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bitcoinist.com Solana Price Rallied 2,000% The Last Time This Happened, And It Just Triggered Again

The Solana price is drawing renewed attention after months of declines, selling pressure, and mixed performance. Market analyst Crypto Patel highlighted in a recent X post that SOL is currently trading near a historical price level that previously triggered a massive 2,000% rally during the 2023 cycle. He emphasized that if history were to play […]

cryptobriefing.com Spencer Hawes: The Knicks’ resilience shines in comebacks, Spurs struggle with in-game adjustments, and why killer instinct matters in playoffs | Pardon My Take

Knicks' comeback highlights their playoff resilience as Spurs falter under pressure in Game 5 showdown. The post Spencer Hawes: The Knicks’ resilience shines in comebacks, Spurs struggle with in-game adjustments, and why killer instinct matters in playoffs | Pardon My Take appeared first on Crypto Briefing.

forklog.media SpaceX Conducts Largest IPO in History

Elon Musk's company SpaceX priced its shares at $135 in the largest initial public offering (IPO) in history. The listing on the Nasdaq exchange is scheduled for June 12. The company sold 555.5 million shares, raising $75 billion. This more than doubles the record set by Saudi Aramco in 2019. SpaceX's market capitalization will be approximately $1.77 trillion. Source: CompaniesMarketCap. In the first quarter, SpaceX's revenue increased by 15% to $4.69 billion. However, the net loss amounted to $4.28 billion. The main revenue driver is the Starlink satellite internet service. The company also includes the artificial intelligence division xAI. Investments in AI became the main expense item. In the first quarter, $7.7 billion was spent on this area out of a total capital expenditure of $10.1 billion. Oppenheimer analysts rated SpaceX shares as "outperform" with a target price of $190. Experts from New Street Research valued the xAI division at $575 billion, comparing it to market leaders OpenAI and Anthropic. SpaceX's market debut could mark the beginning of a wave of IPOs in the artificial intelligence sector. In June, AI competitors Anthropic and OpenAI submitted listing applications.

forklog.media Citi to Launch Blockchain Marketplace for Private Company Shares

Citigroup has unveiled a blockchain platform featuring tokenized Citi depositary receipts for private company shares. The product is aimed at wealthy and institutional investors seeking pre-IPO access. Initially, the service will be available to international clients, with plans to expand to the US later. The company is already in discussions with several major private firms about listing their shares on the platform.

blockonomi.com Bitcoin Holds Key Support as UTXO Growth Hits Record Levels

TLDR: Bitcoin tests the 200-week moving average near $61K, a level tied to previous cycle bottoms UTXO count surpasses 3.77B created since Bitcoin launch, showing rising network activity Market structure weakens as 50-week moving average is lost and macro tightening persists Bear case points to $53.6K realized price and deeper mid-$40K range if support fails [...] The post Bitcoin Holds Key Support as UTXO Growth Hits Record Levels appeared first on Blockonomi.

themerkle.com BlackRock Moves $159M in Bitcoin and Ethereum to Coinbase Prime and Binance as ETF Outflows Continue

BlackRock, world’s largest asset manager just deposited 2,402 BTC worth approximately $151.4 million and 12,679 ETH worth approximately $21.06 million to Coinbase Prime. While separate on-chain data also shows deposits of 2,193 BTC worth $138 million and 12,679 ETH worth $21 million flowing into Binance. The transfers are public, traceable on-chain, and landing at a moment when Bitcoin and Ethereum are already under sustained selling pressure. Exchange deposits of this size from an address linked to BlackRock are the kind of activity that on-chain monitoring communities flag immediately, because deposits to exchanges, unlike withdrawals, carry a different implication about what The post BlackRock Moves $159M in Bitcoin and Ethereum to Coinbase Prime and Binance as ETF Outflows Continue appeared first on The Merkle News.

themerkle.com Ripple and Bitso Expand Partnership to Bring Regulated Peso Stablecoin Settlement to Latin America on XRPL

