News linked to this event type.
GXD Labs, a digital asset investment and advisory firm, has reached a settlement with global equity financing company EquitiesFirst regarding claims arising from a loan extended to the bankrupt crypto lending platform Celsius Network. Under the settlement agreement, the two parties will complete a total payment of $500 million and dismiss the adversarial litigation and related arbitration proceedings initiated since September 2023.It is reported that GXD Labs established the Blockchain Asset Recovery Investment Consortium (BRIC) in 2023. Subsequently, the organization was appointed by the debtor and the unsecured creditors' committee in the Celsius bankruptcy case as the administrator for complex asset recovery and litigation management. (Businesswire)
As SpaceX approaches its IPO, market speculation about Elon Musk’s potential integration of Tesla and SpaceX has intensified once again. According to insiders, Musk has previously discussed the possibility of merging the two companies with internal stakeholders, and Tesla’s leadership has long believed an eventual integration is likely. Reports indicate that the two firms have deepened collaboration in AI infrastructure in recent years—sharing executives, technologies, and supply chains—and have already coordinated efforts in energy storage systems, vehicle procurement, and GPU order allocation. Legal experts note that while antitrust hurdles would likely be limited if a merger proceeds, challenges related to valuation, share swap ratios, and alignment of shareholder interests would be highly complex.
BIT Official released a chart analysis stating that the crypto market has already begun pricing in the SpaceX IPO ahead of time.The chart shows that SpaceX plans to IPO on June 12 with a valuation of approximately $1.74 trillion, nearly 40% higher than its latest internal valuation of $1.25 trillion. Currently, Hyperliquid and Binance have successively launched SpaceX-related perpetual contracts, with the implied valuation corresponding to the relevant market price standing at approximately $2.41 trillion.Markus Thielen believes this indicates the market is betting that SpaceX will complete its IPO at a higher valuation or deliver a strong performance after listing. Meanwhile, he pointed out that the launch of such contract products also reflects the deepening integration of the crypto market with traditional finance, as crypto trading platforms gradually expand their trading exposure to stocks and popular primary market themes.
OpenRouter, an AI model aggregation platform founded by Alex Atallah, co-founder of OpenSea, has announced a $113 million Series B funding round led by CapitalG. OpenRouter stated that its weekly transaction volume has grown from 5 trillion tokens to 25 trillion tokens over the past six months. The company noted that as AI rapidly transitions from experimental stages to production environments, its platform’s business scale continues to expand.
OpenRouter, an AI model aggregation platform founded by OpenSea co-founder Alex Atallah, has announced the completion of a $113 million Series B funding round, led by CapitalG, the growth fund under Alphabet, Google's parent company.Other participants in this funding round include a16z, Menlo Ventures, NVentures (affiliated with NVIDIA), as well as ServiceNow, MongoDB, Snowflake, and Databricks. The company's valuation has now exceeded $1 billion.
: ClawCivi.ai has completed a multi-million dollar seed round financing, with participation from Trump-affiliated funds and the Draper family fund.The product enables multiple AI Agents to collaborate on tasks by sharing the Skills capabilities of Agents (OpenClaw, Hermes, Manus).Its token, $CLAW, will officially launch on PancakeSwap at 3:00 AM (UTC+8) on May 27.
according to an Everstake report, among six Ethereum treasury companies that separately disclosed staking-related revenue, staking income accounts for an average of 60% of their reported revenue. The report reviewed 15 public companies with an Ethereum treasury strategy, of which those reporting losses in 2025 had a combined net loss of approximately $1.41 billion. Additionally, BitMine Immersion Technologies reported a net loss of $9.02 billion for the six months ending February 28, driven primarily by unrealized losses on digital assets.The report noted that spot crypto ETFs have diminished the appeal of publicly traded companies that simply hold Ethereum, forcing treasury companies to justify their valuations through yield-generating strategies such as staking. (cointelegraph)
According to Businesswire, Nasdaq-listed digital asset treasury company BNB Plus announced it will raise $4.1 million through the issuance of Series B-1 and Series B-2 convertible preferred shares. Crypto-native institutional investors participating in the round include Comstock Multichain Fund, managed by Silvermine Capital Advisors, and Off the Chain LP. Proceeds will be used to increase its digital asset reserves, provide working capital support, and explore opportunities in AI infrastructure development. The company also disclosed that it currently holds over $16.4 million in cash and digital assets.
Strategy has completed a partial debt repurchase and adjusted its capital structure. In the week ending May 25, Strategy did not make any new bitcoin purchases, leaving its holdings unchanged. According to the filing, Strategy is optimizing its financing structure through debt management and capital market operations to support its long-term bitcoin reserve strategy.
According to Bloomberg, Quantinuum Inc., a quantum computing company under Honeywell International Inc., has filed an IPO application with the U.S. Securities and Exchange Commission (SEC), planning to issue approximately 21 million shares at $45–$50 per share and raise $1.05 billion through this offering. At the upper end of the offering price range, the company’s valuation would reach $12.7 billion.
