Hyperliquid was already able to trade SpaceX's valuation last year, and a certain trader has already realized a 760% gain.
As of May 20, monitoring from Hyperinsight shows SpaceX’s IPO is in the final countdown to its listing, with the market widely anticipating it will set a new record for the largest IPO ever.
Among SpaceX-related pre-IPO contracts, one early strategic investment has already generated a 760% return. A strategic investor using the wallet address 0x258 opened a 2x-leveraged long position right after the SPACEX/USDH trading pair (hosted by Ventuals) launched on Hyperliquid. Their average entry price was roughly $445, which translates to a $4.45 trillion valuation. The initial outlay for this position was just $31,500; as of press time, the position has a floating profit of $239,700—an over 760% return. Notably, this same wallet also made significant gains from longing Anthropic 110 days ago.
Additionally, on the recently launched SPCX/USDC trading pair (hosted by trade.xyz) on Hyperliquid, the largest long position holder—wallet 0x4e2—opened a 5x-leveraged long position of 16,540 unit
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The Governor of South Carolina Signs S.163 Bill, Prohibiting Discriminatory Taxation Against Bitcoin
On May 20th, South Carolina’s governor signed Senate Bill 163 (S.163), a piece of legislation designed to safeguard Bitcoin self-custody rights, ban discriminatory taxation targeting Bitcoin, and grant legal protection to proof-of-work (PoW) mining operations within the state. The bill marks the latest step in a growing trend across U.S. states to clarify clear legal frameworks surrounding Bitcoin holding, utilization, and mining activities.
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Binance will conduct wallet maintenance on the Ethereum (ETH) network tomorrow.
Per an official statement issued May 20, Binance will conduct wallet maintenance for the Ethereum (ETH) network at 14:00 UTC+8 on May 21, 2026. To support this maintenance, Binance will pause all Ethereum (ETH) deposits and withdrawals starting at 13:55 UTC+8 on May 21, 2026. The maintenance is expected to take 1 hour, and deposit and withdrawal services will automatically resume once the work is completed.
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BlackRock and Vanguard Group Disclose Holdings in Bonk Treasury Corp (BNKK)
May 20 – According to the latest 13F regulatory filings, BlackRock and Vanguard Group have disclosed minor holdings in Bonk Treasury Company (ticker: BNKK). BlackRock’s stake totals 33,188 shares, valued at roughly $87,000, while Vanguard Group holds 188,580 shares worth approximately $491,000.
Last October, NASDAQ-listed company Safety Shot, Inc. announced a major strategic rebrand: the firm officially changed its name to Bonk, Inc. and shifted its core business focus to operating as a BONK digital asset treasury company.
Notably, these small positions typically stem from routine allocations by passive index funds — automatic purchases that happen when a stock is added to small-cap or specific indices — and do not necessarily reflect an active “meme coin” investment bet.
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Trump Directs Fed to Evaluate Granting Cryptocurrency Firms Main Account Access
On May 20th, President Trump signed an executive order Tuesday titled *Integrating Financial Technology Into the Regulatory Framework* that directs the Federal Reserve to evaluate plans allowing fintech companies and crypto firms direct access to the Fed’s payment systems.
The order pushes the federal government to scrap overly burdensome rules for fintech innovation, and asks the Fed to conduct a full review of the regulatory framework governing non-bank firms seeking reserve bank accounts and services. Additionally, it instructs the Fed to clarify whether the 12 individual Federal Reserve Banks have independent legal authority to grant or deny access to payment accounts and services, and mandates the central bank to submit a report to the President within 120 days.
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Two American Men Arrested for Breaking into Japanese Zoo Housing Famous Internet Icon Monkey Punch to Promote Meme Coin
On May 20, BBC reported that two American men were arrested last Sunday after breaking into Ichikawa Zoo in Japan. The zoo houses a baby monkey named Punch, who went viral on social media earlier this year.
Reid Jahnai Daysun, 24, climbed over a fence into the monkey enclosure, while his accomplice Neal Jabahri Duan, 27, recorded the entire incident. Following the break-in, Chiba Prefectural police—based in a Tokyo suburb—took both men into custody.
Surveillance video shows Daysun wearing a blue suit covered in smiley-face emojis as he crawled into the monkey habitat. The report notes that Daysun’s unusual outfit appeared to mimic the emojis often used to promote meme-based cryptocurrencies. The pair never made contact with Punch or any other monkeys before being caught by zoo security.
Ichikawa Zoo announced Monday that it has filed a police report about the incident and is putting new measures in place to prevent similar events from happening again. The two men currently face char
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