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According to The Block, Cathie Wood's Ark Invest purchased 181,847 shares of SpaceX on Wednesday, worth approximately $27 million.SPCX fell 0.81% on the day, closing at $148.26, with a cumulative decline of 13.5% over the past five trading days.

According to Reuters, informed sources revealed that due to the subscription scale reaching several times, South Korean chip manufacturer SK Hynix will end its $28 billion American Depositary Receipt (ADR) issuance book-building at 4 PM Eastern Time on Wednesday. It is reported that the final pricing guidance for this issuance will be announced after the close of the Korean stock market on Thursday, and the allocation results will be finalized later on Thursday evening, with plans to officially list on Nasdaq on July 10.The report pointed out that this issuance has attracted strong demand from American investors, with several large orders ranging from $200 million to over $1 billion. The company previously disclosed that institutions such as Baillie Gifford and Coatue Management have expressed interest in purchasing a total of up to $7 billion in ADRs. This transaction is expected to issue 17.79 million new shares, making it the second largest stock issuance in history globally, following SpaceX's record $85.7 billion IPO last month, surpassing the previous records of Saudi Aramco (2019) and Alibaba (2014). As a core supplier of high bandwidth memory (HBM) for companies like Nvidia and Google, SK Hynix stipulates that every 10 ADRs represent 1 share of common stock, with a reference price of 242,500 Korean won per ADR based on the Seoul closing price on July 3.

According to Cointelegraph, the New Hampshire Business Finance Authority (BFA) is scheduled to hold a public hearing on Wednesday regarding the issuance of $100 million in Bitcoin-backed bonds. The plan was approved by the BFA in November 2025 and requires final approval from the governor and a five-member executive council.The bonds are secured by collateral from the private borrower CleanSpark, with no recourse to state funds or taxpayers. Moody's assigned a preliminary rating of Ba2 (speculative grade) to the bonds in March. New Hampshire is the first state to pass a strategic Bitcoin reserve law, allowing 5% of public funds to be invested in digital assets.

According to The Block, Ark Invest, led by Cathie Wood, purchased nearly $18 million worth of Circle Internet Group stock on Wednesday, with CRCL dropping to $61.95 that day, a cumulative decline of 41% over the past month.

According to Jinshi reports, SpaceX (SPCX.O) options contracts will begin trading next Tuesday, and the company's stock started trading today. SpaceX raised $75 billion at a valuation of $1.765 trillion, with the stock opening at $150, higher than the IPO issue price of $135.A spokesperson confirmed that the options will be traded on exchanges including the Chicago Board Options Exchange (CBOE) and Nasdaq. These derivatives may see strong demand as they provide investors the opportunity to bet on the stock's future performance or hedge against the risk of a decline in stock price. A surge in options trading volume could further increase demand for stock trading.

An unknown trader sold approximately $1.3 billion worth of BlackRock's Bitcoin spot ETF IBIT in the dark pool market on Tuesday, attracting market attention. Data shows that the trader sold 29,200,000 shares of IBIT around 14:30 UTC at a price of $43.16. As a result, the price of Bitcoin dropped from $77,875 to $76,720 within 10 minutes, a decline of about 1.5%, and then further fell to around $75,600.Alex Thorn, head of research at Galaxy Digital, stated that this was the largest IBIT dark pool trade he had ever seen. Bloomberg ETF analyst Eric Balchunas noted that this trade was more than 22 times larger than the second-largest IBIT sell order of the day. Additionally, U.S. Bitcoin spot ETFs have seen net outflows for eight consecutive trading days. On Tuesday alone, the net outflow was approximately $333.6 million, with IBIT accounting for about $192.4 million. Since May 14, the cumulative net outflow from Bitcoin ETFs has exceeded $2 billion. Reports indicate that Jane Street reduced its Bitcoin ETF holdings by about 70% in the first quarter of this year, while Goldman Sachs also cut its related positions by about 10%.

According to the Science and Technology Innovation Board Daily, South Korea will launch a single leveraged exchange-traded fund linked to semiconductor giants Samsung Electronics and SK Hynix this Wednesday.Documents released by the Financial Services Commission and the Financial Supervisory Service of South Korea show that eight asset management companies, including Samsung Asset Management, Mirae Asset, Korea Investment, KB, Shinhan, Hanwha, Kiwoom, and Hana Financial, will list a total of 16 single leveraged and inverse ETFs based on Samsung Electronics and SK Hynix in the South Korean stock market. Mirae Asset Securities will also launch two types of ETNs.

According to Jinshi reports, the US and Israel are expected to resume strikes against Iran as early as next week. Amidst the soaring expectations of interest rate hikes in the bond market, the last meeting minutes of the "Powell era" are coming. Here are the key points that the market will focus on next week (all in Beijing time):Tuesday 9:30, the Reserve Bank of Australia will release the minutes of the May monetary policy meeting;Tuesday 20:00, Federal Reserve Governor Waller will speak at the European Central Bank research conference;Tuesday 20:15, the weekly change in ADP employment numbers for the week ending May 2 in the United States;Wednesday 7:00, 2026 FOMC voting member and Philadelphia Fed President Harker will speak;Thursday 2:00, the Federal Reserve will release the minutes of the monetary policy meeting;Thursday 20:00, European Central Bank Chief Economist Lane will speak at the European Central Bank research conference.The AI boom and consumer spending under inflationary pressure are the two main themes currently influencing the direction of US stocks. Next week, semiconductor giant Nvidia (NVDA) and a number of retail companies such as Walmart (WMT) will successively disclose their earnings reports. Nvidia will release its earnings report after the US market closes on Wednesday, and Walmart will release its earnings report before the US market opens on Thursday.

