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SpaceX IPO demand tops $250B as crypto and tech sell off
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June 10, 2026
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Your Daily Digest of the 🔥Hottest News in Crypto.
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Today’s top stories
🇪🇺 EU sanctions push targets 11 crypto platforms accused of helping Russia evade restrictions
🚀 SpaceX IPO demand nears four times the planned raise, draining liquidity from crypto and tech
🤖 Anthropic’s Claude Mythos launch sparks concern over cheaper crypto exploit discovery
📰 Keep reading for all of today’s biggest headlines
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EU proposes ban on 11 crypto platforms in Russia sanctions push
The European Union has proposed banning transactions on 11 crypto platforms as part of its 21st sanctions package against Russia, widening its restrictions beyond banks, oil traders and defense-linked entities into crypto services. EU foreign policy chief Kaja Kallas said the bloc would tighten its ban on crypto-asset services involving certain third countries, while European Commission President Ursula von der Leyen said the package also targets 31 additional Russian banks and 20 entities in third countries, including crypto platforms. The Commission has not publicly named the 11 platforms, and the move follows the UK’s recent sanctions against Huobi Global S.A., the Panamanian entity behind HTX, over alleged support for Russia-linked financial networks — allegations HTX has denied.
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SpaceX IPO nears 4 times oversubscribed, squeezing crypto and tech
SpaceX’s planned public listing has reportedly attracted more than $250 billion in investor demand against a planned $75 billion raise, putting the offering close to four times oversubscribed and implying a $1.8 trillion valuation. Analysts quoted by Cointelegraph said the deal may be causing a “pre-mega-IPO liquidity squeeze,” with investors selling crypto and tech exposure to free up capital ahead of pricing. Crypto markets have shed more than $180 billion over the past week, while exchanges including Binance, Coinbase, Kraken and Bybit have rushed to list SpaceX pre-IPO perpetual futures; Binance’s product has already generated $2.1 billion in cumulative volume in 18 days, while Hyperliquid has seen over $70 million in 24-hour volume and more than $115 million in open interest.
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Proof of Talk 2026 brings 2,500 industry leaders to the Louvre
Proof of Talk 2026 turned the Louvre into a stage for major institutional announcements. Citi unveiled its Tokenization 2030 report, while Euroclear confirmed plans to bring Europe’s €300 billion commercial paper market onchain and Franklin Templeton announced a partnership with MoonPay.
Secure priority access to Proof of Talk 2027 here.
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Crypto users wary as Anthropic releases Claude Mythos with safeguards
Anthropic has released the first public version of Claude Mythos, called Fable 5, despite concerns from crypto users that the model could lower the cost of finding exploitable flaws in smart contracts. Anthropic says the model has safeguards and reroutes some cybersecurity-related requests to another model, Claude Opus 4.8, but the launch follows the company’s claim that Mythos found more than 10,000 high- or critical-severity vulnerabilities in systemically important software. Moonrock Capital founder Simon Dedic warned that unaudited protocols could become “sitting ducks,” while Curve Finance co-founder Michael Egorov argued the risk may be overstated for DeFi code itself and more likely to hit OpSec, multisig key management and frontend supply chains.
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MARKETS
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Bitcoin may act as a ‘canary in the coal mine’ as risk-off pressure spreads: Bitwise
Bitwise says Bitcoin’s latest correction may be less a crypto-specific breakdown and more an early signal of broader risk-off pressure across markets. The firm argues that BTC often reacts first to liquidity and financial-condition shifts because it trades continuously and sits at the front of the risk curve. Bitcoin and Ether recently hit cycle lows of $58,000 and $1,507, respectively, while the Nasdaq posted its steepest daily decline in months and South Korea’s KOSPI triggered a trading halt after a semiconductor-led sell-off. Bitwise also pointed to elevated global liquidity and stablecoin reserves as potential dry powder: Global M2 sits around $122.6 trillion, while exchange stablecoin reserves are near $72 billion, led by $57.7 billion in USDT and $12 billion in USDC.
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