News linked to both this project and an event.
According to sources cited by The Wall Street Journal, Chinese AI large-model company StepFun is expected to file its IPO application with the Hong Kong Stock Exchange as early as June 8, with a valuation of approximately $12 billion assigned by its major investors. The IPO aims to raise roughly $500 million, and the company has already begun consultations with multiple financial advisors regarding the listing. Previously, StepFun had initiated the dismantling of its offshore VIE structure to pave the way for its Hong Kong listing.
Bitmine announced the pricing of its expanded Series A Perpetual Preferred Stock offering at 3.5 million shares at $80 per share, with closing expected on June 10 and net proceeds of approximately $273.8 million.
According to GlobeNewswire, Nasdaq-listed Bitcoin mining company Keel Infrastructure (formerly Bitfarms) announced plans to raise $400 million through the issuance of convertible senior notes. The offering is expected to close around June 9, 2026, subject to market and other closing conditions. Proceeds will be used to pay related capped call transaction costs and for general corporate purposes, including long-term equipment deposits and credit guarantees for data center construction. If the underwriters exercise their over-allotment option, a portion of the net proceeds will be allocated to additional capped call transactions, with the remainder used for general corporate purposes.
According to monitoring by on-chain analyst Ai Yi, an entity affiliated with Hex Trust has accumulated 72.23 million H tokens over the past 4 hours, representing 2.55% of the token's circulating supply. In April, the foundation made significant adjustments to the token vesting schedule for early investors, either extending the unlock period or distributing the full token amount at a discount (a 70% reduction) in a single payment on June 26. Hex Trust is one of the strategic investors, and it remains unclear whether this asset transfer is related to the upcoming unlock.
Odaily ARK Invest stated that SpaceX's upcoming IPO could become a historic capital markets event, with the company's overall valuation potentially approaching the $2 trillion level. Brett Winton, Head of Portfolio and Research at ARK, said on CNBC that SpaceX's IPO is priced at approximately $135 per share, corresponding to a valuation of around $1.77 trillion, and plans to list on Nasdaq on June 12.Winton pointed out that SpaceX's core value comes not only from its rocket launch business but more so from its rapidly expanding satellite internet network, Starlink. This network currently has a bandwidth capacity of approximately 500 Tbps, generating an annual revenue of around $13 billion. It is expected to significantly reduce launch costs with the Starship rocket, accelerating satellite deployment and network expansion. He believes that as AI applications proliferate rapidly, the demand for global communication and computing infrastructure will further increase, positioning SpaceX as a key infrastructure provider in this trend. ARK also estimates that the AI foundation model industry could create between $15 trillion and $20 trillion in enterprise value by 2030.Currently, ARK holds approximately 11.4% of SpaceX's private shares through its venture capital strategy and considers it one of its core long-term holdings. The fund has risen about 15% so far this year, with gains exceeding 70% over the past 12 months. (CNBC)
on June 4, Coinone announced its strategic collaboration direction with Korea Investment Securities, OKX, and Com2uS Holdings at its headquarters in Yeouido, Seoul. Previously, Korea Investment Securities and OKX had each acquired a 20% stake in Coinone, becoming its third-largest shareholders. Coinone CEO Cha Myunghoon retains his position as the largest shareholder with a 30.36% stake, while Com2uS Holdings continues as the second-largest shareholder with a 24.54% stake. Coinone stated that this is a strategic investment aimed at bridging traditional finance and the crypto asset market, rather than a purely financial one. OKX will serve as Coinone's global technology partner, providing its accumulated technical expertise and support, including trading technology and wallet infrastructure. Korea Investment Securities will offer support in traditional financial compliance and trust systems, while Com2uS Holdings will provide content IP and IT infrastructure. Coinone indicated that in the short term, it will leverage the capabilities of its partners to strengthen its competitiveness in the South Korean crypto asset market. In the medium term, it plans to launch digital financial products such as STOs and stablecoins within the legal framework. Cha Myunghoon stated that after bringing in new shareholders, the continuity and stability of the company's operations will be maintained.
