Headlines

Trump: Will Strike Iran Again

Trump stated that a strike against Iran was carried out yesterday and will be repeated today, asserting Iran has agreed not to possess nuclear weapons—only requiring the signing of documents. (Jinshi)

Robinhood Board Member Increases Stock Holdings by Nearly $20 Million, HOOD Rises 6.67%

Robinhood board member Meyer Malka purchased an additional 250,000 shares of HOOD at approximately $81, bringing his total holdings to 8 million shares. This follows cumulative purchases exceeding $50 million over the past week. Driven by this news, HOOD rose 6.67% to $89.36.

U.S. Senators Seek Delay of SpaceX IPO

U.S. Senator Warren urged the SEC to delay SpaceX’s IPO and requested regulatory review. (Jinshi)

Industry News

SpaceX IPO May Become Short-Term Pressure on Bitcoin

Analysts suggest that SpaceX’s upcoming IPO—planned at $135 per share, raising $75 billion, with a valuation of approximately $1.77 trillion—could prompt some investors to liquidate crypto assets to free up capital for subscription, acting as short-term pressure on Bitcoin. Meanwhile, platforms such as Hyperliquid and Binance have already launched perpetual contracts and tokenized stock products tied to SpaceX, indicating that IPO hype may also fuel on-chain transaction growth. (The Block)

CFTC Launches Public Consultation on Structured Framework for Predictive Market Contracts

CFTC Chair Mike Selig announced a public comment period aimed at establishing a structured framework to assess the types of events supported by predictive market trading contracts, in order to provide long-term regulatory clarity. He emphasized this would not be the final rulemaking on predictive markets, and the agency will continue balancing market integrity with innovation support.

Old Liquidity Pool on Raydium Suspected of Being Hacked, $1.34 Million in Assets Stolen

Chain security analyst Specter disclosed that an old liquidity pool on the Solana DeFi protocol Raydium was compromised, resulting in theft of approximately $1.34 million in assets—including USDC, RAY, and wSOL. The hacker has bridged the funds to Ethereum and deposited them into Tornado Cash for mixing.

CryptoQuant: Bitcoin Bottom Likely Near $53,600, Demand Still Significantly Weak

CryptoQuant suggests Bitcoin may form a bottom near $53,600 (current realized price), consistent with historical bear market bottoms. However, the report stresses current demand conditions are "extremely unfavorable," and a true bull market recovery will require clear signs of improved demand—something not yet visible in on-chain data. (The Block)

Project News

Mastercard Launches AI Payment Protocol "Agent Pay for AI," Enabling Direct AI-to-AI Payments

Mastercard unveiled the AI payment protocol Agent Pay for AI, enabling AI agents to make small-value payments directly to one another—for example, paying on-demand access to data. It leverages blockchain to record human-granted permissions to AI agents. Initially, permission data will be stored on Polygon, an Ethereum-based network. Adyen, Coinbase, and Cloudflare are involved in development. The company anticipates the protocol will become a new scalable market within five years. (Fortune)

Solana Infrastructure Firm Helius Acquires Light Protocol, Advancing On-Chain Privacy Infrastructure

Helius announced the acquisition of Light Protocol, which will refocus on developing privacy solutions for Solana. By combining its ZK cryptography capabilities with Helius’ infrastructure strengths, the team aims to build ZK-powered privacy protocols tailored for confidential payments and private DeFi. Helius plans to open access to the relevant infrastructure for developers in the coming months. (The Block)

TradeXYZ Confirms SPCX Will Not Rebase: Initial Share Count Was Just an Example, Now Removed from Documentation

TradeXYZ clarified in a post regarding the SPCX pre-market contract that the product is a price-based perpetual contract tracking single-stock prices. The number of shares and company market cap are not pricing inputs. The previously listed share count was merely a pedagogical example and has since been removed. Once SpaceX completes its IPO and sufficient external price data becomes available, SPCX will switch to standard external oracle pricing.

Funding & Investment

Tether Leads $1.4 Billion C-Round Funding for NEURA Robotics to Build "Machine Economy" and Autonomous AI Infrastructure

Tether Investments, a subsidiary of Tether, announced leading the C-round funding for humanoid robotics firm NEURA Robotics, with a maximum raise of $1.4 billion, setting a new record for private fundraising in robotics and physical AI. Tether CEO Paolo Ardoino stated that WDK and QVAC will empower machines with dual financial and intelligent capabilities, enabling autonomous task execution and transaction completion.

AI Infrastructure Startup TensorWave Completes $350 Million Series B, Valuation Hits $1.55 Billion

AI infrastructure startup TensorWave completed a $350 million Series B round, achieving a post-money valuation of $1.55 billion, to expand its global AI infrastructure powered by AMD. (Zhitong Finance)

Voices

Trump: U.S. Will Resume "Fierce Strikes" on Iran; What Iran Needs Is to Begin Signing Agreements

In a White House press briefing, Trump stated that if a peaceful agreement cannot be reached, the U.S. will take "very tough" actions against Iran, saying, "We will attack them, fierce strikes, and resume bombing." He also expressed hope for a meaningful agreement, emphasizing Iran only needs to sign documents. (Jinshi)

Insight: Participating in SpaceX IPO Feels Like Gambling, Similar to Early Crypto Investments

Christophe Boucher, Chief Investment Officer at ABN Amro Investment Solutions, a division of Dutch Bank ABN Amro, said participating in the SpaceX IPO resembles buying crypto around 15 years ago—either losing all principal or achieving exponential returns—and advised investors to carefully weigh risk-reward profiles. (Citywire)

Bloomberg Analyst: LeverageShares to Launch 3x Leveraged SpaceX ETF This Week

Bloomberg senior ETF analyst Eric Balchunas stated that LeverageShares will launch a 3x leveraged SpaceX ETF this Friday, with USD share ticker ELON, GBP share ticker MUSK, and also introduce a 3x leveraged SK Hynix ETF and a 3x leveraged DRAM ETF. (Bloomberg)