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6/12
17:30
Svmuu News: The U.S. CFTC has filed a lawsuit in the U.S. District Court for the District of New Mexico against Governor Michelle Lujan Grisham, Attorney General Raúl Torrez, and other officials, aiming to prevent the state from applying gambling regulations to prediction market platforms.
Previously, New Mexico sued Kalshi, accusing it of offering unauthorized sports betting to state residents and allowing users below the state's legal gambling age of 21 to participate. The New Mexico Attorney General stated that legal gambling in the state can only operate under tribal-state gaming compacts or a strict state regulatory framework.
The CFTC argues that platforms like Kalshi offer federally regulated derivative contracts, not gambling products under state law. CFTC Chairman Michael Selig stated that New Mexico is attempting to impose state gambling laws on a federal derivatives exchange that falls under the CFTC's exclusive jurisdiction.
Over the past few months, the CFTC has filed lawsuits against several states, including Wisconsin, Illinois, Arizona, Connecticut, and New York, to establish its regulatory authority over sports prediction markets. This week, the agency also proposed broader rules for prediction markets that still generally permit sports-related contracts, indicating an escalating conflict between federal and state governments over the boundaries of prediction markets and sports betting.
17:30
Svmuu Former SEC Chair and former CFTC Chair Gary Gensler, in an amicus brief filed with the U.S. Court of Appeals for the Sixth Circuit, stated that the Dodd-Frank Act does not grant the CFTC the authority to regulate sports betting.
This position directly contradicts the claims of current CFTC Chair Michael Selig and prediction market platform Kalshi, who argue that contracts related to sports events fall under federal regulatory scope rather than state gambling oversight.
Gensler pointed out that if the Dodd-Frank Act truly preempted state authority over sports betting, it would have been major news at the time, yet no one understood it that way. He served as CFTC Chair from 2009 to 2014 and was responsible for implementing rules under the Dodd-Frank Act.
The amicus brief pertains to litigation between Kalshi and the state of Ohio. The Ohio gambling regulator had demanded Kalshi cease offering sports-related event contracts to state residents, leading Kalshi to sue the state. However, a request for a preliminary injunction was denied by the court. The CFTC supports Kalshi, arguing that Ohio has overstepped its authority.
Over the past year, the CFTC has continuously sought to expand its regulatory reach over prediction markets, having sued several states to establish its jurisdiction. This week, the agency also proposed broader rules for prediction markets, generally supporting sports-related contracts while aiming to impose stricter restrictions on betting concerning events such as terrorist attacks, assassinations, and wars.
17:28
Svmuu reported that renowned startup accelerator Y Combinator stated that in the future, all of its portfolio companies may utilize crypto technology, particularly infrastructure like stablecoins, and this will not be limited to crypto or fintech startups.
YC has previously invested in early-stage companies such as Airbnb, DoorDash, Coinbase, Stripe, Reddit, OpenAI, and Kalshi. Its latest statement primarily urges the U.S. Congress to pass the crypto market structure bill, the "Clarity Act."
YC believes that for the crypto industry to enter a new phase, it must achieve deeper integration with traditional financial institutions such as banks and brokerages. The Clarity Act is expected to provide the regulatory foundation for this integration. The bill aims to clarify whether digital assets are securities or commodities, establish a registration pathway with the CFTC, and stipulate that customer assets belong to the customers in the event of bankruptcy.
However, the prospects for the bill remain uncertain. Supporters argue that it has a bipartisan foundation, while opponents point out limited support from Democrats, the approaching midterm elections, and ethical controversies arising from Trump's direct association with the crypto industry. These factors could all increase legislative resistance.
13:20
Svmuu News: A senior U.S. government official stated that Iran has indicated it “can accept the relevant wording of the agreement.” The date and location for signing the agreement have not yet been finalized. I believe we are close to determining both the signing date and location. (Jin10)
12:58
Svmuu News: According to Axios reporter, Trump stated that he still believes a deal with Iran could be signed by the end of this weekend or next Monday.
12:56
Svmuu reports that MSX data shows SPCX has continued to rise since its opening, breaking through $170 and currently trading at $171.
12:50
Svmuu News: According to the Wall Street Journal, Goldman Sachs (GS.N) and Morgan Stanley (MS.N) are expected to earn approximately $100 million each in underwriting fees from SpaceX's initial public offering.
12:40
Svmuu reported that Bybit Spot has officially listed xStocks tokenized stock SPCXX on June 13 (UTC+8). The platform simultaneously launched a 200,000 USDT Token Splash trading competition, where users can participate through deposits, trading, and other activities to win substantial rewards.
