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According to a report by Reuters, SpaceX plans to set the initial public offering (IPO) price at $135 per share, intending to issue approximately 555.6 million shares, raising up to $75 billion, corresponding to a company valuation of about $1.75 trillion. If successfully completed, it will become one of the largest IPO projects in the history of the global capital market.The report states that SpaceX's roadshow will kick off this Thursday. Unlike traditional IPOs that usually provide a price range first, SpaceX has clarified its target issue price before the roadshow, which is a relatively rare arrangement. The market expects this roadshow to become one of the most closely watched IPO promotional events in recent years.It is noteworthy that SpaceX has previously completed a merger with xAI, forming a comprehensive platform covering aerospace, satellite communications, and artificial intelligence businesses. The raised funds will primarily be used to expand AI computing power infrastructure and further develop the Starlink satellite network.According to reports, SpaceX is also considering allocating up to about 30% of the offering shares to retail investors to meet market demand and expand the shareholder base. At the same time, Elon Musk will be required to hold his shares for at least 366 days after the IPO to signal a long-term holding commitment to the market.

According to BBX data, yesterday global giant listed companies experienced a historic turning point in the operation of digital asset treasury and compliance derivatives infrastructure, with the following core dynamics:Strategy's historic first sale of Bitcoin: Strategy Inc. (NASDAQ: $MSTR) officially disclosed that from May 26 to May 31, the company sold 32 BTC, with net proceeds of approximately $2.5 million (average net $77,135), to pay its preferred stock dividends. This marks the company's first sale of its held Bitcoin since establishing its Bitcoin treasury strategy in August 2020. After this adjustment, its remaining holdings are 843,706 BTC, with a total cost of $6.387 billion, average $75,699.CME officially announces the launch of 24/7 crypto futures and options: CME Group Inc. (NASDAQ: $CME) officially announced today (June 1) that its crypto futures and options officially launched 24/7 trading starting May 29. In the first weekend, over 7,200 contracts were recorded across the network, with a nominal value of $50 million, and Bitcoin volatility futures (BVI) launched simultaneously. Data reveals that the nominal trading volume of its crypto derivatives reached $30 trillion for the entire year of 2025, while the average daily trading volume from 2026 to date has surged by 46% year-on-year.Capital B continues to buy spot: French-listed company Capital B confirmed yesterday that its treasury has recently increased its holdings by 4 more Bitcoins, steadily raising its total holdings to 3,139 BTC.

According to SoSoValue data, during the last trading week (Eastern Time May 25 to May 29), Bitcoin spot ETFs experienced a net outflow of $1.42 billion, marking the third highest in history.The Bitcoin spot ETF with the highest net outflow last week was Blackrock ETF IBIT, with a weekly net outflow of $966 million, bringing the total historical net outflow for IBIT to $63.81 billion. Following that was Grayscale Bitcoin Trust GBTC, with a weekly net outflow of $175 million, and the total historical net outflow for GBTC has reached $26.62 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $94.17 billion, with an ETF net asset ratio (market value as a percentage of Bitcoin's total market value) reaching 6.38%, and the historical cumulative net inflow has reached $55.66 billion.

According to a post by Kairos Research on platform X, the HYPE spot ETF has absorbed 1.04% of HYPE's circulating market value in the first 10 trading days since its launch, making it the strongest debut performance among all spot crypto ETFs to date. Comparative data from the same period shows that among the newly issued institutional cohort (excluding net outflows from legacy trust products like GBTC and ETHE), the BTC spot ETF accounted for 0.59%, ETH for 0.41%, and SOL for 0.31%.

Kairos Research posted on platform X that the HYPE spot ETF has absorbed 1.04% of HYPE's circulating market value in the first 10 trading days since its launch, making it the strongest debut performance among all spot crypto ETFs to date. Comparative data during the same period shows that the newly issued institutional cohort (excluding net outflows from legacy trust products like GBTC and ETHE) had a share of 0.59% for the BTC spot ETF, 0.41% for ETH, and 0.31% for SOL.

According to CoinDesk, Mark Connors, Chief Investment Officer of Risk Dimensions and former Head of Global Portfolio Management at Credit Suisse, stated that Bitcoin's previous underperformance against the S&P 500 index, which lasted for 142 days, ended in early May, marking the longest duration in history. It has now entered a new phase of outperformance.

