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Solana staking protocol Fragmetric completes $7 million seed round

2025.02.07 23:40:18

On February 7th, the Solana re-staking protocol, Fragmetric, announced the completion of a $7 million seed round of financing. This round was led by Finality Capital Partners and Hashed. Institutions such as Hypersphere, Presto Labs, Bitscale Capital, Halo Capital, and Flowdesk participated. Additionally, it received support from several angel investors within the Solana and restaking ecosystems. Fragmetric intends to achieve precise distribution of NCN (Node Consensus Network) rewards in the Solana ecosystem. It aims to provide a more efficient capital utilization solution for Solana LST (Liquid Staking Token) while enhancing network security and decentralization.
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SpaceX's contract position on trade.xyz has surged to third place.

Per official data, SpaceX’s contract position on trade.xyz hit $293 million on June 12, landing it the third spot on the platform. At press time, SPCX is trading at $175.7, with a 24-hour trading volume of $390 million.

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SpaceX Stock IPO Opens at $172 on First Day

SpaceX’s U.S. stock IPO opened at $172 per share on its first trading day, June 12, with an initial offering price of $135 per share.

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SpaceX is expected to IPO at $175 per share, surpassing a $2 trillion market cap at the opening.

June 12: Per market sources, SpaceX has revised its expected opening price to $175, pushing its market capitalization past $2 trillion.

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Kraken Employee: SpaceX Order Cut Due to Global Demand Far Exceeding Underwriters' Allocation

On June 12, Kraken staffer Nata shared an explanation for why SpaceX’s Pre-IPO order was only partially filled: global demand vastly exceeded the underwriter’s allocation, and the unfilled portion will be fully refunded with no fees. Earlier, Nata had posted that the subscription quota for SpaceX tokenized stock (SPCX) on Kraken’s xStocks platform was "much, much lower than expected—drastically reduced," with a footnote noting "hedging canceled." Kraken has yet to release an official statement on this matter.

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Coinbase to Unveil Next Stage of 'Everything Exchange' Plan on June 16

On June 12, crypto exchange Coinbase announced it’s advancing its "Everything Exchange" strategy, with plans to integrate trading for cryptocurrencies, stocks, ETFs, prediction markets, perpetual contracts, and other assets under a single unified account. The platform will also offer 24/7 trading, fast settlement, and AI investment assistants. Coinbase noted it will host a "Take Control" event on June 16 to unveil the next phase of this strategy, which is expected to add more financial services including payments, lending, yield products, and asset staking.

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Elon Musk Fails to Appear at Nasdaq Closing Bell, Delivers Remote Speech at Starbase Headquarters

On June 12, SpaceX’s Nasdaq bell-ringing ceremony officially wrapped up. Elon Musk wasn’t present at Nasdaq’s headquarters—he delivered his speech remotely from SpaceX’s Starbase facility in Texas. During his remarks, Musk reflected on SpaceX’s trajectory from very humble roots: “It’s hard to believe a company that started in a tiny El Segundo warehouse is now on track for the largest IPO in history. If someone had told me this years ago, I would’ve figured they were either pulling my leg or smoking something wild.” He also reaffirmed SpaceX’s long-term mission priorities: advancing interplanetary exploration, developing Starship, expanding Starlink, building space-based AI data centers, and other related initiatives.

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