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6/10
15:28
Svmuu News Analysts believe that SpaceX's upcoming IPO could become a new source of short-term pressure for Bitcoin and the crypto market. As the company is reportedly set to open up to 30% of its IPO shares to retail investors, some investors may sell high-risk assets like Bitcoin and Ethereum to free up capital to participate in this high-profile offering.
SpaceX plans to issue shares at $135 each, aiming to raise $75 billion, with a valuation of approximately $1.77 trillion. A GSR trading executive noted that crypto assets could become one of the funding sources for some investors looking to raise capital for the IPO.
Recently, there have been views suggesting that hot IPOs like SpaceX, and potentially future ones such as OpenAI and Anthropic, could drive capital outflows from the crypto market, putting pressure on Bitcoin and Ethereum prices.
However, SpaceX's listing could also conversely boost on-chain trading activity. Currently, platforms like Hyperliquid and Binance already offer SpaceX-related perpetual contracts and tokenized stock products, and trading activity for these assets may increase further with the IPO.
15:27
Svmuu reported that Solana infrastructure company Helius has announced the acquisition of Light Protocol, whose team will refocus on developing privacy solutions for Solana.
Founded in 2021, Light Protocol initially focused on zero-knowledge proof-based privacy tools for Solana before pivoting to co-develop ZK Compression with Helius. Launched in 2024, this solution aims to reduce on-chain data storage costs on Solana via zero-knowledge proofs, supporting large-scale consumer and enterprise applications.
This acquisition will drive Light back to its original mission, combining its cryptographic expertise with Helius' infrastructure and distribution advantages to develop ZK privacy protocols for Solana, covering scenarios such as private payments and private DeFi. Helius plans to open up relevant privacy infrastructure to developers in the coming months.
The transaction occurs against a backdrop of accelerating consolidation in the crypto industry and tightening fundraising conditions, while also echoing a renewed demand for on-chain privacy. Helius founder Mert Mumtaz stated that privacy will be as fundamental to blockchain scaling as HTTPS was to the internet.
15:25
Svmuu News According to Axios, negotiations are continuing despite the exchange of fire. A regional source revealed that over the past two days, Iranian and US officials have held parallel meetings in Doha with Qatari mediators separately. Qatar had attempted to arrange a tripartite meeting to negotiate directly on the remaining differences, but Iran declined. Qatari mediators traveled to Tehran on Wednesday for talks with Iranian Foreign Minister Araghchi and other Iranian officials, in an effort to restart the negotiation process. Two US officials stated that they hope Tuesday's strike will prompt Iran to take action and respond to Trump's proposal, and that Trump's threats are part of the same pressure strategy. One US official said, "The deal is still on the table, but if Iran continues to stall and respond negatively, the president is prepared to make Iran pay a price." (Jinshi)
15:25
Svmuureports that Anthropic CEO Dario Amodei has stated that if new AI models pose specific risks, governments should have the authority to prevent their deployment. In a lengthy post on Wednesday, Amodei argued that AI models should undergo mandatory third-party testing to assess potential risks across multiple domains. He wrote that if an AI is deemed to pose "unacceptable risks," then "governments should have the power to block or constrain its deployment." This is one of Amodei's strongest statements to date advocating for stricter AI regulation. "I believe that, at least during this current exponential growth phase, the most appropriate analogy is cars, airplanes, or pharmaceuticals—technologies that are essential to the modern economy but can also lead to significant loss of life if poorly designed or misused," Amodei wrote. Anthropic has previously warned that its AI model, Mythos, possesses the ability to discover and exploit critical software vulnerabilities, leading the company to restrict access to a small number of partners. This week, Anthropic also released a new version that removes related cybersecurity attack capabilities. (Jinshi)
15:13
Svmuu reports that CryptoQuant indicates Bitcoin may form a bottom around the $53,600 level, which is the current realized price of Bitcoin—the average on-chain cost basis for all market participants.
The report notes that in previous major bear market cycles, Bitcoin typically bottoms at or slightly below its realized price. Recently, Bitcoin fell to a new bear market low of around $59,000, only about 9% above the $53,600 realized price, before recovering to approximately $62,150.
However, CryptoQuant emphasizes that the Bitcoin demand environment remains "extremely unfavorable," and a true bull market recovery requires a significant rebound in demand, a condition that on-chain data has not yet shown to materialize.
15:10
Svmuu, Stand With Crypto UK has launched a campaign calling on banks to lift restrictions on cryptocurrency exchange transfers, arguing that such practices conflict with the UK's goal of becoming a global digital asset hub.
The organization stated that approximately 40% of UK banks block or delay transactions to crypto exchanges, and 80% of exchanges report a significant increase in customer transaction resistance over the past year. Some exchanges have even experienced nearly £1 billion in transaction cancellations within a year due to banks refusing to process transfers.
Stand With Crypto UK plans to mobilize over 286,000 registered crypto advocates in the UK to file formal complaints with their respective banks. The organization stated that users should not be prevented from accessing legitimate asset classes due to banks imposing "one-size-fits-all" restrictions on the entire industry.
12:50
Svmuu: Iranian President Pezeshkian stated on social media that threats against infrastructure are not a display of strength but a sign of desperation. Iran will unwaveringly resist any pressure or threats. Previously, Trump claimed that the US would resume "severe" strikes against Iran. (Jin10)
12:42
Svmuu News: When asked by reporters if he was concerned about the latest inflation data released today, U.S. President Trump said: "No, I'm fine with it. I love inflation."
