It's been a volatile week for the cryptocurrency, with prices of Bitcoin dropping 25 percent overnight. Plus former Google CEO Eric Schmidt saying he'll step down as executive chairman of the company's parent, Alphabet. Plus SpaceX CEO Elon Musk posted pictures of the Falcon Heavy rocket as it gets ready for launch in the coming weeks. We break down the private space race with Rockets Are Cool. And the Pentagon is investigating the possibility of UFOs! Inverse's Space Editor tells us about the spooky video.

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Securitize: The Private Credit Boom Has Arrived
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
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