#ElonMusk Elon Musk has become the first person in history to worth $1 trillion. This happened because shares of his rocket company, SpaceX,$SPCX went on sale to the public for the first time on Friday. On their very first day of trading, SpaceX shares jumped up by 11%, reaching a price of $150 each. Key Details of the Big Event A Massive Success: This was the biggest "Initial Public Offering" (IPO)—which means selling company shares to the public—in history. Big Money Raised: The sale raised more than $75 billion for the company. The Mission Continues: Elon Musk, a leader who often divides public opinion, promised again that he will use his wealth and technology to send humans to Mars. What This Means for the Future Experts believe the massive success of SpaceX's stock launch will encourage many Artificial Intelligence (AI) companies to start selling their own shares on the stock market in the coming months. #Binance
In the last 24 hours, Binance recorded $5.6 billion in trading volume for SpaceX perpetual futures. Binance holds more than 60% of the total market share across centralized and decentralized venues. Open interest on Binance for SPCXUSDT is $167.22 million, the highest figure across all platforms. Since the SpaceX Pre-IPO launch, total accumulated volume on Binance has crossed $9 billion. SpaceX is now Binance's second-largest traded product in the world, behind only Bitcoin. When a market moment this large arrives, users do not scatter across venues. They concentrate. And they concentrated on Binance. That is what dominant infrastructure looks like in practice. These numbers come from Coinglass and CoinMarketCap.
Last week I was checking some on chain data and noticed a number that looked higher than it should have been. At first I assumed I had opened the wrong page. Then I checked again. Same result. For a few minutes I went back and forth between tabs trying to figure out whether the issue was the data or my own reading of it. That's usually the frustrating part. Not being wrong, but not knowing why something looks wrong. That small moment stayed with me while reading through Bedrock. I expected to spend most of my time looking at returns. Instead, I ended up looking at the reserve information and how the backing could be checked. I actually reopened one section twice because I wasn't completely sure I understood it the first time. Maybe that's what caught my attention. The process seemed to encourage verification rather than quick conclusions. Not because someone was telling me to trust it but because there was something there to check in the first place. It slowed me down a bit. Strangely, that made me more comfortable with what I was seeing. A lot of systems today compete on speed. Faster outputs. Faster signals. Faster opinions. But when data, money, and increasingly AI are involved, I think the more important question is whether someone else can independently verify the thing you're looking at. That's what I kept thinking about with Bedrock. Not certainty. Not perfection. Just fewer moments where trust depends entirely on taking someone's word for it. #BedrockFinance
#NewsAboutCrypto South Korean retail leverage trading is SKYROCKETING: The total market cap of ETFs listed on the Korea Exchange surged to a record 514.4 trillion won, or $339 BILLION. This is up more than +70% year-to-date, driven almost entirely by leveraged funds tied to Samsung and SK Hynix. CSOP's SK Hynix leveraged ETF alone reached ~$10 billion in assets under management in late May, making it the world's largest single-stock leveraged ETF. Additionally, margin debt on the Kospi Index hit 27.8 trillion won, or ~$18.3 billion, up +61.6% since the start of the year. This is all unfolding at a time when Samsung and SK Hynix account for 47% of the entire Kospi index, with Samsung up +174.4% and SK Hynix up +217.9% this year, both joining the $1 trillion market cap club in May. This concentration means that a sharp decline in just 2 stocks has the potential to trigger a market-wide forced liquidation event. This is because leveraged positions are automatically unwound when prices fall, amplifying declines rather than stabilizing them. The South Korean market is now a CASINO.
🚨 BREAKING: Trump just declared the US-Iran war is over and markets are celebrating. 📈 Stocks surge. 🛢️ Oil prices tumble. 🌊 Strait of Hormuz set to reopen. 🤝 A 60-day ceasefire reportedly agreed under the “Islamabad Agreement.” But there’s one major problem: 🇮🇷 Iran still hasn’t confirmed the deal. Until Tehran signs off, this is a market rally built on headlines, not certainty. One statement from Iran could change everything.$TRUMP $LAB $BNB
$400 Million in One Week. @Binance Announcement launched stock trading and the world responded immediately.
https://app.binance.com/uni-qr/cpro/Binance_Blog?l=en&r=I12D0SV5&uc=app_square_share_link&us=copylink Start with just $5. No brokerage account needed. No high minimum deposits. No complicated paperwork. In the first seven days, more than 80% of trading volume came from emerging markets. These are people who were always ready to invest but never had easy access. One in four user was under 25 years old. Nearly 40% of all trades were placed under $100. Over 1,100 stocks and ETFs are now available to anyone, anywhere. 64% of people who signed up actually placed a trade. The top picks were NVIDIA, Google, and Marvell. These are long term investments in the future of technology. This is not just a new feature. This is a new era of financial access. Global markets are now open to everyone, starting from $5. Binance Direct Stocks. The demand was always real.