12:37
Svmuu reported that Gate has announced the official launch of SpaceX (SPCX) trading. Users can participate in SPCX trading through the Gate stock section. As the first project under Gate's IPO Access, SpaceX has completed its share distribution and officially entered the real stock trading phase.
Additionally, Gate has launched exclusive benefits for users who subscribed to SpaceX (SPCX). Participating in designated USDT savings products can earn up to 200% annualized yield, while holding USD1 provides extra rewards. Meanwhile, the platform has also initiated a limited-time "SPCX Stock Launch Plan" campaign. During the event, users can receive a first-order reward by engaging in stock trading, share their SPCX holdings to potentially receive a stock airdrop, and by completing a specified trading volume and competing on the leaderboard, they can share a total SPCX stock prize pool worth 50,000 USDT.
Furthermore, Gate Stock has launched its web trading terminal, achieving comprehensive coverage across both the App and Web platforms. Gate Stock supports trading of over 10,000 US mainstream market stocks and ETFs using USDT, covering major US securities exchanges such as the NYSE and NASDAQ. It also supports fractional share trading, with a minimum order size of 0.01 shares. With the introduction of IPO Access, Gate is progressively building a product ecosystem that spans Pre-IPO, IPO, and stock trading, providing users with a more convenient one-stop global investment experience.
12:30
Svmuu reported that the Prime Minister of Pakistan stated on social media platforms: Amidst ongoing intensive mediation efforts in Pakistan, we are fully aware that forces intent on sabotaging the peace agreement are launching an incessant disinformation campaign. Setting aside these noises, we can confirm that the final consensus text of the peace agreement has been reached, and Pakistan is currently working closely with both (US and Iranian) parties to finalize the next phase of arrangements. Peace has never been as close as it is now. (Jinshi)
12:26
Svmuu reported that Hang Seng Indexes will include SpaceX in the constituent list of the Hang Seng Hong Kong-US Technology Index following its listing on June 12. (Cointelegraph)
12:21
According to Svmuu, options contracts for SpaceX (SPCX.O) will begin trading next Tuesday, with the company's stock having started trading today. SpaceX raised $75 billion at a valuation of $1.765 trillion, with the stock opening at $150, above the IPO price of $135.
A spokesperson confirmed that the options will be traded on exchanges including the Chicago Board Options Exchange (CBOE) and Nasdaq. These derivatives are likely to see strong demand as they allow investors to bet on the stock's future price movements or hedge against downside risk. A surge in options volume could further boost demand for stock trading. (Jin10)
12:13
According to Svmuu, Bybit Alpha and Byreal have now listed $SPCX for trading, with its current price on the Solana chain at $161. SPCX is an on-chain SpaceX token issued by Backpack and has been deployed to Solana.
12:13
Svmuu reported, Ondo Finance announced on X platform that SpaceX has completed the largest IPO in history, with its tokenized asset SPCXon launching on Ondo Global Markets on its first day of trading, supporting Solana, Ethereum, and BNB Chain.
12:07
Svmuu reported that research firm CFRA has initiated coverage on SpaceX (SPCX.O) with a "Sell" rating and a target price of $115. (Jin10)
12:06
Svmuu reported that crypto data provider Blockworks has acquired competitor Messari. (Aggr News)
12:05
Svmuu reports that according to MSX data, SPCX has dropped to $156, after reaching a high of $168.7 earlier today.
12:02
According to data from MSX.COM, U.S. space stocks fell further after SpaceX's listing, with Intuitive Machines down 16%, Planet Labs down 11.9%, Rocket Lab down 12.5%, Satellogic down 15.7%, Virgin Galactic down 34.3%, and Redwire down 12.5%.
12:02
Svmuu News: According to an official announcement, Binance will launch the bStocksSpaceX (SPCXB) spot trading pair SPCXB/USDT on June 12, 2026, at 17:00 (UTC), and will also activate its spot algorithmic trading bot service. Users will enjoy zero order fees on this trading pair during the promotional period, which runs until August 31, 2026, at 23:59 (UTC). SPCXB deposits and withdrawals will open on June 13, 2026, at 13:30 (UTC). with the smart contract address being 0xbe9D156892E55e7154BcD3cB0FEA677F9D3103E1 (BNB Smart Chain).
12:01
Svmuu reports: With SpaceX officially going public, Musk has become the world's first trillionaire.

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