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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Biden Proposes Canceling Student Loan Interest to Tackle Debt Crisis
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
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