Global TradFi & Macroeconomics

According to SpaceX's IPO filing, Elon Musk will retain 82.4% of combined voting rights following the company's public offering, maintaining absolute control over major decisions. SpaceX employs a dual-class share structure where Class B shares carry 10 votes per share while Class A shares carry 1 v

ARK Investment Management sold approximately $222.87 million in shares across 20 companies on Thursday, according to disclosed exchange-traded fund transactions. The sales occurred one day before the SpaceX initial public offering, scheduled to debut on U.S. markets on Friday at a $135 per share

According to Jin10, on June 12, Shanghai Futures Exchange energy and chemical commodity warehouse inventory data showed mixed movements. Pulp futures warehouse inventory reached 236,681 tons, up 872 tons day-on-day. Coated paper futures warehouse inventory stood at 1,557 tons, up 600 tons.

According to Stocktwits, ARK Investment Management offloaded $222.87 million across 20 stocks on Thursday (June 12) ahead of SpaceX's highly anticipated IPO set for Friday (June 13). The largest single divestment was semiconductor maker Teradyne, with ARK selling $76.6 million in shares across its f

According to ChainCatcher, SEALCOIN, a subsidiary of Nasdaq-listed WISeKey International, raised $4 million in strategic funding from The Hashgraph Group (THG) and WISeKey. The capital will accelerate development of blockchain infrastructure for the emerging space economy using decentralized

According to ChainCatcher, Federated Hermes announced the recent launch of Federated Hermes Money Market Management Digital Treasury Fund, designed to meet GENIUS Act stablecoin regulatory requirements. The fund is open to stablecoin issuers, institutional investors, and retail investors. Assets he

Major European stock indices opened higher today (June 12). Germany's DAX 30 rose 1.4%, France's CAC 40 gained 1.3%, the STOXX 50 index increased 1.38%, and the UK's FTSE 100 advanced 0.6%.

According to Jin10 Futures, as of 3 p.m. Beijing time on June 12, spot platinum rose 0.53% while spot palladium gained 2.05%.

According to Bank of America Global Research, analyst Vivek Arya predicts the server CPU total addressable market (TAM) will surge from $350 billion in 2025 to over $1.7 trillion by 2030. This significantly exceeds the bank's prior forecast of $1.25 trillion for 2030. Arya attributes the

Binance launched Bstocks on June 11, allowing users to trade tokenized versions of select U.S. equities 24/7 as BEP-20 tokens on BNB Chain. The products are issued by BTech Holdings Limited, a Binance affiliate, and are backed 1:1 by shares held through Nest Trading Limited, a regulated

On June 11, Binance launched Bstocks, a new line of 1:1 backed tokenized equity tokens enabling fractional trading of U.S. shares. At launch, the exchange listed BEP-20 tokens representing Circle Internet Group, Nvidia, Micron Technology, SanDisk, and Tesla, with fractional trading starting at $5

According to Bloomberg, on June 12, major Wall Street banks including Citigroup, JPMorgan, and Goldman Sachs limited leveraged bets by hedge funds on Asian chip stocks such as SK Hynix and Samsung Electronics, raising financing costs amid year-to-date gains. SK Hynix fell nearly 7% from its

France's May harmonized consumer price index (CPI) reached 2.8% year-over-year, matching both the preliminary reading and market expectations.

France's harmonized CPI increased 0.1% month-on-month in May, matching both the forecast and the previous month's reading of 0.10%, according to official economic data.

According to UNCTAD's June Global Trade Update report, global lithium demand is projected to grow 353% from 2024 to 2040, while graphite demand will increase 131%. Lithium's share of clean technology demand is expected to rise from 62% in 2024 to 87% by 2040. In 2025, the Democratic Republic of

According to CFETS-NEX, the CNE full-market funding sentiment index fell to 52 as of 14:30 on June 12, down 2 points from 10:15. Large banks, mid-size banks, and non-bank institutions recorded indices of 51, 54, and 51 respectively, each declining 2 points. An index reading above 50 indicates

According to Axios on June 11, the Trump administration's forthcoming U.S.-Iran memorandum of understanding includes the immediate reopening of the Strait of Hormuz with no transit fees, as well as sanctions relief for Iran based on compliance with the agreement's

According to CryptoRank data, Solana dropped 20.5% during June 2026 as of June 12, significantly outpacing Ethereum's 17.1% decline for the month. Both declines exceeded their historical June averages; Ethereum's June average loss was 7.68%, while Solana's performance proved even more severe than

According to ChainCatcher, Cardano was added to CME futures for 24/7 trading on May 29, with ADA subsequently included in the Nasdaq CME Crypto Index on June 8 alongside BTC, ETH, XRP, and Solana. However, ADA has declined 37% over the past month to approximately $0.17, marking its lowest level

Germany's 10-year government bond yield fell 4 basis points to 2.985% on June 12.