Odaily reports: Bitget has announced the launch of Reality, a licensed financial protocol focused on the tokenization of Real World Assets (RWA). The issued tokenized stocks (rTokens) are strictly pegged 1:1 to the underlying US stocks, with assets custodied at a US securities broker-dealer that is FINRA-registered and SIPC-protected. Real-time proof of reserves is provided through third-party independent audits. By directly accessing liquidity pools from Nasdaq, NYSE, and other US stock exchanges, Reality's stock tokens can achieve liquidity on par with traditional brokerages. Meanwhile, stock dividends will be distributed 1:1 to user accounts in token form, cash dividends will be automatically converted into USDT for distribution, and stock splits and reverse splits will be mapped to on-chain tokens in real-time, offering an experience highly consistent with holding US stocks.Furthermore, the US stock tokens launched by Reality are deeply integrated with the Bitget ecosystem. They can be used, for example, as margin for unified accounts and are compatible with core product lines such as grid trading, copy trading systems, and staking/lending.Gracy Chen, CEO of Bitget, previously proposed the "10% Vision": Currently, tokenized stocks represent only 0.1% of the $125 trillion global stock market. She predicts this proportion will rise to nearly 10% by 2030. Reality is built on this trend. In its initial phase, it will focus on US stocks, and will later expand asset classes, driving the extension of Bitget's UEX strategy into a broader access layer for global financial assets.
yesterday, YC official posted on X platform that the prediction market derivative layer Totalis has officially launched. The market allows users to conduct parlay trades on any subject, combining multiple event markets (such as politics, cryptocurrency, stocks, sports, weather, and macro) into a single trade. Starting with parlay bets, it will expand to structured products.Previously, Totalis completed a $500,000 seed round in April, with Y Combinator participating. It is also the first enterprise to receive Y Combinator investment entirely in USDC, with the funds settled via the Solana network and custodied by Ramp.
10x Research posted an analysis on X, pointing out that as Bitcoin’s volatility continues to decline, the NAV premiums of most Bitcoin treasury companies have significantly contracted—some even turning into substantial discounts—resulting in visible losses for related investors. Historically, Grayscale’s GBTC briefly traded at a 47% discount in December 2022; at that time, investors could effectively buy Bitcoin through the product at an implied price below $10,000. The market had mistakenly viewed traditional finance–packaged crypto asset products as “Bitcoin leveraged tools.” In reality, these structures resemble options more closely: their implied value expands when volatility rises and contracts when volatility falls.
According to Fortune magazine, Antonio Gracias, founder of Valor Equity Partners and a close confidant of Elon Musk, stands to amass over $100 billion in wealth from SpaceX’s anticipated IPO. Valor reportedly holds more than 500 million shares of SpaceX’s Class A stock. If SpaceX goes public at the rumored valuation of $1.75 trillion to $2 trillion, the value of Valor’s stake could reach $90 billion to $140 billion. Meanwhile, related-party transactions totaling approximately $20 billion between SpaceX and Valor have sparked corporate governance concerns. Documents reveal that xAI-related subsidiaries under SpaceX signed three GPU infrastructure leasing agreements with Valor, all backed by payment guarantees from SpaceX. PricewaterhouseCoopers (PwC), the auditing firm, contends that these transactions are substantively closer to loans than standard sale-and-leaseback arrangements and has therefore required that roughly $9 billion in associated debt be recorded on SpaceX’s balance sheet.
According to Bloomberg, SoftBank Group Corp. plans to raise approximately $1.6 billion through a new subordinated bond issuance primarily targeting retail investors. Regulatory filings indicate the bonds have a 35-year maturity, with the issuer holding a call option exercisable after five years. The pricing is scheduled for June 5, with the initial coupon guidance set between 4.8% and 5.6% for the first five years. This marks SoftBank’s second similar retail bond offering within roughly two months.
, May 24 - International gold and silver both recorded minor upticks. According to Gate platform data, Silver (XAG) broke through the $77 mark and is currently trading at $77.92, a 24-hour increase of 0.53%; Gold (XAUT) is reported at $4,551.4, up 0.76% in the past 24 hours. Coinglass data shows that Gate's XAUT 24-hour contract trading volume reached $30.4776 million, with current open interest standing at $180 million; XAG's 24-hour contract trading volume reached $59.8611 million, with open interest at $107 million.Gate pioneered the metal contract trading section, offering 7×24-hour uninterrupted trading, providing users with higher strategic flexibility and asset management efficiency during volatile market conditions. Gate's contracts now cover multiple traditional financial assets such as stocks, metals, forex, indices, and commodities, supporting trading of core instruments including gold, silver, and globally popular stocks. Gate continues to build a more efficient and professional multi-asset one-stop trading platform for global users.
