the disclosure.

Coinbase Launches CFTC-Regulated Perpetual Futures for U.S. Retail Traders

Coinbase has rolled out CFTC-approved perpetual futures contracts for U.S. retail traders, offering nano bitcoin (BTC-PERP) and nano Ether (ETH-PERP) with leverage of up to 10x. The contracts are settled in U.S. dollars and trade around the clock, providing a regulated alternative to offshore crypto derivatives platforms.

The new products, launched through Coinbase Financial Markets, adhere to CFTC rules while mimicking traditional perpetuals. Each contract features hourly funding rates and a five-year expiration, balancing long and short positions within regulatory frameworks. Coinbase aims to cement its position as a leading U.S. derivatives exchange amid intensifying competition.