Elon Musk's SpaceX begins trading on Wall Street today following a record $75 billion initial public offering. The deal prices 555,555,555 Class A shares at $135.00 each, valuing the company at $1.77 trillion. Underwriters have an option to purchase an additional 83.3 million shares, which could raise the IPO size to about $86 billion.

Chainalysis reported on June 11 that an international law enforcement effort dismantled AudiA6, a laundering service it links to ransomware actors and darknet activity. The firm said AudiA6 processed about 10,333 BTC since launching in 2021, historically valued at roughly $389 million, and allegedly relied on more than 6,000 KYC-verified mule accounts plus exchange infrastructure.

Bitcoin climbed from $61,100 to above $63,400 on June 11, a roughly 3% move tied to risk-on sentiment after President Trump said the U.S. stepped back from planned Iran strikes and a peace memo could be signed as early as this weekend. The rally came while spot Bitcoin ETFs logged 13 straight sessions of outflows totaling $4.4 billion, with markets also focused on the Federal Reserve's June 16–17 meeting and a 98% probability of a rate hold.

Avalanche Treasury Co. (Nasdaq: AVAT) fell 38.13% in its first trading session on June 11, ending at $1.85 after opening from a $2.99 reference price. The company began trading with nearly 15 million AVAX and says it aims to build value via staking, validator operations, and investments across the Avalanche ecosystem.

XRP’s weighted sentiment has dropped to its weakest level since October 2025 as the token slid toward $1.10. XRP was recently near $1.13 and is down about 38% in 2026, while liquidations reached about $25.64 million over 24 hours with roughly 96% from longs. Santiment noted that extreme disinterest has sometimes preceded sharp rebounds, though it said sentiment alone cannot confirm a reversal.

BlackRock moved closer to launching its iShares Bitcoin Premium Income ETF (ticker: BITA) after filing Form 8-A with the SEC on June 11. The prospectus lists a 0.65% sponsor fee and a seed portfolio that includes 109.96 BTC and 90,901 IBIT shares, with the strategy designed to sell covered calls to seek monthly income. A Bloomberg ETF analyst said the filing often precedes a launch within about a week, placing June 18 as a possible start date, though not guaranteed.

SpaceX began trading on the Nasdaq Global Select Market on June 12 under ticker SPCX after setting its IPO price at $135 per share and an implied valuation of about $75 billion. The deal includes 555,555,555 Class A shares and an underwriter option for up to 83,333,333 more shares, with the offering slated to close on June 15. The listing has also been watched by crypto investors amid ETF outflows and broader market drawdowns around key IPO milestones.

A US government-linked wallet transferred 98,590 LINK (about $768,000) to Coinbase Prime, prompting renewed market anxiety about potential selling. The funds trace back to assets seized during the 2022 FTX/Alameda collapse, while some observers argue Coinbase Prime use may point to custody or structured execution rather than an immediate open-market dump.