BlackRock (NYSE: BLK), led by Larry Fink, is seeking to purchase at least $5 billion in SpaceX shares ahead of the company's trading debut expected as soon as tomorrow. SpaceX said it sold the full 555,555,555-share IPO at $135 per share for an implied valuation of about $1.77 trillion, while retail orders topped $70 billion and Polymarket traders are pricing in high odds of a $1.8T–$2T market cap.

Crypto trading activity across major non-stablecoin assets has slipped to levels last seen in 2024, according to Santiment's June 11 post on X. CoinGecko data shows Bitcoin's 24-hour volume at about $30 billion, down almost 20% day over day, while Ethereum fell 1.40% and BNB dropped 10%. Santiment said the pullback in participation can sometimes precede a relief rally if confidence and inflows return.

SpaceX priced its IPO at $135 per share on Thursday, aiming to raise $75 billion and implying a valuation near $1.77 trillion. The company has sold 555.56 million shares and is scheduled to begin trading on the Nasdaq on Friday, with about 30% of the deal allocated to retail investors.

LG Electronics is building a proprietary blockchain network with Arbitrum to automate parts of the programmatic advertising market. The system is designed to use an onchain database for ad inventory and verified engagement records, with the aim of reducing fraud across LG Ad Solutions' reach of about 216 million smart TVs worldwide. After a pilot with an unnamed Japanese advertising agency, LG plans a broader commercial evaluation later in 2026.

A U.S. government-linked wallet moved 98,590 LINK (about $768,000) to Coinbase Prime, reviving concerns about possible sell-side distribution even as LINK held support. LINK was trading near $7.78 after bouncing from around $7.34, while Binance positioning stayed long-heavy with a 2.61 long/short ratio and 72.31% of accounts long. Shorts absorbed most liquidation pressure in the latest session, with roughly $57,270 in short liquidations versus about $5,040 for longs.

On Wednesday, June 10, crypto ETF flows were mixed as bitcoin and ether ETFs recorded net outflows totaling $249.44 million. Bitcoin ETFs saw $213.85 million leave, while ether ETFs lost $35.59 million, even as HYPE ETFs took in $2.78 million and XRP ETFs added $1.19 million. Solana ETFs reported no trading activity for the session.

Bitcoin moved above $63,600 on 11 June 2026 after President Donald Trump said in the Oval Office that the U.S. had reached a settlement with Iran, pending "finalization of documents." The total crypto market cap rose to $2.18T (+2.68%), while $361.18M in derivatives positions were liquidated over 24 hours, led by $198.31M in shorts.

Coinbase CEO Brian Armstrong said the recent CFTC approval for U.S. crypto perpetual futures could link U.S. and overseas markets, creating pooled liquidity and stronger network effects. He also claimed U.S. users make up a major share of global perp activity, with VPN access to non-KYC venues contributing to volume that reached $7 trillion last year. Data cited in the report showed offshore exchanges still lead, while Coinbase and Hyperliquid posted $10B and $11B in perp volume, respectively.