Bitcoin News Today: Elon Musk's xAI partners with Kalshi as SpaceX transfers $153M Bitcoin to SegWit wallet, sparking crypto speculation

Elon Musk’s ventures into the cryptocurrency sphere have intensified, with two recent moves drawing significant attention. The first involves xAI, the artificial intelligence firm Musk co-founded, which has partnered with Kalshi, a U.S.-based prediction market platform. This collaboration integrates xAI’s AI chatbot, Grok, into Kalshi’s system, marking Grok’s debut in the prediction market space. Kalshi, a federally regulated exchange, has seen growing interest, particularly ahead of the November 2025 U.S. presidential election, as it allows Americans to trade on political outcomes and other events, such as Federal Reserve decisions. The partnership highlights the convergence of AI and decentralized finance, with xAI emphasizing the alignment of “two of America’s fastest-growing companies” [1]. Kalshi’s ties to Trump-aligned figures, including Donald Trump Jr. as a strategic advisor, further underscore its political significance.

Simultaneously, SpaceX has stirred the crypto market by transferring $153 million worth of Bitcoin—1,308 BTC—into a new SegWit wallet for the first time in three years. This move, identified by blockchain analytics firm Arkham, consolidates funds from 16 addresses, sparking speculation about SpaceX’s cryptocurrency strategy. While no official explanation has been provided, the timing coincides with Bitcoin’s recent all-time high, raising questions about whether the transfer reflects a strategic reallocation or a response to market conditions. Analysts note that SpaceX’s past Bitcoin activities, such as Tesla’s $1.5 billion purchase in 2021, were closely tied to Musk’s public statements, but this transaction appears operational rather than communicative [2]. The adoption of a SegWit wallet, known for lower fees and faster transactions, aligns with industry trends among institutional players, though the lack of context from SpaceX leaves the intent unclear [3].

The market’s reaction has been mixed. Some view the moves as indicative of Musk’s continued influence in crypto, citing his history of driving sentiment through social media. For instance, Tesla’s 2021 Bitcoin purchases and sales were directly linked to Musk’s online activity, including hashtags [4]. However, others caution against overinterpreting the actions. Analysts emphasize that institutional holders often rebalance portfolios discreetly, and the absence of public commentary from Musk contrasts sharply with his past behavior [5]. The xAI-Kalshi partnership, meanwhile, signals broader experimentation with AI in financial markets, though its long-term impact remains unproven.

Both developments highlight the interplay between Musk’s corporate entities and the crypto ecosystem. The xAI-Kalshi collaboration underscores the potential for AI to enhance prediction markets, while SpaceX’s Bitcoin transfer renews focus on institutional engagement with digital assets. With no official statements clarifying either move, the market continues to speculate on their implications. As analysts observe, Musk’s track record of shaping crypto narratives suggests these actions could further influence market dynamics, particularly if followed by additional corporate announcements or strategic shifts [6].

Source:

[1] [Elon Musk Makes a New Move in the Cryptocurrency World](https://coinmarketcap.com/community/articles/68829312747ff0612d594b28/)

[2] [Elon Musk's SpaceX Transfers Held BTC for the First Time](https://www.binance.com/en/square/post/27335858091066)

[3] [Elon Musk's SpaceX moves $153M in Bitcoin for first time](https://www.bitget.com/news/detail/12560604879143)

[4] [Tesla dumped 75% of its bitcoin at one of the worst times](https://www.cnbc.com/2025/07/24/tesla-bitcoin-crypto-sale.html)

[5] [Elon's SpaceX Reshuffles BTC Holdings—Market](https://www.binance.com/square/post/27345093719489)

[6] [SpaceX and Musk Transfer $153 Million in Bitcoin](https://investx.fr/en/crypto-news/spacex-and-musk-transfer-153-million-in-bitcoin-whats-happening/)