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FTX's Investment in SpaceX Could Yield Billions of Dollars

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June 18 — Bankrupt cryptocurrency exchange FTX’s creditors could stand to benefit from SpaceX’s post-IPO market capitalization exceeding $2.5 trillion last week, according to key updates from the exchange’s bankruptcy proceedings. Prior to FTX’s collapse in 2022, the failed exchange invested $190 million in SpaceX via a fund from venture capital firm K5 Global, court-related records confirm. Sunil Kavuri, the creditors’ representative, stated this week that FTX’s exposure to SpaceX could now be worth billions based on the space company’s current valuation. John J. Ray III, CEO of FTX’s reorganized bankruptcy trust, had previously noted that the performance of the K5 Global-led investment partnership is a critical driver for recovering assets for FTX’s claimants. (Source: Decrypt)
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Algorand Unveils 2028 Roadmap for Achieving Quantum Resistance

On June 18, the Algorand Foundation announced a roadmap to make its blockchain quantum-resistant, with full quantum resilience targeted by the end of 2027. The plan will roll out in phases starting in 2026, first delivering post-quantum accounts, multi-signature wallets, and staking support. Subsequent phases will focus on strengthening the network’s core foundational protocol components. Built on work the Foundation launched in 2022, the roadmap expands quantum resilience efforts across more parts of the Algorand protocol. The timeline puts the network’s milestone ahead of the U.S. National Institute of Standards and Technology (NIST)’s sunset of certain traditional cryptographic standards — and three years earlier than the schedule set by the U.S. National Security Agency (NSA) for national security systems.

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Kraken to Integrate Solana DEX Trading into Main App, Advancing DeFi Mullet Strategy

June 18 – Kraken has officially launched on-chain DEX trading, enabling users to directly access thousands of Solana ecosystem tokens through the main Kraken app without leaving its familiar interface. The launch is supported by Kraken’s embedded wallet infrastructure Privy and multiple mainstream Solana DEX protocols. DEX assets will be seamlessly integrated into the portfolio view alongside existing holdings, and users can execute trades using their USD or USDC balances. Going forward, Kraken plans to expand these DEX capabilities to additional blockchain ecosystems.

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Pakistani Media: Pakistan Prime Minister Cancels Switzerland Trip

ISLAMABAD, June 18 (Xinhua) — Pakistani Prime Minister Shehbaz Sharif, who was tasked with mediating the U.S.-Iran Understanding Memorandum, has canceled his planned trip to Switzerland, according to Pakistani media reports citing unidentified sources. Sharif had announced on June 15 that the signing ceremony for the U.S.-Iran Understanding Memorandum would take place in Switzerland on June 19, with Pakistan serving as the host of the event.

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Intel Executives Surprised by Trump's Comments

June 18: Semafor business reporter Rohan Goswami cited sources revealing Intel and Apple have been in discussions for months about potential U.S.-based chip manufacturing. The current state of those negotiations remains unclear. Intel executives were caught off guard by U.S. President Donald Trump’s social media post. Today, Trump posted on social media announcing: “Apple has agreed to work with Intel to design and manufacture its chips in the U.S. We’ve decided to support Intel in exchange for a 10% stake.”

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Trump: Ample Oil Supply, Prosperous Market

On June 18, Trump declared: "Oil supplies are plentiful, the economy is booming, employment has hit an all-time high, and prices are dropping—you’re welcome!"

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SPCX briefly fell below $180, with an intraday loss extending to 5.98%.

June 18: Per Bitget data, SPCX dipped briefly below $180 and is now trading at $181.11, with its intraday loss widening to 5.98%.

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