A potential mega IPO by SpaceX is fuelling expectations that liquidity flows in cryptocurrency markets could shift. If listings by SpaceX, OpenAI and Anthropic proceed as planned, capital moving into IPO subscriptions could be diverted from crypto into equities. The article cites estimates for SpaceX fundraising and valuation, Polymarket probabilities and possible retail participation, and notes SpaceX holds 8,285 bitcoin. Markets will watch the May–June roadshow period for signs of pressure or resilience in crypto prices.

Public debate on the U.S. crypto market structure bill known as the CLARITY Act has shown no progress for a month, narrowing the window for passage before elections. CoinDesk reported the bill is unlikely to be handled within April and that Congress has limited time left. The industry is pressing for a Senate Banking Committee markup hearing, but timing, unresolved issues including stablecoin yield, and other congressional priorities may push the bill down the agenda.