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SpaceX is set to go public on June 12th, with an official IPO valuation of $1.77 trillion.

1 hours ago

Bloomberg News, June 4 — Elon Musk’s SpaceX filed paperwork with the U.S. Securities and Exchange Commission (SEC) on Wednesday for its upcoming initial public offering (IPO), setting a fixed share price of $135 ahead of officially launching its IPO roadshow, according to the filing. That price matches what anonymous sources had previously disclosed. The document also states SpaceX plans to issue 5.556 billion shares, raising $750 billion from the offering. Most issuers at this stage of the IPO process typically set a price range first to gauge how investor demand shifts at different valuation levels. But SpaceX used a more straightforward approach here. At $135 per share, the company’s total valuation would reach $1.77 trillion. That valuation would make SpaceX the seventh-largest publicly traded U.S. company by market capitalization, surpassing peer Tesla, which currently carries a valuation of roughly $1.6 trillion. The firm is scheduled to begin trading on the Nasdaq exchange on June 12.
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Bitcoin Price Falls Below $62,000

June 4 – According to HTX market data, Bitcoin has fallen below $62,000, currently trading at $61,996, marking a 7.15% drop in the past 24 hours.

6 minutes ago

In the past 12 hours, there has been a total of $1.03 billion in liquidations across the entire network, with the majority coming from long positions.

On June 4th, data from Coinglass indicates total cryptocurrency network liquidations hit $1.03 billion over the past 12 hours. Breaking down the figures, $952 million stemmed from long-position liquidations, while short-position liquidations accounted for $77.55 million.

6 minutes ago

Drift announces rebrand to Solana ecosystem Perp DEX, with revenue allocated to establish a user compensation fund

On June 4, Drift Protocol laid out its top immediate priorities: relaunching its platform and restoring revenue-generating capabilities to speed up the recovery of user funds. Once back online, the platform will target becoming Solana’s largest USDT perpetual swap trading venue, with all related earnings set aside for a dedicated user compensation fund. The protocol noted that it has made meaningful progress on the relaunch thanks to strategic support from Tether and other partners. To strengthen security, Drift has appointed Noah Prince—former engineering lead at Helium Protocol—as its new protocol lead, responsible for protocol restructuring and security system overhauls. Additionally, team members from Gauntlet have joined the relaunch effort to provide risk management and treasury design support, including liquidation engine audits, funding rate optimization, market parameter adjustments, and ongoing risk monitoring. Drift has also engaged cybersecurity firm Mandiant to conduct a

6 minutes ago

A certain whale, dormant for 4 months, borrowed 10 million USDT and then accumulated 5,589 ETH.

On June 4, monitoring from Onchain Lens revealed that a crypto whale re-entered the market after four months of dormancy: it lent out 10 million USDT and purchased 5,589 ETH at an average price of approximately $1,789 per ETH.

6 minutes ago

The Crypto Fear & Greed Index is currently at 12, indicating that the market is experiencing "Extreme Fear" sentiment.

June 4 — Per Alternative Data, today’s cryptocurrency Fear & Greed Index comes in at 12, a slight uptick from yesterday’s 11, leaving the market firmly stuck in “Extreme Fear” territory. There’s no sign of growing panic even as Bitcoin continues its ongoing decline. Note: The index runs on a 0–100 scale, and draws from six weighted metrics: Volatility (25%), Market Volume (25%), Social Media Sentiment (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends Analysis (10%).

6 minutes ago

Arthur Hayes Calls WLD Long Once Again: Immediate "Moonshot" Expected, Don't Miss the Primary Uptrend

June 4: BitMEX co-founder Arthur Hayes has once again touted Worldcoin (WLD), stating that anyone shorting the token should prepare to suffer losses. Calling WLD a meme coin, Hayes predicts it’s set to "moon" (skyrocket), with its ties to the AI concept being the core catalyst. He advised investors to set aside rational mindsets or mean reversion analysis, noting that failing to do so would cause them to miss the upcoming primary uptrend. Per HTX market data, WLD is currently trading at $0.5243, marking a 33.04% gain over the past 24 hours.

6 minutes ago

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