Bybit removes SpaceX On-Chain IPO Subscription Cap, Opening Participation to All Users

June 8th — According to Hyperinsight’s monitoring (via https://t.me/HyperInsight), a whale trader on Hyperliquid opened a long position on SKHYNIX with 2x leverage at 7:50 AM today, shortly after news emerged of an upcoming long-term partnership between NVIDIA and SK Hynix. At the time, the market had not yet fully priced in that positive development, so SKHYNIX was hovering around the $1,200 mark. As the partnership’s bullish momentum continued to build, the whale steadily added to their position as SKHYNIX rallied, eventually growing their total position size to $3.8 million with an average entry price of $1,239. SKHYNIX subsequently spiked to a high of $1,300. As of press time, the address’s unrealized gains stand at $140,000. Trader Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b

On June 8, monitoring from Onchain Lens shows BlackRock has deposited 3,300 BTC (valued at roughly $209.22 million) and 15,095 ETH (worth approximately $25.17 million) into Coinbase. Additional asset deposits from BlackRock may occur in the future.

On June 8, leading crypto exchange Bitget launched its Zero-Fee Mode for CFD trading, per an official announcement. This new mode lets users trade CFD products with zero trading commissions, while pricing is based on standard spreads. Traders can switch freely between ECN Mode and Zero-Fee Mode based on their individual preferences. ECN Mode uses a low-spread-plus-commission structure, ideal for short-term, high-frequency traders. Meanwhile, the Zero-Fee Mode features zero commissions paired with standard spreads, making it a better fit for medium-to-long term holding strategies and low-frequency trading.

On June 8, stablecoin issuer Circle continues to draw market attention following its public listing, while global regulatory frameworks for stablecoins are taking shape gradually—this has reignited the stablecoin race. Recent shifts have also shined a fresh spotlight on stablecoins’ compliance and infrastructural capabilities, pushing these digital assets to evolve beyond a mere cryptocurrency trading tool into a wider range of financial applications. Against this backdrop, stablecoins’ utility is expanding rapidly. No longer limited to settling crypto asset transactions, they are increasingly being used for cross-border payments, consumer settlements, and global asset allocation—further cementing the "on-chain dollar" concept. Mainstream stablecoins like USDT, once closely tied to digital asset trading, are now being leveraged by some users to participate in U.S. and Hong Kong stock market activities as well. BiyaPay currently allows users to directly trade U.S. and Hong Kong stocks

June 8 marked a pivotal day for global markets, as three interconnected risks—geopolitical tension, inflationary pressure, and tightening funding conditions—came to a head. Iran’s missile retaliation against Israeli military actions prompted direct intervention from former President Trump, who’s pushing to restart U.S.-Iran diplomatic talks. Yet Israel’s pledge to target Iran’s energy infrastructure means energy supply risks remain unresolved. Meanwhile, May’s blockbuster U.S. non-farm payrolls data blew past all forecasts, derailing market bets on 2024 interest rate cuts and sharply lifting the odds of a late-year rate hike—sparking a rush to reprice the Fed’s emerging “higher for longer” policy narrative. From policy and fund flow perspectives, the bigger backdrop isn’t rising recession fears—it’s the market finally grasping the Federal Reserve’s precarious tightrope walk. Solid job gains signal ongoing demand strength, but Middle East-related energy price spikes could feed int

June 8 — U.S. spot Bitcoin ETFs logged a $1.72 billion net outflow last week, marking their largest single-week exodus since February 2025. BlackRock’s IBIT, the world’s largest Bitcoin ETF by assets, reported a $1.34 billion outflow in the same period — its biggest weekly drop since launching back in January 2024. The sector has endured consistent net outflows since May, with total outflows hitting $2.43 billion for the month. Andri Fauzan Adziima, research director at Bitrue Institute, attributes last week’s outflows to macroeconomic news, most notably the strong May 2026 U.S. non-farm payrolls report. The labor market’s resilience reduced the probability of near-term Federal Reserve interest rate cuts, driving up U.S. Treasury yields. For investors, yield-bearing bonds have thus become far more appealing than non-yielding Bitcoin. Compounding that, recent geopolitical tensions have stoked broad risk aversion, dragging down not just digital assets but also AI stocks, tech equities,