According to Cointelegraph citing Punchbowl, Coinbase CEO Brian Armstrong will have lunch with Senate Republicans on Wednesday to discuss the voting on the CLARITY Act. The vote on the bill will take place on Thursday.

According to Jin Shi reports, U.S. Vice President Vance stated: (The strike on) the Harcourt does not mean a strategic shift. He reiterated that the deadline for Iran is 8 PM Eastern Time on Tuesday. We will receive Iran's response before 8 PM Eastern Time. The U.S. is confident that Iran will respond. Iran has never been the fastest in negotiations, and it is still not.

Crypto journalist Eleanor Terrett posted on the X platform that the U.S. House Financial Services Committee plans to hold a hearing on tokenization next Wednesday at 10 AM (Eastern Time), with Blockchain Association CEO Summer Mersinger attending as an invited witness.

According to Politico, citing two informed sources, President Trump met privately with Coinbase CEO Brian Armstrong on Tuesday.As the discussion was a closed-door matter, the sources requested anonymity. It is unclear what was specifically discussed during the meeting, but shortly after, Trump posted on social media that banks "need to reach a good deal with the crypto industry" to advance the digital asset legislation currently stalled on Capitol Hill. He also stated that a recently passed crypto law "is being threatened and undermined by banks, which is unacceptable"—a statement that echoes Coinbase's position.

Cryptocurrency journalist Eleanor Terrett posted on X that insiders revealed the next round of discussions between the White House and cryptocurrency institutions regarding stablecoin yield issues is scheduled for next Tuesday.This meeting will still involve bank staff, but in addition to representatives from the banks themselves, representatives from various industry associations will also attend. The specific list of attendees will be disclosed later.

According to Jin Shi citing NBC News, U.S. House Speaker Johnson stated that he is confident of securing enough votes to end part of the government shutdown by at least Tuesday.

According to a document released on Monday, NYSE Arca, a subsidiary of the New York Stock Exchange Group, has approved the listing application for the Grayscale Chainlink Trust ETF, which will begin trading on Tuesday.In the past few weeks, the United States has launched several cryptocurrency ETFs, including those tracking Litecoin, HBAR, XRP, and SOL.

Bitwise Dogecoin ETF (ticker symbol BWOW) could potentially list as early as Wednesday, after NYSE Arca, a subsidiary of the New York Stock Exchange Group, approved the listing and registration of the ETF on Tuesday.According to the filed documents, "NYSE Arca confirms that it has approved the listing and registration of the common stock of Bitwise Dogecoin ETF (Bitwise Dogecoin ETF Series), which approval is executed pursuant to the Securities Exchange Act of 1934."

According to Beincrypto, South Korea's largest cryptocurrency exchange Upbit's parent company Dunamu and payment platform Naver Financial plan to announce a merger on November 27. The boards of both parties will approve this all-stock exchange transaction on the 26th, with an estimated exchange ratio of 1:3. After the transaction is completed, Dunamu will become a wholly-owned subsidiary of Naver Financial.After the merger, Dunamu's major shareholders will hold nearly 30% of the new company, while Naver's stake will decrease from 69% to 17%, but it will retain operational control. This transaction values Naver Financial at approximately 50 trillion won and Dunamu at about 150 trillion won.

The Bybit "Wednesday Airdrop" has officially begun. This week, trading tasks for popular coins such as MNT are assigned, and users participating in the lottery have a 100% chance of winning, with a total prize pool of $150,000. Additionally, users who trade and hold MNT can share an extra prize pool through a points mechanism.The upgraded Bybit "Wednesday Airdrop" introduces a dual prize pool mechanism, starting every Wednesday at 10:00 UTC and lasting until the following Tuesday at 23:59 UTC. Users can participate through the Bybit App.

Prashant Newnaha, Senior Rates Strategist at TD Securities Asia Pacific, stated that we expect the next step to be the U.S. House of Representatives voting on Wednesday local time (regarding the temporary funding bill), and the U.S. government is expected to reopen this Friday.The U.S. shutdown has undoubtedly had a negative impact on the economy, but the market is likely anticipating a swift rebound in the economy after the shutdown ends. Besides the short-term positive sentiment, the direct market impact of the end of the U.S. shutdown should become limited after early next week. (Jin Shi)

Bybit announces a comprehensive upgrade to its weekly "Airdrop Madness Wednesday" event, introducing a dual prize pool structure to create a richer reward experience for the community.The upgraded event includes two major reward mechanisms:Lucky Draw: Set in three stages - Basic, Intermediate, and Advanced. Users can qualify for the draw by completing deposit and trading tasks, ensuring rewards. As trading volume increases, higher value rewards can be unlocked.Sharing Rewards: A brand new points-based prize pool, where users accumulate points by completing tasks. Qualified participants who reach the minimum points threshold can share the prize pool according to their points ratio.