Author: admin

Venture capitalist Tim Draper compared Elon Musk to Satoshi Nakamoto on Friday, while trader Scott Melker argued the SpaceX Bitcoin (BTC) treasury should grow now that the company trades publicly. Both posts appeared hours after SpaceX began trading on Nasdaq. The company raised $75 billion in the largest initial public offering on record and disclosed 18,712 BTC in its filing. Record IPO Puts SpaceX Bitcoin Holdings in the Spotlight SpaceX priced its shares at $135 each, selling roughly 555.6 million shares at an implied valuation near $1.77 trillion. The raise more than doubled Saudi Aramco’s 2019 record of $29.4 billion,…

Anthropic’s newest AI model, Claude Fable 5, predicts Spain will beat France in the 2026 World Cup final on July 19. The model gives its own pick just an 18% chance of success. BeInCrypto ran several simulations with the model to assess its predictive capabilities, as the tournament kicked off this week with 48 teams for the first time. Fable 5 built its prediction from tournament structure, squad depth, and almost a century of hosting history. Why the AI Starts With the Format, Not the Teams The model’s first argument concerns structure rather than talent. The expanded tournament features 104…

In brief President Trump’s upcoming UFC event will provide crypto firms with an unprecedented opportunity for corporate branding. Polymarket is set to present an award recognizing America’s public servants, while Exodus is planning fan experiences. On Friday, a federal judge blocked a request from two Virginia residents to stop the UFC fight from taking place on Sunday. Crypto firms are about to score some exclusive marketing space this Sunday, courtesy of President Donald Trump’s UFC extravaganza on the White House South Lawn—but that’s not all.As with any other event hosted by the mixed martial arts behemoth, the UFC Octagon is…

Garlinghouse accused Jamie Dimon of doing a disservice by falsely suggesting the CLARITY Act would weaken compliance standards. Ripple CEO Brad Garlinghouse has criticized JPMorgan Chase CEO Jamie Dimon over his recent remarks attacking the CLARITY ACT. He reminded that Dimon has consistently dismissed the crypto industry for years while misrepresenting the purpose of the legislation. Clash Over Crypto Regulation Speaking during an interview with Fox Business host Maria Bartiromo, Garlinghouse responded directly to comments Dimon made earlier this month, where the banking executive accused Coinbase CEO Brian Armstrong of pushing the bill in Washington and claimed the proposed legislation…

SpaceX rocketed onto public markets on Friday under the ticker SPCX, with shares climbing sharply and pushing the company’s market value past $2 trillion in the largest IPO ever recorded. The debut cemented Elon Musk’s status as the world’s first trillionaire and rewrote the playbook for modern mega-cap listings on Wall Street. SpaceX (SPCX) Just Crossed $2 Trillion on Its Historic Trading Debut. Source: Yahoo Finance How the SPCX Debut Unfolded on Nasdaq The SPCX listing marked Elon Musk’s official entry into public markets. SpaceX is the rocket maker and satellite internet pioneer behind Falcon, Starship, and Starlink. The shares…

TL;DR Kraken says it now supports USDCx deposits and withdrawals on the Canton Network. USDCx is described as a Canton-native stablecoin backed 1:1 by USDC locked in Circle’s xReserve on Ethereum. Canton is a permissioned, privacy-enabled Layer-1 network built for regulated financial institutions and tokenized real-world assets. The move adds another exchange connection to institutional stablecoin and settlement infrastructure. Kraken has added support for deposits and withdrawals of USDCx on the Canton Network, expanding its stablecoin infrastructure at a time when regulated financial institutions are paying closer attention to tokenized settlement rails. In a June 11 product update, Kraken said…

TL;DR BA Labs has proposed doubling key LITE-PSM-USDC-A parameters in the Sky stablecoin system from 400 million to 800 million. The proposal says USDC reserves stand at 4.13 billion, up 108% since the last recalibration in October 2024. The change would raise daily refresh capacity to 1.6 billion and total serving capacity to 2.4 billion, according to the forum post. The update has been approved by the Core Facilitator team for an upcoming Executive Vote, but it still needs formal approval before going live. Sky governance is considering a major parameter increase for its LITE-PSM-USDC-A module, a move that would…

Dubai, United Arab Emirates, June 12th, 2026, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched SPCXX, tokenized SpaceX under the xStocks framework on its Spot market, together with new prize pools.  SPCXX is listed on Bybit Spot on June 12, 2026, at 16:20 UTC. Users can take part in a 200,000 USDT Token Splash exclusive on Bybit for a chance to earn rewards by accumulating spot trading volume in SPCXX pairs. Bybit Spot Listing Timeline SPCXX deposit: Opens on June 12, 2026, 16:20 UTC SPCXX listing: June 12, 2026, 16:20 UTC SPCXX withdrawals: Opens on June 13,…

Dubai, United Arab Emirates, June 12th, 2026, Chainwire Mantle, the premier distribution layer connecting traditional finance and on-chain liquidity, today announced the listing of SPCXx, the tokenized SpaceX equity issued by xStocks, available for 24/7 on-chain trading and liquidity provision on Mantle from the day SpaceX completes the largest initial public offering in history. The listing brings on-chain access to one of the most anticipated equity events in history through two of the ecosystem’s flagship venues, Fluxion and Merchant Moe, and opens what is expected to be a strong season of high-demand tokenized equity listings on Mantle. Institutional-Grade Execution via…

ROAD TOWN, British Virgin Islands, June 12, 2026 /PRNewswire/ — AFX, a high-performance sovereign L1 purpose-built for decentralized derivatives, announced that industry veteran Ken C has joined the protocol as Head of Growth, reinforcing AFX’s commitment to expanding its global trading ecosystem and accelerating adoption of on-chain derivatives infrastructure. Ken brings more than nine years of experience spanning traditional finance, Web3, and emerging AI technologies. He began his career leading digital product initiatives at HSBC and DBS Bank before transitioning into crypto, where he held leadership roles across OKX, Animoca Brands, and multiple startup ventures. His experience spans ecosystem growth, business…