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BTC Falls Below $63,000

Market data shows that BTC has fallen below $63,000, currently priced at $62,976, with a 24-hour increase of 0.07%. The market is highly volatile, so please ensure proper risk management.

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  • Trump: Iran's Leaked Terms to 'Fake News' Unrelated to Written Agreement

    On June 12, U.S. President Trump stated that the terms leaked by Iran to 'fake news' have nothing to do with the terms of the written agreement. What they are saying, including that weak and pathetic statement about reaching an agreement, is completely unrelated to the facts. These people are utterly despicable and cannot be negotiated with at all. Dealing with them is not about integrity. It's unbelievable! Additionally, the drone attack they launched against an Indian vessel departing the Strait of Hormuz last night was completely repelled; such actions are entirely unacceptable. They better get their act together, and quickly!

  • SpaceX's Opening Price on First Trading Day Rises 29% from IPO Price

    On its first trading day, SpaceX (SPCX.O) opened at an indicative price of $174, which is a 29% increase from the IPO price.

  • Musk Celebrates SpaceX's Nasdaq Debut from Texas as Executives Ring Opening Bell in New York

    On June 12, Friday morning (Beijing time Friday evening), Gwynne Shotwell, President of SpaceX, and Brett Johnson, Chief Financial Officer, who were in New York, joined Elon Musk, who was in Texas, to ring the opening bell at the Nasdaq Stock Exchange. SpaceX shares are set to officially begin trading later that evening. Musk, along with many core supporters and company employees, participated in the ceremony from the Starbase in Texas, standing in front of a Nasdaq-branded podium to celebrate SpaceX's entry into the capital market.

  • SpaceX Executives Arrive Early at Nasdaq

    According to the Wall Street Journal: Elon Musk's mother, Maye Musk, and SpaceX executives have arrived early at Nasdaq.

  • SBF Fails to Overturn Fraud Conviction and 25-Year Sentence

    On June 12, according to market news, SBF has failed to successfully overturn his fraud conviction and 25-year prison sentence.

  • Short Sellers Warn SpaceX is Overvalued, Not Worth Its Price

    On June 12, according to China News Service, SpaceX went public on the evening of June 12 Beijing time. The company attracted over $100 billion (approximately 676.3 billion yuan) in subscriptions from retail investors, surpassing its $75 billion financing target. According to a previous report by Reuters, analysts at Morningstar estimated SpaceX's valuation at $780 billion, which is less than half of its initial public offering target. Morningstar stock analyst Nicholas Owens stated, 'We believe SpaceX is severely overvalued, and investors will have the opportunity to buy in at a more attractive price after the IPO.' Michael Burry, who successfully predicted the U.S. housing bubble, also recently remarked, 'There is nothing in the S-1 filing (SpaceX's prospectus) that indicates it is worth $1 trillion, let alone $2 trillion.'

  • Optimism from SpaceX IPO and Middle East Situation Boosts US Stock Index Futures

    On June 12, Friday, US stock index futures rose ahead of the market opening, primarily driven by optimism surrounding SpaceX's upcoming public listing. Additionally, expectations of a potential temporary peace agreement regarding the Iran conflict also lifted market sentiment. Nasdaq announced that SpaceX will list at 9:50 AM Eastern Time and begin trading at 10:00 AM. Pre-IPO derivatives trading indicates that, as retail investors flock to the stock, its price is expected to rise between 30% and 50%. Todd Sohn, Chief ETF Strategist at Strategas Securities, stated that stock index futures are increasing due to a 'mix of factors, including softening oil prices, the SpaceX hype, and the market still being built on strong earnings fundamentals.' Regarding SpaceX, he noted that 'demand has clearly surged to a peak.'

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  • Korean Brokerages Earn 4 Trillion Won in Q1; Banks Tighten Lending to Curb Stock Speculation

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  • Morgan Stanley: AI Benefits May Be Boosting the UK Economy

    On June 12, Morgan Stanley economist Bruna Skarica noted in a report that the UK's monthly GDP appears to be benefiting once again from the strong performance of the white-collar service sector, particularly in the information and communication technology (ICT) industry. She pointed out that the industry's output is currently growing by 6.7% year-on-year, and has increased by 45.4% since the fourth quarter of 2019, while the overall economy's value added has only grown by 6% during the same period. "The sectors most affected by the rapid proliferation of artificial intelligence are simultaneously driving GDP growth and productivity improvements, which seems far from coincidental," Skarica added. Given that the Bank of England indicated last year that the UK's structural productivity growth is negative, the bank should provide more commentary on this matter this year.

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