10 #Bitcoin ETFs outflows 3,062 $BTC(-$302.76M) and 9 #Ethereum ETFs outflows 16,114 $ETH(-$53.01M) yesterday.

According to Bloomberg, SpaceX’s debut bond offering in the U.S. has garnered roughly $89 billion in investor demand. Sources familiar with the matter noted that the deal is poised to rank among the largest transactions in this year’s U.S. investment-grade bond market. SpaceX, which encompasses Elon Musk’s rocket, satellite and artificial intelligence businesses, plans to raise $20 billion to $25 billion via the bond offering structured with five maturity tranches. The transaction is scheduled to price on Tuesday. Even at the lower end of the fundraising range ($20 billion), investor subscriptions exceed the offering size by more than four times, reflecting robust market demand and strong recognition for SpaceX. The bond offering is expected to emerge as one of the most closely watched and largest financing deals in this year’s U.S. investment-grade bond market.

According to market sources, SpaceX (SPCX.O)’s high-grade bond issuance garnered $89 billion in subscriptions.

According to Bitget market data, SpaceX (SPCX.O) extended its intraday gain to 5.3%, currently trading at $162.97.

According to Coinglass data, total liquidations for SPCX futures contracts across the crypto network reached $40.51 million in the past 24 hours. Of this, long position liquidations amounted to $38.07 million, while short position liquidations hit $2.44 million. The total liquidation volume of SPCX ranks only second to Bitcoin (BTC) and Ethereum (ETH).

Ethereum co-founder Vitalik Buterin published a statement noting that the Ethereum Foundation (EF) has announced a roughly 40% budget cut this year as part of its financial transition plan. Per last year’s released fund management policy, EF is gradually shifting from a "spending organization" to an endowment-based model, with the goal of reducing its annual expenditure ratio from the previous ~15% to around 5% after 2030. The foundation emphasized it will accept inevitable staff and resource adjustments, acknowledging some loss of capabilities and expertise. In this restructuring, EF has cut approximately 54 employees, accounting for roughly 20% of its total team. Vitalik added that many of these departing members may still participate in the Ethereum ecosystem externally in the future. Meanwhile, the foundation is refocusing its strategy on a more "lightweight" path for protocol governance and development, including advancing the long-term "Strawmap" roadmap covering core protocol upgrades such as consensus mechanisms, privacy technology, account models, and state structures, and pushing Ethereum toward its third phase of evolution. In specific structural adjustments, EF will downplay its "multi-client redundancy first" model, shifting to development approaches based more on specialized division of labor and AI-assisted formal verification; the Privacy and Scaling Explorations (PSE) research team will be restructured from exploratory R&D to more focused engineering implementation; and the scale of ecosystem events like Devcon will also be gradually reduced. Additionally, EF will reduce investment in large cross-domain projects, place more emphasis on protocol security and high-value improvements, and encourage more innovation to be driven by external ecosystem participants. Despite the leaner path, Ethereum will continue to strengthen its core positioning as a highly censorship-resistant, long-term stable protocol.

BlackRock officially stated in a post that the role of Bitcoin in investment portfolios is evolving, and it can be regarded as a complementary diversification tool. The firm believes that, provided appropriate risk tolerance is maintained, a moderate allocation (usually around 1%–2%) may help enhance the return potential of investment portfolios.