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The massive $75 billion SpaceX IPO is currently stealing the global spotlight. Traders are actively shifting funds to chase the rocket launch, pulling much-needed liquidity right out of crypto.

🥶 The overall market vibe remains highly cautious. $BTC is fighting to stabilize and is currently hovering around the $63,000 to $64,000 zone. In short: Cash is chasing the shiny new IPO right now, leaving crypto in a holding pattern. Stay sharp! 🛡️

Here’s what we got for you today:

  • 👀 Galaxy Digital stock surged 30%

  • ⭐ Bitcoin rebounds, Fed risk remains

  • ⭐ BlackRock bets $5B on SpaceX IPO

  • 🔥 Burning hot takes for the road

7 Stocks to Buy Before the Robots Take Over

The next AI trade may not be another chatbot.

It may be surgical robots, automated warehouses, smart factories, and machine vision systems already reshaping how companies operate.

MarketBeat’s new 7 Stocks to Buy Before the Robotics Revolution report reveals seven companies positioned across the automation boom, from robot builders and AI chip leaders to machine vision providers and factory automation giants.

This is where AI gets a body.

And as labor shortages, wage pressure, and supply chain stress push more companies toward automation, these stocks could move before the robotics story becomes impossible to ignore.

The report normally sells for $29.97, but it is free for a limited time.

Bitcoin was falling. But Galaxy Digital stock suddenly jumped 30%!? That move was not random. Behind the spike were 2 signals most casual investors may have missed:

  • a major Wall Street partnership with Morgan Stanley

  • an AI data center deal in West Texas could change how the market values Galaxy

The interesting part is Galaxy may no longer be just a crypto stock. The market may be starting to price it as something much bigger: AI infrastructure. Today, we’ll explain what actually happened, why $GLXY ( ▲ 10.35% ) moved against the market.

🕊️ BTC RECLAIMS $63K, BUT WALL STREET IS STILL RUNNING AWAY

Just weeks after threatening to turn Iran's energy grid into hell, President Trump said he has canceled the military strikes and is on the verge of signing a historic peace memo.

The market popped immediately. While retail traders are riding the green candles, institutional Wall Street is executing the biggest capital exit we’ve seen all year.

1/ The "Peace Pivot" Sends Shockwaves 🕊️

The 180-degree turn from Washington caught the entire market by surprise on Thursday, June 11. Trump stated that a memorandum of understanding with Tehran could be signed as early as this weekend. Then:

  • $BTC ( ▲ 0.96% ): Exploded 3%, ripping from a $61,100 floor straight past $63,400.

  • Oil ($Brent): Dumped nearly 3%, sliding down to the $90/bbl mark as the "Hormuz Blockade Premium" evaporated.

  • TradFi: The stock market went wild, the S&P 500 jumped 1.75%, the tech-heavy Nasdaq surged 2.5%, and the Dow Jones added a massive 900+ points.

2/ A $4.4 Billion Institutional Bloodbath 🩸

While the immediate price pump looks great on a chart, the underlying institutional data is deeply concerning.

  • U.S. Spot Bitcoin ETFs just logged 13 consecutive days of net outflows. That is structurally the absolute worst bleeding streak since these products launched in 2024.

  • A staggering $4.4 billion has been vacuumed out of Bitcoin ETFs during this cycle. Fidelity’s FBTC took the absolute worst of the beating as institutions aggressively derisked.

3/ Debunking the "Digital Gold" Narrative (Again) 🧐

This entire macro cycle has proven something very important about Bitcoin's current identity. It is not acting like Gold. When the war talk peaked, money fled out of BTC and into actual safe havens like treasuries and physical gold.

When Trump announced the peace deal, BTC pumped in lockstep with the Nasdaq and S&P 500.

Right now, Bitcoin is acting purely as a hyper-sensitive "Risk-On" asset. The altcoin market proved this further: Ethereum bounced 4%, Solana jumped 6.8%, and Cardano gained 6.6% the second the geopolitical risk was removed.

Final Boss: June 16-17 Fed Meeting 🏛️ The market is currently pricing in a 98% probability that the Fed will keep interest rates completely frozen. The absolute lack of clarity on when the cuts will start is what's keeping institutional money on the sidelines.

But if the Fed comes out looking hawkish or ambiguous on June 17, this entire "Trump Peace Pump" will get completely wiped out.

CFA Charterholder: BlackRock Just Hijacked Your Crypto

Bitcoin was supposed to be peer-to-peer. No banks. No middlemen.

