Algorithmic stablecoin MIM may have deviated from its peg due to insufficient liquidity, currently trading at around $0.89.

June 12: According to Onchain Lens monitoring, a newly created wallet withdrew 328 BTC from Binance. The whale has amassed 820 BTC over the past 24 hours, worth $51.99 million.

June 12: According to Bitget market data, U.S. stocks opened with the Dow Jones Industrial Average rising 0.59%, the S&P 500 climbing 0.2%, and the Nasdaq Composite trading nearly flat. Today marked SpaceX’s IPO, lifting its related stocks: Rocket Lab rallied 1.5% while Virgin Galactic slumped 14%. Large-cap tech shares opened relatively steady. Sharon AI fell 3.9% after the company inked a six-year computing power partnership agreement with NVIDIA (NVDA.O). CPO concept stocks continued their pullback, with AAOI down 2.02%, MRVL off 4.03%, and LITE declining 2.95%. Memory stocks also faced selling pressure, with MU down 3.36%.

June 12: LookOnChain monitoring shows the SpaceX-linked "Mega Whale" has doubled down on its long position in XYZ:SPCX, bringing its total holdings to 202,305 units valued at $35.14 million, with a liquidation price of $95.12. The whale established this 2x long SPCX position earlier today, with the initial opening position worth $17.33 million.

June 12 – Maye Musk, mother of Elon Musk, and SpaceX executives arrived early at Nasdaq, multiple U.S. media outlets confirm. Notably, Maye Musk is the first member of the Musk family to be spotted arriving for SpaceX’s debut at the exchange.

June 12 (Reuters) — SBF fails to overturn his fraud conviction and 25-year prison sentence.

June 12 — Alicharts analysts are pointing to the 2021 Coinbase IPO as a precedent to anticipate the potential impact of SpaceX’s upcoming public offering on the broader stock market. Coinbase launched its IPO on April 14, 2021. Ahead of that debut, Bitcoin had surged over 1,200% since March 2020; in the months following the crypto exchange’s listing, the cryptocurrency suffered a sharp 50% correction. SpaceX’s IPO is now timed against a parallel market backdrop: the S&P 500 has posted a more than 50% gain over the past year. Alicharts notes that with extreme hype already priced into current market valuations, historical trends show a period of natural macro-level consolidation and profit-taking across broad indices would be entirely healthy for the market.