SpaceX’s $600 billion wipeout rattles tech markets, putting Bitcoin’s $60,000 support at risk as traders brace for a deeper BTC selloff.
The SEC has proposed capital offering reforms aimed at lowering registration burdens and improving access to public and private fundraising channels.
Kalshi has reportedly held early IPO talks as prediction-market revenue surges, showing how event contracts are moving toward Wall Street.
The prediction market platform is reportedly exploring a public listing after surpassing $2 billion in annualized revenue as sports contracts face mounting legal scrutiny.
SpaceX’s first week as a public company is starting to look less like a conventional stock-market debut and more like a high-leverage crypto asset. Shares of Elon Musk-led company, trading under the ticker SPCX, extended their post-IPO rally Tuesday as investors piled into one of the smallest public floats ever attached to a company valued […]
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SpaceX’s blockbuster debut didn’t just mint a trillionaire; it became a real-world stress test for crypto’s promise of democratized market access.
Crypto traders have turned Elon Musk’s expected SpaceX listing into a round-the-clock proxy market, pushing more than $1 billion through SpaceX-linked perpetual futures in the last three days as investors try to front-run one of the largest public offerings in Wall Street history. The shift comes as retail investors face limited allocations in a heavily […]
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The SpaceX IPO finally arrives on June 12, and if the hype surrounding the listing is any indication, Wall Street and crypto traders are about to collide in a way rarely seen before. SpaceX is set to begin trading on the Nasdaq under the ticker SPCX, targeting a valuation of roughly $1.75 trillion. The official …
Bybit users who subscribe to the exchange’s new IPO Express product and receive an allocation may be in for a surprise: if the final offering price comes in within 20% of the indicative price they agreed to, their order gets executed automatically, without any additional confirmation required. Related Reading: Security Milestone: XRP Lending Protocol Completes Military-Grade Assessment Launched June 7, IPO Express lets eligible Bybit users subscribe to tokenized representations of IPO shares at the offering price, with SpaceX as its first listing under the token ticker SPCX. Subscriptions run through June 11, with spot trading scheduled to open June 12. What The Token Actually Gives You The product is built on Payward Services’ xStocks platform — Payward being the parent company of Kraken, which has separately opened SpaceX IPO access to retail clients in over 110 countries through the same infrastructure. Each token is backed 1:1 by actual SpaceX equity held in regulated broker-dealer custody, which sets it apart from the synthetic pre-IPO perpetual contracts that Hyperliquid and Binance list, where no underlying shares change hands. But owning SPCX does not make someone a SpaceX shareholder. According to Bybit’s published terms, the tokens confer no voting rights, no dividend rights, and no direct legal or beneficial ownership in SpaceX equity. Holders have no claim against SpaceX itself. What they get is exposure to the economic performance of the share price — and nothing beyond that. Not Everyone Can Get In Access is restricted in two ways. First, the product is limited to Bybit users who have reached VIP or PRO tier status, a threshold typically tied to trading volume or asset holdings, in addition to completing identity verification. Second, the offering is entirely off-limits to residents of the European Economic Area, covering all 27 EU member states plus Iceland, Liechtenstein, and Norway. Bybit states it holds no license or authorization under MiCA or any applicable EEA financial services regime for this product. The exclusion is notable given that SpaceX’s IPO has already shut out investors in mainland China and Hong Kong under US International Traffic in Arms Regulations. The tokenized access path that was positioned as a workaround carries its own exclusions. SpaceX’s IPO has drawn approximately $150 billion in demand against a $75 billion raise, meaning even VIP-tier subscribers who qualify may receive partial allocations. Related Reading: Has The Bitcoin Price Crash Ended Or Is This Just The Beginning? Analyst Answers Funds are frozen from the moment a subscription order is submitted until results are announced, or up to five business days if the event is cancelled. What Comes After SpaceX Bybit’s announcement positions IPO Express as a recurring platform, not a one-time product. Reports indicate that subsequent major IPOs — including potentially OpenAI and Anthropic — could see similar tokenized access products rolled out through Bybit, Kraken, and other xStocks-based platforms. Featured image from Pexels, chart from TradingView
SpaceX’s upcoming IPO, expected to value the company at about $1.8 trillion, has attracted demand several times greater than the shares available. Large institutional investors, including long-only funds, are leading orders, with some reportedly seeking allocations exceeding $10 billion. The offering is heavily oversubscribed, prompting banks to close order books ahead of the June 11 …
OpenAI announced that it has confidentially submitted an S-1 registration filing, a key step toward a potential initial public offering. The company said it has not decided when to go public and may remain private for some time because certain strategic initiatives could be easier to execute outside public markets. By filing now, OpenAI gains …
A major trader on Hyperliquid has reportedly earned about $700,000 by shorting $3.1 million worth of SPCX, a pre-IPO market tied to SpaceX, after the contract fell more than 27% from its peak. Ventuals confirmed it will use 13.075 billion outstanding shares to settle the SpaceX market, implying an effective IPO price of about $157 …
