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Crypto

SpaceX IPO frenzy draws crypto industry as tokens, perpetual futures and betting products proliferate

Crypto companies are competing to attract retail investors ahead of SpaceX\'s initial public offering, rolling out products ranging from prediction markets to tokenised assets and perpetual futures. The offerings allow trading on SpaceX price moves without a traditional brokerage account, though most do not provide direct share ownership, dividends, voting rights or claims on assets. Platforms such as Polymarket, Myriad, Kraken-linked services, Coinbase International, Hyperliquid and Backpack have launched related products, reviving investor-protection and regulatory concerns.

Crypto

RWA market surges 589 percent amid broader crypto downturn

The market for real-world assets (RWA) is growing rapidly despite a broader slump in cryptocurrencies, helped by financial institutions joining and a wider range of assets being tokenised. Binance Research said the overall RWA market jumped 589 percent from early 2025 to June 2026, with tokenised equities rising 422 percent. Bonds and money market funds grew 83 percent. Tokenised precious metals also drew inflows early this year, while banks are moving to build tokenised deposit networks.

Crypto

Bybit launches subscription service for SpaceX IPO tokenised shares

Crypto exchange Bybit will launch a subscription service for tokenised shares tied to a SpaceX IPO, Cointelegraph reported on June 8. Bybit will use the xStocks framework from Payward, the parent of Kraken, to secure IPO allocations through SpaceX’s underwriter syndicate and then tokenise them. The tokenised shares are linked one-to-one with real shares held by a regulated broker-dealer. Trading is set to begin on Bybit’s spot market on June 12.