Not anymore. BlackRock owns more Bitcoin than most countries. Every time you buy on Coinbase, you're getting in after Wall Street already positioned themselves for the biggest returns.

It's the 2008 playbook — and you're on the wrong side.

🚀 BLACKROCK SLAMS $5B: SPACEX SET FOR HISTORY’S BIGGEST IPO TODAY

Traditional finance and tech are about to witness the biggest IPO in human history. Elon Musk’s SpaceX is officially hitting the Nasdaq today under the ticker SPCX.

The order books closed on Wednesday with an absolute frenzy, but the headline that has everyone talking is BlackRock: the world’s largest asset manager has officially placed an order for at least $5 billion in SpaceX shares.

1/ Insane Numbers Behind the Blastoff 📊

We are completely resetting the scale of public markets.

  • SpaceX is looking to pull in a jaw-dropping $75 billion by selling 555.6 million shares at a fixed price of $135 per share.

  • This implies an initial market cap of $1.78 Trillion. To put that in perspective, it puts SpaceX instantly into the top 10 most valuable companies on Earth, right alongside Apple and Nvidia.

  • Total investor demand hit a staggering $250 billion, making the offering nearly four times oversubscribed.

While BlackRock threw down $5B, the massive oversubscription means the underwriters (led by Goldman Sachs, JPMorgan, and Morgan Stanley) are going to cut back allocations aggressively, especially for hedge funds.

2/ Elon Musk "Retail Twist" 🦹‍♂️

Musk is completely rewriting the traditional Wall Street IPO playbook. Normally, institutional whales get all the "juicy" allocations. Not this time.

SpaceX has structurally carved out up to 30% of the entire IPO float specifically for retail and individual investors (drawing over $70 billion to $100 billion in public demand).

With this much public hype, expect a massive wave of retail FOMO. It wouldn't surprise me if a chunk of liquidity temporarily leaves high-risk assets like BTC and $ETH ( ▲ 0.63% ) as capital shifts to capture opening-day gains on Nasdaq.

3/ Valuation Debate: Pure Genius or Peak Euphoria? 🔮

While prediction markets like Polymarket are heavily betting that SpaceX will pump straight past a $2 Trillion market cap by the close of day, traditional analysts are sweating.

  • SpaceX pulled in $18.7 billion in revenue for 2025 but posted a $4.9 billion net loss, followed by another $4.3 billion loss in Q1 2026 alone.

  • Morningstar came out swinging, stating a realistic fair value for the stock is closer to $63 per share (a massive 53% haircut to the offer price), calling the current pricing a speculative "Moonshot scenario."

Why is BlackRock buying? Because SpaceX controls 80% of global launches, Starlink just crossed 12 million subscribers, and following its merger with xAI in February, it’s building orbital AI data centers with 70-meter wingspan satellites.

It’s an AI, space, and global defense monopoly combined.

🧠 My Analysis

Nasdaq recently revised its rules, allowing any mega-cap company in the top 40 to get a "fast entry" into the Nasdaq-100 within just 15 trading days. FTSE Russell is doing it in 5 days.

This means by early July, passive index funds and retirement accounts will be legally forced to sell existing tech holdings to buy up SPCX to match the indexes. BlackRock knows this. Even if the current price is expensive relative to losses, the structural buying pressure over the next 3 weeks is going to be immense.

My tip: If you're a crypto native looking at this, watch out for broader market volatility today. Don't chase the opening bell pump blindly, the lockup expiration is going to make the first few sessions an absolute roller coaster.

🔥 BURNING HOT TAKES FOR THE ROAD

Fold ($FLD) shares surged 162% after liquidating $45M in Bitcoin to clear all company debt and fund expansion. Read more

$ARB ( ▲ 3.72% ) spiked 10% following news that tech giant LG Electronics announced a custom blockchain for digital ads. Read more

SpaceX’s historic IPO is live today under $SPCX, pushing Elon Musk's total net worth past a casual $1.1 trillion. Unbelievable. Read more

"I told you not to sell your Bitcoin, I never said the company wouldn't!" Saylor clapped back at critics panicking over his 32 BTC sale. Read more

Layer-2 project Botanix is officially closing shop after 4 years, claiming the market for L2s is just too small to survive. Read more

🤡 SPICY MEME

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⚠ This newsletter is for informational purposes only and should not be considered investment advice. Traders should conduct thorough research, understand the risks, and carefully evaluate their decisions before investing in cryptocurrency.

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