SpaceX Equity Token on PreStocks Trades at 27.5% Discount to Actual Stock Price Due to Lock-up Period on Underlying Shares

June 13: The Cryptography Advisory Council, convened by Coinbase, has stated that quantum computers don’t pose an immediate threat to blockchains—but the Bitcoin community should immediately begin planning for post-quantum signatures. Council members include top cryptography experts like Scott Aaronson of the University of Texas at Austin, Stanford’s Dan Boneh, and Justin Drake of the Ethereum Foundation. The report identifies that Bitcoin’s quantum risk is concentrated in early addresses: around 1.7 million BTC are held in roughly 20,000 early public key addresses, where owners’ public keys are publicly posted on-chain, leaving them vulnerable to future quantum attacks. Many of these addresses are believed to belong to Bitcoin’s anonymous creator Satoshi Nakamoto or holders who lost their private keys, so their funds can’t be moved proactively to more secure wallets. Project11’s research adds that another ~5 million BTC face potential risk from address reuse, though most of these are

On June 13, CNBC reported that Wolfe Research initiated coverage on SpaceX this past Friday, assigning the aerospace firm an “Outperform” rating and a $175 price target. This target represents nearly 30% upside from SpaceX’s $135 IPO price. Despite Wall Street’s confusion over SpaceX’s $1.77 trillion valuation, Wolfe argues the company’s leading position in the launch industry justifies that large number, noting launch operations are SpaceX’s core business and deliver “attractive unit economics” that support its other ventures. A 2025 report from Georgetown University’s Center for Security and Emerging Technology (CSET) found SpaceX handles five out of every six U.S. space launches. Wolfe attributes SpaceX’s ongoing dominance to the cost advantage of its reusable rockets, calling Starship’s successful reusability the “most critical value unlock” for the company. While the firm does not expect SpaceX to outpace Anthropic or OpenAI on the modeling front, it anticipates SpaceX will gai

June 13, 2026 – Cathie Wood, widely known as "WoodMom" and the head of ARK Invest, made a major adjustment to the firm’s investment strategy on Friday, June 12, according to the group’s daily trading disclosure. The most notable move: ARK Invest purchased a cumulative total of 3,291,184 shares of SpaceX across multiple of its ETFs, with a combined transaction value of $444,309,840, reflecting the fund’s growing interest in the space technology sector. In a separate action, ARK Invest significantly reduced its stake in AMD (AMD.O): the firm sold a total of 80,536 shares via its ARKQ, ARKW, and ARKX ETFs, totaling $39,337,809. This sale continues the fund’s ongoing trend of trimming its AMD holdings. Source: Jinse

June 13: Market data from CoinUp shows that CPX—the native token of the CoinUp platform—has hit a new all-time high, trading above 0.64 USDT for a total surge of more than 433.33%. Moving forward, CPX’s value will be expanded by focusing on core areas including trading rights, ecosystem incentives, user perks, and expanded platform application scenarios.

June 13 Bitcoin Update: BTC plunged from nearly $73,000 to under $60,000 before bouncing back to around $63,500. At this level, it’s down roughly 50% from its October 2025 all-time high of ~$126,000. While this pullback has pushed Bitcoin into the valuation band typically linked to bear market bottoms, there’s been none of the panic selling that usually signals a definitive market bottom. One key catalyst for the recent drop? A noticeable shift in Michael Saylor’s Strategy. The firm disclosed on June 1 that it sold 32 BTC for about $2.5 million to cover preferred stock dividends. Though that sum is tiny compared to its roughly 845,000 BTC holdings, the market framed it as a major departure—Saylor has long clung to his mantra of “never selling Bitcoin.” Strategy may be testing a new approach to using BTC as a corporate treasury asset by offloading small amounts, rather than just holding long-term. Earlier Iran tensions added extra pressure, lifting oil prices and amplifying fears of

As of June 13, data from CME Group’s FedWatch Tool shows a 39.6% probability the Federal Reserve will hold interest rates steady through December, with only a 1% chance of a cumulative 25-basis-point rate cut in that period. Meanwhile, the likelihood of a Fed rate hike this year has dropped to 59.4%. The breakdown of projected hike probabilities is as follows: a 42.3% chance of a cumulative 25-basis-point increase, 14.9% for 50 basis points, 2.1% for 75 basis points, and a tiny 0.1% probability of a cumulative 100-basis-point rate hike.