Musk floats SpaceX-Tesla merger with 30,000 Bitcoin

Elon Musk floats a SpaceX-Tesla merger that would combine over 30,000 Bitcoin and the OCC just put crypto exchanges stablecoin rewards on notice. This is CoinDesk Daily. Want trusted crypto research? Check out The Stack, Grayscale's blog. Visit grayscale.com slash the stack. Unlock deeper insight into digital asset vault risk. The new vault risk assessment from S&P Global Ratings helps bring institutional-grade transparency to on-chain investing. Visit spglobal.com slash ratings. Elon Musk said SpaceX and Tesla are exploring a merger, a tie-up that would unite two of his biggest companies and more than 30,000 Bitcoin. Combined, the two hold 30,221 Bitcoin. SpaceX reported a revenue of around $14.5 billion, blowing past estimates Tesla reports after Wednesday's close. U.S. crypto exchanges that reward customers for holding stablecoins will now have to get a federal regulator's sign-off on those programs. The OCC issued the first final rule under the Genie Act, which bans payments made solely for holding a stable coin. The agency offered no safe harbor for existing programs. Firms like Coinbase, Kraken and PayPal will have to test the rule case by case. And Zcash is one step closer to tripling its transaction speed. Developers have settled on the exact block where the NU7 upgrade will switch on around November 5th. There's a catch for some holders. Sprout, Zcash's original privacy system, shuts down entirely at activation any coins still sitting there become unspendable so holders have until early november to move them get more updates at coindesk.com want trusted crypto research check out the stack grayscale's blog visit grayscale.com slash the stack unlock deeper insight into digital asset vault risk the new vault risk assessment from S&P Global Ratings helps bring institutional grade transparency to on-chain investing visit spglobal.com slash ratings