Ripple and Bitso are taking their payments partnership to the next level. The two companies have announced an expansion of their long-standing collaboration that puts Bitso’s Mexican Peso-backed stablecoin, MXNB, directly onto the XRP Ledger and integrates it into Ripple’s Payments on DEX infrastructure for enterprise settlement across Latin America. The deal is specific and consequential. Bitso’s regulated MXN-backed stablecoin will be issued natively on XRPL and paired with Ripple’s RLUSD on the ledger’s Permissioned DEX, creating a compliant liquidity corridor that connects regulated USD and Mexican Peso liquidity in a single on-chain settlement environment. For enterprise treasury teams and The post Ripple and Bitso Expand Partnership to Bring Regulated Peso Stablecoin Settlement to Latin America on XRPL appeared first on The Merkle News.

themerkle.com SpaceX Lands on Solana, $SPCX Brings the Largest IPO in History to Crypto With 24/7 Trading and Real Share Backing

Nothing in the history of public markets has looked like this. The SpaceX IPO prices tomorrow, and the numbers are so large they barely feel real. Over $250 billion in total orders received. Retail interest alone crossing $70 billion. Thirty percent of shares reserved for everyday investors. A valuation touching $1.8 trillion. And for crypto natives who want exposure from day one, a tokenised SpaceX share called $SPCX is going live on Solana the same day, trading around the clock, backed one-to-one by real shares, and redeemable directly into a brokerage account. Friday is going to be a day the The post SpaceX Lands on Solana, $SPCX Brings the Largest IPO in History to Crypto With 24/7 Trading and Real Share Backing appeared first on The Merkle News.

blockmanity.com VeChain VET Live Price Today: Fresh Market Insights and Chart Breakdown

Understanding VeChain is a blockchain project focused on supply chain tracking and real world business use. Many traders watch closely because the token often moves with enterprise adoption news. Current Market Snapshot As of the latest data, VET trades near […] The post VeChain VET Live Price Today: Fresh Market Insights and Chart Breakdown appeared first on Blockmanity.

blockonomi.com Blockchain Lender Figure Acquires Kiavi in $717M Market Shake-Up

TLDR: Figure’s Kiavi acquisition adds over $7 billion in annual first-lien lending volume to its network. Democratized Prime is expected to receive more than $100 million in monthly asset flow after closing. Kiavi becomes the first platform scheduled for onboarding through Figure’s new Adaptor AI system. A Figure and Sixth Street venture will acquire Kiavi’s [...] The post Blockchain Lender Figure Acquires Kiavi in $717M Market Shake-Up appeared first on Blockonomi.

blockonomi.com ChatGPT Hits One Billion Users As AI Backlash Fails To Slow Adoption

TLDR ChatGPT reached one billion monthly app users in May. Sensor Tower said ChatGPT reached the milestone fastest. Claude usage rose 640% year-over-year, according to estimates. Meta AI usage increased 973% over the same period. BCG found 74% of frontline workers regularly use AI. Artificial intelligence platforms continue attracting users despite growing concerns about the [...] The post ChatGPT Hits One Billion Users As AI Backlash Fails To Slow Adoption appeared first on Blockonomi.

news.bitcoin.com Figure Buys Kiavi for $717M as It Targets $200 Billion Lending Market

Figure has agreed to acquire Kiavi’s technology and operating platform in a $717 million transaction. The deal is expected to bring more than $7 billion in annual first-lien loan volume onto Figure’s blockchain-based marketplace. Figure’s Kiavi Deal to Bring $7 Billion in Loans Onchain Figure Technology Solutions has agreed to acquire Kiavi, an AI-powered lending […]

blockonomi.com HashKey Stock Jumps 9% As Board Approves HKD100 Million Buyback

TLDR HashKey approved an on-market share buyback plan. The repurchase amount is capped at HKD100 million. The buyback will use internal funds, not IPO proceeds. HashKey said the plan reflects confidence in its long-term Web3 growth strategy. HashKey stock jumped 9.06% to HK$3.010 during Hong Kong trading. HashKey Holdings has approved an on-market share repurchase [...] The post HashKey Stock Jumps 9% As Board Approves HKD100 Million Buyback appeared first on Blockonomi.

