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xstocks

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ANiii_阿尼
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SpaceX Just IPO'd. Crypto Is Still Doing the Math. It's June 13. SpaceX is now public. And the dust hasn't settled yet. $557 million in subscriptions through Binance Wallet alone. $75 billion raised. $135 per share on Nasdaq under ticker $SPCX. The numbers were historic — but the more interesting story is what happened around the IPO, not just in it. Binance quietly became the infrastructure layer for retail investors who couldn't access the traditional IPO window. Pre-IPO perpetual futures launched in May. Tokenized SPCXx tokens through xStocks followed. By the time SpaceX went public, a parallel on-chain market had already been running for weeks. That's not a small detail. That's a structural shift. The bigger concern sits at the macro level. SpaceX, OpenAI, and Anthropic together are projected to absorb over $240 billion in capital by year-end — exceeding 60% of the total global stablecoin market cap. Some analysts flagged up to $50 billion in potential retail liquidations across crypto and leveraged ETFs just to fund SpaceX allocation. So two things are true simultaneously: crypto rails delivered TradFi access at scale. And TradFi demand pulled capital away from native crypto markets. Binance is betting it can be both the bridge and the beneficiary. Whether that's possible — or whether one side wins — is the question worth watching now. The IPO is done. The liquidity story isn't. #SpaceX #IPO @Binance_Square_Official #TokenizedStocks #xStocks #CryptoNews
SpaceX Just IPO'd. Crypto Is Still Doing the Math.
It's June 13. SpaceX is now public. And the dust hasn't settled yet.
$557 million in subscriptions through Binance Wallet alone. $75 billion raised. $135 per share on Nasdaq under ticker $SPCX. The numbers were historic — but the more interesting story is what happened around the IPO, not just in it.
Binance quietly became the infrastructure layer for retail investors who couldn't access the traditional IPO window. Pre-IPO perpetual futures launched in May. Tokenized SPCXx tokens through xStocks followed. By the time SpaceX went public, a parallel on-chain market had already been running for weeks.
That's not a small detail. That's a structural shift.
The bigger concern sits at the macro level. SpaceX, OpenAI, and Anthropic together are projected to absorb over $240 billion in capital by year-end — exceeding 60% of the total global stablecoin market cap. Some analysts flagged up to $50 billion in potential retail liquidations across crypto and leveraged ETFs just to fund SpaceX allocation.
So two things are true simultaneously: crypto rails delivered TradFi access at scale. And TradFi demand pulled capital away from native crypto markets.
Binance is betting it can be both the bridge and the beneficiary. Whether that's possible — or whether one side wins — is the question worth watching now.
The IPO is done. The liquidity story isn't.
#SpaceX #IPO @Binance Square Official #TokenizedStocks #xStocks #CryptoNews
Insight_ANiii:
The real alpha wasn't in the IPO — it was in watching crypto infrastructure become the access layer for it. Binance basically ran a shadow IPO market before Wall Street opened the doors. That's the shift worth tracking.
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Bullish
SpaceX exposure from SpaceX exposure from a crypto wallet? 👀 This is the kind of tokenized asset adoption that could bring the next wave of investors into Web3. 🚀 ‎ ‎ Everyone talks about buying the future, but now retail can actually get a piece of the SpaceX story. Curious to see how demand impacts $SPCX allocation 🔥 The "refund if not allocated" part removes a lot of fear. Smart move for risk management while getting exposure to one of the hottest private companies 🌍🚀 ‎ ‎Bullish on tokenized stocks long term 📈 Traditional finance and crypto keep getting closer. @Square-Creator-b0c1afbe6bb75 today, what’s next tomorrow? 🤔 ‎ ‎Market psychology is simple: when Elon + SpaceX + limited access appear in one headline, attention follows fast 😅 Watching SPCXX closely for the hype and the opportunity. 🚀💰 ‎ ‎$BTC $VELVET #SPCXX #BinanceWallet #xStocks {future}(BTCUSDT) {future}(VELVETUSDT) {future}(SPXUSDT) ‎
SpaceX exposure from

SpaceX exposure from a crypto wallet? 👀 This is the kind of tokenized asset adoption that could bring the next wave of investors into Web3. 🚀

‎ Everyone talks about buying the future, but now retail can actually get a piece of the SpaceX story. Curious to see how demand impacts $SPCX allocation 🔥
The "refund if not allocated" part removes a lot of fear. Smart move for risk management while getting exposure to one of the hottest private companies 🌍🚀

‎Bullish on tokenized stocks long term 📈 Traditional finance and crypto keep getting closer. @SpaceX2 today, what’s next tomorrow? 🤔

