News linked to both this project and an event.
Bitget Wallet has opened the first subscription for SpaceX’s tokenized IPO stock, SPCXx, with a total quota of $3 million. The minimum subscription amount is $10 per user, and the maximum per user is $5,000—on a first-come, first-served basis. SPCXx is issued by xStocks, a tokenized stock trading platform. The subscription price is $135, and underwriters will charge an additional 5% fee. Subscriptions open at 4:00 PM Beijing Time on June 9 and close at 4:00 PM Beijing Time on June 11. Upon completion of the subscription period, SPCXx tokens will be automatically sent to users’ wallets, with distribution expected to be finalized by 8:30 PM Beijing Time on June 12. This subscription requires no overseas brokerage or exchange accounts, VIP tier, or holding prerequisites. Users may pay directly using stablecoins—including USDT and USDC—on Base, Ethereum, BNB Chain, Solana, and TRON. The SpaceX tokenized IPO operates via xStocks—a collaboration between Bitget Wallet and Backed. The tokenized stocks issued are fully backed 1:1 by underlying assets held by Backed. Note that the $135 subscription price is not the final fixed issuance price; the final IPO price will be determined by the issuer and underwriters based on a comprehensive assessment of order book demand, market conditions, and valuation factors. During the subscription period, users typically see only a reference price.
Helion, a nuclear fusion energy startup backed by OpenAI founder Sam Altman, has announced the completion of a $465 million funding round, led by Thrive Capital. The post-investment valuation has reached $15.5 billion, nearly three times its previous valuation of $543 million. It is reported that the company is dedicated to developing nuclear fusion technology to power data centers and other customers. However, it has yet to prove the feasibility of its technology in actual electricity production. Investors remain highly confident in its potential, and this round of funding will be used to accelerate technology development and commercial advancement. (The Information)
This round of financing will be used to build and improve the global payment infrastructure, compliance system, and business presence in key markets; enhance cross-border payment service capabilities and global operational capabilities; and further advance the company’s development of a new-generation financial infrastructure that is compliant, efficient, and built for the internet era.
Solana ecosystem Perp DEX project BULK has announced the launch of its Season 1 points program. Pre-deposits are now open, with 1 million AURA (points) distributed weekly until the exchange officially goes live.Previously, BULK announced the completion of an $8 million seed funding round, led by 6th Man Ventures and Robot Ventures, with participation from Big Brain Holdings, Wintermute, and Solana co-founder Anatoly Yakovenko, among others.
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)
Bitget Wallet has announced the completion of its RWA trading upgrade and integrated xStocks as a new source of tokenized stocks, providing users with global tokenized stock trading capabilities. From May 19 to June 14 (Beijing time), Bitget Wallet users who complete tiered trading tasks can receive up to $264 in rewards, with a total prize pool of $100,000. Additionally, users who hold, add liquidity to, or participate in the lending market for any xStocks token will receive a 20% exclusive xPoints bonus.Through this upgrade, users can now trade over 300 types of RWA tokens across Ethereum, Solana, and BNB Chain, covering various assets such as US stocks, ETFs, oil, precious metals, and country indices. The service supports 24/7 trading, low transaction fees, and gas-free execution, with trading starting from $0 and no minimum threshold requirement. Currently, Bitget Wallet supports a dual RFQ + AMM trading mechanism, enabling instant execution and effectively reducing spread slippage. It has also integrated AI market signals to assist in trading decisions.xStocks is developed in collaboration between Kraken and Backed. Its tokenized stock products adopt a 1:1 full collateral mechanism with underlying assets. Since its launch in June 2025, the platform has processed a cumulative trading volume exceeding $30 billion. This integration will further advance Bitget Wallet's "Everyday Finance, Onchain" strategy, aiming to enable users to conduct daily trading of traditional financial assets through on-chain wallets, breaking down the geographical and entry barriers imposed by traditional financial infrastructure.
According to Bloomberg, European Central Bank (ECB) President Christine Lagarde stated in a speech delivered on May 8 local time that even euro-denominated stablecoins would pose risks to financial stability and monetary policy transmission, and she questioned the necessity of introducing such instruments. Lagarde noted that while euro stablecoins might help reduce financing costs in the euro area and enhance the euro’s global influence, the associated trade-offs “cannot be ignored.”
Hut 8 announced its subsidiary has entered into a $200 million, 364-day bitcoin-backed credit agreement with FalconX to replace the previous financing arrangement from Coinbase Credit. The new financing carries an annualized fixed interest rate of 7.0%, a reduction of 200 basis points from the previous 9.0% rate on the Coinbase facility. During the period from December 2023 to March 2025, this financing cost had reached as high as 10.5%–11.5%, meaning cumulative reductions of up to 450 basis points, demonstrating continued progress in optimizing debt costs.Following this refinancing, approximately 3,300 BTC held by Hut 8 have been converted to an unencumbered state, valued at approximately $260 million based on market capitalization as of May 1, 2026. This significantly enhances the flexibility and liquidity capacity of its balance sheet. Additionally, the credit structure maintains key risk control provisions, including a limited recourse structure, a no-rehypothecation clause, and a fixed LTV threshold design to avoid triggering additional margin calls in the event of a decline in bitcoin prices.Hut 8 management stated that this financing not only reduces capital costs but also releases more unencumbered bitcoin assets, helping to enhance capital allocation flexibility across different market cycles. FalconX emphasized that this transaction reflects its growing capability in providing institutional-grade bitcoin credit solutions. (PRNewswire)