BeInCrypto

Global crypto news media est. 2018 ¦ breaking news, analysis, podcasts & more.

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[BeInCrypto @beincrypto]

The historic halls of the Louvre Palace in Paris hosted the first edition of the Institutional 100 Awards on June 2nd.

Honoured to have partnered with Proof of Talk to host a ceremony recognising the organisations and leaders at the forefront of the convergence of digital assets and finance.

Big Shoutout to co-hosts @proofoftalk, all our judges, and everyone who stood with us.

Congratulations to our winners, and to everyone building at the next phase of finance. 🎉

Watch the recap of the evening below 👇

[BeInCrypto @beincrypto]

Wow, $ICP developers are cooking fr!

Internet Computer $ICP ranks #2 in recent developer activity among AI and big-data-focused crypto projects, per Santiment.

Meanwhile, $ICP is up 15% today!

[BeInCrypto @beincrypto]

@raintures exactly, single whale wallets are still one of the biggest risks in small-cap tokens

[BeInCrypto @beincrypto]

Another day, another dump!

siren-2:native plunged ~75% today, after its largest holder began aggressive selling.

The whale sold off nearly 80% of their siren-2:native holdings.

The wallet still holds ~130 million tokens!

[BeInCrypto @beincrypto]

Click here to read the full story:
https://t.co/vPeCm0dVkg

[BeInCrypto @beincrypto]

Elon Musk's SpaceX $SPCX just became the 8th-largest public Bitcoin holder!

SpaceX holds 18,712 $BTC, valued at $1.45 billion.

All Elon Musk's companies hold around 30,200 $BTC in total.

[BeInCrypto @beincrypto]

Read the full story:
https://t.co/HaeACIGKVB

[BeInCrypto @beincrypto]

Is this the right step toward safer AI? 👀

Anthropic has disabled access to its Fable 5 & Mythos 5 AI models to comply with a U.S. government export control directive citing "national security authorities."

[BeInCrypto @beincrypto]

Is $59K the real Bitcoin bottom, or does the market still need one more flush?

Read the full story: https://t.co/55IK7z30Jv

[BeInCrypto @beincrypto]

Bitcoin’s bottom debate just got interesting.

Standard Chartered says the cycle low is already in at $59K, after bitcoin:native fell 53% from its $126K all-time high.

Galaxy disagrees, arguing the real floor could still be closer to $40K-$46K later this year.

But both agree on one thing:

this cycle probably does not need the old 80% crash to reset.

[BeInCrypto @beincrypto]

Legendary bitcoin maxi @danheld says "the banks and large institutions have bent the knee to bitcoin, not the other way around."

Our Global Head of News @BMcGleenon recently sat down with Dan to discuss all things $BTC!

"Bitcoin is not going to change no matter how much turmoil in the world occurs."

WATCH THE FULL PODCAST 👇
https://t.co/dg1UmCsYpd

[BeInCrypto @beincrypto]

SpaceX IPO access became the first big stress test for tokenized stocks.

Binance, Kraken, Bybit, and others saw huge demand for $SPCX exposure, but allocations came in far below expectations. Bybit got zero allocation and refunded users.

Meanwhile, Solana CPO Vibhu says this is exactly why open markets matter: multiple issuers can compete, users get choices, and no single platform owns the outcome.

Crypto rails moved fast.

Wall Street still controlled the shares.

[BeInCrypto @beincrypto]

SpaceX $SPCX is officially live on Nasdaq 🚀

The stock is already up more than 20% from its $135 IPO price, pushing SpaceX to around $2.19T in market value.

That makes it the 7th most valuable public company in the world.

It also holds 18,712 BTC on its balance sheet.

[BeInCrypto @beincrypto]

@elonmusk We are ready 👇🏻

https://t.co/thlo8mhboL

[BeInCrypto @beincrypto]

Before trading begins, Nasdaq must complete a price-discovery auction where buy and sell orders are collected and matched.

At around 9:50 AM ET, the first indications for $SPCX were released at $175 per share a ~30% premium to the $135 IPO price.

During this process:

1. Orders are entered, but no trades occur yet
2. Nasdaq continuously updates the indicative opening price
3. The price is adjusted until buy and sell orders balance
4. Only then does the opening auction complete and the first trade print

Major IPOs often face delays. Google (2004) and Meta (2012) both saw their first trades more than two hours after the market opened.

We expect SpaceX ($SPCX) to open for trading within the next 60 minutes.

[BeInCrypto @beincrypto]

Before trading begins, Nasdaq must complete a price-discovery auction where buy and sell orders are collected and matched.

At around 9:50 AM ET, the first indications for $SPCX were released at $171 per share, a 27% premium to the $135 IPO price.

During this process:

1. Orders are entered, but no trades occur yet
2. Nasdaq continuously updates the indicative opening price
3. The price is adjusted until buy and sell orders balance
4. Only then does the opening auction complete and the first trade print

Major IPOs often face delays. Google (2004) and Meta (2012) both saw their first trades more than two hours after the market opened.

SpaceX ($SPCX) could open for trading within the next hour.

[BeInCrypto @beincrypto]

$SPCX indicated to open 27% above IPO price 🚀

SpaceX priced its IPO at $135, but early Nasdaq indications point near $171 as demand overwhelms supply.

That would push its debut valuation toward $2.24T, after the offering reportedly drew around $350B in total demand.

[BeInCrypto @beincrypto]

@elonmusk The entire world is watching today 👇🏻

https://t.co/thlo8mhboL

[BeInCrypto @beincrypto]

Before trading begins, Nasdaq must complete a price-discovery auction where buy and sell orders are collected and matched.

At around 9:50 AM ET, the first indications for $SPCX were released at $175 per share a ~30% premium to the $135 IPO price.

During this process:

1. Orders are entered, but no trades occur yet
2. Nasdaq continuously updates the indicative opening price
3. The price is adjusted until buy and sell orders balance
4. Only then does the opening auction complete and the first trade print

Major IPOs often face delays. Google (2004) and Meta (2012) both saw their first trades more than two hours after the market opened.

We expect SpaceX ($SPCX) to open for trading within the next 60 minutes.

[BeInCrypto @beincrypto]

$SPCX indicated to open 27% above IPO price 🚀

SpaceX priced its IPO at $135, but early Nasdaq indications point near $171 as demand overwhelms supply.

That would push its debut valuation toward $2.24T, after the offering reportedly drew around $350B in total demand.

[BeInCrypto @beincrypto]

Read the full story: https://t.co/Kio3jsUWZ9

[BeInCrypto @beincrypto]

Sam Bankman-Fried’s 25-year FTX fraud sentence has been upheld by a federal appeals court.

The court rejected SBF’s attempt to overturn his conviction over the $8B collapse of FTX, ruling against his claim that he was denied a fair trial.

The former crypto billionaire remains on track for a projected 2044 release.

[BeInCrypto @beincrypto]

Tether froze around $72M, while roughly $48M still escaped.

So did Monero prove its privacy value, or expose the liquidity ceiling of hiding big money?

Full story: https://t.co/f95mSif8Vv

[BeInCrypto @beincrypto]

A suspected $120M USDT laundering run just sent Monero flying.

@zachxbt traced funds from Tron into KuCoin deposits, instant exchanges, and monero:native orders.

The Monero buying reportedly pushed monero:native from $330 to $420 within hours.

The wallet trail got harder to follow.

The price chart did not.