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SpaceX IPO Values Company at $2.1T After June 12 Debut; Musk Net Worth Tops $1.1T
SpaceX priced 555.56 million shares at $135 on June 11 and raised $75 billion in what it described as the largest IPO on record. Shares began trading on Nasdaq as SPCX at $150 on June 12, lifting the company’s valuation to about $2.1T and pushing Elon Musk’s estimated net worth to roughly $1.1 trillion. The stock later reached $176.45 intraday as volume climbed to about 475.8 million shares.
SPX
SPX-1.44%
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CryptoRank: Solana Leads 12-Month Public Raises at $884M as Late-Stage Funding Shifts
CryptoRank datasets published on June 12 indicate crypto fundraising is moving toward fewer, larger late-stage checks and weaker token reactions. Over the last 12 months, Solana-led public fundraising totaled $884M versus Ethereum's $529M, while Series B+ and Strategic funding reached $6.47B in 2026 YTD across 139 rounds. CryptoRank also tracked five live-token projects raising in the past two weeks, with four of five tokens trading below their round-date prices.
BTC
BTC+0.06%
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Sky governance proposal would lift USDC PSM buffer to $800 million
A Sky governance proposal posted on June 11 seeks to raise the LITE-PSM-USDC-A pre-minted DAI buffer and DC-IAM gap from 400 million to 800 million. The plan cites USDC reserves of 4.13 billion, up 108% since the October 7, 2024 recalibration, and would increase daily refresh capacity to 1.6 billion and serving capacity to 2.4 billion. The Core Facilitator team has cleared the change for an Executive Vote on June 12, but it still requires formal approval to take effect.
USDC
USDC-0.04%
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Humanity Protocol links June 8 $H exploit to phishing, calls BNB Chain deployment permanently compromised
Humanity Protocol said a targeted phishing incident led to stolen director keys that were used in the June 8 $H token exploit, with the BNB Chain deployment now considered permanently compromised. The attacker allegedly upgraded contracts, moved about 141.18 million $H on Ethereum, minted additional tokens on BNB Smart Chain, and sold them via Uniswap and PancakeSwap over roughly eight hours. The project said the Ethereum contract was frozen using a clean multisig, while the canonical Humanity Mainnet bridge was not impacted.
H
H+35.51%
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Zcash (ZEC) Rallies 45% From $299 Low as Social Mentions Fade, Santiment Shows
Zcash's ZEC rebounded about 45% from its roughly $299 low on June 5, even as social chatter fell back toward baseline by June 10–12. Santiment data for June 2–12 shows social volume spiking to 434 mentions per 6-hour window near the selloff low, then dropping as price pushed up through $350, $400 and toward $437. A CoinGecko snapshot taken around 17:54 UTC on June 12, 2026 put ZEC at $417.90, up 17.8% over seven days.
BTC
BTC+0.06%
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