Author: boss

SpaceX Hits $2.1T on Debut Day, Making Elon Musk the World’s First Trillionaire – Bitcoin News

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Key Takeaways SpaceX raised $75 billion in the largest initial public offering (IPO) ever recorded, opening SPCX at $150 on June 12, 2026. Elon Musk’s net worth crossed $1.1 trillion, making him the first individual to reach trillionaire status. Starlink generated $1.19B in Q1 operating profit, but SpaceX’s artificial intelligence (AI) unit burned $2.47B in the same period. Record Raise, Record Wealth The company priced 555.56 million shares at $135 apiece on June 11, pulling in $75 billion in a primary offering that more than doubled Saudi Aramco’s 2019 raise.…

Sky Proposal Seeks To Double USDC PSM Buffer To $800M

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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…

Metaplanet to Launch Bitcoin Yield Products in Japan After $13 Million Siiibo Securities Deal

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Key Takeaways Metaplanet will buy Siiibo for $13 million, adding a licensed Japanese securities platform. With 40,177 BTC, Metaplanet aims to bring Bitcoin yield products to Japan’s $7.4T market. Project Nova plans BTC-backed securities and lending after closing in July/August 2026. Metaplanet Targets Japan’s $7.4 Trillion Cash Pile With Bitcoin-Linked Investments Metaplanet is making its first major acquisition, agreeing to buy 100% of Siiibo Securities as the bitcoin treasury company moves to build a regulated financial platform in Japan. The company said Siiibo, a pioneer in Japan’s online corporate bond…

Bitcoin falls to 15th in market cap rankings as BTC trades 49% below ATH

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Bitcoin has fallen to 15th place among global assets by market capitalization. Bitcoin ranked 15th among global assets, below SpaceX, Tesla, Meta, Samsung, and Saudi Aramco. BTC traded near $63,849, giving the asset a market value of about $1.275 trillion. Bitcoin remained 49.45% below its $126,198.07 all-time high recorded on Oct. 6, 2025. CompaniesMarketCap data placed BTC below several technology companies, Saudi Aramco, and newly listed SpaceX. The ranking came as Bitcoin traded near $63,800 with a market value of about $1.275 trillion. Bitcoin falls behind as technology stocks dominate…

Can Bitcoin break $65k as traders challenge Galaxy’s bearish cycle call?

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Bitcoin climbed above $64,000 on June 12 as improving market sentiment and bullish technical signals challenged a recent Galaxy Digital forecast that the cryptocurrency may not bottom until the fourth quarter. Summary Bitcoin climbed above $64,000 as traders challenged Galaxy Digital’s warning that the cycle bottom may not arrive until Q4 2026. A potential inverse head-and-shoulders pattern, rising open interest, and positive funding rates point to improving bullish momentum. ETF outflows and Galaxy’s capitulation metrics suggest downside risks remain despite the recent rebound. The rebound comes just days after Galaxy…

Bitcoin Climbs to $64,349 After Trump Signals Iran Deal Despite Tehran Pushback

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Key Takeaways Bitcoin hit a 7-day high of $64,349 on June 12 amid fluctuating reports of a U.S.-Iran diplomatic deal. Spot bitcoin ETFs bled $405M last week, resulting in $88M in total derivatives market liquidations. Bitunix analyst predicts bitcoin will compete directly with global liquidity headwinds in the months ahead. Bitcoin Eyed $64K Amid Geopolitical Whiplash On June 12, bitcoin breached the $64,000 mark as enthusiasm was sparked by U.S. President Donald Trump’s announcement that Washington and Tehran had reached a deal to end hostilities. Market data show that after…

Kraken Adds USDCx Support On Canton Network

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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…

Bitcoin ETF Outflows Slow to $19 Million as Blackrock and Morgan Stanley Buy

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Key Takeaways Bitcoin ETFs lost $19M on June 11, extending a 5-day outflow streak despite IBIT inflows. Ether ETFs shed $15.9M as FETH outflows outweighed ETHA’s $8.6M gain. HYPE stayed positive with $622K inflows, while solana ETFs lost $4.4M. Bitcoin and Ether ETFs Stay Negative While HYPE Funds Extend Inflow Streak The red ink remained, but the pressure was no longer one-sided. Bitcoin ETFs ended the day with $19.03 million in net outflows, extending their new losing streak to five trading days. The headline was negative, yet the underlying flows…

Sam Bankman-Fried Loses Appeal as Trump Pardon Bid Continues

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Former FTX CEO Sam Bankman-Fried failed to overturn his fraud conviction and 25-year prison sentence tied to the collapse of FTX after a three-judge appeals panel rejected his bid for relief. The unanimous ruling by the 2nd US Circuit Court of Appeals in Manhattan, New York, found that the government’s case against Bankman-Fried was, in the court’s words, “conservatively stated, robust,” according to Reuters. Source: Toby Cunningham “While he ‌was publicly reassuring customers, investors and regulators ‌that FTX customer funds were safe, he was simultaneously using FTX as his own…

Will Bitcoin’s 200-Week Moving Average Ruin the BTC Price Comeback?

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Bitcoin (BTC) hit $64,000 after Friday’s Wall Street open while analysis warned of “unreliable” BTC price support. Key points: Bitcoin hits local highs during the US trading session as US-Iran peace hopes offer modest risk-asset relief. SpaceX looks set to launch the largest IPO ever witnessed, BTC price concerns linger over the ability of a key trend line to hold as support. Crypto, risk assets “shrug off” inflation headwinds Data from TradingView showed BTC/USD retaining gains as crypto and risk-asset markets surfed mixed signals over a US-Iran peace deal. BTC/USD…