The Hang Seng Tech Index to Include SpaceX

June 12 — Industry sources tell us OpenAI CEO Sam Altman has nixed his planned trip to Abu Dhabi. He was scheduled to meet with leaders from Mubadala, G42, MGX, and the Abu Dhabi National Oil Company as the company gears up for its debut on the public markets. The last-minute cancellation comes amid rising regional tensions tied to the Iran conflict. No clear explanation for the change has been given, and OpenAI has not responded to requests for comment. Click the original link below to join the BlockBeats · Feishu AI News Channel, where you can get 24/7 updates on global AI trends and news.

### U.S. Stock Market Alert: SpaceX’s Historic IPO and Key Post-Listing Milestones (June 12) Today, the U.S. stock market will kick off the largest IPO in history: SpaceX. Ahead of its debut, the firm’s stratospheric valuation has become a top topic of market debate. For medium- to long-term investors, however, two critical milestones post-listing bear close watching: 1. **Roughly July 6–7 (15 trading days post-IPO):** NASDAQ’s new "Fast Entry" rule—created specifically for ultra-large-cap new issues—will assess whether SpaceX qualifies for inclusion in the NASDAQ 100 Index. If approved, passive funds totaling $80–180 billion will flow directly into SpaceX. 2. **Early-mid August (around August 11):** SpaceX is expected to release its Q2 earnings report. Two days after the earnings call, the stock will face its first major lock-up period expiration, with ~10–15% of available shares hitting the market to create significant selling pressure. While large lock-up expirations often trigg

June 12 — On-chain analytics platform LookOnChain reports that the wallet linked to F2Pool co-founder Wang Chun has withdrawn an additional 15,740 ETH from Binance in just two hours, valued at roughly $26.4 million. Prior to this transaction, Wang Chun’s associated address had pulled out 9,719 ETH on June 5 and 17,560 ETH on June 6, per the data.

June 12: CryptoRank data shows early-stage crypto funding — covering angel, pre-seed, and seed rounds — continues to weaken. Since Q2 2024, the number of funding rounds has dropped 63%, while total capital raised has fallen by 50%. As of Q2 2026, early-stage crypto funding stood at just $2.9 billion across 63 rounds, the lowest level in the tracked statistical period. There was a brief rebound in Q3 2025, hitting $6.45 billion across 103 rounds, but the overall downward trend remains intact. CryptoRank points out the gap between early and late-stage crypto funding is widening, as investors increasingly favor larger, more mature projects.

June 12 – Cryptocurrency wallet company Exodus (NYSE: EXOD) has announced a partnership with Ondo Finance to launch Exodus Markets. Users can now directly trade more than 200 tokenized stocks, ETFs, and real-world assets on Solana through Exodus, including Exodus’ own stock token.

On June 12, the China Securities Regulatory Commission (CSRC) approved the initial public offering (IPO) registration application of Changxin Technology Group Co., Ltd. on the Shanghai Stock Exchange’s Science and Technology Innovation Board (STAR Market), and officially released its approval document with reference number [2026]1344. As a leading domestic integrated circuit firm specializing in mass production of general-purpose DRAM memory chips, Changxin Technology completed the registration process smoothly after clearing the Shanghai Stock Exchange’s STAR Market Listing Committee meeting on May 27. The company’s IPO is set to raise 29.5 billion yuan, making it the second-largest fundraising project in STAR Market history—surpassed only by Semiconductor Manufacturing International Corporation (SMIC). The raised funds will mainly be allocated to upgrading memory wafer manufacturing lines, enhancing DRAM technology, and supporting forward-looking technological R&D. Per its prospec