Visa is processing roughly 90% of on-chain crypto card payments as total crypto card spending reached a record $7.8 billion. Monthly crypto card volume has risen 230% since May 2025, helped by card-based spending of stablecoins held in self-custody wallets. Visa's spending through Jupiter Global climbed 648% over the past two months, while central banks and financial firms also tested blockchain settlement rails via Project Agorá.

Elon Musk has discussed internally a potential merger between SpaceX and Tesla (TSLA), as SpaceX prepares for a Nasdaq listing in a little over two weeks after reaching a $1.25 trillion private valuation. Tesla is valued at about $1.6 trillion, and the companies already share board links, personnel, and procurement ties that include battery and vehicle purchases tied to AI data-center buildouts.

On Tuesday, the S&P 500 notched a new intraday high at 7,539.8, with the index trading up 0.5% and remaining on track for a nine-week winning streak for the first time since 2023. The Nasdaq Composite also reached an intraday record as chip-linked names surged, while the Dow Jones Industrial Average fell 216 points, or 0.4%. Markets also weighed U.S.-Iran headlines after comments from President Donald Trump on Monday and U.S. strikes described as "self-defense" early Tuesday.

Wall Street banks are privately urging the Federal Reserve to give its lighter supervision approach stronger legal support so it can withstand future political shifts, including a possible Democratic administration. The push comes as the Fed reduces reliance on Matters Requiring Attention (MRAs), scales back bank exams, and considers changes to its confidential ratings process. Vice Chair for Supervision Michelle Bowman has also said she plans to cut supervision and regulation staff by about 30%.

On-chain investigator ZachXBT said two contracts tied to European stablecoin issuer StablR may have been drained in a live exploit worth about ~$10M, pushing EURR and USDR more than 20% below their pegs. He identified the main wallet address and listed seven additional addresses he linked to the incident. Roughly two hours after his first alert, he said he helped freeze a six-figure amount while the exploit was still ongoing.

Nvidia (NASDAQ: NVDA) posted an earnings beat, but the stock moved lower immediately afterward, with revenue up 85% and shares falling 2.3% in after-hours trading. The decline later narrowed, yet the stock was still down around 2% at press time, as investors weighed elevated expectations, crowded AI positioning, and questions about how fast growth can continue.

Goldman Sachs is slated to take the lead role on SpaceX's IPO filing expected Wednesday, continuing its long-standing involvement in Elon Musk's major public-market transactions. The bank previously led Tesla's 2010 IPO, multiple follow-on equity raises totaling about $2.2 billion, and several debt deals, while retail access ahead of a listing is mainly limited to the ARK Venture Fund with quarterly liquidity and fees as high as 3.49% annually.

Iran’s largest crypto exchange Nobitex processed at least $2.3 billion on Tron and BNB Chain since January 1, 2023. The activity continued after February when Trump’s war began, including at least $22.6 million on BNB Chain and at least $550,000 on Tron. World Liberty Financial said it has no relationship with Nobitex and does not own, operate, or control Tron.

At Consensus Miami on Thursday, OpenSea CMO Adam Hollander said the company is expanding beyond its NFT-marketplace image by building a single non-custodial app that supports NFTs, major tokens, meme coins and perpetuals across 26 chains. He said OpenSea rebuilt its stack about a year ago under OS2 and is preparing OpenSea Mobile with Apple Pay onboarding, citing over 1 million wallets in a recent rewards program and about 600 beta testers in one-on-one sessions.