Key Takeaways SpaceX raised $75 billion in the largest initial public offering (IPO) ever recorded, opening SPCX at $150 on June 12, 2026. Elon Musk’s net worth crossed $1.1 trillion, making him the first individual to reach trillionaire status. Starlink generated $1.19B in Q1 operating profit, but SpaceX’s artificial intelligence (AI) unit burned $2.47B in…
Key Takeaways Bitcoin ETFs lost $19M on June 11, extending a 5-day outflow streak despite IBIT inflows. Ether ETFs shed $15.9M as FETH outflows outweighed ETHA’s $8.6M gain. HYPE stayed positive with $622K inflows, while solana ETFs lost $4.4M. Bitcoin and Ether ETFs Stay Negative While HYPE Funds Extend Inflow Streak The red ink remained,…
Key Takeaways Citigroup launched tokenized depositary receipts for private shares via blockchain rails. Citi targets demand for firms like SpaceX as private markets stay closed longer. Citi plans U.S. expansion after foreign rollout and may add more blockchain networks. Citigroup Courts Top Private Firms With New Blockchain Marketplace for Investors Citigroup is moving further into…
Key Takeaways Nansen flagged a Hyperliquid trader 81% short with a $2.7M all-time profit on June 11. The wallet’s $13.57M HYPE short sits up $539K, alongside winning ETH and BTC shorts. HYPE is trading near $58, about 28% below its June 2 record of $75.51, thus fueling bearish bets. A Bear That Keeps Winning Onchain…
Automation has been a fixture of Web3 long before AI agents became a mainstream topic. Bots were already trading, farming incentives, monitoring markets, and competing for rewards across blockchain networks — often becoming some of the most active participants in the ecosystem. Yet despite their outsized influence, these actors were never really accounted for. Web3,…
Key Takeaways Saylor said at BTC Prague on June 11 that Strategy may sell BTC when necessary, softening its ‘never sell’ image. The remarks follow Strategy’s June 1 sale of 32 BTC for $2.5M to fund preferred-stock dividends. Strategy holds about 845,256 BTC; the debate now centers on dilution and its $6.7B convertible debt. ‘Never…
Key Takeaways Rainbet announced it is the first official sponsor of Kick’s Slots category, via a statement on X. Official Rainbet-branded streams are already live in Kick’s slots vertical, running creator giveaways. Kick is co-owned by Stake founders Ed Craven and Bijan Tehrani; Kick has not publicly commented. A rival casino buys real estate on…
Key Takeaways Binance launched Bstocks on June 11, allowing 24/7 fractional trading of top U.S. shares. Backed 1:1 via Nest Trading, the BEP-20 tokens bring tech equities directly into DeFi apps. Richard Teng says Binance aims to scale Bstocks as onchain equities expand 30-fold to $1.42B. Bridging Traditional Finance and DeFi Global crypto exchange, Binance,…
Key Takeaways Ripple and Bitso are using MXNB alongside RLUSD for cross-border settlement. The infrastructure is designed to improve access to regulated peso and dollar liquidity. XRP Ledger infrastructure may deepen stablecoin use across Latin American payment corridors. XRP Ledger Deal Pushes Stablecoins Deeper Into US-Mexico Settlement Cross-border payments are becoming a major test case…
Key Takeaways Ripple introduced new developer tools that enable AI agents to transact using XRP. Mastercard’s agent-commerce initiative expands potential enterprise demand for automated payments. Future adoption could depend on settlement reliability, compliance features, and predictable costs. XRP Takes a Bigger AI Payments Role as Ripple Targets Agent Commerce XRP is gaining a new role…