U.S. ETF inflows are at a historic record level, attracting over $852 billion in net inflows so far this year, the highest annual amount ever. The current inflow rate is 33% higher than in 2025, and it is expected to achieve growth for the third consecutive year. The average net inflow per trading day is $8.5 billion, compared to only $2.2 billion in 2023. At the current pace, U.S. ETF inflows will surpass $1 trillion in the next 18 trading days. Investor demand for ETFs has never been this strong.

The AI infrastructure platform B.AI has released a history of Credits consumption record optimization and compensation explanation. With the continuous upgrade of the Credits billing system and display dimensions, the platform has recently conducted a comprehensive review of historical consumption records. During this process, it was found that for certain requests made between May 1, 2026, 00:00 and May 3, 2026, 03:00 (SGT), the consumption details displayed on the front end did not fully present all cost components. This was mainly due to the underlying cache-related fees not being displayed on the page, causing users to typically only see input/output token consumption, leading to a misunderstanding of the overall Credits consumption.To address the above issues, the platform has now completed data corrections and realigned with historical records. Additionally, based on more cautious and user-friendly rules, Credits compensation will be automatically issued to affected accounts (valid for 30 days from the date of receipt) without any action required from users. Please pay attention to account balance updates. In the future, B.AI will continue to upgrade the Credits display system to further enhance long-term transparency and user experience.

According to market news, Silicon Valley's top investor Peter Thiel's venture capital fund Founders Fund has raised $6 billion to invest in late-stage companies, marking the largest fundraising in the institution's history.Most of the funds—$4.5 billion—come from limited partners, including sovereign wealth funds. A source familiar with the matter stated that the remaining $1.5 billion comes from senior management and employees of Founders Fund, including Peter Thiel himself. The fund's fourth growth-stage investment fund was quickly established less than a year after the launch of the previous fund, making it the fastest transition to a new fund in Founders Fund's twenty-year history.The rapid launch of a larger fund reflects the rising demand for substantial financing from mature-stage startups, which are increasingly inclined to raise funds from private investors rather than the public market. Other venture capital firms are also raising billions of dollars for late-stage investments, partly because tech companies need more capital to afford expensive computing resources. For example, Sequoia Capital recently raised about $7 billion for a new fund to increase investments in large companies; Thrive Capital has also raised a fund of $10 billion, marking its largest scale in history.

In less than three weeks, 12 agreements were stolen for over $606 million. Among them, the Drift incident resulted in a loss of $285 million, and Kelp DAO suffered a loss of $292 million, with the two attacks accounting for approximately 95% of the total losses.

According to CoinDesk, the U.S. Treasury repurchased $15 billion of issued government bonds, setting a record for the largest scale of government bond repurchases in U.S. history.

According to CoinDesk, Glassnode's Bitcoin on-chain metric RHODL ratio is currently at 4.5, which is the third highest level on record, and the signals it emits are more aligned with a market bottom rather than a cycle top.The RHODL ratio compares the value of Bitcoin held by long-term holders (holding for 6 months to 3 years) to that held by short-term holders (holding for 1 day to 3 months). An increase in the ratio typically reflects a longer holding period for chips and reduced speculative activity, rather than an influx of new buyers—this dynamic has occurred after significant corrections in 2015, 2019, and 2022. During the 50% drop in Bitcoin over the past six months, young speculative chips have been largely washed out, concentrating wealth among long-term holders.Historically, the RHODL ratio has only been higher than the current level twice: in 2015 (ratio of 5) and in 2022 (ratio of 7), both corresponding to cycle bottoms, which suggests that Bitcoin may still have further downside potential. However, to push the ratio to higher levels, it typically requires the activity of short-term holders to be nearly exhausted, and this condition is not yet evident under current circumstances—Bitcoin has rebounded about 25% from its February low, perpetual contract funding rates remain negative, and the S&P 500 has also reached an all-time high.Overall, this indicator suggests that the current market conditions are closer to an adjustment within the cycle rather than a cycle top formation, and the re-dominance of long-term holders in the market may indicate that a phase bottom is approaching.