SpaceX’s initial public offering has attracted nearly $250 billion in orders against a target fundraising amount of $75 billion — meaning demand exceeds supply by almost four times. If the deal closes on these terms, it will become the largest IPO in history. The company is valued at $1.8 trillion.
Japan’s three largest banking groups, among the country’s leading financial institutions, are working on a joint stablecoin project to develop blockchain-based payment systems. According to Reuters, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group plan to issue a joint stablecoin by March 2027.
Bitcoin is trading at $61,433 on 10 June, holding above the support zone that was briefly broken on 5 and 6 June, when Fidelity Digital Assets noted that the price fell below the 200-week SMA near $61,800 — a level historically associated with forced-selling events.
Bitcoin declined on Wednesday, following a broad sell-off across risk assets, as renewed military action between the United States and Iran undermined hopes for a peaceful settlement in the Middle East.
The total dollar value of net assets across the 11 spot ETFs stood at $77.58 billion on June 9. That is the same level seen just after President Donald Trump won the presidential election in early November 2024.
$XRP keeps finding buyers near major support, but it keeps losing support anyway. The latest drop pushed the token back toward the same $1.10 area that several analysts had flagged as a key line in the sand, with selling pressure accelerating once $1.13 gave way.
$BTC changed hands at $61,233 on Wednesday, down 3% over 24 hours and 6.9% on the week, while gold fell 2% to below $4,200 an ounce. The market is betting on higher interest rates and is punishing assets like Bitcoin and crypto that do not pay one.
Bitcoin is approaching a decisive technical zone after its four-hour chart showed a rebound from below $60,000 that stalled near $63,217. The recovery brought the token’s price back to immediate resistance at $63,846, while the stronger confirmation zone lies between $64,000 and $66,000.
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