Wall Street

Wall Street
SpaceX Lists on Nasdaq at $1.77 Trillion: Crypto’s Pre-IPO Bets Face Their First Real Convergence Test

SpaceX begins trading on Nasdaq today under the ticker SPCX, pricing 555.6 million shares at $135 for a roughly $1.77 trillion valuation and a $75 billion raise, the largest IPO in United States history. The book, led by Goldman Sachs,…

Wall Street
SpaceX Is Draining Bitcoin’s Liquidity, and Here Is the Twist: It Holds 18,712 BTC on Its Balance Sheet

Bitcoin did not crash this month because something broke in crypto. It crashed, in meaningful part, because the most exciting trade of 2026 is happening somewhere else. Reuters has explicitly tied Bitcoin’s weak 2026 performance to booming AI stocks and…

DeFi
Apollo and VanEck Just Backed a DeFi Protocol: Morpho’s $175M Raise Is the Clearest TradFi Surrender Signal Yet

Morpho Association raised $175 million on June 9 in one of the largest funding rounds in DeFi history, at a $2 billion valuation. The round was co-led by Paradigm, a16z crypto, and Ribbit Capital. But the names that matter most…

Crypto Conference
From $30 Billion to $5 Trillion: Securitize’s CEO Just Made the Biggest RWA Call of 2026 at ETHConf

Carlos Domingo runs the company that tokenizes BlackRock’s funds. So when the Securitize CEO stood on an ETHConf panel in New York on Tuesday and put a number on where real-world assets are heading, the room paid attention. His math:…

Wall Street
The USDC Company Wants Your Bitcoin Too: Circle Launches cirBTC and the Wrapped Bitcoin War Is On

Circle, the company behind the $60 billion-plus USDC stablecoin, launched cirBTC on Ethereum on June 8, 2026: a wrapped Bitcoin token backed 1:1 by native BTC held in segregated, regulated custody and verified in real time through Chainlink Proof of…

Wall Street
SBF Files for a Trump Pardon, FTT Jumps 50%, and Will it Work?

Sam Bankman-Fried formally applied for a presidential pardon from Donald Trump on June 8, 2026. The application is listed as pending with the U.S. Department of Justice’s Office of the Pardon Attorney under case number P338490. Bankman-Fried confirmed on Fox…

Wall Street
Bitcoin ETF Outflows Hit $1.7B+ and Strategy Just Bought Back 1,550 BTC: Is the Bottom Actually In?

Bitcoin’s daily RSI fell to 15.5 on June 7, the most oversold reading since the March 2020 COVID crash. Spot Bitcoin ETFs have bled more than $1.7 billion over four weeks of consecutive outflows, erasing the bulk of year-to-date institutional…

Wall Street
The Numbers Banks Don’t Want You to See: Saylor’s Consensus 2026 Data on BTC vs Traditional Finance

There is a specific slide from Saylor’s Consensus 2026 keynote that no bank’s wealth management team will put in a client presentation. It shows, in a single bar chart, the annualized returns of every major asset class since August 2020.…

Crypto Exchange
Three Crypto Exchanges Launched US Stock Trading on the Same Day. Here’s Why June 1st Changed Everything

On June 1, 2026, three separate crypto exchanges launched US stock trading products for non-US users on the same day. Binance announced access to more than 7,000 stocks and ETFs commission-free, funded via USDC, USDT, or BNB, through a partnership…

Michael Saylor presenting Bitcoin vs traditional banking performance data at Consensus 2026, Miami
Bitcoin
Bitcoin vs Traditional Banking: What Saylor’s Consensus 2026 Data Actually Shows

The comparison between Bitcoin and traditional banking has been a theoretical debate for fifteen years. At Consensus 2026 in Miami, Michael Saylor turned it into a data exercise. The numbers on his slides were not projections or models. They were…