Crypto Market Fear Subsides Significantly, Today's Fear and Greed Index at 45

June 10 – On-chain analyst Yu Jin reports that the U.S. will release its Consumer Price Index (CPI) data tonight at 8:30 PM ET. A large crypto whale has begun liquidating its 50x leveraged S&P 500 short position on Hyperliquid, worth up to $148 million, seemingly positioning for a post-CPI stock market rally. This short was opened yesterday afternoon, with an unrealized profit of approximately $1.44 million as of current levels.

On June 10, data from relevant platforms shows SpaceX’s pre-market contracts on Binance are trading at $173.53, with a 24-hour gain of 2.75% and a corresponding valuation of $2.06 trillion. Separately, Trade.xyz’s data indicates SpaceX (SPCX) contracts are priced at $158.69, up 1.64% over the last 24 hours, giving the company an approximate valuation of $1.88 trillion. At current levels, Binance’s SpaceX pre-market contracts carry a 9.35% premium over those listed on Trade.xyz.

June 10 (Fortune) — Goldman Sachs and Morgan Stanley are competing to serve as lead underwriters for upcoming initial public offerings (IPOs) from AI firms OpenAI and Anthropic, per a new Fortune report. Goldman has already locked in the lead underwriter role for SpaceX’s IPO, scheduled to price on June 12. OpenAI and Anthropic each plan to raise at least $60 billion in their IPOs, bringing their combined total target to over $120 billion. Jay Ritter, an IPO expert at the University of Florida, notes the lead underwriter controls how much IPO stock institutional investors receive—a edge that could drive far bigger gains for the bank than its peers would see. Ritter explained that institutional investors routinely pay "soft dollars" to lead underwriters to secure better IPO allocations. Soft dollars refer to trading commissions that exceed actual execution costs. Since it remains unclear whether Goldman or Morgan Stanley will land the top underwriting spot for OpenAI and Anthro

June 10 – Per BiyaPay market data, Bitcoin is currently trading at $61,630 as of press time. Against a backdrop of recent Bitcoin price volatility, the market is closely monitoring three key drivers: fund flows into spot Bitcoin ETFs, macro interest rate expectations, and shifts in risk appetite. Amid heightened market volatility, investors are grappling with a dual challenge: not only predicting Bitcoin’s near-term trajectory, but also effectively managing assets and controlling risks. For many, the extreme volatility of a single asset can magnify portfolio risks, making rational asset allocation across diverse classes—including cryptocurrencies, U.S. stocks, and Hong Kong-listed equities—a top market priority. As global demand for asset allocation rises, an increasing number of users are focused on cross-market fund management efficiency. As a global one-stop multi-asset allocation platform, BiyaPay offers services including crypto-to-fiat conversions, global remittances, and tradi

June 10 – Farside Investors data shows U.S. Bitcoin ETFs notched a net outflow of $77.40 million yesterday, with IBIT pulling $61.60 million in net outflows alone. For Ethereum ETFs, the sector posted a combined net outflow of $40.90 million, with ETHE seeing a $17.40 million net outflow.

June 10 Update: The subscription window for SpaceX’s tokenized IPO on Bybit’s IPO Express platform will officially close tomorrow, June 11, per official announcements. Bybit’s IPO Express has partnered with xStocks to launch the SpaceX tokenized IPO subscription service, making it one of the world’s first centralized exchanges to offer tokenized IPO subscriptions during the primary market pricing phase. This offering is open to eligible users with no need for a traditional brokerage account, cutting through geographic barriers and tedious account setup hurdles to give global participants easier access to sought-after primary market assets. The tokenized SpaceX shares for this offering are fully backed by the xStocks issuer, pegged 1:1 to actual underlying equity, and compliant with institutional-grade standards. SpaceX xStocks IPO Subscription Timeline: - Registration Period: June 7–11 - Subscription Period: June 7–11 (closes tomorrow) - Allocation Period: June 11–12 - Spot Trading