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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.
Finance
SpaceX IPO draws U.S. retail investors despite overvaluation concerns
SpaceX is moving ahead with an IPO valuing the company at $1.77 trillion, pricing shares at $135, drawing strong interest from U.S. retail investors despite overvaluation concerns. Retail allocation is in the low 20 percent range, above the usual 5 to 10 percent. Fidelity set a $2,000 minimum account balance. Some investors are betting on a first-day surge, while others remain cautious about demand signals and selling restrictions.
Finance
BoA CEO says accuracy tops cost in finance AI
Bank of America CEO Brian Moynihan said accuracy is the top priority for artificial intelligence strategies in banking, rather than efficiency or cost cutting. He said mistakes in customer-facing answers can directly affect trust, leaving little room for error and requiring extensive system building and validation. The bank has invested about $250 million in new AI deployments this year and runs AI assistant Erica, used by millions of customers and employees.
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Crypto
Delaware and New Jersey advance bills to ban cryptocurrency ATMs
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Telecommunications & Media
Broadcast ad cap raised to 20 percent, mid-roll ad rules eased
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AI & Enterprise
AI to automate last mile of labor, Real World aims for human-level robot dexterity
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Crypto
XRP outlook for rest of June shows warning lights over risk of falling below $1
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Crypto
SpaceX joins race as U.S. listed firms net buy 43,557 bitcoin in May
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Finance
Shinhan Bank tightens credit loan controls, limits non-face-to-face applications
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Finance
Shinhan Investment & Securities completes public growth fund subscription, raises allocation for low-income investors to 35 percent
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Industry
Woowahan Cheongnyeondeul to distribute 700,000 bottles of water at Baemin B Mart to support riders during heatwave season
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Games & Commerce
Naver joins Samsung Electronics appreciation festival with Onnuri gift certificate rebate and extra membership points
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Crypto
Ethereum exchange holdings hit record low; is it a bottom signal?
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Crypto
XRP rebound pivots at $1.12 and $1.25 as further decline still possible
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Crypto
XRP transaction fees plunge 91 percent as market watches 1 dollar to 0.65 dollar support
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Finance
KOSPI ends higher at 7,760 in volatile trade; KOSDAQ surges more than 4 percent
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Crypto
XRP $1 level at risk as altcoin market enters \'panic zone\'
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Crypto
Flare co-founder welcomes Charles Hoskinson return after XRP-BTC clash