Crypto Price Discovery Boosted by SpaceX Launch
@SpaceX’s IPO on June 12 raised $75B at $135/share, valuing it over $2T; however, crypto traders were left without allocations as platforms canceled tokenized access campaigns. #Update #Crypto $SPCX
Crypto News
General category for all types of news related to the cryptocurrency world.
Robinhood Cuts 10% Workforce Amid Strength
@Robinhood is cutting 10% of its workforce, affecting about 290 employees, as part of a restructuring to improve efficiency despite record trading volumes. The company expects $28M in restructuring charges. #Update #Crypto
US Stocks Face Stagnation as Gains Fade
Savita Subramanian, head of US Equity Strategy at Bank of America Securities, warns that broad market gains are unlikely to continue, holding a bearish outlook on the S&P 500. #Update #Crypto $BTC (-8) ↘
USDC Powers AI to Build and Run Businesses
@LocusFounder enables agents to settle payments in $USDC directly into non-custodial wallets, eliminating bank intermediaries and allowing real-time transactions. #Update #Crypto $USDC
Hyperliquid ETFs Surge $172M Since Launch
Hyperliquid ETFs attract $172M since launch, with HYPE surging 73% in a month, reaching an all-time high of $75.96, reflecting strong institutional interest. #Update #Crypto
Spot HYPE ETFs Attract $153M Surge
Spot HYPE ETFs see $153M inflows and $900M trading volume in debut month, driven by Hyperliquid’s unique demand mechanism. CFTC regulatory shift boosts market potential. #Update #Crypto
Decentralized AI Gains Momentum After Anthropic Shutdown
Anthropic’s AI model access suspension due to a US order spurred a 30% rise in Bittensor’s $TAO token, highlighting the shift towards decentralized AI alternatives. #Update #Crypto $TAO
Crypto VC Money Flows with Morpho’s $175M Raise
@MorphoLabs raised $175M in a funding round led by Paradigm, aiming to establish itself as a credit infrastructure layer for banks and fintechs, amid growing institutional interest in onchain credit markets. #Update #Crypto $USDC
FDIC Urged to Coordinate Crypto Oversight
The U.S. Government Accountability Office urges the FDIC to coordinate on blockchain risks, citing inadequate regulatory oversight and calling for improved supervision mechanisms amid significant growth in blockchain financial products. #Update #Crypto $BTC
Kraken Launches Regulated Perpetual Futures for US Users
@Kraken has launched CFTC-regulated perpetual futures trading for US customers, allowing access to major assets like $BTC, $ETH, and more. #Update #Crypto $BTC (+5) ↗
SpaceX Stock Surges to 6th Highest Valuation
SpaceX shares have surpassed $210, achieving a market cap over $2.5 trillion, ranking sixth globally. Analysts express mixed views on future valuations amid geopolitical influences. #Update #Crypto $BTC
OpenAI Triumphs as Judge Dismisses xAI Suit
U.S. District Judge Rita Lin dismissed @xAI’s trade secret lawsuit against @OpenAI, marking Elon Musk’s second loss in this conflict. xAI failed to prove improper acquisition of trade secrets. #Update #Legal $DOGE
Equities Market Resilience Surges Amid Optimism
Vocal stock market bull Ed Yardeni states he hasn’t been bullish enough, highlighting strong earnings momentum and resilience in the US economy, raising his S&P 500 target to 8,250. #Update #Crypto $SPY
AI Technology Refined by Low-Cost Chores
India’s Objectways pays $2.40/hour for AI training data, facing privacy and pay-equity issues amid rising demand for humanoid robots projected to hit $38B by 2035. #Update #AI