BlockBeats reported on April 25 that market analysis points to SpaceX targeting a June IPO, seeking to raise $75 billion at an implied valuation of $1.75 trillion. If completed, it would rank among the largest public offerings on record. The report adds that potential IPOs from OpenAI and Anthropic could arrive this year as well. Taken together, the three listings are projected to raise more than $240 billion by the second half of 2026, exceeding the combined proceeds of all U.S. venture-backed IPOs since 2000. Analysts say crypto assets and tech equities draw from the same "risk-on" capital base, meaning a mega-IPO could prompt portfolio rebalancing and tighten liquidity for Bitcoin and the broader crypto market. About 30% of SpaceX shares are expected to be allocated to retail investors (roughly $22 billion), potentially absorbing funds that might otherwise have flowed into Bitcoin and altcoins. SpaceX is also estimated to hold about 8,285 BTC (around $600 million). Its flotation would mark the first time a "super unicorn" goes public while holding a sizable Bitcoin position. Markets are expected to watch Bitcoin closely during the May–June roadshow. A pullback could signal liquidity being drawn away, while continued strength may suggest spot ETF inflows have started to decouple from traditional market dynamics.

ETF flows snapshot for April 25 shows net inflows into spot ETFs tracking BTC, ETH and XRP, while spot SOL ETFs recorded net outflows. Net flows: $BTC $14.4M; $ETH $23.4M; $SOL -$1.1M; $XRP $6.44M.

Bitget said it will delist 22 spot trading pairs on April 30, 2026, following a routine exchange review. Users will be able to withdraw related assets until July 30.

ETF FLOWS: Spot BTC, ETH and XRP ETFs recorded net inflows on Apr. 25, while spot SOL ETFs posted net outflows. BTC: $14.4M; ETH: $23.4M; SOL: $1.1M; XRP: $6.44M.

The total cryptocurrency market added $310 billion in market value over the past four weeks.

Odaily Planet Daily reported that NVIDIA shares climbed more than 4% at the April 24 U.S. market close, lifting the company's market capitalization back above $5 trillion. It was the first time in nearly six months—since late October last year—that NVIDIA has cleared the $5 trillion threshold. The move comes as AI adoption continues to accelerate. A Stanford University report released last week said AI is spreading at an unprecedented pace, with generative AI adoption reaching 53%—faster than the adoption curves seen for personal computers and the internet. At the same time, DeepSeek has introduced its new DeepSeekV4 model, featuring a one million-token context window. The company said the model leads domestically and within the open-source community in agent capabilities, world knowledge, and reasoning performance. DeepSeekV4 was developed in collaboration with Huawei's Ascend platform. By working with domestic compute providers and optimizing performance, such models are expected to support broader adoption of domestic computing infrastructure, creating a competitive challenge to NVIDIA, according to Yicai.

Onchain analyst Ember (@EmberCN) said the attacker behind the Balancer exploit last November, which netted roughly $98 million in assets, has kept rotating funds from ETH into BTC using THORChain. So far, the wallet has exchanged 14,300 ETH for 419.3 BTC, worth about $32.51 million. The hacker is currently holding 7,700 ETH on Ethereum and 419.3 BTC on Bitcoin, with a combined value of around $50.4 million. With ETH down from about $3,600 at the time of the theft, the value of the remaining holdings has nearly halved from the original $98 million haul.

Polish crypto exchange Zondacrypto is facing a deepening crisis after reports that CEO Przemysław Kral has left for Israel, where his Israeli citizenship could complicate any extradition effort, according to Onet. The exchange is said to be nearing bankruptcy, with roughly 99% of its Bitcoin reserves unaccounted for. Kral has stated that about 4,500 BTC cannot be accessed because the private keys are held by founder Sylwester Suszek, who has been missing since 2022 and is believed by prosecutors to have been killed. Zondacrypto has halted withdrawals and its management team has resigned. Polish authorities have opened criminal and financial probes. Total losses are estimated to exceed $100 million.

Markets are now pricing in expectations that the Federal Reserve will keep interest rates unchanged until at least September 2027.