‎Market psychology is simple: when Elon + SpaceX + limited access appear in one headline, attention follows fast 😅 Watching SPCXX closely for the hype and the opportunity. 🚀💰

$BTC $VELVET #SPCXX #BinanceWallet #xStocks


This time with the SpaceX IPO, I really have to hand it to them. I thought I’d at least snag a few shares, but in the end, I didn’t get a single one. Let’s break down the results: All the funds I staked have been fully refunded. Binance has basically completed the refunds. Not a partial refund, but the entire amount returned in full. Many people think it’s a platform issue, but that’s not the case at all. How crazy was the SpaceX listing? They issued 555.56 million shares at $135 each, raising $75 billion, with a valuation of $1.77 trillion, instantly becoming one of the largest IPOs in U.S. history and ranking among the top market caps in the stock market post-listing. The demand was absolutely insane. Public data shows that the SpaceX IPO was severely oversubscribed, with global funds going wild to scoop up shares, and retail and institutional orders far exceeding the issuance scale. To put it simply: it’s not that you didn’t try to grab some. There simply weren’t any shares available. Many on-chain Pre-IPO and xStocks-related channels faced the same problem this time, with most users ending up without any actual allocations. Several friends of mine researched for half a month in advance and even set aside funds specifically for SpaceX, but all they got in the end was a refund notice. But I guess it was a learning experience. I used to think that nailing an IPO was all about speed, but now I realize that what really determines if you get a piece of the pie is that allocation table in the underwriter's hands. It’s not that I didn’t get lucky; I never even had a turn to sign up. 😂#SpaceX史上最大IPO上市 #SpaceX750亿美元上市 #xStocks ​
This time with the SpaceX IPO, I really have to hand it to them. I thought I’d at least snag a few shares, but in the end, I didn’t get a single one.

Let’s break down the results:
All the funds I staked have been fully refunded.
Binance has basically completed the refunds.
Not a partial refund, but the entire amount returned in full.

Many people think it’s a platform issue, but that’s not the case at all.
How crazy was the SpaceX listing? They issued 555.56 million shares at $135 each, raising $75 billion, with a valuation of $1.77 trillion, instantly becoming one of the largest IPOs in U.S. history and ranking among the top market caps in the stock market post-listing.

The demand was absolutely insane. Public data shows that the SpaceX IPO was severely oversubscribed, with global funds going wild to scoop up shares, and retail and institutional orders far exceeding the issuance scale.

To put it simply: it’s not that you didn’t try to grab some. There simply weren’t any shares available. Many on-chain Pre-IPO and xStocks-related channels faced the same problem this time, with most users ending up without any actual allocations.

Several friends of mine researched for half a month in advance and even set aside funds specifically for SpaceX, but all they got in the end was a refund notice.

But I guess it was a learning experience. I used to think that nailing an IPO was all about speed, but now I realize that what really determines if you get a piece of the pie is that allocation table in the underwriter's hands. It’s not that I didn’t get lucky; I never even had a turn to sign up. 😂#SpaceX史上最大IPO上市 #SpaceX750亿美元上市 #xStocks

taohongwei:
明白了,动了根基
👊 First hard hit (and kinda unfair) for xStocks and the RWA hype. Why did folks try to scam the presale? SpaceX debuted today on Nasdaq with SPCX. The real shares surged hard at the open. Several exchanges opened subscriptions for SPCXx (tokenized via xStocks): - Binance Wallet - Bybit - Bitget - Kraken - BitMart They promised 1:1 access backed by real shares for retail crypto. The problem: Crypto demand was insane: hundreds of millions got locked up in just a few hours. But xStocks didn’t secure enough allocation from the underwriters (the banks handling the real IPO). There weren't enough real shares to tokenize → massive cancellations. They raised way more money than they could tokenize. Outcome: - Bybit, Bitget, and Binance Wallet: full refund + bonuses/airdrops for compensation. - Many users ended up with almost nothing or ridiculous amounts. - Only a few (like BitMart or the on-chain versions on Solana) delivered decent allocations. People are complaining about "scams" on X. Now, I don’t quite get the complaint because in crypto, we know and are used to presales being by allocation, and there’s usually overflow (it was oversold). As always, they deliver the allocation they could get and refund the rest. No one loses money. It’s always been this way in crypto. And it’s totally fine that they only sell what they could tokenize with 1:1 backing. It doesn’t make sense for xStocks to tokenize more than what they actually back. They won’t do that because it would break the whole RWA system. The tokenization of shares isn’t going to change how the traditional IPOs and presales operate. Sorry, but I don’t see the point in the overflow complaint. It’s a common thing in crypto and in presales. But if users are right that this wasn’t explained regarding allocation and all the marketing was about accessing the 1:1 allocation, The message was about a secure allocation, and that’s misleading communication. #xStocks #SpaceX
👊 First hard hit (and kinda unfair) for xStocks and the RWA hype.

