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IOSG Founding Partner: Listing is no longer a rising tide that lifts all boats, but an early exit opportunity for initial holders

1 hours ago

June 4 – IOSG Founding Partner Jocy posted on social media that his team has compiled listing data from six major Tier-1 crypto exchanges and Binance Perpetual, covering the period from 2026 to the present day. The dataset includes 207 total listings across 92 unique tokens. The core finding: None of the tracked exchanges delivered a positive average return in the 30 days following a token’s listing. Jocy noted that in the current bear market, a new listing no longer signals broad price gains—instead, it has become an exit opportunity for early holders, including project teams, institutional investors, and early backers. The data also uncovered a highly structured listing transmission chain: Coinbase and Bybit handle early price discovery, Binance Perpetual validates liquidity within a few days, Binance Spot typically confirms a price trend after a pullback, and Korean exchanges act as the final endpoint for high-level acquisition. A token’s full price cycle, from its initial listing to trading on a Korean exchange, takes just over 20 days. Jocy added that for the same token under identical market conditions, the difference in 14-day returns can reach 4.5 percentage points solely due to exchange choice and entry timing. His conclusion: In 2026, where a token lists matters far more than which tokens you choose for trading outcomes.
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Impulse Space, founded by SpaceX's first employee, has completed a $500 million Series D funding round, reaching a valuation of $4.26 billion.

On June 4, tech industry news outlet Tech Funding News reported that Tom Mueller—SpaceX’s first-ever employee—has founded space infrastructure firm Impulse Space, which has secured a $500 million Series D funding round. The round was co-led by 137 Ventures and BANNER VC, putting Impulse’s post-money valuation at $4.26 billion. With this financing, the company has now raised more than $1 billion in total capital. Founded in 2021, Impulse Space specializes in solving maneuvering challenges faced by spacecraft after launch. The company builds chemical propulsion systems for rapid trajectory adjustments, orbital transfers, and on-orbit operations. Its Mira Precision Maneuvering Spacecraft has already completed multiple successful missions, while the Helios high-energy upper stage is scheduled for its maiden flight in 2027. The Helios system is designed to quickly deliver payloads to geostationary Earth orbit (GEO), the Moon, and heliocentric orbits. Mueller, a former SpaceX veteran who l

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BlackRock ETF saw net outflows of 30,119 BTC and 161,829 ETH over the past 10 days

As of June 4, data from LookOnChain indicates that BlackRock’s ETF has experienced net outflows of 30,119 BTC (approximately $1.92 billion) and 161,829 ETH (around $320 million) over the past 10 days.

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World Gold Council: Fed Rate Hike Could Unexpectedly Benefit Gold

June 4 – The World Gold Council’s latest Gold Market Commentary report, released on June 4, forecasts that mounting inflationary pressures will likely push the Federal Reserve to raise interest rates in the period ahead. We hold the view that such a rate hike could actually benefit gold, a seemingly counterintuitive dynamic. Historical data supports this: gold has delivered positive returns in over 50% of instances following an interest rate increase. Notably, the U.S. dollar’s impact on gold’s trends appears to carry more weight than interest rates themselves. Medium-term growth dynamics, yield convergence, and the broader trend of investors diversifying away from U.S. assets have set the stage for the greenback’s future weakness. Additional tailwinds for gold include key gold-consuming nations like China and India, as well as ongoing global central bank gold purchases—both of which show far less structural sensitivity to U.S. interest rates, potentially providing sustained support f

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Binance will list ZEST and BTW perpetual contracts

Per an official announcement dated June 4th, Binance Futures will list the following perpetual contracts at the specified times: - At 10:00 PM (UTC+8) on June 4, 2026: ZESTUSDT perpetual contract, with up to 10x leverage - At 10:15 PM (UTC+8) on June 4, 2026: BTWUSDT perpetual contract, with up to 10x leverage

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Enterprise Spend Management Platform Ramp Completes $750 million Series F Funding Round, Valued at $44 billion

On June 4, Ramp, an enterprise spending management platform, announced it has closed a $750 million Series F funding round that values the company at $44 billion. The round was led by ICONIQ, GIC, and the Ontario Teachers’ Pension Plan, with participation from new backers including Goldman Sachs Alternatives, D.E. Shaw & Co., Morgan Stanley Investment Management, Generation Investment Management, Insight Partners, and BroadLight Capital. Ramp noted that this capital will be used to expand investments in client-facing AI capabilities. Through March 2026, the company reported Total Payment Volume (TPV) jumped roughly 170% year over year—its fastest growth rate in three years. In recent months, Ramp rolled out over 70 new products and core features, closed two acquisitions of Billhop and Juno, and plans to start serving businesses across the UK and Europe this summer. Ramp has also deepened its long-standing partnership with Visa to power AI agents that execute autonomous corporate payme

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The number of initial jobless claims in the United States rose to 225,000, reaching a new high since February.

NEW YORK, June 4 — U.S. initial jobless claims for the week ending May 30 came in at 225,000, above the consensus estimate of 213,000 and the revised prior week’s figure of 212,000, hitting their highest level since the first week of February. The four-week moving average rose to 214,750 from 208,250 the week before. Continuing jobless claims totaled 1.777 million, a touch below the forecasted 1.780 million. The uptick in initial claims points to a cooling labor market, though claims levels remain historically low and stable. Continuing jobless claims notched a minor decline. It’s worth noting that continuing jobless claims data lags initial claims by one week, so next week’s figures will align with this report’s initial claims reading. In pre-market trading, U.S. stock futures were mixed: Dow futures advanced 1%, S&P 500 futures slipped 0.22%, and Nasdaq futures fell more than 1%. U.S. Treasury yields pulled lower across the board, with the 2-year Treasury yield sliding 4.5 basis poi

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