SpaceX’s IPO hype may fuel a strong debut, but history shows richly valued listings often struggle after the first-day pop fades. SpaceX’s IPO is already spilling into crypto markets, where one whale has opened a $22.3 million leveraged long on SPCX, a synthetic pre-IPO perpetual contract tied to Elon Musk’s aerospace company. Key takeaways: The whale's position, visible on data resource Hypurrscan, shows the trader holding a 2x isolated long on "xyz:SPCX" worth about $22.29 million. Read more
FIFA and the FBI warned of ticket scams as TRM Labs identified World Cup-themed crypto fraud operations tied to multiple wallet addresses. TRM Labs warned that crypto scammers are targeting FIFA World Cup fans through fake ticketing sites, fixed-match betting schemes and event-themed crypto promotions. The blockchain intelligence company said it identified several World Cup-related scam operations, including two fake-ticketing sites and one fixed-match betting pitch tied to four crypto addresses. “Criminals always look to exploit major events and cultural moments and they don’t wait until kickoff,” Ari Redbord, global head of policy at TRM Labs, told Cointelegraph. “Scammers build and position their infrastructure weeks in advance, then scale it the moment public attention peaks.” Read more
Eleven countries were involved in the joint operation that ended the AudiA6 crypto laundering ring and Dark2Web marketplace. An international law enforcement operation among 11 countries has shut down AudiA6, a money laundering ring that processed over 336 million euros ($390 million) in illicit funds between 2022 and 2025. On Wednesday, authorities arrested two administrators, Russian and Ukrainian nationals, in Georgia, seized 25 domains and more than 30 servers and 80 vehicles and froze roughly $900,000 in cryptocurrency, the European Union Agency for Criminal Justice Cooperation (Eurojust) said Thursday. The AudiA6 “mixer-as-a-service” was used by cybercriminals involved in ransomware attacks to cash out stolen crypto and conceal the movement of illicit funds from authorities by offering to “clean” crypto within about an hour for a 3% to 10% commission. Read more
The launch comes as tokenized equities surge in popularity, with crypto exchanges and wallets racing to offer onchain access to stocks and pre-IPO companies. Exodus has launched a marketplace for tokenized assets through a partnership with Ondo Finance, allowing eligible users to trade more than 200 tokenized stocks, ETFs and other real-world assets on Solana directly from the crypto wallet. The company said Exodus Markets is available in select markets and that users can access the service by updating to the latest version of the app. Tokenized assets do not represent ownership of the underlying securities and do not provide shareholder rights, according to the announcement. Cointelegraph contacted Exodus to determine which jurisdictions are eligible for Exodus Markets but had not received a response by the time of publication. Read more
The acquisition follows leadership changes and layoffs at Messari and adds one of crypto's largest data and analytics platforms to Blockworks' growing research business. Crypto data and media company Blockworks has acquired analytics firm Messari for more than $10 million, according to a Wall Street Journal report. Messari is a crypto research and analytics company backed by investors including Brevan Howard Digital and Point72 Ventures. The company raised $35 million in a Series B funding round in 2022 that valued it at around $300 million. Source: Messari Read more
Galaxy’s Alex Thorn says a plan to scrap rules on stock orders and quotes would remove a major barrier to tokenized stocks trading on decentralized platforms. The US Securities and Exchange Commission proposal to rescind rules around order protections and price quotes could remove a major legal barrier for tokenized US stocks. The SEC on Thursday proposed to scrap two rules in its national market system regulations. Rule 611 that bans “trade-throughs,” where a stock order on one exchange can’t be for a worse price than on another, and Rule 610(e) banning exchanges from displaying a bid at the same or higher price than what is available elsewhere. Galaxy head of research Alex Thorn said the proposal is “one of the biggest unlocks yet for tokenized stocks” as it would remove “one of the biggest structural barriers to tokenized US equities trading in DeFi.” Read more