Elon Musk Loses $50 Billion in a Single Day; SpaceX Moves Bitcoin | CoinDesk Daily

**Jennifer Sanasie** (0:00)
Elon Musk loses $50 billion in a single day, and the Iran ceasefire is officially over. This is CoinDesk Daily.
Follow JPEG Trading on X for insights on crypto markets, liquidity and DeFi. Elon Musk lost more than $50 billion on Tuesday as SpaceX shares fell over 6% and Tesla dropped nearly 4%. The losses pushed his fortune down to around $948 billion, below the $1 trillion mark he briefly crossed after SpaceX went public last month. At its post IPO peak, Musk's net worth hit $1.45 trillion. SpaceX's Bitcoin wallet made its first movements in about six months today, sending less than $300 worth of its 18,712 Bitcoin between its own addresses. Analysts say the tiny test transaction doesn't signal a sale.
Trump declared the two-week ceasefire with Iran over after the US and Iran exchanged airstrikes, sending Bitcoin to $62,000 and oil surging more than 5 percent. WTI crude jumped above $74 a barrel as traders priced in renewed conflict risk. Altcoins took heavier losses. Solana, which had been challenging $84 at the start of the week, fell back to $77.
Realfi, a smarter stablecoin backed by real-world assets. Visit realfi.co and SEC Chair Paul Atkins released the agency's 2026 regulatory agenda and crypto is front and center. The centerpiece is regulation crypto, a proposal expected as soon as this month that would establish safe harbors for DeFi and tokenized securities. Atkins said the SEC will move forward on rulemaking regardless of what Congress does and urge the crypto industry to stay engaged in the upcoming midterm elections. Get more updates on coindesk.com. Lower rates, protected Bitcoin. Ledn's lowest loan rates ever. Check yours at ledn.io.