Markets

The first US spot Litecoin ETF has been trading for nearly eight months, but Canary Capital's LTCC has drawn under $10 million as LTC sits 89% below its all-time high, testing the thesis that altcoin ETF approval automatically translates into institutional inflows.

Bitcoin climbed past $67,000, its highest level in roughly two weeks, after President Trump declared the US-Iran deal "complete" and authorized reopening the Strait of Hormuz. Oil fell about 4% and around $150 million in crypto short positions were liquidated.

SpaceX opened for trading on Nasdaq Friday under SPCX, completing what Nasdaq and Morgan Stanley confirmed as the largest IPO in history at $75 billion pre-greenshoe.

SpaceX begins trading on Nasdaq at 9:30 AM ET Friday under SPCX. The same morning, Ondo's SPCXon, Kraken's xStocks SPCXx, a Backpack Securities-issued SPCX token on Solana, and Hyperliquid's pre-IPO perpetual all settle into a single live tokenized-equity stack.

BitMine Immersion Technologies acquired 126,971 ETH for approximately $207 million last week at an average of $1,630 per token, its largest weekly purchase of 2026, lifting its total treasury to 5.54 million ETH, equal to 4.59% of Ethereum's circulating supply.

CME Group CEO Terry Duffy warned that newly approved US-regulated perpetual futures are "a disaster waiting to happen," citing excessive leverage and retail risk — a pointed critique from the incumbent US institutional crypto derivatives exchange.

US spot Bitcoin ETFs posted a 13th consecutive day of net outflows on Wednesday, extending the longest withdrawal streak in the products' history to $4.4 billion cumulative since May 15.

US spot Bitcoin ETFs pulled in another $519 million of net redemptions on June 2, extending the longest outflow run since the funds launched and tipping a leveraged market into $1.86 billion of forced selling.

A multi-million-dollar Polymarket contract on whether Strategy sold any bitcoin by May 31 has been disputed twice and is now in front of UMA tokenholders, reigniting an analyst argument that prediction-market oracles built on token voting are structurally unfit for high-stakes settlement.

A Monday 8-K filing shows Strategy disposed of 32 BTC between May 26 and May 31 at an average $77,135 a coin, with proceeds earmarked for distributions on its STRC preferred stock — the first disclosed sale since the December 2022 tax-loss harvest.