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SpaceX’s Historic IPO Just Made Elon Musk the World’s First Trillionaire

SpaceX shares were up another 10% in pre-market trading on Tuesday, extending a rally that has now seen the stock surge approximately 50% since the company listed on the Nasdaq last Friday. The IPO was already the largest in stock market history, raising $75 billion at launch. On Monday, SpaceX exercised an option to sell additional shares, taking total proceeds to $85.7 billion.

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Bank of Japan Just Hit Its Highest Interest Rate in 31 Years

The Bank of Japan raised its short-term policy rate by 0.25 percentage points to approximately 1% on Tuesday, bringing borrowing costs to their highest level since 1995. The move was widely expected and marks what analysts describe as a critical milestone in Japan's effort to normalise monetary policy after decades of ultra-low interest rates and persistent deflation.

JPMorgan Is Coming for Europe’s Retail Banking Market

JPMorgan Chase is targeting retail banking operations in at least five European countries by 2030, according to people familiar with the matter. The US bank currently operates its digital retail brand, Chase, in the UK and Germany; the latter launched just last month and is now eyeing France, Spain and Italy as its next markets, though no final decisions have been made on sequencing. The expansion is led by Mark O'Donovan, head of JPMorgan's international consumer bank, who also oversees the bank's 46% stake in Brazilian digital lender C6.

SpaceX’s Historic IPO Just Made Elon Musk the World’s First Trillionaire

SpaceX shares were up another 10% in pre-market trading on Tuesday, extending a rally that has now seen the stock surge approximately 50% since the company listed on the Nasdaq last Friday. The IPO was already the largest in stock market history, raising $75 billion at launch. On Monday, SpaceX exercised an option to sell additional shares, taking total proceeds to $85.7 billion.

A Nasdaq-Listed Firm Is Quietly Dumping Ethereum at a $100 Million Loss

A wallet linked to FG Nexus, a publicly listed Ethereum treasury company trading on Nasdaq, moved another 10,000 ETH on Wednesday — worth approximately $17.8 million at current prices. The transfer extends a pattern of disposals that have now seen the company unwind more than 31,000 ETH in total, raising roughly $73 million across the sales combined.

Four Straight Weeks of Bitcoin ETFs Outflow Signal an Institutional Retreat

Spot Bitcoin ETFs recorded approximately $1.72 billion in net outflows in the week ending June 5, extending a streak of billion-dollar weekly redemptions that now stretches back to mid-May, according to SoSoValue data. The selling was heaviest in the first three trading days of June, with outflows of $483.8 million, $519.1 million and $396.6 million on consecutive days. A brief $3.2 million inflow on Thursday was quickly reversed by $325.7 million in outflows on Friday.

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