SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
The cryptocurrency market is slowly creeping into the mainstream industry as large companies are reportedly trying to enter this new field. This could mean a lot to Bitcoin and other digital assets as these companies will further expose the crypto market to average investors.
This new development involves the creation of another platform – dubbed Bakkt – that would allow for the conversion of cryptocurrencies like Bitcoin to U.S. dollars. The partnership will have the New York Stock Exchange (NYSE) operator Intercontinental Exchange (ICE) work with corporate giants like Starbucks, BCG, and Microsoft, Forbes reported.
However, following ICE’s announcement, multiple trustworthy publications – including Bloomberg and CNBC – rolled out false reports saying that the partnership means Starbucks will be accepting Bitcoin as payment. After this misunderstanding exploded, Starbucks announced that they are not going to accept Bitcoin as a form of payment and clarified that the partnership will be focusing on the conversion of crypto to fiat.
“At the current time, we are announcing the launch of trading and conversion of Bitcoin,” Starbucks said. “However, we will continue to talk with customers and regulators as the space evolves.” The press release also went into detail about this new venture and what exactly it is.
“As an initial component of the Bakkt offering, Intercontinental Exchange’s U.S.-based futures exchange and clearinghouse plan to launch a 1-day physically delivered Bitcoin contract along with physical warehousing in November 2018, subject to CFTC review and approval,” Starbucks explained.
ICE said in May that they’re planning to have physically delivered BTC futures contracts and this announcement is a confirmation of the exchange’s past statement. While Bitcoin has yet to turn the tables against the bears, this new development will certainly play a vital role in reversing the market trend. Bitcoin is currently trading at $7,011, down from its recent high of $8,500 seen in the last couple of weeks.
