S&P Global Inc.: Mega IPOs Such as SpaceX Won't Be Quickly Added to S&P 500 Index
June 5: Standard & Poor’s Global announced Thursday it will retain eligibility criteria for key benchmarks including the S&P 500 Index, nixing a proposal to fast-track giant firms like SpaceX immediately after their initial public offering (IPO).
In a press release, the S&P Index clarified it will not shorten the current 12-month “seasoning period” for newly listed companies, nor will it waive existing profitability and public float requirements based solely on company size.
This means SpaceX will need to wait at least one full year after its IPO to qualify for inclusion in the S&P 500, and it must meet the index’s standard rules: GAAP profitability in its most recent quarter, cumulative GAAP profits over the past four quarters, and a public float of no less than 50%.
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Bankless Co-founder Rug Pulls on Fork Coin, ZEC Plunges Over 32% in 24 Hours
On June 5, per HTX market data, tokens from Bankless co-founder David Hoffman’s publicly disclosed rebalanced holdings posted sharp declines today. The portfolio assets saw notable drops in a 24-hour window:
- ZEC tumbled over 32%, now trading at $401.58;
- NEAR fell more than 22%, at $2.136 currently;
- VVV dropped over 21%, priced at $15.79 as of press time;
- LIT’s price slid more than 21%, standing at $1.388;
- HYPE decreased by over 15%, trading at $62.5.
Earlier, Hoffman stated that after liquidating his entire Ethereum (ETH) position, he immediately allocated roughly 50% of the proceeds to purchase VVV, NEAR, ZEC, and HYPE. The other 50% of the funds were held as cash reserves for gradual dollar-cost averaging (DCA) entries, but he has now used all of that cash to buy LIT.
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Coinbase Bitcoin Premium Index has recorded a negative value for 18 consecutive days, indicating sustained weak buying power in the U.S. market
As of June 5, data from Coinglass shows that Coinbase’s Bitcoin Premium Index has been in negative territory for 18 consecutive days, currently standing at -0.1347%—a trend signaling continued weak buying power for Bitcoin in the U.S. market.
The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on the Coinbase platform and the global average Bitcoin price. A negative premium typically indicates greater selling pressure in the U.S. market, reduced investor risk appetite, growing market risk aversion, or capital outflows from the U.S. crypto space.
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Hedge Fund Predicts Claude's End-User Scale Will Reach $500 Million, Enterprise Market Holds the Greatest AI Dividend
Here’s the revised English version adapted to American language conventions:
Per monitoring from the Telegram channel Dynamic Beating (https://t.me/OneMillion_AI), Alex Sacerdote, founder and CEO of hedge fund Whale Rock, shared critical updates at the Sohn Montreal Investment Conference on June 4. As an early investor in Anthropic’s Series G round, Sacerdote revealed that daily active users (DAU) for Anthropic’s Claude have surged to 14 million—up from just 2 million last year. He projects the chatbot’s long-term user base could reach 500 million.
Sacerdote framed the current AI industry as being in the very early stages of vertical growth, comparing the past three years to a “search engine on steroids” while emphasizing that the enterprise market remains the sector’s “real ultimate prize.”
Pushback against AI bubble theories was another key point from Sacerdote: he argued today’s AI leaders have solid profitability and far more reasonable valuations than 1999 internet bubble giant
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Bitget launches trading for 49 stock tokens, including Futu, BlackBerry, and JD
**Bitget Launches 49 New U.S. Stock & ETF Spot Tokens Following Stock Token 2.0 Upgrade**
Bitget announced on June 5 that it has rolled out trading for 49 U.S. stocks and popular ETF spot tokens, including assets like rFUTU (Futu Holdings), rBILI (Bilibili), rJD (JD.com), rBB (BlackBerry), and rNBIS (Nebius).
The launch arrives after Bitget unveiled its U.S. Stock Token 2.0 upgrade back in May, designed to enhance product experience by prioritizing three core areas: liquidity, asset equity mapping, and capital efficiency. The upgraded U.S. stock spot tokens connect directly to global liquidity pools such as Nasdaq and the New York Stock Exchange (NYSE), with stock dividends issued in a 1:1 token format. Users can also leverage their holdings of these tokens as cross-collateral for unified accounts and U.S. dollar (USD)-denominated contracts, while trading fees for the stock spot products are discounted to as low as 0.04%.
Earlier, Bitget had already integrated 15 U.S. stock tok
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Forward Industries deposited 455,800 SOL to Coinbase Prime, equivalent to $31.87 million
June 5 — On-chain analytics platform LookOnChain’s monitoring shows that Solana (SOL) treasury firm Forward Industries has racked up an unrealized loss of nearly $1.13 billion on its SOL holdings. After staying quiet for a month, the company transferred 455,784 SOL into Coinbase Prime, a deposit valued at roughly $31.87 million.
Since launching its Solana treasury strategy back in September 2025, Forward Industries has spent approximately $1.59 billion to purchase 6.83 million SOL, at an average price of $232.08 per token. At current market levels, that entire portfolio of 6.83 million SOL is only worth around $458.6 million.
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