US Senator Seeks to Delay SpaceX IPO: Index Funds to Be Forced to Buy at High Prices, Initial Market Cap Severely Overvalued
June 10 — U.S. Senate Democratic Caucus Vice Chair Elizabeth Warren has formally sent an open letter to SEC Chair Paul Atkins, urging a delay in SpaceX’s upcoming initial public offering (IPO), citing a range of investor protection and market integrity concerns, CNN’s Matt Egan reported.
Warren’s stated reasons for requesting an IPO delay include:
- Significant doubts over SpaceX’s valuation, which she argues is likely severely inflated;
- Flawed corporate governance structures that leave investors inadequately protected;
- Recent changes to index fund rules that will automatically add SpaceX to major indices immediately post-listing, forcing passive funds to buy shares at potentially overpriced levels;
- Such index inclusion would systematically transmit SpaceX’s valuation risks to millions of retirement savings accounts;
- The IPO carries substantial risks for ordinary individual investors and retirement savings;
- The company’s IPO structure disproportionately benefits SpaceX insid
8 minutes ago
Curve has launched the lending protocol Llamalend v2 on Optimism.
Curve Finance rolled out its Llamalend v2 lending protocol on Optimism on June 10, with plans to deploy the tool to Ethereum’s mainnet in the second half of this year. Llamalend v2 removes the prior restriction that limited it to only supporting crvUSD, now enabling almost any collateral to be used in borrowing pairs. The upgrade also integrates LlamaRisk as the market oracle, tasked with evaluating new collaterals and overseeing the full lifecycle of the protocol’s markets. For users, a key perk: they can leverage their Curve LP tokens as collateral to borrow funds while retaining their positions in the liquidity pool—a feature that notably boosts capital efficiency across the platform.
8 minutes ago
Pyth Launches US Stock & Commodity Spot Price Index
June 10 — Oracle network Pyth has launched continuous price feeds for U.S. stocks and commodities, enabling round-the-clock trading capabilities for the cryptocurrency market. The initial set of assets covered in the launch includes U.S. stocks like Nvidia, Tesla, Apple, Circle, and Strategy, alongside commodities such as gold, silver, WTI crude oil, and Brent crude oil.
8 minutes ago
BeanBag Pro Version Opens Grayscale Testing, Premium Tier Annual Fee Exceeds $5,000
Monitoring by Dongcha Beating (via https://t.me/OneMillion_AI) shows that ByteDance’s AI app Dou Bag has launched a gray-scale test for paid subscriptions. Many users have recently reported receiving reminders about the "Dou Bag Professional Edition" when using the app’s Expert Mode. The service is set to officially launch by the end of June, with related feature updates announced at ByteDance’s Force Conference scheduled for the same time period.
Back in May, Dou Bag updated its paid service terms on the Apple App Store, disclosing three subscription tiers. Subscriptions are managed through users’ Apple iTunes accounts, and renewal fees will be automatically charged 24 hours before the current billing period ends. The specific pricing for each tier is as follows:
- Standard Edition: $68 per month (recurring) or $688 per year (recurring)
- Enhanced Edition: $200 per month (recurring) or $2048 per year (recurring)
- Professional/Advanced Edition: $500 per month (recurring) or $5088 per
8 minutes ago
BlackRock Deposits 1,564 BTC into Coinbase, Worth $96.49 Million
June 10 Update: Per Onchain Lens monitoring, BlackRock deposited 1,564 BTC into Coinbase, worth $96.49 million.
8 minutes ago
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