SpaceX IPO tests investor appetite for Elon Musk’s next mega cap company
SpaceX begins trading after a record $75B IPO, Bitcoin holds near $64K as crypto rebounds, and SBF loses his appeal.
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Markets are back in risk mode, and the biggest test is here.
SpaceX is stepping onto public markets with the largest IPO ever. Bitcoin is holding its rebound from last week's lows, helping lift sentiment across crypto.
SBF’s latest bid to overturn his conviction has failed, while Metaplanet is expanding its Bitcoin strategy beyond accumulation into financial products.
Today's stories share a thread: capital is moving again, but investors are being forced to decide what still deserves their trust.
SBF's appeal denied, court upholds 25-year sentence for FTX fraud
Sam Bankman-Fried will stay in prison until 2044.
A federal appeals court in Manhattan rejected his bid to overturn the conviction.
The ruling sends a clear message: crypto founders aren't above the law.
Markets
SpaceX IPO debut and geopolitical signals fuel risk appetite
SpaceX hit public markets at a $1.7T valuation, the largest IPO in history.
Iran's foreign minister hinted at a peace deal, adding fuel to the risk-on mood.
Bitcoin bounced from yearly lows near $60K last week and has kept climbing since.
BTC traded near $64K, ETH hovered below $1.7K, SOL climbed past $68, and XRP held near $1.15.
Metaplanet is buying a Japanese securities firm for $13M to build a Bitcoin yield business
Tokyo-listed Metaplanet is acquiring Siiibo Securities for $13M.
The plan is to rename it Metaplanet Securities and offer Bitcoin yield products through a regulated platform.
Japan may soon get its first bridge between corporate bonds and Bitcoin returns.
Polymarket processes $118M in World Cup bets on opening day
The 2026 FIFA World Cup kicked off, and Polymarket had a field day.
Its flagship "World Cup Winner" market has now hit $2B in cumulative volume.
Prediction markets are no longer a crypto sideshow. They're competing with sportsbooks.
On Our Radar
The credit shift: Crypto OTC desks are quietly becoming lenders, not just brokers.*
NVIDIA's new best friend: Sharon AI soars on a six-year compute deal.
Turf war heating up: SEC Chair Gensler challenges CFTC's regulatory grip on prediction markets.
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