Why did folks try to scam the presale?

SpaceX debuted today on Nasdaq with SPCX. The real shares surged hard at the open.

Several exchanges opened subscriptions for SPCXx (tokenized via xStocks):
- Binance Wallet
- Bybit
- Bitget
- Kraken
- BitMart

They promised 1:1 access backed by real shares for retail crypto.

The problem:
Crypto demand was insane: hundreds of millions got locked up in just a few hours.
But xStocks didn’t secure enough allocation from the underwriters (the banks handling the real IPO).

There weren't enough real shares to tokenize → massive cancellations.

They raised way more money than they could tokenize.

Outcome:

- Bybit, Bitget, and Binance Wallet: full refund + bonuses/airdrops for compensation.

- Many users ended up with almost nothing or ridiculous amounts.

- Only a few (like BitMart or the on-chain versions on Solana) delivered decent allocations.

People are complaining about "scams" on X.

Now, I don’t quite get the complaint because in crypto, we know and are used to presales being by allocation, and there’s usually overflow (it was oversold).

As always, they deliver the allocation they could get and refund the rest. No one loses money.

It’s always been this way in crypto.

And it’s totally fine that they only sell what they could tokenize with 1:1 backing.
It doesn’t make sense for xStocks to tokenize more than what they actually back. They won’t do that because it would break the whole RWA system.

The tokenization of shares isn’t going to change how the traditional IPOs and presales operate.

Sorry, but I don’t see the point in the overflow complaint. It’s a common thing in crypto and in presales.

But if users are right that this wasn’t explained regarding allocation and all the marketing was about accessing the 1:1 allocation,

The message was about a secure allocation, and that’s misleading communication.

#xStocks #SpaceX
Dragoncrip
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🚀 SpaceX is now trading on the stock market... and it's also a Bitcoin giant

Today, SpaceX (SPCX) debuted on Nasdaq.

Those who got in on the IPO at $135 are up +30% (trading at $175).

A blazing start 🔥

But there's another interesting story within the company's balance sheet:

SpaceX accumulated 18.712 $BTC a at an average price of $35.320
{spot}(BTCUSDT)

Today, those Bitcoins are worth approximately $1.19 billion, generating an unrealized gain of +$530 million (+80% since purchase).

In the treasury:
- Before the IPO: they represented almost 8% of their cash (~$16 billion).

- After the IPO: now they only account for 1.3% of a massive treasury of over $90 billion

A smart play by Elon and his team: having exposure to Bitcoin as a hedge while they build the future in space.

By buying the stock, you minimally expose yourself to BTC performance.