blockonomi.com Cecabank Brings MiCA-Regulated Crypto Custody to Spanish Banks

TLDR: Cecabank’s MiCA-regulated crypto custody platform is now live for key Spanish financial firms today. Renta 4 Banco is an early firm to use Cecabank’s new regulated crypto platform for client access. Bit2Me supports the platform with trading, liquidity, market access, and execution for client banks. Cecabank is seeking MiCA passporting in Ireland, Portugal, and [...] The post Cecabank Brings MiCA-Regulated Crypto Custody to Spanish Banks appeared first on Blockonomi.

blockonomi.com Ripple and Bitso Push MXNB Stablecoin Into XRPL Rails

TLDR: Ripple expands MXNB stablecoin settlement on the XRP Ledger. Bitso’s MXNB will work with RLUSD for dollar-peso liquidity. XRPL’s Permissioned DEX targets verified institutional users. The partnership focuses on enterprise payments across Latin America. Ripple has expanded its payments partnership with Bitso by bringing the MXNB stablecoin to the XRP Ledger. The move adds [...] The post Ripple and Bitso Push MXNB Stablecoin Into XRPL Rails appeared first on Blockonomi.

blockonomi.com Avalanche Treasury Stock Falls 38% After Nasdaq Debut Following SPAC Merger

TLDR Avalanche Treasury debuted on Nasdaq under ticker AVAT. AVAT closed down 38.1% at $1.85. The listing followed a $675 million SPAC merger. AVAX rose 1.27% to trade at $6.66. The firm plans to acquire over $1 billion in AVAX. Avalanche Treasury Co. dropped sharply on its first day as a public company after completing [...] The post Avalanche Treasury Stock Falls 38% After Nasdaq Debut Following SPAC Merger appeared first on Blockonomi.

blockonomi.com Tokenized Stocks Gain Boost As SEC Proposes NMS Rule Changes

TLDR SEC proposed rescinding Rules 611 and 610(e). The proposal targets trade-through and quotation restrictions. Galaxy said the move could help tokenized stocks in DeFi. TD Cowen expects final SEC action in Q1 2027. Tokenized equities still face ATS and settlement hurdles. The U.S. Securities and Exchange Commission has proposed removing two market structure rules [...] The post Tokenized Stocks Gain Boost As SEC Proposes NMS Rule Changes appeared first on Blockonomi.

news.bitcoin.com Binance Lists Circle and Nvidia Bstocks as 1:1 Equity Tokens Enter Crypto Wallets

Binance has introduced a new line of fully backed tokenized securities representing select U.S. stocks. Bridging Traditional Finance and DeFi Global crypto exchange, Binance, has begun offering trading for Bstocks, a new line of fully backed tokenized securities representing select U.S. equities, the company said June 11. The products are issued by BTech Holdings Limited, […]

blockonomi.com OpenAI Acquires Ona To Expand Codex Agent Capabilities

TLDR OpenAI agreed to acquire cloud infrastructure startup Ona. Ona’s team will join OpenAI’s Codex division. Codex now has over five million weekly active users. The deal remains subject to customary closing conditions. OpenAI continues expanding through recent AI acquisitions. OpenAI has agreed to acquire cloud infrastructure startup Ona as it expands support for autonomous [...] The post OpenAI Acquires Ona To Expand Codex Agent Capabilities appeared first on Blockonomi.

blockonomi.com Elon Musk Becomes First Trillionaire After SpaceX IPO Lifts Wealth Above $1 Trillion

TLDR Elon Musk’s net worth now exceeds $1.1 trillion. SpaceX’s IPO raised a record $75 billion. Musk’s SpaceX stake is valued at about $866 billion. Forbes previously estimated Musk’s wealth near $780 billion. Analysts describe SpaceX’s valuation as an “Elon Musk premium.” Elon Musk has crossed the $1 trillion wealth threshold following SpaceX’s record public [...] The post Elon Musk Becomes First Trillionaire After SpaceX IPO Lifts Wealth Above $1 Trillion appeared first on Blockonomi.