Jihan Wu posted on platform X, stating that Europe's current solar energy problem is no longer just about increasing power generation, but about a lack of sufficient flexible electricity demand to absorb excess energy. Citing the latest analysis from energy research firm Pexapark, he noted that the phenomenon of solar "cannibalization" in Europe is rapidly deteriorating:1. France's solar capture factor for April 2026 dropped year-on-year from approximately 0.42 to 0.10, a decline of about 75%, with nearly half of solar generation occurring during periods of negative electricity prices.2. Germany recorded 123 hours of negative electricity prices in April, a 65% increase year-on-year, with approximately 46.8% of solar generation falling into negative price territory.3. Spain's problem is no longer confined to summer. In February 2026, the solar capture factor plummeted from about 0.71 in the same period last year to 0.18, while the duration of negative electricity prices surged from 0 hours to 148 hours.Jihan Wu pointed out that this indicates the pace of solar deployment in Europe has outstripped the speed of grid flexibility infrastructure development. He argued that besides energy storage, grid expansion, and demand response, Europe should also pay attention to interruptible loads, including Bitcoin mining and other computing loads. Such loads can be activated when electricity is abundant and shut down when the grid is under stress, thereby acting as the "buyer of last resort" for surplus renewable energy. This would help reduce curtailment, improve the economics of solar projects, and enhance the profitability and financial viability of investments in power generation and grid infrastructure.
that, according to the latest report from crypto lending platform Ledn, the global market for Bitcoin-backed consumer lending could grow nearly 300 times over the next decade, reaching $1 trillion, while a significant amount of potential demand remains untapped.The report cites a survey conducted by consumer research firm Protocol Theory among 1,244 cryptocurrency holders in the United States and Australia. It shows that approximately 88% of respondents are willing to consider using crypto-backed loans or credit products, but only 14% have actually used such services, creating a so-called "6:1 interest-to-adoption gap."Ledn estimates that the current global market size for Bitcoin-backed consumer lending is around $3 billion. In comparison, Galaxy Research previously estimated the entire crypto lending market peaked at $73.6 billion in the third quarter of 2025. Ledn co-founder Mauricio Di Bartolomeo stated: "The demand-side problem has been solved. What the industry is truly missing right now is the trust infrastructure that allows borrowers to build confidence."The survey indicates that the core factors hindering user adoption of crypto-backed lending are not a lack of awareness, but concerns over price volatility, forced liquidation risks, and regulatory uncertainty. When choosing a lending platform, users prioritize platform reputation, custody security, transparency, and risk management over simple interest rates. The report argues that crypto-backed lending is essentially similar to "stock-backed financing" or "home equity loans" in traditional finance, allowing users to obtain liquidity without selling their long-term holdings. (CoinDesk)
SpaceX is set to launch its IPO, with an estimated fundraising scale of $50 billion to $75 billion, corresponding to a valuation of approximately $1.75 trillion to $2 trillion, potentially making it the largest IPO in history. Analysts point out that SpaceX's ultra-high valuation means it could quickly enter major indices and ETFs after listing, with passive capital allocation speed potentially far exceeding that of previous large-scale IPOs.According to current rules and potential reforms:1. Vanguard's VTI, which tracks the total market, and the growth stock ETF VUG, corresponding to the CRSP index, could potentially include SpaceX within 5 trading days after its listing;2. The Nasdaq 100 index tracked by QQQ could potentially include SpaceX within 15 trading days after its listing;3. The Russell 1000 and Russell 1000 Growth indices are expected to include SpaceX as early as September and December this year;4. The S&P 500 index tracked by SPY could potentially include SpaceX in 2027 after rule modifications.SpaceX's weight in the Nasdaq 100 is expected to reach 0.47%-0.70%, higher than its proportion in most float-adjusted market cap weighted indices. Analysts say that as the lock-up period ends and more insider shareholders sell their shares, SpaceX's float could increase in the future, thereby further boosting its weight in major indices. However, SpaceX's biggest current issue lies in its relatively low "Float." Based on the current financing structure, its public float ratio is only about 2.86%-3.75%, far below the average level of over 80% for most large US technology companies. This will affect its weighting in indices that employ a "float-adjusted market cap weighted" mechanism. (BusinessInsider)
Hyperliquid has recently significantly outperformed the broader market. Its token, HYPE, hit an all-time high following the launch of two related ETFs in the United States. Meanwhile, European traders are accelerating their migration to the platform due to restricted access to perpetual contracts on regulated exchanges. Market analyst Michael van de Poppe stated that with Hyperliquid's continued rally and renewed interest in AI-related crypto projects, signs of improving risk appetite are emerging in the altcoin market. Hyperliquid’s expansion into tokenized stocks, commodities, and pre-IPO assets is strengthening the on-chain asset tokenization trend. He suggested that if market sentiment continues to improve, HYPE’s price could target $100 or even higher.However, Michael van de Poppe also stressed that while Hyperliquid holds a short-term advantage, Solana offers greater long-term investment certainty, transitioning from a "speculative ecosystem" to institutional-grade infrastructure. In the AI track, he noted that NEAR Protocol and Bittensor remain significantly undervalued, citing a disconnect between their fundamental growth and valuations. He pointed out that NEAR’s revenue growth potential and Bittensor’s subnet expansion could support higher valuation ranges. Additionally, he indicated that the privacy sector retains long-term demand, but fully anonymous systems face regulatory pressure. The future is more likely to be dominated by zero-knowledge proofs and compliant privacy solutions.On the macro level, Michael van de Poppe highlighted that bond yields and central bank policies remain the core drivers of the crypto market, with changes in Japanese government bond yields potentially serving as a key barometer. (CoinDesk)