#SpaceX #Bitcoin #IPO #Musk
#spcxxipocampaignonbinancewallet 🚀 Here’s your chance to be a "shareholder" of Elon Musk's SpaceX through the Binance wallet, fam! The SPCXx IPO Campaign is open for registration to buy tokenized shares of xStocks SpaceX using USDC. Benefits: You get to inhale a bit of the wealth aroma of SpaceX (valued at 1.75 trillion USD). If things don't go your way, they’ll refund your money, no worries about losing capital. Risks: You don’t have voting rights, no dividends, and if you go short, you’ll just feel nostalgia. How to do it: Jump into the Binance Wallet, prepare a minimum of 100 USDC as a deposit before 04:00 UTC on 12/06/2026. The more Alpha Points you have, the higher your purchase limit (up to 500k USDC). This is not financial advice! Hurry up before it’s gone! $BTC $VELVET #SPCXX #BinanceWallet #xStocks
#spcxxipocampaignonbinancewallet
🚀 Here’s your chance to be a "shareholder" of Elon Musk's SpaceX through the Binance wallet, fam!
The SPCXx IPO Campaign is open for registration to buy tokenized shares of xStocks SpaceX using USDC.
Benefits: You get to inhale a bit of the wealth aroma of SpaceX (valued at 1.75 trillion USD). If things don't go your way, they’ll refund your money, no worries about losing capital.
Risks: You don’t have voting rights, no dividends, and if you go short, you’ll just feel nostalgia.
How to do it: Jump into the Binance Wallet, prepare a minimum of 100 USDC as a deposit before 04:00 UTC on 12/06/2026. The more Alpha Points you have, the higher your purchase limit (up to 500k USDC).
This is not financial advice! Hurry up before it’s gone!
$BTC $VELVET #SPCXX #BinanceWallet #xStocks
Fabio Amaya:
una acción tan inflada y la promociona que terrible
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Bullish
#spcxxipocampaignonbinancewallet 🚀 Here’s your chance to become a "shareholder" in Elon Musk's SpaceX right from your Binance wallet, folks! The SPCXx IPO Campaign is open for registering to buy tokenized shares of SpaceX via USDC. Benefits: Get a whiff of the wealth vibes from SpaceX (valued at $1.75 trillion). If it flops, you’ll get your cash back, no capital loss worries. Risks: No voting rights, no dividends, and if you miss out, well, that’s just tough luck. How to do it: Head to your Binance wallet, and prepare at least 100 USDC to stake before 04:00 UTC on 12/06/2026. The higher your Alpha Points, the bigger your buying limit (up to 500k USDC). This isn’t financial advice! Jump in before it’s too late! $BTC $VELVET #SPCXX #BinanceWallet #xStocks {future}(VELVETUSDT) {future}(BTCUSDT)
#spcxxipocampaignonbinancewallet
🚀 Here’s your chance to become a "shareholder" in Elon Musk's SpaceX right from your Binance wallet, folks!
The SPCXx IPO Campaign is open for registering to buy tokenized shares of SpaceX via USDC.
Benefits: Get a whiff of the wealth vibes from SpaceX (valued at $1.75 trillion). If it flops, you’ll get your cash back, no capital loss worries.
Risks: No voting rights, no dividends, and if you miss out, well, that’s just tough luck.
How to do it: Head to your Binance wallet, and prepare at least 100 USDC to stake before 04:00 UTC on 12/06/2026. The higher your Alpha Points, the bigger your buying limit (up to 500k USDC).
This isn’t financial advice! Jump in before it’s too late!
$BTC $VELVET #SPCXX #BinanceWallet #xStocks
MAYA_:
Thanks for information 👍
Binance Wallet is launching the SPCXx IPO Campaign, and eligible users can participate in the non-guaranteed subscription process for SpaceX tokenized shares through xStocks. Key Information: Subscription Time: Today 16:30 to June 12, 12:00 Minimum Subscription: 100 $USDC Indicative Price: 135 USDC per token (excluding fees) Underwriting Fee: 5% Implied Valuation: $1.75 trillion The allocation for this round will be distributed based on the Binance Wallet Alpha Points range, with higher points corresponding to a larger staking share. Note: This is a subscription application and does not guarantee allocation, and there are liquidity, valuation, and regulatory risks associated with tokenized stock products. For users looking to gain exposure to hot pre-IPO assets, this type of activity is worth watching, but it's best to fully understand the fees, allocations, and risks before making a move. #币安钱包 #xStocks #Alpha Points
Binance Wallet is launching the SPCXx IPO Campaign, and eligible users can participate in the non-guaranteed subscription process for SpaceX tokenized shares through xStocks.

Key Information:
Subscription Time: Today 16:30 to June 12, 12:00
Minimum Subscription: 100 $USDC
Indicative Price: 135 USDC per token (excluding fees)
Underwriting Fee: 5%
Implied Valuation: $1.75 trillion

The allocation for this round will be distributed based on the Binance Wallet Alpha Points range, with higher points corresponding to a larger staking share. Note: This is a subscription application and does not guarantee allocation, and there are liquidity, valuation, and regulatory risks associated with tokenized stock products.

For users looking to gain exposure to hot pre-IPO assets, this type of activity is worth watching, but it's best to fully understand the fees, allocations, and risks before making a move.

#币安钱包 #xStocks #Alpha Points
Verified
Article
xStocks—A Comprehensive Analysis of the Biggest Player in US Stocks on-chain# xStocks / Kraken / NASDAQ Relationship Breakdown > 2026-06-09 | Collaboration between Winston & Hermes | Source: Rhythm + WSJ --- ## Relationship Overview The biggest player in US stocks on-chain, xStocks, is launched through a strategic partnership between Kraken, Backed Finance, and the Solana Foundation (2025.5). Backed holds real stocks via SPV under the Swiss DLT legislation and mints tokens on the public chain at a 1:1 ratio. Currently, it covers over 60 blue-chip stocks and ETFs, deployed across both Solana and BNB Chain. NASDAQ signed a contract with Kraken in March 2026, planning to launch official tokenized stocks in early 2027—unlike xStocks, the NASDAQ version will include real shareholder rights such as voting and dividends.

