Ondo Hires Former Invesco ETF Head to Lead Its Tokenized Investment Product Business

On June 11, NEAR Protocol officially launched its Near@3.33 Incentive Milestone Plan, targeting users who use the protocol’s cross-chain private transaction execution tool, Confidential Intents, via their website. To date, no tokens have been added to users’ accounts under this initiative. Once Confidential Intents’ total value locked (TVL) hits $70 million, the system will take a snapshot and distribute milestone tokens to eligible accounts. Past user activity counts toward their allocation quota and will stay updated until the snapshot condition is fulfilled—meaning new users who join now and ramp up their activity can still secure a larger allocation share. Drop 1 of the plan will roll out 333,333 milestone tokens. These tokens are locked rewards and are initially non-transferable and non-sellable. Once NEAR’s volume-weighted average price (VWAP) holds steady at $3.33 or higher for three consecutive days, the milestone tokens will convert to NEAR at a 1:1 ratio. Key eligibility ru

Glassnode stated in a post on June 11 that the 30-day moving average of U.S. spot Bitcoin ETF trading volume has plunged 78% from $4.4 billion daily in October 2025 to $0.96 billion currently. Combined with the prior 49% drop in trading volume at DAT Company, two key Bitcoin exposure channels in traditional financial markets are now flashing the same signal: speculative demand for BTC in traditional markets has weakened significantly.

SpaceX is set to go public on June 11, with a marked valuation gap versus its peers in the space and AI sectors. While SpaceX looks undervalued relative to other space industry players, its valuation comes in higher when compared to AI and cloud computing companies. At a projected valuation of nearly $1.75 trillion, SpaceX’s price-to-sales ratio is roughly 52 times—far above the average for large tech firms, but below some of its space sector counterparts. Valuation approaches vary drastically across SpaceX’s Starlink, core space operations, and AI units, and investors remain divided over how to categorize the firm for valuation purposes: as an infrastructure company, a telecom operator, or an AI-driven technology business.

June 11: The head of Iran’s Parliament’s National Security Committee responded to U.S. President Trump’s threat against Iran, stating that Trump will face a stronger, more painful counterstrike. [Forex]

June 11 – Per an official announcement, Binance has fully launched its bStocks platform, enabling users to trade and redeem tokenized securities. Each bStock is pegged 1:1 to U.S. stocks held by a regulated custodian. Issued by BTECH Holdings Limited, an affiliate of the Binance group, bStocks are classified as tokens representing specific financial instruments. Holders hold an interest in the underlying securities but do not gain direct ownership of the related listed company’s shares. Binance states bStocks trade 24/7 on its spot market, free from the limitations of traditional stock trading hours. Users can redeem stocks for bStocks instantly at a 1:1 ratio with no redemption fees. Each bStock is fully backed by real U.S. stocks held by a regulated custodian, and its reserves are verifiable via a dedicated proof-of-reserve page. Additionally, bStocks support withdrawals to compatible BNB Smart Chain wallets for self-custody and integration with DeFi protocols on the BNB Smart Chain

June 11, via an official announcement, cryptocurrency exchange Binance revealed it will launch bStocks tokenized securities trading pairs for Circle (CRCLB), Micron (MUB), NVIDIA (NVDAB), Sandisk (SNDKB), and Tesla (TSLAB), alongside activating spot algorithmic trading bots. The timeline for the rollout is as follows: - June 12, 2026, 01:00 (UTC+8): MUB/USDT trading pair goes live; - June 12, 2026, 02:00 (UTC+8): CRCLB/USDT, NVDAB/USDT, SNDKB/USDT, and TSLAB/USDT trading pairs launch.