BackedFi used 500 HYPE to purchase the SPCXx spot code, according to a post by HyperliquidNews on X cited by Odaily. The post put the value of the transaction at about $26,300. No additional details were provided in the source about the trade’s background, execution, or any follow-up plans. The update was published as a brief market item, with the disclosed figures limited to the amount of HYPE used and the stated dollar value. As presented in the source, the announcement only identified BackedFi, HyperliquidNews, HYPE, and SPCXx, and did not include extra context beyond the purchase itself.

A Kraken employee said allocations for SpaceX tokenized stock SPCX on xStocks were reduced far more than expected. Kraken has not issued an official response, and prior disclosures said final allocations were up to underwriters.

Binance scrapped the SPCXx tokenized stock sale after demand reached $557 million from 27,689 wallets. Users are receiving full USDC refunds, plus an equal share of a $1 million SPCXB airdrop.

Binance said it has canceled the Binance Wallet SPCXx IPO campaign, will automatically refund all locked USDC, and distribute $1 million worth of SPCXB tokens to eligible participants.

Bybit has opened tokenized SpaceX IPO access through IPO Express, letting users subscribe with USDC. The product tracks economic exposure rather than direct equity ownership.

Kraken launched tokenized SpaceX IPO shares via its xStocks platform, allowing retail investors in over 110 markets to apply. SpaceX targets a $75B raise at a $1.8T valuation, potentially the largest IPO ever.

Binance Wallet, Bybit, and Bitget Wallet canceled SpaceX pre-IPO offerings after xStocks failed to obtain the underlying shares, exposing a supply problem rather than a tokenization flaw.

Mantle has officially added SKHYx, a tokenized stock tied to SK hynix, marking the fourth tokenized equity listing on the platform in less than a month after SPCXx, USPXx and BSPx. SKHYx is issued by xStocks and is now available for trading on Fluxion. The trading setup uses Fluxion’s hybrid infrastructure: its Atomic RFQ mechanism anchors pricing to live market quotes during regular trading hours, while the AMM execution model keeps trading open after the underlying market closes. Users who trade SKHYx can earn xPoints, the native reward issued by xStocks, and also share an additional 1 million Fluxion Points based on trading volume and liquidity contribution. Mantle said the launch extends the rapid buildout of its tokenized stock lineup and brings another globally significant company onto blockchain rails.