On June 3, US spot Bitcoin and Ether ETFs recorded a combined $609.3M net outflow in one session as Bitcoin fell to $65,700 and Ether slipped below $1,900. The two-day June tally has surpassed $1Bn in Bitcoin ETF outflows, with BlackRock's iShares Bitcoin Trust seeing $388.6M withdrawn and spot Ether ETFs posting $90.2M of redemptions.

Payward, the parent of Kraken, says it will roll out a way for Kraken users and selected xStocks partners to access tokenized allocations of U.S.-listed IPOs at the offering price in the coming weeks. Users will be able to submit a pre-listing indication of interest, then receive tokenized shares on listing day, with the tokens backed 1:1 by the underlying stock.

Simultaneous wars in Ukraine and Iran have tightened tungsten availability for U.S. munitions and industrial uses, with effects expected to persist even if shipping routes normalize. China controls up to 80% of global tungsten supply and tightened exports in February 2025, while projects such as Cove Kaz Capital's Kazakhstan mine and Almonty's Sangdong restart in South Korea are positioned as alternative sources amid rising U.S. demand into the 2030s.

In Q1 2026, the overall crypto market capitalization declined by nearly 20% and briefly dipped below $2.5 trillion, alongside more than $15.7 billion in liquidations. Bitcoin ended the quarter down 22.6% and Ethereum fell 35% to $1,820 at its February 6 low, while stablecoins hit a record $316.4 billion and RWA tokenization grew 38% to above $20 billion.

SpaceX is seeking underwriting fees below 0.75% for an IPO that aims to raise about $75 billion, a structure that would still leave banks expecting roughly $500 million in total fees. The Nasdaq roadshow is set to start on June 4, with pricing planned for June 11 and a targeted listing on June 12 under ticker SPCX.

The 2026 IPO calendar is being framed as similar to crypto token launches, with SpaceX, OpenAI and Anthropic expected to come to market at aggressive valuations and limited free floats. Analyst Thomas Tunguz estimates the trio could be valued at up to $3B in total, implying $432B–$576B in capital needs if floated at 20%. SpaceX’s filing also outlines potential early share-release conditions and faster index-inclusion pathways that could broaden participation from pension-fund liquidity.

Marvell Technology (MRVL) exploded 32.52% today to $290.79 following massive AI endorsements. Discover what Marvell does, the drivers behind today’s rally, the 2026 price outlook, and why traders are turning to BingX.

Lumentum Holdings Inc (LITE) surged 13.72% today to $1,029.15 amidst heavy buying volume. Discover what Lumentum does, the drivers behind today’s rally, the 2026 price outlook, and why traders are turning to BingX.