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Crypto

SpaceX IPO: Headwind or tailwind for bitcoin?

SpaceX’s initial public offering has emerged as a variable for gauging liquidity in the cryptocurrency market. It is drawing attention over whether it will pull more capital and interest away from crypto, or whether profits after listing will flow back into risk assets. Activity has already appeared on Hyperliquid, where the SPCX perpetual futures contract saw large open interest and volume. Analysts flagged near-term liquidity pressure, while others said a strong debut could bring money back to crypto.

Crypto

Delaware and New Jersey advance bills to ban cryptocurrency ATMs

Delaware and New Jersey have each moved bills to ban cryptocurrency ATMs to the floor of their legislatures. The proposals would prohibit the ownership, installation and operation of crypto ATMs, driven by concerns they are mainly used for fraud. Delaware’s bill would require existing machines to be removed within 90 days if enacted and includes fines and refund requirements. Supporters cite FBI data showing complaints and losses rising in 2025.

AI & Enterprise

Claude ranks second in South Korea\'s generative AI app revenue - Sensor Tower

Anthropic’s AI assistant Claude has risen to second place in South Korea’s generative AI app market, overtaking Google’s Gemini, according to Sensor Tower. Through early June, Claude ranked second by revenue among iOS generative AI apps in South Korea and first in revenue growth. It hit a record daily revenue of about $104,000 on May 5. Sensor Tower said the increase may have come from existing users converting to paid subscriptions or upgrading plans.