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SpaceX issues $25 billion in bonds to restructure its debt and lower interest costs.

2 hours ago

SpaceX issued $25 billion in investment-grade bonds on Tuesday, marking the final step in refinancing its high-cost debt. The debt was previously used to fund Elon Musk’s 2022 acquisition of X (then named Twitter), as well as loans and bonds issued by AI lab xAI last year to cover its rapid cash burn. Had these entities not been merged into SpaceX, they would have paid approximately $1.8 billion in interest expenses this year on a combined $17.5 billion in debt. Now, the merged SpaceX, via its inaugural $25 billion bond offering, will take on annual interest costs of around $1.5 billion.

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South Korea's KOSPI index wiped out its 4% morning gain, turning negative on the day.

According to Bitget market data, South Korea’s KOSPI index erased as much as 4% of its morning gains, turning negative intraday and now down over 1%. Samsung Electronics’ gain narrowed to 3%, SK Hynix fell 3%, while Hong Kong-listed Southern’s twice-leveraged bull product on SK Hynix dropped more than 8.6%.

10 minutes ago

F2Pool co-founder Wang Chun added over $50 million worth of BTC and ETH to his positions in the past week.

According to on-chain analyst ai_9684xtpa’s monitoring, Wang Chun withdrew 50.5 WBTC from Binance again one hour ago, valued at approximately $3.17 million. Since June 18, his address has cumulatively withdrawn 12,282.9 ETH and 475.87 WBTC, totaling around $50.715 million. The average purchase prices of ETH and WBTC stand at $1,696.41 and $62,788 respectively.

10 minutes ago

Binance will suspend its stock trading services on June 27 to support service system upgrades.

Binance will suspend its stock trading services between 18:50 and 23:00 (UTC+8) on June 27, 2026, due to planned system upgrades by its partner broker. Users must cancel all pending orders ahead of the upgrade window to avoid automatic cancellation of their orders.

10 minutes ago

Luxshare Precision plans to list in Hong Kong, targeting to raise around $3 billion.

Luxshare Precision, a core A-share stock in AI computing power infrastructure, plans to list in Hong Kong and raise approximately $3 billion. The company has obtained filing approval from the China Securities Regulatory Commission (CSRC) and submitted an application to the Hong Kong Stock Exchange (HKEX).

10 minutes ago

Sonic Labs: Fantom Opera Network to Operate Through at Least End of Year, Announces New Management Arrangements

Official announcement from Sonic Labs states that Fantom Opera will not be shut down at the end of this month, and will remain operational at least through the end of this year. The cross-chain bridge will also receive regular funding support during this period. Meanwhile, Sonic has appointed Matt Visser as Chief Executive Officer and Kosta Kourkoumelis as Chief Operating Officer, noting that it will enhance team responsibility transparency and improve community communication and support mechanisms.

10 minutes ago

South Korean payment platform KG Inicis plans to launch stablecoin payment functionality on Solana.

South Korean payment platform KG Inicis plans to integrate stablecoin payments into the Solana ecosystem. A leading South Korean payment service provider, KG Inicis handles annual transaction volumes exceeding 25 trillion won. Beyond online payment use cases, it also plans to launch a token-based merchant rewards program in the future.

10 minutes ago

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