xStocks—A Comprehensive Analysis of the Biggest Player in US Stocks on-chain

# xStocks / Kraken / NASDAQ Relationship Breakdown
> 2026-06-09 | Collaboration between Winston & Hermes | Source: Rhythm + WSJ
---
## Relationship Overview
The biggest player in US stocks on-chain, xStocks, is launched through a strategic partnership between Kraken, Backed Finance, and the Solana Foundation (2025.5). Backed holds real stocks via SPV under the Swiss DLT legislation and mints tokens on the public chain at a 1:1 ratio. Currently, it covers over 60 blue-chip stocks and ETFs, deployed across both Solana and BNB Chain.
NASDAQ signed a contract with Kraken in March 2026, planning to launch official tokenized stocks in early 2027—unlike xStocks, the NASDAQ version will include real shareholder rights such as voting and dividends.
#Xstocks 110k, bought a little (just personal record, don't follow) 0x03402101bf9aeb273e51ec60b8e9f83c644f4444 {web3_wallet_create}(560x03402101bf9aeb273e51ec60b8e9f83c644f4444) Reasons for buying 1. Good narrative, Binance concept, Binance launching a tokenized US stock tomorrow 2. Low market cap, new token hit 110k, jumped in for a bit, solid chip structure, has a few whales 3. Promotion is decent, over 500 holders, community of over 300, retail and whales in the Chinese-speaking area are promoting @binancezh #跟着锦鲤学打百倍金狗 Follow the Web3 Koi Diary, the coin bought is expected to tenfold
#Xstocks 110k, bought a little (just personal record, don't follow)

0x03402101bf9aeb273e51ec60b8e9f83c644f4444

Reasons for buying

1. Good narrative, Binance concept, Binance launching a tokenized US stock tomorrow

2. Low market cap, new token hit 110k, jumped in for a bit, solid chip structure, has a few whales

3. Promotion is decent, over 500 holders, community of over 300, retail and whales in the Chinese-speaking area are promoting

@币安Binance华语 #跟着锦鲤学打百倍金狗

Follow the Web3 Koi Diary, the coin bought is expected to tenfold
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xStocks on STON.fi Why This Narrative Matters for DeFi DeFi isn’t just about tokens anymore… it’s about access to real-world value on-chain. That’s where xStocks come in. 👇 xStocks bring exposure to traditional assets into DeFi allowing users to interact with stock-like value directly on-chain, without leaving the ecosystem. Why this matters: • Bridges TradFi & DeFi → expands what users can invest in • More diversification → build stronger, balanced portfolios • New liquidity flows → attracts a different class of capital • On-chain accessibility → faster, cheaper, and permissionless On STON.fi, this becomes even more powerful: Low fees + fast execution + deep liquidity = a seamless way to trade and manage xStocks. This isn’t just a new feature… it’s a shift toward a more complete financial system on-chain. The future of DeFi isn’t isolated it’s integrated. @ston_fi #STON.fi #defi #xStocks #TON #Web3
xStocks on STON.fi Why This Narrative Matters for DeFi

DeFi isn’t just about tokens anymore…
it’s about access to real-world value on-chain.

That’s where xStocks come in. 👇

xStocks bring exposure to traditional assets into DeFi allowing users to interact with stock-like value directly on-chain, without leaving the ecosystem.

Why this matters:

• Bridges TradFi & DeFi → expands what users can invest in
• More diversification → build stronger, balanced portfolios
• New liquidity flows → attracts a different class of capital
• On-chain accessibility → faster, cheaper, and permissionless

On STON.fi, this becomes even more powerful:
Low fees + fast execution + deep liquidity = a seamless way to trade and manage xStocks.

This isn’t just a new feature…
it’s a shift toward a more complete financial system on-chain.

