coinsauce (coinsauce)

Here's what happened in the past 24 hours: Elon Musk's SpaceX officially acquired xAI (his AI company behind Grok) in a major all-stock deal announced on February 2, 2026, creating a combined entity valued at $1.25 trillion. This positions it as the world's most valuable private company ahead of a planned blockbuster IPO later in 2026

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Jeffrey Epstein invested $3 million in Coinbase in December 2014 at a reported $400 million valuation. The deal was facilitated by Brock Pierce and his firm Blockchain Capital. Coinbase co founder Fred Ehrsam was aware of Epstein’s involvement and requested a meeting with him. The disclosure highlights how early crypto funding came from a wide range of private investors during Coinbase’s formative years. It also raises questions about early venture capital networks in the crypto industry. Epstein later sold around half of his Coinbase stake back to Blockchain Capital in 2018 for an estimated $11 to $15 million. Attention is now on how early crypto investments were structured and disclosed. Follow @Coinsauce for more smart crypto news.

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Epstein and Bitcoin crossed paths as early as June 2011. A letter found in the Epstein files shows Jeffrey Epstein describing Bitcoin as a brilliant idea while pointing out what he saw as serious shortcomings. According to CryptoQuant founder Ki Young Ju, Epstein’s early awareness highlights how Bitcoin was already on the radar of influential investors long before mainstream adoption. It also shows early skepticism about Bitcoin’s long term viability, even among those who understood the technology. The focus now shifts to how early perceptions of Bitcoin have changed over time. As adoption has grown, past doubts from early observers offer context for how the market and its narratives continue to evolve. Follow @Coinsauce for more smart crypto news.

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Here's what happened in the past 24 hours: Historic Market Collapse Erases Over $12 Trillion Precious metals experienced their worst crash in decades, with gold plummeting 16%, silver down 39%, platinum falling 30%, and palladium dropping 25%. The selloff wiped out more than $9 trillion across metals markets alone, with gold accounting for roughly $6.4 trillion in losses. Equity markets added to the carnage as the S&P 500 fell 1.9% (losing $1.3 trillion), the Nasdaq dropped 3.2% (shedding $1.4 trillion), and the Russell 2000 erased $100 billion. In total, over $12 trillion in value vanished in a single day—more than the combined annual GDP of Germany, Japan, and India. The collapse was triggered by Trump's nomination of Kevin Warsh as Fed Chair, sparking a dollar rally and unwinding heavily crowded bets on continued monetary easing.

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According to Arkham Intelligence, the US government holds around 29.5 billion dollars in crypto assets, mainly seized Bitcoin and other tokens. These holdings are stored across multiple government controlled wallets. At current prices, these wallets are sitting on an unrealized loss of about 11.8 billion dollars from Bitcoin’s all time high. The decline is due to market volatility, not asset sales or security breaches. The market will be watching whether the US government maintains its long term holding strategy or signals changes in how seized crypto assets are managed, especially during periods of high volatility. Follow @Coinsauce for more smart crypto news.

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Strategy added 2,932 Bitcoin for about 264.1 million dollars between January 20 and January 25, paying an average price of 90,061 dollars per coin, according to a filing with the U.S. Securities and Exchange Commission. The purchase brings its total holdings to 712,647 Bitcoin, acquired at an average price of 76,037 dollars and a total cost of roughly 54.2 billion dollars including fees. The position equals around 3.4 percent of Bitcoin’s fixed 21 million supply, making Strategy one of the largest known holders globally. At current market prices, the holdings represent roughly 8.3 billion dollars in unrealized gains. Investors will be watching whether Strategy continues to add Bitcoin amid price fluctuations and how its growing exposure influences corporate adoption and market liquidity. Follow @Coinsauce for more smart crypto news.

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In March 2024, Bitcoin overtook Silver's market cap for the first time.. Today, Silver's market cap is 3.5x larger than Bitcoin.

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