SpaceX, OpenAI, and Anthropic may go public or raise over 240 billion USD, posing a potential impact on crypto market liquidity
According to ChainCatcher, market sources report that SpaceX is expected to go public in June, potentially surpassing Saudi Aramco's fundraising record of $29 billion to become the largest IPO in history. Meanwhile, OpenAI and Anthropic are also planning to go public in the second half of this year. The three companies are expected to attract a combined total of over $240 billion, which could become a key turning point for liquidity changes in the crypto market.
Market analysts believe that these super IPOs could significantly draw liquidity from risk assets, and the crypto market operates within the same capital pool. As mainstream crypto assets like Bitcoin and Ethereum have shown high correlation with Nasdaq and US stock risk appetite in recent years, massive funds flowing into subscriptions for tech giant IPOs could weaken buy-side support for BTC, ETH, and altcoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Volkswagen plunges! Profit forecast for 2026 significantly lowered, Porsche writes down €6 billion
Volkswagen expects the Group's operating sales return in 2026 to reach a maximum of only 1%, far below the previously projected 4% to 5.5%. The company anticipates that special items will impact full-year operating profit by about 10 billion euros, with around 6 billion euros attributable to non-cash impairments of goodwill in Porsche's operations. Increased competitiveness from Chinese automakers and accelerated consumer demand shift toward pure electric vehicles are also significant pressures facing Volkswagen. As a result of this news, Volkswagen's share price closed down 5.6% on Friday.
Glaukos Chief Development Officer Tomas Navratil sells 1,457 common shares worth $242,953.44
IT Tech Packaging auditor HCL resigns, company seeks replacement
As US Treasury yields rise, the cost of borrowing short-term Treasuries surges, with traders aggressively building short positions
The US Treasury will conduct auctions of two-year, five-year, and seven-year Treasury bonds next week. Currently, traders are racing to borrow bonds to short them, driving the borrowing costs for short-term Treasuries sharply higher. On Friday, the overnight repo rate for borrowing the current two-year Treasury was about 0.79%, while the rate for the five-year even dropped to as low as -0.85%. In contrast, the repo rate for regular Treasuries was around 3.88%.
Crypto prices
More