The future of DeFi isn’t isolated it’s integrated. @ston_fi

#STON.fi #defi #xStocks #TON #Web3
🔮 #USDC PiggyBank liquidates its coverage of $LAB and records a drop in net asset value of up to 15% PiggyBank has closed its LAB coverage due to extreme volatility and negative funding rates, making the position unsustainable. The protocol anticipates drops of around 15% for its USDC vault, 12% for SPYx, and 9% for JitoSOL, while excluding its locked LAB holdings from the net asset value until they unlock in August. ZachXBT criticized the strategy for exposing user funds to a highly speculative asset. 🚀 #ETH #BTC PlanB: The ETH/BTC pair has returned to 2016 levels after a decade Bitcoin analyst PlanB pointed out that ETH is currently trading around 0.026 BTC, roughly the same level as in March 2016. This implies that Ethereum has underperformed Bitcoin over the last decade. He also argued that ETH did not manage to achieve a significant bullish rally in the ETH/BTC market during the 2023-2024 cycle, unlike in 2017 and 2021. 💰 #BTC Michael Saylor hints at a strategy to buy more bitcoins. 🚀 Garrett Jin just closed his short position on $ZEC with profits of $11.24 million! <a>link</a> 📊🤔 #BTC Since Bitcoin's peak of $126,000, this is already the third time that the STH supply ratio has reached the threshold of 95% losses. It's an unpleasant situation, similar to the pain cycles of 2022 according to this indicator. Hope, and then back to pain. The process of BTC bottoming continues. 🗣 $COIN Byb1t launches IPO Express and opens subscription to SpaceX's tokenized IPO through xStocks Byb1t has launched IPO Express, an on-chain stock offering product, and has presented a subscription to SpaceX's tokenized IPO in collaboration with xStocks. Spot trading is expected to begin on June 12. #ballenas #InvestSmart #xStocks #InversiónCripto #analysis
🔮 #USDC PiggyBank liquidates its coverage of $LAB and records a drop in net asset value of up to 15%

PiggyBank has closed its LAB coverage due to extreme volatility and negative funding rates, making the position unsustainable. The protocol anticipates drops of around 15% for its USDC vault, 12% for SPYx, and 9% for JitoSOL, while excluding its locked LAB holdings from the net asset value until they unlock in August. ZachXBT criticized the strategy for exposing user funds to a highly speculative asset.

🚀 #ETH #BTC PlanB: The ETH/BTC pair has returned to 2016 levels after a decade

Bitcoin analyst PlanB pointed out that ETH is currently trading around 0.026 BTC, roughly the same level as in March 2016. This implies that Ethereum has underperformed Bitcoin over the last decade. He also argued that ETH did not manage to achieve a significant bullish rally in the ETH/BTC market during the 2023-2024 cycle, unlike in 2017 and 2021.

💰 #BTC Michael Saylor hints at a strategy to buy more bitcoins.

🚀 Garrett Jin just closed his short position on $ZEC with profits of $11.24 million! <a>link</a>

📊🤔 #BTC Since Bitcoin's peak of $126,000, this is already the third time that the STH supply ratio has reached the threshold of 95% losses.

It's an unpleasant situation, similar to the pain cycles of 2022 according to this indicator. Hope, and then back to pain. The process of BTC bottoming continues.

🗣 $COIN Byb1t launches IPO Express and opens subscription to SpaceX's tokenized IPO through xStocks

Byb1t has launched IPO Express, an on-chain stock offering product, and has presented a subscription to SpaceX's tokenized IPO in collaboration with xStocks. Spot trading is expected to begin on June 12.

#ballenas #InvestSmart #xStocks #InversiónCripto #analysis
Verified
Let me break it down for everyone. Today, SpaceX officially listed on NASDAQ, ticker $SPCX , making it the largest IPO in history—556 million shares at $135 each, raising $75 billion with a valuation of $1.77 trillion. Right off the bat, it's now the seventh largest company in US stocks, even surpassing Tesla. The issue lies in the new listing side: the global demand is just insane, with total subscriptions exceeding $250 billion, more than three times oversubscribed. However, the IPO allocation is at the discretion of the underwriters, not something the platform can control—this time, the underwriters provided severely insufficient Pre-IPO allocations on-chain, leading to issues with xStocks' supply, and all exchanges faced shortages during the new listing, resulting in basically zero fills: orders went unfilled and the subscription funds were returned in full. Regarding refunds, make sure to check your accounts: this is a full, zero-fee refund, not just for the unfilled portions but for the entire amount, and #币安 has already been refunded, so cross-check your received amounts. There's also something very important that’s easily overlooked—if you hedged for this new listing (like opening a short elsewhere), and now you didn’t get a single share, your hedge goes from "hedged" to a 100% naked position, which is a one-sided risk. You must check and close those positions immediately; don’t let your hedge turn against you. Honestly, I’m quite disappointed with this outcome myself. The demand before listing was through the roof, expectations were sky-high, and I thought I’d get a decent share, but in the end, I didn’t get anything. That’s the nature of new listings: the crazier the demand, the scarcer the allocations. This serves as a wake-up call for everyone—whether you can get the goods has never been about the platform but rather on that allocation sheet in the hands of the underwriters. #SpaceX史上最大IPO上市 #SpaceX750亿美元上市 #xStocks {future}(SPCXUSDT)
Let me break it down for everyone. Today, SpaceX officially listed on NASDAQ, ticker $SPCX , making it the largest IPO in history—556 million shares at $135 each, raising $75 billion with a valuation of $1.77 trillion. Right off the bat, it's now the seventh largest company in US stocks, even surpassing Tesla. The issue lies in the new listing side: the global demand is just insane, with total subscriptions exceeding $250 billion, more than three times oversubscribed. However, the IPO allocation is at the discretion of the underwriters, not something the platform can control—this time, the underwriters provided severely insufficient Pre-IPO allocations on-chain, leading to issues with xStocks' supply, and all exchanges faced shortages during the new listing, resulting in basically zero fills: orders went unfilled and the subscription funds were returned in full.

