Crypto

Binance has launched SpaceX pre-IPO perpetual futures contracts, becoming the first major crypto exchange to offer derivatives tied to SpaceX’s pre-public market valuation. The move comes as SpaceX filed for its IPO this week under the ticker “SPCX,” with valuations reaching as high as $2 trillion. The perpetual contracts allow traders to gain exposure to SpaceX’s valuation before shares begin trading on public markets. Binance said the product settles against private market valuation data, enabling users to go long or short without holding actual equity. Elon Musk stands to become the world’s first trillionaire if the IPO succeeds. ...

UK trading platform IG Europe has partnered with crypto platform Bitpanda to offer cryptocurrency trading to its EU clients. “Our clients want crypto exposure from a platform they trust. This partnership delivers it,” said IG Europe’s Managing Director. The move reflects growing traditional finance adoption of crypto services. Bitpanda, headquartered in Austria, is one of Europe’s leading crypto service providers with regulatory licenses across multiple EU member states.

Nvidia’s earnings beat and strong outlook boosted Bitcoin mining stocks amid the AI boom. An increasing number of miners are expanding into AI computing, leveraging their large-scale GPU infrastructure to provide AI inference and training services. The market views this transformation as enhancing miners’ earnings diversification and reducing reliance on Bitcoin price volatility. Source: CoinDesk

The Federal Reserve has proposed granting limited master account access to crypto firms that have long sought such privileges. This move is seen as a significant signal of shifting US regulatory stance toward the crypto industry. Master accounts allow institutions to directly use the Fed’s payment clearing system, and gaining this access would substantially improve crypto firms’ operational efficiency and fund liquidity. The proposal is currently in the public comment period. ...

Summary: The global stablecoin supply has surpassed $300 billion, but growth is stalling as Tether gains market share at the expense of bank-issued and GENIUS Act-compliant competitors.

Summary: The SEC proposes its largest overhaul of public listing rules in over 20 years, allowing newly public companies to raise capital instantly and cutting compliance costs, with implications for crypto firms seeking easier market access.

Summary: Crypto infrastructure provider Zerohash is pursuing new funding at a valuation above $1.5 billion, after Mastercard dropped its investment plans, as Wall Street deepens its push into digital assets.

Bernstein analysts see upside potential in several Bitcoin mining companies, driven by $90 billion in AI data center deals. “Follow the gigawatts” has become a new investment thesis.

Binance Smart Chain’s quantum defense solution has been deployed, but at the cost of approximately 40% reduction in transaction throughput. This marks an important step in blockchain’s response to quantum computing threats.

Wall Street analysts are increasingly valuing crypto firms as infrastructure, AI, and capital market platforms rather than purely speculative assets.