The June 11 edition of the 24-hour crypto roundup brings together centralized exchange movers, crypto-linked stock performance, policy and regulatory updates, SpaceX IPO-related developments, DeFi security news, and new activity in AI infrastructure and robotics. According to OKX data, HMSTR led the 24-hour gainers list with a 44.45% rise. KAT followed with a 20.43% gain, while DEGEN rose 18.94%. ASP advanced 13.67%, OL climbed 10.12%, FLUID gained 9.06%, ID rose 8.05%, WLFI added 7.72%, ZEUS increased 7.01%, and ZAMA gained 6.48%.
Trump comments on Iran as HOOD gains after insider buying
On the macro and policy front, Trump said that strikes had already been carried out against Iran yesterday and that there would be another strike today. He said Iran had agreed not to possess nuclear weapons and that all that was required was the signing of documents. In separate remarks to reporters at the White House, Trump said that if a peace agreement could not be reached, the United States would take “very strong” action against Iran. He added, “We will attack them, heavy strikes, and resume bombing.” He also said he hoped to reach a meaningful agreement with Iran and that Iran only needed to begin signing the agreement.
Among crypto-linked stocks, Robinhood director Meyer Malka purchased another 250,000 shares of HOOD at roughly $81 per share, bringing his total holdings to 8 million shares. Over the past week, Malka has accumulated more than $50 million worth of HOOD shares. Following the purchase, HOOD rose 6.67% on the day to $89.36. The move was included among the day’s notable crypto-equity gainers tracked by msx.com.
SpaceX IPO scrutiny, pre-market contracts and leveraged ETF plans
SpaceX-related news remained active across regulation and trading products. U.S. Senator Warren called on the SEC to delay SpaceX’s IPO and seek a review of the company. Separately, analysts said SpaceX’s upcoming IPO, planned at $135 per share with $75 billion in fundraising and a valuation of about $1.77 trillion, may lead some investors to sell crypto assets in order to free up capital for subscriptions, creating a short-term pressure source for Bitcoin. At the same time, platforms including Hyperliquid and Binance already offer SpaceX-related perpetual contracts and tokenized stocks, and the IPO’s popularity may also contribute to increased on-chain trading activity.
TradeXYZ also clarified details of its SPCX pre-market contract. The company said SPCX is a price-based perpetual contract that tracks the price of a single share. Total shares outstanding and company market capitalization are not inputs in the pricing model. The initial share count previously shown in the documentation was only an educational example and has now been removed. TradeXYZ said that after SpaceX completes its IPO and sufficient external price data becomes available, SPCX will switch to standard external oracle pricing.
Additional SpaceX-linked product developments were also reported. Christophe Boucher, chief investment officer at ABN Amro Investment Solutions, said participating in the SpaceX IPO resembles buying cryptocurrency roughly 15 years ago: investors could either lose all of their principal or receive exponential returns. He advised investors to consider the risk-reward profile. Bloomberg senior ETF analyst Eric Balchunas said LeverageShares will launch a 3x leveraged SpaceX ETF this Friday, with the U.S. dollar share class using the ticker ELON and sterling share classes listed as ELON and MUSK. LeverageShares will also launch 3x leveraged SK Hynix and DRAM ETFs.
CFTC seeks input on prediction markets; Raydium old pool suspected of exploit
On the regulatory side, CFTC Chairman Mike Selig announced a public request for comment on a proposed structured framework for evaluating the types of events underlying prediction market trading contracts. The aim is to provide long-term and transparent regulatory guidelines. Selig stressed that this would not be the final rulemaking effort for prediction markets and said the CFTC would continue seeking a balance between market integrity and support for innovation.
In DeFi security news, on-chain security researcher Specter disclosed that an old liquidity pool belonging to Solana DeFi protocol Raydium was suspected of being attacked. About $1.34 million in assets, including USDC, RAY and wSOL, were stolen. The attacker has bridged the funds to Ethereum and deposited them into the Tornado Cash mixer.
CryptoQuant said Bitcoin may form a bottom near roughly $53,600, which it identified as the current realized price. The firm said bear markets have historically tended to bottom near that level. However, the report also emphasized that the current demand environment is “extremely unfavorable.” According to CryptoQuant, a true bull-market recovery would require a clear rebound in demand, and current on-chain data has not yet shown that signal.
AI payments, Solana privacy infrastructure and robotics financing
In technology and infrastructure news, Mastercard launched an AI payments protocol called Agent Pay for AI. The protocol allows AI agents to make small payments to each other, such as paying for on-demand access to data. It uses blockchain to record the operational permissions that humans grant to AI agents. In its initial stage, the protocol stores permission information on Polygon, an Ethereum-based network. Adyen, Coinbase and Cloudflare participated in development. Mastercard expects the protocol to become a new scalable market over the next five years.
Solana infrastructure company Helius announced the acquisition of Light Protocol. Light Protocol will refocus on the development of Solana privacy solutions. By combining its zero-knowledge cryptography capabilities with Helius’s infrastructure strengths, the teams aim to build a ZK privacy protocol for private payments and private DeFi. Helius plans to open the related infrastructure to developers over the coming months.
Financing activity also extended into robotics and AI infrastructure. Tether Investments, a unit of Tether, announced that it led the Series C financing round for humanoid robotics company NEURA Robotics. The round could reach up to $1.4 billion, setting a new private financing record in robotics and physical AI. Tether CEO Paolo Ardoino said the company will use WDK and QVAC to provide machines with both financial and intelligence capabilities, allowing them to independently execute tasks and complete transactions. AI infrastructure startup TensorWave completed a $350 million Series B round at a post-money valuation of $1.55 billion. The financing will be used to expand its AMD-powered global AI infrastructure.