Regarding refunds, make sure to check your accounts: this is a full, zero-fee refund, not just for the unfilled portions but for the entire amount, and #币安 has already been refunded, so cross-check your received amounts.

There's also something very important that’s easily overlooked—if you hedged for this new listing (like opening a short elsewhere), and now you didn’t get a single share, your hedge goes from "hedged" to a 100% naked position, which is a one-sided risk. You must check and close those positions immediately; don’t let your hedge turn against you.

Honestly, I’m quite disappointed with this outcome myself. The demand before listing was through the roof, expectations were sky-high, and I thought I’d get a decent share, but in the end, I didn’t get anything. That’s the nature of new listings: the crazier the demand, the scarcer the allocations. This serves as a wake-up call for everyone—whether you can get the goods has never been about the platform but rather on that allocation sheet in the hands of the underwriters.
#SpaceX史上最大IPO上市 #SpaceX750亿美元上市 #xStocks
Jeffrey McCole:
ETH
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The SpaceX Scandal: Why are Binance, Kraken, and Bybit Cancelling Listings and Refunding Millions?An unprecedented corporate collapse is unfolding in the crypto market, tied to the tokenized stocks of Elon Musk's space giant — SpaceX (SPCX). While retail traders are trying to make sense of the perpetual futures chart for SPCXUSDT on Binance (currently fluctuating around $164.46), behind the scenes at major exchanges, panic cancellations of campaigns and mass refunds to users are happening.

The SpaceX Scandal: Why are Binance, Kraken, and Bybit Cancelling Listings and Refunding Millions?

An unprecedented corporate collapse is unfolding in the crypto market, tied to the tokenized stocks of Elon Musk's space giant — SpaceX (SPCX). While retail traders are trying to make sense of the perpetual futures chart for SPCXUSDT on Binance (currently fluctuating around $164.46), behind the scenes at major exchanges, panic cancellations of campaigns and mass refunds to users are happening.
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💰 Binance Wallet launches the first IPO of SPCXx token from xStocks 📌 Participation via the Alpha Points system: • 0+ AP → up to 20,000 USDC • 40+ AP → up to 100,000 USDC • 100+ AP → up to 200,000 USDC • 200+ AP → up to 500,000 USDC 🔹 Minimum subscription: 100 USDC 🔹 Estimated price: $135 per SPCXx (excluding fees) 🔹 Fee: 5% 🔹 Expected valuation for SpaceX: $1.75 trillion 📅 Subscription: June 11 00:00 UTC — June 12 04:00 UTC ⚠️ Final token distribution will be announced later. For detailed information, check [посиланням](https://www.binance.com/en/support/announcement/detail/d87800f67afd4f31967a34f358728e40) #Binance #SPCXx #xStocks #AlphaPoints #Crypto
💰 Binance Wallet launches the first IPO of SPCXx token from xStocks

📌 Participation via the Alpha Points system:
• 0+ AP → up to 20,000 USDC
• 40+ AP → up to 100,000 USDC
• 100+ AP → up to 200,000 USDC
• 200+ AP → up to 500,000 USDC

🔹 Minimum subscription: 100 USDC
🔹 Estimated price: $135 per SPCXx (excluding fees)
🔹 Fee: 5%
🔹 Expected valuation for SpaceX: $1.75 trillion

📅 Subscription: June 11 00:00 UTC — June 12 04:00 UTC

⚠️ Final token distribution will be announced later.

For detailed information, check посиланням

#Binance #SPCXx #xStocks #AlphaPoints #Crypto
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#genius $GENIUS Sometimes, the future intentions of a project are often hidden in its latest moves. When I saw the partnership between Genius and xStocks, my first reaction wasn’t just about the addition of a few stock symbols, but rather that its positioning is changing. From privacy trading to aggregated trading, and now introducing tokenized stocks, the types of assets that Genius is connecting are becoming increasingly diverse. This brings to mind a question. In the future, will competition on-chain really just be between trading tools? I think not necessarily. As more assets enter the chain, the real value may not lie in any single product, but rather in the gateways for users to access these assets. Traditional financial assets like Apple, Google, and Tesla are starting to appear on-chain in new forms, essentially bridging two previously independent worlds. Many see new trading choices. But I’m more focused on another thing: @GeniusOfficial Genius is gradually evolving from a trading tool into a bridge connecting on-chain liquidity with real-world assets. If this trend continues, it might not just be competing for the trading market in the future, but also for being the first stop for users entering the on-chain asset world. #GENIUS #xStocks #RWA #DeFi
#genius $GENIUS Sometimes, the future intentions of a project are often hidden in its latest moves.

