SpaceX lists tomorrow at $135/share 🚀 a $1.75T IPO.
Crypto spent the last 12 months building three ways to trade it before it lists: spot tokens, perps, and prediction markets.
We tracked all of them. New CoinMarketCap Research report 🧵
LATEST: ⚡ LG Electronics has built an Arbitrum-based blockchain network for digital ads, creating a shared record of ad inventory and consumer interactions, according to Fortune.
LATEST: 🚨 Immunefi CEO Mitchell Amador says frontier AI models have triggered a "vulnerability apocalypse" in crypto security, giving attackers a major edge that could take 3-4 years to reverse.
LATEST: 📊 Sygnum CIO Fabian Dori says exchange flows, stablecoin supply, and derivatives data don't support the theory that Bitcoin ETF outflows are being driven by investor rotation into the SpaceX IPO.
LATEST: ⚡️ Franklin Templeton and BNP Paribas executives say tokenization could significantly boost capital efficiency across EU markets by improving liquidity and streamlining how assets are issued and traded.
LATEST: 📊 Arthur Hayes says he now mostly holds Bitcoin, T-bills, and energy stocks after dumping HYPE, Zcash, NEAR, and Worldcoin ahead of a potential AI bubble pop.
Key Takeaways:
> BTC +1.77%, ETH +0.03%: crypto stabilizes after last week's bloodbath, mcap recovers to $2.16T
> Pre-IPO trading emerges as the new hot narrative with Bybit, TradeXYZ, and Backpack all racing in
> SpaceX shares go on-chain via Solana right after IPO, a milestone
DeFi Brief:
> Jupiter introduces Jupiter Forecast, Solana's first native prediction markets, with users trading against competing market makers instead of a single liquidity pool.
> Pyth introduces Pyth Indices, a proprietary 24/7 oracle for U.S. equities, oil, metals, and
Major Project Updates:
> Pump.fun introduces Pump fun GO, a bounty-based system letting anyone pay anyone to do anything, anywhere.
> Humanity Protocol team wallets allegedly compromised; token crashed 90%+ before a partial recovery.
> Rarichain announces sunset, with all assets
Narrative of the Week: Pre-IPO Trading Takes Centre Stage
> Bybit launches IPO Express, powered by xStocks and Kraken, kicking off with the upcoming SpaceX IPO.
> TradeXYZ's SPCX contracts are purely price-based with no share count, causing discrepancies across pre-IPO venues.
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