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According to market news, SpaceX is expected to go public in June, potentially surpassing Saudi Aramco's $29 billion fundraising record to become the largest IPO in history. Meanwhile, OpenAI and Anthropic also plan to go public in the second half of this year, with the three companies expected to collectively attract over $240 billion in funding, likely marking a significant turning point for liquidity changes in the cryptocurrency market.Market analysis suggests that these super IPOs may significantly withdraw liquidity from risk assets, while the cryptocurrency market is in the same pool of funds. As mainstream cryptocurrencies like Bitcoin and Ethereum have been highly correlated with Nasdaq and U.S. stock market risk appetite in recent years, a large amount of capital shifting towards subscribing to tech giants' IPOs may weaken the buying support for BTC, ETH, and altcoins.

According to official news, the first phase of Gate's Pre-IPOs project SpaceX (SPCX) has raised nearly $395 million.At the same time, users participating in the GUSD liquidity pool staking can also enjoy an annualized return of approximately 2.9%, further enhancing the efficiency of capital utilization. In terms of price, the subscription price for the SPCX IPO is $590, and the pre-market quotation has now risen to $600.99.

SlowMist CISO 23pds disclosed that the password management tool Bitwarden CLI version 2026.4.0 suffered a Checkmarx supply chain attack between 17:57 and 19:30 Eastern Time. The attacker briefly distributed a malicious package via npm by abusing the GitHub Action in the Bitwarden CI/CD pipeline.The official confirmation states that Vault data was not leaked, and production systems were not affected; only users who installed this version via npm during that time window were impacted. The official recommendation for affected users is to immediately uninstall 2026.4.0, clean the npm cache, rotate sensitive credentials such as API Tokens and SSH Keys, investigate any abnormal activities on GitHub and CI, and upgrade to the fixed version 2026.4.1.

Lido has released the latest developments regarding the Kelp security incident, stating that its Earn series vaults are working with the management to address the issues, which involve two major risk points: the rsETH exposure and the liquidity tension in the lending market. Lido emphasizes that the core staking protocol has not been affected, and both stETH and wstETH remain safe and stable.Currently, only the EarnETH vault has an approximately 9% TVL exposure to rsETH, and related deposits and withdrawals have been suspended by the management, awaiting a solution. Approximately $70 million in ETH has been recovered from the previous attack, and the subsequent asset recovery and loss distribution are still in progress. In response to liquidity pressure, the management has reduced leverage and optimized the position structure, significantly decreasing the wETH debt exposure. If losses ultimately occur, EarnETH will activate a $3 million "first loss protection mechanism" (funded by the DAO). As for other vaults, DVV and EarnUSD have not been affected and are operating normally; the GGV sub-vault is currently experiencing negative returns due to the combination of circular staking strategies and rising lending rates, but adjustments are ongoing. Withdrawal requests submitted by users will be processed based on valuations prior to the incident.

Microsoft had evaluated the possibility of acquiring the AI programming tool company Cursor, but ultimately did not proceed with the deal. Subsequently, SpaceX quickly reached an agreement to obtain an option to acquire Cursor at a valuation of $60 billion, with a $10 billion penalty for cancellation if the acquisition is not completed.Cursor is currently an important player in the AI programming sector, benefiting from the strong demand for automated programming tools from developers. Competition in this field has become increasingly fierce, with OpenAI and Anthropic being major players. On the other hand, Microsoft is facing multiple pressures, with its stock price down 10% this year, underperforming its peers in the hyperscale data center sector.

SpaceX stated in its IPO application documents that orbital AI computing and the industrialization efforts on the Moon and Mars are still in the early stages, involving significant technological complexities that may not be commercially viable.Elon Musk has called space AI computing an obvious choice, believing that orbit could become the lowest-cost storage location for AI within two to three years. The documents warn that orbital AI data centers operate in harsh and unpredictable space environments, where systems may fail. Additionally, delays in the development of Starship could also limit the company's growth strategy. SpaceX currently targets a valuation of approximately $1.75 trillion and plans to raise $75 billion in the coming months.

According to official news, the Trump family mining company American Bitcoin announced that it has completed the power deployment of approximately 11,298 ASIC miners, further advancing its expansion plan and enhancing overall mining capacity.Data shows that after this expansion, the company's total self-owned hash rate reaches approximately 28.1 EH/s, an increase of about 12% compared to before; the total scale of miners has increased to approximately 89,242 units, with new hash rate of about 3.05 EH/s and energy efficiency of about 13.5 J/TH.In terms of operations, approximately 58,999 miners are currently online, corresponding to a hash rate of about 25.0 EH/s, with an average energy efficiency of about 14.1 J/TH. The company stated that this round of expansion will strengthen its structural advantages in Bitcoin accumulation.

Etherealize's latest research report proposes the theory of "Productive Money," suggesting that if Ethereum captures the current monetary premium of approximately $31 trillion represented by gold and Bitcoin combined, its implied price could exceed $250,000, far higher than the current level of about $2,300.The report points out that ETH not only possesses traditional currency attributes such as scarcity, verifiability, and censorship resistance, but it can also generate an annual yield of about 2% to 4% through staking, achieving the characteristic of "interest-bearing" money, thus distinguishing it from non-productive assets like gold and Bitcoin. Additionally, ETH serves a threefold demand source in the DeFi ecosystem as "collateral asset + fee burning + staking lock-up," forming a mechanism for supply contraction and value accumulation.The report believes that with the development of on-chain finance and asset tokenization, ETH is expected to possess both "store of value + productive asset" dual attributes. However, the report also warns that achieving this valuation path for ETH still faces multiple uncertainties, including regulation, technology, and competition, and the long-term value reassessment depends on the market's recognition of its monetary attributes.

