Binance Wallet Launches SPCX x IPO Event, Opens SpaceX Tokenized Stock Purchase
June 11 – Binance Wallet announced today it will launch the SPCX x IPO Campaign, opening a subscription channel for tokenized SpaceX securities to eligible users. Participants can take part in potential IPO price discovery through the xStocks mechanism.
Key details of the offering: The minimum subscription amount is 100 USDC, with a reference price of roughly 135 USDC — which corresponds to a valuation of approximately $1.75 trillion. The subscription window runs from June 11 to June 12, 2026. Users must lock up USDC to participate; final allocations will be determined by the issuer and underwriter based on demand, and any unallocated funds will be fully refunded.
The announcement clarified that SPCXx is a tokenized asset issued by Backed via xStocks. It only provides price tracking exposure, not direct ownership of SpaceX stock. Additionally, SPCXx does not come with dividends, voting rights, or any other shareholder privileges.
This offering uses Binance Wallet’s Alpha Points tier
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ECB Considers Rate Hike to Address Energy Shock Inflation, Potentially Marking First Tightening Since 2023
June 11 – The European Central Bank (ECB) is widely projected to announce an interest rate hike this Thursday, its first such increase since 2023, as policymakers aim to counter the energy price surge sparked by tensions in the Middle East.
Market participants are largely pricing in a 25-basis-point lift to the ECB’s deposit rate, pushing it from 2.00% to 2.25%. The move is designed to tamp down inflation tied to tight energy supplies amid escalating tensions in the Strait of Hormuz.
Official data puts the Eurozone’s May inflation rate at 3.2% – a full percentage point above the ECB’s 2% target – with rising energy prices cited as the main driver of the uptick.
The policy adjustment unfolds against a weakening Eurozone growth backdrop, as the region’s economy shrank in the first quarter. Several economists have warned the rate hike could further weigh on growth and erode consumer confidence.
Analysts note that the Federal Reserve and Bank of England have not aligned their policy ti
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Trump's Shift in Attitude Towards "Embracing Inflation" May Provide Policy Space for Incoming Fed Chair Powell
June 11 – Per CNBC, U.S. President Donald Trump has made a notable shift in his stance on inflation and interest rates. Following a 4.2% year-over-year rise in May’s Consumer Price Index (CPI), Trump publicly said, “I like inflation,” and called the data “great” — a sharp contrast to his repeated past criticism of former Federal Reserve Chair Jerome Powell.
Market analysts believe this attitude shift could create a more politically supportive environment for new Fed Chair Kevin Wash as he sets monetary policy, reducing the political pressure he faces to cut interest rates immediately.
CNBC’s report notes that current market expectations are for the Federal Reserve to hold the federal funds rate steady in the 3.5% to 3.75% range at its upcoming June 17 policy meeting.
Since taking office, Wash has repeatedly emphasized focusing on the “potential inflation rate” rather than short-term price swings, and has taken a cautious approach until inflation shows clear signs of cooling. T
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Whale Continues to Increase Bitcoin Holdings, Withdraws Over 3000 BTC in the Past 5 Days from CEX and Custodian
June 11 — On-chain analytics firm LookIntoBitcoin reports that multiple large entities have been accumulating Bitcoin recently, with funds flowing out from cryptocurrency exchanges and custody services.
In a recent development, a whale wallet address marked bc1q2q has moved 2,341 BTC out of OKX over the past five days, amounting to roughly $144.68 million. Additionally, three newly created wallet addresses have collectively withdrawn 737.7 BTC from BitGo, totaling around $45.6 million.
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A-share Semiconductor Sector Sees Morning Surge, Jusheng Intelligent Technology Hits 20% Daily Limit
On June 11, China's A-share semiconductor sector rallied in morning trading. Jilin Microelectronics Technology Co., Ltd. hit its 20% daily limit, Jiangfeng Electronics rose over 12%, while shares of JHCT, FCCC, Zmmicro, Allwinner Technology, and VeriSilicon also climbed.
Separately, the Ministry of Industry and Information Technology (MIIT) recently released the *Implementation Plan for the Innovative Development of "Artificial Intelligence + Information Communication" (2026-2028)*, proposing to strengthen R&D of high-end optoelectronic chips and devices and carry out trials on optoelectronic hybrid networking technology. The news is from Oriental Fortune Network.
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Spot Gold Sees Intraday Gain Expand to 1.00%, Now Trading at $4,113.41 per Ounce
June 11: Bitget market data shows spot gold’s intraday gain has lifted to 1.00%, now trading at $4,113.41 per ounce, bouncing back around $85 from its session low.
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