SpaceX Falls After Opening Bell, Initially Surges 5%

June 17 update: According to MLM Monitor, eight months after XPL’s Token Generation Event (TGE), prominent trader Technorevenant still holds all 80 million XPL he purchased just days following XPL’s TGE. This stake is valued at $9.2 million, accounting for 0.8% of XPL’s total supply. As XPL’s price has climbed over the past few days, Technorevenant’s unrealized loss has narrowed from roughly $91 million at the recent price bottom to $86.6 million.

June 17: HTX market data shows XPL has rallied 26% over the past 24 hours following the launch of Plasma One, currently trading at $0.116. Earlier, Plasma officially unveiled Plasma One, its stablecoin-native digital banking app. New users who sign up within the next 7 days will receive a complimentary 1-year Core membership, valued at over $1,000.

June 17: The U.S. and Iran are in talks to move up the signing ceremony for a Memorandum of Understanding (MOU) originally scheduled for Friday to Wednesday, according to sources who spoke to Axios, per a Financial Times report.

June 17, Anthropic officially announced the launch of its Seoul office and new partnerships with enterprises, startups, and research institutions across Korea’s AI ecosystem. NAVER has rolled out Claude Code across its entire engineering organization, with thousands of engineers using the tool to boost coding productivity. Global online gaming firm Nexon’s engineering team is also leveraging Claude Code for key tasks related to real-time service games: writing, reviewing, and deploying game code. On the enterprise front, LG CNS has deployed Claude to thousands of its employees and plans to expand access across the broader LG Group. Hanwha Solutions is making Claude available to its global workforce via AWS Bedrock to meet regional data residency and security requirements. Samsung SDS is rolling out Claude to Samsung Electronics employees for use cases including daily knowledge work, intelligent process orchestration, and software development. Additionally, Claude for Startups has

June 17 — Digital asset infrastructure provider BitGo (BTGO) unveiled a $50 million stock repurchase plan Wednesday, sending its shares surging by as much as 20% in intraday trading. The program authorizes BitGo to buy back up to $50 million of its common stock through open-market purchases, privately negotiated transactions, or block trades—equaling roughly 8% of its outstanding shares. The repurchase plan is effective immediately and has no fixed expiration date. Even with Wednesday’s price gain, BitGo’s stock remains down approximately 65% from its New York Stock Exchange debut back in January. The company’s IPO price was $18, while recent trading sits around $6.07. BitGo’s slump reflects fading investor confidence in digital asset-linked stocks. Following last year’s boom in crypto company IPOs, falling Bitcoin and other cryptocurrency prices have shifted market attention to AI firms and high-profile tech names like SpaceX (SPCX). Several crypto players—including Kraken and Consen

Re, a decentralized reinsurance protocol, announced on June 17 that it has secured a strategic investment from Coinbase Ventures.