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Bitcoin stolen from Binance has reached an estimated $1.4 billion in value. The 18,270 BTC exceeds Tesla’s disclosed holdings, is more than twice El Salvador’s reserve and has been linked by blockchain investigators to North Korea, according to CoinDesk.
A SpaceX SEC filing says any Tesla merger would require approval from Elon Musk as the company’s controlling shareholder, despite his recusal from special committees. Tesla investors still face a vote requiring approval from holders of at least 50% of all outstanding shares.
Tesla’s third-quarter profit fell 43% to $787 million as research spending rose 69% and capital expenditure more than doubled. The company has started producing Optimus humanoid robots and is targeting customer deliveries of Cybercabs by the end of 2026.
Tesla and SpaceX have formed a special committee to explore a merger that could create the world’s largest equity by market capitalization. The proposal has also prompted discussion about index weightings, passive investment flows and possible indirect effects on Bitcoin exposure.
Bitcoin fell below $82,000 after its move toward $85,000 was rejected, while Tesla’s lower-than-expected third-quarter capital expenditure and a 3.52% drop in South Korea’s KOSPI added pressure to risk-sensitive markets. Rising Bitcoin derivatives open interest also increased the risk of a deeper reversal.
