Nasdaq confirmed that SpaceX (ticker SPCX) will be added to the Nasdaq 100 Index on July 7, 2026, potentially bringing in about $4.3 billion in passive fund inflows from index-tracking ETFs like QQQ and QQQM. SpaceX went public on June 12 and is being fast-tracked despite a $4.9 billion net loss last year, thanks to relaxed listing requirements. Morningstar and some fund managers question its valuation. Meanwhile, OpenAI and Anthropic are expected to file IPOs this year or next, seeking valuations above $1 trillion. S&P Global said it will not consider SpaceX for the S&P 500 for at least 12 months.

According to Onchain Lens monitoring, a wallet (0xD04) associated with Vitalik Buterin moved 7,000 ETH (~$11.06M) to a new address. The same wallet previously transferred 1,300 ETH (~$31.6M) and subsequently deposited it into Paxos. It currently holds 20,001 ETH (~$31.6M). Based on historical patterns, this move likely precedes a deposit to a centralized exchange.

While Bitcoin's price decline triggers retail panic selling, Wall Street institutions are aggressively expanding into crypto financial infrastructure. Invesco files for a tokenized fund, Kraken negotiates to acquire Aave, Circle partners with Nomura for stablecoin cross-border settlements, and SBI acquires Bitbank to build a full-stack financial group. These moves are driven by regulatory and technological clocks, not price volatility, signaling a systemic transfer of crypto infrastructure ownership from natives to traditional financial institutions.

This article analyzes the development of internet capital markets in 2026, highlighting the US's regulatory breakthroughs such as the GENIUS Act and SEC/CFTC joint guidance, alongside real-world transactions by J.P. Morgan and State Street on the Solana blockchain. These developments are driving the emergence of a new public chain-based capital market. Asian institutions face a strategic window and should adopt phased, pragmatic approaches based on local regulatory maturity.

Ripple CEO Brad Garlinghouse criticized Michael Saylor's Strategy for using preferred stock financing to buy Bitcoin, arguing that such financial engineering damages the crypto market. He emphasized that digital asset value comes from utility, not leverage. Meanwhile, Strategy's preferred stock STRC dropped ~26% below its par value, hitting an all-time low, threatening the financing engine. CryptoQuant advised pausing Bitcoin purchases to rebuild cash reserves, while Benchmark analyst Mark Palmer argues the engine is merely less efficient, not broken. Bitcoin fell below $59k amid the pressure.

According to Onchain Lens monitoring, a wallet address (0xD04) associated with Ethereum co-founder Vitalik Buterin has transferred 7,000 ETH (worth approximately $11.06 million) to a new address today. Historical transaction records indicate that such transfers often lead to a centralized exchange (CEX) deposit. Previously, the same wallet moved 1,300 ETH (worth ~$31.6 million) to Paxos. The wallet currently holds 20,001 ETH (valued at $31.6 million).

AscendEX (formerly Bitmax) has been hit by a massive withdrawal freeze, with user funds stuck in 'Initiating' status and no on-chain transaction hashes, raising fears of liquidity insolvency. The platform suffered a $78 million loss from a 2021 Lazarus hacker attack and has long lacked proof of reserves and third-party audits, undermining transparency. This incident highlights the existential challenges facing mid-tier crypto exchanges amid tightening regulation and industry consolidation.

According to MarsBit, centralized exchange Kraken is planning a strategic investment in DeFi lending protocol Aave, signaling CeFi's accelerated push into on-chain financial infrastructure to overcome trading fee bottlenecks. Despite Aave's past black swan events causing capital outflows, its robust architecture, sustained cash flow, and upcoming token buyback mechanism reinforce long-term value, highlighting DeFi's expansion toward value capture and real-world assets (RWA).