SpaceX, the company led by Elon Musk, disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday that it plans to fix the offering price at $135 per share (consistent with the price disclosed by sources) before officially commencing its IPO roadshow. SpaceX stated that the company plans to issue 555.6 million shares, thereby raising $75 billion. Typically, at this stage of the IPO process, issuers set a price range to test market demand sensitivity at different price levels. However, SpaceX has adopted a more unique pricing strategy. Calculated at $135 per share, SpaceX's valuation would reach $1.77 trillion. This valuation would make SpaceX the seventh-largest publicly traded company in the US by market capitalization, surpassing Tesla, which currently has a valuation of approximately $1.6 trillion. SpaceX plans to officially list on the Nasdaq Stock Exchange on June 12. (Jin Shi)
Odaily Odaily Alexandre Laizet, director of Capital B’s Bitcoin strategy board, stated on X that the company has submitted a new proposal to the board, seeking shareholder approval for a capital raising authorization of up to $122 billion. The proposal aims to accelerate its Bitcoin treasury reserve strategy, including a capital increase of up to €5 billion (equivalent to $5.8 billion) through 125 billion shares at current par value, and a credit instrument authorization of up to €100 billion (equivalent to $116 billion).Shareholders can vote online before the company's joint general meeting of shareholders on June 17. Previously, Capital B purchased 192 Bitcoins for $15.2 million, and subsequently acquired an additional 4 Bitcoins, bringing its total holdings to 3,139 Bitcoins. (cointelegraph)
Starting June 1, the Central Bank of Brazil officially tightened licensing requirements for Virtual Asset Service Providers (VASPs), mandating that all cryptocurrency firms applying for or renewing their licenses undergo independent financial audits. The audit scope covers compliance with anti-money laundering (AML) and countering the financing of terrorism (CFT) regulations, segregation of client funds from platform-owned funds, risk management mechanisms, and staff training. Audit firms must be registered with the Brazilian Securities and Exchange Commission (CVM). Previously, Brazil established a regulatory framework for virtual assets through legislation in 2022 and introduced the VASP licensing category in November 2025. This latest regulation further strengthens compliance oversight of the cryptocurrency industry.
According to CoinDesk, Belgian digital asset services firm Keyrock plans to acquire bankrupt crypto trading and lending company BlockFills for $3.25 million. Keyrock has already been designated the “successful bidder” by the court, and final approval of the deal is pending at a hearing scheduled for June 16, 2026. BlockFills filed for Chapter 11 bankruptcy protection in March this year under its parent company, Reliz Ltd., reporting liabilities between $100 million and $500 million, while holding assets valued at only $50 million to $100 million. This acquisition would grant Keyrock access to BlockFills’ institutional client network—including hedge funds, asset management firms, market makers, and mining companies—as well as its proprietary technology and intellectual property. BlockFills processed over $60 billion in trading volume in 2025 and served approximately 2,000 institutional clients. Keyrock previously completed its Series C funding round, led by SC Ventures, the investment arm of Standard Chartered Bank, achieving a valuation of $1.1 billion.
SpaceX officially filed its IPO prospectus last week. However, CEO Elon Musk's recent social media posts detailing the company's computing power leasing agreement with Anthropic have shown clear discrepancies with the prospectus's content. The prospectus states the collaboration will last until 2029, with a monthly rent of $125 million; Musk claims the agreement is merely a 180-day short-term lease, with either party able to terminate the partnership with 90 days' notice.This divergence makes it difficult for investors to assess the company's valuation, and industry experts have raised questions about the standardization of information disclosure. Furthermore, analysts point out that the prospectus is missing several key data points. SpaceX is expected to go public on June 12. The company is currently valued at over one trillion dollars and continues to operate at a loss. (CNBC)
BIT Official released a chart analysis stating that the crypto market has already begun pricing in the SpaceX IPO ahead of time.The chart shows that SpaceX plans to IPO on June 12 with a valuation of approximately $1.74 trillion, nearly 40% higher than its latest internal valuation of $1.25 trillion. Currently, Hyperliquid and Binance have successively launched SpaceX-related perpetual contracts, with the implied valuation corresponding to the relevant market price standing at approximately $2.41 trillion.Markus Thielen believes this indicates the market is betting that SpaceX will complete its IPO at a higher valuation or deliver a strong performance after listing. Meanwhile, he pointed out that the launch of such contract products also reflects the deepening integration of the crypto market with traditional finance, as crypto trading platforms gradually expand their trading exposure to stocks and popular primary market themes.
According to Bloomberg, SoftBank Group Corp. plans to raise approximately $1.6 billion through a new subordinated bond issuance primarily targeting retail investors. Regulatory filings indicate the bonds have a 35-year maturity, with the issuer holding a call option exercisable after five years. The pricing is scheduled for June 5, with the initial coupon guidance set between 4.8% and 5.6% for the first five years. This marks SoftBank’s second similar retail bond offering within roughly two months.
YZi Labs has announced the opening of applications for Season 4 of the EASY Residency program—a 10-week initiative structured as five weeks online followed by five weeks in-person in Bhutan. Applications close on June 21 at 23:59 GMT−7. This season’s in-person residency will take place in Gelephu Mindfulness City (GMC), a Special Administrative Region of Bhutan, with a focus on Web3, artificial intelligence, and biotechnology—specifically targeting stablecoin infrastructure, global payments, agent economies, next-generation decentralized finance (DeFi), AI infrastructure, and AI × Bio. Selected teams may receive up to $500,000 in funding, including a $150,000 SAFE investment for 5% equity and an additional $350,000 uncapped SAFE. Accommodation, meals, and co-working space during the Bhutan phase are fully covered by the program.
According to the official announcement, Bybit has launched pre-market perpetual contracts for SpaceX (SPCX/USDT), offering up to 10x leverage. SpaceX is scheduled to officially list on the Nasdaq on June 12 under the ticker symbol SPCX, with its IPO aiming to raise up to $75 billion. For more details, please visit the Bybit official platform.