According to Cointelegraph, bipartisan lawmakers in the United States jointly announced the "PACE Act," which aims to create a unified national payment license for fintech companies and cryptocurrency companies, to be regulated by the Office of the Comptroller of the Currency (OCC).

According to CoinDesk, the prediction market platform Kalshi is preparing to launch cryptocurrency trading in the United States, expanding beyond its core prediction market business. According to insiders, the platform plans to initially introduce perpetual contracts linked to cryptocurrencies like Bitcoin.This move will put Kalshi in more direct competition with cryptocurrency platforms like Coinbase. Coinbase currently does not offer true perpetual contracts in the U.S., but has launched "perpetual-like" futures contracts with long durations and has expressed intentions to introduce more advanced derivatives products within the U.S.Kalshi holds several licenses from the U.S. Commodity Futures Trading Commission (CFTC) and has recently been approved to offer margin trading, positioning it to enter the derivatives market. Insiders say the company expects to start with cryptocurrency-linked perpetual contracts and may expand this model to other asset classes in the future.Kalshi's competitor Polymarket also announced on X plans to launch perpetual futures on its platform, but did not disclose further details. A video in the tweet shows that users will be allowed to trade leveraged long and short positions on assets like gold, NVIDIA, BTC, AAPL, and indicates that registration will provide early access.

SpaceX posted on the X platform that it has reached a cooperation intention with AI programming startup Cursor, which grants SpaceX the right to acquire it later this year for $60 billion, or to pay $10 billion to advance cooperation between the two parties. Cursor is a rapidly growing artificial intelligence startup focused on developing code writing software.

According to two informed sources, SpaceX has agreed to acquire Cursor for over $50 billion. Cursor is a rapidly growing artificial intelligence startup focused on developing code-writing software. As SpaceX makes this deal, it is preparing for what could be one of the largest IPOs in history.Founded in 2022, Cursor has raised over $3 billion in funding and has generated buzz as one of the fastest-growing AI startups. SpaceX previously stated that Cursor has granted SpaceX the right to acquire Cursor for $60 billion, or SpaceX may also choose to pay $10 billion for the collaborative results of both parties.

According to market news, U.S. Congressman proposed the PACE Act, aimed at modernizing the U.S. payment system.The bill intends to allow qualified companies to directly access the Federal Reserve payment rails to reduce payment delays, lower transaction fees, and accelerate the transfer speed for consumers and businesses. Reports indicate that the proposal has received support from fintech and cryptocurrency groups, with the goal of making the payment system faster, lower-cost, and more competitive.

ChainCatcher reported live that Celine Tan, Head of Liquidity Distribution at BNY Mellon Investment Management Hong Kong Limited, Kelly Sohn, Head of Digital Asset Strategy at Mirae Asset Securities (HK) Limited, Victor Jung, Head of Digital Assets at Hamilton Lane, and Xu Ping, Managing Director of Global Investment Banking at JPMorgan, attended the HK Web3 Feastival roundtable to share "The RWA Moment in Asia-Pacific: Hong Kong vs Singapore."The attendees generally believe that RWA is currently transitioning from proof of concept to broader implementation, driven mainly by the gradual maturity of technology, increasingly clear regulatory frameworks, and the rising market demand for stable, yield-generating asset allocations.Kelly Sohn stated that this round of RWA warming is different from the past, not driven by a single factor, but rather the result of the combined effects of technology, regulation, and capital flow. She also pointed out that the assets currently more suitable for tokenization include standardized products such as money market funds and commodities, and the combination of stablecoins and tokenized assets will further enhance on-chain transaction and settlement efficiency.Xu Ping mentioned that Singapore has become more cautious overall after the FTX incident, with a greater focus on institutional investors; in contrast, Hong Kong has advantages in retail access, licensing systems, and market innovation inclusiveness, making it more attractive to exchanges, stablecoin issuers, and custodians. She also noted that banks will play a key role in infrastructure, custody, and payment settlement within the RWA ecosystem.Victor Jung indicated that the market has previously focused too much on the institutional narrative, but the retail side is also an important source of demand for tokenization. He summarized the current demand into two categories: one is to obtain more yield through on-chain solutions, and the other is to reduce costs by improving efficiency. In his view, the industry driving force has gradually shifted from early technology supply to being driven by real investor demand.The roundtable discussion also mentioned that for RWA to further expand its application in the next phase, it still needs to address issues such as regulatory clarity, institutional infrastructure readiness, and investor education, as these factors remain key variables affecting the further development of the market.

According to a Reuters report, SpaceX's prospectus shows that its Starlink business's operating revenue rose to $4.42 billion last year, a significant increase compared to $2 billion in 2024 and $469 million in 2023. In addition, the document reveals that Musk and a few insiders will maintain voting control through a dual-class share structure after the IPO.The company's cash position increased from about $11.4 billion at the end of 2024 to over $22.8 billion, with total assets of approximately $92 billion and total liabilities of about $50.8 billion by the end of 2025. Cash and cash equivalents on the balance sheet amount to $24.8 billion. Meanwhile, the xAI business's operating losses expanded to $6.4 billion last year.

SpaceX will hold a three-day closed-door analyst meeting in the United States this week to promote its business and strategy to Wall Street institutions in preparation for a potential IPO. According to insiders, the company aims to raise about $75 billion, with a valuation possibly reaching $1.75 trillion, with plans to go public as early as June.The meeting will cover SpaceX's Texas Starbase launch site and Tennessee data center project, and participating analysts will need to submit electronic devices to ensure information confidentiality. This roadshow is a key part of the IPO process, and there will be subsequent model presentations to further disclose financial and growth expectations. In addition, the company plans to reserve about 30% of shares for retail investors and expand into global markets. Several Wall Street investment banks have already participated in the underwriting arrangements.