Sidhartha Shukla on Muck Rack

Sidhartha Shukla

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Mumbai
As seen in: Bloomberg News, MSN, MSN Brasil, UOL, Bloomberg Green Daily, ET BFSI, ETCISO, ETTelecom, MSN España, MSN India, MSN Philippines and
Crypto Market Reporter @crypto / @business | Ex-ET Prime, The Ken, Moneycontrol | *Views are my own* 📩: sshukla113 at bloomberg dot net

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Articles

SpaceX IPO stress tests crypto's bid to reinvent stocks

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By Sidhartha Shukla Verified
| Keene Sentinel Verified
For years, crypto firms have argued that blockchain technology could create markets for private companies long before they reach Wall Street. SpaceX provided the industry's biggest test yet. The results were mixed. Ahead of the largest IPO in history, perpetual futures tied to Elon Musk's rocket company gave traders a live - and ultimately accurate - gauge of investor sentiment days before the Nasdaq opened, largely converging on where the stock would ultimately trade.
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Bitcoin cae hacia los US$60.000 por temores sobre Strategy y tasas de interés más altas

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By Sidhartha Shukla Verified, Muyao Shen Verified
| Bloomberg Línea Verified
Bloomberg — El bitcoin prolongó su descenso y volvió a caer hacia el nivel de los US$60.000. Esta baja está siendo impulsada por los crecientes temores en torno al desmoronamiento del mecanismo de financiamiento de Strategy Inc., sumados al miedo a un alza de las tasas de interés que está mermando la demanda de los activos de mayor riesgo. La criptomoneda más grande cayó por debajo de ese umbral hace dos semanas por primera vez desde finales de 2024.
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Bitcoin falls back toward $60 000 on Strategy shares

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By Sidhartha Shukla Verified, Muyao Shen Verified
| Moneyweb Verified
Bitcoin extended its slide back toward the $60 000 level. The decline is driven by mounting concerns over the unraveling of Strategy’s funding mechanism, alongside rate-hike fears that are dampening demand for riskier assets. The largest cryptocurrency had dropped below that threshold two weeks ago for the first time since late 2024. The token — down as much as 3.4% to $62 184 on Thursday — has lost around 50% of its value since reaching a record high in October of that year.
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