Strategy disclosed selling 32 BTC from May 26 to May 31 for about $2.5 million at an average $77,135 to help fund preferred stock cash distributions due June 30. It then bought 1,550 BTC from June 1 to June 7 for $101.3 million at an average $65,332, lifting reported holdings to 845,256 BTC.

On June 13 UTC+8, 24hour trading volume reached 3.379 billion, led by stocks at 40.54% and indices at 34.53%. All tracked assets posted positive funding rates, with CL crude oil highest at 0.7% for 8 hours, signaling higher long costs. Top assets by activity were SPCX, XYZ100, CL, SP500, and BRENTOIL.

White House Executive Director Patrick Witt said he is optimistic the Clarity Act can be passed by July 4. Witt added that significant work is underway "behind the scenes."

SpaceX began trading Friday on the Nasdaq under the ticker SPCX, surging out of the gate and lifting its market value above $2 trillion in what was described as the largest IPO on record. The rocket and satellite internet company behind Falcon, Starship and Starlink priced its IPO at $135 a share on Thursday. Trading opened near $150, then extended gains through the session. SPCX touched about $176 at the intraday peak before ending around $161, up roughly 19% on the day. Trading volume exceeded 480 million shares across global venues. At the high, SpaceX's market capitalization briefly surpassed $2.3 trillion. By the close, it ranked as the sixth-largest public company globally, according to the report. The offering raised $75 billion, eclipsing Saudi Aramco's 2019 record. The deal used a fixed-price structure, departing from the traditional bookbuilding process typically used for mega-cap listings. Retail investors were allocated an unusually large portion of the deal—about 20%—helping fuel heavy demand and standout volumes. Elon Musk rang the opening bell remotely, while President Gwynne Shotwell marked the listing at Nasdaq's Times Square venue. The debut further amplifies Musk's reach across markets. The report said his combined stakes in SpaceX, Tesla and xAI have pushed his net worth beyond $1 trillion, following a February 2026 SpaceX–xAI merger that paired launch capabilities with AI infrastructure ambitions. Supporters point to operating scale: SpaceX has delivered more than four-fifths of global orbital mass launched in recent years, powered by reusable Falcon rockets, a fast-iterating Starship program and the expanding Starlink constellation. Starlink has grown to millions of subscribers and is projected to generate tens of billions of dollars in annual revenue, adding high-margin recurring cash flow. Management has cited a $28.5 trillion total addressable market spanning launches, global connectivity and orbital data centers. Skeptics focus on valuation. SpaceX reported about $18.7 billion in 2025 revenue and a net loss of nearly $5 billion, reflecting heavy R&D investment in Starship and AI. That leaves the price-to-sales multiple above 100x, and analysts at Morningstar and CFRA have cautioned that the pricing looks stretched versus fundamentals. Bulls argue the market is again rewarding long-duration growth, drawing Amazon-style comparisons that emphasize optionality over near-term profitability. The next catalyst could arrive quickly. SpaceX is expected to enter the Nasdaq-100 under accelerated rules, which could trigger automatic purchases by index funds and ETFs. The report also noted that competing space and satellite stocks sold off sharply on rotation concerns.

Paxos has transferred 99,999,999 PYUSD, valued at $100,007,365, to Ethena.

Standard Chartered Bank senior market analyst Geoffrey Kendrick said the current Bitcoin drawdown may have already bottomed, with the low likely forming around the $59,000 area as key headwinds that previously weighed on the market begin to fade. CoinDesk data show Bitcoin slid to $59,375 on June 5 before rebounding to around $64,000. Kendrick described the zone as the cycle's "low of certainty," marking roughly a 53% decline from the $126,000 peak recorded on Oct. 6, 2025. Kendrick views recent selling tied to U.S. spot Bitcoin ETFs as temporary. He said cumulative net redemptions have exceeded $5.72 billion since the second week of May, one of the most concentrated outflow stretches since the products launched. In his view, the pressure is not solely a reassessment of Bitcoin's fundamentals and is also linked to short-term capital rotating into other high-demand assets. He added that some ETF holders sold Bitcoin to raise cash to participate in SpaceX's IPO, and that financing-driven selling could ease as the listing process progresses. He highlighted SpaceX's IPO and developments in the Middle East as key catalysts to watch. Kendrick said rising expectations for a U.S.-Iran peace agreement could keep oil prices capped and improve broader risk sentiment. The report noted that after U.S. President Trump referenced the possibility of an agreement with Iran, Brent crude fell to about $87 a barrel and WTI to around $85. Looking ahead, Kendrick pointed to three signals: whether U.S. spot Bitcoin ETFs can flip back to net inflows in a single day, whether international oil prices continue to fall, and whether corporate treasury buying resumes. He said a restart in corporate purchases, a return to positive ETF flows, and an end to oil's upward momentum would make it easier to confirm a near-term bottom for Bitcoin. Kendrick also reiterated his view that Ethereum could outperform Bitcoin this year. He currently targets $100,000 for Bitcoin and $4,000 for Ethereum by year-end, citing capital flows, corporate buying, and shifts in the macro backdrop as the main drivers.