Capital rotation into artificial intelligence may have played a bigger role in Bitcoin’s latest selloff than most market watchers initially assumed. Michael Saylor, whose company Strategy recently sold a portion of its Bitcoin holdings, pushed back on criticism and pointed instead to an unprecedented flow of money into AI infrastructure as a key factor behind the drop. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy Saylor Pushes Back On Blame Strategy’s Bitcoin sale briefly made Saylor a target. TV personality Jim Cramer went as far as to say Saylor had “murdered Bitcoin,” a claim Saylor denied outright. He argued that capital markets have been funding the AI buildout at historic scale — roughly $400 billion over six months — and that the pressure on Bitcoin was a rotation of capital, not a sign of structural damage to the asset. SBI Holdings Chair Yoshitaka Kitao echoed that view, pointing to the upcoming IPOs of SpaceX, Anthropic, and OpenAI as likely draws pulling money away from crypto. Jobs Data Delivers The Blow The immediate trigger, however, was a US jobs report that caught markets off guard. The Bureau of Labor Statistics reported non-farm payrolls rose to 172,000 in May 2026, more than double the Wall Street estimate of 85,000. The unemployment rate held steady at 4.3%. That reading spooked investors. BNP Paribas said the data opens the door to as many as three Federal Reserve rate hikes, a scenario that historically weighs on risk assets like Bitcoin. From $62,500, BTC fell sharply to around $59,000 following the release. At the time of reporting, Bitcoin was trading at $59,990, down 6% in 24 hours — its lowest price since October 2024. ETF Outflows Add To The Pressure Spot Bitcoin ETFs have now recorded 14 consecutive sessions of outflows, with cumulative negative flows approaching $5 billion. Bitget CEO Gracy Chen identified those outflows as a significant factor in the broader crypto market decline. 那个说过卖肾不卖币的男人终于都卖币了 现货ETF连续13天净流出，累计$43.7亿，是历史最长连续流出纪录 BTC跌穿了月线EMA50支撑的$65K 我不是在看空。我只是觉得，该说的风险不能装没看见。… https://t.co/Sj0Y8zanys pic.twitter.com/2f0QxTKJYM — Gracy Chen @Bitget (@GracyBitget) June 4, 2026 On Friday alone, Bitcoin saw $545 million in total liquidations, according to CoinGlass data. Long positions accounted for $444 million of that figure, meaning a wave of automated selling hit the market as prices fell through key levels, compounding the downward move. Related Reading: XRP Monthly RSI Drops To All-Time Low As Market Watches For Confirmation Whether the $59,000 zone holds as support remains to be seen. The combination of macro pressure, sustained ETF redemptions, and shifting capital flows has left the market on edge. Featured image from Unsplash, chart from TradingView
Crypto traders are already assigning Elon Musk’s SpaceX stock a public-market valuation before the rocket and satellite company has filed for an IPO. On May 17, Hyperliquid-powered Trade.xyz launched a SpaceX pre-IPO perpetual futures contract, creating a live, cash-settled market for traders to bet on where the private company could trade when it eventually lists. According to the […]
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SpaceX is moving toward a public listing that could redefine how Bitcoin shows up in equity markets. The scale of the IPO matters more than the size of its holdings. SpaceX has reportedly filed confidentially for an initial public offering with the US Securities and Exchange Commission (SEC), a step that would move Elon Musk’s […]
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The transaction comes years after Ledger’s last primary raise, which valued the company at $1.5 billion in 2023.
Crypto trading firm FalconX's CEO has previously said it is considering a public listing.
Kraken's parent company filed a draft S-1 registration statement with the SEC in November regarding the proposed initial public offering of its common stock.
SoftBank-backed fintech giant PayPay is pressing ahead with a U.S. initial public offering that could value the company at up to $13.4 billion. As per reports, the Japanese digital payments leader plans to sell nearly 55 million American depositary shares priced between $17 and $20, aiming to raise around $1.1 billion at the top end. …
Robinhood Markets has announced a new plan aimed at giving everyday investors access to private companies before they go public, an area that has usually been limited to venture capital firms and large institutions. The company has launched Robinhood Ventures Fund I (RVI) and started its IPO roadshow for a public offering of about $1 …
The cybersecurity firm has "no concrete plans" for an IPO despite reports to the contrary last month.
Kraken-backed KRAKacquisition Corp closed a $345 million upsized IPO on Nasdaq, with units beginning to trade this week.
The London-based custody provider is weighing a potential public listing, aiming to follow rival BitGo's recent IPO.
Ledger is working with Goldman Sachs, Jefferies and Barclays to list in New York, potentially tripling its last valuation, the Financial Times reported.
The French hardware wallet maker has engaged investment banks to explore a US initial public offering, the Financial Times reported.
The crypto custodian priced its initial public offering at $18 per share late Wednesday.
With recent listings underperforming the CoinDesk 20, BitGo is positioning itself as a rare pure play on institutional crypto custody and long term adoption.
The SPAC will focus on cryptocurrency ecosystem businesses, expanding Kraken's presence in public markets.
The company has reported significant revenue growth and achieved profitability with $35.3 million in net income in the first nine months of 2025.
Ripple, the blockchain payments company behind XRP, is once again in the spotlight as reports suggest that it may be preparing for a possible initial public offering (IPO) in 2026. Industry analysts now rank Ripple among the biggest potential public listings, with valuations estimated near $50 billion Here’s what Ripple’s leadership is saying about these …