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Elon Musk’s personal net worth has declined $150 billion since the abrupt and very public end to his working relationship with President Donald Trump, reports Bloomberg. On December 17, in the midst of Trump’s post-election run-up, Musk’s net worth hit an all-time high of $486 billion. Today, he’s worth $335 billion. Despite a few months working side-by-side with Trump and his administration, their working relationship fell apart this week — sending Musk’s net worth plummeting. Disenchanted with the effectiveness of Musk’s Department of Government Efficiency (DOGE) that the Tesla and SpaceX supremo once claimed would save American taxpayers $2 trillion , he has left Trump’s administration entirely. Even DOGE, the crypto asset that counts Musk as its most influential champion, is down 75% from its December 2024 high. Over the last few days, Musk has called for Congressional votes against Trump’s $2.4 trillion One Big Beautiful Bill, calling it...

The venture capitalist Arthur Cheong is calling attention to one decentralized exchange (DEX) altcoin he thinks is primed for a bullish trajectory. The DeFiance Capital CEO, citing data from the analytics firm Nansen, points out to his 180,800 followers on the social media platform X that Coinbase Ventures has been heavily investing in Aerodrome Finance (AERO). “Coinbase Ventures historically do six-figure venture deals and seldom went beyond $1 million investments until recently. And now we have the largest-ever investment made on a liquid token (>$20 million) bought from the open market like every other market participant. Think about why they are so bullish and still buying more.” Source: Arthur Cheong/X Aerodrome Finance is a trading and liquidity marketplace on Base, Coinbase’s Ethereum (ETH) layer-2 scaling solution. The project is a fork of Velodrome, a trading and liquidity marketplace originally launched on Optimism (OP), another Ethereum ...

After what possibly seemed like an eternity for the folks at Ripple and traders of XRP – the token that was at the center of the blockchain company’s years-long courtroom standoff with the United States Securities and Exchange Commission (SEC), the wait is finally over. Indeed, District Judge Analisa Torres has issued a final judgment in the Ripple v. SEC case, ordering Ripple to pay $125 million penalty for the institutional XRP sales, according to the documents shared by defense attorney and popular commentator on the case, James K. Filan, in X posts on August 7. #XRPCommunity #SECGov v. #Ripple #XRP BREAKING: Judge Torres has issued the Final Judgment in SEC v. Ripple.https://t.co/wAYc8A3AbE — James K. Filan (@FilanLaw) August 7, 2024 Ripple’s institutional sales penalty – fragment of SEC’s demands As it happens, this penalty is much lower than the whopping $2 billion in disgorgement demanded by the regulator, which many in the ...