bitcoinist.com Solana Price Rallied 2,000% The Last Time This Happened, And It Just Triggered Again

The Solana price is drawing renewed attention after months of declines, selling pressure, and mixed performance. Market analyst Crypto Patel highlighted in a recent X post that SOL is currently trading near a historical price level that previously triggered a massive 2,000% rally during the 2023 cycle. He emphasized that if history were to play […]

cryptobriefing.com European Central Bank hikes rates for first time since 2023 as Middle East conflict fuels inflation

The ECB's rate hike signals a shift in monetary policy, potentially slowing eurozone growth amid rising borrowing costs and inflationary pressures. The post European Central Bank hikes rates for first time since 2023 as Middle East conflict fuels inflation appeared first on Crypto Briefing.

blockonomi.com Jim Cramer Warns Spacex IPO Debut Could Trigger Extreme Valuation Surge

TLDR SpaceX set its IPO price at $135 per share. The IPO values SpaceX at about $1.77 trillion. Jim Cramer warned demand could push shares too high. Retail market orders may increase first-day volatility. Cramer said controlled trading would support a healthier debut. SpaceX has entered public trading with demand far exceeding available shares, raising [...] The post Jim Cramer Warns Spacex IPO Debut Could Trigger Extreme Valuation Surge appeared first on Blockonomi.

news.bitcoin.com Brazil Introduces Bill 2946 to Turn Central Bank Crypto Rules Into Federal Law

Bill 2,946/2026, introduced by Federal Deputy Jonas Donizette, enshrines the VASP rules adopted by the Central Bank of Brazil in Resolution 519 and other resolutions as law, bringing stability and certainty to the Brazilian cryptocurrency market and its users. Bill Aims To Set Central Bank VASP Resolutions As Law Brazil is currently evolving its cryptocurrency […]

cryptobriefing.com South Korea defeats Czech Republic 2-1 in World Cup opener, and crypto is all over the tournament

The integration of crypto in the World Cup highlights its growing influence in sports, potentially reshaping fan engagement and investment dynamics. The post South Korea defeats Czech Republic 2-1 in World Cup opener, and crypto is all over the tournament appeared first on Crypto Briefing.

bitcoinist.com Bitcoin Puell Multiple Falls To 0.74 As Miner Revenue Slides

Bitcoin on-chain data shows the Puell Multiple indicator has observed a decline recently. Here’s what this could imply for the network. Bitcoin Puell Multiple Has Dropped To The 0.74 Mark As highlighted by CryptoQuant author Axel Adler Jr in an X post, the Bitcoin Puell Multiple has gone down recently. The “Puell Multiple” is a […]

news.bitcoin.com Ripple and Bitso Expand Stablecoin Settlement on XRP Ledger

Ripple and Bitso are expanding stablecoin settlement on the XRP Ledger, bringing MXNB and RLUSD into Ripple’s enterprise payments infrastructure. The effort focuses on the U.S.-Mexico corridor and aims to support regulated dollar-peso liquidity for institutions. XRP Ledger Deal Pushes Stablecoins Deeper Into US-Mexico Settlement Cross-border payments are becoming a major test case for regulated […]

cryptobriefing.com Aaron Cowen: The future of global asset trading is 24/7, Japan’s gambling market offers massive opportunities, and MGM’s Osaka casino could triple stock value | All-In Podcast

MGM's strategic expansion into Japan and potential Dubai ventures could triple its stock value. The post Aaron Cowen: The future of global asset trading is 24/7, Japan’s gambling market offers massive opportunities, and MGM’s Osaka casino could triple stock value | All-In Podcast appeared first on Crypto Briefing.

bitcoinist.com Ethereum Ecosystem Milestone: On-Chain Activity Across The Network Explodes To Historic Levels

With the bearish pressure around Ethereum and its market building strongly, its price could retest the $1,500 support level sooner than expected. One good thing during this bearish phase is that the ETH network has continued to showcase robust growth as activity on the chain revisits historic levels. Growing Demand Fuels Ethereum Network Activity While […]