Odaily News, Greeks.live analyzed on X platform that today, Bitcoin Put block trades accounted for nearly 40% of the total volume. The concentrated trades were bear put spreads for end-of-May, involving $75,000/$71,000 strikes, with a total notional value of nearly $200 million. Investors are leveraging the rebound to build defensive positions for the last ten days of the month.Overall, the market leans towards hedging against a pullback but does not anticipate a crash. May and June have traditionally been considered unfavorable months for the market. This month, major investors have been consistently increasing their defensive positions: buying effective protection, selling tail risk financing, and controlling costs.
Bitget Wallet has announced the completion of its RWA trading upgrade and integrated xStocks as a new source of tokenized stocks, providing users with global tokenized stock trading capabilities. From May 19 to June 14 (Beijing time), Bitget Wallet users who complete tiered trading tasks can receive up to $264 in rewards, with a total prize pool of $100,000. Additionally, users who hold, add liquidity to, or participate in the lending market for any xStocks token will receive a 20% exclusive xPoints bonus.Through this upgrade, users can now trade over 300 types of RWA tokens across Ethereum, Solana, and BNB Chain, covering various assets such as US stocks, ETFs, oil, precious metals, and country indices. The service supports 24/7 trading, low transaction fees, and gas-free execution, with trading starting from $0 and no minimum threshold requirement. Currently, Bitget Wallet supports a dual RFQ + AMM trading mechanism, enabling instant execution and effectively reducing spread slippage. It has also integrated AI market signals to assist in trading decisions.xStocks is developed in collaboration between Kraken and Backed. Its tokenized stock products adopt a 1:1 full collateral mechanism with underlying assets. Since its launch in June 2025, the platform has processed a cumulative trading volume exceeding $30 billion. This integration will further advance Bitget Wallet's "Everyday Finance, Onchain" strategy, aiming to enable users to conduct daily trading of traditional financial assets through on-chain wallets, breaking down the geographical and entry barriers imposed by traditional financial infrastructure.
Odaily Bitcoin mining and AI computing infrastructure company IREN Limited announced plans to privately issue $2 billion in convertible senior notes due 2033 to qualified institutional investors under Rule 144A, with an option to increase the offering by an additional $300 million.These convertible notes are unsecured senior debt instruments, paying interest semi-annually, maturing on December 1, 2033. Investors can convert the bonds into common stock of the company under specific conditions. The company may settle repayments or conversions in cash, shares, or a combination of cash and shares. According to the terms, IREN can redeem the notes early after June 2030 if certain stock price conditions are met. In the event of a "fundamental change," investors can demand the company repurchase the bonds at par value plus accrued interest.Regarding the use of proceeds, the company will allocate a portion to cover the cost of the "capped call" transactions, with the remainder for general corporate purposes and working capital. This structure is designed to hedge against potential equity dilution from the conversion of the notes. Concurrently, IREN will enter into hedging agreements with financial institutions to mitigate conversion risk through derivatives and stock transactions. This mechanism may not fully offset dilution if the stock price exceeds the set "cap price." Additionally, the hedging counterparties may engage in related transactions during the issuance and life of the notes, which could impact IREN's stock price and the value of the convertible notes.Overall, this financing arrangement enhances the company's capital flexibility while introducing a relatively complex structural hedging mechanism to balance expansion funding needs with equity dilution risk. (Globenewswire)
According to CoinDesk, K Wave Media (KWM), a South Korean media company listed on Nasdaq, disclosed to the U.S. Securities and Exchange Commission (SEC) that it would redirect its $485 million financing facility—originally earmarked for Bitcoin purchases—toward investments in AI infrastructure, including data centers, GPU compute operations, and related acquisitions. The funding stems from a revised agreement with Anson Funds, a structured equity financing firm. The company had originally established a $500 million financing facility in June 2025, exclusively for Bitcoin purchases. Less than one year later, it announced abandoning this strategy in favor of betting on the AI sector and plans to rename itself “Talivar Technologies,” pending approval at its shareholders’ meeting scheduled for early July. Following the announcement, KWM’s stock closed down 24% on Monday and fell another 4% pre-market on Tuesday.
According to CoinDesk, SpaceX is expected to go public in June and could surpass Saudi Aramco’s $29 billion IPO in 2019 to become the largest IPO in history. Meanwhile, OpenAI and Anthropic are also planning to go public in the second half of this year. Collectively, these three companies are projected to raise over $240 billion—potentially marking a pivotal turning point for liquidity in the crypto market. Market analysts believe these mega-IPOs could significantly drain liquidity from risk assets, with the crypto market sitting in the same funding pool. As mainstream crypto assets such as Bitcoin and Ethereum have closely tracked the Nasdaq and U.S. equity risk sentiment in recent years, a large-scale shift of capital toward subscribing to tech giants’ IPOs may weaken buying support for BTC, ETH, and altcoins.