Kraken Employee: SpaceX Order Cut Due to Global Demand Far Exceeding Underwriters' Allocation

On June 13, cryptocurrency data provider Blockworks announced its acquisition of Messari, according to Bloomberg.

June 13: Per Kraken’s official website, its Kraken xStocks platform has notified users in China that withdrawals for SPCXx are no longer permitted. Prior to this update, SPCXx listings on the Kraken xStocks platform were marked as “Trading Halted,” a status Kraken linked to local regulations that prohibit trading this asset in China.

June 13 — Market sources say leading independent global investment research firm CFRA has initiated coverage of SpaceX’s stock, assigning a Sell rating and setting a $115 price target.

June 12: SpaceX’s stock price climbed to $160, posting an approximately 18% intraday gain, according to Bitget’s data.

June 12: Binance has released an official announcement noting that due to force majeure, the Binance Wallet SPCXx Initial Public Offering (IPO) cannot move forward as scheduled. Below are the solutions arranged for participating users: **Full Refund** All locked USDC belonging to participating users will be fully refunded to their original payment methods. Users do not need to take any action to receive this refund. Refunds will be processed in batches, with all payments scheduled to be completed by June 12, 2026. **$1,000,000 SPCXB Airdrop** As a gesture of gratitude to users who took part in this event, Binance will airdrop a total of $1 million worth of bStocks SpaceX tokens (SPCXB) to every eligible participant. The airdrop will automatically be deposited into participating users’ spot accounts by June 18, 2026—no action is required from users to claim this airdrop.

BREAKING: June 12, per CNBC — SpaceX is set to start trading in 5 minutes.