The crypto market warmed up overnight, with Bitcoin briefly rising to $63,800. The total crypto market cap saw a 2.5% rebound in the past 24 hours.

**SpaceX Completes Equity Distribution, Pre-Market Valuation Hits $2.2T (June 12 Update)** On June 12, SpaceX finalized an equity distribution to institutional and strategic shareholders, bringing the company’s pre-market valuation to $2.2 trillion. Data compiled by BlockBeats shows over a dozen top institutions—including Alphabet (Google), Baron Capital, D1 Capital, Darsana, and Scottish Mortgage—collectively hold roughly 9% of SpaceX’s outstanding shares. Alphabet leads all shareholders with a 5.000% stake, valued at $110 billion, for an estimated profit of $109 billion. Separately, existing X (the platform formerly known as Twitter) shareholders will proportionally claim the final 5% of SpaceX shares via a $33.5 billion equity pool. Through public funds and special purpose vehicle (SPV) channels, entities like Private Shares Fund and ARK Venture Fund hold a combined ~0.05% of SpaceX’s shares. Small-scale disclosures also detail holdings tied to Trump associates and U.S. g

On June 12, Bitget PoolX launched two new projects: Unitas (UNITAS) and United Stables (U), with a total airdrop of 600,000 tokens, detailed below: UNITAS PoolX: Users may stake ETH to access up to 450,000 UNITAS tokens, with a maximum individual staking cap of 1,500 ETH. The staking window runs from June 11 at 8:00 PM UTC+8 to June 18 at 8:00 PM UTC+8. Bonuses include: a 5% ETH yield boost coupon for users with net ETH deposits during the participation period; and a 15% ETH yield coupon for first-time PoolX participants who meet the net deposit requirements. U PoolX: Users may stake BTC to unlock 150,000 U tokens, with a maximum individual staking limit of 50 BTC. The staking period is from June 11 at 8:00 PM UTC+8 to June 17 at 8:00 PM UTC+8. Bonuses include: a 2% BTC yield boost coupon for users with net BTC deposits during the participation period; and a 10% BTC yield coupon for first-time PoolX participants who meet the net deposit requirements.

June 12: According to GMGN monitoring, the Chinese meme coin “Crybaby Horse” on the BSC blockchain continued its rally over the weekend, bouncing 500% off its lows in the past week. Its market capitalization crossed $5 million this morning; it currently stands at $4.74 million, with a 90% gain in the last 24 hours and $2.4 million in trading volume over the same period. BlockBeats Alert: Meme coins are highly volatile assets driven almost entirely by market sentiment and hype, with no tangible real-world value or practical utility. Investors are strongly advised to exercise caution regarding associated risks.

June 12 – On-chain analyst AI Auntie (@ai_9684xtpa) reports that a Bitcoin contract whale initially set 10 large trading targets and earned $9.895 million. Seven hours ago, the whale closed 1,365.317 BTC in positions. To date, it has closed a total of 2,782.977 BTC in long positions, valued at $205 million. Currently, only 52.352 BTC remains open, with each of its trades generating nearly tens of millions of dollars in profit per coin. However, on June 4, the same whale lost $6.685 million from BTC long positions, holding an open position of 3,072.127 BTC at that time.

On June 12, roughly $25.1 billion in cryptocurrency options are set to expire today, with key breakdowns for Bitcoin and Ethereum: Bitcoin options carry a notional value of $22.3 billion, a put-call ratio of 0.68, and a max pain price of $66,000. Ethereum options have a notional value of $2.91 billion, a put-call ratio of 0.62, and a max pain price of $1,750. Despite recent market volatility, positions for both assets still tilt toward call options. Ahead of the expiry, Bitcoin and Ethereum are trading above their respective max pain prices, and their put-call ratios remain below the 1.0 threshold.

June 12 — Per Hyperinsight Monitoring, SanDisk (SNDK) closed 14.5% higher to set a new all-time high. The asset’s overnight session extended its upward momentum, hitting a peak near $2,000 — a 131% jump from two months prior. On the Hyperliquid trading platform, the SNDK contract is currently priced at $1,919, with a 24-hour trading volume of $170 million, making it one of the two most actively traded stock contracts on the platform alongside Micron Technology (MU). According to monitoring data, one trader opened a 10x leveraged long position on SNDK 65 days ago, investing just $5,400 upfront. As of press time, this position has generated a floating profit of $89,900, equating to a return rate of over 1,650%. The same trader also holds a long position on MU, which carries a floating profit of more than 1,010%. Wallet address: 0xd5da6d6270974c43c654d318e66165e6fd166cac.