SpaceX begins trading on the Nasdaq under the ticker $SPCX, marking the largest initial public offering in stock market history. Thereby, raising $75 billion at a targeted price of $135 per share and carrying a $1.75 trillion valuation into its public debut. The record does not just edge past the previous holder, it obliterates it. Saudi Aramco held the prior IPO record when it opened at $25.6 billion in 2019. SpaceX has now raised three times that figure in a single offering, rewriting the record books on its first day of trading and arriving on public markets as one of
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]]>Pump.fun is moving SOL again. The meme coin launchpad just deposited 67,482 SOL worth approximately $4.51 million into Kraken over the past hour. Thereby, extending what has become one of the most consistent and closely watched sell-side trends in the Solana ecosystem. The deposit is not an isolated event. On-chain data shows Pump.fun has now offloaded a cumulative 4.53 million SOL worth $784.7 million at an average execution price of $173 per token. That is a sustained, systematic liquidation of treasury holdings that has been playing out over time, and the market has been watching every deposit hit the exchange.
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]]>Metaplanet is not just buying Bitcoin anymore, it is building the infrastructure to distribute it. The Tokyo-listed company has entered into an agreement to acquire 100% of Siiibo Securities, a licensed Japanese securities firm and pioneer of the country’s online corporate bond market, in what marks the company’s first major acquisition and the opening move of a much larger strategy. The deal, expected to close in July, transforms Metaplanet from a Bitcoin treasury company into something far more ambitious: a regulated financial platform with the pipes to bring Bitcoin-linked products directly to Japanese retail investors. Siiibo Securities Becomes Metaplanet Securities
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]]>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
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]]>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
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]]>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
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]]>Mastercard just made its biggest move yet into the AI economy. The payments giant has officially launched Agent Pay for Machines, a new payments infrastructure designed specifically for AI agents executing transactions at machine speed and Ripple is right in the middle of it, with the XRP Ledger and RLUSD helping lay the foundation for what comes next. The announcement landed with serious weight. Mastercard is launching this initiative with more than 30 partners on board from day one, including Coinbase, Stripe, and OKX alongside Ripple. That is not a pilot program with a handful of friendly participants, that is
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]]>Pyth Network just solved one of the most persistent structural problems in crypto derivatives markets, and it did it with partners that carry serious institutional weight. The oracle network has launched Pyth Indices, a set of proprietary 24/7 price indexes covering U.S. equities, oil, gold, silver, and thematic baskets and the products are not just announced. They are already live and powering real trading across Coinbase, Kraken, dYdX, and Nado. PYTH is up 5% on the news. The Problem Pyth Indices was Built to Solve Pyth Network laid out the core thesis with unusual clarity. Traditional markets close overnight and
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]]>Three whale addresses, two of them freshly created, just withdrew a combined $122.29 million worth of ETH from FalconX and Kraken in what on-chain analysts are flagging as a significant accumulation signal. The move is being tracked across crypto monitoring communities and the details are specific. Two of the three addresses involved are brand new, which points to fresh capital entering the market rather than an existing holder simply reshuffling funds between wallets. The third address has history, it bought ETH previously and is currently sitting on a $9.1 million unrealized loss from that earlier entry. Despite being underwater, it
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]]>Morpho just made history. The decentralized credit protocol has closed a $175 million funding round, the largest raise DeFi has ever seen and the investor lineup behind it reads like a who’s who of the most serious capital in both traditional and crypto finance. The round was co-led by Paradigm, a16z crypto, and Ribbit Capital, with strategic participation from Apollo Global, VanEck, Circle Ventures, Ledger, and Cathay Innovation. Additional participation came from Variant Fund, WMT Ventures, Prelude XYZ, IOSG Ventures, HashKey Capital, SBI Group, Bpifrance, Mirana, NJJ Capital, and more than ten other strategic partners. The announcement landed via Morpho’s
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