Retail investors have spent most of the past five years acting as the market's most consistent source of buying, staying active through meme-stock volatility, Federal Reserve rate hikes, banking stress and other shocks. That pattern has now shifted in a way that's drawing Wall Street's attention: individuals have recorded three consecutive days of net selling in U.S. equities, a run last seen in 2020. Citadel Securities' Scott Rubner noted that retail net-selling days have occurred only 18 times since January 2020, making a three-day stretch statistically rare. Vanda Research, which monitors retail order flow, has previously highlighted isolated net-selling sessions, including Nov. 23, 2023, when retail investors posted $20.6 million in net selling. This time, the market is facing three straight days of outflows. The timing stands out. The shift is not occurring amid a market crash or liquidity crunch. The S&P 500 has been on an extended winning streak, and broader equity conditions have remained generally firm. The backdrop traces back to 2020, when pandemic-era stimulus, more time at home and widespread access to commission-free trading platforms such as Robinhood helped fuel a new wave of individual participation. Earlier in 2026, retail investors briefly turned into net sellers for the first time since late November 2025 during another S&P 500 winning streak, an early warning sign. The current three-day run looks less like a one-off and more like an emerging pattern. One notable detail: the selling appears concentrated in traditional equities. Retail behavior in cryptocurrencies has not shown a similar shift, and no specific crypto reporting has mirrored the retail-selling narrative seen in stocks, including coverage from outlets such as CoinDesk or The Block. With net-selling days so uncommon over the past five years, Rubner's data suggests markets may be entering less familiar territory. For three sessions in a row, the market's most dependable bid has gone quiet.

Venture capitalist Tim Draper weighed in on Elon Musk's place in crypto history Friday, saying he's a fan of Musk—but not quite on the level of Bitcoin creator Satoshi Nakamoto. The remarks landed shortly after SpaceX began trading on Nasdaq and disclosed a sizable Bitcoin position. SpaceX debuted in what it described as the largest IPO on record, raising $75 billion. Shares were priced at $135, with about 555.6 million shares sold, implying a valuation of roughly $1.77 trillion. The offering topped Saudi Aramco's $29.4 billion 2019 record, and the newly listed stock, ticker SPCX, gained more than 25% in its first session. The company's S-1 filing also revealed it holds 18,712 BTC, well above the 8,285 BTC some trackers had estimated ahead of the disclosure. SpaceX reported paying about $661 million in total, or roughly $35,320 per coin on average. With Bitcoin trading near $63,600, the stake is valued at about $1.19 billion. BitcoinTreasuries ranks SpaceX as the eighth-largest public corporate Bitcoin holder. Tesla, another Musk-led company, held 11,509 BTC through the first quarter, bringing Musk's combined corporate total to 30,221 BTC. Only four public companies report larger BTC positions. Draper has long-standing ties to both firms and to Bitcoin. His funds backed Tesla and SpaceX in early venture rounds, and he purchased nearly 30,000 BTC in the 2014 U.S. Marshals Silk Road auction. Draper has also maintained a $250,000 Bitcoin price target. “I love Elon Musk.. Almost as much as I love Satoshi Nakamoto,” Draper, founder of Draper Associates, wrote on X. Separately, trader and podcast host Scott Melker said the IPO proceeds could create an opportunity for SpaceX to increase its Bitcoin holdings. “This would be a great time for SpaceX to buy more Bitcoin,” he posted. The filing describes Bitcoin as a strategic reserve for excess cash and puts the position at about 1.8% of total assets. SpaceX's past actions point to a more cautious approach. The company previously wrote down its Bitcoin holdings and sold part of its position during the 2022 market downturn. Demands for capital—including Starlink expansion, Starship development, and ongoing operating losses—may also compete for the new funds. Under SpaceX's dual-class structure, Musk controls 82.4% of voting power, according to the prospectus, leaving the decision largely in his hands. Musk has shifted course on Bitcoin before: Tesla adopted Bitcoin payments in 2021, paused them weeks later over energy concerns, and later sold most of its holdings. Whether SpaceX deploys any of its IPO cash into additional Bitcoin purchases may become clearer in its first quarterly report as a public company. For now, the disclosure alone has put BTC on the radar of millions of new shareholders.

A new privacy feature in Bitcoin Core 31.0 designed to prevent recipients from learning a sender's IP address can, under certain conditions, do the opposite. The issue centers on "privatebroadcast", which relies on an encrypted handshake. If that handshake fails, the node may retry by switching to a direct connection, bypassing Tor and potentially revealing the sender's IP. The failure is not purely accidental: a malicious peer can intentionally terminate the encrypted handshake to force the retry and trigger the leak. Bitcoin Core developers said the impact is limited in scope and does not affect wallet commands. A patch is expected in version 31.1. The advisory was posted quietly last week and was later amplified by @bitcoincoreorg on X last night.