When I saw the partnership between Genius and xStocks, my first reaction wasn’t just about the addition of a few stock symbols, but rather that its positioning is changing.

From privacy trading to aggregated trading, and now introducing tokenized stocks, the types of assets that Genius is connecting are becoming increasingly diverse.

This brings to mind a question.

In the future, will competition on-chain really just be between trading tools?

I think not necessarily.

As more assets enter the chain, the real value may not lie in any single product, but rather in the gateways for users to access these assets.

Traditional financial assets like Apple, Google, and Tesla are starting to appear on-chain in new forms, essentially bridging two previously independent worlds.

Many see new trading choices.

But I’m more focused on another thing: @GeniusOfficial

Genius is gradually evolving from a trading tool into a bridge connecting on-chain liquidity with real-world assets.

If this trend continues, it might not just be competing for the trading market in the future, but also for being the first stop for users entering the on-chain asset world.

#GENIUS #xStocks #RWA #DeFi
0002030:
Научишь?)))
Huge news! Tonkeeper just integrated xPoints directly into the wallet. If you’re holding xStocks, you can finally track your rewards without leaving the app. It’s super clean and saves so much time! 💎🔥 $TON #xStocks #rsshanto #TON {future}(TONUSDT)
Huge news!

Tonkeeper just integrated xPoints directly into the wallet.

If you’re holding xStocks, you can finally track your rewards without leaving the app.

It’s super clean and saves so much time! 💎🔥

$TON #xStocks #rsshanto #TON
🚀 xStocks Launches on @BNBCHAIN! 🚀 Exciting news! Over 50 tokenized stocks and ETFs are now live on one of the world’s largest and most active blockchain ecosystems – @BNB_Chain 💥 With 100+ more on the way in the coming weeks, experience seamless access to a diverse range of global assets, all on-chain. 🌐 Join the revolution in decentralized finance and start trading tokenized stocks and ETFs today! 📈 #BNBCHAIN #xStocks #TokenizedAssets #cryptotrading #BlockchainRevolution
🚀 xStocks Launches on @BNBCHAIN! 🚀

Exciting news! Over 50 tokenized stocks and ETFs are now live on one of the world’s largest and most active blockchain ecosystems – @BNB Chain 💥

With 100+ more on the way in the coming weeks, experience seamless access to a diverse range of global assets, all on-chain. 🌐

Join the revolution in decentralized finance and start trading tokenized stocks and ETFs today! 📈

#BNBCHAIN #xStocks #TokenizedAssets #cryptotrading #BlockchainRevolution
🚀 Big Move in Web3 Finance The Mantle Ecosystem is stepping into a new era with the launch of its tokenized stock protocol — XStocks 📊 This could be a game changer 👀 📈 Bringing traditional equities on-chain 🌐 Expanding access to global markets ⚡ Blending DeFi with real-world assets The line between crypto and traditional finance is getting thinner every day. Early builders innovate. Early users benefit. #Mantle #XStocks #RWA #DeFi #Crypto #Web3 🚀$MANTA {spot}(MANTAUSDT) $RWA {alpha}(560x9c8b5ca345247396bdfac0395638ca9045c6586e) $DEFI
🚀 Big Move in Web3 Finance
The Mantle Ecosystem is stepping into a new era with the launch of its tokenized stock protocol — XStocks 📊
This could be a game changer 👀
📈 Bringing traditional equities on-chain
🌐 Expanding access to global markets
⚡ Blending DeFi with real-world assets
The line between crypto and traditional finance is getting thinner every day.
Early builders innovate. Early users benefit.
#Mantle #XStocks #RWA #DeFi #Crypto #Web3 🚀$MANTA
$RWA
$DEFI
#xStocks is now available at #BNBCHAIN Over 50 assets and #ETF that have been tokenized can now be accessed in one of the largest and most active ecosystems #blockchain in the world, with more than 100 others set to drop in the coming weeks. $BNB {future}(BNBUSDT)
#xStocks is now available at #BNBCHAIN

Over 50 assets and #ETF that have been tokenized can now be accessed in one of the largest and most active ecosystems #blockchain in the world, with more than 100 others set to drop in the coming weeks.

$BNB
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