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SpaceX IPO Attracts Over $250 Billion in Investment Demand

According to reports, SpaceX, the aerospace company led by Elon Musk, has attracted over $250 billion in investment demand for its IPO, surpassing its planned fundraising target of $75 billion. The offering is nearly 4 times oversubscribed, valuing the company at $1.8 trillion. Bankers and investors noted that long-term funds have submitted large orders. Pricing is expected to be finalized on Thursday, though demand figures could still change before orders are placed by major institutional investors. SpaceX's growth narrative is primarily tied to its satellite internet business, Starlink, which has become a significant source of revenue and profit for the company. SpaceX also highlighted that its artificial intelligence products address a market opportunity worth $23 trillion. Cryptocurrency exchanges including Binance, Coinbase, Kraken, and Bybit have listed pre-IPO perpetual futures for SPCX this month. Binance's related product has accumulated a trading volume of $2.1 billion over 18 days, covering over 130 countries. Decentralized exchange Hyperliquid recorded a trading volume of $70 million in the past 24 hours, with open interest exceeding $115 million. (Cointelegraph)

Cardano analytics platform TapTools announces shutdown amid departure of five executives, rendering operations unsustainable

According to Cointelegraph, TapTools, a real-time Cardano analytics platform, announced it will gradually shut down over the next two weeks. Since the beginning of this year, the platform has lost two co-founders, its Chief Operating Officer, Chief Technology Officer, and a backend developer. This exodus has resulted in a critical knowledge gap, rendering the platform unable to maintain normal operations. TapTools also cited high operational costs—including infrastructure, development, and support—as another key reason for the shutdown. The platform stated it remains open to external acquisition or financing. Cardano founder Charles Hoskinson accepted partial responsibility, noting he had previously proposed an “index program” to rescue struggling projects, but the initiative failed to materialize.

Analysis: Model Predicts BTC Could Reach $255,000 This Year; Long-Term Valuation Range Upgraded to $308,000

According to Cointelegraph, Bitcoin has declined approximately 40% from its all-time high in October 2025, yet long-term valuation models indicate substantial upside potential remains. Based on the “Bitcoin Decay Channel” measurement of long-term trends, Bitcoin’s conservative year-end price range has been revised upward to $90,000–$255,000, with the high-end scenario reaching as high as $255,000. This model fits a logarithmic decay trend to historical cycle highs and lows, showing that BTC prices at the peaks of the 2013, 2017, and 2021 cycles all approached the upper channel boundary, while bear market bottoms fell near the lower boundary. Analyst Sminston stated that Bitcoin remains within a historic, long-term upward channel and noted that the price range for 2027 could further expand to $128,000–$308,000.

French Bitcoin Treasury Company Capital B Acquires Additional 192 BTC, Total Holdings Rise to 3,135 BTC<odatory-translate-split><p>Odaily reports that French publicly-listed Bitcoin treasury company Capital B has announced the acquisition of an additional

法国上市比特币财库公司 Capital B 宣布增持 192 枚 BTC,价值约 1300 万欧元(约 1520 万美元),买入均价约为 78948 美元。此次增持后,Capital B 的比特币总持仓量升至 3135 枚 BTC。此前,该公司曾宣布完成 1780 万美元融资,投资方包括 Blockstream CEO Adam Back 及巴黎资产管理公司 TOBAM。数据显示,Capital B 目前为欧洲第二大比特币财库公司,仅次于持有 3605 枚 BTC 的德国 Bitcoin Group SE。尽管公司持续推进比特币财库策略,其股价在公告发布后仍下跌约 2.4%。(Cointelegraph)

Poll: Only 4% of Americans Say They Would Consider Candidates’ Cryptocurrency Stances When Voting

According to Cointelegraph, a survey conducted by POLITICO and Public First among 2,035 U.S. adults found that only 4% of respondents said they would consider candidates’ cryptocurrency policy positions when deciding whom to vote for. The survey also revealed that only 18% of respondents ranked establishing regulatory frameworks for cryptocurrency markets as a congressional priority; 27% supported government efforts to promote cryptocurrency as a mainstream financial asset, while 31% opposed it. Additionally, over half of respondents stated they would not consider trading cryptocurrency, and 45% viewed investing in cryptocurrency as a risk not worth taking.

April Crypto Venture Funding Drops to $659 Million, Lowest Since July 2024

According to Cointelegraph, venture capital funding in the cryptocurrency sector dropped to $659 million in April, the lowest monthly total since July 2024.

Analysis: Strategy’s financing instrument STRC falls below its $100 par value, potentially exerting downward pressure on Bitcoin

According to Cointelegraph, Strategy’s financing instrument STRC has traded below its $100 par value since April 15, potentially undermining its ability to continuously raise capital via share issuance to purchase Bitcoin—raising the risk of Bitcoin falling below $70,000. Strategy previously disclosed that approximately 86% of the funding for its most recent Bitcoin purchase—34,164 BTC—came from STRC financing. The report also notes that historically, during periods when Strategy paused Bitcoin purchases, Bitcoin’s average decline was around 30%. Technically, if the lower boundary of the flag pattern is breached, Bitcoin could fall toward the $67,000–$69,000 range; however, if it holds above both the 20-day and 50-day EMAs, price may still rebound and test the $78,000 resistance level.

Malaysian digital asset exchange Hata closes $8 million Series A funding round, led by Bybit

According to Cointelegraph, Malaysian digital asset exchange Hata has completed an $8 million Series A funding round led by Bybit, with participation from multiple global family offices. Previously, Bybit also participated in Hata’s $4.2 million seed funding round. Hata holds licenses issued by the Securities Commission Malaysia and the Labuan Financial Services Authority, enabling it to provide digital asset trading and custody services in the country.

Swiss Crypto Valley’s blockchain funding grew by 37% in 2025, with TON Network transactions dominating

According to Cointelegraph, Switzerland’s Crypto Valley raised a total of $728 million in blockchain funding in 2025—a 37% year-on-year increase—and accounted for 47% of Europe’s blockchain venture capital. The largest single contribution came from TON Network’s $400 million funding round; Sygnum Bank raised $58 million; the M0 stablecoin platform raised $40 million; Impossible Cloud Network and CratD2C raised $34 million and $30 million, respectively. The report states that global blockchain funding totaled $15.5 billion, up 30% year-on-year, but deal volume declined by 32%, reflecting a trend toward concentration of capital in a smaller number of large-scale projects. The number of active blockchain companies in Crypto Valley rose to 1,766, while the number of unicorns fell from 17 to 10, primarily due to market conditions.

OpenAI Plans to Reserve IPO Shares for Retail Investors; CFO Confirms Strong Demand

According to Cointelegraph, OpenAI CFO Sarah Friar confirmed that the company will reserve a portion of shares for retail investors in its IPO, citing “very strong demand” from individual investors in its latest funding round. OpenAI is currently valued at approximately $300 billion, yet it remains unprofitable. There is significant market debate over the risks associated with retail investor participation in this IPO.