Latest data shows that the U.S. CPI in May climbed to 4.2% year-on-year, hitting a three-year high, while the core CPI annual rate reached its highest level since September last year. (Jinshi)
12:00
Svmuu reported that US President Donald Trump said that if a peace agreement cannot be reached, the United States will take "very tough" action against Iran. Trump told reporters at the White House, "We will launch attacks on them, severe strikes, and resume bombing." He mentioned that Iran shot down an Apache helicopter in the Strait of Hormuz.
Trump emphasized that we have the right to resume strikes against Iran. When discussing a potential agreement with Iran, Trump stated that he hopes to reach a meaningful deal. He described it as a good agreement that Iran should sign. Trump said, "They keep pressuring us, and we will see how the agreement develops."
Earlier, Fox News reported that Trump was close to ordering strikes on Iran's infrastructure, but in his latest remarks, Trump said he would not specify whether he would destroy Iran's bridges and power plants. (Jin Shi)
11:59
Svmuu报道: Despite Bitcoin's continued pressure in recent times, with a drop of over 50% from its October high and the price briefly falling below the $60,000 mark, Anthony Pompliano, Chairman and CEO of ProCap Financial, stated that this correction could be "one of the healthiest bear markets" in Bitcoin's history, and that the market bottom may be gradually approaching. He believes that as institutional investors continue to enter the market, Bitcoin's volatility is steadily decreasing.
11:56
Svmuu reported that US stock declines have widened again, with the Nasdaq falling nearly 1.5%, the Dow down 1.2%, and the S&P 500 down 0.94%. Trump previously stated that he would resume strikes against Iran. Trump also revealed that he will soon hold a meeting with 12 top artificial intelligence company executives. (Jinshi)
11:53
Svmuu报道 Trump stated that Iran was hit hard yesterday and will be struck again today, adding that he will see how the agreement develops. (Jin Shi P)
11:49
Svmuu: Trump says he will carry out a strong strike against Iran and has the authority to resume strikes on Iran. (Jin10)
11:42
Svmuu reported that OpenAI founder Sam Altman revealed that the company is developing a new generation of AI models and is expected to complete its initial public offering (IPO) within the next year. Altman noted that factors influencing the IPO timeline include the funding needed to secure computing resources and progress toward achieving self-evolving AI. (The Information)
11:30
Svmuu reported that, according to Onchain Lens monitoring, a wallet suspected to belong to Bitmine withdrew 25,000 ETH from BitGo, worth $40.93 million.
11:27
SvmuuNews: Tether Investments, a subsidiary of Tether, announced that it is leading the Series C funding round for humanoid robotics company NEURA Robotics. The total size of this funding round could reach up to $1.4 billion, setting a new record for private fundraising in the robotics and physical AI sector.
NEURA Robotics is a multi-form cognitive robotics company, with products encompassing humanoid robots, precision robotic arms, automated guided vehicles / autonomous mobile robots (AGVs/AMRs), and service robots. The company has established a stable pipeline of enterprise clients and has formed strategic partnerships with top global industry partners, some of whom are also participating in this investment round. Tether CEO Paolo Ardoino stated: "As robots move towards true autonomy, the underlying infrastructure must also be upgraded. WDK and QVAC will provide machines with a dual layer of finance and intelligence, enabling them to independently execute tasks and complete transactions."
11:20
Svmuu reported that Consensys CEO Joseph Lubin stated that Ethereum is expected to develop into a fully zero-knowledge proof (ZK Proof) based protocol within the next three to five years. This will not only optimize the main chain but also enhance Ethereum’s composability with Layer 2 solutions. Lubin expressed support for the "Rollup-centric roadmap," believing that by strengthening Layer 1, introducing the "Lean Ethereum" initiative, and promoting ZK proofs, the Ethereum base layer can be significantly upgraded. Lean Ethereum aims to achieve over 10,000 transactions per second while maintaining a high degree of decentralization on the mainnet, and also supports privacy and quantum-resistant computing solutions.
On the Layer 2 front, Lubin pointed out that ZK technology has already enabled real-time proof generation on some L2 networks, with plans to extend this capability to Layer 1, ultimately transitioning to a fully ZK-based base protocol supported by multiple provers. For instance, projects like Consensys’ Linea chain and Gnosis are leveraging zero-knowledge proofs to achieve cross-network synchronized transactions, which could potentially eliminate the need for bridges and unify fragmented liquidity.
Lubin emphasized that the initial "differentiation phase" of the Rollup roadmap aims to provide experimental space for Layer 2 technology. Although it may disperse liquidity in the short term, it lays the foundation for Ethereum’s future infinite scalability and technological iteration. He believes that some L2 technologies will become systemically important components, and this exploration process is necessary.
Additionally, Lubin addressed recent personnel changes at the Ethereum Foundation (EF) and rumors of a "second foundation," stating that no second foundation will emerge. The EF will continue to focus on core protocol development, usability and scalability, and institutional partnerships, while also supporting at least three independent teams spun off from the EF to concentrate on protocol development, user experience, and institutional outreach efforts. (The Block)
11:04
Svmuu reported that according to Lookonchain monitoring, US Bitcoin ETFs experienced a net outflow of 1,320 BTC today, with a 7-day net outflow of 15,849 BTC; Ethereum ETFs saw a net outflow of 2,370 ETH, with a 7-day net outflow of 13,416 ETH.
11:02
According to Arkham monitoring, over the past hour, Grayscale deposited a total of 19,548 ETH, worth approximately $32 million, into Coinbase Prime.
11:02
Svmuu reports that Lawrence Zlatkin, Vice President of Tax at Coinbase, has proposed to U.S. lawmakers the establishment of a de minimis capital gains tax exemption threshold for small daily Bitcoin transactions, stating that "Americans shouldn't need to hire an accountant just to buy a pair of jeans with BTC." (Bitcoin Magazine)

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