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MIM stablecoin drops to $0.87 as algorithmic dollar tokens keep losing their pegs
Abracadabra’s MIM stablecoin took a major reputation and valuation hit today June 12 as it fell as low as $0.87 across multiple chains. The dollar-pegged token’s slide adds to a growing list of algorithmic dollar tokens that have failed to hold their $1 target when liquidity dried up. The depeg on Arbitrum was flagged by...Cryptopolitan
Fri, Jun 12
Blockworks acquires Messari, merging two of crypto's largest data platforms
Blockworks announced today that it acquired Messari, combining two rival crypto data and intelligence businesses into a single platform that covers more than 40,000 digital assets. Blockworks’ acquisition came after it completed a Series A extension at a $192 million valuation. The deal represents the company’s first major financial commitment to expanding its business by...Cryptopolitan
Fri, Jun 12
SpaceX IPO Hype Builds as Investors Watch SpaceBeat’s Launch-Indexed Presale
SpaceX has turned the launch economy into the market story everyone wants access to. Reuters reported that the IPO is scheduled to debut on Friday, with the company aiming for a $75 billion raise at about a $1.8 trillion valuation, while Bloomberg-reported retail orders have already passed $70 billion. But not every investor will get...Cryptopolitan
Fri, Jun 12
Before SpaceX Opens on Wall Street, SpaceBeat Is Turning Rocket Launches Into Token Burns
The SpaceX IPO is pulling the launch economy into the center of global market attention. Reuters reported that SpaceX’s offering has drawn more than $70 billion in retail investor orders, with total investor demand reportedly above $250 billion, while the company is aiming to raise about $75 billion at a valuation near $1.8 trillion. That...Cryptopolitan
Fri, Jun 12
Nvidia pitches Vera CPU to Chinese clients in latest bid to claw back lost market share
Last October, Nvidia’s CEO Jensen Huang admitted that its market share in China had fallen to effectively zero. However, it seems Nvidia is not giving up on the Chinese market, as it is now reportedly taking orders from Chinese customers for its new Vera processor. People familiar with the discussions told Reuters that the chip...Cryptopolitan
Fri, Jun 12
Before SpaceX Hits Wall Street, SpaceBeat Is Turning Launches Into Scarcity Events
SpaceX is approaching Wall Street with record-breaking demand behind it. Reuters reported that the company is aiming for one of the largest IPOs in history, targeting a $75 billion raise and a valuation near $1.75 trillion. Reuters also reported that the offering has attracted more than $250 billion in total investor demand. That demand is...Cryptopolitan
Fri, Jun 12
19 out of 26 validators vote to pass Hyperliquid’s AQAv2 stablecoin model
Circle has made the single largest USDC transfer ever on HyperEVM, following the validator approval of Hyperliquid’s much-awaited AQAv2 protocol. Earlier today, Circle moved approximately $4.4 billion in USDC to Coinbase via AQAv2, Arkham data shows. Both Circle and Coinbase partnered with Hyperliquid in May for the implementation of AQAv2, with Coinbase serving as the...Cryptopolitan
Fri, Jun 12
Polymarket Daily Spot Volume Hits Record $818M as World Cup, SpaceX IPO Land Same Week
The latest data from Artemis shows that Polymarket just printed its best day on record with regards to spot volume. On Wednesday, June 10, the prediction market platform closed the day with a new all-time high spot volume of $818.4 million. This took place at a time when two of the biggest events of the...Cryptopolitan
Fri, Jun 12
Hong Kong sets record with $1.5B digital bond issue
The Hong Kong Mortgage Corporation Limited (HKMC) has priced its debut digital bond issuance, securing close to HK$12 billion (about US$1.5 billion) on June 11. This issuance has set a new standard globally as the largest digital bond issuance ever achieved thus far. It points towards a rise in institutional demand for digital securities and...Cryptopolitan
Fri, Jun 12
Metaplanet set to issue Bitcoin-related yield products directly to Japanese investors
Metaplanet is looking to tap into Japan’s yield market with Siibo Securities, targeting a $7.1 trillion pool of idle cash and deposits with Bitcoin. In a post on Friday, Metaplanet CEO Simon Gerovich announced the Japanese Bitcoin treasury firm has reached an agreement to buy 100% of Siiibo Securities, in a deal reportedly worth 2.1...Cryptopolitan
Fri, Jun 12
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US Stocks Close: Nasdaq Rises 1.1% as Tech Stocks Rebound, Memory Stocks Lead Gains With Micron Up Nearly 3%
Tesla Q3 Earnings Preview: Can Auto Margins Stabilize? Wall Street’s Highest Price Target at $550
US Memory Sector Slides Again Pre-Market as Micron, SanDisk, Western Digital Erase Monday Gains
Apple Retreats Below $340 After Surge: Can First Touchscreen MacBook Pro Help Stock Reach New Highs?
