Author: James Wilson
Blockworks has acquired Messari after securing a $192 million valuation earlier this year, deepening its push into crypto data infrastructure as competition intensifies to build the industry’s information layer. Summary Blockworks has acquired Messari following its recent $192 million valuation. The deal combines crypto asset disclosures, market data, research, and API services under one platform. Blockworks says AI and institutional adoption are increasing demand for crypto information infrastructure. According to an announcement from Blockworks, the deal combines two of the largest crypto information businesses and represents the company’s first major acquisition since completing a Series A extension financing round that…
Binance has canceled its SpaceX IPO campaign and announced full refunds after allocation issues disrupted one of the most anticipated tokenized stock offerings tied to the record-breaking public debut. Summary Binance canceled its SpaceX IPO campaign and refunded all participating users after allocation issues disrupted the offering. Bybit also returned 100% of subscription funds, citing xStocks’ failure to deliver the underlying assets. Despite the allocation problems, SpaceX shares surged as much as 20% after debuting on Nasdaq, pushing its valuation above $2 trillion. According to a June 12 announcement, Binance has canceled its SpaceX IPO subscription campaign due to circumstances…
Pi Network price has recovered from its recent record low, but a developing bearish continuation pattern and another wave of token unlocks have kept the risk of a fresh all-time low firmly in focus. Summary Pi Network faces fresh downside risk as a descending triangle forms near key support at $0.124. More than 144 million PI tokens are scheduled to unlock over the next 30 days, keeping supply pressure elevated. Bulls must reclaim $0.130 and break above $0.145 to reduce the risk of a new all-time low. According to crypto.news data, Pi Network (PI) traded near $0.128 on June 12…
SpaceX shares have drawn a fair value estimate of $63 from Morningstar even as bullish forecasts have pushed price targets as high as $190 following the company’s public market debut. Summary Morningstar estimates SpaceX is worth $63 per share, far below its $135 IPO pricing. Despite valuation concerns, some analysts believe strong demand could push the stock toward $190. SpaceX speculation has boosted activity across crypto markets, including SPCX tokens, Velvet, and Hyperliquid. According to a Wall Street Journal report, analysts at Morningstar believe SpaceX stock is trading well above its underlying value despite the intense demand surrounding the offering.…
Ethena Labs has planned a $250 million allocation to Securitize’s tokenized AAA-rated CLO fund as the product expands to Solana. Summary Securitize has expanded its tokenized AAA rated CLO fund to Solana, with Ethena Labs planning a $250 million allocation. The fund invests in U.S. dollar denominated AAA rated CLO tranches and is supported by BNY as custodian and sub adviser. According to a June 12 press release, the Securitize Tokenized AAA CLO Fund (STAC) is now available on Solana, extending access to a fund focused on U.S. dollar-denominated AAA-rated collateralized loan obligation tranches sourced from both primary and secondary…
Velvet price has surged more than 1,400% over the past week as traders pile into the token ahead of SpaceX’s highly anticipated public debut, pushing the project into one of the strongest rallies in the crypto market. Summary VELVET became one of the week’s top-performing cryptocurrencies after launching pre-IPO trading exposure to SpaceX and other private tech firms. Demand accelerated after Velvet integrated with Trade.xyz and launched synthetic markets for SpaceX, OpenAI, and Anthropic. Technical indicators show VELVET trading in an overshoot zone, with $1.95 and the psychological $2 level emerging as the next key targets. According to data from…
Thirteen months ago, Pi Network announced a Silicon Valley-style venture fund to seed its ecosystem. Summary Pi Network Ventures was announced as a $100 million ecosystem fund, but only one investment has been publicly disclosed. The fund’s PI-token component makes its real dollar value unclear after PI’s sharp decline since the announcement. OpenMind is a credible robotics and AI infrastructure bet, but it does not solve Pi’s near-term token demand or unlock pressure. The biggest issue is disclosure: portfolio, check sizes, denomination, custody, criteria, and governance remain unclear. One disclosed investment later, the questions have compounded faster than the portfolio.…
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company. The Digital Asset Market Clarity Act (CLARITY Act), establishing a permanent statutory boundary between federal agencies in regulating digital assets, was formally placed on the U.S. Senate Legislative Calendar. However, its immediate passage faces strong resistance as the bill recently stumbled over crucial hurdles regarding ethics disputes and law enforcement concerns. Prediction market odds on Polymarket for the bill passing have plummeted to 47-48% (down from over 74%), with a few…
Bitcoin and Ether options worth about $2.5 billion expire on June 12, putting the $60,000 to $62,000 Bitcoin range back in focus. Summary Bitcoin options worth $2.23 billion expire today as BTC trades close to $63,000 support levels. GreeksLive data showed downside dealer exposure concentrated around Bitcoin’s key $60,000 to $62,000 range. Ether options worth about $293 million also expire, with ETH still flat near $1,650. Around 35,000 Bitcoin options contracts expire today, with a notional value near $2.23 billion. The event is slightly larger than last week’s expiry, but still smaller than major monthly or quarterly expiries. The current…
Plasma’s native token XPL rose by double digits on June 12 as traders moved ahead of next week’s Plasma One card tier launch. Summary XPL rose about 30% as traders positioned before next week’s Plasma One card tier launch. CoinGlass data showed XPL volume jumped 232%, while open interest rose 51.81% during the rally. The card tiers may drive XPL demand because better rewards require users to hold or lock tokens. Plasma price rises before card launch According to crypto.news market data, Plasma traded near $0.0826 on June 12, up about 30% over 24 hours. The move came with a…